by Scrip Watch

Patel Engineering Ltd
Construction & Engineering
FV – Rs 1; 52wks H/L –120.5/43.4; TTQ – 1.53 Lacs; CMP – Rs 103 (As On September 28th 2016; 11.00);                                

  Market Cap – Rs 784.19 Crs

Standalone 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
7.68 1681 1631 2615 -18.68 219 -2.43 – 21.84 0.47 50.63 1.93

 

Standalone Financials and Valuations for Q1 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
7.68 1681 594 -20.48 219 -2.67 – 21.84 0.47 50.63 1.93

 

Valuation Parameters:

  1. Long Term Debt to Equity – 1
  2. ROE % – (1.11)
  3. Market Cap/Sales – 0.3

Key Updates:

Patel Engineering has won arbitration awards in excess ofRs.2,500 crore and it expects to receive around Rs.1,875 crore immediately which will be utilised to retire debt. http://www.livemint.com/Money/9orVwrYrCGuM7ahfcdTF5I/Patel-Engineering-shares-double-in-a-week.htm

Overview:

  • Patel Engineering Ltd. is an infrastructure and construction services company and is engaged in civil construction business.
  • The Company’s operating segments include Construction, Real Estate and Others. Its businesses include infrastructure, real estate and asset ownership.
  • It operates in all sectors of the infrastructure industry ranging from dams, tunnels, micro-runnels, hydroelectric projects, irrigation projects, highways, roads, bridges, railways, refineries to real estates and townships.
  • It specializes in hydro-electric projects, transportation projects, water treatment projects, as well as real estate, such as buildings, townships, malls and structures.
  • The Company’s projects include Sawara Kuddu Hydroelectric Project, Raichur Sholapur Transmission line Project, SRSP Flood Flow Canal Project, Tuirial Hydro Electric Project, Ghatghar Hydro Electric Project, Rampur Hydro Electric Project, Ralco Dam, Parbati Hydro Electric Project and Wesley Seale Dam Spillway.

 Management:

  • Mr. Pravin Patel – Chairman
  • Mr. Rupen Patel – MD
  • Ms. Kavita Shirvaikar – CFO

Major Non-Promoter Holdings:

Sr.No Non – Promoters No. of Shares held % of shares held
1 Patel Engineering Employees Welfare Trust 6045000 7.87
2 Life Insurance Corporation of India 2394881 3.12
3 Dinesh Govind Patel 1363806 1.78
4 Sanjiv K Chainani 950000 1.24
  Total 10753687 14

 

 

Consolidated Financial Trends (In Rs. Crs) :

Particulars FY16 FY15 FY14 FY13 FY12 FY11
Equity Paid Up 7.68 7.68 7.68 6.98 6.98 6.98
Networth 1681 1893 1793 1628 1557 1428
Total Debt 4104 4307 4186 3161 2520 2384
Net Sales 2615 3531 3817 4197 3683 3565
Other Income 71 116 115 82 91 89
PAT -18.68 8.47 16.37 65 66.59 122.61
Book Value (Rs) 219 246 233 233 223 205
EPS (Rs) -2.43 1.10 2.13 9.31 9.54 17.57

 

 

 

 

 

 

 

 

 

 

 

 

 

Hindustan Oil Exploration Co. Ltd

by Scrip Watch

Hindustan Oil Exploration Co. Ltd
Exploration & Production
FV – Rs 10; 52wks H/L –57.8/26.2; TTQ – 1.65 Lacs; CMP – Rs 55 (As On September 16th 2016; 10.00);                                 

 Market Cap – Rs 717 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
130.51 289 – 49 7.93 22 0.61 90.2 167.31 2.5

16.29

 2.13

 

Standalone Financials and Valuations for Q1 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
130.51 289 6 9.27 22 0.71 77.5 167.31 2.5 16.29

2.13
  • Promoter holding has decreased gradually from 47.18 in December 15 to 22.42 in March 16 and further to 16.29 as current.

Valuation Parameters:

  1. Long Term Debt to Equity – Nil
  2. ROE % – 2.7
  3. Market Cap/Sales – 14.63

Key Updates:

Hindustan Oil Exploration working on a turnaround plan

http://www.livemint.com/Companies/GmhNMLwDnl73TTNN8Ye4eN/Hindustan-Oil-Exploration-Co-working-on-a-turnaround-plan.html

Debt Free Balance Sheet & Self-Funding for Assam Project.

Deliver from low risk onshore assets in Assam and Gujarat to double the current revenue by Q4 FY 2016- 17.

Overview:

  • Hindustan Oil Exploration Company Limited (HOEC) is engaged in oil and gas exploration.
  • The Company is engaged in offering hydrocarbons and other incidental services.
  • The Company’s products include crude oil and natural gas.
  • The Company has participating interest in around nine oil and gas fields in India, including Cambay basin, Cauvery basin, Assam Arakan basin and Rajasthan basin.
  • The Company operates block Asjol, North Balol field, block CB-ON-7 (Palej), Pramoda oil field and South Pramoda oil field on Cambay basin.
  • The Cauvery basin is located along the eastern margin of India. It includes an area of about 25,000 square kilometers on land and about 35,000 square kilometers in the offshore. It includes block CY-OS-90/1 (PY-3 field) and block PY-1. The Assam-Arakan basin include block AAP-ON-94/1, which covers the area between the Naga thrust and the Singyang thrust. It operates RJ-ONN-2005/1 and RJ-ONN-2005/2 in Rajasthan.

 

      Management:

  • Mr. Sunil Mathur – Chairman
  • Mr. P Elango  – MD
  • Mr. Ramasamy Jeevanandam – CFO

The Equity Capital is @ Rs 130.51 Crs consisting of 130493289 equity Shares of FV Rs 10 currently held 

None Of the Promoter’s Holding is pledged.

