DEEPAK INDUSTRIES LIMITED SHARE
ABOUT DEEPAK INDUSTRIES LIMITED
DEEPAK INDUSTRIES LIMITED is a reputed and established manufacturer of gears and gearboxes for automotive and industrial applications. The company’s manufacturing units are located in Kolkata, Faridabad, and Rudrapur.
The products of the company include worm and helical gearboxes, geared motors, coupling & clutches, spur & helical gears, rear axle & shafts, transmission gears & shafts, bevel gears & pinions, and timing gears.
The company is focusing heavily on improving the company’s performance in exports of its products. One good thing about the company is that they are a long-term player in the market. The company is successfully carrying its business since 1954. The company has not taken heavy loans at once to expand its business, instead, they have steadily collected the retained earnings and used that money to improve the company’s efficiency and productivity and expand its reach.
The Equity Shares of the company are listed on Calcutta Stock Exchange Limited.
INCORPORATION DETAILS
CIN | L63022WB1954PLC021638 |
Registration Date | 08TH May 1954 |
Category/Sub-category of the Company | Company Limited by Shares |
Address of the Registered office and contact details | 16, Hare Street, Kolkata-700001 Contact: Vithal Das Mall Phone: 9831065437 Mail: vdm55@rediffmail.com |
Name, Address and Contact Details of Registrar and Transfer Agent, if any | Maheshwari Datamatics Private Limited 23, R.N. Mukherjee Road, 5th FLOOR, Kolkata-700001 Phone: 033-2248-2248, 2231-6389, Email: info@mdpl.in; mdpldc@yahoo.com |
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 |
Industrial Gears | 3563 | 17.05% |
Automobile Gears | 3563 | 82.07% |
BOARD OF DIRECTORS
Shri Pradip Kumar Daga
Chairman-Cum-Managing Director
Shri Yashwant Kumar Daga
Vice-Chairman-Cum-Joint Managing Director
Shri Sujit Chakravorti
Shri Anand Prasad Agarwalla
Smt Meera Dokania
PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES
DEEPAK INDUSTRIES LIMITED does not have any subsidiary or associate company.
DEEPAK INDUSTRIES LIMITED SHARES DETAILS
Total Available Shares: | 39,56,433 |
Face Value: | Rs. 10 Per Equity Share |
ISIN: | INE485J01016 |
PAN No. | AAACD8676J |
Lot Size: | 100 Shares |
Last Traded Price | Rs. 1400 |
Market Cap: | Rs. 553.90 Crore |
SHAREHOLDING PATTERN
(As of 31-03-2021)
S. No. | Shareholders’ Name | Number of shares | % of total Shares of the company |
1 | Nandini Daga | 8,70,625 | 22.01% |
2 | Asha Devi Daga | 6,04,806 | 15.29% |
3 | Yashwant Kumar Daga | 5,24,313 | 13.25% |
4 | Pradip Kumar Daga | 2,07,700 | 5.25% |
5 | Coplama Products Private Limited | 5,24,600 | 13.26% |
6 | Public Shareholding | 12,24,389 | 30.95% |
| Total | 39,56,433 | 100.00% |
INDUSTRY OUTLOOK
The global automotive gear market is expected to grow at a considerable rate for the next few years, primarily on the account of the growing automotive industry. The growth in the automotive industry is an outcome of the increased production of passenger vehicles in recent years. Moreover, increasing installation of automated and mechanized parts in automobiles, advancements in technology, demand for smooth gear shifts, and enhanced acceleration are driving the growth of the automotive gear industry. The Asia Pacific is projected to have the largest market for automotive gears, with India and China being the leader in the industry.
The automotive gears industry in FY 2020 has been largely static. The market for Gear is trending towards higher sizes due to larger capacities being planned by the various users. Accompanying these trends is the scale-up in capital equipment sizes, newer technologies, energy efficiency, and space reduction are emerging as key drivers in the Gear industry. India, in recent years, has witnessed considerable growth in the planetary Gear segment signaling a maturing of the market. Recently, the outlook for the auto component industry has changed from Negative to Stable backed by an increase in demand across Original Equipment manufacturers, replacements, and exports.
Due to COVID 19 pandemic and nationwide lockdown, the industry faced hard times because of initial disturbances in supply chain management, and aggregate demand reaching normal levels. There was downward sentiment overall.
The Indian automotive industry is expected to book growth in FY 2022. However, it is projected that the passenger vehicle segment will reach the levels of FY 2019 only in FY 2023-24. ICRA, a rating agency, expects domestic auto component industry revenue to grow by 16-18% in FY 2020. The outlook for the auto component industry has changed from Negative to Stable backed by an increase in demand across Original Equipment manufacturers, replacements, and exports.
