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×

amol minechem Limited

620.00
+ 1.64 %
Scrip Name
AMOL MINECHEM
ISIN No.
INE404C01012
PAN No.
AABCA2807K
Face Value
10
No. of Outstanding Shares
677,252
Market Capitalization
41.99 Crore

AMOL MINECHEM LIMITED (formerly known as Amol Dicalite Limited) UNLISTED SHARE


ABOUT AMOL MINECHEM LIMITED

 

AMOL MINECHEM LIMITED was first established as Amol Dicalite Limited in 1979. The company produces Perlite Products and Perlite Filtered under the financial and technical collaboration with Grefco, Inc. USA. Grefco Inc. is an American company and a world leader in perlite products. Amol Minechem Limited started manufacturing Perlite products in 1982.


Today, Amol Minechem Limited is the largest producer of Perlite-based products in India with the highest market share. It commands a strong leadership position in the Perlite product market. The Company supplies its products to domestic as well as international markets.


The company has a wide range of products to serve various industries as per their requirements. The company has made steady progress in developing substitution of imported Filteraids and has successfully met the requirements of the majority of users. From a small capacity of 600 M.Tons per annum, the company has now progressed to 9000 M.Tons and has developed many new applications. The company’s plant is located at Kadi, Mehsana District, Gujarat.

The company also undertakes cryogenic insulation jobs. Amol Minechem Limited has designed Portable Plants, especially to carry out ON-SITE jobs. Currently, the company owns 5 such Portable Plants.


INCORPORATION DETAILS


CIN

L14100GJ1979PLC003439

Registration Date

02 July 1979

Category/Sub-category of the Company

Public Limited Company

Address of the Registered office and contact details

401, “Akshay”, 53, Shrimali Society,

Navrangpura, Ahmedabad – 380009

Tel: +91 79 40246246

Website: www.amolminechem.com

Name, Address and Contact Details of

Registrar and Transfer Agent, if any

Link Intime India Private Limited

5th Floor, 506 – 508, Amarnath Business

Center – 1 (ABC-1), Besides Gala Business

Center, Nr. St. Xavier’s Corner, Off. C. G.

Road, Navrangpura, Ahmedabad – 380009

 

PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

Name and Description of main products/services

NIC Code of the product/service

% to total turnover of the Company

Filter aid – Perlite Products (Manufacturing)

38029019

74.49%

Filter aid – Perlite Products (Trading)

68062000

8.15%

 

BOARD OF DIRECTORS

Mr. Shreyas C. Sheht (Chairman & Managing Director)

Mrs. Priti S. Sheth (Director)

Mr. Naishadh I. Parikh (Independent Director)

Mr. Ashok C. Gandhi (Independent Director)


PARTICULARS OF SUBSIDIARY COMPANIES

Name of the Company

% of shares held

Amol CryogenicInsulation (U. S. A.)Inc.

100.00%

Amol CryogenicInsulation Limited(UAE)

100.00%





SHAREHOLDING PATTERN

(As on 31-03-2020)

S. No.

Shareholders’ Name

Number of shares

% of total Shares of the company

1

Pratik S. Sheth (Promoter)

1,47,032

21.70%

2

Shreyas C. Sheth (Promoter)

2,43,676

35.96%

3

Other Promoters

88,257

13.02%

4

Public Shareholding

1,98,287

29.32%

 

Total

6,77,252

100.00%


INDUSTRY OUTLOOK

 

Perlite is known for its qualities of being lightweight, insulating, non-organic, fireproof, and pest-proof. Perlite is used in many industries including Horticulture, construction, Cryogenic, and many more. Perlite is used as an aggregate in lightweight insulating concrete and plaster in masonry blocks as a loose-fill insulating material, as a cavity wall in residential homes, and also in specialty applications such as fireproofing sprays, chimney fills interstitial floors, and acoustical sprays. Expanded perlite aggregate (EPA) is used as a heat & sound insulator since it is a lightweight material that ensures economic benefits in building & construction.


The global market for perlite is projected to grow at a CAGR of 6.3% from 2021 to 2025. The global market size of Perlite was estimated to be around US$ 1.4 billion in 2020 and is expected to reach US$ 1.9 billion by 2025. The growing construction industry will be the major factor in the demand for Perlite.


