There is very less risk at buying at this level. It may come down by 1 Rs. more. But uptrend is unlimited.I have already bought in large quantity. Will buy more if it comes down.
I was talking to a real estate friend in California and he said Nitesh Estates is rated as the top picks in the Real Estate Space in India. Foreigners are increasing their investments in Nitesh Estates "RESIDENTIAL" & "COMMERCIAL" projects spread over India and soon establish entrepreneurs hubs in the next 5 years to practise their profession. India is a "SAFE HAVEN" for people all over the world as the country has withstood many wars and spiritually strong.Investing in Nitesh Estates upto Rs.25/- is a good bet. The stock has all the right things to move ahead and value for your money. Lazy people will benefit the most by investing in this stock. Will be rated by CRISIL and CARE as the best Real Estate Stock for 2016-17.Nothing is certain in stock market. In this case 20 is extremely important. Once 20 is taken clearly, sky is the limit. For that to happen, management has to show something solid in the book.With so much of hype, backed by quality management and booster investment from abroad, expectations are very high. Time will come; one has to be patient.This is a stock worth betting on. Cheers!!!!!
FINANCIALS
Rs in Cr.
Key Ratios Mar 2015 Mar 2014 Mar 2013 Mar 2012 Mar 2011 Debt-Equity Ratio 1.15 0.94 0.50 0.22 0.17 Long Term Debt-Equity Ratio 0.11 0.11 0.05 0.08 0.13 Current Ratio 0.80 0.79 0.88 1.49 2.44 Turnover Ratios Fixed Assets 11.53 14.05 4.07 8.55 16.57 Inventory 0.98 0.88 0.37 1.35 1.99 Debtors 5.39 4.95 1.39 2.16 2.10 Interest Cover Ratio 2.32 1.99 -0.57 1.68 3.67 PBIDTM (%) 24.24 20.43 -51.50 11.37 17.82 PBITM (%) 23.78 19.85 -53.66 10.45 17.37 PBDTM (%) 14.01 10.44 -144.85 5.15 13.08 CPM (%) 11.22 8.49 -152.54 3.03 10.27 APATM (%) 10.75 7.91 -154.70 2.12 9.82 ROCE (%) 8.05 8.44 0.00 2.13 3.97 RONW (%) 6.75 6.01 0.00 0.53 2.63
Display Name No of Shares % Share of Holding Demat Shares Share Holders Total Foreign (Promoter and Group) 0 0.00 0 0 Bodies Corporate-Indian (Promoter and Group) 2,47,90,780 17.00 2,47,90,780 3 Individuals / Hindu Undivided Family-Indian (Promoter and Group) 4,31,45,195 29.59 4,31,45,195 4 Indian (Promoter and Group) 6,79,35,975 46.59 6,79,35,975 7 Total of Promoter 6,79,35,975 46.59 6,79,35,975 7 Financial Institutions / Banks 1,09,06,663 7.48 1,09,06,663 3 Foreign Institutional Investors 2,54,03,485 17.42 2,54,03,485 4 Non Promoter (Institution) 3,63,10,148 24.90 3,63,10,148 7 Bodies Corporate 1,18,79,104 8.15 1,18,79,104 391 Clearing Members 2,23,675 0.15 2,23,675 46 Directors and their Relatives 4,70,229 0.32 4,70,228 6 NRIs/Foreign Individuals/Foreign Nationals 8,43,557 0.58 8,43,557 159 Individuals holding nominal share capital in excess of Rs. 1 lakh 1,56,81,308 10.75 1,56,81,308 365 Individuals holding nominal share capital up to Rs. 1 lakh 1,24,88,104 8.56 1,24,87,097 15,470 Non Promoter (Non-Institution) 4,15,85,977 28.52 4,15,84,969 16,437 Total Non Promoter 7,78,96,125 53.41 7,78,95,117 16,444 Total Promoter and Non Promoter 14,58,32,100 100.00 14,58,31,092 16,451 Custodians(Against Depository Receipts) 0 0.00 0 0 Grand Total 14,58,32,100 100.00 14,58,31,092 16,451
