Latest News
-
1:3 Bonus Share, Rs 13.25/Share Dividend: Buy Maharatna PSU, TP Rs 355, Fundraise Approved -
Results, Dividend, Fundraise On April24: Buy Top Bank Stock Amid Rich Valuation, TP Rs 1400: Nomura -
1:4 Bonus Shares, Rs 7 Dividend: Big Update Announced; Buy The FMCG Stock? -
1:10 Stock Split: 1 Rs 980 Smallcap Has Split Into Ten Shares; Check Out New Price Level, Fundamentals! -
Rs 2.50/Share Final Dividend: Record Date In Due Course; Buy The ITC Group Stock? -
Rs 95/Share Dividend: Record Date On 28th June; Buy Mahindra Group Stock To Be Eligible? -
5 Bonus, Rs 28/Sh Dividend: IT Giant Infosys Beats Estimates In Q4FY24, But ADR Falls Sharply; Here's Why! -
1:10 Stock Split Approved: Small Cap Stock Issues Warrants, Shares Gain 111% YTD -
Wipro Q4 Results Preview: Weak Demand Likely To Drag Revenue Sequentially, EBIT Margins Seen Stable -
Rs 6/Share Final Dividend Declared: Buy The Blue Chip Stock To Be Eligible?
NCML IPO Opens on December 29; Should You Invest?
NCML Industries is one of the leading edible oil importing, manufacturing and marketing Companies of India with international presence. NCML Industries plans to enter the capital markets by selling 60 lakh equity shares through its IPO.
Issue Detail:
Issue Open: Dec 29, 2014 - Jan 2, 2015
Issue Type: 100% Book Built Issue IPO
Issue Size: 6,000,000 Equity Shares of Rs. 10
Issue Size: Rs. 60.00 - 72.00 Crore
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 100 - Rs. 120 Per Equity Share
Why you should avoid this company?
- The company is having some internal risk associated with it such as
- The company depends significantly on imports of raw materials in addition to domestic suppliers.
- Company has certain contingent liabilities which may adversely affect our financial position
- There has been a conflict of Interest wherein our promoter company and our group companies
- are involved in the same line of activity in which our company is involved.
- The company has entered into number of related party transactions, which may involve conflict
- of interest.
- Availability of inadequate labour, work stoppages and other labour problems could
- adversely affect our business.
- We do not have long-term contracts with suppliers and typically operate on the basis
- of purchase orders.
- The company has not paid any dividend in the past out of our earnings.
Valuations
On the valuations front the price may not be very steep considering that the weighted EPS for the last three years has been around Rs 23. This translates into a p/e of around 5-6 times of the price band of Rs 100-110. However, there are many risk factors which make investment in the company a slightly risky proposition.
GoodReturns.in
