Firstcall Research report on NilkamalNilkamal Ltd is the world's largest manufacturer of moulded furniture and India's leading manufacturer of Material Handling Systems. Company is also a pioneer in the home retailing segment making a foray in this field with the home chain of complete home solution stores dotting in the Indian map. Company, positioned as a Home Maker store, is a perfect one-stop solution store for home planning, with finest quality furniture, soft furnishing, home accessories and a plethora of a whole lot of Services to enhance your indoor and outdoor spaces. The design of a company is contemporary yet practical, mirroring Indian taste & finesse. The comprehensive product mix right from bins, crates, pallets, Material Handling Equipment ranging from Pallet Trucks to Stackers, Forklifts, shelving and racking plus all equipment required for the logistics industry which is growing at a rapid pace in India. The company’s quality is widely accepted internationally and had an office in Ajman, UAE to cater to the Middle Eastern Markets. It also exports to most major markets in Europe and Americas which are known for being sticklers for quality. It has consistently won prestigious export awards and is now an Export House. The Visual Merchandising at every store is done in minute detail to suit the Indian taste. The Company has advanced machinery in Injection Moulding, Rotational Moulding, Vaccum Forming, Polyurethane Injection (of insulation) and capabilities for SMC and Blow Moulding.We recommend ‘BUY’ in this particular scrip with a target price of Rs. 1100.00 for Medium to Long term investment.
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