Monthly Archives: May 2017

OK Play India Ltd
Gift Articles, Toys & Cards
FV – Rs 10; 52wks H/L – 210.65/95.9; TTQ – 2280; CMP – Rs 185 (As On May 30, 2017);                      

            Market Cap – Rs 348 Crs

Consolidated Financials and Valuations for FY16 (Amt in Rs Crs unless specified)

Promoter holding was 60.44% in Sept 16 which has come down to 58.41 currently.

Standalone Financials and Valuations for 9Mnths FY17

Valuation Parameters:

1. Long Term Debt to Equity – 1.24
2. ROE % – NA
3. Market Cap/Sales – 3.3

OK Play India, the plastic auto components maker, on Monday launched 8 e-vehicles — which includes passenger and commercial vehicles — under brand E-Raaja priced between Rs 1.25-1.5 lakh. http://www.business-standard.com/article/companies/ok-play-india-launches-8-e-vehicles-priced-at-rs-1-25-1-5-lakh-117032700539_1.html

At present, we have about 16 dealers but during the course of next financial year, we will looking a dealer network of 1500 (Source – MD Statement)

The Company has ongoing Marketing, Technical & Manufacturing collaboration with Hofit Kibbutz Kinneret Ltd of Israel engage in manufacturing of inspection chamber for sewage, water and communication system for domestic, public and industrial infrastructure.

There was a fire at the plant during night between 9^th and 10^th January,2015 in which the company lost its stocks and part of the Building and Plant & Machinery which has hampered the business of the Company. The Company is also emphasizing on development of new business in plastic moulding including development of new products especially toys, outdoor play equipment and delivery boxes.

The company has developed the latest generation plastic body E-Rickshaw which has got patented and has entered manufacturing agreement for the production at 8 locations all over the country.

The company sees huge requirement of E Rickshaw and other battery operated vehicles and expects to recover all its loss and become profitable in the coming years.

Overview:

• OK Play India Ltd is engaged in manufacturing plastic molded toys, school furniture, playground equipment, infrastructure and automotive products, and point-of-purchase products.
• The Company’s brands include Chillafish, Clics, Gonge, Malinos, Mic-o-Mic, Mookie, OK Play, Petron, Pockos, Primomo, Step2, Tolo and Winther.
• It offers toys for all age groups from toddlers to teenagers for both education and entertainment.
• The Tolo, Pockos, Mookie and Chillafish brands of toys are for infants with a range of teethers, rattles, squeakers and themed ride-ons.
• It offers musical toys for the young children and ride-ons for the older ones.
• Mic-o-Mic and Clics barnds offer building blocks and construction sets.
• Winther offers outdoor play products with a range of ride-ons.
• Its ship category consists of Kids Toys, Kids Furniture, Ride Ons, Games, Vehicles, Sports, Outdoor Fun and Indoor Fun.
• The Company’s manufacturing facilities are located at Sohna in Haryana, and Ranipet in Tamil Nadu.

Management:

• T. R. Handa – Chairman
• Rajan Handa – MD
•  Puspamitra Das – CFO

Major Non – Promoter Holdings:

Godavari Drugs Ltd
Pharmaceuticals
FV – Rs 10; 52wks H/L – 54.9/34; TTQ – 1243; CMP – Rs 42 (As On May 22, 2017);                      

            Market Cap – Rs 32Crs

Standalone Financials and Valuations for FY16 (Amt in Rs Crs unless specified)

Standalone Financials and Valuations for 9Mnths FY17

Valuation Parameters:

1. Long Term Debt to Equity – 0.3
2. ROE % – 9
3. Market Cap/Sales – 0.5

Overview:

• Godavari Drugs Ltd is engaged in the contract manufacturing, loan license manufacturing, manufacturing and supply of active pharmaceutical ingredients (APIs), drug intermediaries and fine chemicals.
• The Company’s API products include Ciprofloxacin Hydrochloride, Enrofloxacin, Centrizine Hydrochloride and Ethambutol Hydrochloride.
• Its intermediate products include A D Lactone and Benzhyryl Piperazine.
• Its manufacturing facilities are located at Maharashtra Industrial Development Corporation estate at Nanded, Maharashtra, India.
• The manufacturing facilities are equipped with glass lined reactors, stainless steel reactors, filtration equipment of various types, drying equipment of various types, compaction facilities, solvent recovery and rectification facilities, hydrogenation facilities suitable for high pressures up to 45 bar, vapor phase catalytic tube reactors operable at temperatures in the range of 450 degrees centigrade, distillative reaction facilities and others.

Management:

• Ghanshyam Jaju – Chairman
• Mukund Kakani – MD
•  Kirti Kumar Jain – CFO

The Equity Capital is @ Rs 7.53 Crs consisting of 7530500 equity Shares of FV Rs 10 currently held as under

10.48% Of the Promoter’s Holding is pledged.

