Nitin Fire Protection
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Showing posts with label Nitin Fire Protection Industries. Show all posts
Showing posts with label Nitin Fire Protection Industries. Show all posts
Sunday, September 18, 2011
Tuesday, February 22, 2011
Wednesday, August 18, 2010
Tuesday, August 17, 2010
Thursday, January 14, 2010
Wednesday, December 30, 2009
Tuesday, November 03, 2009
Wednesday, June 17, 2009
Friday, June 05, 2009
Thursday, December 11, 2008
Nitin fires all cyclinders
Nitin Fire Protection Industries was locked at 20% upper limit at Rs 167.15 at 15:24 IST on BSE, as one of the promoters raised stake in the company.
The company announced the increase in promoters' stake during trading hours today, 11 December 2008.
Meanwhile, the BSE Sensex was down 21.57 points, or 0.22%, to 9,633.33.
On BSE, 31,254 shares were traded in the counter. The stock had an average daily volume of 16,676 shares in the past one quarter.
The stock hit a high of Rs 167.15 and a low of Rs 140.10 so far during the day. The stock hit a 52-week high of Rs 666.90 on 4 January 2008 and a 52-week low of Rs 121.10 on 27 October 2008.
The small-cap stock had underperformed the market over the past one month till 10 December 2008, declining 12.03% as compared to the Sensex's decline of 8.36%. It had also underperformed the market in the past one quarter, declining 55.68% as compared to the Sensex's decline of 34.15%.
The company's current equity is Rs 12.60 crore. Face value per share is Rs 10.
The current price of Rs 167.15 discounts the company's Q2 September 2008 annualized EPS of Rs 18.48, by a PE multiple of 9.04.
Nitin M Shah, a promoter, has increased his stake to 19.47% in the company after acquiring 20,000 shares on 10 December 2008 through open market purchases. The total promoter holding in the company stood at 69.42% as on 30 September 2008.
Nitin Fire Protection Industries' net profit surged 98.6% to Rs 5.82 crore on 157.3% increase in net sales to Rs 31.65 crore in Q2 September 2008 over Q2 September 2007.
Mumbai-based Nitin Fire Protection Industries is a leading end-to-end solution provider for fire protection, safety and security with capabilities in manufacturing, designing, engineering, commissioning and maintenance.
Friday, September 26, 2008
Monday, September 15, 2008
Thursday, July 31, 2008
Saturday, January 12, 2008
Friday, December 14, 2007
Tuesday, October 23, 2007
Nitin Fire Protection gets approval
Nitin Fire Protection Industries Ltd has informed BSE that the Company's subsidiary Nitin Cylinders ltd at Vishakpatnam has received the NZS 5454 type approval required for exports of CNG Cylinders in countries like Pakistan, Bangladesh, Egypt etc.
This will help Company accept orders and export goods to above countries.
Saturday, August 18, 2007
Monday, July 16, 2007
Sunday, June 17, 2007
DLF & Nitin Fire Protection
DLF IPO: On expected grounds
With DLF fixing its share price at Rs 525, the stage is set for the company to join the real-estate listed place. Institutional investors (such as overseas corporates, mutual funds, and insurance and banking companies) together bid for five times the shares earmarked for them.
DLF has stated that almost 90 per cent of the above came from global investors across Europe as also the US. This overwhelming interest of overseas players may be out of their perception of the Indian real-estate, in general, and DLF's business model, in particular.
For one, it is difficult for any global real-estate investor to invest across India, as most of the developers offer limited regional exposure. DLF, which also laid its foundation in the National Capital Region, has now spread its wings, by investing in land across 31 cities in India. For the overseas investors, this offers a single window to play the `Indian real-estate' theme with relatively low concentration.
Two, in the short to medium term, DLF's plans a number of retail and commercial projects. This fits well with the international model, wherein real-estate investors typically derive income mainly from the business of leasing. With the Securities and Exchange Board of India mooting the idea of real-estate funds, DLF, with its scale of operations and relatively superior disclosure of land and projects, may well be an ideal investment candidate for such funds to consider. These two factors may well be reasons for the high institutional interest in this IPO.
That the retail portion of the offer was not fully subscribed does not come as a surprise. Given the stiff pricing, short-term investors looking for listing gains probably perceived the offer as one that left very little money on the table.
What retail investors can expect on DLF's listing, however, is some direction on the valuation levels for large- and mid-size realty stocks, based on their business models. With IPOs of Omaxe, HDIL Puravankara Projects and IVR Prime set to hit the market, clarity on valuations may emerge sooner than it would have otherwise taken.
Nitin Fire Protection: Well-insulated
The stock of Nitin Fire Protection Industries (NFPIL) more than satisfied the street expectations with its strong listing at Rs 332.50 on the BSE, attracting a 75 per cent premium over its issue price of Rs 190. After more than doubling the investors' booty, the stock now trades at about 23 times its likely FY-08 earnings per share.
