Daily Notifications as on 18th August 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200818-43

1. Scrip code : 524348
Name : Aarti Drugs Limited
Subject : Board to consider Bonus Issue
Aarti Drugs Ltd has informed BSE that the Board Meeting of the Board of Directors of the Company is scheduled to be held on August 20, 2020 to consider a proposal for issue of Bonus Shares. In pursuant to provisions of SEBI (Prohibition of Insider Trading) Regulations, 2015, read with Company’s Code on prohibition of Insider Trading, the Company is closing the “Trading Window” with immediate effect and it will remain closed until August 22, 2020 for the aforesaid purpose.

2. Scrip code : 540737
Name : Shree Ganesh Remedies Limited
Subject : Board to consider Bonus Issue
Shree Ganesh Remedies Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 21, 2020.

3. Scrip code : 501831
Name : Coastal Corporation Limited
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Announcement under Regulation 30 – Update on Scheme of Amalgamation.

4. Scrip code : 534076
Name : Orient Refractories Ltd.
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
We wish to inform you that an Appeal against the order dated 02.03.2020, in Company Scheme Petition no. 2199 / 2019 passed by Hon’ble National Company Law Tribunal, Mumbai in the matter of Amalgamation and Arrangement between Orient Refractories Limited and RHI India Private Limited & RHI Clasil Private Limited and their respective shareholders (“Scheme”), has been filed by the Company before the Hon’ble National Company Law Appellate Tribunal, New Delhi, on 13.08.2020. The said Appeal has been numbered as Comp. App. (AT) No. 128 / 2020 titled RHI India Pvt. Ltd. & Ors. v. Union of India, Ministry of Corporate Affairs.

5. Scrip code : 541206
Name : Orissa Bengal Carrier Limited
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
With reference to the captioned subject, please find enclosed herewith disclosure, received from Rishi Kumar and Sons forming part of the promoter group of the Company, under Regulation 7 (2) of SEBI (Prohibition of Insider Trading) Regulations, 2015 on purchase of shares in the Company in form C.

6. Scrip code : 500493
Name : Bharat Forge Ltd
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
Acquisition update regarding Aeron Systems Private Limited, Pune, India

7. Scrip code : 533217
Name : Hindustan Media Ventures Limited
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
This is in continuance to our letter of even reference dated 28th July, 2020 on the captioned subject. We have to inform that ‘Indicative time period for completion of acquisition’ of Compulsorily Convertible Preference Shares of Parijat Innovations Private Limited mentioned in clause (f) of Annexure-A to the abovementioned letter may be read as ‘On or before 1st October, 2020’. This is for information and record.

8. Scrip code : 541206
Name : Orissa Bengal Carrier Limited
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
With reference to the captioned subject, please find enclosed herewith disclosure, received from Rishi Kumar and Sons forming part of the promoter group of the Company, under Regulation 7 (2) of SEBI (Prohibition of Insider Trading) Regulations, 2015 on purchase of shares in the Company in form C.

9. Scrip code : 507685
Name : Wipro Ltd.
Subject : Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
Please refer to our earlier letter dated July 14, 2020 informing that Wipro has signed an agreement to acquire IVIA Serviços de lnformitica Ltda, a provider of IT solutions including system development, maintenance, consulting and project management services to clients in Brazil. In continuation to the aforesaid letter, this is to inform that the said acquisition has been completed on August 14, 2020. This is for your information and records.

Oil India

 

Oil India is the country’s second-largest hydrocarbon exploration and production public sector company

 

Financials: 

 

 

18/08/2020 52 W H/L: Rs 174/66 

Market Cap: Rs 10480 crs

Year CMP Fv Equity Capital Net Worth Long Term Debt Total Income PAT BV EPS P/E P/BV Promoter’s Holdings
Rs Rs Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Rs %
2020 97 10 1084 28849 12670 13317 3815 266 35.19 2.75 0.36 56.66
2019 10 1084 28974 10755 14907 3238 267 29.86
2018 10 757 29030 10690 11708 2735 384 36.14

Despite a rising PAT, the overall Networth fell due to the loss in Value of Indian Oil amounting to Rs 3943 crs in FY 20 routed through the Equity Instruments through Other Comprehensive Income section

Dividend Payout Policy: 

 

Oil India has a steady dividend payout policy like all other public sector companies. Usually, the company declares a final dividend in August or September. 

 

Dividend Payout ratio: 9.2% (only the Rs 9 interim dividend paid in Feb 2020is considered) 

 

Calendar Year Total Dividend
2020 9
2019 10.25
2018 15
2017 14.25
2016 16
2015 20

 

Recent Updates: 

 

On Monday, August 17th 2020, Oil India managed to cap an oil well blow out during worker maintenance in Assam’s Tinsukia district after 83 days (since May 27th). 

A total of 29,475 Metric Tonnes of Crude Oil and 69.71 Million Metric st Cubic Meter of Natural Gas have been Ibst respectively as a result of protests/blockades/ bandhs in and around Baghjan area since 27th May 2020 due to the Blowout. Bioremediation activities in affected areas are in progress.

Due to this, the future production capacity of the company may be impacted in the near term. 

 

Historical Price Chart:

Top 10 shareholders :

 

  1.  Life Insurance Corp of India – 12.0 %
  2.  Indian Oil Corp Ltd – 4.9 %
  3.  ICICI Prudential Asset Management – 3.1 %
  4.  Reliance Capital Trustee Co Ltd – 2.6 %
  5.  Hindustan Petroleum Corp Ltd – 2.5 %
  6. Bharat Petroleum Corp Ltd – 2.5 %
  7. Vanguard Group Inc –  1.0 %
  8. BlackRock Inc –  0.8%
  9.  ICICI Prudential Life Insurance Co – 0.4 1%
  10. WisdomTree Investments Inc –  0.4 %

 

Factors affecting future performance and Share Price Movement of Oil India : 

  1. The recovery of the Indian economy and the subsequent revival of demand for natural gas
  2. The time taken to recover from the oil well blowout and restore production capacity
  3. The repercussions and the compensations that will be provided to those affected by the blowout
  4. Movement of Crude Oil Prices 
  5. If the government decides to disinvest further.