Cravatex (BSE CODE 509472) is a company immensely getting benefit from the changing lifestyle of youth in India.It is one of the largest seller of Fitness and sports equipments under the brand name Proline Fitness. Now Company also offers a range of advanced international beauty therapies within spas across the country.
Proline is the pioneer in introducing the personal range of fitness equipments and it has 50 showrooms across the country. Nowadays our youth is paying much attention to their health and the financial result of this company is a testimony for this fact. Company is also running commercial gyms for companies like SBI. L & T, Microsoft….. etc . It is expanding very rapidly Pan India.
In December qtr company posted an EPS of Rs.12.56 v/s Rs.3.22 last year same qtr. For the nine month ended EPS is Rs.28.52 and full year is expected close to Rs.45/- Cravatex has a tiny equity of just 1.29 crore and out of this 75% is held by the promoters. Company is a unique one in the listed space and the business has huge potential . It is now trading just a P/E of 5 on the full year expected EPS.Buy for decent return in six months time.
More details are available from their website : http: //ww w.prolinefitness. in
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