Super Stock 2022: This stock has the power to give double returns, Rupa & Company

Best Stock For 2022: In the new year, if you are looking for a stock that can double your money in a short time, then you can keep an eye on Rupa & Company from the textile sector. This stock has the potential to give you double returns. The company, which does business in innerwear, thermal wear and casual wear, has a strong growth outlook. At the same time, valuations are also very attractive compared to other companies in the sector. The promoters of the company are highly experienced and have a strong financial track record. The company will get the benefit of entry into the retail segment. In such a situation, it can prove to be a strong stock for short term to long term investment.

How much return can I get
Anil Singhvi says that Rupa & Company is a strong stock of the textile sector. The brand image of the company is strong and also popular. There is a tremendous demand for the company’s innerwear. The promoters of the company are highly experienced. The company will benefit from entry into the retail segment and margins will increase. At the same time, the valuation of the stock is attractive in comparison to Pierce companies. He says that in the year 2022, this stock can do wonders. Whenever there is a fall, the stock should be added to the portfolio. Anil Singhvi has given 3 targets of Rs 600, Rs 700 and Rs 900 in the stock. The stock is currently trading around Rs 450.

50 years experience
Ashish Chaturvedi says that Rupa & Company has more than 50 years of experience in the textile industry. The company has business in inner wear, thermal wear and casual wear. The company will get the benefit of exclusive licensing agreements of international brands such as FCUK and FOTL. The company has recorded record earnings and profits in FY21. The stake of Abakkus Fund has increased from 1.51 percent in December 2020 to 2.03 percent in September 2021.

Company Outlook
Ashish Chaturvedi says that the income is expected to increase by 16%-20% in the next 3 years. The company is focused on expanding its high-margin brands FCUK, Fruit of the Loom and M-series. There are plans to expand to South and West India. The company is shifting from the wholesale distribution model to the direct distribution channel.

Valuation
Company  P/E  Market Cap / Sales

Rupa Co 17.6  2.5x

Lux Ind 33  5.6x

Page Ind 99.8  15.5x

company’s financials
Earnings Trend (in crore)

FY18 1120 CR

FY19 1149 CR

FY20 975 CR

FY21 1313 CR

FY22E 1600 CR

FY23E 1900 CR

Profit trend (in crore)

FY18 86 CR

FY19 74 CR

FY20 62 CR

FY21 175 CR

FY22E 200 CR

FY23E 250 CR

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