64.45 -0.45 (-0.69%)
NSEDec 01, 2020 11:34 AM
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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2017-04-10||Orbit Exports Ltd. +||Choice India||130.00||130.00 (-50.42%)||Buy|
Over the FY12-16 period Orbit Export's revenue, EBITDA and PAT have grown at a CAGR of 9.8%, 29.0% and 28.4% respectively. The EBITDA margins of the company is consistently improving and stands at 29.2% as of FY16. The company on February 16, 2017 approved the issue and allotment of 14.4 mn bonus equity shares in the ratio of 1:1 to the existing shareholders of the company. Orbit Exports is taking efforts to improve the quality and productivity to get more orders at competitive rates. The expansion program by improving efficiency by installation of new high tech machinery is expected to push volume growth. The company is committed to...
|2015-10-12||Orbit Exports Ltd. +||Karvy||404.65||487.00||404.65 (-84.07%)||Pre-Bonus/|
Niche player in high-end designer fabric market: Orbit Exports has created a niche for itself by focusing on fancy fabrics like faux silks, jacquards, made-ups, apparel, ribbon for use in Christmas craft, ladies dress material, home textiles, fashion garments and bridal wear. It has noteworthy clients such as Calvin Klein, Zara and Debenhams. The company is a strong player in Jacquard Fabric which is a high margin product and contributes 36% to therevenues.