Scrip Watch

Indiabulls Wholesale Services Ltd

Scrip Sanctuaries for protection from the wildlife in this jungle of Indian Equities

Indiabulls Wholesale Services Ltd

Indiabulls Wholesale Services Ltd
Consumer Electronics
FV – Rs 2; 52wks H/L –34.20/8.65; TTQ – 2.33 Lacs; CMP – Rs 28.20 (As On June 13 2016; 11.00);                                  

Market Cap – Rs 143.03 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
10.14 889 317 310 7.08 175 1.4 20.14 57.54 0.16 30.45

2.02

 

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
10.14 889 123 29.06 175 5.73 4.92 57.54 0.16 30.45

2.02

 

Valuation Parameters:

  1. Long Term Debt to Equity – 0.36
  2. ROE % – 0.8
  3. Market Cap/Sales – 0.5

Overview:

  • Indiabulls Wholesale Services Ltd and its subsidiaries are engaged in the business of trading, real estate development and retail business.
  • The Company is also engaged in the business of rendering information technology (IT) consultancy, property maintenance, equipment hiring, and tour and travel services.
  • The Company operates through segments, including Trading, Real estate projects under development, Information technology solutions, Facility maintenance and other related activities, Equipment hiring services and Aviation services.
  • The Company is engaged in the business of wholesale trading of various industrial/consumer products and commodities in select Indian cities.
  • The Company is also engaged in chartering business of aircraft.
  • The Company is developing real estate projects on land situated in Ahmadabad, Gujarat, and Hyderabad, Andhra Pradesh.

 

Management:

  • Mr. Mehul Johnson – Director
  • Mr. Surinder Singh Kadyan  – Whole Time Director
  • Mr. Saurabh Garg – CFO

The Equity Capital is @ Rs 12.66 Crs consisting of 50718493 equity Shares of FV Rs 2 currently held

None Of the Promoter’s Holding is pledged.

Major Non-Promoter Holdings:

Sr.No Non – Promoters No.of shares held % shares held
1 Anil Bansilal Lodha 1912549 3.77
2 Ashish Damani 508121 1
3 ABL Infrastructure Pvt Ltd 682701 1.35
4 Ashok Mehta 524830 1.03

 

 

Consolidated Financial Trends (In Rs. Crs) :

Particulars FY16 FY15 FY14 FY13 FY12
Equity Paid Up 12.66 12.66 12.63 12.57 12.57
Networth 889 882 869 826 791
Total Debt 417 267 22 32
Net Sales 310 208 283 177 90
Other Income 4 1 7 6 6
PAT 7.08 17.75 42.93 41.14 13.7
Book Value (Rs) 140 139 138 131 126
EPS (Rs) 1.1 2.8 6.8 6.5 2.2

 

During 2014-15, additional 156700 no. of equity shares of Rs.10 each were issued.

 

 

 

 

 

 

 

 

 

 

Excerpts from Gaurav’s Blog

  Rest in Peace now Gerela Saab  ! Mr S T Gerela ex GM of BSE passed away peacefully this morning We had not met in years but he always remained at the top of my mind when it came to testimonials for this is what he had said to me over a decade ago,when […] [...]

Vedanta de-listing offer price Rs 87.50~Come on Mr Anil Agarwal ! Promoter Group of  Vedanta Ltd has proposed a voluntary de-listing at an indicative offer price of Rs 87.50~are the over 7.3 lakh minority shareholders from Alibag !? …apologies to the people of Alibag Some would term this as De-listing Duplicity ~ but I would […] [...]

This is a Riskless Reliance Industries Rights Investment Strategy for those over 2.3 Million Shareholders already holding RIL shares. It is not a recommendation to buy RIL cum rights  It’s a no brainer yet I’m just penning a brief note because some have told me they hold Reliance but are skipping the Rights ! Don’t […] [...]

 Wealth is negotiable, Health is not Your Personal Well Being is more important that the Stock Market Well Being ~ Always & more so in this unfathomable ongoing Covid-19 Reality Above’s a three minute reach out by me last night to all connected with me to reinforce this .It’s also posted on Facebook , […] [...]

Yes Bank ~ Has the RBI & MOF lost it !? SEBI really is a bystander here Controversial Lock In Clause 3 Sub Clause 8 (a) in the Scheme of Reconstruction  No wonder the Finance Minister Mrs Nirmala Sitharaman, while highlighting only selected points, even when asked for details of the Scheme,did not want to […] [...]