Daily Notifications as on 30th June 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200630-48

1. Scrip code : 539354
Name : POLYSPIN EXPORTS LIMITED
Subject : Corporate Action-Board recommends Bonus Issue
Recommended for the issue of Bonus equity shares in the proportion of 1:4 i.e. 1 (One) new fully paid-up equity share of Rs. 5/- (Rupees Five only) each for every 4 (Four) existing fully paid-up equity share of Rs.5/- (Rupees Five only) each held by the members. Requisite details of Bonus issue are given in Annexure II.

Daily Notifications as on 29th June 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200629-46

1. Scrip code : 500038
Name : Balrampur Chini Mills Ltd.
Subject : Buyback Offer
Axis Capital Ltd (“Mangare to Buyback Offer”) has submitted to BSE a copy of Public Announcement for the attention of Equity Shareholders/Beneficial Owners of equity shares of Balrampur Chini Mills Ltd (“Target Company”) in connection with the Buyback of equity shares through the Tender Offer under the Ssecurities and Exchange Board of India (Buy-back of Securities), Regulations, 2018, as amended.

2. Scrip code : 535648
Name : Just Dial Limited
Subject : Announcement under Regulation 30 (LODR)-Public Announcement-Buyback of Shares
Newspaper Advertisement for Public Announcement relating to Buy-Back of equity shares of the Company. Kindly take the same on record

3. Scrip code : 532527
Name : ramkrishna forgings Ltd.
Subject : Announcement under Regulation 30 (LODR)-Daily Buy Back of equity shares
With respect to Buyback announced by the Company, vide Public Announcement dated 23.03.2020; please find the details of buyback of Equity Shares made today i.e., 26.06.2020

Cochin Shipyard June 26,2020

Cochin Shipyard

Shipping

FV – Rs 10; 52wks H/L – 491.15/209; TTQ – 0.76 Lacs; CMP – Rs 318.8 (As On June 26, 2020);                  

      Market Cap – Rs 4194 Crs

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

 

Cochin Shipyard
Year Equity Net Worth Long Term Debt Total Sales PAT BV EPS P/E P/BV Promoter’s Holdings
Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Rs %
2019-2020 132 3723 123 3422 632 283.02 48.05 6.64 1.13 72.86
2018-2019 132 3329 123 2966 478 253.05 36.32 8.78 1.26 75

 

Board of Directors:

Madhu S Nair: Chairman & Managing Director

Shri D Paul Ranjan: Director (Finance) and Chief Financial Officer

Shareholding Pattern:

 

Price History:

 

Peer Comparison:

(All figures inRs Cr. unless specified)

 

Cochin Shipyard Garden Reach LP Naval
Price (Rs) 318.8 209.6 61
FV (Rs) 10 10 10
Market Cap 4194 2412 35
Equity 132 115 6
Net Worth 3723 1040 12
Total Debt 123 0 13
Sales 3422 1433 21
Net Profit 632 163 2
EPS (Rs) 48.0 14.3 2.9
BV (Rs) 283.0 90.8 21.7
PE 6.6 14.7 20.8
PB 1.1 2.3 2.8

 

Buyback:

On October 31, 2018, The board announced a buyback of Rs. 200 Cr at Rs 455 per share.

The company decided to buyback 43,95,610 shares which would add up to 6.41% of the total equity.

Buyback Details:

All figures inRs Cr. unless specified

 

Company FV (Rs) No of Shares Buyback price (Rs) Buyback Type Date Stake Value Equity Pre Equity Post Networth Pre Networth Post
Cochin Shipyard 10 4395604 455 Tender Offer 16 Oct 18 6.41% 200 135.9 131.5 3618 3462

 

 

 

Daily Notifications as on 25th June 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200625-36

1. Scrip code : 539354
Name : POLYSPIN EXPORTS LIMITED
Subject : Corporate Action-Outcome of Sub division / Stock Split
Approved sub-division of Equity Shares of Rs.10/- each into 2 Equity shares of Rs.5/- each and for amendment of Clause V of Memorandum of Association of the company. Requisite details of sub-division are given in Annexure I.

2. Scrip code : 514234
Name : Sangam (India) Ltd
Subject : Corporate Action-Amalgamation/ Merger / Demerger
Pursuant to Part A of Schedule III under Regulation 30(2) of SEBI (Listing Obligations and Disclosure Regulations) Regulations, 2015, it is hereby informed that the Board of Directors of the Company in its meeting held today i.e. 24th June, 2020 have approved the merger of Sangam Lifestyle Ventures Limited (Company’s Wholly Owned Subsidiary) with the Company.

