Netwrok18 Ltd
Holding Companies
FV – Rs 5; 52wks H/L –49.2/30; TTQ – 58 K; CMP – Rs 38 (As On February 23, 2017);                      

            Market Cap – Rs 3989 Crs

Consolidated Financials and Valuations for FY16 (Amt in Rs Crs unless specified)

Consolidated Financials and Valuations for H1 FY17

Valuation Parameters:

1. Long Term Debt to Equity – 0.7
2. ROE % – 4
3. Market Cap/Sales – 2

Overview:

• Associated Stone Industries is the world’s largest stone mining companyand the only listed one in India. The end user of the industry is the Real estate, construction and Infrastructure.

• Established in 1945, during the time of the British Raj, Associated Stone Industries has a long and distinguished history of providing its customers with beautiful, sophisticated and exotic products.
• ASI still holds the largest quarries in the world spread across 10 sq kms at Ramganjmandi, situated in Rajasthan, the home of the most flawless Kotah Stone.
• Powered by a work force of 5000 dedicated, passionate and driven employees, ASI produces a staggering 15 Crore Sq.ft of Kota Stone each year.
• Unwilling to compromise on quality, ASI has equipped themselves with the best diamond tool units for cutting, sawing & shaping various natural stones, and produces some of the finest natural stones, all at par with global standards.
• The Company has sold Wind Power Unit of 1.125 MW at Tirupur District of Tamil Nadu in November, 2015.

The Company has acquired a foreign subsidiary in UAE, Al Rawasi Rock and Aggregates LLC, through its wholly owned subsidiary viz. ASI Global Ltd., Mauritius to tap the opportunity of huge volume of industrial, infrastructure, reclamation and other construction work currently underway in the Arabian Gulf region. The estimated reserve of quarry of this Company is around 200 million tones which is sufficient for about 45 years of its operations.

Management:

• Deeapk  Jatia – CMD
• Pavan  Soni – CFO

Major Non – Promoter Holdings:

Consolidated Financial Trends (In Rs. Crs) :

For the year under review, the production of Kotah Stone was 1207.40 Lacs sq. ft. as against 1172.77 Lacs sq. ft.

Nitiraj Engineers Ltd

Issue Details: 

Issue Open: Feb 20, 2017 – Mar 1, 2017

Issue Type: Fixed Price Issue IPO

Issue Size: 2200800 Equity Shares of Rs 10 aggregating up to Rs 22.01 Crs

Face Value: Rs 10 Per Equity Share

Issue Price: Rs. 100 Per Equity Share

Market Lot: 1200 Shares

Minimum Order Quantity: 1200 Shares

Listing At: NSE SME

Consolidated Financials and Valuations for FY16 (Amt in Rs Crs unless specified)

• Virtually Debt Free

Consolidated Financials and Valuations for H1 FY17

Overview:

• Nitiraj Engineers Ltd does the manufacturing of Electronic Weighing scales and Systems and Digital fare meters in India.
• The entire production is done under the company own brand name, which is
• Company also offers jewelry, tabletop, price computing, piece counting, platform, hanging, industrial weighing, baby weighing, person weighing, adult weighing, body mass index, and kitchen scales; and special application indicators, currency counting machines, and taxi/rickshaw fare meters.
• Company supplies entire its product under the brand name of PHOENIXin India and internationally.
• The Company has Large marketing, service and dealer network, with 13 branch offices and 400+ dealers across India with more than 1 million customers.
• The Company faces competition from several Indian manufacturers like Devishree Mudran Pvt. Ltd. (Dolphin), Apple Weighinfra Limited, Precision Electronics Instrument Co. (Gold Tech), Sansui Electronics Pvt. Ltd. etc. The major factors which affect competition in our business are product quality, pricing and client servicing. Internationally, competition comes from low-cost products, which are manufactured in China and quality products, which are manufactured in Germany, Italy, Japan etc.
• The products are manufactured at our manufacturing unit located at Parwanoo, Himachal Pradesh. They also have manufacturing facility at Silvassa, UT which is not under active use currently.

