Daily Bulletin (19th August, 2019)

by NotificationsScrip Scan

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20190819-33

1. Scrip code : 537092
Name : MODEX INTERNATIONAL SECURITIES LTD.
Subject : Corporate Action-Board recommends Bonus Issue
Modex International Securities Limited has informed BSE that the Board of Directors of the Company at its meeting held today, inter alia, considered and approved the following: Issue of Bonus Equity Shares by way of capitalization of a sum not exceeding Rs. 60,000,000/- (Rupees Six Crores) from and out of General Reserves, and/or the Securities Premium Account and/or the Retained Earnings in proportion of 1:1 i.e. 1 (One) new fully paid-up equity share of Rs. 10/- (Rupees Ten) each for every 1 (One) existing fully paid-up equity share of Rs. 10/- (Rupees Ten) each held, as on the record date, subject to the approval of the members at the ensuing Annual General Meeting. The ‘Record Date’ for reckoning eligible members entitled to receive Bonus Equity Shares will be intimated in due course.

2. Scrip code : 511768
Name : Master Trust Ltd.
Subject : Corporate Action-Intimation of Sub division / Stock Split
Intimation of Sub division/Stock Split and Corporate Action

3. Scrip code : 512237
Name : Jai Corp Limited
Subject : Board Meeting Intimation for Intimation Of Board Meeting.
JAI CORP LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/08/2019 ,inter alia, to consider and approve Inter alia, to consider and approve Scheme providing for merger of its Wholly Owned Subsidiary Company, Jai Realty Ventures Ltd. with Jai Corp Ltd.

4. Scrip code : 502219
Name : Borosil Glass Works Ltd.
Subject : Intimation Of Approval For Extension Of Time For The Purpose Of Holding Annual General Meeting Of The Company
The Company had made an application under Section 96 of the Companies Act, 2013 to the Registrar of Companies, Mumbai seeking its approval for an extension of time for the purpose of holding of the Annual General Meeting (AGM) of the Company for the accounting year ended 31-03-2019 by 3 months, in view of impending Composite Scheme of Amalgamation and Arrangement. In response thereof, the Registrar of Companies, Mumbai vide their letter dated 16-08-2019 (copy enclosed) granted extension of time for the purpose of holding AGM of the Company for the accounting year ended 31-03-2019, which was due to be held by 30-09-2019, by a period of 3 months. This is for your information and records.

5. Scrip code : 532541
Name : NIIT Technologies Limited
Subject : Post Offer Advertisement
JM Financial Ltd (“Manager to Open Offer”) has submitted to BSE a copy of Post Offer Advertisement in accordance with Regulation 18(12) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (as amended) (“Takeovers Regulations”) to the Public Shareholders of NIIT Technologies Ltd (“Target Company”).

6. Scrip code : 500360
Name : Rapicut Carbides Ltd.
Subject : Announcement under Regulation 30 (LODR)-Public Announcement-Open Offer
We are in receipt of a letter along with public announcement from the Pantomath Capital Advisors Private Limited, Manager to the Open Offer on behalf of Acquirer and PAC under Regulation 3(1) and 4 of SAST Regulations for acquiring 13,96,524 fully paid up equity shares of the Company. A copy of the said public announcement as received is enclosed for your records. You are requested to take note of the same.

7. Scrip code : 500111
Name : Reliance Capital Limited
Subject : Announcement under Regulation 30 (LODR)-Acquisition
we wish to inform that Reliance Underwater Systems Private Limited, has become a subsidiary of the Company. The information required to be submitted pursuant to Regulation 30 of the Listing Regulations, is attach in Annexure – I.

8. Scrip code : 500114
Name : Titan Company Limited
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Increase of stake in Carat Lane Trading Private Limited (Subsidiary Company)

9. Scrip code : 542649
Name : Rail Vikas Nigam Limited
Subject : Intimation Of 16Th Annual General Meeting, Book Closure And Fixation Of Record Date For Final Dividend
The 16th Annual General Meeting of RVNL will be held on Wednesday, 18.09.2019 at 11:30 AM at Manekshaw Centre, New Delhi-110010. 2.Members of the Company holding shares either in physical form or dematerialized form, as on Friday, 9.08.2019 (cut-off date), shall be entitled to receive the Annual Report for the FY 2018-19, either physically or through their registered email ID. 3.Register of Members and Share Transfer books of the Company shall remain closed from 11.09.2019 to 18.09.2019 (both days inclusive)for the purpose of 16th AGM. 4.The e-voting period commences on 14th September, 2019 at 9:00 AM and ends on 17.09.2019 at 5:00 PM. 5.The Board of Directors of the Company in its meeting held on 29.05.2019 had recommended final dividend @ Rs. 0.09 per share for the financial year 2018-19. Final Dividend, if approved at the Annual General Meeting, will be paid to the shareholders holding shares on record date fixed by the company i.e. 11.09.2019 end of the day.

