Friday, 20 June 2014

NHC Foods - BUY


Only listed on BSE - Scrip code: BSE: 517554
CMP (Rs.): 41.35

Company info:
  • NHC FOODS LTD is a one stop shop for all ground & blend spices in the Indian Spice Range.
  • The company has advanced infrastructure:
    • Safety net installed so that no bags drop off when container opens
    • Latest Buhler cleaning plant
    • Facilities for hygienic packaging
    • Z series color Sortex
    • Machines for grading
  • The company also deals in export of Spices, Oil seeds, Raisins, Chick peas, Animal feed, Pulse & Rice, etc.
Unique Selling Proposition:
  1. Company is food business, so has huge potential of growth in India.
  2. Company is a government registered Star export house
  3. Company has recently bagged order from Central Police Canteens
  4. Huge potential of growth for Agro cum Food business 
Financials:
 

Mar '14
Mar '13
Mar '12
Mar '11
Mar '10
Revenue
140.21
133.91
90.68
73.11
0.52
PBT
2.18
2.39
0.75
0.48
-0.27
PAT
1.55
1.61
0.46
0.45
-0.2
EPS
2.6
3.59
1.42
1.39
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Target:
Target the stock to reach Rs.50-55 in a 2 years time.
Stock suitable for investors having patience.





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