Prozone Intu Properties Ltd

Realty
FV – Rs 2; 52wks H/L –38.75/23.5; TTQ – 15.86 Lacs; CMP – Rs 38 (As On October 18th 2016; 11.30);                         

         Market Cap – Rs 571.5 Crs

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

Standalone Financials and Valuations for Q1 FY17

 Valuation Parameters:

1. Long Term Debt to Equity – 0.40
2. ROE % – 1.3
3. Market Cap/Sales – 6

Radhakrishna Damami has bought 19.7 lakh equity shares of the company during July –September quarter.

http://www.moneycontrol.com/news/buzzing-stocks/prozone-indu-zooms-20-after-radhakishan-damani-picksstake_7633121.html

Key Updates:

• Key Business Strategy – Develop Large scale Land Parcels for Mixed Use development with 75% of the Land to be developed as Residential & Commercial – Build & Sell model whereas 25% of the Land to be developed as Retail – Build & Lease Model.
• The Company has 17.79 mn sq. ft. of Fully Paid Upland bank in prime locations with 1.2 mn developed till date and more than 16.5 mn sq. ft. balance to be monetized which is being developed in different phases .
• Robust Balance sheet with Low Leverage at 0.35x.
• At current valuation, the Land bank valuation for the company is expected to be Rs. 20,000 mn.
• The Company owns six land banks in strategic city locations across the country comprising a total of 17.8 million square feet of developable area.

Projects in Pipeline:

1. Residential Properties in Nagpur (Prozone Palms township is being developed in 2 phases and Phase 1 of the same is spread over 11 acres of land with 2001608 sq. ft. of saleable area. Prozone Palms offers 14-storey towers with a total of 1176 flats with a wide range of luxurious 2 BHK, 3 BHK & 4 BHK apartments meticulously planned for spacious living.)
2. Indore (Prozone Palms township is being developed in 2 phases and Phase 1 of the same is spread over 11 acres of land with 2361662 sq. ft. of saleable area. Prozone Palms phase 1 offers 18-storey towers with a total of 1574 flats with a wide range of luxurious 2 BHK, 3 BHK & 4 BHK apartments meticulously planned for spacious living.)
3. Coimbatore (Retail development to have 664000 sq ft of GLA spread over 2 phases. Prozone Palms township is being developed in single phase and is spread over 11 acres of land with 1512000 sq. ft. of saleable area. Prozone Palms phase 1 offers 18-storey towers with a total of 1088 flats with a wide range of luxurious 2 BHK, 3 BHK & 4 BHK apartments meticulously planned for spacious living.)

All of these are luxurious retail townships with premium Clubhouse Infrastructure like as kids play area, meditation centre, aroma garden, therapeutic walk, multipurpose court, swimming pool, jacuzzi, barbeque pavilion, outdoor dining plaza, jogging/cycling track, amphitheatre etc.

Overview:

• Prozone Intu Properties Limited is an India-based retail and residential-led mixed-use real estate development company. The Company is engaged in the business of designing, developing, owning and operating of shopping malls, commercial and residential premises.
• It owns 15 properties, 10 of the top 25 shopping centers with a dominant market share. It is a joint venture between Provogue (India) Ltd and Capital Shopping Centres Plc.
• The Company operates in two segments: leasing and outright sales.
• Prozone Intu Properties Ltd. (Prozone Intu) is jointly developed by Provogue (India) Limited and Intu Properties Plc set up to create, develop and manage world-class regional shopping centres and associated mixed-use developments Pan-India.
• Prozone Intu strategy is to participate and dominate in the retail space in Tier 2 and 3 cities in which robust urbanization is expected, which will result in growth of consuming middle class from 300 to 500 million in next 5 years.
• Intu Properties is UK’s Largest Retail Real Estate Company.
• Intu Properties plc is a UK FTSE 100 listed Company owning and managing assets worth more than 8.9 bn pounds. They own 17 properties, 12 of which are among the top 25 shopping centers in the UK, representing ~ 38% UK market share.
• Intu Properties plc has more than 21mn sqft of retail space; 400 million customer visits a year.

