High ROE & high ROCE multibagger stock in focus as company bags pilot export orders worth Rs 2,40,00,000 from clients in Europe, Middle East and USA

The stock gave multibagger returns of 148.75 per cent from its 52-week low of Rs 80 per share.

Naman In-Store (India) Ltd. has secured significant pilot export orders valued at approximately Rs 2.40 crore from the Fashion & Lifestyle Industry. These orders are a testament to our growing international presence and strategic expansion efforts. As part of the China Plus One strategy, major global players are increasingly seeking alternatives to China, and we are proud to be among the select companies receiving such recognition. These orders, which are international in nature and involve the manufacturing of retail shop fixtures, are expected to be executed by October 31, 2024.

To bolster our export initiatives, we have appointed Harvey Lopez as Vice President – New Initiatives for Exports. With his extensive experience spanning over four decades in the Indian and international markets, Harvey brings a wealth of knowledge and expertise to our team. His previous roles at companies such as IDX India, Fi Design & Development Pvt Ltd and Sohum Expo Displays Pvt Ltd. have equipped him with a deep understanding of the retail fixtures and furniture industry. Harvey's proven track record in driving business growth, managing complex projects, and building strategic partnerships will be invaluable in expanding our global footprint. His leadership skills, combined with his strategic vision, will undoubtedly contribute to our success in the international market.

Under Harvey's guidance, we anticipate a significant increase in export orders from clients in Europe, the Middle East, and the USA. His expertise in business development and his ability to lead diverse teams will be instrumental in navigating the challenges and opportunities presented by the global market. With Harvey at the helm, we are confident in our ability to continue to compete effectively against our Chinese counterparts and solidify our position as a leading player in the international retail fixtures market.

About the Company

Naman In-Store (India) Ltd, a retail furniture and fittings company established in 2010, offers comprehensive retail solutions to diverse industries and outlets. Specializing in modular furniture for offices, beauty salons, kitchens, educational institutions and supermarket shelving, they cater to businesses of all sizes. Their product portfolio includes customized furniture and fixtures in wood, metal and plastic, ranging from kiosks and complete stores to countertop units and point-of-sale merchandising. Operating in a B2B model, Naman In-Store provides tailored solutions to meet the specific needs of their clients.

The company have a market cap of over Rs 200 crore with an ROE of 44 per cent and an ROCE of 32 per cent. The stock gave multibagger returns of 148.75 per cent from its 52-week low of Rs 80 per share.

Disclaimer: The article is for informational purposes only and not investment advice.