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Nitta Gelatin India
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Nitta Gelatin India Limited (NGIL) (Formerly known Kerala Chemicals & Proteins Limited) was established on April 30, 1975. The Company operates in the business of manufacture and sale of ossein, gelatin and collagen peptide.
The Company is a joint venture between Kerala State Industrial Development Corporation and two renowned Japanese companies - Nitta Gelatin and Mitsubishi Corporation. It produces ossein, a chemical used to manufacture gelatin (mostly for photographic use) and dicalcium phosphate (used in animal feed) from crushed animal bones. It began commercial production in 1979.
The plant capacity to manufacture ossien was initially 3300 tpa and that of DCP was 6700 tpa. Ossein capacity was increased to 5000 tpa and of DCP to 11000 in 1992-93. In 1993-94, the company undertook a project for liming of ossein.
In 1995-96, the first phase of the liming project was completed. The company is setting up a unit for the manufacture of 2000-tpa gelatine with the technical collaboration of Nitta Gelatin, Japan. The project cost is Rs 70 cr. For the third time in succession, the company received the Top Export Award for Ossein for 1994-95 from CAPEXIL.
During 1996-97, the trial project of Liming Of Ossein was restarted on Feb.'97 with an installed capacity of 5 MT per day, due to delay in the previous year. The Gelatine project is also under implementation due to delay in respect of the land acquired, but since the company has received allotment of 13 acre plot for the project in the KINFRA Export Promotion Industrial Park in Kakkanadu.
Trial run production of Limed Ossein commenced in Feb.'97 and the construction of the Gelatine Project was completed as per schedule. A new subsidiary by name of Bamni Protiens Pvt. Ltd was incorporated in Dec.'97 with an authorised capital of Rs 300 lakhs.
During 1998-99, the company's Ossein division got ISO 9002 certification from KEMA, Netherland. Also 2000MT Gelatin Plant at Kakkanad commenced commercial operation from 8th March, 1999. It was delayed much and the actual project cost came to Rs. 83.73 crores as against projected cost of Rs. 77.82 crores.
The Company's business was adversely affected due to madcow disease in Europe,however the clearance given by the European Union for import with restriction is expected to show some signs of recovery. The company with the help of Collaborators is planning to make investments in Gelatine plants to the extent of Rs.500 lakhs and is exploring ways and means of raising the requisite funds to maximum advantage including sourcing from Foreign Banks/Institutions.
During the year 2011, Company acquired the assets including land and factory building at a total outlay of Rs. 777.31 Lakhs in Aroor Industrial Estate, Alappuzha District. The Company ventured into the retail consumer market with its maiden consumer product GELIXER COLLAGENPEP (for healthy joints, promotes cartilage health, maintains joint flexibility and mobility) during the year 2011. Other new products launched include SEEDAID and NUTRIGOLD (for higher germination rate of seeds and growth rate for agricultural produces), MEAT MEAL (a pet food ingredient) and CHITOSAN (applications in Cosmetics, Bio-medical and Nutritional Products). It commenced the manufacture and sale of FISH COLLAGEN PEPTIDE as well.
The Limed Ossein Plant owned by M/s. REVA Proteins Limited, was commissioned on March 27, 2012.
During the year 2011, Company acquired the assets including land and factory building at a total outlay of Rs. 777.31 Lakhs in Alappuzha District. The Company set up a new wholly owned subsidiary viz., M/s. Reva Proteins Limited in Gujarat, which introduced Limed Ossein Project capitalized on March 27, 2012. Capital projects such as Hide Liming plant and capacity expansion of Collagen Peptide plant were commissioned during 2014.
Pursuant to the Scheme of Merger and Amalgamation, duly approved by the Hon'ble National Company Law Tribunal, Chennai Bench by the Order dated 27th March 2019, erstwhile subsidiary company, M/S. Reva Proteins Limited (the Transferor Company) was merged with the Company with effect from 1st April 2017. Accordingly, all the assets and liabilities of the Transferor Company were transferred to and vested in the Company, on a going concern basis with effect from the Appointed date, 1 April 2017.
The new Jet Aerator at Reva Division was installed in 2022.
Nitta Gelatin India share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Nitta Gelatin India indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Nitta Gelatin India is valued compared to its competitors.
Nitta Gelatin India PE ratio helps investors understand what is the market value of each stock compared to Nitta Gelatin India 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Nitta Gelatin India evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Nitta Gelatin India generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Nitta Gelatin India in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Nitta Gelatin India shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Nitta Gelatin India compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Nitta Gelatin India over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Nitta Gelatin India helps investors get an insight into when they can enter or exit the stock. Key components of Nitta Gelatin India Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Nitta Gelatin India shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Nitta Gelatin India ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Nitta Gelatin India provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Nitta Gelatin India highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Nitta Gelatin India .
The balance sheet presents a snapshot of Nitta Gelatin India ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.