Author Topic: SURC -- Suraj Cotton Mills Ltd.  (Read 5792 times)

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Offline M&M

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SURC -- Suraj Cotton Mills Ltd.
« Reply #-1 on: October 04, 2012, 07:48:51 PM »
http://www.suraj.com/
FY12 bm Oct 8, 2012
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SURC -- Suraj Cotton Mills Ltd.
« Reply #-1 on: October 04, 2012, 07:48:51 PM »

Offline saifullahkhan7

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Re: SURC -- Suraj Cotton Mills Ltd.
« on: October 05, 2012, 01:22:30 AM »
The Suraj Cotton Mills Limited is a public limited company, incorporated in the year 1984 and is listed in both Karachi & Lahore Stock Exchanges. The Company is engaged in the manufacturing and trading of high quality Yarn and Woven Fabrics. The Company has three operating units located at Nooriabad (Sind) and Shahkot (Punjab).

The Company’s success is attributed to quality yarn and fabric and valued relationship with suppliers, ginners and cotton spinners.

 ASSOCIATED COMPANIES

  • Shams Textile Mills Limited
  • Premier Insurance Limited
  • Crescent Sugar Mills & Distillery Limited
  • Shakarganj Mills Limited
  • The Crescent Textile Mills Limited
  • Crescent Fibres Limited
  • Crescent Bahuman Limited
  • Equity Textiles Limited
  • Crescent Powertec Limited

Spinning Facility
The Company has the installation of spinning facilities at Nooriabad Area. The plant comprising of 16,320 spindles came into commercial production in 1986. During the first two years of operations, the performance of the company was extremely satisfactory. The management was successful in marketing the cotton yarn produced from these facilities and infact, we have been generating substantial export business. The operation resulted in the manufacturing of excellent quality of yarn and contributed a lot in the profitability of the company. The company in these years built enough reserves and induced the management to think about the expansion of its existing facilities. The business situation in Sindh Area in those times were not conducive for further investment, the Management, therefore, decided to increase its spindle age capacity to 34,560 by installing another spinning unit in Kotla Kahloon on Sheikhupura Road near Shahkot.

In the year 2000 the Company further expand its existing spinning facilities by the addition of 16,000 Spindles at Shahkot. This expansion project was based on high value yarns such as 40/1 – 80/1 combed to cater to the demand of high value weaving industry, which has come up recently in Pakistan.

In the year 2002 Suraj Cotton Mills Limited has created a quality standard in higher quality yarns and looking at the shortage of such products it was quite lucrative to go into expansion in existing unit by the addition of further 8500 spindles.

In the line with its policy of continuous improvement and to keep the pace with technological developments, the company has investing in further equipments, which will help it to maintain its competitive edge and remain in a position to increase investor value. In this respect, we are making further investment in our spinning division through the installation of 8,256 spindles in unit-1 located at Nooriabad.     

Weaving Facility
The Company had also diversified its operation in 1994 by adding weaving facilities to its established spinning lines. Primarily, The weaving unit was equipped with the most modern, sophisticated, state-of-the-art machinery and comprises 96 Air Jet Looms with a collective capacity exceeding 12 million meters of Grey cloth annually. The weaving division had managed to perform satisfactorily and management felt the need to diversify in this field. In order for the company to be able to absorb the increasing competitiveness, and to able to produce a variety of fabrics, the management has decided to expand its weaving facilities. In this regard, initially, 64 Air jet looms were added to existing weaving facilities in March 2003 and further 56 Air Jet Looms were added in December 2003 which have further enhanced the collective capacity to 25 million meters of Grey cloth annually. This unit is also export-oriented and is successful catering the needs of international market.                   
« Last Edit: October 05, 2012, 01:25:28 AM by saifullahkhan7 »
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Offline M&M

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Re: SURC -- Suraj Cotton Mills Ltd.
« Reply #2 on: October 22, 2012, 06:49:36 PM »
"The only true wisdom is in knowing you know nothing." - Socrates

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Offline SBM

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Re: SURC -- Suraj Cotton Mills Ltd.
« Reply #3 on: October 25, 2012, 05:01:11 AM »
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Offline SBM

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Re: SURC -- Suraj Cotton Mills Ltd.
« Reply #4 on: February 19, 2013, 02:39:14 PM »
http://www.kse.com.pk/notices-updates/detail2.php?id=4&nid=041354&pagesize=1&pageno=2

first result (i think) of textile sector
eps 18.72 for half year v 0.56 last year
for 2nd quarter eps 12.71 v 1.47 last year
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Offline SBM

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Re: SURC -- Suraj Cotton Mills Ltd.
« Reply #5 on: February 19, 2013, 02:48:27 PM »
iski management thori khiski hui hai ..   uuu
they have parked their excess cash in equities directly instead buying treasuries or mutual fund units.
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Offline SBM

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Re: SURC -- Suraj Cotton Mills Ltd.
« Reply #6 on: May 01, 2013, 11:08:39 PM »
http://www.suraj.com/pdf/Third%20Quarter%202013.pdf


question is, will they pay 10+ pkr dividend or not ?
they have a ton of cash and short term invesments.,
 expect full year earning arouns 40.
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Offline SBM

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Re: SURC -- Suraj Cotton Mills Ltd.
« Reply #7 on: August 01, 2013, 10:21:35 AM »
almost 100. question is. 150 karay ga ?

 ;)
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Offline SBM

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Re: SURC -- Suraj Cotton Mills Ltd.
« Reply #8 on: August 01, 2013, 11:40:26 AM »
not much long term liability - 1/10 of equity
as stock clears up by year will, it may earn another billlion in cash.

already has 383 million (19.3/share) in cash and short term investments

can post 35 + eps with 15 dps.

comments ?

liqduidity is slightly better than other textile shares but often dries up for days.


