India Cements Ltd – 24 July 2020

by EquityScrip Watch

India Cements Ltd

Cements & Cement Products

FV – Rs 10; 52wks H/L – 140/67.9; TTQ – 2.60 Lacs; C    MP – Rs 118 (As On July 24, 2020);

Market Cap – Rs 3668 Crs

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

 

India Cement
Year Equity Capital Net Worth  Debt Total Sales PAT BV EPS P/E P/BV Promoter’s Holdings
Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Rs %
 

 FY20

 310 5498 3163 5228 53 177 1.71 69 0.67 28.27
FY19 310 5246 3048 5809 25 169 0.82 161.57 0.78 28.30

India Cements Ltd asserted that the management in the company was stable and it would continue its focus on cement business. (https://www.thehindubusinessline.com/companies/india-cements-posts-loss-in-q4-full-year-on-covid-19-impact/article31904718.ece#)

Overview:

  • The India Cements Ltd. is a pioneer enterprise during the post-independence era to become a public limited company.
  • From a two plant company having a capacity of just 1.3 million tonnes in 1989, India Cements has robustly grown in the last two decades to a total capacity of 15.5 million tonnes per annum.
  • After the approval of a Scheme of Amalgamation and arrangement between Trinetra Cement Ltd and Trishul Concrete Products Ltd with The India Cements Ltd, all the cement assets have come under one roof – India Cements. India Cements has now 8 integrated cement plants in Tamil Nadu, Telangana, Andhra Pradesh and Rajasthan and two grinding units, one each in Tamil Nadu and Maharashtra.
  • The company has 13 subsidiaries controlled through shareholdings in such Companies, none of which is material.

 

The performance of the Company was also in line with the improved performance of the industry with increase in clinker production, cement production and sales which are as under:

Particulars 2019 2018 % Growth
  (In Lakh Tonnes)  
Clinker Production 91.59 80.09 14
Cement Production 123.11 111.15 11
Cement Sales 122.83 111.5 10
Clinker Sales 1.57 0.26 504
Total Sales 124.4 111.76 11

Mr. N. Srinivasan is the Vice Chairman & MD of the company.

Shareholding Pattern:

Major Holdings:

Non – Promoters No. of shares held % shares held
Subdaram Mutual Fund 7188453 2.32
ELM Park Fund Ltd 17361746 5.6
LIC 14576741 4.71
Radhakishan S Damani 33452777 10.8
Gopikishan S Damani 25601589 8.26
Radhakishan S Damani & Gopikishan S Damani 4145103 1.34
Sri Saradha Logistics Pvt. Ltd 20621843 6.66

 

Share Price Trend:

Price Snapshot:

Year Open (Rs.) High (Rs.) Low (Rs.) Close (Rs.)
2010 124.5 143.15 95 107.65
2011 107.25 112.8 62.1 65.95
2012 66.1 118.5 65.05 90.75
2013 91.3 95 43 60.1
2014 59.8 134.3 46 85.4
2015 86.5 115.8 63.6 85.4
2016 97.55 164 64 116.65
2017 117.4 226 117.4 182.6
2018 184.6 205.9 80.05 96.1
2019 96.2 116.9 67.9 71.4
2020 71.25 140 69.55 119.95

 

Financials:

The sales volume increased by 10% during the year while the gross realisation per ton of cement was lower on account of lower selling price resulting in only a marginal improvement in the top line.

Peer Comparison:

India Cement Ultratech Cements Shree Cements Birla Corporation
Price (Rs) 118 3779 21343 560
FV (Rs) 10 10 10 10
Market Cap 4081 109093 77007 4312
Equity 310 289 36 77
Net Worth 5498 39115 13169 4806
Total Debt 3163 21353 2349 3753
Sales 5228 42773 13143 7001
Net Profit 53 5810 1544 505
EPS (Rs) 1.71 201.3 428 65.6
BV (Rs) 177 1355 3650 624
PE 69 18.8 49.8 8.5
PB 0.67 2.8 5.8 0.9
Capacity (MT) 15.5 111.4 40.4 15.5
Realization Per Tonne 3650 4750 4648 4712

 

Iol Chemicals and Pharmaceuticals Ltd.

by Scrip Watch

Iol Chemicals and Pharmaceuticals Ltd.

