Archit Organosys Ltd
Commodity Chemicals
FV – Rs 10; 52wks H/L – 88.85/19.55; TTQ – 9.54 Lacs; CMP – Rs 61.9 (As On October 13, 2017);                      
Market Cap – Rs 59 Crs

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

Promoter holding in Dec,2016 was 27.09%

Standalone Financials and Valuations for Q1 FY18

Valuation Parameters:

1. Long Term Debt to Equity – 0.7
2. ROE % – 6
3. Market Cap/Sales – 1.22

Company has developed in house quality products of SMCA powder in to crystal form for the first time in Indian market. This product is developed by Mr. Archit Amin, who has studied in U.S.A. This will fetch good business in export markets with better profitability.

Industry wise domestic utilization rates are expected to reach high levels of 90 % by the end of 2018, given the healthy growth in the end-user market.

In order to expand Companies current manufacturing operations, the Company is in the process of establishing a new manufacturing facility at Narmad (“Bhavnagar Facility”) on a land area admeasuring 56,656 sq. mtrs. In this regard, Company has purchased the land and has started construction of the proposed plant. The Bhavnagar Facility will add to the production capacity of Monochloroacetic Acid (MCA) and Sodium Monochloro Acetate (SMCA) and will add Chloro Acetyl Chloride (CAC) as well as Polyaluminium Chloride (PAC) to Company’s product portfolio.

During the year the company has allotted 10042200 partly paid Equity Shares having face value of Rs. 10 each at a price of Rs. 25per share (including premium of Rs. 15). Rs. 12.50 (Rs. 5 per share towards face value and Rs. 7.50 per share towards share premium) has been received by the Company on application and the remaining amount be payable on first and final call as and when the same is made.

Overview:

• Archit Organosys Ltd is engaged in the business of dealing and manufacturing of chemicals.
• The Company’s products include Mono Chloco Acetic Acid and Ethyle Acetate.
• The Company produces a range of organic chemicals, pigments, specialty derivatives, cosmetic products, adhesives and sealants.
• The Company’s monochloroacetic acid and sodium monochloroacetate are used in the synthesis of various agricultural chemicals, cosmetic surfactants, oil drilling chemicals and plastic additives.
• The Company’s Marval is a plant growth enhancer, which is made from organic plant waste. Marval contains natural trace elements, simple and complex sugars in a balanced form. Marval also contains phenolic compounds and cytokinins.
• The Auxins in Marval are naturally occurring plant growth hormones.
• The Company’s coatings include AOL RUBBOCOAT and AOL ROOF & GUTTER SEALANTS. RubboCoat is  single component rapid drying paint. RubboCoat is used for vehicle underbody and roof tops.

Management:

• Kandarp Amin – Chairman
•  Bharatkumar Shrimali  – CFO

The Equity Capital is @ Rs 10.04 Crs consisting of 10042200 equity Shares of FV Rs 10 currently held as under

None Of the Promoter’s Holding is pledged.

Major Non – Promoter Holdings:

Standalone Financial Trends (In Rs.Crs) :

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)

Consolidated Financials and Valuations for FY16

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:

Consolidated Financial Trends (In Rs. Crs) :

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.

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)

Consolidated Financials and Valuations for FY16

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 31^st 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 – Current Investments: (Equity – Quoted fully paid up)

Segmented Results:

Snapshot of Prices :

• Bonus Issue 1:2

Consolidated Financial Trends (In Rs. Crs) :

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
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)

Consolidated Financials and Valuations for FY16

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:

Consolidated Financial Trends (In Rs. Crs) :

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

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)

Consolidated Financials and Valuations for FY16

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:

Consolidated Financial Trends (In Rs. Crs) :

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
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)

Standalone Financials and Valuations for Q3 FY17

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 8^th 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:

Consolidated Financial Trends (In Rs. Crs) :

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.

OK Play India Ltd
Gift Articles, Toys & Cards
FV – Rs 10; 52wks H/L – 210.65/95.9; TTQ – 2280; CMP – Rs 185 (As On May 30, 2017);                      

            Market Cap – Rs 348 Crs

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

Promoter holding was 60.44% in Sept 16 which has come down to 58.41 currently.

