Scrip Watch

Nalwa Sons Investments Ltd

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

Nalwa Sons Investments Ltd

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

 

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 […] [...]