Pharmaceuticals

FV – Rs 10; 52wks H/L – 833.40/147.35; TTQ – 2.5 Lacs; CMP – Rs 737.65 (As On July 24, 2020);                   

      Market Cap – Rs 4300.91 Crs

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

Year Equity Capital Net Worth Long Term Debt Total Sales PAT BV EPS P/E P/BV Promoter’s Holdings
Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Rs %
2020 57 814 56 1894 361 143.00 63.51 11.62 5.16 43.69
2019 57 474 258 1685 237 83.38 41.61 17.73 8.85 41.89

 

About the Company:

IOLCP is India’s one of the leading generic pharmaceutical company, and is a significant player in the Organic chemicals space. IOLCP has a wide presence across various therapeutic categories like, Pain Management, Anti-diabetic, Anti hypertensive, AntiConvulsants, etc.

The company deals in APIs(Active Pharmaceutical Ingredients) and Speciality Chemicals 

It has an API capacity of 12000 TPA which is roughly 34.2% of India’s total API capacity.

API:

In the API division the company presently has a commercial distribution in 6 products: 

  1. Ibuprofen (nonsteroidal anti-inflammatory drug -NSAID)
  2. Metformin Hydrochloride (mainly used to control high blood sugar)
  3. Lamotrigine ( used to treat epilepsy and bipolar disorder)
  4. Fenofibrate ( used to reduce the amounts of cholesterol and triglycerides in the blood) 
  5. Clopidogrel Bi sulphate ( Stimulates platelets aggression)
  6. Ursodeoxycholic acid ( used to reduce the amounts of cholesterol)

They have 10 more products in the advance stage of development 

Speciality Chemicals:

  1. Ethyl Acetate (Paints, Varnishes, Cleaning Mixtures)
  2. Iso Butyl Benzene ( manufacture of Ibuprofen)
  3. Acetyl Chloride ( used in organic synthesis and dyes)
  4. Mono Chloro Acetic Acid ( used to make plastics, pharmaceuticals, flavors, cosmetics)

Board of Directors:

  1. Rajender Mohan Malla (Chairman and Independent Director)
  2. Varinder Gupta (Managing Director)
  3. Vijay Garg (Joint Managing Director)

 

Shareholding Pattern:

Price History:

Peer Comparison:

(All Figures in Rs Cr. unless specified)

IOLCP Granules Divis Solara
Price (Rs) 737.65 280.3 2397.25 650.5
FV (Rs) 10 1 2 10
Market Cap 4300.91 7127 63639 1747
Equity 57 25 53 27
Net Worth 814 1844 7310 1086
Total Debt 56 793 34 587
Sales 1894 2599 5394 1322
Net Profit 361 335 388 115
EPS (Rs) 63.5 13.2 14.6 42.6
BV (Rs) 143.0 72.5 275.4 404.3
PE 11.6 21.2 163.9 15.3
PB 5.2 3.9 8.7 1.6
API Capacity (TPA) 12000 4800 5000

 

Daily Notifications as on 23rd July 2020

by NotificationsScrip Scan

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200723-32

1. Scrip code : 500850
Name : Indian Hotels Co. Ltd
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Further to our letter dated November 11, 2019 with regards to the Board’s approval for acquisition of balance stake in ELEL, the Company has today signed a binding agreement for the acquisition of the balance 14.28 per cent equity interest in ELEL from the Nanda family. This will make IHCL 100% leasehold owner of the landmark Sea Rock hotel site by 31st December 2021. You are requested to kindly take the above on record.

2. Scrip code : 519491
Name : Ocean Agro (India) Limited
Subject : Updates Of Delisting
Our Promoter, Mr. Kaushik Babubhai Parikh (‘Acquirer’) has made a Delisting Offer of 20,33,200 Equity Shares of face value Rs. 10/- each through Letter of Offer dated July 3, 2020 through Stock Exchange mechanism of BSE pursuant to Tender-Offer under Delisting to facilitate tendering of equity shares by the shareholders and settlement of the same, through the stock exchange mechanism. Please find enclosed Letter from the Promoter for accepting the Exit Price for the Delisting Offer of the Company.

3. Scrip code : 531719
Name : Bhagiradha Chemicals and Industries
Subject : Incorporation Of A New Wholly-Owned Subsidiary (Wos) Company – Regulation 30 Of SEBI (LODR) Regulations, 2015.
Incorporation Of A New Wholly-Owned Subsidiary (Wos)Company – Regulation 30 Of SEBI (LODR) Regulations, 2015.

