SIP Pick with Anil Singhvi: Market Guru recommends Nath Bio-Genes (India) shares today
Zee Business Managing Editor Anil Singhvi said that Nath Bio-Genes (India) has witnessed strong growth till now and going ahead also the company is going to grow strongly. He said that he like the past and the present of the company and believes the future of the company holds strong promise
Zee Business Managing Editor Anil Singhvi said that Nath Bio-Genes (India) has witnessed strong growth till now and going ahead also the company is going to grow strongly. He said that he like the past and the present of the company and believes the future of the company holds strong promise.
Singhvi said that Nath Bio-Genes (India) will see 20% to 30% growth in next 3 years. The profit CAGR is over 36% in the company for past 10 years, clearly indicates the exceptional performance of the company. The company has extremely strong grip on the profitability. Revenue CAGR is 10% to 12% in past 10 years.
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Singhvi said that the company is going to launch 40 new products in next 3 years. These new products will contribute to the growth of the company in next 3 years. Institutions Holdings in the company is also increased to 11.05% which was 9.03% as on 31 March 2020.
Singhvi said the company is trading at attractive valuations and it is almost debt free. Company is currently valued at PE 14 ,PB of just 1.3, Mcap/Sales of 2.5 with D/E ratio of just 0.13. Singhvi said that in FY22, the company can do EPS of Rs 33 and in FY23, the company will do EPS of Rs 43.
Singhvi said the stock price can see good upside from current levels. Short term target on the stock is Rs 500, medium term target price is Rs 575 – Rs 625, and long term target is Rs 675 – Rs700. He said that Agriculture related stock will remain in focus due to monsoon. This stock should be accumulated on all dips, and it a strong Agri based, rural theme pick.
Varun Dubey, Senior Research Analyst at Zee Business said that Company has 40 years of experience in the business which makes the company one of the most experienced seed Company in India with 100 professional awards. Company is the first seed Company in Asia Pacific Region to get ISO 9001 certificate.
Dubey said that Company has robust growth outlook for coming future on the back of innovative products and new launches.
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