 

Major Non-Promoter Holdings:

Sr.No Non – Promoters No. of Shares held % of shares held
1 General Insurance Corporation Of India 1750537 1.34
2 Rohit Rajgopal Dhoot 3034107 2.33
3 Ashok Kumar Goel 18465078 14.15

 

Consolidated Financial Trends (In Rs. Crs) :

Particulars FY16 FY15 FY14 FY13 FY12 FY11
Equity Paid Up 130.51 130.51 130.51 130.51 130.51 130.51
Networth 289 281 536 663 1216 1182
Total Debt  –  – 702 817 524 525
Net Sales 49 67 81 137 188 353
Other Income 7 7 6 8 25 9
PAT 7.93 -1219.6 -123.73 -552.6 34.54 81.54
Book Value (Rs) 22 22 41 51 93 91
EPS (Rs) 0.61 -93.45 -9.48 -42.34 2.65 6.25

 

 

 

 

 

 

 

 

 

 

Prakash Industries Ltd

by Scrip Watch

Prakash Industries Ltd
Iron & Steel/Interm.Products
FV – Rs 10; 52wks H/L –54.85/23.05; TTQ – 4.64 Lacs; CMP – Rs 53 (As On September 1st 2016; 11.00);                             

     Market Cap – Rs 718.69 Crs

Standalone 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
134.49 2206 575 2055 20.58 164 1.53 34.64 23.93 0.32 46.29 2.13

 

Standalone Financials and Valuations for Q1 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
135.07 2206 639 14.04 164 1.04 50.96 23.93 0.32 46.29 2.13

 

Valuation Parameters:

  1. Long Term Debt to Equity – 0.26
  2. ROE % – 0.93
  3. Market Cap/Sales – 0.35

Key Updates:

Prakash Industries Ltd. secured coal for its captive power plant in Chattisgarh, bringing to an end a two-year hunt for fuel and the company will get 53500 tonnes of coal every year over the next five years from Coal India Ltd. subsidiary, South Eastern Coalfields Ltd. The linkage will provide long-term stability, and cost savings for the its captive power plant, the company said in its press release. (http://www.bloombergquint.com/business/2016/08/05/prakash-industries-secures-partial-coal-linkage-for-its-captive-power-plant)

Overview:

  • Prakash Industries Limited is engaged in mining, steel and power operations.
  • The Company manufactures MS billet, ferroalloys, MS thermo mechanically treated (TMT) and MS coil, and allied and HB wire rod.
  • The Company operates through segment, including Power, Steel and polyvinyl chloride (PVC) Pipes and Others.
  • The Company’s manufacturing plants are located at Champa, Chotia and Raipur in Chhattisgarh; Kashipur, Uttarakhand; Koenjhar, Odisha, and Muppandal, Tamil Nadu.
  • It has setup sponge iron kilns based on Stelco-Lurgi/Republic Steel-National Lead (SL/RN) technology.
  • It has iron ore mines in the state of Chhattisgarh and Orissa. The Company produces steel billets and blooms in the steel melting shop.
  • The Company has set up manufacturing facilities for production of ferroalloys in submerged arc furnaces.
  • The Company has set up wind power generating farms at Muppandal in the state of Tamil Nadu.  

Management:

  • Mr. V. P. Agarwal – Chairman
  • Mr. Vikram Agarwal – MD
  • Mr.P. L. Gupta – CFO

Major Non-Promoter Holdings:

Sr.No Non – Promoters No. of shares held % of shares held
1 SMC Comtrade Ltd 9000000 6.69
2 Jhunjhunwala Rakesh Radheshyam 4000000 2.97
  Total 13000000 9.67

 

Standalone Financial Trends (In Rs. Crs) :

Particulars FY16 FY15 FY14 FY13 FY12 FY11
Equity Paid Up 134.49 134.49 134.49 134.49 134.49 134.49
Networth 2206 2205 2233 2094 1958 1719
Total Debt 656 760 725 821 873 621
Net Sales 2055 2844 2600 2513 2109 1673
Other Income   8 4 2 2 9
PAT 20.58 9.34 173.16 164.89 268.16 267.08
Book Value (Rs) 164 164 166 156 146 128
EPS (Rs) 1.5 0.7 12.9 12.3 19.9 19.9

 

 

 

 

 

 

 

 

 

 

 

 
by Scrip Watch

JBF Industries Ltd
Fibres & Plastics
FV – Rs 10; 52wks H/L –255/150.10; TTQ – 9 K; CMP – Rs 209 (As On August 23, 2016; 11.00);                                

  Market Cap – Rs 1710.3 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
81.87 2496 7184 8882 -181.53 305 -22.17 – 109.57 0.69 43.15 1.39

 

Consolidated Financials and Valuations for Q4 FY16


Equity Capital
Net worth
Total
Sales		 PAT
BV
(Rs)
TTM EPS (Rs)
TTM P/E
Industry P/E
P/BV
Promoter’s
Stake		 Beta
81.87 2496 2469 -159.11 305 19.43 – 109.57 0.69 43.15 1.39

 

Valuation Parameters:

  1. Long Term Debt to Equity – 2.88
  2. ROE % – Nil
  3. Market Cap/Sales – 0.19

Key Updates:

  • During the year, the KKR Jupiter Investors Pte Ltd. (lnvestor) has invested USD 150 Million in the Group. Accordingly 16374370 Equity shares of Rs. 10 each at a premium of Rs. 29O/- per share on preferential basis aggregating to Rs. 49123 lacs have been allotted by the Company and 12210527 Compulsory Convertible Preference Shares aggregating to Rs. 50065 lacs have been allotted by the JBF Global Pte. Ltd Singapore, a wholly owned subsidiary of the Company’
  • The company’s step down subsidiary JBF Petrochemicals has entered in to a long term agreement with ONGC Mangalore Petrochemicals (OMPL) for supply of Paraxylene, the main raw material for production of purefied terephthalic acid (PTA). (http://www.moneycontrol.com/news/buzzing-stocks/jbf-industries3-enters-into-agreementongc-mangalore_6292621.html)
  • During the year Company has incorporated new step down subsidiary namely “JBF AMERICA lNC” through its step down subsidiary JBF RAK LLC.,UAE.
  • lmplementation of the 1.25 Million Tonnes per annum green field PTA project at Mangalore, being execuled through Step down subsidiary JBF petrochemicals Ltd is proceeding satisfactorily. The project is now expected to be completed by the end of current financial year.
  • The company is amongst the Top 5 Domestic market leaders in Textile grade chips, Bottle grade chips and Partially Oriented Yarn. Internationally also, JBF is amongst the Top 10 manufacturers of Bottle grade chips and Polyester Films.