Major Non – Promoter Holdings:

Standalone Financial Trends (In Rs. Crs) :

Godavari Drugs Ltd
Pharmaceuticals
FV – Rs 10; 52wks H/L – 54.9/34; TTQ – 1243; CMP – Rs 42 (As On May 22, 2017);                      

            Market Cap – Rs 32Crs

Standalone Financials and Valuations for FY16 (Amt in Rs Crs unless specified)

Standalone Financials and Valuations for 9Mnths FY17

Valuation Parameters:

1. Long Term Debt to Equity – 0.3
2. ROE % – 9
3. Market Cap/Sales – 0.5

Overview:

• Godavari Drugs Ltd is engaged in the contract manufacturing, loan license manufacturing, manufacturing and supply of active pharmaceutical ingredients (APIs), drug intermediaries and fine chemicals.
• The Company’s API products include Ciprofloxacin Hydrochloride, Enrofloxacin, Centrizine Hydrochloride and Ethambutol Hydrochloride.
• Its intermediate products include A D Lactone and Benzhyryl Piperazine.
• Its manufacturing facilities are located at Maharashtra Industrial Development Corporation estate at Nanded, Maharashtra, India.
• The manufacturing facilities are equipped with glass lined reactors, stainless steel reactors, filtration equipment of various types, drying equipment of various types, compaction facilities, solvent recovery and rectification facilities, hydrogenation facilities suitable for high pressures up to 45 bar, vapor phase catalytic tube reactors operable at temperatures in the range of 450 degrees centigrade, distillative reaction facilities and others.

Management:

• Ghanshyam Jaju – Chairman
• Mukund Kakani – MD
•  Kirti Kumar Jain – CFO

The Equity Capital is @ Rs 7.53 Crs consisting of 7530500 equity Shares of FV Rs 10 currently held as under

10.48% Of the Promoter’s Holding is pledged.

Major Non – Promoter Holdings:

Standalone Financial Trends (In Rs. Crs) :

Rama Steel Tubes Ltd
Iron & Steel Products
FV – Rs 5; 52wks H/L – 155.8/88.1; TTQ – 25 K; CMP – Rs 151 (As On May 02, 2017);                      

            Market Cap – Rs 226 Crs

Consolidated Financials and Valuations for FY16 (Amt in Rs Crs unless specified)

Consolidated Financials and Valuations for 9Mnths FY17

Valuation Parameters:

1. Long Term Debt to Equity – 0.65
2. ROE % – 23
3. Market Cap/Sales – 0.92

Rama Steel Tubes, a leading manufacturer of ERW pipes, has said that it has bagged prestigious export orders worth ₹30 crore. The company will execute the orders from its facility at Delhi. This facility has an overall manufacturing capacity of 60,000 tonnes per annum. These orders will boost the performance of the company. In line with its vision of profitable growth, the company has been successful in further strengthening its presence in highly profitable geographies. http://www.thehindubusinessline.com/markets/stock-markets/rama-steel-tubes-limited/article9637936.ece

On March 29, 2017 the Company approved Preferential Allotment of 1500000 Fully Convertible Warrants and 1100000 Equity Shares of Rs.5 each at an Issue Price of Rs.122 each to Promoter and Non – Promoter group.

Operating currently from two locations, Rama Steel Tubes has a total production capacity of 99,000 tonnes which the company plans to increase to 340,000 tonnes by 2019-20 at an investment of Rs 50 crore (excluding land value). http://www.business-standard.com/article/companies/rama-steel-tubes-to-quadruple-production-capacity-in-four-years-116051801184_1.html

Overview:

• Rama Group, One of the leading manufactures of Steel Pipes & Tubes and Rigid PVC & G.I. Pipes in India. Established in 1974 by Sh. H.L. Bansal, Rama in one of the most trusted and established name in the Steel Tube and pipe market in India, and one which in rapidly gaining recognition in overseas markers.
• With its 20% exports rate, the company has global presence in the Countries like United Kingdom, UAE, Sri Lanka, Ethiopia, Kenya, Uganda, Ghana, Kuwait, Republic of Congo, Yemen, Guyana, Germany, USA, South Africa, Zambia and Malta etc. being its prime markets.
• The Company’s range includes MS ERW black pipes from 15mm to 200mm diameter pipes .Pipes from 15mm to 150mm NB in light, medium and heavy sizes.
• As a pioneer and leader in the steel tubes industry, Rama is at the forefront of technology and research and are constantly innovating, listening to the rapidly changing market and giving the consumer the best value for his money. We are Rama, where every effort is towards being better – than the best.
• Rama has developed a very sophisticated manufacturing facility and the company constantly invests in the latest advances in technology.
• To take the lead & full fill the market demand Rama Group has installed a modern high speed Tube Mill based on latest technology of world leader M/s Kusakabe of Japan.
• The plants are located in New Delhi, India’s national capital, in the industrial belt of Sahibabad (Capacity -60000 MT) and in Khopoli (Capacity – 72000 MT).

Management:

• Naresh Kumar Bansal – CMD
• Richi Bansal – CEO
• Rajkumar Malik – CFO

Major Non – Promoter Holdings:

Consolidated Financial Trends (In Rs. Crs) :

The Company had, in the year ending March 31 2016, split the shares to face value Rs.5 Rs.10 and issues 4 bonus shares for every share held resulting in the total equity to Rs.7.47 Crs from Rs.1.49 Crs.

The total revenue grew at 26% due to starting of a new manufacturing facility at Khopoli.