NeelkanthRockmineral
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Neelkanth Rockminerals Ltd. announced that Mr. Sesha Sai Nikhil Chintalapati will acquire a 62.06% controlling stake from the company's existing promoters through a share purchase agreement dated June 6, 2026. The acquisition, priced at ₹19.40 per share for a total consideration of ₹6.07 crores, has triggered a mandatory open offer under SEBI takeover regulations. The acquirer will offer to buy up to 26% of the voting capital from public shareholders at the same price, with a maximum outlay of ₹2.54 crores.
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Neelkanth Rockminerals Ltd. announced that Mr. Sesha Sai Nikhil Chintalapati will acquire a 62.06% controlling stake from the company's existing promoters through a share purchase agreement dated June 6, 2026. The acquisition, priced at ₹19.40 per share for a total consideration of ₹6.07 crores, has triggered a mandatory open offer under SEBI takeover regulations. The acquirer will offer to buy up to 26% of the voting capital from public shareholders at the same price, with a maximum outlay of ₹2.54 crores.
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What does NeelkanthRockmineral do?
Neelkanth Rockminerals Ltd, founded in 1988 in Rajasthan, specializes in the production of granite slabs, tiles, and various other stones.
Who are the competitors of NeelkanthRockmineral?
NeelkanthRockmineral major competitors are Shiva Granito Export, Inani Marbles &Inds., Solid Stone Company, Lexus Granito (I), Madhav Marbles&Gran., Mayur Floorings, Jain Marmo Inds.. Market Cap of NeelkanthRockmineral is ₹21 Crs. While the median market cap of its peers are ₹19 Crs.
Is NeelkanthRockmineral financially stable compared to its competitors?
NeelkanthRockmineral seems to be less financially stable compared to its competitors. Altman Z score of NeelkanthRockmineral is 0 and is ranked 8 out of its 8 competitors.
Does NeelkanthRockmineral pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. NeelkanthRockmineral latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has NeelkanthRockmineral allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments
How strong is NeelkanthRockmineral balance sheet?
NeelkanthRockmineral balance sheet is weak and might have solvency issues
Is the profitablity of NeelkanthRockmineral improving?
The profit is oscillating. The profit of NeelkanthRockmineral is ₹0.2 Crs for Mar 2025, ₹0.24 Crs for Mar 2024 and ₹0.22 Crs for Mar 2023
Is the debt of NeelkanthRockmineral increasing or decreasing?
Yes, The net debt of NeelkanthRockmineral is increasing. Latest net debt of NeelkanthRockmineral is -₹0.02 Crs as of Mar-26. This is greater than Mar-25 when it was -₹0.85 Crs.
Is NeelkanthRockmineral stock expensive?
There is insufficient historical data to gauge this. Latest PE of NeelkanthRockmineral is 91.12
Has the share price of NeelkanthRockmineral grown faster than its competition?
NeelkanthRockmineral has given better returns compared to its competitors. NeelkanthRockmineral has grown at ~39.23% over the last 8yrs while peers have grown at a median rate of -1.4%
Is the promoter bullish about NeelkanthRockmineral?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in NeelkanthRockmineral is 62.06% and last quarter promoter holding is 62.06%.
Are mutual funds buying/selling NeelkanthRockmineral?
There is Insufficient data to gauge this.