10. Scrip code : 534309
Name : NBCC (India) Limited
Subject : Announcement under Regulation 30 (LODR)-Change in Directorate Pursuant to the Ministry of Housing and Urban Affairs (MoHUA) Office Order No. O-17034/81/2018-PS, dated August 16, 2019, Smt. Baldev Kaur Sokhey has assumed the charge of the post of Director (Finance) of NBCC (India) Limited with effect from August 16, 2019 (A/N) till June 30, 2024 i.e. the date of her superannuation, or until further orders whichever is earlier. Accordingly Shri Rakesh Kumar Arora ceased to be Director (Finance) of the Company with effect from August 16, 2019 (A/N). Pursuant to SEBI direction regarding Enforcement of SEBI Orders regarding appointment of Directors by listed companies and BSE Circular No. LIST/COMP/14/ 2018-19, dated June 20, 2018, & NSE Circular No. NSE/CML/2018/24, dated June 20, 2018, and based on the affirmation by Director, the Company hereby affirm that the Director being appointed is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.

11. Scrip code : 532822
Name : VODAFONE IDEA LIMITED
Subject : Announcement under Regulation 30 (LODR)-Change in Management Mr. Balesh Sharma has stepped down as the Chief Executive Officer of the Company with immediate effect due to personal reasons. The Board has, based on the recommendation of the Nomination & Remuneration Committee, approved the appointment of Mr. Ravinder Takkar, a Non – executive Director as the Managing Director and Chief Executive Officer of the Company for a period of three years effective from August 19, 2019.

Daily Bulletin (16th August, 2019)

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https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20190816-41

 Scrip code : 540545
Name : Bhakti Gems And Jewellery Limited
Subject : Board Meeting Intimation for Issue Of Bonus Shares
Bhakti Gems And Jewellery Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/08/2019 ,inter alia, to consider and approve 1. To consider increase in Authorised share capital of company and alteration of clause V of memorandum of association of company pursuant to increase in authorised share capital. 2. To consider the issue of Bonus Share. 3. Other Business with prior approval of chairman.

 Scrip code : 501430
Name : Bombay Cycle & Motor Agency Ltd.
Subject : Announcement under Regulation 30 (LODR)-Allotment Sub: Allotment of Bonus Equity Shares.
Ref: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 We wish to inform you that pursuant to issue of Bonus Shares approved by the members of the Company on August 05, 2019, the Board through circular resolution has approved the allotment of 200,000(Two Lakh) equity shares of Rs. 10/- each as fully paid up bonus equity share on August 15,2019, in the ratio of 1:1, to the eligible members whose name appear in the register of members/ list of beneficial owners as on August 14, 2019, being the record date fixed for this purpose

 Scrip code : 532051
Name : Swelect Energy Systems Limited
Subject : Announcement Under Regulation 30 (LODR) – Updates (In-Principle Approval For Bonus Issue)
Submission of in-principle approval received from Stock Exchanges with regard to issue of Bonus shares to the Equity Shareholders.Pursuant to Regulation 42(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors has fixed Friday, August 23, 2019 as the Record Date to determine eligible members entitled to receive 1 (one) equity share as Bonus share for every 2 (Two) existing equity shares held by the members. The bonus shares/certificates will be credited/dispatched to eligible members on or before 5th September 2019.

 Scrip code : 531212
Name : Nalin Lease Finance Ltd.
Subject : Announcement under Regulation 30 (LODR)-Meeting Updates
Subject: Notice of NCLT convened Meeting of Secured Creditors of Nalin Lease Finance Limited on Saturday, 14th September, 2019 at 02:00 P.M. Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, we would like to inform that the Notice of the Meeting of Secured Creditors of Nalin Lease Finance Limited dated August 7, 2019 was sent through registered post as well as e-mail on 14th August, 2019 for seeking approval for the Scheme of Amalgamation of Amee Finance Limited, Gandhi Shroff Services Private Limited, Nalin Services Limited and Nalin Services Consultancy Limited (the Transferor Company) with Nalin Lease Finance Limited (the Transferee Company) under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. The above Notices to Secured Creditors of the Company were sent pursuant to the directions of the Hon”ble National Company Law Tribunal, Bench at Ahmedabad in order dated July 26, 2019.

 Scrip code : 532515
Name : T.V.Today Network Limited
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement Further to our intimation dated July 23, 2019, we wish to inform you that Company has received corrected Order from Hon’ble National Company Law Tribunal, Principal bench, New Delhi today i.e. on August 16, 2019 in matter of Composite Scheme of Arrangement and Amalgamation amongst Mail Today Newspapers Private Limited (Transferor Company 1) India Today Online Private Limited (Transferor Company 2) and T.V. Today Network Limited (Transferee Company). The following rectification is made in the earlier Order as submitted: ‘The date 19.09.2018 be corrected to 08.09.2018 in para no.6 at Page 4 of the order dated 22.07.2019 passed in CAA-145 (PB)/2018.’ We request you to kindly take the same on record.

