Riddhi Siddhi Gluco Biols Ltd Sector Industry

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Shauna Wiggins
5 years ago
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1 Page 1 of 5 Company Profile Riddhi Siddhi Gluco Biols Ltd is a small cap company which was incorporated on July 2, The company is promoted by Chowdhary family. Mr. Sampatraj L. Chowdhary is the Chairman of the company. He is also on the Board of Directors at Vascroft Design Pvt Ltd, Indigro Exports Pvt Ltd, Grainspan Nutrients Pvt Ltd and Imperio Realties Pvt Ltd. The promoter group holds 71.32% of the total shareholding, while the rest of the shareholding lies with the institutional and non-institutional shareholders. Stock Price Last Close Price (03/02/2016) Market Cap (Cr.) (29/01/2016) Price in Rs. 52 Wk High/Low / vg. Volume (1 Mo) (Rescaled to 100 for ease of comparison) Riddhi Siddhi is a starch manufacturing company. Its registered office is located in hmedabad, Gujarat and manufacturing facilities are located in Viramgam (Gujarat), Gokak (Karnataka) and Pantnagar (Uttarakhand). Business Overview Riddhi Siddhi is a manufacturer of starch and starch derivatives. Its products include maize starch, liquid glucose, high maltose corn syrup, maltodextrin and dextrose monohydrate, among others. The company s operating segments include wind energy generation and trading of agriculture and metal commodities. Trading of agricultural commodities constitutes 72% of total sales. Financials Revenue Gross Margin % Operating Income Operating Margin % Diluted EPS Book Value Per Share Operating Cash Flow Capital Expenditure Free Cash Flow Profitability verage Values unless stated 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 03-Feb 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 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 03-Feb Initiative of the BSE Investors Protection Fund Morningstar. ll Rights Reserved. Please refer to the disclaimers on the last page of this report.

Page 3 of 5 Financial Performance In FY 2015, the total revenue of the company decreased by 90.6% to INR 45.58 crores versus a year ago. The operating margin stood at 65.5% in 2015.

3 Page 3 of 5 Financial Performance In FY 2015, the total revenue of the company decreased by 90.6% to INR crores versus a year ago. The operating margin stood at 65.5% in The company registered an operating income of INR crores, up from INR 5.54 crores in the previous year. The net profit of the company stood at INR 2.56 crores, registering a decrease of 45.3%. 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 Riddhi 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 03-Feb Initiative of the BSE Investors Protection Fund Morningstar. ll Rights Reserved. Please refer to the disclaimers on the last page of this report.

Page 4 of 5 Industry Overview The global modified starch market is driven by an increasing demand for healthy, nutritious, and convenience food products.

4 Page 4 of 5 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.) Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Revenue Expenditure Interest PBDT Depreciation PBT Tax Net Profit Equity EPS Return on Invested Capital (ROIC) *Standalone figures Report as of 03-Feb Initiative of the BSE Investors Protection Fund Morningstar. ll Rights Reserved. Please refer to the disclaimers on the last page of this report.

5 Page 5 of 5 Important Disclaimers This Research Report is current as of the date on the report until it is replaced, updated or withdrawn. This report may be withdrawn or changed at any time as other information becomes available to us. This report will be updated if events affecting the report materially change. This research on securities [as defined in clause (h) of Section 2 of the Securities Contracts (Regulation) ct, 1956], such research being referred to for the purpose of this document as Investment Research, is issued by Morningstar Investment dviser India Private Limited ( MI ). Please note that this Investment Research is intended for educational purposes only; it is not intended to be a legal, tax, securities or investment advice or offer or solicitation or call-to-action for the purchase or sale of or otherwise any dealing in a security. You should seek the advice of a financial professional and your legal, tax, business or other consultant, and read all relevant issue documents pertaining to the security concerned, including without limitation, the detailed risk factors involved in the investment, before making an investment decision, so as to ensure, among other things, that the security is suitable based on your particular needs and circumstances. Please note further that this Investment Research may not be construed as a representation with respect to a security, regarding the legality of investing in the said security, under the applicable investment or similar laws or regulations of any person or entity accessing this Investment Research. Please note that investments in securities are subject to market and other risks and there is no assurance or guarantee that your intended investment objectives will be achieved. Past performance of a security may or may not be sustained in future and is no indication of future performance. s the price / value / interest rate of a security fluctuates, the value of your investments in the said security and in the income, if any, derived therefrom may go up or down. It is to be distinctly understood that MI, its affiliates, and its officers, directors and employees (i) are not responsible for any trading decisions, damages or other losses related to the Investment Research or its use and also that (ii) they do not take any responsibility for the accuracy, timeliness and/or completeness of the Investment Research, or for the financial soundness of any security. MI is registered with the Securities and Exchange Board of India under the SEBI (Investment dvisers) Regulations, 2013, vide Registration number IN , dated March 27, 2014, and in compliance of the aforesaid regulations and the SEBI (Research nalysts) Regulations, 2014, it carries on the business activities of investment advice and research. MI has not been the subject of any disciplinary action by SEBI or any other legal/regulatory body. MI is a wholly owned subsidiary of Morningstar ssociates LLC, which is a part of the Morningstar Investment Management group of Morningstar, Inc., and Morningstar, Inc. is a leading provider of independent investment research that offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. In India, MI has only one associate, viz., Morningstar India Private Limited, and this company predominantly carries on the business activities of providing data input, data transmission and other data related services, financial data analysis, software development etc. The author/creator of this Investment Research ( Research nalyst ) or his associates or his relatives does/do not have (i) any financial interest in the subject company; (ii) any actual/beneficial ownership of one per cent or more securities of the subject company, at the end of the month immediately preceding the date of publication of this Investment Research; and (iii) any other material conflict of interest at the time of publication of this Investment Research. The Research nalyst or his associates or his relatives has/have not received any (i) compensation from the subject company in the past twelve months; (ii) compensation for products or services from the subject company in the past twelve months; and (iii) compensation or other benefits from the subject company or third party in connection with this Investment Research. The terms and conditions on which MI offers Investment Research to clients, varies from client to client, and are spelt out in detail in the client agreement.

Anil Ltd Sector Industry

Anil Ltd Sector Industry Page 1 of 5 nil Ltd Sector Industry Company Profile nil Ltd was incorporated on July 23, 1993. It is a small-cap company, which was founded in 1939 under the pioneering vision of Shri Chinubhai Manibhai