Objectives of IPO:

• Development of new products.
• Setting up manufacturing Unit for the existing and new range of products.
• Expansion of Marketing Network and Brand building.
• General Corporate Purposes.
• Issue Expenses.

IPO expenses details:

• Development of new products. 5 Crs
• Setting up manufacturing Unit for the existing and new range of products.   5 Crs
• Expansion of Marketing Network and Brand building. 5 Crs
• General Corporate Purposes. 5 Crs
• Issue Expenses. 1 Cr

Products :

• Industrial range – These include weighing machine systems required by large industrial establishments having requirement of weighing heavy or voluminous material. The offering in this segment also includes electronic weigh bridges.
• Commercial range – It forms the Company‘s major business. These are utilised mainly by business units in retail sector ranging from small shopkeepers to big departmental stores. The product offerings include currency counting machine with variety of feature like counterfeit currency detection, sorting, totalling etc. which offer huge utility value for commercial establishments.
• Jewellery range – Machines made specifically for jewellery sector offering high weighing accuracy to check weights of precious metals. Besides jewellers, these machines find application amongst banks and other financial institutions offering gold loans.
• Healthcare range – These include baby weighing machines, Body Mass Index (BMI) machines and adult weighing scales etc. These machines find their utility in public places like malls, healthcare centres, gymnasiums etc.
• Household range – These include machines like personal weighing scale and kitchen scales and are useful for various purposes in households.
• Automobile range – Our offerings in this range includes electronic fare meters for auto rickshaws and taxis. The electronic fare meter is relatively newer product offering and we are in the process of its standardization for large scale commercial production.

Nitiraj Engineers Ltdd is already supplying machines to various state governments under CGMS program. These machines have advanced technology support in form of data collection, plotting, MIS and dissemination. With the help of technology the task of record keeping, plotting, data management and reporting can be handled by the weighing machine systems itself. This provides the field staff and supervisory staff to focus on actual action points to achieve objectives of CGMS and ICDS rather than spending time on data management. The Company expects the demand of this segment to sustain and grow in the coming years

Dealer Network:

Management :

Mr. Rajesh Nath Bhatwal is the only Promoter of the Company

Consolidated Financial Trends (In Rs.Crs) :

Debt is Short term Debt only as it has no Long term Debt.

MIC Electronics Ltd
Electric Components
FV – Rs 2; 52wks H/L –23.65/12.8; TTQ – 1.69 Lacs; CMP – Rs 14.59 (As On February 8, 2017);                      

            Market Cap – Rs 258 Crs

Consolidated Financials and Valuations for FY16 (Amt in Rs Crs unless specified)

Consolidated Financials and Valuations for H1 FY17

Valuation Parameters:

1. Long Term Debt to Equity – 0.1
2. ROE % – NA
3. Market Cap/Sales – 1.2

MIC Electronics Ltd has informed the BSE that the company has received Letter of Award for supply 20,000 standalone offgrid solar LED street lights at a contract price of ₹32.85 crore. http://www.thehindubusinessline.com/companies/mic-electronics-bags-new-order/article9420373.ece

The company was one of three companies awarded a contract for supply of a new LED-based coach light fixture to the Indian Railways. This is the Railways initial foray into this type of lighting. While this initial order will furnish lights sufficient for 60 coaches, these type of fixtures will now become standard fittings in all new Railway caches and will also be used as retrofit devices in old running coaches. This has a potential market of more than 120,000 coaches for the Indian Railways alone. http://www.thehindubusinessline.com/companies/mic-electronics-gets-patent-for-led-digiposter-bags-order-from-railways/article9080720.ece

Overview:

• MIC Electronics Ltd is a manufacturer of electric lighting equipment.
• The Company is also engaged in manufacturing of light emitting diode (LED) displays and LED lighting. Its LED displays include indoor displays, outdoor displays, mobile displays and application specific displays.
• It offers LED lightings in various ranges, including indoor lighting, solar lighting, outdoor lighting and portables.
• Its indoor LED displays include digital posters and indoor video screens; outdoor LED displays include ticker displays, digital posters, perimeter displays, outdoor video walls and digital billboards; mobile LED displays include displays for trucks and trailers, and application specific LED displays include passenger information displays and digital theme park displays.
• Its indoor lighting includes tube lights and bulbs; solar lighting includes home lights and street lights; outdoor lighting includes parking lights and industrial lights, and portables include angel and lanterns.
• The Company has 3 wholly own subsidiaries namely, MIC Electronics Inc., MIC Green Energy Solutions Pvt Ltd and MIC Candilux Pvt Ltd.

