Pioneer Jellice India Pvt Ltd, a joint venture company formed by Sivakasi-based Pioneer Asia Group and Japan’s Jellice and Sivakasi-based Ashok Matches and Timbers, will acquire 100 per cent of Narmada Gelatines Ltd

Two Sivakasi-based companies to acquire Narmada Gelatines for ₹148 crore

Narmada Gelatines witnesses a significant 32% increase in net profit for Q4, along with overall growth in total income for FY23. The company specializes in the manufacturing and sale of gelatin and ossein

Narmada Gelatines Reports Strong Q4 Performance with 32% Net Profit Jump

Narmada Gelatines has fixed December 19 as the record date for its special dividend of ₹100 per equity share having a face value of ₹10 each. Shareholders whose names appear in the registrar of the company by end of working hours on December 19, will be eligible for ₹100 equity share dividend.

Smallcap hits back-to-back upper circuit ahead of ₹100 dividend record date

Shares of Narmada Gelatines froze upper circuit for sixth straight day and zoomed 76 per cent during the period. Moreover, the stock skyrocketed 120 per cent in the past 10 days

Stock of this specialty chemicals company has zoomed over 100% in 10 days

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Stocks that will see action on December 8, 2022

Narmada Gelatines standalone net profit declines 20.13% in the September 2021 quarter

Narmada Gelatines standalone net profit declines 4.17% in the June 2021 quarter

Narmada Gelatines standalone net profit declines 37.23% in the March 2021 quarter

Narmada Gelatines standalone net profit declines 12.02% in the December 2020 quarter

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Narmada Gelatines Limited is engaged in the manufacture and sale of gelatin and ossein, and its by-product di-calcium phosphate (DCP) for industrial applications. Its products have use in pharmaceutical, edible, industrial and photographic sectors.