The Nitta Gelatins Group company is a Japnese listed company and number one in the industry. They were planning to make India a production hub for asia region I think (need to verify again). Thats the reason for 200 cr investment,.
After sleeping for many decades, they have waken now to improve the performance at group level.
Two issues, If research says Gelatin is does not add value and having negative impact on our body. The whole market will crumble. Also, 40% is owned by Kerala govt which itself is a risk in my opinion.
But valuation looks good, mgt is good and clean books.
| Subscribe To Our Free Newsletter |
