NILE is a Hyderabad based multi division company.It is in the field of Glass lined equipments,Pressure vessels and lead and lead alloys. In glass lined equipments company is competing with GMM Pfaudler and won a hostile takeover attempt by GMM.Major chemical and pharma companies including Cydus,Cipla,Aarti,Atul ..etc are company`s customers in this segment.Now company is paying much attention to lead and lead alloy segment and commissioned a new plant at Thirupathi in last qtr.
Comapny is making lead through recycling method and Amar Raja Battery is the major customer of NILE in this segment.Now company is going to start commercial production in its new lead plant in Republic of Georgia which is a joint venture with a local company.
It has an equity capital of just 3 crore and promoters are holding 46 %. Recently main promoter is actively buying from open market to increase his share holding. Due to sharp crash in lead prices company has posted a loss of 2.2 crore in FY 08-09,whre it had posted 6.5 crore profit in 07-08.Now lead prices improved sharply and due to this company posted an EPS of Rs.7/- in september qtr.Adding the small loss loss posted in first qtr company posted H1 EPS of 4.75 and expected to continue the perfomance of September qtr (EPS of Rs.7/) in the coming two qtrs.Considering the companys recent capacity addition and improving the price of it products it is expected to post excellent results ahead.
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