Are you also fond of soft toys??? I am and I’m sure someone or the other you know also loves soft toys ;) Age is no bar when it comes to these cute cuddly toys. The smiles that flash across the face the moment you see them is just so beautiful.
Ever realized the company behind these wonderful smiles? Yes, I’m talking about HANUNG TOYS & TEXTILES LTD (HTTL), the company which produces the cuddly toys you buy from most of the popular stores. It is already present in over 3,000 stores, including chains such as Archies Gallery, Lifestyle, Shoppers' Stop and Pantaloons. It also has licensees for Walt Disney characters.
Set up in 1990, HANUNG TOYS & TEXTILES LTD (HTTL) proudly claims to be India’s largest Manufacturer and Exporter of Soft Toys Decorative Cushions & Children’s Room Furnishings.
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very well researched article
ReplyDeleteThe analysis is superb and so complete in itself. I am planning to add this stock to my portfolio. One thing I want know is whether the company has any competitor at all. Please also tell me what is the right price to buy the stock?
ReplyDeleteHi Charu
ReplyDeleteThe critical variable in a low margin commoditised business like this is to look at operating cash flows.
FY 09 generated negative 67 crores of cashflow. If u see there has been a significant rise in inventories and it has grown disproportionately to sales. Inventory on books is about 350 crores on books on sales of about 650 crores. The critical variable is to be analyse what is the actual value of this inventory and what off it needs to be written off hence affecting bottomline and EPS growth.
Cheers
Ninad
Excellent! Hanung Toys ..
ReplyDeleteAfter your analysis in NOV'09 the stock is now trading above 230. Thats a jump of almost 120pts. A whoping 109% returns
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ReplyDeleteThis Blog is very useful for Knowing about Stock market News. Investment Research also provides Best Future and Option Tips
ReplyDelete