Management:

• M.V. Ramana Rao – MD
• L.N. Malleswara Rao – CFO

Major Non – Promoter Holdings:

Consolidated Financial Trends (In Rs. Crs) :

During current year the company has issued and subscribed 47214848 fully paid up equity shares of Rs.2 each

Sanwaria Agro Oils Ltd
Edible Oils
FV – Rs 1; 52wks H/L –8.65/4.11; TTQ – 28 K; CMP – Rs 7.38 (As On February 6, 2017);                      

            Market Cap – Rs 272 Crs

Standalone Financials and Valuations for FY16 (Amt in Rs Crs unless specified)

Standalone Financials and Valuations for H1 FY17

Valuation Parameters:

1. Long Term Debt to Equity – 0.03
2. ROE % – 4.9
3. Market Cap/Sales – 0.1

Overview:

• Sanwaria Agro Oils Ltd is an fast-moving consumer goods (FMCG) food products company.
• The Company is engaged in production of soya oil and de-oiled cake, and production of basmati rice.
• The Company is engaged in seed processing and solvent extraction; refining of crude soy oil to produce refined soy oil; distribution and sale of bulk and branded soy oil; producing and selling of products, such as soy flour, soy chunks (nuggets), soy lecithin and acid oil; producing and selling wheat flour and fortified wheat flour, and trading of other agro commodities, such as wheat, gram and pulses.
• The Company has three brands, namely Sanwaria, Sulabh and Narmada. The Company’s plants are located at Mandideep, Itarsi and Betul.
• “Sulabh” and “Sanwaria” is the lower segment brand to attract the lower middle class and “Narmada” is the premium segment brand to attract middle and upper middle class consumer.
• The Company’s subsidiaries include Sanwaria Singapore Pte. Ltd and Sanwaria Energy Ltd.

Management:

• Gulab Chand Agrawal – Chairman

Major Non – Promoter Holdings:

Standalone Financial Trends (In Rs. Crs) :

During the Financial Year 2015-16, the Company created a one time provision for deterioration in the quality of stock of Soya DOC due to which the Profit after Taxation of the Company stood at Rs. 15.68 Crs as against Rs. 25.03 Crs as in FY 2014-15.

The company has a EBITDA Margin of 4.41% and a PAT Margin of 0.58%.

KNR Constructions Ltd
Construction & Engineering
FV – Rs 2; 52wks H/L –201.7/81.6; TTQ – 11.2 Lacs; CMP – Rs 184 (As On January 23, 2017);                      

            Market Cap – Rs 2600 Crs

Consolidated Financials and Valuations for FY16 (Amt in Rs Crs unless specified)

• Promoter stake have decreased to 58.09% from 60.75% in June,2016
• On 13/12/2016 there was a stock split from Rs.10 per share to Rs.2 per share.

Standalone Financials and Valuations for H1 FY17

Valuation Parameters:

1. Long Term Debt to Equity – 0.91
2. ROE % – 18
3. Market Cap/Sales – 0.4

• As on 31st March, 2016, the order book stood at about Rs. 3463 Crs comprising of Rs. 3406 Crs in road sector and Rs. 57 Crs in irrigation projects.
• KNR’s mainstay for revenue is EPC orders for road projects. Its order book has been growing at a fast clip since 2015. It won new orders totalling ₹1,334 crore in 2016-17, taking the total outstanding orders to ₹4,579 crore as of September 2016.
• KNR sold two of its operational annuity-based BOT projects for ₹850 crore in November 2016. The cash will provide capital for construction, and the management has indicated that it is part of its strategy to focus on EPC business.

