Author Topic: SAIF -- Saif Textile Mills Limited  (Read 4969 times)

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Offline SBM

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SAIF -- Saif Textile Mills Limited
« Reply #-1 on: September 22, 2013, 05:11:43 AM »
All about Saif Textile Mills
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SAIF -- Saif Textile Mills Limited
« Reply #-1 on: September 22, 2013, 05:11:43 AM »

Offline SBM

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Re: SAIF -- Saif Textile Mills Limited
« on: September 22, 2013, 05:17:52 AM »
Saif Textile Mills Limited
(SAIF)   October 31st, 2012
02:29:23 PM   FINANCIAL RESULT FOR THE FIRST QUARTER ENDED 30/09/2012
PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 92.597
PROFIT/LOSS AFTER TAXATION RS. IN MILLION 82.679
EPS = 3.13

Saif Textile Mills Limited
(SAIF)   February 28th, 2013
10:40:50 AM   FINANCIAL RESULT FOR THE HALF YEAR ENDED 31/12/2012
PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 172.024
PROFIT/LOSS AFTER TAXATION RS. IN MILLION 138.884
EPS = 5.26

Saif Textile Mills Limited
(SAIF)   April 29th, 2013
05:23:35 PM   FINANCIAL RESULT FOR THE NINE MONTHS ENDED 31/03/2013
PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 324.928
PROFIT/LOSS AFTER TAXATION RS. IN MILLION 280.114
EPS = 10.61
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Offline SBM

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Re: SAIF -- Saif Textile Mills Limited
« Reply #1 on: September 22, 2013, 05:18:50 AM »
should comfortably post 15+ eps and maybe 2.5 + dps

bm 26 sep
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Offline SBM

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Re: SAIF -- Saif Textile Mills Limited
« Reply #2 on: September 22, 2013, 05:51:54 AM »
as at 31march 2013

paid up capital 26.4 million shares of PKR 10 each
long term debt to equity 0.972
Net current assets per share -2.42
book value 59.5

installed capacity 88476 spindles
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Offline SBM

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Re: SAIF -- Saif Textile Mills Limited
« Reply #3 on: September 27, 2013, 12:47:44 PM »
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Offline PK

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Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years.

Offline SBM

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Re: SAIF -- Saif Textile Mills Limited
« Reply #5 on: September 27, 2013, 01:29:07 PM »
aur sasta milay tu isko leysakta hain  :s1:
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Offline SBM

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Re: SAIF -- Saif Textile Mills Limited
« Reply #6 on: September 27, 2013, 01:29:59 PM »
aur sasta milay tu isko leysakta hain  :s1:

cheap on many multiples and even paying out good amount. still market no like it.
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RABB, sun le tu sariyan hun aaftaan utha le,
Lagda ni dil meinu wapas bulale..

Offline SBM

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Re: SAIF -- Saif Textile Mills Limited
« Reply #8 on: October 05, 2013, 01:52:10 PM »
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Offline Zedenc

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Online asim.786

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Re: SAIF -- Saif Textile Mills Limited
« Reply #10 on: November 29, 2013, 09:47:46 PM »
should comfortably post 15+ eps and maybe 2.5 + dps

bm 26 sep

http://www.kse.com.pk/notices-updates/detail2.php?id=4&nid=046752&pagesize=1&pageno=3

16.44 eps 2.5 dps  :biggthumpup:

anyone holding ?

Holding Holding
Holding 5K @ 30.40
TP please?
is Ko bhe koi lift karwa day 2 days say strong lock laga chuka ha I bought at 26 four days b4 
So lucky stock for me   :thumbsup_anim:
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Offline SBM

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Re: SAIF -- Saif Textile Mills Limited
« Reply #11 on: November 29, 2013, 10:59:38 PM »
its good. they make some premium yarn as well
leverage zaida hai thora ... but chalay ga  :biggthumpup:
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Online asim.786

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Re: SAIF -- Saif Textile Mills Limited
« Reply #12 on: December 01, 2013, 02:45:36 AM »
its good. they make some premium yarn as well
leverage zaida hai thora ... but chalay ga  :biggthumpup:
I ride on it newly at26 this week and realy enjoying 
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Offline RSI Fan

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Re: SAIF -- Saif Textile Mills Limited
« Reply #13 on: December 01, 2013, 07:38:50 AM »
its good. they make some premium yarn as well
leverage zaida hai thora ... but chalay ga  :biggthumpup:
I ride on it newly at26 this week and realy enjoying

Expected TP ?

Online asim.786

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Re: SAIF -- Saif Textile Mills Limited
« Reply #14 on: December 02, 2013, 01:02:08 AM »
its good. they make some premium yarn as well
leverage zaida hai thora ... but chalay ga  :biggthumpup:
I ride on it newly at26 this week and realy enjoying

Expected TP ?
Lets see it shows hatrick or not
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Offline CanBull

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Re: SAIF -- Saif Textile Mills Limited
« Reply #15 on: May 26, 2014, 02:57:38 PM »
Asim bhai any latest dehan on this ????