The Company subsidiaries include Alliance Mall Developers Co Private Limited (AMDPL), Omni Infrastructure Private Limited (OIPL), Hagwood Commercial Developers Private Limited (HCDPL), Empire Mall Private Limited(EMPL), Royal Mall Private Limited(RMPL) , Jaipur Festival City Private Limited (JFCPL) and Kruti Multitrade Private Limited (KMPL).

Management:

• Nikhil Chaturvedi – MD
• Salil Chaturvedi– Deputy MD
• Punit Goenka – Chairman
• Anurag Garg – CFO

Major Non-Promoter Holdings:

Consolidated Financial Trends (In Rs. Crs) :

The Company does not have any Short term Borrowings. Total Debt is all Long term Debt.

Risks:
E-Commerce Players coming in according to which there is a huge threat to stores in shopping malls as people are preferring online rather than offline which is a major risk. Other risks involved are:

• Brand Risk , Business Risk and Economic Risk.
• Real estate being capital intensive industry has strong correlation with domestic and global growth and slowdown can restrain fresh demand and availability of capital.
• Delay in execution of the project can result in cost overruns which in turn impacts company’s reputation and returns.
• Delay in land acquisition due to internal factors can affect the company.
• Contractor or Sub- Contractor issues regarding commitments made earlier.
• Volatility of prices in the real estate sector. ( Most projects are sold on’ no price escalation’ basis)
• Regulations of the government and REITs. (Real Estate Investment Trusts.)

Kisan Mouldings Ltd
Plastic Products
FV – Rs 10; 52wks H/L –52/16.55; TTQ – 25; CMP – Rs 52 (As On October 17th 2016; 11:30) ;

Market Cap – Rs 111.61 Crs

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

Standalone Financials and Valuations for Q1 FY17 (Amt in Rs Crs unless specified)

• Promoter holding has decreased considerably to 51.23 in Sept,16 from 68.96 in June,16

The company eyes Rs.1000 Crs turnover by FY 2018.

(http://www.business-standard.com/article/pti-stories/kisan-mouldings-eyes-rs-1-000-cr-turnover-by-fy18-115052001141_1.html)

On 18^th April 2016 the members have approved preferential allotment of 1381000 shares of the company.

On 21^st September 2016 the members of the Committee have approved the allotment of 7400000 Equity Shares of Rs. 10 each at a price of Rs. 40/- (inclusive of premium Rs. 30/-) on preferential basis. http://corporates.bseindia.com/xml-data/corpfiling/AttachHis/9E8865EB_9EA6_4739_B34A_BFE63361ED19_153335.pdf

Overview:

Kisan Mouldings Limited (KML) is one of India’s largest plastics companies, processing around 50,000 metric tonnes of polymer each year. 

• Kisan Mouldings Limited is an India-based manufacturer of polyvinyl chloride (PVC) pipes, fittings and allied products.
• The Company’s segments include Pipes and Fittings, and Moulded Furniture.
• The Company’s pipes are used for water supply, sanitation, sewerage, construction, cable ducting, drinking water, tube wells, submersible pumps and various polymer products.
• The Company is also engaged in manufacturing of molded furniture.
• The Company’s pipes include rigid unplasticized polyvinyl chloride (uPVC) pipes; soil, waste and rain water (SWR) pipes, free flow uPVC plumbing pipes (American Society for Testing and Materials (ASTM)), high density polyethylene (HDPE) pipes, submersible pipes and underground drainage pipes, among others. The Company’s products include fittings, chlorinated polyvinyl chloride (CPVC) plumbing system, composite piping system, irrigation systems, Kisan barish rain water system, furniture, solvent cement, rubber lubricants, and cisterns and seat covers.

KML has decided to restructure its manufacturing footprint and is now focusing on reallocating capacities from various units to the core units in Tarapur and Tumkur. This will allow for lower order completion times and better economies of scale.

The Company has experienced a reduction of sales of about 16% in terms of Value. From a segmental point of view, Agricultural PVC Pipes have declined by over 30% in terms of Value.