While valuations appear stiff at the current market price, investors' fancy for the stock may be underpinned by a completely different set of factors. While some part of the optimism could be linked to the company's high growth prospects, a chunk of it is likely to stem from investors' expectations of riding another growth story such as that of Everest Kanto Cylinders (EKC). EKC, a leading player in the CNG cylinder space, has returned more than six times after its listing in December 2005.
Tuesday, June 05, 2007
Debutant Nitin Fire Protection Industries tops volume chart on BSE
The stock settled at Rs 484.10 on BSE, a premium of 154.7% over IPO price of Rs 190. The stock debuted at Rs 332.50, which was also its low of the day. It hit a high of Rs 502.70.
The company had priced its IPO at the top end of Rs 171 - Rs 190 per share price band.
Nitin Fire Protection Industries had entered capital market with initial public offer on 15 May 2007. The IPO ended on 18 May 2007. The IPO ended with 48.04 times subscription. The issue received total subscription for 16.28 crore shares compared to the issue size of 33.90 lakh shares.
Nitin Fire Protection Industries provides fire protection, and safety and security by offering end-to-end turnkey solutions. This business is carried through two wholly owned subsidiaries and one partnership concern. Nitin Fire Protection Industries reported consolidated net profit of Rs 9.99 crore on revenue of Rs 100.54 crore in the year ended 31 March 2007 (FY 2007).
Reliance Natural Resources clocked the second highest volume of 1.22 crore on BSE. The share price rose 3.91% to Rs 35.90.
The scrip had maintained its numero uno slot in terms of volumes on BSE (top traded scrips in terms of trading volumes) for last three days in a row after it had slipped to the second position, last Wednesday, 30 May 2007. RNRL had topped volumes on BSE on 28 May 2007 and 29 May 2007.
On 4 May 2007 an interim order was passed by Justice A M Khanwilkar, preventing Reliance Industries (RIL) from selling off the quantity of gas from its Andhra offshore field committed to younger brother Anil Ambani's entities including Reliance Natural Resources (RNRL) as part of 2005 demerger pact between the two brothers Mukesh and Anil.
RNRL’s net profit jumped to Rs 7.35 crore in the quarter ended March 2007 from Rs 1.04 crore in the quarter ended March 2006. Sales vaulted to Rs 56.33 crore, from Rs 0.41 crore.
GV Films clocked the third highest volume of 91.31 lakh shares. The share price rose 10% to Rs 7.53.
G V Films net profit rose 160.10% to Rs 5.15 crore in Q4 March 2007 as against Rs 1.98 crore in Q4 March 2006. Sales rose 389.74% to Rs 18.61 crore in Q4 March 2007 as against Rs 3.80 crore in Q4 March 2006.
The net profit rose 241.09% to Rs 17.60 crore in the year ended March 2007(FY 2007) as against Rs.5.16 crore in FY 2006. Sales rose 129.78% to Rs 42.74 crore in FY 2007 as against Rs 18.60 crore in FY 2006. The results were announced on 30 April 2007.
Industrial Finance Corporation of India (IFCI) was the fourth highest scrip in terms of volumes on BSE today as 87.96 lakh shares were traded on the counter. The share price rose 2.70% to Rs 47.50.
. From Tuesday, 29 May 2007, NSE allowed taking fresh positions in the derivatives contracts of IFCI. Earlier, NSE had barred taking fresh positions in the derivative contracts of IFCI as the open interest limit had crossed 95%.
On 4 May 2007, IFCI had raised overseas investment ceiling in the company to 74% from 24%. IFCI reported robust results on 3 May 2007. It posted a net profit of Rs 668.43 crore in Q4 March 2007 as against net loss of Rs 1.11 crore during the previous quarter ended March 2006. Operating income rose 40.1% to Rs 1236.11 crore in Q4 March 2007 as against Rs 882.29 crore during Q4 March 2006.
It posted net profit of Rs 898.02 crore in the year ended March 2007 (FY 2007) as against net loss of Rs 74.10 crore in FY 2006. Operating income rose 20.91% to Rs 2070.99 crore in FY 2007 as against Rs 1875.26 crore in FY 2006. The results were announced on 3 May 2007.
SREI Infrastructure Finance clocked a volume of 75.24 lakh shares on BSE. It rose 1.21% to Rs 95.90.
SREI Infrastructure Finance announced on 31 May 2007 during market hours it had reached an agreement with BNP Paribas Lease group (BPLG), the leasing arm of BNP Paribas, for a strategic partnership in equipment finance in India.
The alliance will involve setting up of a new 50:50 joint venture (JV) company. The current infrastructure equipment financing business of SREI Infrastructure Finance along with its insurance broking activity will be transferred to this new JV.
SREI Infrastructure Finance's net profit rose 38.3% to Rs 17.92 crore in Q3 December 2006 compared to Rs 12.96 crore Q3 December 2005. Operating income jumped 40.8% to Rs 93.93 crore (Rs 66.71 crore).
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