3. Scrip code : 522152
Name : Solitaire Machine Tools Ltd
Subject : Intimation Of Merger Of Company”s Wholly Owned Subsidiary
This is to inform you that pursuant to the order of Hon’ble NCLT of Mumbai, Company’s Wholly Owned Subsidiary (“WOS”) namely Shruchi Manufacturing Limited now stands merged with Solitaire Machine Tools Ltd. The order was passed on 29th April 2020 and received today 25th June 2020.

Daily Notifications as on 24th June 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200624-40

1. Scrip code : 540726
Name : Trident Texofab Limited
Subject : Board Meeting Intimation for Approval Of Audited Financial Results For Quarter And Financial Year Ended March 31, 2020 And Other Matters
Trident Texofab Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/06/2020 ,inter alia, to consider and approve including, 1. The audited Financial Results of the Company for the quarter and year ended on March 31, 2020. 2. Appointment of a director. 3. Increase in Authorized Share Capital of the Company. 4. Issue of Bonus Shares. 5. Migration of the Company from SME segment of BSE Limited to Main Board of BSE Limited. 6. Any other business with the permission of the Chair.

2. Scrip code : 535755
Name : Aditya Birla Fashion and Retail Limited
Subject : Board Meeting Intimation for Prior Intimation Of The Meeting Of The Board Of Directors Of Aditya Birla Fashion And Retail Limited
Aditya Birla Fashion And Retail Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/06/2020 ,inter alia, to consider and approve This is further to our intimation on the outcome of the meeting of the Board of Directors dated May 27, 2020 which approved fund raising of INR 1,000 crore by way of a Rights Issue of equity shares. In connection to the above and pursuant to the above referred, please be informed that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, June 25, 2020, to consider, discuss and decide, inter alia various matters in connection with the Rights Issue, including the terms and conditions such as the instrument, issue price and related payment mechanism, rights entitlement ratio, record date, timing of the Rights Issue and other related matters. Based on the outcome of the meeting, the Company will make such other disclosures, if any, as may be required under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

3. Scrip code : 542484
Name : Arvind Fashions Limited
Subject : Board Meeting Intimation for Intimation Of Meeting Of The Board Of Directors Of Arvind Fashions Limited
Arvind Fashions Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/06/2020 ,inter alia, to consider and approve We refer to our letter dated March 26, 2020 whereby we have intimated the deferment of the Rights Issue of Equity Shares of the Company. In furtherance of the same, we wish to inform that, in accordance with Regulation 29(1)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended read with SEBI Circular bearing no. SEBI/HO/CFD/CMD1/CIR/P/2020/63 dated April 17, 2020, a meeting of the Board of Directors of the Company is scheduled to be held on June 21, 2020, to consider and approve the revised schedule for opening of the Rights Issue (as deferred vide Committee Resolution dated March 26, 2020 in view of imposition of lock down) as well as to consider and approve the revision in the issue size, issue price, rights entitlement ratio and other matters incidental thereto.

Monte Carlo Fashions Ltd

Monte Carlo Fashions Ltd

Other Apparels & Accessories

FV – Rs 10; 52wks H/L – 317/128; TTQ – 14 K; CMP – Rs 170 (As On June 24, 2020);                     

            Market Cap – Rs 351 Crs

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

 
Equity Capital
Net worth		 Debt
Total
Sales		 PAT
BV
(Rs)
EPS (Rs)
P/E
Industry P/E
P/BV
Promoter’s
Stake
FY19 20.73 484 45 656 60 233 28.7 5.9 31.1 0.7 67.91
Q3 FY20 20.73 556 178 627 73 265 34.8 4.9 31.1 0.6 68.2

 

Debt to Equity – 1

ROE – 12%

Market Cap/Sales – 0.5

Monte Carlo Fashions Limited announces a new range of products in the Medical Textile Range i.e. Face Masks (3 PLY Masks , KN9S Mask and N95 Mask) and Personal Protective Equipment (PPE Kit), keeping in view the requirements of medical workers and demand of consumers due to Novel Corona virus (COVID19).  https://www.bseindia.com/xml-data/corpfiling/AttachHis/5b9f09bc-512d-4467-b26c-a4032ae7ff94.pdf

Company had done buy back of Rs. 55 Crs (Rs.550 per share)in FY19 to reward shareholders through tender offer. Promoters have not participated in the buy back.

