BF Utilities (July 17, 2020)

BF Utilities

 

Market Cap: Rs  945 Crs

52 Week High/ Low: Rs 361/134 

 

Results: 

 

17/07/2020

BF Utilities
Year FV CMP Equity Capital Net Worth Long Term Debt Total Sales PAT BV EPS P/E P/BV Promoter’s Holdings
2020 Standalone

5

 250 18.83 130.51 3.7 23.76 2.51 34.7 0.7 375.1 7.2 55.99
2019 Standalone

5

 250 18.83 128.1

7

 49.8 27.16 34.0 7.2 34.7

7.3
2019 Consolidated

5

 250 18.83 -59.3 1660.8 469.3 71.9 -15.7 19.1 13.1

–

2018 Consolidated

 5 250 18.83 -98.7 1580 411.6 36 -26.2 9.6 26.2 –

 

The consolidated statements for 2020 are yet to be issued 

 

Standalone Segment Earnings:

 

2020 Revenue
Infrastructure 0.77
Wind Power 19.25

 

5 Year Historical Price Movement: 

BF Utilities is an Indian Holding company belonging to the Kalyani group with investments in Infrastructure and Wind Power Generation. 

 

Its wind farm project consists of approximately 50 wind energy generators of over 230 kilowatts and approximately 10 WEGs of over 600 kilowatts. 

 

Its subsidiaries include:

Nandi Infrastructure Corridor Enterprise Limited (NICE): NICE has an interest in the Bangalore Mysore Infrastructure Corridor Project, which is an infrastructure development project. BMIC Project consists of over 40 kilometres Outer Peripheral Road and over 10 kilometres Expressway up to Bidadi.

 

Nandi Highway Developers Limited:  NHDL has built and operates over 30 kilometres bypass road connecting the twin cities of Hubli and Dharwad in North Karnataka

 

Avichal Resources Pvt. Ltd.

 

Recent News: 

Investor Radhakishan Damani picked up a 1.3% stake (491000 shares) in the June quarter. 

 

Southern Petrochemicals Ltd

Southern Petrochemicals Ltd

Fertilizers
FV – Rs 10; 52wks H/L – 25.35/9.5; TTQ – 12 K; CMP – Rs 21 (As On July 17, 2020);                     

            Market Cap – Rs 436 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

FY20

 203.64 435 279 2090 67 21 3.3 6.4 9.43 1

52.79
FY19 203.64 371 367 2613 63 18 3.1 6.8 9.43 1.2

52.79

 

Debt to Equity – 0.64

ROE – 15

Market Cap/Sales – 0.2

  • During the quarter, the production and sale of Urea of the company were 1.05 lac MT and 1.16 lac MT and for the year production and sale of Urea stood at 5.50 lac MT and 5.54 lac MT respectively.
  • Of India on 17th June 2015, had permitted the companyto produce  Urea using Naptha as feedstock on existing provisions till assured supply of gas is made available.
  • Subsidy for the quarter and year end of Rs. 436 crs and 1702 crs has been accounted base don the provisional Retention Price (RP) computed in line with government’s policy.
  • During the year, the sale of tissue cultures recorded a sales turnover of Rs. 8 crs. The demand for the product was low due to unfavorable seasonal conditions and subsidy policy under National Horticulture Mission.
  • The Company has signed a Hospitality Agreement with Indian Oil Corporation for a period of two years from 1st July 2019 for using their Tank farm facility at Tuticorin Port premises for handling a part of SPIC’s Imported Naphtha shipments. This has facilitated SPIC for faster discharge of cargo and thereby minimizing the ship demurrage to a large extent.
  • One of the Associate companies is putting up a 24.7 MW floating solar power project in the Company’s water reservoirs which, when completed during this year, will reduce the cost of power. 

