Currently trading at an all time high of 636.1 a tad more than a month old, Nureca is a manufacturer of home healthcare, weight management and wellness products. Its products are compliant with US FDA and EU CE standards. There are more than 150 SKUs in its kitty.
The company had an EPS of -3.7 last year. A look at the chart on the company’s website indicates that the company has seen significant growth over the last few years. The company’s products are a mix of nutritional supplements, health and fitness products, and orthopedics. As of July 2016, the company had a market capitalization of about Rs 3,000 crores. There are several interesting nuggets in Nureca’s kitty, including its flagship product – Nureca Medical (NH), which is a leading provider of pharmaceutical products for the treatment of obesity, diabetes, and arthritis. In short, the company has one of the most comprehensive and diversified portfolios in the country.
In fact, the company’s flagship product – Nureca Medical – is the biggest player in the digital health app market. As of June 2016, the company had over a thousand employees. The company’s motto is “to be the best in every aspect of life” and this translates into a commitment to the company’s employees, customers, and the community. The company’s products include nutrition and fitness supplements, weight management products, orthopedics, and mother and child products.
The company also makes a nice line of health and fitness products for the senior and child populations, and has several flagship brand names. As of May 2016, the company’s product line boasts more than 200 SKUs. Its products may be small in comparison to some of the big boys in the industry, but it is certainly impressive when compared to its competitors. The company’s products have the requisite credentials, and the company even manufactures a few of its own branded products. The company has a decent reputation in the industry and a loyal customer base. In the short term, the company is riding on its aforementioned flagship brand, a solid management team, and a good business plan.
The company is also looking at expansion opportunities in emerging markets. Among the companies currently vying for the nugget of the month award are Tata Consumers, Wipro, and Tata Motors. The company is also in the midst of an extensive corporate re-structuring, which should serve to boost shareholder value. In the next few years, Nureca may well prove to be a force to be reckoned with. For investors, Nureca may not be the best bet for the long term, but the company’s products, management, and culture could prove to be a boon in the years to come. Until then, keep your wits about you and check out the company’s products. The company also has a number of perks for its employees, including a competitive bonus program and free lunch at select restaurants. Having said that, the company is a long way from its peak of over Rs 3,000 crores, and is likely to continue to face stiff competition in the months and years to come.