STOCK : NAGREEKA EXPORTS LTD. Trading in BSE CODE : 521109 & NSE
Equity : 6 Cr
Promoters Holding : 53%
Face Value : 5/-
EPS :7/- above (As per 20010-11 June Quarter) Estimate d EPS for Full Year above 9/- ( Expansion Income )
Book Value: 67/-
Dividend History : 2008 --- 15%; 2007 ---- 15%; 2006 ---- 25%; 2005 ---- 20%
Reserves : 73 Cr with Small Equity 6 Cr.
NAGREEKA EXPORTS LTD Having good land Bank and Assets nearly 99 Cr with Equity 6 Cr.
For 2010-11 June Quarter Posted Net Income of 150 Cr and Net Profit of 2.15 Cr with Equity 6 Cr. As per This EPS is 7.5/- Annualized But in coming Quarters Expanding Income will add So Expecting EPS for 2010-11 is 9/-. Stock Trading at 35/- PE just 4 Industry PE is 14. As per this Stock will zoom to 65/- levels in 1 month time.
Nagreeka Group is a leading Indian manufacturer and exporter of cotton yarn, knitted fabrics, aluminium converted products such as cable wrap polyal tapes, polyester tapes/Laminates and heat shrink wrap around sleeves / jointing kits. It has a turnover of over US$60 million. Nagreeka has won numerous awards for out standing export performance. With state-of-the-art machinery and a committment to customer satisfaction, Nagreeka is ideally suited for supplying world class quality goods.
Textiles Division
Nagreeka Exports Ltd. (NEL) is a 100% export oriented unit (EOU) and caters to the requirement of its valued customer. NEL has set up its own manufacturing facilities cotton yarn and knitted fabrics. NEL has the rare distinction of winning the President's award for outstanding export performance and also the Cotton Textile Export Promotion Council award for the exports to non quota countries.
Foils Division
Nagreeka Foils Ltd. (NFL) is an established manufacturer of aluminum foil laminates. Its main products are plastic clad metal tapes for Cable wrapping i.e. plastic clad Aluminum, Steel & Stainless steel tapes used in jelly filled telephonic cables, optic fiber cables, coaxial & copper pair cables.
Heat Shrink Product Division
Mala Overseas Pvt Ltd has been established for manufacturing Heat Shrink products like telephone cable joint closure/kit and wrap around sleeves. These products have been approved by BSNL, Government Of India as per D.O.T (Department Of Telecom) specifications. These jointing kits/wrap around sleeves are supplied for telephone cable from 5 to 1200 pair.
Nagreeka Exports Ltd. has a meticuosly planned manufacturing plant located at Kolhapur (400kms from Mumbai). It's ideal location & proximity allows for easy accessibility abundant power supply and low transportation costs. The plant has a capacity of 26208 spindles and produces 12000 kgs of worldclass, high grade 100% cotton yarn in the count range from English count (Ne) 24's to 60's with an average count of Ne 30's single and double combed as well as carded suitable for quality knitting and weaving. The entire production is exported to Korea, Mauritius, Taiwan, Hongkong, Italy, Bangladesh, Turkey, Cyprus, Canada, Germany, Switzerland, Singapore, Malasiya, Dominican Republic.
NEL has opened up new horizons in impeccable technological frontiers with an optimum mix of hi-tech machines with high calibre personnel and an environment to foster high performance results. At NEL we have brought together one of the world's best line up of machinery and equipment, part of which has been specially imported from Switzerland & Germany. The company uses a composition of indigenous and imported machinery for the purpose of meeting stringent quality norms required by International markets
Nagreeka Foils Limited is a part of the Nagreeka Group of Companies with an annual group turnover exceeding US$70 million, out of which exports account for more than US$35 million.
The Group has a significant presence in Textiles and Plastic Clad Metal Tapes for Cable Protection.It is the largest plastic clad metal tapes, Pre coated Aluminium & Finstock, Heat Shrink Products & Cable Joining Kits producser in India. We manufacture Poly coated aluminium foil tape for Petroleum Jelly Filled Telephone cables & Power cables, Plastic clad Stainless Steel Tapes and Plastic clad Steel (Chrome coated) tapes for armouring of Optic Fiber Cables. Our state-of-the-art manufacturing facility with capacity of 20000 MT per annum, is strategically located near Mumbai Port, India. Top-of-the line machinery has been deployed here backed by highly qualified and trained team of professionals.
We are a professionally managed ISO9002/14001 Company accredited by KPMG Peat Marwick. Our manufacturing facilities are located near Mumbai Port and have a capacity for producing 15,000 metric tonnes per annum. Nagreeka Foils has opened up new horizons in impeccable technological frontiers with hitech efficient machines, high calibre personnel and a challenging working environment to foster high performance. Nagreeka Foils spells quality conforming to International Standards. We have a single minded dedication to top quality, timely deliveries and customer service. This is portrayed through Company culture, organisational strength and technical knowhow. In fact every single meter of tape produced is monitored for critical quality parameters. Nagreeka Foils concentrates on producing plastic clad metal tapes and is completely focussed on its business.
Quality, competitiveness, timely delivery and customer service are its main pillars of success. Nagreeka foils is driven by the concept of offering Best in Class service to its customers.
Mala Overseas Pvt Ltd is a part of the Nagreeka Group of Companies with an annual group turnover exceeding US$60 million, out of which exports account for more than US$35 million. It is a professionally managed ISO9001 Company accredited by KPMG Peat Marwick.
it has been established for manufacturing Heat Shrink products like telephane cable joint closure/kit and wrap around sleeves. These products have been approved by BSNL, Government Of India as per D.O.T (Department Of Telecom) specifications. These jointing kits/wrap around sleeves are supplied for telephone cable from 5 pair to 1200 pair. The wrap around sleeves are also used for of welded joints of oil/gas/water pipe lines.
For 2010-11 June Quarter Posted Net Income of 150 Cr and Net Profit of 2.15 Cr with Equity 6 Cr. As per This EPS is 7.5/- Annualized But in coming Quarters Expanding Income will add So Expecting EPS for 2010-11 is 9/-. Stock Trading at 36/- PE just 4 Industry PE is 14. As per this Stock will zoom to 65/- levels in 1 month time.
Positive Points for this stock for Up moving:
1) Company is in cotton yarn, knitted fabrics, aluminium converted products such as cable wrap polyal tapes, polyester tapes/Laminates and heat shrink wrap; company Circle people and Operators are accumulating at current price. Because Company Stock Good Value at 36/- Good Profit making company and Book Value at 67/- and Good dividend paying company.
2) Equity is very small at 6 Cr promoters Holding 53%
3) Good Profit Making Company for 20010-11 EPS 7.5/- Annualised and Expecting EPS for full year is above 9/-because Expansion income and Power Generation Income will add next Quarters.
5) Company having Good Reserves 65Cr with Equity Just 6 Cr and Good Land Bank.
8) FII's Eyes in this stock. If they will start buy Stock will zoom to 150/- levels.
9) Risk Free at Current Market Price, Its very Cheap price Trading at 36/- Compare to companies Reserves, Assets and Value and Equity and Profits and Future Plans and Wind power Generation.
Happy Invest ……….. Good Fundamentals and will give good returns from 100% to 500% returns with short and medium terms and Long terms.
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