Daily Notifications as on 22nd July 2020

by NotificationsScrip Scan

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200722-27

1. Scrip code : 513262
Name : Steel Strips & Wheels Ltd
Subject : Alloy Wheels Revenue To Grow 300 Percent In FY 2020-21
In furtherance to our earlier announcement dated 03.07.2020 (i.e. Mehsana Secures Alloy Wheel Long term order book for 4000crs), SSWL is pleased to confirm that on the basis of current market scenario and available orders, SSWL shall cross more than 1 million Alloy Wheels sales resulting in a total revenue of more than Rs. 325 Crores in FY 2020-21. This will represent a plus 300 percent growth over last financial year. Kindly take the above on your records please.

Daily Notifications as on 21st July 2020

by NotificationsScrip Scan

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200721-31

1. Scrip code : 718663
Name : Mahindra & Mahindra Ltd.
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
We refer to the letter dated 18th July, 2020 of Mahindra & Mahindra Financial Services Limited, a listed subsidiary of the Company (“MMFSL”), intimating the Stock Exchanges that the Board of MMFSL has inter alia approved Rights Issue of Equity Shares of the face value of Rs. 2 each at an Issue Price of Rs. 50 per fully paid up Equity Share (including premium of Rs. 48 per share) for an aggregate amount not exceeding Rs.3,089 Crores assuming full subscription (‘Issue’). The full amount of the Issue Price will be payable on application. In furtherance to the above as well as the Company’s intimation to the Stock Exchanges dated 12th June, 2020 we wish to inform that the Loans and Investment Committee of the Company, has today accorded its approval to the matters stated in the attached letter.

2. Scrip code : 539112
Name : SAB INDUSTRIES LIMITED
Subject : Shareholders Meeting Held On 30/08/2020
Meeting of Shareholders on 30th August 2020 at 10:00 A.M. at the Registered Office of the Company for amalgamation of Steel Strips Limited (Transferor Company) with SAB Industries Limited (Transferee Company) pursuant to Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. Further, the Company is providing to members facility of voting through Remote e-voting and Poll at the Meeting on the Resolution/business stated above. Central Depository Services Limited (CDSL) is appointed as voting Agency for facilitating e-voting by Members. The period of e-voting is as under: Start date and time of voting 31st July, 2020 at 9:00 A.M End date and time of voting 29th August, 2020 at 5;00 P.M The cut-off date for determining eligibility of Members entitled to vote in e-voting and at the venue, will be Friday, June 12, 2020. We hereby enclose copy of Notice of aforesaid Meeting for your perusal and request you to take the above information on record.

SBI Cards and Payments Services

by Scrip Watch

 

Market Cap: Rs 73,520 crs 

 

52 Week High/ Low: Rs 789/ 495

 

CMP: Rs 780

 

IPO Performance: 

 

During the quarter ended March 31, 2020, the Company had come up with an Initial Public Offering (IPO) of 137,149,314 Equity Shares of face value Rs 10 each comprising of a Fresh Issue of 6,622,516 Equity Shares and an Offer for Sale of 130,526,798 Equity Shares aggregating to Rs.1,034,0.8 crs.

 

SBI Cards did not perform very well at its IPO  and listed 13% below its offer price. 

 

List Date IPO Listing % Variance BSE 09/07/2020 % Variance
Price in Rs Price in Rs List Price over Price in Rs Current Price over
16-Mar-20 755 658 -13 780 3.3

 

Financials: 

 

SBI Cards showed a 14% rise in their Q1 profits this year due to higher interest income. There was also a 20% rise in their cards in force showing that they have acquired new customers even during the pandemic with the rate close to pre-pandemic numbers. 

Given the rise in cards and an increase in profits, it shows that the new cards distributed by them are being used. 

 

21/07/2020 SBI Cards
Year FV CMP Equity Net Worth Long Term Debt Total Income PAT BV EPS P/E P/BV Promoter’s Holdings
Rs Rs Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Rs %
Q1 2021 10 780 938 5734 2195 393 61 16.8 47 13 69.53
FY 2020 10 938 5341 16117 9752 1244 57 13.3 69.55
FY 2019 10 837 3587 12352 7287 864 43 10.3

 

For Q1 2021:

  1. P/E is annualised
  2. Networth is calculated 

 

Additional Data:

 

In accordance with the RBI Circulars dated March 27, 2020 and April 17, 2020 with regard to providing relief to borrowers on account of COVI D-19 pandemic, SBI Card has offered a moratorium on credit card dues to eligible borrowers in accordance with a Board approved policy. In this backdrop, The Company, based on current estimates, has created an additional management overlay on Expected Credit Loss (ECL) amounting to Rs 489.25 crs during the quarter and year ended March 31, 2020. 

