Background
-Promoted by Nitin Shah manufacturing Fire extinguishers and fire fighting equipments
-Existence in fire protection space since 29 years, have expanded foot hold not only in India but also in United Arab Emirates, South Asia & Europe.
-NFPIL is associated with Beijing Tianhai Industry Company Ltd. (B.T.I.C), China for contract manufacturing of High Pressure Seamless Cylinders for Industrial Gases(BTIC got manufacturing capacity of 1.5 million cylinders per Annum )
-Diversification in CNG by forming Nitin Cylinders Ltd., Manufacturer’s of High Pressure Seamless Cylinders, having manufacturing facility at Vishakapatnam SEZ, Andhra Pradesh and Divestment joint venture with Worthingtion Industries limited
-Acquired 40% stake in a Dubai based fire protection company ‘NEW AGE COMPANY – LLC’
Major Clients
INOX Air Products, Indraprastha Gas Limited (IGL), BOC, Praxair, Air Liquide etc.
Positives
-large scale fire protection system installation across india (5000 direct and 20000 indirect)
-Revenue increase by 44% post Middle East venture
- Factors contributing growth
A) Increasing awareness through media for protection from fire
B) Threat of heavy losses due to fire
C)Strict rules by Governement for fire protection
-55% of revenue comes from UAE
world expo 2020 will be held in UAE will push the growth further in this market.
Negatives
-Despite a lot of media,ignorance is still there among small and medium companies and cooperative residential societies which hinders it's growth
Conclusion
At Cmp 36.5,it's superbly attractive !!a definite buy!!
Your blog is well written and helpful. Thanks for sharing an informative and nice post on FIRE PROTECTION - Value Pick Multibagger.
ReplyDeleteFire Protection Manchester .
Please could you update on the multibagger. The stock price is in very bad - hitting lower circuits daily.
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