 Scrip code : 532966
Name : Titagarh Wagons Ltd
Subject : Announcement Under Regulation 30 (LODR) – Outcome Of The Meeting Of The Board Held On 14Th August, 2019
We write to inform you that the Board at its meeting held today, i.e. 14th August, 2019, has inter alia: 1. In review of the draft Scheme of Amalgamation (‘Scheme’) which was earlier approved by the Board at its meeting held on 30th May, 2019 (adjourned from 29th May, 2019) excluded one of the Transferor companies, namely Titagarh Enterprises Limited from the Scheme and decided to proceed with amalgamation of Cimmco Limited and Titagarh Capital Private Limited with the Company 2. Taken on record that the Commercial Court of Paris dated 13th August, 2019 has approved a plan for transfer of business and assets of the Company’s erstwhile wholly-owned Subsidiary in France: Titagarh Wagons AFR (‘TWA’), to another bidder and ordered for liquidation of TWA. The Board has also noted that the Company was no longer in control of TWA w.e.f. 4th June, 2019 being the date when the start of the Rehabilitation Procedure was approved by the Court.

 Scrip code : 532527
Name : ramkrishna forgings Ltd.
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Pursuant to Regulation 30 of the LODR Regulations, we wish to inform you that the resolution plan submitted for the corporate insolvency resolution of ACIL Limited by Ramakrishna Forgings Limited as the resolution applicant has been approved by the committee of creditors of ACIL Limited at its meeting held on 14 August 2019, under the terms of the Insolvency and Bankruptcy Code, 2016 and subject to obtaining necessary approval from the Principal Bench of the National Company Law Tribunal, New Delhi. We have also accepted the letter of intent dated 14 August 2019, issued to us by the committee of creditors of ACIL Limited.

 Scrip code : 541578
Name : Varroc Engineering Limited
Subject : Announcement under Regulation 30 (LODR)-Acquisition
We wish to inform you that Board of Directors of the Company at their meeting held on August 9, 2019, approved the execution of Share Purchase Agreement for initial acquisition of 74% equity stake in the Pune – based CarlQ Technologies Private Limited

 Scrip code : 500304
Name : NIIT Ltd.
Subject : Disclosure Under Regulation 30 Of The Securities Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulation, 2015
In terms of Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015 (“Listing Regulations”) read with Part A of Schedule III of Listing Regulations, we wish to inform you that NIIT Limited (“Company”) has entered into a Share Purchase Agreement dated August 10,2019, with Genpact Consulting (Singapore) Pte. Ltd. (“Genpact”) and NIIT Institute of Process Excellence Limited (“NIPE”).

 Scrip code : 509631
Name : HEG Ltd.
Subject : Announcement under Regulation 30 (LODR)-Change in Directorate Appointment of Shri Jayant Davar, as an Additional Director (Independent) on the Board of the Company.

Daily Bulletin (14th August, 2019)

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https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20190814-36

1. Scrip code : 540078
Name : Mitsu Chem Plast Limited
Subject : Board to consider Bonus Issue
Mitsu Chem Plast Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 21, 2019, inter alia, to: 1. To consider and approve increase in Authorised Share Capital of the Company. 2. To consider and approve the Issue of Bonus.

2. Scrip code : 500164
Name : Godrej Industries Ltd.
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Approved modification to the Scheme of Arrangement (Demerger) between Ensemble Holdings & Finance Limited (a Wholly Owned Subsidiary of Godrej Industries Limited) and Godrej Industries Limited and their respective Shareholders:- In continuation to the approval granted by the Board of Directors of the Company at its Meeting held on February 13, 2019 for the Scheme of Arrangement (Demerger) between Ensemble Holdings & Finance Limited and Godrej Industries Limited and their respective Shareholders (‘the Scheme’) under Sections 230-232 and other applicable provisions of the Companies Act, 2013, the Board has modified the ‘Appointed Date’ for the Scheme from April 1, 2019 to October 1, 2019. The Scheme is subject to approval of the Mumbai Bench of the Hon’ble National Company Law Tribunal (‘NCLT’), the Reserve Bank of India, the Central Government and Shareholders and Creditors of both the companies, as may be directed by the Hon’ble NCLT.

3. Scrip code : 503101
Name : Marathon Nextgen Realty Ltd
Subject : Announcement Under Regulation 30 (LODR)-Updates
We wish to inform that the Board of Directors of the Company at their meeting held on August 12, 2019, discussed broad details of Merger of its wholly-owned subsidiary, viz., Marathon Nextgen Township Pvt Ltd, with the Company, effective from April 1,2019, subject to necessary approvals .

4. Scrip code : 502986
Name : Vardhman Textiles Limted
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Pursuant to Regulation 30 of the Listing Regulations, we are pleased to inform you that the board of directors of Vardhman Textiles Limited (‘Company”), at its meeting held on August 13, 2019, considered and approved the scheme of arrangement amongst VMT Spinning Company Limited, VTL Investments Limited, Vardhman Nisshinbo Garments Company Limited, Vardhman Acrylics Limited (‘Transferor Companies’), and the Company, and their respective shareholders and creditors, in relation to the merger of the Transferor Companies with and into the Company (‘Scheme’). The Scheme is subject to the necessary approvals from the shareholders and creditors of the Transferor Companies and the Company and other statutory and regulatory approvals under applicable laws, including the approval from the National Company Law Tribunal, Chandigarh Bench (‘NCLT’) and approvals from the Stock Exchanges and the SEBI in accordance with the Listing Regulations and SEBI circulars.

