Nirma
Printed From: The Equity Desk
Category: Investment Ideas - Creating winning portfolios!
Forum Name: Stock Synopsis
Forum Discription: A bried discussion of companies on very specific matters. Normally this is the prelude for further research as always members would be discussing quality companies with good management only
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=2688
Printed Date: 20/Apr/2025 at 8:21am
Topic: Nirma
Posted By: Vivek Sukhani
Subject: Nirma
Date Posted: 26/Feb/2010 at 4:17pm
http://www.nirma.co.in/pdf/31st%20december%202009.pdf - http://www.nirma.co.in/pdf/31st%20december%202009.pdf
Although sales for the soaps and detergents have declined, but the profits are very significantly up.
What attracts me to Nirma is a good brand company, with presence in industrial segments as well. And its high depreciation per share is another added attraction. ------------- Jai Guru!!! |
Replies:
Posted By: Vivek Sukhani
Date Posted: 26/Feb/2010 at 4:22pm
|
What turns me slightly off is the kind of website they have. Most of the product descriptions seems to have not been updated for long.
At market cap less than its turnover, its attractive, valuations-wise. How much value we must attach to the 'ergonomics', is a matter of individual choice. Personally speaking, I am comfortable with a company, with a decent brand, available at about 6-7 times cash earnings. ------------- Jai Guru!!! |
Posted By: manish_okhade
Date Posted: 28/Feb/2010 at 10:49pm
| I analyzed Nirma sometimes back and my observation is that mgmt is quite lumpy in giving consistant growth. |
Posted By: Vivek Sukhani
Date Posted: 28/Feb/2010 at 8:41am
Price is the Real Lord, my lord!!!!!
------------- Jai Guru!!! |
Posted By: manish_okhade
Date Posted: 01/Mar/2010 at 12:33pm
|
Vivek,
Can you explain the significance of "(Increase)/Decrease of stock in trade" part? For 9 months its far less than prev years. It seems to be increasing the profit margin.
Does it mean Nirma has invested in the past on big capex and reaping the rewards now?
|
Posted By: Vivek Sukhani
Date Posted: 01/Mar/2010 at 7:17pm
------------- Jai Guru!!! |
Posted By: subu76
Date Posted: 01/Mar/2010 at 10:56pm
|
The company is into
1. soaps
2. pharma products
3. Mineral processing
4. and now cements.
|
Posted By: excel_monkey
Date Posted: 02/Jun/2010 at 9:04pm
VALUE ALERT As per 2010 numbers it is now quoting at price to cash earnings per share of less than 5. Great brands as well as a growing pharmaceuticals business I suspect commodities contribute a majority of revenues But the company has been consistently and amply profitable I would buy if I was a loooong term investor |
Posted By: excel_monkey
Date Posted: 02/Jun/2010 at 3:43am
Nirma is a mix of FMCG and commodities business ROCE is not comparable to that of other FMCG companies it has been generating good amount of cash which has been deployed in acquisitions. They acquired Core Healthcare in 2004 and later a USA based mineral company I don't understand why their Pharma business is still making losses they acquired a 1000 crore facility for 300 crore (650 acre plant) near Ahmedabad I see valuation as major attraction at the current levels |
Posted By: subu76
Date Posted: 10/Oct/2010 at 1:26am
Nirma is now planning to delist from the stock market.... 
Weird....let's hope they give a good deal to their share holders after not having given them anything to cheer about for a long time
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Posted By: excel_monkey
Date Posted: 11/Nov/2010 at 7:09am
| Vivek do you think that the de-listing would be successful? |