NEELAMALAI AGRO INDUSTRIES LTD

BSECODE: 508670 M.PRICE :375.00 Rs.
MARKET CAP: 23.5CR Group: AVT Group
BOOK VALUE :303.50 RS



Neelamalai Agro Industries Ltd., is a manufacturer, exporter and supplier of all kinds of tea from India.

• In the year 1925, a young planted, Shri A.V. Thomas evinced interest in plantations and he floated A.V. Thomas Group Cos. in Travancore, Kerala, with its Registered Office at Alleppey, Kerala.

• In 1946 he purchased Sutton & Katary Estate at Nilgiri Hills in Coonoor District, Tamil Nadu, under the banner of NEELAMALAI AGRO INDUSTRIES LTD. The estate situated at an elevation of 5500 to 6000 ft. M above MSL has 569.42 hectares of Tea.

It has an equity of 63 laks. Last 3 years there is no growth in the company but continuously posting 37 -34.40-36.50 eps and 100% div .This year first quarter posted83 laks profit against 36 laks last year (130 % growth) .and 4.71 cr vs 3.48 cr (35% groth ) turnover.

Tea price raise may boost the earnings, may post 55 to 60 e.p.s this year. and pay 150 % div .

current market price 375rs .works out just 9.8 p.e against industry p.e 30. so stock may touch 800 in next six months.