5. Scrip code : 505537
Name : Zee Entertainment Enterprises Ltd.
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
Acquisition of Balance 26% equity Stake in Zee Network Distribution Ltd

6. Scrip code : 507894
Name : Schablona India Ltd
Subject : Board Meeting Intimation for Consider And Approve The Scheme Of Amalgamation Of The Company With Somany Ceramics Limited And Other Connected Matters
SCHABLONA INDIA LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/08/2019 ,inter alia, to consider and approve the Scheme of Amalgamation of the Company with Somany Ceramics Limited and other connected matters.

7. Scrip code : 513642
Name : Axel Polymers Ltd.
Subject : Board Meeting Intimation for To Consider The Proposal Of The Scheme Of Amalgamation Of Dhara Petrochemicals Private Limited With Axel Polymers Limited And Their Respective Shareholders And Creditors
AXEL POLYMERS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/08/2019 ,inter alia, to consider and approve the proposal of the Scheme of Amalgamation of Dhara Petrochemicals Private Limited with Axel Polymers Limited and their respective shareholders and creditors pursuant to Section 230 to 232 and other applicable provisions, if any, of the Companies Act, 2013 read with relevant rules framed thereunder and subject to statutory approvals and also to take on record various documents in relation to the same. Further, in compliance with the provisions of SEBI (Prohibition of Insider Trading) Regulations, 2015 [including any statutory modification(s) or re-enactment(s) thereof for the time being in force] and in terms of Insider Trading Policy of the Company, the Trading Window for dealing in securities of the Company has been closed for all (Insiders) Directors/Officers/Designated Persons/Connected Persons of the Company from 14th August, 2019 to 23rd August, 2019 (both days inclusive). We request you to take the note of the same.

8. Scrip code : 500228
Name : JSW Steel Limited
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Hon”ble NCLT, Ahmedabad has pronounced the order sanctioning the scheme of Amalgamation of DMMPL and DCPL and JSPCL and JSW Salav with JSW Steel Limited.

LT Finance Holdings Ltd

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LT Finance Holdings Ltd
Finance (Including NBFC’s)
FV – Rs 10; 52wks H/L –189.55/111.2; TTQ – 2.95 Lacs; CMP – Rs 123 (As On May 7, 2019);                      

            Market Cap – Rs 24615 Crs

Consolidated Financials and Valuations for FY19 (Amt in Rs Crs unless specified)


Equity Capital
Net worth		 Long Term Debt
Total
Sales		 PAT
BV
(Rs)
EPS (Rs)
P/E
Industry P/E
P/BV
Promoter’s
Stake		 Beta
1998.81 13450 35785 12990 3052 67 15.3 8 31.52 1.8 63.91 1.77

 

Consolidated Financials and Valuations for FY18


Equity Capital
Net worth		 Long Term Debt
Total
Sales		 PAT
BV
(Rs)
EPS (Rs)
P/E
Industry P/E
P/BV
Promoter’s
Stake		 Beta
1995.67 11407 51043 10500 1465 57 7.38 16.7 31.52 2.2 63.91 1.77

 

Valuation Parameters:

  1. Long Term Debt to Equity – 2.7
  2. ROE % – 23
  3. Market Cap/Sales – 1.9

 

L&T Finance putting in place a plan to achieve top quartile ROE year after year. https://economictimes.indiatimes.com/markets/expert-view/lt-finance-putting-in-place-a-plan-to-achieve-top-quartile-roe-year-after-year-dinanath-dubhashi/articleshow/69112988.cms

L&T Finance Holdings eyes CAGR of 18-20% over next five years, says Dubhashi. https://www.cnbctv18.com/real-estate/lt-finance-holdings-eyes-cagr-of-18-20-over-next-five-years-says-dubhashi-3132671.htm

Overview:

  • L&T Finance Holdings Ltd is a non-banking financial institution-core investment company.
  • The Company’s segments include Retail and MidMarket Finance.
  • It offers a range of financial products and services across retail, corporate, housing and infrastructure finance sectors, as well as mutual fund products and investment management services.
  • With a total loan book size exceeding 57000 Crs and Pan-India reach with 700+ points of presence in 24 states.

Book Size:

Business Book Size
  (Rs.Crs)
Rural 16457
Housing 18898
Wholesale 46759
Total 82114

 

Management:

  • Dinanath Dubhashi – CMD
  •  Sachinn Joshi – CFO

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diana Tea Ltd

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Diana Tea Ltd
Tea & Coffee
FV – Rs 5; 52wks H/L –33.2/17.10 ; TTQ – 15 K ; CMP – Rs 27 (As On December 28, 2017);                       

  Market Cap – Rs 40 Crs

Financials and Valuations  (Amt in Rs Crs unless specified)

 
Equity Capital
Net worth		 Long Term Debt
Total
Sales		 PAT
BV
(Rs)
EPS (Rs)
P/E
Industry P/E
P/BV
Promoter’s
Stake		 Beta
FY17 7.5 70 6 54 2.4 47 1.6 17 50.45 0.6 61.34 0.50
H1 FY18 7.5 69 6 33 7.2 47 4.8 6 50.45 0.6 61.34 0.50

 

Mr. Sandeep Singhania is the MD of the Company.