Clientele:

• Shirke
• Indian Petrochemicals Ltd
• Hiranandani
• Lloyds Group
• Peninsula Land
• Raheja Corp
• Voltas
• Evershine
• HCC
• L &T
• Shapoorji Pallonji
• Tata
• Hindalco
• TCS
• Brigade Group
• Bhel
• Others

Industry Updates:

• India’s plastics industry is projected to grow dramatically in the coming years.
• There is a huge potential to grow business not only for catering to domestic demand but also for catering to global demand of plastics products and is obvious that the country will remain one of the largest sources of additional demand for almost all kinds of plastics and plastics products for major usages i.e. domestic, industrial and agriculture.
• Polymer consumption in the country has witnessed a growth in the year under review but there was tremendous volatility in the Polymer prices during the preceding year, owing to the drastic changes in crude prices.

Management:

• Mr. Vijay Aggarwal – Chairman
• Mr. Ashok Aggarwal – MD
• Mr. Suresh Purohit – CFO

Bulk Deals :

Major Non-Promoter Holdings:

Standalone Financial Trends (In Rs.Crs):

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)

Standalone Financials and Valuations for Q1 FY17

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:

Consolidated Financial Trends (In Rs. Crs) :

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)

Standalone Financials and Valuations for Q1 FY17

• 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:

Consolidated Financial Trends (In Rs. Crs) :

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)

Standalone Financials and Valuations for Q1 FY17

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:

Standalone Financial Trends (In Rs. Crs) :

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)

Consolidated Financials and Valuations for Q4 FY16

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.

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

2. 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:

Consolidated Financial Trends (In Rs. Crs) :

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)

Standalone Financials and Valuations for Q1 FY17

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:

Consolidated Financial Trends (In Rs. Crs) :

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.

Bombay Burmah Trading Corporation Ltd
Tea & Coffee
FV – Rs 2; 52wks H/L –611.95/311; TTQ – 1.54 Lacs; CMP – Rs 491 (As On August 9 2016; 11.00);                                  
Market Cap – Rs 3426 Crs

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

Standalone Financials and Valuations for Q4 FY16

Valuation Parameters:

1. Long Term Debt to Equity – 0.16
2. ROE % – 20.21
3. Market Cap/Sales – 0.38

Bombay Burmah Trading Corp(BBTC) is a holding company for Britannia and other companies of Wadias. BBTC holds  50.75% in Britannia. (Market Cap of Britannia is Rs.37647 Crs.)

During FY2015 the company sold its Land and Building in Padi, Chennai resulting in a profit of Rs.159.92 Crs.

Overview:

• The Bombay Burmah Trading Corporation Ltd operates through the following segments: Plantation Products (produces/trades in Tea, Coffee, Timber, Cardamom and Pepper); Dental Products (manufactures/trades in Health Care/Dental products); Auto Ancillary Products (manufactures, solonoids, switches, valves, slip rings etc. for automobile and other industries); Investments (invests in various securities listed as well as unlisted mainly on a long term basis); Weighing Products (manufactures/trades in Analytical, Precision Balances and Weighing Scales), and Real Estate (represents property development).
• It operates through the following subsidiaries: Dowbiggin Enterprises Pte. Limited, Nacupa Enterprises Pte. Limited, Spargo Enterprises Pte. Limited, Valletort Enterprises Pte. Limited and Bannatyne Enterprises Pte. Limited.

 Management:

• Nusli Wadia – Chairman
• Ness Wadia – MD
• Amit Chhabra – CFO

The Equity Capital is @ Rs 13.96 Crs consisting of 69771900 equity Shares of FV Rs 2 currently held as under

2.85% Of the Promoter’s Holding is pledged.

Major Non-Promoter Holdings:

Consolidated Financial Trends (In Rs. Crs) :

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)

*Virtually debt free.

Consolidated Financials and Valuations for Q4 FY16

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 25^th 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.

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:

Consolidated Financial Trends (In Rs. Crs) :

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) :

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)

Consolidated Financials and Valuations for Q4 FY16

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:

3. 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.

Minor ports contributing ~44% of total traffic in FY15

4. 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:

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.

Management:

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

Major Non-Promoter Holdings:

Unquoted Investments by Oricon Enterprises:

Consolidated Financial Trends (In Rs. Crs) :