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Offline SBM

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Re: SURC -- Suraj Cotton Mills Ltd.
« Reply #9 on: September 30, 2013, 04:24:00 AM »
gasf sold all their holdings  :down:

hopefully next time it breaks 100 it will stay above it

full year earnings should be around 40-42 with 6-8 pkr cash div

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Offline SBM

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Re: SURC -- Suraj Cotton Mills Ltd.
« Reply #10 on: October 01, 2013, 04:56:02 PM »
gasf sold all their holdings  :down:

hopefully next time it breaks 100 it will stay above it

full year earnings should be around 40-42 with 6-8 pkr cash div

 :shoaby:

eps 45.62
dps 6
bonis 10%

http://www.kse.com.pk/notices-updates/detail2.php?id=4&nid=046979&pagesize=1&pageno=2

ab tu break karo 100 yar  :mad:
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Offline Zedenc

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Re: SURC -- Suraj Cotton Mills Ltd.
« Reply #11 on: October 01, 2013, 07:33:02 PM »
gasf sold all their holdings  :down:

hopefully next time it breaks 100 it will stay above it

full year earnings should be around 40-42 with 6-8 pkr cash div

 :shoaby:

eps 45.62
dps 6
bonis 10%

http://www.kse.com.pk/notices-updates/detail2.php?id=4&nid=046979&pagesize=1&pageno=2

ab tu break karo 100 yar  :mad:
your foresite / assessment eps/dps has been commendable. Great.

Offline SBM

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Re: SURC -- Suraj Cotton Mills Ltd.
« Reply #12 on: October 10, 2013, 07:17:09 PM »
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Offline SBM

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Re: SURC -- Suraj Cotton Mills Ltd.
« Reply #14 on: December 19, 2013, 01:09:04 PM »
almost 100. question is. 150 karay ga ?

 ;)

 :fingerscrossed1:
hopefully .. 175 ish banta hai if gadoon 200+
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Offline Shahzadsaleem1

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Re: SURC -- Suraj Cotton Mills Ltd.
« Reply #15 on: January 29, 2014, 10:07:06 AM »
SURC - Suraj Cotton Mills Ltd. - Analysis - 20/02/2013
Company   SURC   Symbol
Company Name   Suraj Cotton Mills Ltd.                    Company Name
Sector   Personal Goods (Textile)   Sector
Avg EPS   Rs 15.64   Average of past year end EPS's
Avg EPS FV   Rs 164.63   Fair Value (DCF) based on average of past year end EPS's
EPS   Rs 35.66   Last four quarters EPS
EPS FV   Rs 375.37   Fair Value (DCF) based on last four quarters EPS
Current Price   Rs 68.22   Last closing stock price
Updated   February 2013   Data Month/Year
Div   Rs 4.00   Total dividend paid during last four quarters
Div FV   Rs 42.11   Fair value (DD) based on total dividend paid during last four quarters
Avg Div   Rs 2.50   Average of yearly dividends paid (including currently paid ones)
Avg Div FV   Rs 26.32   Fair value (DD) based on Average of yearly dividends paid (including current)
Avg   Rs 142.72   Fair value (averaged of other fair value)
Upside   109.21%   Upside potential (in percentage) based on the above Average.
Div Yield   5.86%   Dividend yield
Book Value   Rs 138.08   Book Value
FV FCF/S   Rs 207.87   Fair Value based on free cash flow per share
Outstanding Shares   19,800,000   Number of  Outstanding Shares
Current Assets   Rs 2,267.00   Currency in Millions of Pakistan Rupees
Total Liabilities   Rs 1,382.00   Currency in Millions of Pakistan Rupees
NCAV/S   Rs 44.70   Net Current Asset Value / Share
Total Assets   Rs 4,116.00   Currency in Millions of Pakistan Rupees
Quarter   September 2012   Data Quarter
CfO   Rs 404.00   CASH FROM OPERATIONS (Millions of Rs)
FCF/S   Rs 19.75   Free Cash Flow per Share
P/E   1.91    Price over earnings ratio
P/E Sector Avg   1.20    Sector Average P/E
P/B   0.49    Price over book value ratio
P/B Sector Avg   0.75    Sector Average P/B
PR   11.22    Payout Ratio (in %)
PR Sector Avg   -0.62    Sector average Payout Ratio (in %)
D/E Ratio   11.22    Debt / Equite ratio (%)
Sector D/E Ratio   226.00    Sector Debt / Equity ratio (%)
Symbol   SURC   
Current Price   Rs 67.22   
Previous Day Price   Rs 67.06   
Daily Return   0.24%   
Price Week Ago   Rs 60.49   
Weekly Return   11.13%   
Price Month Ago   Rs 52.05   
Monthly Return   29.15%   
Price Quarter Ago   Rs 45.80   
Quarterly Return   46.77%   
Price Year Ago   Rs 26.00   
Yearly Return   158.54%   

It was one year ago what would be the Fair Value Now!!!!!!

Offline SBM

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Re: SURC -- Suraj Cotton Mills Ltd.
« Reply #16 on: January 29, 2014, 03:46:06 PM »
200ish
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Offline 007

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Re: SURC -- Suraj Cotton Mills Ltd.
« Reply #17 on: January 29, 2014, 03:55:27 PM »
doubled in 3months

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Re: SURC -- Suraj Cotton Mills Ltd.
« Reply #18 on: April 22, 2014, 05:23:39 PM »


decent result
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