Buy Nilkamal; target of Rs 412: Sushil Finance - Moneycontrol.com -

Sushil Finance is bullish on Nilkamal and has recommended buy rating on the stock with an increased target price of Rs 412, in its SEPTEMBER 3RD, 2010 research report.

“Nilkamal with a strong market presence and brand value continues to dominate the industry in its plastic business. Going forward, the industry is expected to grow at 12% to 15% and companies like Nilkamal, with its strong brand & national presence, are expected to grow at a much faster pace. On the margins front, the company enjoys EBIDTA margins of around 14%, but after absorbing the loss of at home, margins are a bit lower at around 12%. We expect new product launches, rise in volume growth in the moulded furniture segment and capacity expansion to drive growth going ahead.”

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From: http://www.moneycontrol.com/news/recommendations/buy-nilkamal-targetrs-412-sushil-finance_482498.html