Nitta Gelatin India Ltd.

 ABOUT 

Nitta Gelatin India Ltd is primarily engaged in the manufacture and sale of ossein, gelatin and collagen peptide.

KEY POINTS 

Product Portfolio
The company's product portfolio includes wellnex collagen peptides, gelatin, Di calcium phosphate, chitosan, and a few consumer products. The products are used for pharmaceutical, agricultural, industrial, and food applications. 

Export Presence
The company exports the majority of its products to 35+ countries including Japan, the USA, Canada, and the European Union countries.  In FY22, exports accounted for ~53% of revenues compared to 40% in FY20. 

Manufacturing Facilities
The company operates 4 manufacturing facilities; 3 located in Kerala and 1 in the state of Gujarat. Operations have been disrupted at its ossein plant in Ko ratty, Kerala, due to an agitation pertaining to the alleged pollution due to effluents discharged by the plant. Further, the factory located in Gujarat remains a concern primarily due to frequent disruptions caused by problems encountered in the marine discharge pipeline laid by the local authorities.

Bamini Proteins Ltd (~83% stake) - It is a subsidiary of the company and is a producer of Ossein and Dicalcium phosphate in India. It has an installed capacity of 2,652 MTPA for ossein and 6018 MT of Di-Calcium Phosphate.

Support from Promoter
Co. has technological tie-up and operational linkages with Osaka-based NGI (which holds a 43% stake in the co.), a leading gelatin manufacturer in the world, and enjoys considerable brand equity. Sales to the entities of Nitta Group accounted for ~46% of total revenues of the company in FY22.

CMP 892.

ROCE 33.5%.

PROFIT VAR 3Yrs 82.49.
PROFIT VAR 5Yrs 73.67%.

Sales var 3Yrs 18.22%.
Sales var 5Yrs 10.57%.

ROI 29.16%.

TECHNICAL CANDLESTIC CHART

ANALYSIS

👉 Nitta Gelatin India Ltd reported revenue of 5.7B for FY 2023,  
      an increase of 11.74% compared to FY 2022. Net income grew 113.58% to 703.1M.

👉Nitta Gelatin India Ltd reported cash flow of 1.0B for FY 2023,  
     an increase of 491.00% compared to FY 2022.

👉Nitta Gelatin India Ltd Reported Earnings Per Share (EPS) of 75.0 for FY 2023, 
     an increase of 105.83% compared to FY 2022.


👉 TECHNICAL TREND SUPER BULLISH ON LONG TERM CHART.

👉 COMPANY HAS REDUCED DEBT.

👉 COMPANY HAS DELIVERED GOOD PROFIT GROWTH OF 72.7% 
      CAGR OVER LAST FIVE YEARS.

👍 POTENTIAL TARGET 1200 / ROI EXPECTED 33%

👉 TIME FRAME 3 TO 6 MONTH
 
                                                                                                             Research By: - Anil Karanwal

                                                                                                                             🤙 9149213500 








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