 

Overview:

  • JBF Group manufactures polyester value chain products that are used in the fast-moving consumer goods (FMCG), textile and packaging industries.
  • JBF Industries Ltd manufactures polyester chips, polyester yarn and processed yarn from polyester chips.
  • The Company’s segments include Polyester Film and Other Polyester Products. Its polyester chips of textile grade consists of semi dull, semi bright, super bright, H Bright, T Bright, full dull, cationic semi dull, cationic semi bright, cationic super bright, easy dyeable semi dull and easy dyeable super bright.
  • Its polyester chips of film grade consist of super bright chips and silica chips. Its bottle grade polyethylene terephthalate (PET) includes ARYAPET, which consists of AP0076, AP0076 HF, AP0080, AP0084, AP0084 FRH and AP0089.
  • Its partially oriented yarn (POY) consists of raw white semi dull round, dope dyed black round and cationic POY SD round or full dull POY SD round.
  • It also offers fully draw yarn, polyester textured yarn and sewing thread.
Sr.No Name and Description of main products / services % to total turnover of the Company
1 Polyester Chips 50.18
2 Partially Oriented Yarn / Fully Drawn Yarn / Polyester Texturised Yarn / Flat Yarn 49

 

Manufacturing facilities:

It has manufacturing facilities in India and the United Arab Emirates.

India:

  1. Sarigam, Gujarat

Total Chips capacity – 608000 M.T p.a which includes

  • Textile Grade Chips
  • Speciality Grade Chips
  • Bottle Grade Chips

 

  1. Athola & Saily, Silvassa
  • Polyester Yarn Capacity – 262000 MT p.a
  • Texturized Yarn Capacity – 90000 MT p.a

           U.A.E:
Ras Al-Khaimah

  • Bottle Grade Chips – 432000 MT p.a.
  • BOPET Films – 102000 MT p.a.

 

 Management:

  • Mr. Bhagirath C Arya – Chairman
  • Mr. Rakesh Gothi – MD &CEO
  • Mr. P. N. Thakore  – CFO

The Equity Capital is @ Rs  81.87 Crs consisting of 81871849 equity Shares of FV Rs 10 currently held 

  19.25% Of the Promoter’s Holding is pledged.

Major Non-Promoter Holdings:

Non – Promoters No. of shares held % of shares held
Cresta Fund Ltd 1781212 2.18
Copthall Mauritius Investment Ltd 3231000 3.95
Life Insurance Corporation of India 2120487 2.59
National Westminister Bank PLC as Trustee of the Jupiter India Fund 1798541 2.2
Aadi Financial Advisor LLP 1519342 1.86
Vallabh Roopchand Bhansali 871400 1.33
Sunidhi Capital Pvt Ltd 1682904 2.57
KKR Jupiter Investors Ptd Ltd 16374370 20
Lata Bhansali 673232 1.03
Eriska Investment Fund Ltd 1270000 1.55

 

 

Consolidated Financial Trends (In Rs. Crs) :

Particulars FY16 FY15 FY14 FY13 FY12 FY11
Equity Paid Up 81.87 65.5 65.32 72.63 72.02 71.65
Networth 2496 1835 1885 1870 1670 1454
Total Debt 10140 8232 5951 3639 2425 1459
Net Sales 8882 8925 8609 7501 7305 6493
Other Income 8 45 41 46 126 22
PAT -181.53 31.09 5.68 113.46 222.88 546
Book Value (Rs) 305 280 289 257 232 203
EPS (Rs) -22.17 4.75 0.87 15.62 30.95 76.20

 

 

 

 

 

 

 

 

 

 

 

Kirloskar Ferrous Industries Ltd

by Scrip Watch

Kirloskar Ferrous Industries Ltd
Iron & Steel Products
FV – Rs 5; 52wks H/L – 89.70/39.75; TTQ – 44 K; CMP – Rs 79 (As On August 16th 2016; 11.00);                          

        Market Cap – Rs 1071 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
68.65 492 – 1116 57.73 36 4.2 18.9 27.27 2.19 59.54 1.48

 

Standalone Financials and Valuations for Q1 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
68.65 492 300 37.69 36 2.75 29.7 28.73 2.19 59.54 1.48

 

Valuation Parameters:

  1. Long Term Debt to Equity – Nil
  2. ROE % – 11.7
  3. Market Cap/Sales – 0.96

Kirloskar Ferrous to acquire pig iron plant of VSL Steels for Rs. 155 Crs (http://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/kirloskar-ferrous-to-acquire-pig-iron-plant-of-vsl-steels/articleshow/53430660.cms)

Demand for pig iron is expected to remain stable considering the growth projections by auto sector and tractor sector and infrastructure enhancement plans. Also some of the present pig iron manufacturers are diversifying to value addition products. This may give the opportunity to the Company to increase the market base.

Overview:

  • Kirloskar Ferrous Industries Limited (KFIL) is engaged in producing iron castings.
  • The Company is a manufacturer of pig iron and grey iron castings and supplies pig iron to foundries that cater to the auto, engines and compressors, textile, pumps, pipes and fittings and fans, among others. Its pig iron products include foundry grade pig iron, spherodized graphite (S.G.) grade pig iron and basic grade pig iron.
  • It produces grey iron and S.G iron castings for various applications, such as cylinder blocks, cylinder heads and various housings for automobile, tractor and diesel engine industries. Its casting products include cylinder blocks, cylinder head and housings.
  • It caters to various industry sectors, such as tractors, automotive and diesel engines. It has manufacturing facilities at Koppal (Karnataka) and Solapur (Maharashtra).

Management:

  • Mr. Atul Kirloskar – Chairman
  • Mr. R.V. Gumaste – MD
  • Mr. R. S. Srivatsan – CFO

 

None Of the Promoter’s Holding is pledged.

Major Non-Promoter Holdings:

Sr.No Non – Promoter No. of Shares held % of shares held
1 DSP Blackrock Micro Cap Fund 2574095 1.87
2 Arun Nahar 2649897 1.93
  Total 5223992 3.8

 

Consolidated Financial Trends (In Rs. Crs) :

Particulars FY16 FY15 FY14 FY13 FY12 FY11
Equity Paid Up 68.65 68.65 68.65 68.65 68.65 68.65
Networth 492 455 426 407 380 359
Total Debt 98 82 154 159 55  –
Net Sales 1116 1368 1235 1201 1092 1094
Other Income 2 3 3 2 1 2
PAT 57.73 49.28 39.84 39.09 37.08 48.33
Book Value (Rs) 36 33 31 30 28 26
EPS (Rs) 4.20 3.59 2.90 2.85 2.70 3.52

 

The Company sold 289485 MT of pig iron valued at ~623 Crs during FY2015-16 as compared to 318023 MT of pig iron valued at ~844 Crs in the previous year.