Company’s own crop was 100246 kgs. during the season. Quantity manufactured out of bought leaf was 356302 kgs.

Particulars (FY17) Qty (Kgs)
Green Leaf Harvested 13296052
Green Leaf Purchased 1680414
   
Actual Production 3405850
Opening Stock 356543
Closing Stock 326961
Gross Sales 3445992

 

Average yield of the gardens are 22 quintals.

Land and Plantation valued at Rs.47 Crs.

The company has invested Rs.20 Crs in Janak Steel Tubes Ltd of Rs.100 each

Safari Industries Ltd

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Safari Industries Ltd
Other Apparels & Accessories
FV – Rs 10; 52wks H/L – 1744/855.1; TTQ – 14; CMP – Rs 1450 (As On August 21, 2017);                      

            Market Cap – Rs 603 Crs

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


Equity Capital
Net worth		 Long Term Debt
Total
Sales		 PAT
BV
(Rs)
EPS (Rs)
P/E
Industry P/E
P/BV
Promoter’s
Stake		 Beta
4.15 100 3 360 9.84 241 23.71 25.43 26.6 2.5 61.98 1.23

 

Consolidated Financials and Valuations for FY16


Equity Capital
Net worth		 Long Term Debt
Total
Sales		 PAT
BV
(Rs)
EPS (Rs)
P/E
Industry P/E
P/BV
Promoter’s
Stake		 Beta
4.15 91 3 279 7.75 219 18.7 32.2 26.6 2.75 61.98 1.23

 

Valuation Parameters:

  1. Long Term Debt to Equity – 0.03
  2. ROE % – 10
  3. Market Cap/Sales – 1.7

The company has aggressive growth ambitions and targets to become Rs 1000 Crs company in next three-four years. http://www.moneycontrol.com/news/business/stocks-business/lug-vip-and-safari-for-a-profitable-journey-2291641.html

During the year, there was a fire at the Halol plant of the Company and Properties & Inventories lying there were damaged. The loss due to the fire was assessed at ` 81 lacs and since the properties and inventories were adequately covered, the insurance company paid a claim of ` 75 lacs towards the said loss.

The Company is becoming multi brand as during the year it acquired brands like Genius & Magnum and also signed a distribution agreement for India with ANTLER, a popular luggage brand in UK.

Overview:

  • Safari Industries (India) Ltd is engaged in manufacturing and trading of luggage travel goods.
  • The Company’s product range includes polycarbonate (PC) zippered luggage.
  • It also offers products under various categories, such as laptop bags and backpacks.
  • Its Polycarbonate Trolley bags include Traffik Red Colored 4 Wheel Trolley-55 centimeters (cms), Safari Pepper Small Red PC 4 Wheel Trolley and DNA Purple Colored 4 Wheel Trolley-55 cms.
  • Its Duffle bags include Tridex Red Colored Rolling Duffle -55 cms and Revv Brown Colored Rolling Duffle-55 cms.
  • Its Backpacks include Genius Genie Polyester 43 cms Blue Softsided Children’s Backpack, Genius Genie Polyester 48 cms Pink Softsided Children’s Backpack, Safari Emerge Grey Causal Backpack and Genius Young Adults Polyester 48 cms Green Softsided Children’s Backpack.
  • Its Trolley bags include Curv Brown Colored 2 Wheel Trolley-55 cms, Curv Purple Colored 2 Wheel Trolley-55 cms and Tergo Maroon Colored 2 Wheel Trolley-75 cms.
  • The Company operates from 50+ exclusive retail stores.

Market Overview:

  • The overall luggage market in India is roughly Rs 7000-8000 Crs, according to market estimates, with organised players controlling 40 percent.
  • The growth of travel infrastructure such as roads, airports and railway stations have contributed significantly to the development of the travel industry in India. Over the years, both domestic and international air travel have consistently grown in double-digits.
  • Samsonite, VIP and Safari constitute approximately 95 percent of the total organised sector of the luggage industry. Brands like Delsey, Tommy Hilfiger to name a few, account for the rest. VIP is the leader with an almost 50% market share, followed closely by Samsonite (45%). Safari accounts for the rest (5%).

Management:

  • Sudhir Jatia – CMD
  •  Vineet Poddar – CFO

Major Non – Promoter Holdings:

Non – Promoters No.of shares held % of shares held
Tano India Private Equity Fund II 830000 20
Central Park Securities Holding Private 83585 2.01

 

 

Consolidated Financial Trends (In Rs. Crs) :

Particulars FY17 FY16 FY15 FY14 FY13 FY12 FY11
Equity Paid Up 4.15 4.15 4 3 3 3 3
Networth 100 91 74 12 12 13 14
Total Debt 42 58 33 51 22 17 13
Net Sales 360 279 217 167 94 62 67
Other Income 1 1 6 1 1 0.3 1
PAT 9.84 7.75 4.26 0.12 -0.62 -0.71 2.64
Book Value (Rs) 241 219 185 40 40 43 47
EPS (Rs) 23.71 18.67 10.65 0.40 -2.07 -2.37 8.80

 

Soft luggage is a major contributor to sales. With the right product offering, the company is trying to cater to the change in consumer preferences towards the convenience of light and wheeled travel products and away from heavier products without wheels.

