NIRMA LTD. BSE CODE 500308
Nirma Ltd. does not need an introduction to any investor. At a time when Hindustan Lever was ruling the roost in detergent brand (Surf), Nirma launched the low cost variety “Nirma” detergent which was a super hit. Since then, the company has come a long way.
The company’s share capital is about Rs.79.55 Crores made up of 15.9 Crore shares of Rs.5.00 each. Promoter group holds about 77.17 shares and Institutions and bodies corporate hold about 9.90 per cent shares, making a total of about 90 per cent shares. Floating stock is very less.
The company is showing decent profitability and consistent sales performance. The company has a wide sales network and is the most preferred brand of low income households.
If you are reading this in Kashiwala's site, it is original post and if you are reading this in some other site, it is pirated.
Nirma Ltd. does not need an introduction to any investor. At a time when Hindustan Lever was ruling the roost in detergent brand (Surf), Nirma launched the low cost variety “Nirma” detergent which was a super hit. Since then, the company has come a long way.
The company’s share capital is about Rs.79.55 Crores made up of 15.9 Crore shares of Rs.5.00 each. Promoter group holds about 77.17 shares and Institutions and bodies corporate hold about 9.90 per cent shares, making a total of about 90 per cent shares. Floating stock is very less.
The company is showing decent profitability and consistent sales performance. The company has a wide sales network and is the most preferred brand of low income households.
If you are reading this in Kashiwala's site, it is original post and if you are reading this in some other site, it is pirated.
The company (Nirma) proposes to acquire an U.S. based company and has established a Subsidiary in U.S. for that purpose. Besides, the company proposes to increase the FIIs holding limit in the shares of the Nirma. Nirma also plans to place shares to QIB at a price to be determined. (Source BSE Site). All these factors augur well for the company.
The company has substantial reserves and net worth. Thus, the book value is tremendous and in due course, may be a bonus candidate.
The share price saw a low of about 145 in November 2007 and rose to a high of over 250.00. Due to overall meltdown, the price has fallen to about 152.00 now, which is almost near the low levels.
Conservative investors can consider investing in shares of Nirma which has a potential of showing at least 30 percent gain within one year.
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