 

 

 

 

 

 

 

 

 

 

 

Stampede Capital Ltd

by Scrip Watch

Stampede Capital Ltd
Other Financial Services
FV – Rs 1; 52wks H/L –80/28.23; TTQ – 6 Lacs; CMP – Rs 44(As On July 26, 2016; 15.30);                          

            Market Cap – Rs 1005.36 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
22.81 141 – 195 66.71 6 2.92 15.07 28.24 7.3 43.99 –

*Virtually debt free.

Consolidated Financials and Valuations for Q4 FY16


Equity Capital
Net worth
Total
Sales		 PAT
BV
(Rs)
TTM EPS (Rs)
TTM P/E
Industry P/E
P/BV
Promoter’s
Stake		 Beta
22.81 141 69 21.3 6 0.93 47.3 28.24 7.3 43.99 –

 

Valuation Parameters:

  1. Long Term Debt to Equity – Nil
  2. ROE % – 47
  3. Market Cap/Sales – 5.2

Key Updates:

Stampede Capital said it is finalising the investment banker and global audit firms for listing a Singapore-incorporate subsidiary overseas.

http://www.vccircle.com/news/technology/2016/01/04/stampede-aims-overseas-listing-singapore-arm

 

Stampede is a Liquidity Provider and Market Maker of multiple exchanges such as SGX, CME, NSE, BSE, DGCX, HKEX, ICE and MCX-SX; driving millions of dollars trading volume everyday across the globe in nano seconds.

From July 25th 2016 it has been listed on NSE.

The company operates three subsidiaries:

  1. Stampede Cloud Services Pvt Ltd (Indian Subsidiary)
  2. Stampede Financials Pte Ltd (Foreign Subsidiary)
  3. *Stampede Technologies Pte Ltd (Step down Subsidiary)

* Stampede Technologies Pte Ltd is a subsidiary of Stampede Cloud Services Pvt Ltd

Stampede Financials Pte Ltd is a wholly own foreign subsidiary of the company whose Total Assets amounted to Rs. 77.09 Crs and Total Revenue generated to Rs. 108 Crs.

Particulars FV 31-03-2015 31-03-2014
Investment in Subsidiaries :   No. of shares
Stampede Cloud Services Pvt Ltd Rs 10 5009999 5009999
Stampede Financials Pte Ltd SGD 1 3739020 –

 

Overview:

  • Stampede Capital Ltd is a financial technology company. They are Non-bank liquidity provider ti Fixed Income, Currencies and Commodities (FICC) products in AsiaPac and emerging markets.
  • The Company is specialized in automation of knowledge work and cloud computing for financial markets.
  • The Company provides electronic market making, which is an algorithm based on Bayesian conditional probabilities. The Company uses three types of artificial intelligence (AI) for automation of knowledge work, which includes conventional AI, computational AI and complex event processing.
  • The Company’s direct market access (DMA) cloud platform that assists institutions, private bankers and hedge funds to reduce their total cost of ownership (TCO).
  • The Company also provides various cloud solutions, such as dynamic portfolio insurance (DPI), tracking index model (TIM), voice web application platform (VWAP) cloud and risk management cloud.
  • The Company primarily is a research driven Global FinTech House specialized in Data Handling (Big Data, Law of Large Numbers and Liquidity), Data Processing (Trade Flows & Hosted Management Solutions) and Data Management (Robo Advisory Platform).

What is Automated Trading?

An automated trading system (ATS) is a computer program that creates orders and automatically submits them to a market center or exchange. Automated trading systems are often used with electronic trading in automated market centers, including electronic communication networks, “dark pools”, and automated exchanges.

Five Core Strengths of Stampede :

  1. Aggregating the Data Flows is with the lowest latencies.
  2. Global connectivity is in Order Routing with the shortest path routing.
  3. In-house SDE’s [Stochastic Differential Equations] for controlling Asymmetric flows. [Inventory Control].
  4. Parallel processing of the flows is into a Giant Global Vector Matrix. [GPU and Parallel Processing Power].
  5. Combining the expertise of SDE’s by creating the world’s best Actuaries / Quant World Integration.

Management:

  • Venkat Srinivas Meenavalli – Chairman
  • Emmanuel Dasi – CFO

 

Major Non-Promoter Holdings:

Sr.No Non – Promoters No. of Shares held % of shares held
1 Silver 2124400 9.31
2 Amitabh Harivansh Rai Bachchan 699293 3.07
3 Resonance Opportunities Fund 669000 2.93
4 Arindham Sekhar Garments Marketing Pvt Ltd 310000 1.36
5 Arcadia Share & Stock Brokers Ltd 252218 1.11
  Total 4054911 17.77

 

 

 

Consolidated Financial Trends (In Rs. Crs) :

Particulars FY16 FY15 FY14 FY13 FY12 FY11
Equity Paid Up 22.81 22.81 21 20.65 20.65 5.65
Networth 141 72 24 23 15 1.3
Total Debt 1 3 –  – 1 1
Net Sales 195 75 25 38 6 2
Other Income – 0.5 0.7 0.2 – –
PAT 66.71 14.53 -0.15 8.1 -1.49 -0.46
Book Value (Rs) 6 3 1 1 1 0
EPS (Rs) 2.92 0.64 -0.01 0.39 -0.07 -0.08

 

The company on March 25, 2015 through preferential allotment has issued and allotted 1541000 Equity shares of Rs.10/- each at a premium of Rs.197/- per share and also allotted 268625 Equity Shares of Rs.10/- at a premium of Rs. 38/- per share, on April 21, 2014

On 7/1/2016 there was a stock split of face value Rs.10 per share to Rs.1 per share.

