Nitta Gelatin India Ltd
Nitta Gelatin India Ltd (506532)

Nitta Gelatin India Ltd (506532)

₹457.40.87%

Key Stats

₹446
Day's Price Range
₹472
₹200
52-Week Price Range
₹529
1 Month Return-6.45 %
3 Month Return36.18 %
1 Year Return96.21 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 67
10.02
EPS
Rank 44
₹46.02
BVPS
Rank 73
₹210.4
Dividend Yield
Rank 52
1.8%
ROE
Rank 161
15.3%
Price To Book Ratio
Rank 129
2.19
Debt To Asset
Rank 172
0.45

Company Information

Kerala Chemicals Proteins KCPL 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 199293. In 199394 the company undertook a project for liming of ossein.In 199596 the first phase of the liming project was completed. The company is setting up a unit for the manufacture of 2000tpa 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 199495 from CAPEXIL. During 199697 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 199899 the companys 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 Companys business was adversely affected due to madcow disease in Europehowever 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.
OrganisationNitta Gelatin India Ltd
HeadquartersKochi
IndustryChemicals