 

Overview:

  • Southern Petrochemical Industries Corporation (SPIC) Limited is one of the leading fertilizer manufacturing companies in the country located at Thoothukudi in the State of Tamil Nadu. It is a joint venture founded by Dr M A Chidambaram and Tamil Nadu Industrial Development Corporation Limited (TIDCO), a state-owned industrial development institution.
  • SPIC is one of the earliest units set up in the country with a vision to produce high quality fertilizers to improve the agricultural output of the country.
  • SPIC’s large fertilizer complex is capable of producing 6.2 lakh tons of Neem Coated Urea.
  • SPIC is a household name within the farming community due to its ability to enrich the soil consistently throughout the agricultural cycle with maximum nutrient use efficiency.
  • The Company is a Lead Fertilizer Supplier (LFS) for Tamil Nadu and Pondicherry, we have ensured the usage of 11,611 numbers of Point of Sales (PoS) devices out of 11,980 devices available in the States. The usage percentage is 97 % which is the highest in the country.

Products:

  • Chemical Fertilizers
  • Water soluble Fertilizers
  • Organic Fertilizers
  • Micro Nutrients
  • Plant Growth Regulators
  • Industrial Products

Management:

  • Ashwin C Muthiah – Chairman
  • K R Anandan – CFO

Shareholding Pattern:

Major Holdings:

Non – Promoters

 No. of shares held % shares held

Ruchit Bharat Patel

 7013442 3.44

Finquest Financial Solutions Pvt.Ltd

 6196897 3.04

Hardik B

 431559

2.12
LIC 3926725

1.93
Vibgoyar Investors & Developers Pvt. Ltd 2500000

1.23

 

Share Price Trend:

Share Price Snapshot:

Year

 Open (Rs.) High (Rs.) Low (Rs.) Close (Rs.)

2010

 15.85 35.2 15.8 25.3

2011

 25.45 37.75 14.05 14.45

2012

 14.55 23.1 12.75 15.55

2013

 15.7 21.3 6.7 12.71

2014

 12.66 30.25 10.07 23.5
2015 24 24.85 14.95

22.45
2016 23.2 27.3 17.6

18.75
2017 18.65 49.2 18.4

48.7
2018 48.8 58 23

26.35
2019 26.7 29.55 16.4

18.95
2020 19 25.35 9.5

21.4

 

Daily Notifications as on 17th July 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200717-45

1. Scrip code : 542667
Name : White Organic Retail Limited
Subject : Record Date For The Purpose Of Issue Of Bonus Shares
In pursuance to approval of shareholders received vide postal ballot, we request you to note that the Board of Directors have fixed the Record date (for shares held in physical as well as for the ones held in electronic mode) for the purpose of issue of bonus shares and the same is Wednesday, July 29, 2020 (subject to receipt of in-principal approval of the Exchange). Stakeholders are requested to kindly take this notice on record in pursuance of regulation 42 of SEBI(LODR) Regulations, 2015 and the not the one submitted earlier.

2. Scrip code : 531642
Name : Marico Limited
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
The Board approved the Scheme of Amalgamation between Marico Consumer Care Limited (a wholly owned subsidiary of the Company) and Marico Limited and their respective shareholders and creditors under Sections 230 to 232 of the Companies Act, 2013 and all other applicable provisions of the Companies Act, 2013 (‘the Scheme’). The Scheme is subject to the requisite statutory/regulatory approvals including the approval of jurisdictional National Company Law Tribunal (‘NCLT’), and the respective shareholders and creditors of the Company and Marico Consumer Care Limited (as may be directed by the NCLT). Disclosure pursuant to Regulation 30(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI LODR Regulations’) read with SEBI Circular No. CIR/CF/CMD/4/2015 dated September 9, 2015, is given in Annexure-I to this letter.

3. Scrip code : 505506
Name : Axon Ventures Limited
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
under section 230-232 of the Companies Act, 2013 of following companies in the company petition No. CSP 758/MB-II/2020. Proaim Enterprises Limited (First Transferor Company) Axon Ventures Limited (Second Transferor Company) Rockon Enterprises Limited (Third Transferor Company) With Banas Finance Limited (Transferee Company)