Debt is of short term period only. (Working capital purpose)

Standalone Financial Trends (In Rs. Crs) :

Particulars FY16 FY15 FY14 FY13
Equity Paid Up 22.81 22.81 21 20.65
Networth 56 56 22 20
Total Debt 1 3 – –
Net Sales 20 6 7 8
Other Income – 0.1 0.05 0.07
PAT 0.38 0.5 1.09 5.37
Book Value (Rs) 2 2 1 1
EPS (Rs) 0.02 0.02 0.05 0.26

 

 

 

 

 

 

 

 

 

Oricon Enterprises Ltd

by Scrip Watch

Oricon Enterprises Ltd
Speciality Chemicals
FV – Rs 2; 52wks H/L –73.80/39.25; TTQ – 1.24 Lacs; CMP – Rs 63 (As On July 11th 2016; 12.00);                                 

 Market Cap – Rs 989.40 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
31.41 644 183 1169 18.67 41 1.19 52.94

 

 5.53 1.54 66.96 –

 

Consolidated Financials and Valuations for Q4 FY16


Equity Capital
Net worth
Total
Sales		 PAT
BV
(Rs)
TTM EPS (Rs)
TTM P/E
Industry P/E
P/BV
Promoter’s
Stake		 Beta
31.41 644 272 -2.30 41 -0.15 – 5.53 1.54 66.96 –

 

Valuation Parameters:

  1. Long Term Debt to Equity – 0.28
  2. ROE % – 2.9
  3. Market Cap/Sales – 0.85

Clearwater Capital Partners exits its investment in the company by selling around 4.4% stake through open market.

India Holdings buys 1 Crs shares of Oricon Enterprises Ltd at Rs. 64.5 per share from the promoters as on March 2015.

http://www.moneycontrol.com/news/buzzing-stocks/india-holdings-buys-1cr-sharesoricon-enterprises_1334656.html

Indiabulls Real Estate Limited has announced that Tapir Realty Developers Ltd, a 100% subsidiary of the company, has entered into a joint development agreement with Oricon Properties Pvt. Ltd in which saleable property to the company will be 67000 sq.feet and 30% of the topline which the company expects to be around 650 – 700 Crs.

http://www.indiainfoline.com/article/news-top-story/indiabulls-real-estate-inks-pact-with-oricon-116060300807_1.html

Oricon Enterprises buys 70 per cent of Oriental Containers for Rs 105 crore

         (Marine logistics company Oricon Enterprises Ltd (OEL) has acquired 70 per cent stake in Oriental Containers Ltd (OCL) from its joint venture partners OC Holding Ltd, Mauritius, at a consideration of Rs 105 crore. With this, OCL has become, OEL’s 100 per cent subsidiary.)

http://articles.economictimes.indiatimes.com/2015-03-30/news/60644242_1_united-breweries-105-crore-united-spirits

 

Key Updates:

The company Owns about 1 acre land at prime location in Worli, Mumbai.

Subsidiaries:

  1. Oricon Properties Pvt.Ltd – 100% Subsidiary (Holds about 2 acre land at Worli, Mumbai, Land parcel adjoining India Bulls Blu & Near Four Seasons Hotel, Worli, Mumbai)
  2. Oriental Containers Ltd – 100 % Subsidiary (Market leader with experience of over 5 decades in Indian caps and closures Industry with well established brands across user industry and Strong presence across Globe through exports to ~40 countries)

The company manufactures complete range of Caps and Closures. During FY15-16 the company manufactured as follows:

Plastic Closures Annual Capacity (mn)
Plastic – CSD Caps 3400
Plastic – wf/hf Caps 400
Plastic – Water 1200
 
Metal Closures Annual Capacity (mn)
Crown Caps 9216
Ropp Caps 1800
Twist off Caps 140
Aluminium Tubes 120

 

  1. United Shippers Ltd – 59.05 % Subsidiary (India’s Largest Marine logistics company handling Dry Cargo. Operates at 8 minor ports across 3 states with Fleet size of more than 300 equipments. Bought back shares of existing shareholders, increasing OEL holding to 59.05% from 50.19%)

Logiscor Ltd (Scorpio Group) holds 10.88% in USL and Mr. Vallabh Bhansali holds 8.18% in USL through family investments.

Year Volume Handled (Million MT) Revenue (Rs.Crs) % gain in Revenue
FY10 6.3 162  
FY11 1 240 48
FY12 7.8 312 30
FY13 11.9 402 29
FY14 12.9 380 -5
FY15 12.6 412 8

Minor ports contributing ~44% of total traffic in FY15

  1. Shinrai Auto Services Ltd – 100 % Subsidiary (Exclusive dealer of Toyota cars in South Mumbai. It Operates 2 showrooms in Nariman Point and Worli)

Financials of Subsidiaries:

Particulars Sales (Rs.Crs) Net Profit/ Loss (Rs.Crs)
  FY15 FY14 FY15 FY14
Oricon Properties Ltd 0.06 0.08 -0.07 -0.03
Oriental Containers Ltd 394 315 13.48 3.6
Unites Shippers Ltd 544 484 80.38 42.49
Shinrai Auto Services Ltd 337 246 -0.24 -1.49

 

Overview:

  • Oricon Enterprises Ltd is engaged in business of manufacturing of pentanes, liquid colorants, pet bottles and coal briquettes, which is a fuel product for industries.
  • The Company operates in four segments, which include petrochemicals, trading, liquid colorants and pet bottle.
  • The Company is the flagship company of Parijat Enterprises and is in real estate, marine logistics, packaging, petrochemicals and automobile dealership.
  • The company has manufacturing facilities at Khopoli, Maharashtra for Pentanes & Murbad, Maharashtra for PET Bottles
  • The company owns 1 acre at Worli which it plans to re-develop for residential and commercial purposes.
Particulars (Rs.Crs)  
Segment Revenue FY15 FY14 % gain/loss
(a) Logistics 393 528 -26
(b) Automobiles 308 332 -7
(c) Packaging 406 117 247
(d) Petrochemical 28 34 -18
(e) Trading 27 23 17
(f) Liquid Colorants 3 1 200
(g) Others 7 13 -46
       
PBIT      
(a) Logistics 18.28 110 -83
(b) Automobiles -2.78 5.15 -154
(c) Packaging 30.25 7.11 325
(d) Petrochemical 2.69 2.6 3
(e) Trading 0.53 0.48 10
(f) Liquid Colorants 0.02 -0.2 -110
(g) Others -0.56 0.03 -1967

 

Management:

  • Mr. S. J. Taparia – Chairman
  • Mr. Rajendra Somani – MD
  • Mr.Pramod Sarda – CFO

 

Major Non-Promoter Holdings:

Sr.No Non – Promoters No. of shares held % of shares held
1 LIC 2874491 1.83
2 NAF India Holdings Ltd 10169813 6.48
3 Shree Venkatesh Metal Packs Pvt Ltd 5172790 3.29
  Total 18217094 11.6

