| | |
| Name of Company | Sejal Architectural Glass |
| BSE Code | 532993 |
| NSE Code | |
| ICICI Code | |
| Established | |
| My Take | Not Sure |
| Headquarters | Mumbai |
| Promoters | |
| Story | New float glass facility which can manufacture 550 tons per day to be operational by FY09. Ventured in retailing with a 30K sqft showroom. Revenue are half compared to Saint Gobain. Glass manufacturing has a low NPM (5-8% annually). Not sure why glass are commanding forward P/E’s in the range of 60-70 or even more. |
| Sector | Manufacturing |
| Sub-sector | Glass, tiles, sanitary-ware, mirrors |
| Website | |
| Positives | >50% promoter shareholding. Nirma seems to have acquired more than 20% in Feb 2010. |
| Negatives | Has insider trading and SAST records. Listed in Jul 2008 at 115, then came down to Rs. 20 – relatively new stock with lot of volatility. |
| Peers | Saint Gobain, Insilco |
Mar 17, 2010
Sejal Architectural Glass 532993
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