Nicco Parks & Resorts Ltd:-A great business model and a solid buy

Scripscan:Nicco Parks & Resorts Ltd
Code:526721
Cmp:41

Story:Nicco Park in Kolkata is located at Jheel Meel in Sector IV of Salt Lake City which is sited in the north-eastern outskirts of the city. Nicco Park, one of the very famous and largest amusement parks in the east,Nicco Park started its operation from 1991 and since till date it has been amusing people of all ages. For kids Nicco Park in Kolkata is a Disneyland. Generally Nicco Park attracts crowds on weekends and holidays from the suburbs of Kolkata. Some of the very well known rides that you must try at Nicco Park are Cable Car, Water Coaster, Flying Saucer, Cyclone, Water Chute, River cave, etc. Recently a water park named "Wet-O-Wild" has been opened up within Nicco park but the charges for both are different.Nicco Park in Kolkata is a perfect picnic spot as it is surrounded by greenery. It has a very beautiful rose garden which is an added attraction along with the fun rides. Nicco Park also consists of an in-house Food Park that offers you some lip smacking Indian, Continental and Chinese cuisines. Apart from this, Nicco Park have several small stalls run by the reputed restaurants of the city.Now the company owns 40 acres of prime land in saltlake,kolkata.Its adjacent to wipro bpo in em bypass,kolkata.Now I am leaving the land bank valuation to you people by sharing a fact.The kolkata municipal corporation sold 5 acres of land at a reserve price of 255crs.So put a calculator on and calculate the land bank price at your own metrics.I have been to nicco park recently,honestly a great place to be in.A full recession proof robust business model.Company pays a decent dividend and its very consistent on it.Amusementpark business is set to be a sunrising business model and nicco park stands to gain the most.At 40 bucks and at 18 crores marketcap it looks to be a great buy.