 

Unquoted Investments by Oricon Enterprises:

Particulars No. of Shares FV FY16 FY15 Cost per share
Investment in Equity Instrument          
Investment in Subsidiary :     (Amt Rs.Crs) (Rs.)
Shinrai Auto Services Ltd 7000000 10 7 5 10
Oricon Properties Ltd 6120000 10 159.4 159.4 260
United Shippers Ltd 2969552 10 195.4 195.4 658
Oriental Containers Ltd 10820836 10 136  – 126

 

Consolidated Financial Trends (In Rs. Crs) :

Particulars FY16 FY15 FY14 FY13 FY12
Equity Paid Up 31.41 31.41 31.41 31.41 31.41
Networth 644 632 596 578 545
Total Debt 376 354 186 172 136
Net Sales 1169 1081 913 1020 1007
Other Income 7 33 27 28 34
PAT 18.67 43.25 21.73 34.75 38.58
Book Value (Rs) 41 40 38 37 35
EPS (Rs) 1.19 2.75 1.38 2.21 2.46

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Kalyani Steels Ltd

by Scrip Watch

Kalyani Steels Ltd
Iron & steel
FV – Rs 5; 52wks H/L –205/107.4; TTQ – 12 K; CMP – Rs 183.5(As On July 8th 2016; 12:00) ;                           

 Market Cap – Rs 801.03 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
21.86 589 110 1179 113.46 134 25.95 7.1 23.86 1.37 60.6 2.17

 

Standalone Financials and Valuations for Q4 FY16


Equity Capital
Net worth		 Long Term Debt
Total
Sales		 PAT
BV
(Rs)
TTM EPS (Rs)
TTM P/E
Industry P/E
P/BV
21.86 589 110 301 29.1 134 6.67 27.5 23.86 1.37

 

Valuation Parameters:

  1. Long Term Debt to Equity – 0.19
  2. ROE % – 19.26
  3. Market Cap/Sales – 0.68

Overview:

  • Kalyani Steels Ltd is a supplier of forging quality steel for a range of automotive applications, such as crankshaft, camshaft, connecting rods, gears, transmission shafts, axle beams and steering knuckles.
  • The Company’s steel is used in commercial vehicles, passenger cars, as well as construction equipment.
  • The Company also manufactures rounds for seamless tubes and supplies steel to all seamless tube producers.
  • The Company offers a range of carbon alloy steel and low electricity resistivity (LER) steel.
  • The Company also supplies high quality medium carbon, high carbon, medium alloy and micro-alloyed steels for a range of applications in energy, railways, defense, fasteners and material handling, among others.
  • The Company manages and operates the composite Steel manufacturing facility at Ginigera.

HOSPET STEELS is a World Class Steel plant set up by way of strategic alliance between M/s Mukand limited of Mumbai and M/s Kalyani Steels Limited of Pune.

The Company has increased its Equity stake in Lord Ganesha Minerals Private Limited (LGMPL) from existing 50% to 77.50% and as a result LGMPL has become a ‘Subsidiary’ of the Company.

Kalyani Steels look at price cuts after China’s yuan devaluation

(http://in.reuters.com/article/india-steel-idINKCN0QI0XQ20150813?type=companyNew)

Raw material cost to be higher in Q1 FY17

http://www.moneycontrol.com/news/business/raw-materials-cost-to-be-higherq1fy17-kalyani-steel_6876301.html

China dumping is hurting domestic industry badly, said RK Goyal, MD, Kalyani Steel, adding that cutting prices further would lead to additional losses.

http://www.moneycontrol.com/news/business/domestic-inddilemma-%E2%80%93-to-cut-prices-or-prod-kalyani-steel_5017321.html

Management:

  • Mr. R. K. Goyal – CMD
  • Mr. B.M. Maheshwari – CFO

Major Non-Promoter Holdings:

Sr.No Non – Promoters No. of Shares held % of shares held
1 Sadguru Investment & Trading Company 1601428 3.67
2 Gloxinia Investment & Finance Pvt Ltd 500000 1.15
3 Reliance Capital Trustee Co. Ltd 545000 1.25
  Total 2646428 6.06

 

 

Consolidated Financial Trends (In Rs.Crs) :

Particulars  

FY16

 FY15 FY14 FY13 FY12 FY11
Equity Paid Up 21.86 21.86 21.86 21.86 21.86 21.86
Networth 589 476 398 355 338 321
Total Debt 262 182 185 200 193 205
Net Sales 1179 1229 1128 816 1012 1253
Other Income 1.3 2.7 11.7 7 22 16
PAT 113.46 83.3 58.6 23.9 22 52
Book Value (Rs) 134 109 91 81 77 73
EPS (Rs) 25.95 19.1 13.4 5.5 5.0 11.9

 

 

 

 

 

 

 

 

 

 

 

 

Chambal Fertilizers & Chemicals Ltd

by Scrip Scan

Chambal Fertilizers & Chemicals Ltd
Fertilizers
FV – Rs 10; 52wks H/L –72.75/50.85; TTQ – 20 K; CMP – Rs 67.50 (As On June 28 2016; 12:30) ;                              

   Market Cap – Rs 2809.15 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
416.21 2371 708 10527 216.09 57 5.19 13.01 18.42 1.2 57.13 0.59

 

Standalone Financials and Valuations for Q4 FY16


Equity Capital
Net worth
Total
Sales		 PAT
BV
(Rs)
TTM EPS (Rs)
TTM P/E
Industry P/E
P/BV
Promoter’s
Stake		 Beta
416.21 2371 1595 -29.44 57 -0.71 – 18.42 1.2 57.13 0.59

 

Valuation Parameters:

  1. Long Term Debt to Equity – 0.3
  2. ROE % – 9.11
  3. Market Cap/Sales – 0.27

Chambal Fertilisers to raise Rs. 1,058 cr from SBI, Axis bank

http://www.thehindubusinessline.com/companies/chambal-fertilisers-to-raise-rs-1058-cr-from-sbi-axis-bank/article8318213.ece

 

Chambal Fertilisers to sell entire shipping business

http://articles.economictimes.indiatimes.com/2015-12-22/news/69237507_1_chambal-fertilisers-fertilisers-chemicals-vessels

 

The Company has entered into an agreement for sale of vessel – Ratna Puja in March, 2016. The ship has been delivered to the buyer in April, 2016. This has resulted into provisioning of loss of Rs.111.99 crore in March, 2016 accounts. The major portion of the loss is attributable to the foreign exchange losses capitalised as part of the cost.

