Jyothi Laboratories Ltd
Household Products
FV – Rs 1; 52wks H/L – 427/270.1; TTQ – 4 K; CMP – Rs 362 (As On June 27, 2017);                      

            Market Cap – Rs 6560 Crs

Consolidated Financials and Valuations for FY17 (Amt in Rs Crs unless specified)

Consolidated Financials and Valuations for FY16

Valuation Parameters:

1. Long Term Debt to Equity – 0.01
2. ROE % – 19
3. Market Cap/Sales – 3.73

On business front, the said the company did well across all segments in FY17 and is hopeful of growing 10-12 % in FY18 says K Ullas Kamath, Joint MD & CFO in an interview to CNBC-TV18. http://www.moneycontrol.com/news/business/companies/jyothy-laboratories-hopeful-of-growing-10-12-in-fy18-2308135.html

The promoters of Jyothy Laboratories may extend the March 2017 deadline for its collaborator Henkel AG to exercise the option to invest in the company, top officials close to the development said. The maker of Ujala fabric whitener is in advanced negotiations to sell a stake to Germany-based Henkel AG & Co and the talks have been held in Dubai. Jyothy Labs purchased a 50.97 per cent stake in Henkel India in 2011, giving it detergent brands Henko, Mr White and Chek and personal care products such as Margo, Neem and Fa. Jyothy also got access to the northern and eastern markets in India after being a stronger player in southern India. 

Henkel has the option to pick up to 26 per cent stake in Jyothy after it acquired a 25 per cent shareholding by the German major will trigger a mandatory open-offer clause.  http://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/promoters-of-jyothy-laboratories-may-extend-deadline-for-its-collaborator-henkel-ag-to-pick-stake/articleshow/57410720.cms

The company Successfully commenced the commercial production of Ujala Fabric Whitener, Margo Soap & Maxo Liquid Vaporiser in FY 2017 at Guwahati (North Eastern State). These manufacturing units are entitled to avail the 100% income tax benefit u/s 80 IE for next 9 years.
 

Overview:

• Jyothy Laboratories Ltd is a multi-brand, multi-product company focused on fast-moving consumer goods industry.
• The Company is principally engaged in manufacturing and marketing of fabric whiteners, soaps, detergents, mosquito repellents, scrubber, bodycare and incense sticks.
• The Company operates through three segments: Soaps and Detergents, which includes fabric whiteners, fabric detergents, dish wash bar and soaps, including ayurvedic soaps; Home Care products, which includes incense sticks, scrubber, dhoop and mosquito repellents, and Others, which includes bodycare, tea and coffee. It offers its products under various brands, which include Henko, Mr. White, Ujala, More light, Chek, Pril, Exo, Maxo, Margo, Fa, Neem, Fabric Spa, Snoways, Busy easy and Wardrobe.
• Its subsidiaries include Jyothy Consumer Products Marketing Ltd, Four Seasons Drycleaning Company Private Ltd, Snoways Laundrers & Drycleaners Private Ltd and Jyothy Fabricare Services Ltd.

Management:

• M.P. Ramachandran – CMD
•  K.Ullas Kamath – Joint MD & CFO

The Equity Capital is @ Rs 18.17 Crs consisting of 181683724 equity Shares of FV Rs 1 currently held 

20.22% Of the Promoter’s Holding is pledged.

Major Non – Promoter Holdings:

Consolidated Financial Trends (In Rs. Crs) :

The company hopes to grow at 12% in FY18. The projections for FY18 would be –

Sandur Manganese & Iron Ore Ltd
Mining
FV – Rs 10; 52wks H/L – 937.7/490; TTQ – 26 K; CMP – Rs 800 (As On June 21, 2017);                      

            Market Cap – Rs 691 Crs

Consolidated Financials and Valuations for FY17 (Amt in Rs Crs unless specified)

Consolidated Financials and Valuations for FY16

Valuation Parameters:

1. Long Term Debt to Equity – NIL
2. ROE % – 13
3. Market Cap/Sales – 1.61

JSW Steel in talks with Sandur Manganese for long-term iron ore supply. “We are going to have a long-term tie-up with them (Sandur Manganese) for supply of iron ore. They have a capacity of 1.6 mt now, but they can reach up to 3 mt,” Vinod Nowal, deputy managing director of JSW Steel, told Reuters. http://economictimes.indiatimes.com/industry/indl-goods/svs/steel/jsw-steel-in-talks-with-sandur-manganese-for-long-term-iron-ore-supply/articleshow/52330256.cms

Hope to clear 1.6 MT of iron ore production: Sandur Manganese

The company will have a turnover of around Rs 200-300 crore in FY17, says Ghorpade. The company was plagued with the same issue last fiscal when its turnover for manganese was Rs 17 crore and 47 crore for iron ore. http://www.moneycontrol.com/news/business/earnings-business/hope-to-clear-16-mtiron-ore-production-sandur-manganese-935252.html