Due to intense competition, only some increases were passed on to customer through price increases which partially but not fully offset these increased costs. Prices of polymer, aluminum and polycarbonate, the basic raw material for hard luggage, remained under control due to softening of crude prices. 

Peer Comparison:

  1. VIP Industries Ltd
  • VIP Industries, manufactures a range of hard-sided and soft-sided luggage including trolleys, suitcases, duffels and overnight travel solutions, executive cases, backpacks and school bags.
  • Key brands are VIP, Skybags, Alfa, Aristocrat, Carlton, and Caprese.
  • VIP is now the second largest player in the world and largest in Asia.
  • The company derives ~45 percent of its sales from the VIP brand, 27 percent plus from Skybags brand, 20 percent from Aristocrat and Alfa combined, and ~8 percent combined from premium Carlton and Caprese brands.
  1. Safari Industries Ltd
  • Safari has become a serious challenger in the past few years especially in the value segment with its aggressive growth strategy.
  • This company is rapidly spreading itself through mass-premium section and is planning to revamp the entire portfolio for more aggressive expansion.
  • It has acquired Genius Leathercraft and with that the brands like Genius, Magnum, Activa, Orthofit, all came into the Safari basket.
  • It has also forayed into school bags segment.
Particulars (FY17) VIP Industries Ltd Safari Industries Ltd
Face Value (Rs.) 2 10
CMP (Rs.) 213 1450
Market Cap (Rs.Crs) 3010 603
Equity Capital (Rs.Crs) 28.26 4.15
Networth (Rs.Crs) 380 100
Total Debt (Rs.Crs) NIL 42
Net Sales (Rs.Crs) 1281 360
PAT (Rs.Crs) 83.86 9.84
EPS (Rs.) 5.934890304 23.71
P/E 35.88945862 25.43
Book Value (Rs.) 26.89313517 241
P/BV 7.920236842 2.5
ROE % 22.06842105 10
Debt/Equity NIL 0.42

 

Jaiprakash Associates Ltd

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Jaiprakash Associates Ltd
Construction & Engineering
FV – Rs 2; 52wks H/L – 29.65/6.1; TTQ – 65 Lacs; CMP – Rs 27 (As On July 25, 2017);                      

            Market Cap – Rs 6665 Crs

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


Equity Capital
Net worth		 Long Term Debt
Total
Sales		 PAT
BV
(Rs)
EPS (Rs)
P/E
Industry P/E
P/BV
Promoter’s
Stake		 Beta
486.49 3810 26640 14260 -9413 19 -38.7 – 19.74 1.7 39.28

–

 

Consolidated Financials and Valuations for FY16


Equity Capital
Net worth		 Long Term Debt
Total
Sales		 PAT
BV
(Rs)
EPS (Rs)
P/E
Industry P/E
P/BV
Promoter’s
Stake		 Beta
486.49 13084 53379 17407 -3345 54 -13.8 – 19.74 0.5 39.34

–

 

Valuation Parameters:

  1. Long Term Debt to Equity – 7
  2. ROE % – NA
  3. Market Cap/Sales – 0.5

The Company has an an order book of over Rs 10,000 crore and E&C business shows good prospects looking at India’s requirement of infrastructure. The Company will also be participating in irrigation, tunnels, hydro and metro projects and has the needed capacity to grow the EPC business and will endeavour to reach revenue of around Rs 6000 Crs by FY20 from this stream. http://economictimes.indiatimes.com/markets/expert-view/jaiprakash-associates-aims-to-be-debt-light-even-zero-debt-manoj-gaur/articleshow/59483511.cms

 The Company has executed an agreement with Orient Cement Ltd for acquisition of Company’s 74% equity stake in Bhilai Jaypee Cement based on Enterprise Value of Rs.1450 Crs on cash free and Debt free basis. http://www.bseindia.com/xml-data/corpfiling/AttachHis/7c582ce7-a0c2-428e-bfaf-7714dc18de61.pdf

The Company has received Letter of Award from M/s National Highway Authority of India for the work of Four Laning of Biju Para – Kuru Section of NH-75 in the State of Jharkhand and the Contract Price is Rs. 144.1 Crs.

The Company along with its subsidiaries is the third largest cement producer in the country with 32.85 MTPA operative capacity.

Rs. 6960 Crs are in Projects under Development as per 31st March 2016

Restructuring:

The restructuring would involve division of the nearly Rs 30000 Crs debt into three parts. The first portion of about Rs 10000 Crs debt would be moved off the company’s balance sheet as it sells a significant portion of its cement businesses to UltraTech Cement Ltd. About Rs 13000 Crs worth land holdings of the company would be carved out as a special purpose vehicle under the control of the lenders and subjected to a long-term repayment schedule through sale of these properties.