Overview:

  • Monte Carlo Fashions Ltd, established in 1984, is recognized as ‘Superbrand’ for woollen knitted apparels by Consumer Superbrands India since 2004. Under the umbrella brand of ‘Monte Carlo’, Company has a comprehensive product portfolio across woolen, cotton & cotton blended, home furnishing and kids segments.
  • The Company has various sub-brands under the Umbrella Brand ‘Monte Carlo.
  • The company has 3 manufacturing facilities in Ludhiana, Punjab – 1 for woolen apparels & 2 for cotton apparels.
  • The manufacturing facilities include facilities for product development, design studio and sampling infrastructure.
  • The company has recently started in-house manufacturing of cotton t-shirts and thermals.
  • The home furnishing products are outsourced from a network of job work entities.
  • The company has wide-spread retail presence across India through a judicious mix of EBOs, MBOs and national chain stores located in 22 states & 1 union territory

 

Source – Company Presentation

Management:

  • Jawaharlal Oswal – Chairman &MD
  • Raj Kapoor Sharma – CFO

Shareholding Pattern:

 

 

 

 

Major Holdings:

Non – Promoters % held
Kanchi Investments (Samara Capital) 9.40%
Goldman Sachs India 3.13%

 

Share Price Trend:

Price Snapshot:

 

Year Open (Rs.) High (Rs.) Low (Rs.) Close (Rs.)
2014 585 632.45 501.75 539.55
2015 537.45 602 381 545.6
2016 537.25 550.75 337 417.6
2017 420 640.1 370 615.6
2018 604 664 328.1 383.3
2019 382 395 216.05 299.05
2020 298.25 308.75 128 168.45

 

Consolidated Financials: (Rs. Crs unless specified)

Particulars
2019		 2018 2017 2016 2015
FV (Rs) 10 10 10 10 10
Equity 21 22 22 22 22
Net Worth 484 511 470 446 413
Total Debt 45 53 50 50 0
Sales 656 576 600 635 602
Net Profit 60 68 42 59 60
EPS (Rs) 28.7 31.3 19.5 27.1 27.5
BV (Rs) 233 235 216 205 190

 The major reasons for decrease in Net profit of the company is due to increase in advertisement costs and unspent amount of CSR for the previous years 2016-17, 2017-18 and current year 2018-19 has been paid during the year.

 

 

Daily Notification as on 23rd June,2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200623-38

1. Scrip code : 521070
Name : Alok Industries Ltd.
Subject : Clarification
With reference to significant movement in price, in order to ensure that investors have latest relevant information about the company and to inform the market so that the interest of the investors is safeguarded, Alok Industries Ltd has Clarified to BSE as under : “We are in receipt of your trailing email communication and have to reply as under: 1. We are just emerging out of a corporate insolvency resolution process under the provisions of the Insolvency and Bankruptcy Code, 2016 (Code) and have kept your Exchange fully apprised of the developments in this regard; 2. The process of implementation of the resolution plan approved by the appropriate authority under the terms of the Code is underway and we have kept your Exchange informed about the salient features of the approved resolution plan as also the steps taken by the resolution applicants for implementation; 3. We have kept your Exchange informed about the lockdown of our plants due to the COVID-19 pandemic as also their re-starting post receipt of appropriate guidelines / advisories; 4. We have thus, to the best of our knowledge and belief, intimated to your Exchange all the events, information etc. that have a bearing on the operations / performance of the company which includes price sensitive information, etc. 5. The increase in the volume of our security in the recent past appears to be based on market speculation and we have no other comment to offer on this development. ”

2. Scrip code : 500038
Name : Balrampur Chini Mills Ltd.
Subject : Corporate Action-Buy back
In terms of the Regulation 42 of the Listing Regulations and Regulation 9(1) of the Buyback Regulations, the Board has fixed Friday, 3rd July, 2020 as the Record Date for determining the entitlement and the names of the Eligible Shareholders / Beneficial Owners to whom the letter of offer will be sent and who will be eligible to participate in the Buyback.

3. Scrip code : 500620
Name : Great Eastern Shipping Co. Ltd.
Subject : Incorporation Of Wholly Owned Subsidiary – Great Eastern Services Limited
Further to our letter dated May 30, 2020, we wish to inform you that the Company has incorporated a wholly owned subsidiary named ‘Great Eastern Services Limited’ in Mumbai on June 23, 2020.

Daily Notification as on 22nd June,2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200622-49

1. Scrip code : 532727
Name : Adhunik Metaliks Ltd.
Subject : Letter Of Offer To Be Given To Eligible Public Shareholders For Delisting Of Shares Of The Company
In Accordance With The Approved Resolution Plan And The SEBI (Delisting Of Equity Shares) Regulations, 2009 (“Delisting Regulations”) In terms of Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015, as amended from time to time, please find attached herewith Letter of Offer by LHG Metal Two Private Limited to the Eligible Public Shareholders of the Company in terms of the Resolution Plan approved under the Insolvency and Bankruptcy Code, 2016 and in terms of the Delisting Regulations.

