Scripscan:Nath Seeds Ltd
cmp:14
Code:526576
Story:The company has been majoring on cotton seed over the last few years.However,it has now begun to concentrate on other crops,especially Paddy and then subsequently wheat thereby changing the product mix of the company.Nath is also concentrating on Research & Development,with a focus to release new hybrid seeds every 2-3 years.Agriculture remains a pivotal part of the Indian Economy despite the emergence of other sectors and decreasing GDP Share.The Agri-inputs industry produces products that provide essential support to modern agriculture. The Seed is one of the most crucial inputs in agricultural production.Company is now dealing in all types of Hybrid seeds.The main stay of the company is cotton seed, for which it has already developed a BtSeed, suitable for Indian Markets.Though the company operates in a sun rising industry but I have really doubt on the integrity and efficiency of the management.Nath seeds over the years has had a bad repute with company once getting suspended from trading for a long time.Also its name got further tarnished as strong rumuors floated in the market of its association with a dubious operator.The company in fy10-11 reported a sales of 16crs which has seen a drastic drop from 28crs in fy09-10.It came in green with a profit of 1cr vs a loss of 70 lakhs,the same has been majorly contributed by the land sell which fetched 79 lakhs.Surprisingly in the 1st of quarter of the present year it reported a huge 20crs sales with an amazing 6crs profit.I have really no idea about what resulted in such a performance and specially the high NPM which emerged from nowhere.Who knows maybe the stunt in again going on in the open gallery.Corporate governance has never been in vogue for this particular company.Remains a sell on rally counter for me.
Search This Blog(Over 800 companies covered in the blog).
Please note
Archives : Old artciles
Subscribe to:
Post Comments (Atom)
Important Disclaimer&Privacy policy
This blog does not share personal information with third parties nor do we store any information about your visit to this blog other than to analyze and optimize your content and reading experience through the use of cookies.You can turn off the use of cookies at anytime by changing your specific browser settings.This privacy policy is subject to change without notice and was last updated on 20.3.2013. If you have any questions, feel free to contact me directly here: arunsharemarket@gmail.com
Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.
No comments:
Post a Comment