Due to COVID 19 pandemic and subsequent lockdowns, most of the companies suspended the production of perlite products due to lower demand and supply chain disruptions. However, It is expected that the spending on infrastructure projects will rise significantly over the next 5 years. This will increase the demand for Perlite products. Moreover, Increasing new applications base of Perlite, such as eco-roofs, soil conditioning, waste-water filtration, etc. and government certification for its consumption is likely to act as an opportunity for the market in 

the future.


The threat to the industry is the growing availability of some substitutes, such as Diatomite, Pumice, and Slag, Vermiculite, Coco-coir, etc.


KEY FINANCIALS OF AMOL MINECHEM LIMITED (In Rs. Lakhs)

 

Particulars

2020

2019

2018

2017

Revenue from Operations

3,389.56

3,116.38

4,655.35

3,886.73

EBITDA

857.44

462.56

1,256.96

747.66

EBITDA margin

25.30%

14.84%

27.00%

19.24%

Finance Cost

66.00

30.75

44.85

102.95

Depreciation

136.81

218.08

301.80

312.24

Finance Income

252.91

162.13

103.41

145.62

Other Income

80.49

28.15

39.56

38.43

Profit Before Tax

988.03

404.00

1,053.27

516.52

Total Tax

296.14

156.88

247.35

188.81

Profit After Tax (PAT)

691.89

247.12

805.92

327.72

PAT margin

18.58%

7.47%

16.80%

8.05%

EPS

99.55

34.32

111.93

45.52

 

BALANCE SHEET OF AMOL MINECHEM LIMITED (In Rs. Lakhs)

Particulars

2020

2019

ASSETS



NON CURRENT ASSETS



Property, plant and equipment

314.32

588.42

Financial assets

247.40

238.28

TOTAL NON CURRENT ASSETS

561.72

826.70

CURRENT ASSETS



Inventories

438.38

332.48

Financial assets

2,838.59

1,896.42

Trade receivables

589.40

473.53

Cash and cash equivalent

74.26

103.79

Other current assets

164.78

608.65

TOTAL CURRENT ASSETS

4,105.40

3,414.86

TOTAL ASSETS

4,667.12

4,241.57

EQUITY AND LIABILITIES



EQUITY



Equity Share Capital

67.77

72.00

Other Equity

4,046.98

3,626.86

TOTAL EQUITY

4,114.74

3,698.86

LIABILITIES



NON CURRENT LIABILITIES



Financial Liabilities

0.00

40.37

Long term provisions

26.92

29.90

Deferred tax liabilities (net)

50.14

35.29

TOTAL NON CURRENT LIABILITIES

77.06

105.56

CURRENT LIABILITIES



Borrowings

65.37

137.98

Trade payables

346.62

221.16

Other current liabilities

41.20

66.34

Short term provisions

22.11

11.66

TOTAL CURRENT LIABILITIES

475.31

437.15

TOTAL LIABILITIES

552.37

542.71

TOTAL EQUITY AND LIABILITIES

4,667.12

4,241.57

 

DIVIDEND HISTORY

Particulars

2020

2019

2018

Dividend (final + interim) (In Rs.)

2.5

2.5

2.5

Retained Earnings (Consolidated) (In Rs. Lakhs)

2,625.72

1,962.44

1,741.57

 

PERFORMANCE OF THE COMPANY

Revenue from Operations of the company increased by 8.77% from Rs. 3,116.38 lakhs in FY 2019 to Rs. 3,389.56 lakhs in FY 2020.


EBITDA of the company increased by 85.37% from Rs. 462.56 lakhs in FY 2019 to Rs. 857.44 lakhs in FY 2020. EBITDA margins have grown from 14.84% in FY 2019 to 25.30% in FY 2020. The company’s operational efficiency has improved significantly.


Profit after tax of the company has increased by a whopping 179.98% from Rs. 247.12 lakhs in FY 2019 to Rs. 691.89 lakhs in FY 2020. PAT margins have increased from 7.47% in FY 2019 to 18.58% in FY 2020.


The current ratio of the company as of 31st March 2020 was 8.6. This states that the company is managing its working capital very productively and efficiently.


The company has reduced its debt by 52% from Rs. 137.98 lakhs as of 31st March 2019 to Rs. 65.37 lakhs as of 31st March 2020.


The Total book value of the company as of 31st March 2020 was Rs. 4,114.74 lakhs, which translates to a book value of Rs. 607 per equity share.





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2018-19

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2017-18

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2016-17

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2015-16

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2014-15

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2013-14

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Corporate Actions

2020-21

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