November 12, 2021 - Jeena Scriptech Alpha Advisors

Fineotex Chemicals Ltd
Speciality Chemicals
FV – Rs 2; 52wks H/L – 146.1/35; TTQ – 2.24 Lacs; CMP – Rs 122 (As On November 12 , 2021);

Market Cap – Rs 1351 Crs

Consolidated Financials and Valuations for FY21 (Amt in Rs Crs unless specified)

Equity Capital	Net worth	Debt	Total Sales	PAT	BV (Rs)	EPS (Rs)	P/E	P/BV	Promoter’s Stake
22.15	209	3	236	45	19	4.06	30	6.4	64.74

Consolidated Financials and Valuations for FY20 (Amt in Rs Crs unless specified)

Equity Capital	Net worth	Debt	Total Sales	PAT	BV (Rs)	EPS (Rs)	P/E	P/BV	Promoter’s Stake
22.26	170	3	199	14	15	1.26	97	8.13	71.78

FCL will be commissioning its brownfield project in Ambernath, by June ’21 & as soft opening & expanding its capacities. Company have deployed around INR200 million for the plant, INR270 million for the project. The plant will be a state-of-the-art automized plant, which will comply to the highest standards of sustainability and boost growth.The capacity expansion would be around 36,000 tons a year.
Nippon India Small Cap Fund purchased 66,08,595 shares of the company at an average price of Rs 45.25 per share through a bulk deal.
Also, Tejas Tradefin LLP purchased 7,00,100 shares at Rs 47.28 per share.

Overview:
• Fineotex Chemical Ltd is one of the leading manufacturers of specialty chemicals for textiles, home care, hygiene & drilling specialities. Company manufactures range of specialty chemicals which improve process performance from the pre-weaving preparatory stage to finishing chemicals.
• The company has been already registered with municipal corporations as it has supplied to the KEM and Kasturba hospitals in the past. Therefore will help the company in catering demand from this segment.
• The company is witnessing big demand for disinfectant, sanitizers, house floor cleaners. The consumption level of these products has already gone very high.
• FCL is catering in India companies like Chenab, JCT, Auro Dyeing, Auro Textile, Mahavir Spinning, Nahar Group, Reliance, Sai Exports, Himmat Singka, GHCL, RaymondBanswara, Syntex, Sangam, Therefore almost all the biggest corporate houses, Welspun and Trident, are FCL’s customer.
• The company has 43000+ MT p.a installed capacities.
• The Company bought back 5,51,580 shares by utilizing Rs. 18.2 mn from cash reserves.

Management:
• Mr. Surendrakumar Tibrewala – CMD
• Mr. Sanjay Tibrewala – CFO

Share Price Trend:

Share Price Snapshot:

Financials:

Sources :
Investor Presentation
Concall Transcript

Daily Bulletin (11th November, 2021)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20211111-36

Scrip code : 524091

Name : Acrysil Ltd.

Subject : Announcement Under Regulation 30 (LODR) – Updates – Acrysil Limited Announces Additional Capacity Expansion By 20% (200,000 Quartz Kitchen Sinks P.A.), Thus Taking The Overall Capacity To 1.20 Million Sinks (1,200,000 Sinks) P.A. To Meet The Domestic & Global Demand.

Acrysil Limited (‘The Company’), largest manufacturer of ‘Quartz Kitchen Sinks’ in Asia with German Technology, has announced additional production capacity expansion by 20% (200,000 Quartz Kitchen Sinks p.a.) at Bhavnagar in Gujarat. Thus taking the Overall Capacity to 1.20 million sinks (1,200,000 sinks) p.a. from current announced capacity of 1 million sinks (1,000,000 sinks) p.a. The expansion in production capacity is to meet the growing demand of Quartz Kitchen Sinks in the Domestic & Global markets. The proposed Capital Expenditure involves an investment of Rs.20 Crores approx. in Building, Moulds, Plant & Machinery, Utilities and other related infrastructure. The project is likely to be completed by end of Q2 FY2023 and will be financed by mix of internal accruals and debt.

Scrip code : 500027

Name : Atul Limited.,

Subject : Announcement under Regulation 30 (LODR)-Acquisition

Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR), we inform you that the Company has formed Atul Healthcare Ltd (AHCL) as a Wholly-owned subsidiary of the Company. The details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are attached.

Scrip code : 514238

Name : Ikab Securities & Investment Ltd.

Subject : Updates on Open Offer

Fedex Securities Pvt. Ltd (“Manager to the Offer”) has submitted to BSE a copy of Detailed Public Statement in terms of Regulation 3(1) and 4 read with Regulation 13(4), 14(3) and 15(2) and other applicable provision of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 as amendments, for the attention of the Public Shareholders of Ikab Securities & Investment Ltd (“Target Company”).

Scrip code : 532832

Name : Indiabulls Real Estate Limited

Subject : Announcement under Regulation 30 (LODR)-Raising of Funds

This is to inform you that Indiabulls Real Estate Limited (the Company) proposes to issue Secured, Redeemable, Non-Convertible Debentures of face value Rs.10 lakh each aggregating upto Rs 75 crore, on a private placement basis, pursuant to a special resolution passed by the shareholders of the Company at its 15th Annual General Meeting held on September 30, 2021, on the terms and conditions as mentioned in attachment.

Scrip code : 530019

Name : JUBILANT PHARMOVA LIMITED

Subject : Groundbreaking Ceremony Hosted By Jubilant Hollisterstier LLC, USA, A Wholly-Owned Subsidiary Of The Company For Expansion Of Its Manufacturing Facility

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended and further to the disclosure made to the Stock Exchanges on May 31, 2021, we enclose a communication pertaining to the Groundbreaking Ceremony hosted by Jubilant HollisterStier LLC, USA, a wholly-owned subsidiary of the Company for expansion of its manufacturing facility. We request you to take the same on record.

Scrip code : 533098

Name : NHPC Limited

Subject : Formation Of Joint Venture Company For 500 MW Floating Solar Power Project

In continuation to our earlier letter dated 08.10.2021 and in compliance to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, it is to inform that the Board of Directors of Company in its meeting held today i.e. Thursday, November 11, 2021 has inter-alia considered and approved the proposal regarding formation of a Joint Venture Company (between NHPC Limited and Green Energy Development Corporation of Odisha Limited (GEDCOL)) for implementation of 500 MW floating Solar Power Project in various water reservoirs in the State of Odisha. The Board has also accorded its investment approval to contribute initial equity of Rs 7.4 Crore by NHPC Limited in the JV Company, to be promoted jointly by NHPC (74%) and GEDCOL (26%).

Scrip code : 543228

Name : Route Mobile Limited

Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition

Further to our letter dated October 9, 2021, it is hereby informed that our Company’s wholly-owned subsidiary, Route Mobile (UK) Limited (‘RML UK’), has successfully completed the acquisition of 100% equity stake of Masivian S.A.S., Columbia, South America. Consequently, Masivian S.A.S. has become wholly-owned subsidiary of RML UK and a step-down wholly-owned subsidiary of the Company w.e.f. November 11, 2021. The same is also uploaded on the Company”s website at www.routemobile.com. You are requested to take the above information on record.