Standalone Financials and Valuations for 9Mnths FY17

Valuation Parameters:

1. Long Term Debt to Equity – 1.24
2. ROE % – NA
3. Market Cap/Sales – 3.3

OK Play India, the plastic auto components maker, on Monday launched 8 e-vehicles — which includes passenger and commercial vehicles — under brand E-Raaja priced between Rs 1.25-1.5 lakh. http://www.business-standard.com/article/companies/ok-play-india-launches-8-e-vehicles-priced-at-rs-1-25-1-5-lakh-117032700539_1.html

At present, we have about 16 dealers but during the course of next financial year, we will looking a dealer network of 1500 (Source – MD Statement)

The Company has ongoing Marketing, Technical & Manufacturing collaboration with Hofit Kibbutz Kinneret Ltd of Israel engage in manufacturing of inspection chamber for sewage, water and communication system for domestic, public and industrial infrastructure.

There was a fire at the plant during night between 9^th and 10^th January,2015 in which the company lost its stocks and part of the Building and Plant & Machinery which has hampered the business of the Company. The Company is also emphasizing on development of new business in plastic moulding including development of new products especially toys, outdoor play equipment and delivery boxes.

The company has developed the latest generation plastic body E-Rickshaw which has got patented and has entered manufacturing agreement for the production at 8 locations all over the country.

The company sees huge requirement of E Rickshaw and other battery operated vehicles and expects to recover all its loss and become profitable in the coming years.

Overview:

• OK Play India Ltd is engaged in manufacturing plastic molded toys, school furniture, playground equipment, infrastructure and automotive products, and point-of-purchase products.
• The Company’s brands include Chillafish, Clics, Gonge, Malinos, Mic-o-Mic, Mookie, OK Play, Petron, Pockos, Primomo, Step2, Tolo and Winther.
• It offers toys for all age groups from toddlers to teenagers for both education and entertainment.
• The Tolo, Pockos, Mookie and Chillafish brands of toys are for infants with a range of teethers, rattles, squeakers and themed ride-ons.
• It offers musical toys for the young children and ride-ons for the older ones.
• Mic-o-Mic and Clics barnds offer building blocks and construction sets.
• Winther offers outdoor play products with a range of ride-ons.
• Its ship category consists of Kids Toys, Kids Furniture, Ride Ons, Games, Vehicles, Sports, Outdoor Fun and Indoor Fun.
• The Company’s manufacturing facilities are located at Sohna in Haryana, and Ranipet in Tamil Nadu.

Management:

• T. R. Handa – Chairman
• Rajan Handa – MD
•  Puspamitra Das – CFO

Major Non – Promoter Holdings:

Godavari Drugs Ltd
Pharmaceuticals
FV – Rs 10; 52wks H/L – 54.9/34; TTQ – 1243; CMP – Rs 42 (As On May 22, 2017);                      

            Market Cap – Rs 32Crs

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

Standalone Financials and Valuations for 9Mnths FY17

Valuation Parameters:

1. Long Term Debt to Equity – 0.3
2. ROE % – 9
3. Market Cap/Sales – 0.5

Overview:

• Godavari Drugs Ltd is engaged in the contract manufacturing, loan license manufacturing, manufacturing and supply of active pharmaceutical ingredients (APIs), drug intermediaries and fine chemicals.
• The Company’s API products include Ciprofloxacin Hydrochloride, Enrofloxacin, Centrizine Hydrochloride and Ethambutol Hydrochloride.
• Its intermediate products include A D Lactone and Benzhyryl Piperazine.
• Its manufacturing facilities are located at Maharashtra Industrial Development Corporation estate at Nanded, Maharashtra, India.
• The manufacturing facilities are equipped with glass lined reactors, stainless steel reactors, filtration equipment of various types, drying equipment of various types, compaction facilities, solvent recovery and rectification facilities, hydrogenation facilities suitable for high pressures up to 45 bar, vapor phase catalytic tube reactors operable at temperatures in the range of 450 degrees centigrade, distillative reaction facilities and others.

Management:

• Ghanshyam Jaju – Chairman
• Mukund Kakani – MD
•  Kirti Kumar Jain – CFO

The Equity Capital is @ Rs 7.53 Crs consisting of 7530500 equity Shares of FV Rs 10 currently held as under

10.48% Of the Promoter’s Holding is pledged.

Major Non – Promoter Holdings:

Standalone Financial Trends (In Rs. Crs) :

Godavari Drugs Ltd
Pharmaceuticals
FV – Rs 10; 52wks H/L – 54.9/34; TTQ – 1243; CMP – Rs 42 (As On May 22, 2017);                      

            Market Cap – Rs 32Crs

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

Standalone Financials and Valuations for 9Mnths FY17

Valuation Parameters:

1. Long Term Debt to Equity – 0.3
2. ROE % – 9
3. Market Cap/Sales – 0.5

Overview:

