-:BOMBAY RAYON FASHION

LIMITED:-

P R E S E N T E D BY:
SIDHARTHA SANKAR SAMAL
FUNDAMENTAL ANALYSIS
TEXTILE INDUSTRY
 Account 14% to total industry out put.
 Accounts about 30% in the total export
 Global recession
Less export orders
Price of raw materials like cottons
 Bottleneck like Power,Tamilnad
 Growing Economy and potential domestic and international market
 Abundant Raw material availability that helps industry to control costs and
reduces the lead time across the operation.
 Availability of low cost and skilled man power provides competitive
advantage to industry.
 Growth rate of domestic textile industry is 6-8% per annum
 Greater investment and FDI opportunities are available.
ECONOMY ANALYSIS
 According to Shri. R.K. Dalmia, Chairman of the Confederation of Indian Textile
Industry :-
 Stimulus package
v It has also been affected by negative government decisions
 Reduction of drawbacks rates withdrawal of interest subvention on export credit
 Increase in minimum support prices for cotton.

 Exchange Rate
 Export earnings increased as Rupee depreciates (50% to USA Exports)
 GDP- Has Decreased
 Inflation has Increased put negative impact
 COMPANY ANALYSIS
 It was incorporated as Mudra Fabrics Private Limited (MFL) on May 21,
1992
 On October 13, company was converted into a public limited company.
 On September 30, 2004 it was named as Bombay Rayon Fashion limited
(BRFL).
 Promoter Mr. Janardhan Agrawala. Mr. Aman Agrawal and Mr. Prashant
Agrawal
 Share holdings:- The major chunk(Till 30/9/2008)
 Indian Promoter-48.42%
 Mutual Funds-12.82
 FIIs-37.92
PEER VALUATION
Operating Segments: It has capacity to produce 28.8mn garments but after the full


expansion, the capacity will reach approximately 71.4mn pieces. It has sold 14.64mn
pieces of garments in FY08


The current capacity of fabric manufacture is 55mn meters, out of which it has sold


48.86mn meters during FY08.After the expansion the fabric capacity will reach approx
235mn meters of fabric


The company has taken up massive expansion plans, which include setting of garment


manufacturing capacity of 100000 pieces per days and fabric capacity of 180mn/annum.
Garments unit are coming up at Ichalkaranji, Nanded, Latur and Osmanabad.


COMPETITIVE OPERATIONAL BUSINESS MODEL:- The company has yarn

dyeing, processing, and garment sewing at the same loca-tion, which helps it to reduce
the lead time to 30 days.


 Labor Intensive Industry- China and India (Beneficiary)


TECHNICAL ANALYSIS
Major Acquisitions
FINANCIAL OUT LOOK
FORECASTED FIGURE
TREND LINE
5 DAYS MOVING AVERAGE
50 DAYS MOV.AVG
E X P O N E N T I A L M O V I N G AV E R A G E
 Interpretation:-
 In our case BRFL the beta of its stock is 1.03, it’s more than1,it will react 3%
more strongly than the average ups and downs of the market. It’s better in rising
markets ; they tend to rise in the value more.
 In our case the correlation of BRFL is 0.46307.It means the security will move in
the same direction of the market
 It means if the market return is high the return on security will be high and vis-
versa. But the return will vary .04% than the market return.
RESISTENCE AND SUPPORT
CONCLUSION

 HOLD EXISTING
 BUY NEW ENTRANT
Thank You