 

Daily Notifications as on 20th July 2020

by EquityNotificationsScrip Scan

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200720-45

1. Scrip code : 532555
Name : NTPC Limited
Subject : 800 MW Unit Of Lara Super Thermal Power Project Added To Installed Capacity Of NTPC
In line with the Corporate Disclosure requirements, this is to inform that 800 MW, Unit-2 of Lara Super Thermal Power Project, has been added to Installed Capacity of NTPC on successful completion of Trial Operation. With this, the total installed capacity of NTPC and NTPC group has become 51155 MW and 62910 MW respectively.

2. Scrip code : 532822
Name : VODAFONE IDEA LIMITED
Subject : Update On AGR Matter
Vodafone Idea Limited has intimated update on the AGR Matter to the Stock Exchanges.

BF Utilities (July 17, 2020)

by Free ModulesScrip Watch

BF Utilities

 

Market Cap: Rs  945 Crs

52 Week High/ Low: Rs 361/134 

 

Results: 

 

17/07/2020

BF Utilities
Year FV CMP Equity Capital Net Worth Long Term Debt Total Sales PAT BV EPS P/E P/BV Promoter’s Holdings
2020 Standalone

5

 250 18.83 130.51 3.7 23.76 2.51 34.7 0.7 375.1 7.2 55.99
2019 Standalone

5

 250 18.83 128.1

7

 49.8 27.16 34.0 7.2 34.7

7.3
2019 Consolidated

5

 250 18.83 -59.3 1660.8 469.3 71.9 -15.7 19.1 13.1

–

2018 Consolidated

 5 250 18.83 -98.7 1580 411.6 36 -26.2 9.6 26.2 –

 

The consolidated statements for 2020 are yet to be issued 

 

Standalone Segment Earnings:

 

2020 Revenue
Infrastructure 0.77
Wind Power 19.25

 

5 Year Historical Price Movement: 

BF Utilities is an Indian Holding company belonging to the Kalyani group with investments in Infrastructure and Wind Power Generation. 

 

Its wind farm project consists of approximately 50 wind energy generators of over 230 kilowatts and approximately 10 WEGs of over 600 kilowatts. 

 

Its subsidiaries include:

Nandi Infrastructure Corridor Enterprise Limited (NICE): NICE has an interest in the Bangalore Mysore Infrastructure Corridor Project, which is an infrastructure development project. BMIC Project consists of over 40 kilometres Outer Peripheral Road and over 10 kilometres Expressway up to Bidadi.

 

Nandi Highway Developers Limited:  NHDL has built and operates over 30 kilometres bypass road connecting the twin cities of Hubli and Dharwad in North Karnataka

 

Avichal Resources Pvt. Ltd.

 

Recent News: 

Investor Radhakishan Damani picked up a 1.3% stake (491000 shares) in the June quarter. 

 

Southern Petrochemicals Ltd

by Free ModulesScrip Watch

Southern Petrochemicals Ltd

Fertilizers
FV – Rs 10; 52wks H/L – 25.35/9.5; TTQ – 12 K; CMP – Rs 21 (As On July 17, 2020);                     

            Market Cap – Rs 436 Crs

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

 
Equity Capital
Net worth		 Debt
Total
Sales		 PAT
BV
(Rs)
EPS (Rs)
P/E
Industry P/E
P/BV
Promoter’s
Stake

FY20

 203.64 435 279 2090 67 21 3.3 6.4 9.43 1

52.79
FY19 203.64 371 367 2613 63 18 3.1 6.8 9.43 1.2

52.79

 

Debt to Equity – 0.64

ROE – 15

Market Cap/Sales – 0.2

  • During the quarter, the production and sale of Urea of the company were 1.05 lac MT and 1.16 lac MT and for the year production and sale of Urea stood at 5.50 lac MT and 5.54 lac MT respectively.
  • Of India on 17th June 2015, had permitted the companyto produce  Urea using Naptha as feedstock on existing provisions till assured supply of gas is made available.
  • Subsidy for the quarter and year end of Rs. 436 crs and 1702 crs has been accounted base don the provisional Retention Price (RP) computed in line with government’s policy.
  • During the year, the sale of tissue cultures recorded a sales turnover of Rs. 8 crs. The demand for the product was low due to unfavorable seasonal conditions and subsidy policy under National Horticulture Mission.
  • The Company has signed a Hospitality Agreement with Indian Oil Corporation for a period of two years from 1st July 2019 for using their Tank farm facility at Tuticorin Port premises for handling a part of SPIC’s Imported Naphtha shipments. This has facilitated SPIC for faster discharge of cargo and thereby minimizing the ship demurrage to a large extent.
  • One of the Associate companies is putting up a 24.7 MW floating solar power project in the Company’s water reservoirs which, when completed during this year, will reduce the cost of power. 

