Query Trends : Nissan Copper

Query: What is the short term target for Nissan Copper? Deepak Rohilla

Thebullishtrends: Nissan Copper share price closed today at Rs.74. Nissan Copper Ltd. was established during 1989 with an objective to manufacture Copper Tubes. The company started its first copper pipe unit at Umergaon in September, 1991. As on date, Nissan is manufacturing copper rods/Section/flats, Copper Ingots/Billets Bars, Copper Wire Bars, Copper Strips and Copper Pipes catering to FMCG, OEMs and construction industry. In short, as on date, Nissan has complete plant to manufacture tubes starting from melting of scrap/Cathod. These copper components are mainly used in switchgears/panels, radiators, refrigeration, electric appliances, connectors, heat exchangers etc.

Nissan's high standard quality products have enabled it to accredit the ISO 9001:2000. The company is supplying its products for the projects of well known companies in the Air conditioning and Refrigeration, Engineering & Gas Application industry and few of them are Eletrotherm India Ltd., Blue Star Ltd., Voltas Ltd., Siemens Ltd., Hindustan Copper Ltd., Nutech Construction Pvt. Ltd. Etc. Over a period of 16 years, Nissan has established its reputation and reliability in the market. With long experience and accumulated technology, Nissan ensures, all the products of the company confirms with all the major specification and customer requirements. (ASTM, DIN, BS, JIS, IS).

Now Nissan Copper is imroving its operating profit margins and has taken the cost effective measures it reflected the action in 2nd quarter results. Company operating profit margins has increased from Rs.2.80 cr to Rs.4.15 cr and net profit has gone up to Rs.3.01 cr from Rs.2.02 of the 1st quarter. EPS(TTM) 5.17 discounts the present price Rs.74 by 14 times which is reasonably good. We expect that the share price may touch Rs.90 once it gets this financial year (FE08) results.