Buy Nilkamal, target Rs 1780: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Nilkamal Ltd. with a target price of Rs 1780. The current market price of Nilkamal Ltd. is Rs 1708.75 Time period given by the analyst is Intra Day when Nilkamal Ltd. price can reach defined target. Kunal Bothra recommended to keep stop loss at Rs 1660. Nilkamal Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 2549.89 Crore) operating in Plastics sector.

Nilkamal Ltd. key Products/Revenue Segments include Plastic Articles which contributed Rs 2080.14 Crore to Sales Value (99.29 % of Total Sales), Sale of services which contributed Rs 6.84 Crore to Sales Value (0.32 % of Total Sales), Other Operating Revenue which contributed Rs 5.20 Crore to Sales Value (0.24 % of Total Sales), Scrap which contributed Rs 2.66 Crore to Sales Value (0.12 % of Total Sales) and Others which contributed Rs .01 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 596.06 Crore, up 14.01 % from last quarter Sales of Rs 522.81 Crore and up 12.07 % from last year same quarter Sales of Rs 531.87 Crore Company has reported net profit after tax of Rs 33.82 Crore in latest quarter.

The company’s top management includes Mr.Hiten V Parekh, Mr.K R Ramamoorthy, Mr.K Venkataramanan, Mr.Mahendra V Doshi, Mr.Manish V Parekh, Mr.Mufazzal S Federal, Mr.Nayan S Parekh, Mr.S K Palekar, Mr.Sharad V Parekh, Mr.Vamanrai V Parekh, Ms.Hiroo Mirchandani. Company has Vora & Associates as its auditoRs As on 31-03-2018, the company has a total of 14,922,525 shares outstanding.