Nilkamal Plastics – More then just Plastics

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Topic: Nilkamal Plastics – More then just Plastics

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prosperity Senior Member Joined: 01/Sep/2006 Location: India Online Status: Offline Posts: 546	Posted: 20/Sep/2006 at 3:01pm
	What is a good entry level ? Should we wait for it to fall before entering ?
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Ajith Senior Member Joined: 06/Aug/2006 Location: India Online Status: Offline Posts: 1284	Posted: 20/Sep/2006 at 3:56pm
	Market cap looks small given potential size of Nilkamal's business.
	Ajith
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prosperity Senior Member Joined: 01/Sep/2006 Location: India Online Status: Offline Posts: 546	Posted: 22/Sep/2006 at 5:09pm
	Basantji, Just saw that in your initial report of this company, the EPS estimates for FY08 are almost double than of FY07 !! Do you really believe SSKI EPS estimates for FY08 - where would the increase in EPS come from ? @home ? The the PE should get halved ! And then it looks to me a screaming buy .. Kindly comment !
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basant Admin Group Joined: 01/Jan/2006 Location: India Online Status: Offline Posts: 18403	Posted: 22/Sep/2006 at 5:23pm
	It did seem surprising to me when I first had a look but I would go by SSKI estimates because I do not have such indepth knowledge on this stock. Even if we have a PE of 13- 15 times the stock should give a 50% return in one year.That looks very quite probable . However the stock does exhibit value and more importantly the downside is limited with a book value of Rs 143.00.But I have not taken a position because Nilkamal is not a leader in the home furnishing space if Nilkamal can get its furnishing business correct then the other retailers could also get it on track since they enjoy a first mover advantage is the premise I worked on.
	'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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prosperity Senior Member Joined: 01/Sep/2006 Location: India Online Status: Offline Posts: 546	Posted: 22/Sep/2006 at 5:36pm
	which is the listed leader of this sector, if its not neelkamal ?
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basant Admin Group Joined: 01/Jan/2006 Location: India Online Status: Offline Posts: 18403	Posted: 22/Sep/2006 at 5:47pm
	The one you FEAR the most Pantaloon Retail. Broadly the sector is yet to evolve but over the next 2 years Pantaloon should do about Rs 2000 crores sales from its Home Town business.
	'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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Ajith Senior Member Joined: 06/Aug/2006 Location: India Online Status: Offline Posts: 1284	Posted: 22/Sep/2006 at 11:15pm
	SSKI report I have only heard of and read about but not seen-they believe there will be some consolidation in the' boring' moulded plastic chairs business. Regarding competition from Pantaloon,Nilkamal may yet give them a run for their money if the talks with hypermarket chains for a tie-up ends in an agreement.But really the market is simply so large ... I remember reading a report on moneycontrol a few months back about an interview of an SSKI analyst who believed that 2 players who are business-minded enough to make a success of their retail foray are Provogue and Nilkamal. According to the India Today report I referred to initially even the competition acknowedges the success of the pricing of at home.Any one can confirm that with a showroom visit?I got a 15% discount coupon.Pretty cool for say a Rs30000 sofa set.By the way the latest at home showroom opened (this month)opposite one of the most happening malls in Bangalore FORUM-33000sq.feet,4 levels. Breakeven of at home expected next year. This,I believe is a slightly risky(would get a bit over-leveraged)possibly very highly rewarding investment. Kotak and Sundaram mutual funds have entered this stock. Edited by Ajith - 22/Sep/2006 at 11:29pm
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prosperity Senior Member Joined: 01/Sep/2006 Location: India Online Status: Offline Posts: 546	Posted: 23/Sep/2006 at 3:06pm
	I was passing by the same bangalore store of @Home - its not only opposite Forum its also diagonally opposite to Big Bazaar .... It looked very spacious from outside, covering 3-4 floors.. I wanted to go in but had no time.. Would visit it sometime and update you all about my experiences with @Home... And Ajith, where did u get the 15% discount coupon from - i need to purchase some furnitures - would be great if i can also get the discount coupons. Kindly LMK ! Now, @Home as i understand is into finished furnitures, when did Pantaloons entered into it - where are they Biyani's showrooms for furnitures ?
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