Anil Ltd Sector Industry

Transcription

1 Page 1 of 5 nil Ltd Sector Industry Company Profile nil Ltd was incorporated on July 23, It is a small-cap company, which was founded in 1939 under the pioneering vision of Shri Chinubhai Manibhai Sheth. Shri mol Sheth is the Chairman and Managing Director of the company. The promoter group holds 68.85% of the total shareholding, while the rest of the shareholding lies with institutional (0.06%) and non-institutional (31.09%) shareholders. Stock Price Last Close Price (28/01/2016) Market Cap (Cr.) (31/12/2015) Price in Rs. 52 Wk High/Low / vg. Volume (1 Mo) (Rescaled to 100 for ease of comparison) nil is a manufacturer of starch and its derivatives. Operating in India and has an international network in more than 30 countries. Its registered office and plant is located in hmedabad, Gujarat. Business Overview nil is engaged in manufacturing and marketing of starches, starch derivatives, and specialty starch products to industries, including textile, paper, adhesive, pharmaceuticals, food and beverages, chemicals and animal feed industry. It exports its products to Middle East, Far East countries, Japan, Sri Lanka, Bangladesh, South frica and many other frican countries. Starch products contribute to 19.61% of the total turnover of the company, whereas Sweeteners and Feed products contribute 10.51% and 15.21%, respectively. Majority of the revenue earned was within India. The company is a major player in the business of manufacturing starch and specialty starch products, where it enjoys strong brand equity in market. Financials Revenue Gross Margin % Operating Income Operating Margin % Diluted EPS Book Value Per Share Operating Cash Flow Capital Expenditure Free Cash Flow Profitability Return on ssets % Return on Equity % sset Turnover Net Margin % Financial Leverage Financial Health except Debt/Equity (Ratio) Long Term Debt Total Equity Debt/Equity Working Capital Report as of 29-Jan Initiative of the BSE Investors Protection Fund Morningstar. ll Rights Reserved. Please refer to the disclaimers on the last page of this report.

2 Page 2 of 5 nil Ltd Sector Industry Income Statement Total Revenue Cost of Revenue Gross Profit Operating Expense Operating Income Pre-tax Income Tax Provision Minority Interests Balance Sheet Stock Holders Equity Long Term Debt Total Non-Current Liabilities Payables Total Liabilities Net PPE Goodwill and other Intangible ssets Total Investments Total Non-current ssets Trading and Other Receivables Inventory Cash and Cash Equivalents Total ssets Cash Flows Depreciation and mortization Change in Working Capital Operating Cash Flow Capital Expenditure Investing Cash Flow Net Common Stock Issuance Net Issuance Payments of Debt Cash Dividends Paid Financing Cash Flow Changes in Cash Report as of 29-Jan Initiative of the BSE Investors Protection Fund Morningstar. ll Rights Reserved. Please refer to the disclaimers on the last page of this report.

3 Page 3 of 5 nil Ltd Sector Industry Financial Performance In FY 2015, the total revenue of the company grew by 17.5% to INR crores compared to previous year. There was a decrease in operating margin by 15 basis points to 8.4%. The company registered an operating income of INR crores, an increase of 15.4%. The net profit of the company stood at INR crores, registering an increase of 14.6%. Revenue Growth Key Risks Factors such as increasing cost pressure, appreciating currency, increasing cost of labour, and stringent pollution control norms diluted the cost advantage, which was previously exploited by the Chinese manufacturers. The major threats faced by the company are escalating raw material prices, crude oil prices, increasing interest rate, and volatile foreign exchange market. Macroeconomic factors such as sluggish demand conditions, monetary policy and fiscal policy, unforeseen political and social upheavals, natural calamities may affect the business of the company. Gross Margin Competitors nil's key competitors include Gayatri BioOrganics and Sukhjit Starch and Chemicals Ltd. Gayatri BioOrganics is into the manufacturing of starch, modified starches, liquid glucose, sorbitol, and its allied products, and trading in maize in South India. Its registered office is located at Hyderabad, Telangana and the production units are located in the District of Medak and East Godavari in ndhra Pradesh. In FY 2015, Gayatri BioOrganics' revenues grew by 19.5% to INR crores versus the last year. The operating incomes for the company rose by 257% to INR 4.82 crores versus last year. SSCL is a starch manufacturing company. The company is engaged in developing, manufacturing and distribution of maize starch, dextrines, liquid glucose, malto dextrine, dextrose monohydrate, dextrose anhydrous, sorbitol and related bye-products. Its head office and registered office is located in Punjab. The company has three plants located in Nizamabad (Telangana), Malda (West Bengal) and Himachal Pradesh. In FY 2015, SSCL s total revenue grew by 4.9% to INR crores versus a year ago. The company registered an operating income of INR crores, an increase of 47.1%. Operating Margin Report as of 29-Jan Initiative of the BSE Investors Protection Fund Morningstar. ll Rights Reserved. Please refer to the disclaimers on the last page of this report.

4 Page 4 of 5 nil Ltd Sector Industry Industry Overview The global modified starch market is driven by an increasing demand for healthy, nutritious, and convenience food products. Modified starch allows modifying of basic properties of native starch and obtaining certain functional properties to fit a wider range of industrial applications in food and beverages, paper, textile, pharmaceuticals, pet food, soap, laundry, and cosmetics industries. vital part of any product designer s toolkit, modified starch provides a variety of functionalities as thickeners, texture agents, fat replacers and emulsifiers. Due to the sophisticated technology available, the ingredients can be fine-tuned to meet most formulating trials. The industry needs to produce 15-20% p.a. for next ten years to reach a reasonable level of consumption. Maize starch is also going to be an important ingredient in biodegradable plastic packaging. In India, the Starch industry consumes, close to 12% of the total maize production which is not very high. The total maize production in India is around 25 Million Tonnes against global production of 960+ Million Tonnes. U.S.., rgentina, Brazil and Ukraine produce about 80% of the total maize production and appear to be the major consuming and exporting countries. Price/Earnings Trailing Returns Quarterly Results except EPS (Rs.) Revenue Other Income Total Income Expenditure Interest PBDT Depreciation PBT Tax Net Profit Equity EPS CEPS OPM (%) NPM (%) *Standalone figures Return on Invested Capital (ROIC) Report as of 29-Jan Initiative of the BSE Investors Protection Fund Morningstar. ll Rights Reserved. Please refer to the disclaimers on the last page of this report.

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