 

Overview:

  • Southern Petrochemical Industries Corporation (SPIC) Limited is one of the leading fertilizer manufacturing companies in the country located at Thoothukudi in the State of Tamil Nadu. It is a joint venture founded by Dr M A Chidambaram and Tamil Nadu Industrial Development Corporation Limited (TIDCO), a state-owned industrial development institution.
  • SPIC is one of the earliest units set up in the country with a vision to produce high quality fertilizers to improve the agricultural output of the country.
  • SPIC’s large fertilizer complex is capable of producing 6.2 lakh tons of Neem Coated Urea.
  • SPIC is a household name within the farming community due to its ability to enrich the soil consistently throughout the agricultural cycle with maximum nutrient use efficiency.
  • The Company is a Lead Fertilizer Supplier (LFS) for Tamil Nadu and Pondicherry, we have ensured the usage of 11,611 numbers of Point of Sales (PoS) devices out of 11,980 devices available in the States. The usage percentage is 97 % which is the highest in the country.

Products:

  • Chemical Fertilizers
  • Water soluble Fertilizers
  • Organic Fertilizers
  • Micro Nutrients
  • Plant Growth Regulators
  • Industrial Products

Management:

  • Ashwin C Muthiah – Chairman
  • K R Anandan – CFO

Shareholding Pattern:

Major Holdings:

Non – Promoters

 No. of shares held % shares held

Ruchit Bharat Patel

 7013442 3.44

Finquest Financial Solutions Pvt.Ltd

 6196897 3.04

Hardik B

 431559

2.12
LIC 3926725

1.93
Vibgoyar Investors & Developers Pvt. Ltd 2500000

1.23

 

Share Price Trend:

Share Price Snapshot:

Year

 Open (Rs.) High (Rs.) Low (Rs.) Close (Rs.)

2010

 15.85 35.2 15.8 25.3

2011

 25.45 37.75 14.05 14.45

2012

 14.55 23.1 12.75 15.55

2013

 15.7 21.3 6.7 12.71

2014

 12.66 30.25 10.07 23.5
2015 24 24.85 14.95

22.45
2016 23.2 27.3 17.6

18.75
2017 18.65 49.2 18.4

48.7
2018 48.8 58 23

26.35
2019 26.7 29.55 16.4

18.95
2020 19 25.35 9.5

21.4

 

Daily Notifications as on 17th July 2020

by NotificationsScrip Scan

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200717-45

1. Scrip code : 542667
Name : White Organic Retail Limited
Subject : Record Date For The Purpose Of Issue Of Bonus Shares
In pursuance to approval of shareholders received vide postal ballot, we request you to note that the Board of Directors have fixed the Record date (for shares held in physical as well as for the ones held in electronic mode) for the purpose of issue of bonus shares and the same is Wednesday, July 29, 2020 (subject to receipt of in-principal approval of the Exchange). Stakeholders are requested to kindly take this notice on record in pursuance of regulation 42 of SEBI(LODR) Regulations, 2015 and the not the one submitted earlier.

2. Scrip code : 531642
Name : Marico Limited
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
The Board approved the Scheme of Amalgamation between Marico Consumer Care Limited (a wholly owned subsidiary of the Company) and Marico Limited and their respective shareholders and creditors under Sections 230 to 232 of the Companies Act, 2013 and all other applicable provisions of the Companies Act, 2013 (‘the Scheme’). The Scheme is subject to the requisite statutory/regulatory approvals including the approval of jurisdictional National Company Law Tribunal (‘NCLT’), and the respective shareholders and creditors of the Company and Marico Consumer Care Limited (as may be directed by the NCLT). Disclosure pursuant to Regulation 30(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI LODR Regulations’) read with SEBI Circular No. CIR/CF/CMD/4/2015 dated September 9, 2015, is given in Annexure-I to this letter.

3. Scrip code : 505506
Name : Axon Ventures Limited
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
under section 230-232 of the Companies Act, 2013 of following companies in the company petition No. CSP 758/MB-II/2020. Proaim Enterprises Limited (First Transferor Company) Axon Ventures Limited (Second Transferor Company) Rockon Enterprises Limited (Third Transferor Company) With Banas Finance Limited (Transferee Company)