The shares of the leading battery manufacturer gained 19.5% to ₹1,970 per share after ace investor Dolly Khanna bought a fresh stake in the company in the June quarter. 

At 2:40 p.m., NILE Ltd shares were trading at ₹1,918.90 per share, up 16.45 percent from the previous close price on the exchange. The company has a market capitalization of ₹552 crore. 

Whats News: According to the shareholding pattern on BSE, Dolly Khanna acquired a 1.10% stake, equivalent to 32,923 shares, in the firm during the June quarter of 2024-25, as indicated by the latest shareholding pattern. 

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About the Company: Nile Ltd is a manufacturer of Lead batteries. The company is an ISO 9001:2015 certified secondary manufacturer of Pure Lead and Lead Alloys which are supplied to the manufacturers of Lead Acid batteries, PVC stabilizers, and Lead-Oxide. Apart from this, the company also deals in Power Generation through wind farms. 

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The Nile specializes in the production of Lead & Lead Alloys, including Pure Lead with 99.97% purity, Lead Antimony Alloys, Lead Selenium Alloys, Lead Calcium Alloys, and Lead-Tin Alloys. 

In 2017, Nile expanded its Lead Recycling plant in Choutuppal, increasing its capacity to 32,000 tonnes per annum (TPA) and raising the total lead recycling plant capacity to 82,000 TPA. 

Nile has two wholly-owned subsidiaries: NLCPL operates a lithium-ion recycling plant, and NEPL serves the nutraceutical, cosmetic, and food industries. Currently, management has postponed the establishment of NEPL’s plant. 

NILE Ltd’s shares have surged by 100% in the last six months and by 130% year-to-date. 

Financials: The company’s revenues have jumped by 4 percent year on year from ₹806 crores in FY 22-23 to ₹838 crores in FY 23-24, while net profit has increased by 39 percent during the same period from ₹23 crores to ₹32 crore. 

NILE Ltd shares have gained 100 percent in the last six months and 130 percent on a year-to-date basis.

Written by Omkar Chitnis 


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