nippo buy, buy and buy because...
very high bookvalue 320rs.
very low equity only 3.75crs.
so higher bookvalue and lower equity so , strong fundamental share.
very high fera promoter holding 84%.
very high dividant paying 200%in each year.
very high yearly eps 42rs. and very high yearly sales.
so what a good share nippo is.
with such strong investor friendly company,
its p/e must be higher than many a group companies.
what could be the reason for such a atractive looking low p/e? can somebody throw light?
The company has no expansion/diversification plans. Its performance purely goes with the base metal price which get into the battery. Lead and zinc are the base metals whose price fluctuates very drastically. due to competition it will not be able to pass on the increases instantly. Earlier it used to declare bonus once in every four or five years. now they stopped and instead concentrate on dividend. Free float is only 20 %. Hence, it will be a market performer. Earlier i used to be a fan of this scrip. No market fancy too and not much EPS growth can be expected. even quarter to quarter the profits will swing
hence, try some other market fancy scrips.
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