Skip to main content

Stock Watch - Nitin Fire Protection

Nitin Fire Protection Industries Ltd. is a leading fire protection, a safety, securities and Intelligent Building Management system, High Pressure Seamless Cylinder and Refuelling systems company in India. Nitin Fire operates in two business segments — fire protection, safety and security systems, and high-pressure seamless cylinders.

In the fire protection business segment, it is an end-to-end solutions provider with capabilities in manufacturing, designing, commissioning and maintenance.Further, its client base, which consists of companies such as ONGC, Reliance Industries, Credit Suisse and Nokia, also lends more visibility to the segment's earnings.

NFPIL's competitor Everest Kanto Cylinder - EKC continues to hold more than 75% market share in the Indian CNG cylinder market and about 10% globally.
Nitin Fire continues to ramp up its cylinder manufacturing operations at the Vizag SEZ. Expects capacity at the plant to double to 500,000/year by 1QFY2010E and foresee utilization levels improving from about 51% in FY2009E to about 60% in FY2011E. Lower steel prices will also benefit Nitin Fire.

Nitin Fire is expected to report an EPS of Rs 27 and Rs 32 for FY09 and FY10 respectively. Investors with long term view and risk appetite for small caps can BUY the stock which can give good returns from current levels.

Popular posts from this blog

Historical Sensex Returns Updated - 2024

Historically Sensex has given returns of about 15% per year, despite volatility and price fluctuations of about -20% to +60%. The following table shows S&P BSE Sensex historical data - start  & close values and the yearly returns of the sensex from 2000 to 2024. So far during the year the   index has hit an all-time high of  75,124   and despite markets hitting all time highs not all stocks make all-time highs. There are many stocks still below their highs. Stocks like HDFC Bank, ITC, Asian paints are still well below their highs and some of them have given low returns over last 3-5 years. Individual or Retail investors can achieve consistent returns through investing via mutual funds , whether it be active or passive. Chasing returns from individual stocks is futile. Be a wise investor !

Mutual Funds - How to modify KYC or do rekyc?

Last year SEBI issued a circular effective April 1, 2024 regarding KYC norms for the securities market. This has created a lot of confusion among investors and intermediaries, whether who has to do rekyc and who need not? First check your KYC status from CVL KRA . If the 2nd column says KYC VALIDATED, then you are good to go - no action required. You can invest and redeem all the funds. If it says registered, you can invest in existing Fund houses. You have do rekyc to invest in new fund houses/ schemes. If it is on hold, you have to do rekyc.  You can do rekyc completely online from the AMC's websites, links of which are given below: Bandhan Mutual Fund - Bandhan Canara Robeco Mutual Fund - Canararobeco DSP AMC - Dsp Franklin Templeton Asset Management Franklintempletonindia HDFC Mutual Fund Hdfc ICICI Prudential Mutual Fund Icicipruamc Kotak Mahindra Mutual Fund  Kotak SBI Mutual Fund  Sbi Investors having KYC status of  'Registered' or 'On Hold' can complete thei...