NAVNEET PUBLICATIONS LTD: BSE CODE 508989
NAVNEET was floated by the NAVNEET Group of Companies managed by Gala Family Members who have an enviable reputation of over 46 years in the field of Educational Books Publishing.
Since 1959, Navneet has been a major force in the dissemination of knowledge. NAVNEET is a dominant player in the field of educational books publishing, publishing more than 4000 titles every year in English, Hindi, Marathi and Gujarati.
In 1987, to further strengthen and consolidate the business of book publishing, NAVNEET installed ultramodern printing press at Dantali, District Gandhinagar, Gujarat. By 1991, sophisticated printing and binding machineries had been imported to complete the modernisation-cum-expansion plans of the company.
In 1993, NAVNEET installed machinery to manufacture paper stationery products at Vasai near Mumbai. The company also installed State-of-the-Art 'Note Book on-line' machine in 1995 at Daman. The operations at Daman have since been shifted to more specious factory at Silvassa.
Over the decades, NAVNEET has emerged as an educational products and services company in India. The company's products are sold under the 'Navneet', 'Vikas' and 'Gala' brand names.
NAVNEET's portfolio of syllabus based Books includes high quality books, supplementary books like Guides and 21 Question Sets among others in four languages, English, Hindi, Marathi and Gujarati. The company has a dominant market share in Gujarat and Maharashtra.
NAVNEET also produces various titles in the children and general books category, which are not based on syllabus, such as activity books for children, health series books, cookeries, mehendi,feng-shui etc.
The company enjoys leading position in premiere stationery markets in India, the Middle East, parts of Africa, U.S.A. and Europe. (Source Company Website)
NAVNEET was floated by the NAVNEET Group of Companies managed by Gala Family Members who have an enviable reputation of over 46 years in the field of Educational Books Publishing.
Since 1959, Navneet has been a major force in the dissemination of knowledge. NAVNEET is a dominant player in the field of educational books publishing, publishing more than 4000 titles every year in English, Hindi, Marathi and Gujarati.
In 1987, to further strengthen and consolidate the business of book publishing, NAVNEET installed ultramodern printing press at Dantali, District Gandhinagar, Gujarat. By 1991, sophisticated printing and binding machineries had been imported to complete the modernisation-cum-expansion plans of the company.
In 1993, NAVNEET installed machinery to manufacture paper stationery products at Vasai near Mumbai. The company also installed State-of-the-Art 'Note Book on-line' machine in 1995 at Daman. The operations at Daman have since been shifted to more specious factory at Silvassa.
Over the decades, NAVNEET has emerged as an educational products and services company in India. The company's products are sold under the 'Navneet', 'Vikas' and 'Gala' brand names.
NAVNEET's portfolio of syllabus based Books includes high quality books, supplementary books like Guides and 21 Question Sets among others in four languages, English, Hindi, Marathi and Gujarati. The company has a dominant market share in Gujarat and Maharashtra.
NAVNEET also produces various titles in the children and general books category, which are not based on syllabus, such as activity books for children, health series books, cookeries, mehendi,feng-shui etc.
The company enjoys leading position in premiere stationery markets in India, the Middle East, parts of Africa, U.S.A. and Europe. (Source Company Website)
If you are reading this in Kashiwala's site, it is original. In any other site, it is pirated.
The share capital is 19 Crores, divided into 9.5 Crore shares of Rs.2.00 each. The promoters of the Company hold 62% stake in the Company. About 15% stake is held by Financial Institutions/FIIs etc. The remaining about 23% shares are held by public. The company has substantial reserves of Rs.186 Crores as at March 2007. It is expected to be more by the time FY 2008 results are announced.
Since the company deals in text books etc. used mostly in schools, for obvious reasons, the profitability for Ist quarter, viz. April – June in any year is generally higher than any other quarter. Therefore, YOY results show a better comparison.
The share price was hovering between 70 – 80 for quite some time in Sept. 2007 to November 2007 and started climbing to reach a high of about 160 in January 2008. It is now hovering around 85 levels.
Conservative investors can add Navneet Publications to their portfolio at the current price of around 85 or so, with a clear expectation of 25-30% increase from the current levels in one year. On a longer term basis, with the book value over 10 times the face value of the shares, this could be a potential bonus candidate.
Disclaimer: This report has been prepared solely for information purposes and the investment is the sole decision of the investor. Such information is impersonal and is not an inducement to invest. The information contained herein has been obtained from sources believed to be reliable and author accepts no responsibility for the accuracy of its contents. Investors are advised to satisfy themselves fully before making any investments or committing themselves and should consult their own financial consultants whether and how to use such information in making any investment decision. The author accepts no liability arising out of use of the above information/ article.
Kindly note :
a) We advise only regarding fundamentally strong and performing companies. The companies may be mostly profit making and in a few cases, they may be turn around companies.
b) Please go through our fundamental analysis carefully, verify the facts and figures (if you need to) and only then invest.
c) We expect investors to have a time horizon of at least one year and more.
d) We do not advise for short term investing, which is risky.
e) Despite all these, we do not take any responsibility for your financial matters. Investment is solely your decision.
(AJAY SINGH RATHORE)
No comments:
Post a Comment