Overview:

• KNR Constructions Ltd is a multi-domain infrastructure project development company.
• The Company undertakes engineering, procurement and construction (EPC) contracts, as well as build-operate-transfer (BOT) projects across various sectors, such as construction and maintenance of roads, highways, flyovers and bridges.
• Its range of verticals also include irrigation projects, water management, agriculture and trading business.
• It has completed approximately 5,890 kilometers of projects across over 10 states in India.
• Its urban water infrastructure management project is Challaghatta Main Valley Project, which involves the remodeling of primary and secondary storm drains, bridges/culverts and related works in Challaghatta Main Valley in Bangalore City.
• The Company’s irrigation and water management projects include Shankara Samudram Balancing Reservoir, Eastern Kosi Canal system, Reservoir across Mathadivagu and Budpur Balancing Reservoir.

Ongoing Major Projects:

1. Bijapur – Hungung Section of NH – 13 – Karnataka
2. Lumding to Lanka section i/c Lamka Bypass of NH – 54 – Assam
3. Ganjam – Sunakhala of NH – 5 – Orissa
4. Madurai – Kanyakumari of NH – 7 – Tamil Nadu
5. Outer Ring Road , Hyderabad City

Bulk Deals:

Management:

• K. Narasimha Reddy – MD
• K. Jalandhar Reddy – CFO

Major Non – Promoter Holdings:

Consolidated Financial Trends (In Rs. Crs) :

The Company’s Net Profit after Tax and extraordinary expenses during the year was Rs. 126.39 crore as compared to Rs. 69.76 crore in FY15. This exceptional amount was due to Income tax refund of previous years on account of 80IA benefit and interest on tax refund classified as other Income.

Pokarna Ltd
Construction Materials
FV – Rs 10; 52wks H/L –1103.85/660; TTQ – 6 K; CMP – Rs 1060 (As On January 10, 2017);                      

            Market Cap – Rs 657 Crs

Consolidated Financials and Valuations for FY16 (Amt in Rs Crs unless specified)

Consolidated Financials and Valuations for H1 FY17

Valuation Parameters:

1. Long Term Debt to Equity – 1.84
2. ROE % – 53
3. Market Cap/Sales – 1.64

Pokarna Engineered Stone Ltd (PESL) – wholly owned subsidiary of Pokarna Ltd., is India’s largest manufacturer and exporter of engineered stone surfaces.

Pokarna Engineered Stone Ltd (PESL) has partnered IKEA India to serve as its exclusive quartz surfaces supply and installation partner. Under the agreement, Pokarna will supply engineered quartz surfaces countertop and will also undertake measuring, planning, installation and home delivery of its products to IKEA’s customers. http://corporates.bseindia.com/xmldata/corpfiling/AttachHis/171EBA61_3AD9_4F10_880F_D3172BD257EA_154057.pdf

(IKEA is the world’s largest home furnishing company with about 389 stores across 46 countries and sales of €34.2 billion.) 

Overview:

• Pokarna Ltd is engaged in processing and sale of granite slabs, and mining and sale of granite blocks.
• The Company offers natural stones surfaces.
• The Company operates through two segments: Granite and Apparel.
• The Company is an exporter of granite and quartz surfaces.
• Its color palette includes over 75 varieties of granite sourced primarily from captive quarries.
• The Company’s quarries produce colors, such as Acacia, Black Galaxy, Coffee Brown, Flash Blue, Pokarna Green, Sapphire Blue, Seaweed Green, Silver Pearl and Vizag Blue.
• It exports to over 50 countries.
• The Company has manufacturing facilities in Telangana and Andhra Pradesh.
• The Company markets quartz surfaces under the brand Quantra.
• The Company also manufactures apparels and markets under its brand STANZA.
• The Company operates over eight outlets.
• The Company has a quartz manufacturing plant located at Vishakhapatnam, Andhra Pradesh, India.