 

Key Updates:

  • The Fertilisers and other Agri-inputs business of the Company contributes 87% of the total revenue, whereas Shipping and Textile contributes the remaining.
  • The Company had to shutdown Gadepan – II plant from February 8, 2015 due to un-favourable policy of the Government of India for production beyond 100% capacity which resulted into lower production of Urea.
  • During the last quarter, the Board of Directors of the Company approved the sale of its textile business to Sutlej Textile & Industries Ltd, as a going concern on slump sale basis.
  • Chambal Fertilisers has consolidated its position in agri-business and diversified into other sectors. Its shipping division under the name India Steamship operates 5 Aframax tankers with a combined capacity of over 5,00,000 DWT.
  • In addition, Chambal Fertilisers has other business interests through its subsidiary in the software sector. It also has a joint venture in Morocco for manufacturing phosphoric acid.- The Company has entered into an agreement for sale of vessel – Ratna Puja in March, 2016. The ship has been delivered to the buyer in April, 2016. This has resulted into provisioning of loss of Rs.111.99 crore in March, 2016 accounts. The major portion of the loss is attributable to the foreign exchange losses capitalised as part of the cost.

 

Overview:

  • Chambal Fertilisers and Chemicals Ltd is one of the largest private sector fertilizer producers in India.
  • Its two hi-tech nitrogenous fertiliser (urea) plants are located at Gadepan in Kota district of Rajasthan. The two plants produce about 2 million MT of Urea per annum.
  • Chambal Fertilisers caters to the need of the farmers in twelve states in northern, eastern, central and western regions of India and is the lead fertiliser supplier in the State of Rajasthan. The Company has a vast marketing network comprising 15 regional offices, 2,000 dealers and 20,000 village level outlets.
  • The Company has donned the mantle of providing all agri-products through a ‘single window’ to enable the farmer to buy all products from one source.
  • The Company dealers provide Urea and other agri-inputs like DAP (Di-Ammonium Phosphate), MOP (Murate of Potash), SSP (Single Super Phosphate), pesticides and seeds. Most of these products are sourced from reputed suppliers and sold under the ‘Uttam’ umbrella brand. Today, the Company has attained a leadership position in the pesticide business in North India.

 

Particulars 2014-15 2013-14 % Inc/Dec
Urea Production (MT in lac) 18.52 19.41 -5
Urea Sales (MT in lac) 18.85 20.96 -10
SSP Production (MT in lac) 1.38 1.03 34
SSP Sales (MT in lac) 1.65 0.64 158

 

  • To promote sustainable farming practices, Chambal has a well-structured farmer advisory programme known as ‘Uttam Bandhan’.
  • To encourage the new age farmer, a website, ‘uttamkrishi.com’, provides information on the weather, suitable cropping techniques and markets in Hindi language.
  • ‘Hello Uttam’ toll-free telephonic helplines have been set up to answer the queries raised by farmers. Unemployed youth from villages are enrolled as ‘Uttam Krishi Salhakars’. They are trained in the latest farming techniques and provide specialised services to farmers.
Sales Of various Products
Products 2014-15 2013-14 % Inc/Dec
Di- Ammonium Phosphate 6.39 6.04 6
Muriate of Potash 1.99 0.42 374
SSP 0.22 0.54 -59
Other fertilizers 0.42 0.6 -30
Pesticides – (Rs. Crs) 302.94 249.67 21
Seeds – (Rs.Crs) 64.97 51.56 26

 

Management:

  • Mr. S. K. Poddar – Chairman
  • Mr. Anil Kapoor  – MD

The Equity Capital is @ Rs 416.21 consisting of 416207852 equity Shares of FV Rs 10 currently held 

8.91% Of the Promoter’s Holding is pledged.

Major Non-Promoter Holdings:

Sr.No Non – Promoters  No. of shares held % of shares held
1 Reliance Capital Trustee Co Ltd A/C 6702381 1.61
2 DSP Blackrock Micro Cap Fund 6599566 1.59
3 Life Insurance Corporation of India 26589034 6.39

 

The Debt of the company comprises of :

DEBT (Rs. Crs)
Particulars 31-03-2016 31-03-2015
Long term loan – Fertiliser / Textile 33.13 146.12
Long term loan – Urea expansion G3 project 212.63 _
Long term loan – Shipping 795.58 925.07
Working Capital 3775.16 2879.13
Total 4816.5 3950.32

 

 

Consolidated Financial Trends (In Rs. Crs) :

Particulars FY16 FY15 FY14 FY13 FY12 FY11
Equity Paid Up 416.21 413.95 413.95 416.21 416.21 416.21
Networth 2371 2251 2056 1852 1701 1576
Total Debt 4629 3800 4456 5004 3474 2415
Net Sales 10527 9843 9016 8283 7618 5773
Other Income 44 105 105 81 80 87
PAT 216.09 294.61 244.12 238.52 158.31 240.59
Book Value (Rs) 57 54 50 44 41 38
EPS (Rs) 5.19 7.12 5.90 5.73 3.80 5.78

 

 

 

 

 

 

 

 

 

 

 

FirstSource Solutions Ltd

by Scrip Watch

FirstSource Solutions Ltd
BPO/KPO
FV – Rs 10; 52wks H/L – 48.85/25; TTQ – 14.58 Lakhs; CMP (June 24, 2016) – Rs 44.15;

Market Cap – Rs 2979.3Crs

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
Consolidated 673.3 2425 427 3230 264.9 36 3.9 11.3 23.80 1.23 55.54 1.51
Standalone 673.3 1771 116 874 149.7 26 2.22 19.89 23.80 1.7 55.54 1.51

 

Valuation Parameters 

  1. EV/EBITDA: 8.24
  2. EV/Share: Rs 50
  3. EV/Sale: 1.03
  4. Market Cap/ Sale: 0.92
  5. Debt to Equity: 0.18

Recent Updates

  • In June 2016, Board of Directors of the Company approved grant of 3000000 stock options (each option exercisable into one equity share) to the eligible employees of the Company and its subsidiaries at an exercise price of Rs. 40.90 per share under Employee Stock Option Scheme of the Company.
  • The company’s US Subsidiary, FG US completed acquisition of ISGN’s Business Process Outsourcing Division in May 2016.
  • FY16’s growth was lower than guidance due to Approx. 200 bps due to decline in domestic business and a further 200 bps due to challenges faced in US telecom client business.