2. Scrip code : 504918
Name : Sandur Manganese & Iron Ores Ltd.,
Subject : Announcement Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015- Receipt Of Trading Approval This is in reference with our earlier letter dated 30 March 2020 informing that the Board of Directors has in its meeting held on 30 March 2020, in pursuance of order dated 04 March 2020 passed by Hon’ble National Company Law Tribunal sanctioning the Scheme of Amalgamation of Star Metallics and Power Private Ltd (Transferor Company)(SMPPL) with The Sandur Manganese & Iron Ores Limited (Transferee Company)(SMIORE) with their respective shareholders and creditors (the ‘Scheme’), allotted 2,51,941 shares to shareholders of SMPPL. We wish to inform that we are in receipt of e-letter dated 19 June 2020 from BSE Limited according approval for trading of 2,51,941 equity shares of Rs. 10/- each bearing distinctive nos. 8750001 to 9001941, issued pursuant to the Scheme, effective from Monday, 22 June 2020. Consequently, the listed equity share capital shall stand enhanced from Rs.8,75,00,000 to Rs.9,00,19,410 i.e. 90,01,941 equity shares of Rs.10 each.

3. Scrip code : 513262
Name : Steel Strips & Wheels Ltd
Subject : SSWL Receives New Orders For Close To Euro 100K From Europe & US
SSWL has bagged firm exports orders for over 12,000 wheels for EU & US Caravan Trailer & US Mobile Home Market to be executed within July from its Chennai plant. This reaffirms gradual re-start of operations in EU & US post Covid lockdown. Additional orders are expected in coming weeks from several other regular customers as the market begins to recover.

4. Scrip code : 516030
Name : YASH PAKKA LIMITED S
Subject : Corporate Action-Amalgamation/ Merger / Demerger
Approval of Draft Scheme of Merger by absorption of Yash Compostables Limited

Shri Renuka Sugar Ltd. (June 19, 2020)

 

 

Sugar

FV – Rs 1; 52wks H/L – 10.91/3.2; TTQ (Lac) – 3.47; CMP – Rs 7.69 (As On June 19, 2020); Market Cap – Rs 1474.03 Crs

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

Shri Renuka Sugars Ltd
Year Equity Capital Net Worth Long Term Debt Total Sales PAT BV EPS P/E P/BV Promoter’s Holdings
Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Rs %
2019/20 (9M) 192 1744 2228 3504 2095 9.10 10.93 0.53 0.85 50.03
2018/19 192 -3008 2524 4718 -2037 -15.69 -10.63 – – 50.05

 

One off profit from discontinued operations was Rs 2516 Cr for 9m FY20

 

Peer Comparison:

 

Shri Renuka Sugar (9m) Triveni Engg Balrampur (9m) Dhampur
Price (Rs) 7.69 53.9 128.9 129.7
FV (Rs) 1 1 1 10
Market Cap 1474 1336 2836 861
Equity 192 25 22 66
Net Worth 1744 1339 2173 1362
Total Debt 2228 1387 1526 1617
Sales 3504 4473 3019 3556
Net Profit 2095 335 278 216
EPS (Rs) 10.9 13.5 12.6 32.4
BV (Rs) 9.1 54.0 98.8 204.9
PE 0.5 4.0 7.7 4.0
PB 0.8 1.0 1.3 0.6
Crushing Capacity(TCD) 37500 76500 45500
Tonnage (MT) 1.01 0.483 0.766

 

Triveni Engg Crushing Capacity : 8.5 MT for fy 2020

  

 

Price Chart: 

About the Company :

 

Since 2019, Wilmar Sugar Holding Pte.Ltd has become the holding Company by acquiring 58.34% of stake

 

Shree Renuka Sugars is a global agribusiness and bio-energy corporation. The Company is one of the largest sugar producers in the world, the leading manufacturer of sugar in India, and one of the largest sugar refiners in the world. 

Sugar: The Company operates seven sugar mills in India with a total crushing capacity of 7.1 MTPA or 37,500 TCD and two port based sugar refineries with capacity of 1.7 MTPA.

 

Ethanol: The Company manufactures fuel grade ethanol that can be blended with petrol. Distillery capacity is 930 KLPD (630 KLPD from molasses to ethanol and 300 KLPD from rectified spirit to ethanol).KBK Chem-Engineering (100% subsidiary) facilitates turnkey distillery, ethanol and bio-fuel plant solutions

 

Power:The Company produces power from bagasse (a sugar cane by product) for captive consumption and sale to the state grid in India. Total Cogeneration capacity is 242 MW with exportable surplus of 135 MW.

 

Segment

FY 19

 Contribution % Amount (Rs. Crs)
Sugar 77.16 3689.37
Ethanol 11.06 528.63
Co Generation 8.46 404.49

 

Recent News: 

In a regulatory filing on June 3, the company said its board approved the proposal for raising funds from its holding company Wilmar Sugar Holdings through external commercial borrowings (ECB) to refinance existing debts.

“The board also passed resolutions for increasing the borrowing limits under Section 180(1)(c) of the Companies Act, 2013 (the Act) from the existing Rs 6,000 crore to Rs 10,000 crore, and the corresponding limits for creating a charge on the assets of the company to secure such borrowings under Section 180(1)(a) of the Act,” the company said.