Company Paper

Gitanjali Gems Ltd. BUY CMP: Rs.118.00 Date: March 02, 2010 Key Ratios: Particulars OPM(%) NPM(%) ROE(%) ROCE(%) P/BV(x) P/E(x) EV/EBDITA(x) Debt-Equity(x) Key Data: Sector Face seam value 52 wk. High/Low Volume (2 wk. Avg.) mad cow disease inscribe Target Price: Rs.136.00 Market Cap.: Rs.9943.86mn. FY09 5.70 3.05 7.58 7.71 0.49 6.67 3.46 0.62 FY10E 6.07 2.73 8.43 10.65 0.44 5.31 2.37 0.63 FY11E 6.08 2.78 8.99 11.15 0.40 4.53 2.07 0.63 SYNOPSIS Gitanjali Gems is nonpareil of the largest integrated adamant and jewelry manufacturers and retailers in India. The company became starting to produce the areas smallest heart shaped rhombus (0.03 carat) and developing virtually 25 patented facet patterns. Gitanjali Group, the jewellery maker and exporter, is homework to invest Rs 400 crore in adjacent 18 months for expanding its retail business in India and overseas markets. Gitanjali Gems all in all owned subsidiary, Gitanjali lifestyle has decided to set up a joi nt gage company in India in collaborationism with Damas LLC, Dubai. The company, which currently has one hundred fifty stores across India, is readiness to increase it by three creese and double the one hundred forty outlets it owns in US, China and Middle-East. The companys Net sales & PAT are expected to go at a CAGR of 18% & 8% over FY08 to FY11E. Gems & jewellery Rs.10.00 Rs.149.00/Rs.32.50 117000 532715 V.S.R.

Sastry Vice death chair Equity Research Desk 91-22-25276077 vsrsastry@firstcallindiaequity.com Share retentiveness Pattern: Dr. V.V.L.N. Sastry Ph.D. chieftain Research Officer drsast ry@firstcallindia.com 1 Table of con! tentedness essence 1. Investment Highlights 2. Company Profile 3. Peer Group relation 4. Key Concerns 5. Financials 6. Charts & Graph 7. Outlook and Conclusion 8. Industry Overview scallywag No. 03 08 10 10 11 13 15 16 2 Investment Highlights Q3 FY10 Results Update Gitanjali Gems reported a rise of 39.41% in consolidated net profit for the draw off ended declension 2009. During the quarter, the profit of the company went up to Rs 406.42...If you essential to get a full essay, order it on our website: OrderCustomPaper.com

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