Nalwa Sons Investments Ltd
Investment Holding Company
FV – Rs 10; 52wks H/L – 806/560; TTQ – 6; CMP (June 22, 2016; 2.15 pm) – Rs 621;
Market Cap – Rs 318.96 Crs
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 | 5.14 | 339 | 33 | 29 | 18.76 | 660 | 36.5 | 17 | 41.65 | 0.94 | 55.62 | 1.05 |
| Standalone | 5.14 | 363 | – | 19 | 13.76 | 706 | 26.77 | 23.19 | 41.65 | 0.88 | 55.62 | 1.05 |
- The auditors have put drawn attention to an Emphasis of matter ~ The Company has made long term investment in a subsidiary company of Rs 61 Crs and in certain other companies of Rs 26 Crs where there is diminution in value of investment.
- In FY15, the company had made Provisions for Non-Performing Assets (Doubtful) of Rs 16 Crs.
- Jindals to unwind complex cross-holdings
- The Company’s stock has very low liquidity
| Month | Open | High | Low | Close | No. of Shares |
No. of Trades |
Total Turnover | Deliverable Quantity | % Deli. Qty to Traded Qty | * Spread | |
| H-L | C-O | ||||||||||
| Jan 15 | 755.05 | 789.95 | 750.05 | 755.00 | 3,549 | 737 | 27,07,071 | 3,114 | 87.74 | 39.90 | -0.05 |
| Feb 15 | 755.00 | 774.00 | 710.00 | 710.00 | 3,439 | 708 | 25,41,515 | 2,406 | 69.96 | 64.00 | -45.00 |
| Mar 15 | 710.00 | 780.00 | 620.25 | 654.75 | 6,255 | 1,181 | 42,65,642 | 4,349 | 69.53 | 159.75 | -55.25 |
| Apr 15 | 647.25 | 694.50 | 622.00 | 660.00 | 2,494 | 433 | 16,35,557 | 1,877 | 75.26 | 72.50 | 12.75 |
| May 15 | 658.50 | 699.75 | 625.00 | 636.00 | 1,945 | 228 | 12,72,453 | 1,351 | 69.46 | 74.75 | -22.50 |
| Jun 15 | 638.00 | 668.00 | 610.00 | 610.00 | 3,482 | 158 | 21,55,329 | 2,250 | 64.62 | 58.00 | -28.00 |
| Jul 15 | 611.00 | 650.00 | 610.00 | 612.00 | 3,793 | 217 | 23,32,835 | 3,164 | 83.42 | 40.00 | 1.00 |
| Aug 15 | 611.00 | 680.00 | 600.00 | 606.25 | 3,814 | 155 | 23,88,176 | 3,209 | 84.14 | 80.00 | -4.75 |
| Sep 15 | 606.00 | 715.00 | 600.00 | 624.00 | 10,845 | 545 | 68,94,275 | 2,380 | 21.95 | 115.00 | 18.00 |
| Oct 15 | 624.00 | 654.00 | 612.25 | 632.25 | 1,623 | 107 | 10,21,187 | 1,507 | 92.85 | 41.75 | 8.25 |
| Nov 15 | 620.25 | 780.00 | 610.00 | 719.00 | 32,111 | 1,731 | 2,30,04,667 | 9,289 | 28.93 | 170.00 | 98.75 |
| Dec 15 | 730.00 | 806.00 | 701.00 | 731.50 | 11,794 | 890 | 89,48,129 | 7,042 | 59.71 | 105.00 | 1.50 |
| Jan 16 | 730.00 | 770.00 | 621.00 | 639.25 | 26,206 | 1,103 | 1,77,01,500 | 6,821 | 26.03 | 149.00 | -90.75 |
| Feb 16 | 636.25 | 641.25 | 560.00 | 572.00 | 5,149 | 268 | 30,49,852 | 4,059 | 78.83 | 81.25 | -64.25 |
| Mar 16 | 584.00 | 661.00 | 565.25 | 597.75 | 52,540 | 540 | 3,16,23,709 | 2,755 | 5.24 | 95.75 | 13.75 |
| Apr 16 | 615.00 | 644.00 | 590.50 | 600.00 | 675 | 64 | 4,14,476 | 517 | 76.59 | 53.50 | -15.00 |
| May 16 | 601.25 | 738.00 | 595.25 | 618.00 | 2,768 | 233 | 17,66,889 | 1,614 | 58.31 | 142.75 | 16.75 |
| Jun 16 | 618.55 | 638.00 | 610.10 | 621.00 | 1,165 | 108 | 7,19,785 | 806 | 69.18 | 27.90 | 2.45 |
Source: BSE
Overview:
- The Company is engaged in the business of investment and financing activities, which include consulting revenue related to investment and finance.
- The Company is also a non-banking financial company (NBFC).
- The Company’s products are classified as investments, which include dividend and interest.
- The Company holds investments in equity shares of steel manufacturing companies of O.P. Jindal group.
- The Company conducts its operations in domestic and overseas markets.
- The Company’s subsidiaries include Jindal Steel & Alloys Ltd. (JSAL), Jindal Holdings Ltd. (JHL), Brahmputra Capital & Financial Services Ltd., Massillon Stainless Inc. U.S.A and Jindal Stainless (Mauritius) Ltd. (JSML).
Management:
- Mr Ratan Jindal is the Vice Chairman and the MD
Shareholding Pattern as on March 31, 2016
- The Equity Capital is @Rs 5.14 Crs consisting of 5136163 Equity Shares of FV Rs 10 currently held as under
- None of the promoter’s holding is pledged
| Sr No. | Major Non-Promoter | % Stake |
| 1 | Acacia Institutional Partners LP | 1.73 |
| 2 | Acacia Partners LP | 1.54 |
| 3 | IL And FS Trust Co Ltd | 3.3 |
| 4 | Vaishalli Arya | 3.76 |
| 5 | Keswani Haresh | 5.62 |
| 6 | Anil Arya | 4.85 |
| 7 | Ricky Ishwardas Kirpalani | 7.86 |
Consolidated Financial Trend ~ Amt in Rs Crs
| Particulars | FY 16 | FY 15 | FY 14 | FY 13 | FY 12 | FY 11 |
| Equity Paid Up | 5.14 | 5.14 | 5.14 | 5.14 | 5.14 | 5.14 |
| Networth | 339 | 323 | 312 | 374 | 353 | 357 |
| Long Term Debt | 33 | 31 | 30 | 27 | 25 | 22 |
| Total Sales | 29 | 31 | 37 | 31 | 33 | 31 |
| PAT | 19 | 12 | 29 | 23 | -4 | 26 |
| EPS (Rs) | 36.50 | 23.52 | 55.45 | 44.63 | -7.08 | 51.01 |
| Book Value (Rs) | 660 | 628 | 607 | 727 | 687 | 694 |
