Ambika Cotton Mills Ltd: Strong Player in Yarn Manufacturing (Sep 23, 2015)
Karvy
Rock solid ratios with higher dividend yield: Ambika Cotton has recorded outperforming return ratios of RoE, RoCE & RoA at 18.2%, 20.6% & 11.3% in the industry in FY15. The company has paid dividend per share of Rs.14 implying dividend yield of ~ 1.7% at CMP of Rs 835. The profit after tax is growing with a CAGR of 30% in FY12-FY15 and expecting a growth of 20% CAGR in FY15-FY17E.