The remaining debt would continue on the company’s books, representing the indebtedness of the remaining sustainable businesses. These would include the company’s residual cement business, engineering procurement and construction (EPC) business, five luxury hotels, power plants, a hospital and a sports business.

https://www.bloombergquint.com/business/2017/06/27/jaiprakash-associates-lenders-icici-bank-restructure-debt-three-parts

Overview:

  • Jaiprakash Associates Limited is a diversified infrastructure company.
  • The Company’s principal business activities include engineering, construction and real estate development, and manufacture of cement.
  • Its segments include Construction, which includes civil engineering construction/engineering, procurement and construction (EPC) contracts/expressway; Cement, which includes manufacture and sale of cement and clinker; Hotel/Hospitality, which includes hotels, golf course, resorts and spa; Sports Events, which includes sports-related events; Real Estate, which includes real estate development; Power, which includes generation and sale of energy; Investments, which includes investments in subsidiaries and joint ventures for cement, power, expressway and sports, among others, and Others, which includes coal, waste treatment plant, heavy engineering works, hitech castings and man power supply, among others.
  • It has operations in Haryana, Madhya Pradesh, Gujarat and Jharkhand, among others.
  • The Company has 21 Subsidiaries engaged in different business activities.

Management:

  • Manoj Gaur – CEO
  • Rahul Kumar – CFO

Divestment Initiatives:

  1. Sale of  Cement Plants in Gujarat by JCCL (Rs.3800 Crs)
  2. Sale of stake in Bokaro Jaypee Cement Ltd (Rs. 668 Crs)
  3. Sale of Cement Grinding Unit of the Company at Panipat, Haryana (Rs. 360 Crs)
  4. Sale of Baspa – II by JVPL (Rs. 9700 Crs)
  5. Sale of wind Power plants of 49 MW of the Company (Rs. 161 Crs)
  6. Sale of Cement Plants (Rs. 16189 Crs)

 

The Equity Capital is @ Rs 486.49 Crs consisting of 2432456975 equity Shares of FV Rs 2 currently held 

19.96% Of the Promoter’s Holding is pledged.

Major Non – Promoter Holdings:

Non – Promoters No. of Shares held % of Shares held
Orbis Sicav 110906583 4.56
Orbis Global Equity Fund 35389474 1.45
Societe Generale 27357474 1.12
Life Insurance Corporation of India 108934905 4.48
Rakesh Jhunjhnwala 25000000 1.03

 

 

Non – Current Investments: (Equity – Quoted fully paid up)

Name No. of shares Rs. In Lacs
Capital Trust Ltd 15350 2
Indian Overseas Bank 721600 72
PNB Gilts Ltd 221200 50
TFCI 25000 5
Total   129

 

Segmented Results:

Particulars 31-03-2017 31-03-2016
Segment Revenue:    
Cement & Cement Products 5217 7042
Construction 1445 2196
Power 4283 4382
Hotels/Hospitality & Golf Course 239 238
Sports Events 18 21
Real Estate  – –
Investments 1013 2951
Infrastructure 2186 2417
Fertilizers 197 87
Health Care 71 138
Others Unallocated 4 1
     
Segment Results:    
Cement & Cement Products -384 -83
Construction -357 109
Power 902 2034
Hotels/Hospitality & Golf Course 9 7
Sports Events -139 -186
Real Estate -43 184
Investments 2 -1
Infrastructure -289 978
Fertilizers 188 168
Health Care -87 -32
Others Unallocated -30 -40

 

Snapshot of Prices :

Year Open
(Rs.)		 High

(Rs.)

 Low

(Rs.)

 Close

(Rs.)
2004 117 195.1 73.45 189.95
2005 186 404 170 388.8
2006 388 740 280 726.4
2007 728.45 2,177.00 370.1 426.05
2008 430 510 47.05 83
2009* 84 270 60.05 146.9
2010 148 167.8 98.2 105.9
2011 107 110.55 51.25 52.4
2012 52.8 106.75 50.45 97
2013 97.9 102.55 28.4 54.5
2014 54.75 89.85 23.05 25.1
2015 25.1 29.45 7.95 11.46
2016 12.05 13.39 5.3 8.07
2017 8.05 29.65 7.9 27.75
  • Bonus Issue 1:2

 

Consolidated Financial Trends (In Rs. Crs) :

Particulars FY17 FY16 FY15 FY14 FY13 FY12 FY11
Equity Paid Up 486.49 486.49 486.49 443.82 443.82 425.29 425.29
Networth 3810 13084 1496 10270 12553 11478 10779
Total Debt 30190 58250 61285 61101 55678 45371 41171
Net Sales 14260 17407 19812 19976 19129 15120 11630
Other Income 174 86 146 142 158 247 255
PAT -9413 -3345 -1735 -824.84 461.79 632.92 1792.82
Book Value (Rs) 16 54 6 46 57 54 51
EPS (Rs) -38.7 -13.8 -7.1 -3.7 2.1 3.0 8.4

 

The finance cost aggregating Rs.3679 Crs and high provision for depreciation of Rs.912 Crs were the two major factors leading to poor operating results of the Company.

Liabilities Directly Associated with Assets in Disposal Group Classified as held for Sale amounts to be Rs. 2031 Crs.