Management:

• Gautam Chand Jain – CMD
• M. Viswanatha Reddy – CFO

Major Non – Promoter Holdings:

Consolidated Financial Trends (In Rs. Crs) :

Deepak Fertilisers & Petrochemicals Corporation Ltd
Commodity Chemicals
FV – Rs 10; 52wks H/L –253.45/128.15; TTQ – 50 K; CMP – Rs 221 (As On January 4, 2017);                      

            Market Cap – Rs 1951 Crs

Consolidated Financials and Valuations for FY16 (Amt in Rs Crs unless specified)

Standalone Financials and Valuations for H1 FY17

Valuation Parameters:

1. Long Term Debt to Equity – 0.32
2. ROE % – 7.5
3. Market Cap/Sales – 0.44

• In 2015-16, the total sales volume fornitric acid saw an increase of 9 percent year-on-year (YOY) and concentrated nitric acid reported highest ever production and sales.
• Deepak Fertilisers to set up nitric acid plant in Dahej with Rs 550-Cr investment. http://www.business-standard.com/content/b2b-chemicals/deepak-fertilisers-to-set-up-nitric-acid-plant-in-dahej-with-rs-550-cr-investment-116080500249_1.html

• Deepak Fertilisers’ current capacity is close to 840,000 metric tonne per annum (MTPA), but most of which is used for captive consumption with only 160,000 MTPA available for merchant sale. With the new Dahej plant, the company will be able to provide an incremental 148,000 MTPA.

Overview:

• Deepak Fertilisers and Petrochemicals Corporation Ltd is a manufacturer of fertilizers.
• The Company’s segments include Chemicals, which offers products, such as ammonia, methanol, dilute nitric acid (DNA), concentrated nitric acid (CAN), carbon dioxide (CO2), technical ammonium nitrate (TAN), iso propyl alcohol (IPA), propane, and bulk and specialty chemicals; Bulk Fertilisers, which offers products, including nitro phosphate (NP), muriate of potash (MOP), diammonium phosphate (DAP), ammonium sulfate, mixtures, single superphosphate (SSP), sulfur, micronutrients, bio fertilizers, fruits, vegetables and pesticides; Realty, which includes real estate business, and Others, which provides windmill power.
• Its principal products/services include Nitrophosphate (Fertilisers), Complexes (Fertilisers) and TAN.
• Its primary brand is Mahadhan. It manufactures prilled nitro phosphate fertilizer under the brand name Mahadhan Mahapower.

Management:

• S. C. Mehta – CMD
• Vipin Agarwal – CFO

The Equity Capital is @ Rs 88.2 Crs consisting of 88204943 equity Shares of FV Rs 10 currently held as under

None Of the Promoter’s Holding is pledged.

Major Non – Promoter Holdings:

Consolidated Financial Trends (In Rs. Crs) :

Engineers India Ltd
Consulting Services
FV – Rs 2; 52wks H/L –321.9/143.25; TTQ – 1.28 Lacs; CMP – Rs 318 (As On December 22nd 2016);                          

        Market Cap – Rs 10669 Crs

Consolidated Financials and Valuations for FY16 (Amt in Rs Crs unless specified)

Standalone Financials and Valuations for H1 FY17

Valuation Parameters:

1. Long Term Debt to Equity – NIL
2. ROE % – 9.6
3. Market Cap/Sales – 6

Engineers India Ltd Fixes Jan 2, 2017 as Record Date for 1:1 Bonus Issue. http://equitybulls.com/admin/news2006/news_det.asp?id=197803

Engineers India looks at doubling order book targets of FY17

http://www.business-standard.com/article/companies/engineers-india-looks-at-doubling-order-book-targets-of-fy17-116120600930_1.html

The  Company secured new business of 1596 Crore in FY2015-16 which includes 1210 Crore from domestic consultancy and turnkey business and 386 Crore from overseas business.

