Gillanders - Buy at cmp 138 for the targets of 149 to 165 , time frame 1 to 2 months ,SL 119 Incorporated in 1935, Gillanders Arbuthnot and Company Ltd deals in manufacture and sale of tea, yarn made out of Cotton, Man Made Fibres, Steel Structural, Pipes and Equipment and designing, supplying, erection and commissioning of projects on turnkey basis and letting out of property on Rent 1) Gillanders among the top 3 players in 2W and a leader in 3W. 2) Recently company seen a turnaround by coming in profit vs loss They posted 5 cr profit vs loss of 35 crores 3) Promoters recently increased stake and holding nearly 70% of the company 4) Healthy sales growth of 36% ( yoy) *5) Valuations looks attractive Price to sales ratio 0.7x vs other peers 2.2X Price to book ratio 1x* 6) Debt reduced drastically, working capital cycle improved 7) No pledge of shares , modest dividend yield 8) Diversified operations in different sectors like - tea , textile, real estate, engineeri...
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