Block Deals

Date Exchange Quantity Price (Rs) Value (Rs Crs) Time
07-06-2016 NSE 916470 41.80 3.83 10:35
02-06-2016 BSE 500000 41.25 2.06 12:43
16-03-2016 NSE 504590 34.50 1.74 09:23
15-03-2016 BSE 501951 34.75 1.74 10:33
16-02-2016 NSE 500000 31.10 1.56 11:48
15-09-2015 NSE 690000 27.70 1.91 15:29
26-03-2015 NSE 852054 29.80 2.54 12:03
25-03-2015 NSE 500057 30.25 1.51 10:08

 

IPO

  • The company came out with its IPO in the year 2007 @Rs 64 a share and was promoted by the ICICI Group.
  • The IPO size was Rs 443 Crs with a fresh issue of 60 million shares and an offer for sale of 9.3 million shares by Promoter, ICICI Group.
  • The IPO was oversubscribed 40 times and got listed at Rs 90.

The Company’s share price after making a high of Rs 93 in 2007 made a. All time low of Rs 6 in 2012 and has now climbed to Rs 44 in June 2016.

Year Open High Low Close No. of
Shares		 No. of
Trades		 Total Turnover Deliverable Quantity % Deli. Qty to Traded Qty * Spread
H-L C-O
2007 75.10 93.45 61.55 76.85 23,02,88,286 12,47,036 18,74,85,89,066 6,74,65,449 29.30 31.90 1.75
2008 77.85 89.80 10.60 12.93 13,30,08,749 5,92,767 5,72,69,25,664 4,43,12,660 33.32 79.20 -64.9
2009 13.24 40.00 9.50 34.10 1,15,98,52,250 20,83,617 30,88,92,00,709 29,88,82,922 25.77 30.50 20.86
2010 34.50 37.95 19.40 24.80 23,00,86,900 5,58,955 6,73,30,08,383 8,05,11,810 34.99 18.55 -9.70
2011 25.20 25.95 5.67 6.11 14,80,87,318 3,77,278 2,29,29,01,939 5,48,08,235 37.01 20.28 -19.09
2012 6.15 15.14 6.00 12.07 23,08,16,372 3,92,113 2,55,39,42,588 8,84,26,246 38.31 9.14 5.92
2013 12.10 23.65 9.40 22.10 16,39,20,738 3,80,858 2,61,63,51,106 7,75,12,274 47.29 14.25 10.00
2014 22.20 44.30 21.50 34.65 19,33,68,346 8,27,567 6,23,59,88,190 7,44,28,444 38.49 22.80 12.45
2015 34.60 45.90 25.15 43.20 12,03,45,457 5,02,739 4,07,57,33,038 4,74,05,440 39.39 20.75 8.60
2016 43.60 48.85 28.85 44.15 5,87,73,263 2,24,309 2,32,09,60,881 2,27,02,465 38.63 20.00 0.55

 

Overview

  • Firstsource Solutions Limited is a business process management company.
  • The Company provides business process outsourcing (BPO)/business process management (BPM) services to the healthcare, telecommunications and media, and banking, financial services and insurance (BFSI) industries.
  • The Company has two segments: Banking, Financial Services and Insurance and Non-Banking, Financial Services and Insurance.
  • The Company’s product portfolio includes First Customer Intelligence, First Chat, First Smartomation, First Resolve and First WF Suite.
  • The Company’s flagship product First Customer Intelligence is a customer interaction analytics solution. First Chat is an online customer engagement product.
  • First Smartomation is a process automation solution. First Resolve is a complaints management solution. First WF Suite is a workforce management solution, which consists of consulting services, managed services and WFM capability development.

Management

  • Mr Sanjiv  Goenka is the Chairman
  • Mr Rajesh Subramaniam is the MD & CEO

The Equity Capital is @Rs 67.33 Crs consisting of 673314912 Equity Shares of FV Rs 10 currently held

None of the promoter’s holding is pledged

Major Non-Promoter % Stake
Birla Sun Life Trustee Company Private Limited A/C Birla Sun Life Midcap Fund 1.11
Steinberg India Emerging Opportunities Fund Limited 1.75
Goldman Sachs India Fund Limited 2.75
Jhunjhunwala Rakesh Radheshyam 3.49

 

Consolidated Financial Trends ~ Amt in Rs Crs

  FY 16 FY 15 FY 14 FY 13 FY 12 FY 11
Equity Paid Up 673.3 666.3 659.7 657.8 430.78 430.64
Networth 2425 2089 2091 1714 1430 1423
Long Term Debt 427 414 664 850 926 1404
Total Sales 3230 3035 3106 2819 2255 2055
PAT 265 234 193 147 62 139
EPS (Rs)(adj.) 3.93 3.48 2.86 2.18 0.92 2.06
Book Value (Rs)(adj.) 36 31 31 25 21 21

 

  • In FY15, Company issued 6556583 equity shares of the face value of Rs 10 each on the exercise of stock options under Firstsource Solutions Employee Stock Option Scheme, 2002 (ESOS 2002) and Firstsource Solutions Employee Stock Option Scheme, 2003 (ESOS 2003). Thus, the outstanding, issued, subscribed and paid up capital of the Company increased from 659734876 shares to 666291459 shares of Rs 10 each aggregating to Rs 666.29 Ccrs.
  • In FY14, Company issued 2061125 equity shares of the face value of Rs 10 each on the exercise of stock options under Firstsource Solutions Employee Stock Option Scheme, 2003. Consequently, the outstanding, issued, subscribed and paid up capital of the Company increased from 657673751 shares to 659734876 shares of Rs 10 each aggregating to Rs 659.74 Crs.
  • In FY13, after the issue of 226897444 equity shares to Spen Liq Private Limited on preferential allotment basis, the issued, subscribed and paid-up equity share capital of the Company increased from 430776307 shares to 657673751 shares of Rs 10 each aggregating to Rs 657.67 Crs.
  • In FY12, the Company issued 138125 equity shares of the face value of Rs 10 each on the exercise of stock options under the Employee Stock Option Schemes of the Company. Consequently, the outstanding, issued, subscribed and paid-up equity share capital of the Company increased from 430638182 shares to 430776307 shares of Rs 10 each.