Scripscan:NILE Ltd
cmp:165
Code:530129
Story:Nile is a different class of company; it operates in the capital goods space and also into commodity space.Nile Limited engages in the manufacture and sale of glass-lined equipment, pressure vessels, and lead and lead alloys primarily in India. Its glass-lined equipment include reactors, reactors with conical bottom, reactors with insulation, jacketed and unjacketed receivers/storage tanks, conical dryers, agitated nutsche filters, heat exchangers/condensers, and columns. The company’s pressure vessels comprise heat exchangers, columns, reactors, cladded equipment, and equipment for low temperature service. Its lead and lead alloy products consist of pure lead, lead antimonial alloys, lead selenium alloys, lead calcium alloys, and lead tin alloys. The company sells its glass lined equipment primarily to pharmaceutical, specialty chemicals, agro chemicals, and other similar industries; and lead and lead alloys to the manufacturers of lead acid batteries, plastic stabilizers, and metal oxides. It also generates electrical energy through wind mills. The company also exports its products.The demand for Lead and Lead Alloys continues to be very strong, and there has been a huge jump in the Company's volumes and profitability.The company has also expanded its capacity to 50,000tons per year from the existing 20,000 tons to meet the huge demand.Nile's joint venture project in The Republic of Georgia also commenced commercialproduction in the last fiscal.It has a tie up with Amar Raja for supplying lead.It is uniquely positioned company with very low equity. It is positioned ideally for a take off from here.I believe that somewhere down the line, value addition is coming to the company’s bottomline in a very big way both from glass line reactors and pressure vessels and lead. I feel that in 2-3 years, Nile can be a multi-bagger.At 165 bucks it merits good attention
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