Offline CanBull

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Re: SAIF -- Saif Textile Mills Limited
« Reply #16 on: May 27, 2014, 04:02:08 PM »
It's showing good movement and volume is increasing.....  :clap1: :clap1:

Offline CanBull

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Re: SAIF -- Saif Textile Mills Limited
« Reply #17 on: June 08, 2014, 03:35:09 PM »
Kash yey bhi JKSM kay raastay per chal paray.....

Offline MZ

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Re: SAIF -- Saif Textile Mills Limited
« Reply #18 on: July 17, 2014, 06:26:39 PM »
Saif Textile Mills Limited (KSE: SAIF) is a public listed company that's listed on the KSE commenced commercial production on 1st January 1992. The company mills are located in industrial estate, Gadoon Amazai, KPK, Pakistan. SAIF, headed by Anwar Saifullah Khan as Chairman, is principally engaged in the manufacture and sale of compact cotton and syntehtic yarns. Moreover, it offers diverse product line including denim, apparel, shirting, technical fabrics and home textiles.

The company distributes its products in the domestic market and to oversea markets such as Europe, Far East and Middle East. SAIF has an installed capacity of 88,476 spindles, manufacturing and market over 20 million kilos of combed cotton, carded cotton and syntehtic yarns annually. It has the largest installation of Rieter Com4 spinning K-44 ring frames and is pioneer in the manufacture of premium yarns for the Italian luxury shirting sector.

PERFORMANCE FOR 1H FY14 In the face of energy shortages and political instability particularly in the region of Khyber-Pakhtunkhwa (KPK), SAIF's current performance on the whole has been on a sliding curve. During the 9M FY14, net sales of Rs 5,934 million expanded significantly by 8.3 percent year on year against net sales of Rs 5,482 million attained in the same period of last year.

SAIF's gross profit dwindled by 5.5 percent year on year in 9M FY14 due to the company's cost of sales grew out-of-step with the top line growth, by 10.7 percent year on year. Subsequently, these costs consumed 87 percent of net sales in 9M FY14. The decline in the performance was brought about by the effect of non-responsiveness of yarn prices against the rise in cotton rates.

During the period, 9M FY14 there was worsening in yarn demand both of international and domestic market with reduction in rates and sudden appreciation in Pakistani currency against dollar that has not only hampered export competitiveness but also provided additional incentives to importers of imported yarn and fabric that resulted in reduction in sales rate and demand.

Profit after tax clocked in at Rs 134 million due to taking into account the exchange rate fluctuations. However, pressures have been witnessed with distribution costs and administrative costs rising by 28.6 percent and 18.1 percent year on year, respectively. Finance cost for the period also rose by 15.1 percent year on year, in line of increase in kibor rates adding extra stress to bottom line growth.

The current ratio for the company lingered at 1.02 in 9M FY14. In view of at the SAIF's unconsolidated balance sheet, an assessment of current ratio and quick ratio shows that the difference between the two has broadened considerably over the years with the highest disproportion witnessed in 9M FY14. In 9M FY14, the inventory constituted for 63 percent of the company's current assets. This shows that the company possesses huge inventory stock.

SAIF has been raising its long-term borrowings over the years for the replacement of machinery and equipment of its production facilities and currently for the installation of the dyeing unit. With a decline in the company's profits in 9M FY14, the EPS fell to Rs 5.1 from Rs 10.6, a decline of 51.9 percent for the same period in previous financial year.

FUTURE OUTLOOK Despite power shortages and endless tariff hike, the last few months have seen a steadied demand for textile products both in the domestic and international market.

SAIF is maintaining its focus on research and development activities. Various expansion and modernisation projects are underway which include projects for converting mills further coarser and increasing production capacities. In addition to increasing spindlage, other projects are focusing on replacement of old machinery with new energy efficient, highly productive and less labour intensive technology. Efforts are also being made to explore new customer base by emphasising market development as well as product development.

=================================================
                         9MFY12   9MFY13   9MFY14
=================================================
Profitability
-------------------------------------------------
Gross profit margin       28.5%    27.8%    27.2%
Operating profit margin   13.5%    11.2%    10.8%
Net profit margin          8.4%     7.8%     7.3%
ROE                       16.1%    12.9%    11.9%
ROA                       11.4%     9.3%     8.8%
-------------------------------------------------
Liquidity
-------------------------------------------------
Current ratio             2.63     2.84      3.12
Quick ratio               1.13     1.46      1.81
-------------------------------------------------
Turnover
-------------------------------------------------
Total asset turnover      1.36     1.20      1.20
Fixed asset turnover      3.19     3.14      3.51
-------------------------------------------------
Market
-------------------------------------------------
EPS - Rs                 17.28    15.57     16.93
=================================================

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