Overview:

• The Sandur Manganese & Iron Ores Limited is engaged in the mining of manganese ore and iron ore, and the manufacture of ferro-alloys.
• The Company’s segments include Mining, Ferroalloys & Power, and Steel.
• The Company’s mines are locate at Deogiri, SB Halli and Ramgad located around Sandur, and its Metal and Ferroalloy plant is located at Vyasankere.
• The Company is a subsidiary of Skand Pvt. Ltd.
• Star Metallics and Power Private Limited (SMPPL), a subsidiary of the Company, which has two ferroalloy furnaces and a 32 MW thermal power plant which is used as a captive unit for its ferroalloy operations. In pursuance of lease agreement executed on 1 February 2016 with its subsidiary, the Company has taken both the ferroalloy plant and thermal power plant on lease.

Management:

• S. Y. Ghorpade – CMD
•  K. Raman – CFO

Major Non – Promoter Holdings:

Consolidated Financial Trends (In Rs. Crs) :

Production of manganese ore and iron ore during the financial year 2015-16 was 151289 tonnes and 739744 tonnes respectively as against 160909 tonnes and 516285 tonnes produced during the previous year. Excluding the ores salvaged from dumps, the Company sold 112277 tonnes of manganese ore and 884292 tonnes of iron ore during the year under review.

During the year under review, 6757 tonnes of Silico manganese was manufactured and 9905 tonnes were sold resulting in a negative contribution of 1131.77 Lakh.

Ramky Infrastructure Ltd
Construction & Engineering
FV – Rs 10; 52wks H/L –121.85/51.8; TTQ – 61 K; CMP – Rs 102 (As On June 2nd 2017);                         

         Market Cap – Rs 583 Crs

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

Standalone Financials and Valuations for Q3 FY17

Valuation Parameters:

1. Long Term Debt to Equity – 4.41
2. ROE % – 2.4
3. Market Cap/Sales – 0.2

The flagship company of the Ramky Group, Ramky Infrastructure Ltd. is one of the leading infrastructure companies in India with a wide sectorial presence.

Key Updates:

On 8^th May 2017 Ramky Infrastructure Ltd has been awarded project worth Rs 336.60 crore in Jharkhand by NHAI on EPC (engineering, procurement and construction) mode. http://economictimes.indiatimes.com/industry/indl-goods/svs/construction/ramky-infrastructure-wins-rs-337-crore-contract-from-nhai-in-jharkhand/articleshow/58576702.cms

State Advisory Board for Development of Kissans (SABDK) Monday asked RAMKY Infrastructure Ltd that is executing 4-lanning project of the Srinagar Jammu highway to instantly start dewatering operations of agricultural land and make functional the installed drainage system, so that farmers commence paddy plantation in time. http://kashmirreader.com/2017/05/09/ramky-infrastructure-asked-dewater-inundated-paddy-field-along-highway/

Overview:

• Ramky Infrastructure Limited is an construction, infrastructure development and management company.
• The Company operates through segments, including Construction business and Developer business.
• It operates the engineering, procurement, construction (EPC) business in the sectors, including water and waste water projects; roads and bridges projects; building construction; irrigation projects; industrial construction projects, and power transmission and distribution projects.
• The company’s water and wastewater projects include water treatment plants, water transmission and distribution systems and lake restorations, among others.
• Its roads and bridges projects include expressways, highways, bridges, flyovers, rural roads and terminals. Its building construction projects include commercial, residential, public, institutional, corporate buildings and mass housing, among others. Its irrigation projects include cross-drainage works.

   Ramky Infra operates through the following 3 principal business modes:

1. Engineering, Procurement & Construction (EPC) Business which is operated by the Company,
2. Developer Business which is operated through 13 wholly owned subsidiaries, 6 Subsidiaries, 2 Jointly Controlled entities, 1 Association of person and 2 Associates & 3 step down subsidiaries of the Company. A majority of the development projects are Public Private Partnerships and are operated by separate special purpose vehicles (SPVs) promoted by the Company and other Companies/undertakings and

• International Business which is operated through 100% wholly own subsidiary ‘Ramky Engineering and Consulting Services’, located in Sharjah, UAE.  

Management:

• Mr. Y. R. Nagaraja – CEO/MD
• Mr. I.W. Vijay Kumar – CFO

Major Non-Promoter Holdings:

Consolidated Financial Trends (In Rs. Crs) :

The consolidated turnover of the company for 2015-16 is Rs. 2342 Crs has increased by 58% over the year, compared to Rs. 1644 Crs in 2014-15.

The consolidated Profit after Tax for 2015-16 is Rs. 17.30 Crs compared to consolidated loss of Rs. 482.96 Crs in 2014-15.