Overview:

• Engineers India Ltd (EIL) is an engineering consultancy, and engineering, procurement and construction (EPC) company in the hydrocarbons and petrochemicals industry.
• The Company’s segments are Consultancy & Engineering Projects, and Turnkey Projects. Its services include technologies, pre-Front End Engineering Design (FEED) and FEED, project management, procurement services, construction services and specialized services.
• The Company focuses on various sectors, including fertilizer and liquefied natural gas (LNG), non-ferrous metallurgy, infrastructure, strategic crude oil storage, nuclear and solar energy, and exploration and production. It offers various technologies for petroleum refining, oil and gas processing, and aromatics.
• The Company’s projects include Guru Gobind Singh Refinery Project, Bina Refinery Project, Panipat Naphtha Cracker Project, Dabhol Bangalore Pipeline Project, Phase II Expansion of Alumina Refinery and Deen Dayal Field Development Project.
• Engineers India Ltd riding on the spike in domestic orders from the hydrocarbon sector met its order booktarget for the current financial year in the first quarter.
• The company is now confident to report twice of what it had guided for in order book growth at the start of the financial year.

 As of June 2016, the company had an outstanding order book of Rs 5467 crore. 

This year, the Company successfully carried out an Offer for Sale (OFS) as part of the Government of India’s decision to divest 10% of its stake in EIL. The OFS was oversubscribed by 2.54 times with overwhelming participation from FIIs, banks, mutual funds and Insurance Companies. With this divestment, the GOI holding in EIL is at 59.37% of the paid up share capital of the Company.

Management:

• Mr. Sanjay Gupta  – CMD
• Mr. Ram Singh – CFO

The Equity Capital is @ Rs 168.47 Crs consisting of  336936600 equity Shares of FV Rs 5 currently held as under

None Of the Promoter’s Holding is pledged.

Major Non – Promoter Holdings:

Consolidated Financial Trends (In Rs. Crs) :

NIIT Ltd
IT Training Services
FV – Rs 2; 52wks H/L –107.8/67; TTQ – 22 K; CMP – Rs 81.5 (As On December 20th 2016);                               

   Market Cap – Rs 1356 Crs

Consolidated Financials and Valuations for FY16 (Amt in Rs Crs unless specified)

Standalone Financials and Valuations for H1 FY17

Valuation Parameters:

1. Long Term Debt to Equity – 0.22
2. ROE % – 8.4
3. Market Cap/Sales – 1.34

NIIT Ltd has informed BSE that the Company has entered into a share purchase agreement with National Skill Development Corporation (“NSDC”), in terms of which Company has agreed to acquire 2313240 equity shares of NIIT Yuva Jyoti Limited (“NYJL”) having face value of Rs. 10 each constituting 10% of the aggregate issued and paid-up share capital of NYJL from NSDC for an aggregate cash consideration of Rs. 28508139. http://corporates.bseindia.com/xmldata/corpfiling/AttachHis/3F0C7007_B08C_45B4_B1BC_674CA83A04D4_175324.pdf

IIM Ahmedabad and NIIT Imperia announce fresh batch for Accelerated General Management Program. http://www.equitybulls.com/admin/news2006/news_det.asp?id=197720

During the quarter the company has acquired the business of Perception Learning Solutions Pvt. Ltd for an aggregate consideration of Rs. 2.5Crs.

Overview:

• NIIT Ltd is a skills and talent development company.
• The Company operates through the learning business segment.
• It offers multi-disciplinary learning management and training delivery solutions to corporations, institutions and individuals.
• Its geographical segments include India, America, Europe and Asia Pacific. Its lines of business include Corporate Learning Group (CLG), Skills and Careers Group (SNC), and School Learning Group (SLG). CLG offers managed training services, custom curriculum design and content development, learning administration, learning delivery, strategic sourcing, learning technology and advisory services.
• SNC delivers learning and talent development programs in areas of banking, finance and insurance, soft skills, management education, multi-sectorial vocational skills, digital media marketing and new-age information technology (IT).
• SLG provides teaching and learning solutions to schools. SLG offerings include Quick School, Math Lab and IT Wizard programs.
• The Company ended FY16 with 31 Managed Training Services customers and a Revenue Visibility of USD 200 million over the remaining period of existing contracts.

Management:

• Mr. Rajendra Pawar  – Chairman
• Mr. Vijay Thandani – MD
• Mr. Rohit Gupta – CFO

Major Non – Promoter Holdings:

Consolidated Financial Trends (In Rs. Crs) :