PROFIT & LOSS STATEMENT OF DEEPAK INDUSTRIES LIMITED (In Rs. Lakhs)
PARTICULARS | 3 Quarters of FY 2021 | 2020 | 2019 | 2018 |
Revenue from Operations | 27,716.40 | 41,082.53 | 51,994.35 | 41,232.78 |
EBITDA | 6,210.75 | 7,936.93 | 9,147.78 | 6,773.78 |
EBITDA margins | 22.41% | 19.32% | 17.59% | 16.43% |
Finance Cost | 569.29 | 842.19 | 1,020.27 | 1,118.45 |
Depreciation | 1,530.98 | 2,234.27 | 2,179.45 | 2,235.63 |
Other Income | 893.13 | 991.46 | 1,170.57 | 1,635.07 |
Profit before Exceptional Items and Tax | 5,003.61 | 5,851.93 | 7,118.63 | 5,054.77 |
Total Tax | 1,275.83 | 1,266.32 | 2,448.91 | 1,789.47 |
Profit After Tax (PAT) | 3,727.78 | 4,585.61 | 4,669.72 | 3,265.30 |
EPS | 94.22 | 115.9 | 118.03 | 82.53 |
BALANCE SHEET OF DEEPAK INDUSTRIES LIMITED (In Rs. Lakhs)
PARTICULARS | 31st March 2020 | 31st March 2019 |
ASSETS | ||
NON CURRENT ASSETS | ||
Tangible assets | 16,650.61 | 16,164.43 |
Intangible assets | 29.46 | 56.50 |
Non-current investments | 111.72 | 100.85 |
Other Financial assets | 251.68 | 186.62 |
Other non-current assets | 944.26 | 1,392.94 |
TOTAL NON CURRENT ASSETS | 17,987.73 | 17,901.34 |
CURRENT ASSETS | ||
Inventories | 4,710.50 | 8,304.25 |
Trade Receivables | 8,518.42 | 10,609.23 |
Cash and cash equivalents | 15,589.31 | 8,759.26 |
Other Financial assets | 506.52 | 344.42 |
Other current assets | 426.17 | 731.31 |
TOTAL CURRENT ASSETS | 29,750.92 | 28,748.47 |
TOTAL ASSETS | 47,738.65 | 46,649.81 |
EQUITY | ||
Share capital | 395.64 | 395.64 |
Reserves and surplus | 30,409.84 | 26,543.00 |
TOTAL EQUITY | 30,805.48 | 26,938.64 |
NON CURRENT LIABILITIES | ||
Long Term Borrowings | 1,752.33 | 2,249.90 |
Long Term Provision | 203.03 | 179.19 |
Tax liabilities | 818.14 | 1,104.69 |
Other noncurrent liabilities | 432.92 | 439.39 |
TOTAL NON CURRENT LIABILITIES | 3,206.42 | 3,973.17 |
CURRENT LIABILITIES | ||
Short-term borrowings | 5,877.65 | 7,555.84 |
Trade payables | 3,893.54 | 4,626.68 |
Other Current Liabilities | 1,541.28 | 1,407.30 |
Short Term Provision | 276.32 | 221.67 |
Other Financial liabilities | 2,137.96 | 1,901.53 |
Tax liabilities | 0.00 | 24.98 |
TOTAL CURRENT LIABILITIES | 13,726.75 | 15,738.00 |
TOTAL LIABILITIES | 16,933.17 | 19,711.17 |
TOTAL EQUITY AND LIABILITIES | 47,738.65 | 46,649.81 |
DIVIDEND HISTORY
Particulars | 2020 | 2019 | 2018 |
Dividend (final + interim) (In Rs.) | 5 | 10 | - |
Retained Earnings (Consolidated) (In Rs. Lakhs) | 30,240.31 | 26,373.47 | 21,698.16 |
PERFORMANCE OF THE COMPANY
Revenue from Operations of the company decreased by 20.99% from Rs. 51,994.35 lakhs in FY 2019 to Rs. 41,082.53 lakhs in FY 2020. In the first three quarters of FY 2021, the revenue from operations of the company was Rs. 27,716.40.
EBITDA of the company decreased by 13.24% from Rs. 9,147.78 lakhs in FY 2019 to Rs. 7,393.93 lakhs in FY 2020. In the first three quarters of FY 2021, the company earned an EBITDA of Rs. 6,210.75 lakhs. EBITDA margins of the company increased to 22.41% in the first three quarters of FY 2021.
Net Profit of the company decreased by 1.80% from Rs. 4,669.72 lakhs in FY 2019 to Rs. 4,585.61 lakhs in FY 2020. In the first three quarters of FY 2021, the company earned a net profit of Rs. 3,727.78 lakhs.
The current Ratio of the company as of 31st March 2020 was 2.17.
The debt to Equity ratio of the company as of 31st March 2020 was 0.24.
The company has given a dividend of Rs. 5 per equity share for FY 2020.
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