Sel Manufacturing Company Limited, based in India, is a vertically integrated company that deals in textiles. This means they are involved in multiple stages of textile production, from yarn to finished products. Here’s a breakdown of what they do:
- Products:Â They manufacture a variety of textile products including yarn, fabric, readymade garments and towels.
- Specifics:Â They make terry towels (beach, bath, kitchen etc.), knitted garments (t-shirts, sweaters, innerwear etc.) for men, women, and children.
- Manufacturing Locations:Â Their plants are spread across Ludhiana, Nawanshehar, and Sehore.
They are a public company with their stock listed on the National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE) under the code SELMC.
Sel Manufacturing Products
Terry Towels:Â SEL is one of the largest producers of terry towels in India. They make a variety of towels, including beach towels, bath towels, kitchen towels, and Christmas towels.
Garments:Â SEL also manufactures a wide range of garments, including t-shirts, tops, innerwear, night suits, boxers, and sweaters . They have a strong customer base in the USA, Russia and the Middle East.
Sel Manufacturing Revenue and Net Profit
- Revenue: There was an -80.03% decline in revenue year-over-year for Q3 2023-2024.
- Net Profit: Net profit increased 38.21% year-over-year for Q3 2023-2024, but the company still reported a net loss due to a higher decline in revenue.
Sel Manufacturing Shareholding Patterns
- Promoters: Hold a significant majority at 75% of the total shares. It’s important to note that 36% of their holdings are pledged, which could be used as collateral for loans.
- Institutions: Institutional investors hold 19.68% of the shares, which is a slight decrease from 21.45% in the previous quarter.
- Foreign Institutional Investors (FIIs):Â Hold a minimal stake of just 0.13%, with the number of FII investors also decreasing slightly from 14 to 13 in the last quarter.
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Sel Manufacturing Share Price Target for 2025, 2026, 2027, 2028, 2029
| Year | Share Price |
|---|---|
| 2025 | ₹155 |
| 2026 | ₹206 |
| 2027 | ₹267 |
| 2028 | ₹333 |
| 2029 | ₹389 |
Sel Manufacturing Share Price Target for 2025
Sel Manufacturing Share Price Target for 2025 is 155.
Sel Manufacturing Share Price Target for 2026
Sel Manufacturing Share Price Target for 2026 is 206.
Sel Manufacturing Share Price Target for 2027
Sel Manufacturing Share Price Target for 2027 is 267.
Sel Manufacturing Share Price Target for 2028
Sel Manufacturing Share Price Target for 2028 is 333.
Sel Manufacturing Share Price Target for 2029
Sel Manufacturing Share Price Target for 2029 is 389.
Sel Manufacturing Dividend History
Sel Manufacturing’s dividend history is limited.
Future Outlook of Sel Manufacturing
Positive factors:
- Strong Brand Presence: SEL is a well-established brand in India with a long history in the textile industry. This brand recognition can be a valuable asset, especially in the domestic market.
- Focus on Luxury Goods: Their reported focus on luxury terry towels indicates a potential niche market with higher margins.
- Potential for Turnaround: The recent decline in revenue could be temporary, and successful implementation of business strategies could lead to growth.
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Risks Associated With Investing in Sel Manufacturing
Negative factors:
- Recent Revenue Decline: The significant drop in revenue for Q3 2023-2024 raises concerns about the company’s overall financial health.
- Limited Profitability: Even with a reported increase in net profit for Q3, the high revenue decline resulted in a net loss.
- Competitive Market: The textile industry is highly competitive, with both domestic and international players.
Sel Manufacturing Competitors
Sel Manufacturing faces competition from a variety of textile companies in India and abroad. Here’s a breakdown of their competitor landscape:
Domestic Competitors:
- Large Textile Players: These include companies like Grasim Industries, Trident Ltd, Alok Industries Ltd, and Vardhman Textiles Ltd. They are major players in the Indian textile industry and compete with Sel Manufacturing across various product categories.
- Specialized Textile Companies: There are also companies specializing in similar products as Sel Manufacturing, such as terry towels and garments. Some examples include AKM Creations Ltd, Alps Industries Ltd, Amsons Apparels Ltd, and Bannari Amman Spinning Mills Ltd. These companies might compete more directly on price and product features.
International Competitors:
- Global Textile Giants: International companies like Adidas, Nike, and Uniqlo might have a presence in the Indian market, particularly for garments, and could be considered indirect competitors.
- Textile Companies from Neighboring Countries: Companies from Bangladesh, Pakistan, and Sri Lanka are also major players in the global textile industry and could compete with Sel Manufacturing on exports or international contracts.
Sel Manufacturing FAQs
Products:
Future Outlook:
- What is the future outlook for Sel Manufacturing?
- The future outlook is uncertain. There are both positive factors (strong brand presence, focus on luxury goods) and negative factors (recent revenue decline, limited profitability). The company’s success in implementing future strategies will heavily influence their outlook.
- Who are Sel Manufacturing’s competitors?
- Sel Manufacturing faces competition from both domestic and international players, including large textile companies (Grasim Industries), specialized textile companies (AKM Creations Ltd), and international brands (Adidas).