Nandan Exim is currently trading at Rs. 29.50, up by 3.05 points or 11.53% from its previous closing of Rs. 26.45 on the BSE.
The scrip opened at Rs. 27.25 and has touched a high and low of Rs. 30.40 and Rs. 26.70 respectively. So far 1, 22,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 31.40 on 12-Sep-2012 and a 52 week low of Rs. 16.00 on 29-Dec-2011.
Last one week high and low of the scrip stood at Rs. 30.40 and Rs. 25.25 respectively. The current market cap of the company is Rs. 134 crore.
The promoters holding in the company stood at 55.88% while Institutions and Non-Institutions held 3.74% and 40.37% respectively.
Nandan Exim is planning to enhance the production capacity by making capital investment of Rs 250 crore, which will be implemented within period of one year. Out of the total expansion of Rs 250 crore, the financial tie-up of Rs 175 crore has already been made and the balance will be completed by December 2012. Post expansion, the company’s capacity will reach to 100 million meter per annum from the existing 60 million meter per annum. Accordingly, turnover will cross to Rs 1,000 crore.
The company has taken step as the central government has extended Restructured - TUFF Scheme up to March 31, 2013, wherein Textile Industries are eligible for 5% Interest Subsidy and 10% Capital Subsidy on certain machineries. Apart from the above, the Gujarat Government has also come-out with the scheme to boost up the Textile Sector wherein 5% to 7% Interest Subsidy and VAT refund to the extent of investment in Plant & Machinery and Re 1 per unit Power subsidy.
The company has recorded revenues of Rs 573 crore and net profit after tax of Rs 19 crore for the financial year 2011-12. The company has also recorder first quarter revenue of Rs 175 crore and net profit after tax of Rs 6.55, showing growth of 25% in term of revenue and net profit after tax.
| Company Name | CMP |
|---|---|
| Welspun Living | 130.25 |
| Vardhman Textiles | 590.10 |
| Arvind | 382.55 |
| K.P.R. Mill | 930.45 |
| Page Industries | 37647.00 |
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