• Godavari Drugs Ltd is engaged in the contract manufacturing, loan license manufacturing, manufacturing and supply of active pharmaceutical ingredients (APIs), drug intermediaries and fine chemicals.
• The Company’s API products include Ciprofloxacin Hydrochloride, Enrofloxacin, Centrizine Hydrochloride and Ethambutol Hydrochloride.
• Its intermediate products include A D Lactone and Benzhyryl Piperazine.
• Its manufacturing facilities are located at Maharashtra Industrial Development Corporation estate at Nanded, Maharashtra, India.
• The manufacturing facilities are equipped with glass lined reactors, stainless steel reactors, filtration equipment of various types, drying equipment of various types, compaction facilities, solvent recovery and rectification facilities, hydrogenation facilities suitable for high pressures up to 45 bar, vapor phase catalytic tube reactors operable at temperatures in the range of 450 degrees centigrade, distillative reaction facilities and others.

Management:

• Ghanshyam Jaju – Chairman
• Mukund Kakani – MD
•  Kirti Kumar Jain – CFO

The Equity Capital is @ Rs 7.53 Crs consisting of 7530500 equity Shares of FV Rs 10 currently held as under

10.48% Of the Promoter’s Holding is pledged.

Major Non – Promoter Holdings:

Standalone Financial Trends (In Rs. Crs) :

Rama Steel Tubes Ltd
Iron & Steel Products
FV – Rs 5; 52wks H/L – 155.8/88.1; TTQ – 25 K; CMP – Rs 151 (As On May 02, 2017);                      

            Market Cap – Rs 226 Crs

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

Consolidated Financials and Valuations for 9Mnths FY17

Valuation Parameters:

1. Long Term Debt to Equity – 0.65
2. ROE % – 23
3. Market Cap/Sales – 0.92

Rama Steel Tubes, a leading manufacturer of ERW pipes, has said that it has bagged prestigious export orders worth ₹30 crore. The company will execute the orders from its facility at Delhi. This facility has an overall manufacturing capacity of 60,000 tonnes per annum. These orders will boost the performance of the company. In line with its vision of profitable growth, the company has been successful in further strengthening its presence in highly profitable geographies. http://www.thehindubusinessline.com/markets/stock-markets/rama-steel-tubes-limited/article9637936.ece

On March 29, 2017 the Company approved Preferential Allotment of 1500000 Fully Convertible Warrants and 1100000 Equity Shares of Rs.5 each at an Issue Price of Rs.122 each to Promoter and Non – Promoter group.

Operating currently from two locations, Rama Steel Tubes has a total production capacity of 99,000 tonnes which the company plans to increase to 340,000 tonnes by 2019-20 at an investment of Rs 50 crore (excluding land value). http://www.business-standard.com/article/companies/rama-steel-tubes-to-quadruple-production-capacity-in-four-years-116051801184_1.html

Overview:

• Rama Group, One of the leading manufactures of Steel Pipes & Tubes and Rigid PVC & G.I. Pipes in India. Established in 1974 by Sh. H.L. Bansal, Rama in one of the most trusted and established name in the Steel Tube and pipe market in India, and one which in rapidly gaining recognition in overseas markers.
• With its 20% exports rate, the company has global presence in the Countries like United Kingdom, UAE, Sri Lanka, Ethiopia, Kenya, Uganda, Ghana, Kuwait, Republic of Congo, Yemen, Guyana, Germany, USA, South Africa, Zambia and Malta etc. being its prime markets.
• The Company’s range includes MS ERW black pipes from 15mm to 200mm diameter pipes .Pipes from 15mm to 150mm NB in light, medium and heavy sizes.
• As a pioneer and leader in the steel tubes industry, Rama is at the forefront of technology and research and are constantly innovating, listening to the rapidly changing market and giving the consumer the best value for his money. We are Rama, where every effort is towards being better – than the best.
• Rama has developed a very sophisticated manufacturing facility and the company constantly invests in the latest advances in technology.
• To take the lead & full fill the market demand Rama Group has installed a modern high speed Tube Mill based on latest technology of world leader M/s Kusakabe of Japan.
• The plants are located in New Delhi, India’s national capital, in the industrial belt of Sahibabad (Capacity -60000 MT) and in Khopoli (Capacity – 72000 MT).

Management:

• Naresh Kumar Bansal – CMD
• Richi Bansal – CEO
• Rajkumar Malik – CFO

Major Non – Promoter Holdings:

Consolidated Financial Trends (In Rs. Crs) :

The Company had, in the year ending March 31 2016, split the shares to face value Rs.5 Rs.10 and issues 4 bonus shares for every share held resulting in the total equity to Rs.7.47 Crs from Rs.1.49 Crs.

The total revenue grew at 26% due to starting of a new manufacturing facility at Khopoli.