Nitco Pdf

[Reney Shammo]

If we type in Managements name + scam in search engines quite a handful of articles pop up. Illegal land allotment, 2009 duty scam , and some non company real estate cases. Management does not inspire confidence.

)- its floor tiles and marble business started in 1950s. Marble segment is at negative growth. Tiles segment inspite of incresed sales in previius financial year is showing losses quarter after quarter.

But.atleast here in TN smaller players like anuj , ambani have their local distribution and dealers. Even some up end house builders prefer them!!( on enquiry the dealer said they are as good as branded names!)

)- The Brand NITCO still has some value. On checking with dealers NITCO tiles has some shelf space even in tier 2 - 3 towns . In areas where kajaria is unheard of. I dont think the end user will insist on looking at company balance sheet before making a purchase. If they are able to convince people with their design, their dealership network establised over the years wont allow them to go listless. The tiles business can return to the profitable path. They have stopped or heavily reducing their chinese imports beacause of the rupee dollsr devaluation. It has entered into partnerships , jv with local companies in gujarat. Saving heavily on transport etc

This is at best a speculative stock. Its dirt cheap , but ts been that way for a few years. Its just my opinion that its been punished badly for the losses and for its foray into real estate. Too badly to bring p/bv to 0.10 .

( I have no knowlege of real estate market in Mumbai. I just feel its beaten down for being in real estate business in this slowdown. It may easily recover with overall improvement in economic climate.)

currently , even the healthier tile sector companies like somany , orient bell are available at decent valuations and they are correcting along with the sector leader kajaria. Both these companies have decent quality promoters with good track record.i would much rather bet on these than nitco. There is more certainity of capital appreciation from somany or orient than a favourable turn around in nitco which might not come or might take too long .

Mr Ashok k goyal a IITian appointed as the new ceo. The stock continues to go down further. Members who have knowledge about mumbai real estate market please share your thoughts. As its fortune anf revival directly depends on it.

Now with fresh equity and JM financial coming on board, the company can focus on core business and try and grab the opportunity which affordable housing, uptick in real estate is presenting in the next few years.

To learn more about how NITCO is providing top technological services to the Region, visit its website at nitco.com. To start your fulfilling career at NITCO today, check out the available positions at nitco.com/careers.

Above are the words made by unscrambling N I T C O (CINOT).Our unscramble word finder was able to unscramble these letters using various methods to generate 29 words! Having a unscramble tool like ours under your belt will help you in ALL word scramble games!

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