Jyothi Laboratories Ltd

by Scrip Watch

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)


Equity Capital
Net worth		 Long Term Debt
Total
Sales		 PAT
BV
(Rs)
EPS (Rs)
P/E
Industry P/E
P/BV
Promoter’s
Stake		 Beta
18.17 1089 6 1760 204 60 11.24 32.2 54.51 6 66.89 0.43

 

Consolidated Financials and Valuations for FY16


Equity Capital
Net worth		 Long Term Debt
Total
Sales		 PAT
BV
(Rs)
EPS (Rs)
P/E
Industry P/E
P/BV
Promoter’s
Stake		 Beta
18.11 846 7 1657 158 47 8.72 41.5 54.51 7.7 66.89 0.43

 

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:

Sr.No Non – Promoters No. of shares held % of shares held
1 Sundaram Mutual Fund 1835000 1.01
2 Fidelity Investment Trust – Fidelity Series International Small Cap Fund 3611337 1.99
3 Emblem FII 3075000 1.69
4 Parvest Equity India 2264722 1.25
5 ICICI Prudential Life Insurance Company Limited 5950697 3.28
6 Prazim Trading and Investment Co. Pvt. Ltd. 4388955 2.42

 

Consolidated Financial Trends (In Rs. Crs) :

Particulars FY17 FY16 FY15 FY14 FY13 FY12 FY11
Equity Paid Up 18.17 18.11 18.1 18.1 16.13 8.06 8.06
Networth 1089 846 780 734 583 612 631
Total Debt 156 54 449 527 552 562 66
Net Sales 1760 1657 1520 1328 1107 936 643
Other Income 11 10 7 4 8 28 17
PAT 204.15 157.96 121.12 81.21 19.65 44.58 68.76
Book Value (Rs) 60 47 43 41 36 76 78
EPS (Rs) 11.24 8.72 6.69 4.49 1.22 5.53 8.53

 

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

Particulars FY18
Projected Sales (Rs.Crs) 1971
Projected PAT (Rs.Crs) 228
Projected EPS (Rs.) 13
Projected Price (Rs.) 428
 Forward P/E 33

 

 

Sandur Manganese & Iron Ore Ltd

by Scrip Watch

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)


Equity Capital
Net worth		 Long Term Debt
Total
Sales		 PAT
BV
(Rs)
EPS (Rs)
P/E
Industry P/E
P/BV
Promoter’s
Stake		 Beta
8.75 415 – 429 54.4 474 62.2 12.9 10.17 1.7 72.43 1.99

 

Consolidated Financials and Valuations for FY16


Equity Capital
Net worth		 Long Term Debt
Total
Sales		 PAT
BV
(Rs)
EPS (Rs)
P/E
Industry P/E
P/BV
Promoter’s
Stake		 Beta
8.75 364 – 275 7.39 416 8.44 94.8 10.17 1.9 72.43 1.99

 

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:

Non – Promoters No. of shares held % of shares held
Sagar Mal 149135 1.7
Madhuri Omprakash Damani 100650 1.15

 

 

Consolidated Financial Trends (In Rs. Crs) :

Particulars FY17 FY16 FY15 FY14 FY13 FY11
Equity Paid Up 8.75 8.75 8.75 8.75 8.75 8.75
Networth 415 364 359 337 301 286
Total Debt – 25  – – –  –
Net Sales 429 275 356 347 219 367
Other Income 5 6 5 18 10 4
PAT 54.4 7.39 25.48 36.81 24.93 232.89
Book Value (Rs) 474 416 410 385 344 327
EPS (Rs) 62.2 8.4 29.1 42.1 28.5 266.2

 

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

by Scrip Watch

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)


Equity Capital
Net worth		 Long Term Debt
Total
Sales		 PAT
BV
(Rs)
EPS (Rs)
P/E
Industry P/E
P/BV
Promoter’s
Stake		 Beta
57.20 736 3245 2342 17.30 129 3.02 33.8 21.72 0.8 67.76 1.71

 

Standalone Financials and Valuations for Q3 FY17


Equity Capital
Net worth
Total
Sales		 PAT
BV
(Rs)
TTM EPS (Rs)
TTM P/E
Industry P/E
P/BV
Promoter’s
Stake		 Beta
57.20 58 907 -28.89 10 -5.06 – 21.72 10.2 67.76 1.71

 

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 8th 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:

Sr.No Non – Promoters No. of Shares held % of shares held
1 SA 1 Holding Infrastructure Company Pvt Ltd 4165884 7.28
2 Tara India Holdings A Ltd 1821107 3.18
3 Aadi Financial Advisors LLP 1812898 3.17
4 UTI MID Cap Fund 1064830 1.86
  Total 8864719 15.5

 

 

Consolidated Financial Trends (In Rs. Crs) :

Particulars FY16 FY15 FY14 FY13 FY12 FY11
Equity Paid Up 57.2 57.2 57.2 57.2 57.2 57.2
Networth 736 802 1233 1559 1258 1065
Total Debt 3998 3377 3027 2568 1937 1130
Net Sales 2342 1706 2438 3821 3971 3234
Other Income 171 62 36 48 37 21
PAT 17.3 -482.96 -414.85 151.26 244.07 206.13
Book Value (Rs) 129 140 216 273 220 186
EPS (Rs) 3.02 -84.43 -72.53 26.44 42.67 36.04

 

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.