PREMIER CRYOGENICS LIMITED SHARE
ABOUT PREMIER CRYOGENICS LIMITED
PREMIER CRYOGENICS LIMITED is one of the leading manufacturer of industrial gases in India. The company’s manufacturing plant is located at Guwahati and Samaguri in the Assam state of India. The company is now the largest manufacturer of Industrial Gases in The North East part of India. It is also a leading service provider in the field of Cryogenics Engineering.
The product portfolio of the company ranges from industrial gases to speciality gases. Industrial gases range consists of Liquid Oxygen, Liquid Nitrogen, Industrial and Medical Oxygen, Dissolve Acetylene, Industrial and high purity Nitrogen gas, Dry compressed air etc. And the Speciality gases portfolio consists of Hydrogen, Helium, Calibration gases, Freon, ultra-high purity gases, Gas mixtures, etc. The company also deals in all types of components and spares used in the gas industry like valves, regulators, cylinders, liquid containers, etc.
Premier Cryogenics Limited supplies gases to various industries including Food and Beverages industry, Aerospace and Defence industry, Health Care industry, Oil and Gas industry, Research organizations, and stell and alloy industry.
Premier Cryogenics Limited is also a technical expert in repairing and maintenance of Cryogenic transport and storage tanks, hospital pipeline supply, gas distribution network, oilfield nitrogen applications, Nitrogen purging systems, maintenance and operation of air/gas compressors, etc.
The products of the company are well accepted by its discerning customers like Oil exploration companies (ONGC & OIL), Indian Air Force, Indian Army, Oil Refineries (IOCL, NRL, BRPL),Railways, leading Hospitals, Reputed cement manufacturers, Major construction giants etc.
The Equity share of Premier Cryogenics Limited are listed on Calcutta Stock Exchange.
INCORPORATION DETAILS
CIN | L24111AS1994PLC004051 |
Registration Date | 06 January 1994 |
Category/Sub-category of the Company | Public Company Limited by Shares |
Address of the Registered office and contact details | 136, Maniram Dewan Road, Chandmari, Guwahati, Assam - 781 003 Tel. : 0361 2660192 Email : info@premiercryogenics.com |
Name, Address and Contact Details of Registrar and Transfer Agent, if any | Niche Technologies (P) Limited 3A Auckland Palace, 7th Floor Room No. 7A & 7B, Kolkata – 700 017 Tel. : 033 22806616/17/18 |
PRINCIPAL BUSINESS ACTIVITES OF THE COMPANY
Name and Description of main products/services | NIC Code of the product/service | % to total turnover of the Company |
Oxygen | 20111 | 37.33% |
Nitrogen | 20111 | 25.07% |
Construction | 4220 | 16.94% |
BOARD OF DIRECTORS
Dr. Pranabananda Bharali (Chairman)
Abhijit Barooah (Managing Director)
Anamika Chowdhary (Director)
Nitin Chandra Baruah (Director)
George Chacko (Director)
Dr. Munindra Kakati (Independent Director)
Swapan KR Handique (Independent Director)
CA Rajkamal Bhuyan (Independent Director)
Dipak Kr. Deka (Nominee Director)
PARTICULARS OF SUBSIDIARY COMPANIES
Name of the Company | % of shares held |
PLC Power Private Limited | 99.00% |
PREMIER CRYOGENICS LIMITED SHARE DETAILS
Total Available Shares: | 49,23,900 |
Face Value: | Rs. 10 Per Equity Share |
ISIN: | INE101F01017 |
PAN No. | AABCP6683N |
Lot Size: | 100 Shares |
Last Traded Price: | Rs. 250 |
Market Capitalisation: | Rs. 123.10 Crore |
SHAREHOLDING PATTERN
(As on 31-03-2020)
S. No. | Shareholders’ Name | Number of shares | % of total Shares of the company |
1 | Abhijit Barooah | 15,86,600 | 32.22% |
2 | Derby Commodities Private Limited | 14,50,000 | 29.45% |
3 | Anamika Chowdhary | 2,85,700 | 5.80% |
4 | Other Promoters | 3,38,000 | 6.87% |
5 | Public Shareholding | 12,63,600 | 25.66% |
| Total | 49,23,900 | 100.00% |
INDUSTRY OUTLOOK
Premier Cryogenics Limited has been operating in the industrial gases industry for over two decades. The industrial gases industry had witnessed steady growth over the last two decades across various sectors and potential markets have emerged within the North East region of India and beyond. The company is catering to the market demand and meet the needs of a variety of industrial gas consumers mainly from the core sector oil industries, state departments, research laboratories, railways, food processing, infrastructure, and Health care sectors. Besides its primary business of manufacturing and trading of industrial, medical, and other gases, the company also carries out projects relating to construction facilities in the gas sector and could successfully execute several pipeline and infrastructure projects in the oil and gas industries. With improvement in the general economic conditions post-COVID 19 pandemics, increase in industrial activities, and resumption of projects in the infrastructure, power, and other core sectors, the company expects a surge in demand in the industrial gas market in the coming years.
The company has a variety of opportunities in this specialized industry. The company’s main products are Nitrogen and Oxygen, both are produced by air separation having no raw material cost. The sale of Dissolved Acetylene has the potential of increasing oxygen sales due to the joint applications. The gas products are critical inputs for oil and other industrial sectors and also to the health care sector. Thus the gas products have a good growing demand.
Due to the second wave of the COVID 19 pandemic, the country had faced a huge oxygen crisis. At that time, the oxygen-producing companies have played a vital role in fulfilling the need for Oxygen as a medical gas in India.
The industrial gases market is projected to grow at a CAGR of over 11% in 2023 on account of growing demand from the metal industry, particularly steel. Moreover, regular capacity expansions by automobile, refinery, and chemical companies coupled with an increasing number of new applications of industrial gases is further augmenting demand for industrial gases in the country. Additionally, continuing growth in the country’s healthcare sector and booming food & beverages sector is anticipated to augur well for the industrial gases market in India through 2023.
PROFIT & LOSS STATEMENT OF PREMIER CRYOGENICS LIMITED (In Rs. Lakhs)
PARTICULARS | 2021 | 2020 | 2019 | 2018 |
Revenue from Operations | 5,681 | 4,547 | 4,101 | 3,578 |
EBITDA | 1,539 | 1,165 | 1,225 | 829 |
EBITDA margins | 27.09% | 25.63% | 29.86% | 23.16% |
Finance Cost | 238 | 318 | 328 | 74 |
Depreciation | 533 | 545 | 544 | 197 |
Other Income | 213 | 114 | 258 | 168 |
Profit/Loss before Tax | 981 | 416 | 611 | 726 |
Exceptional items | -18 | 0 | 0 | 0 |
Total Tax | 246 | 131 | 150 | 179 |
Profit After Tax (PAT) | 717 | 285 | 461 | 547 |
PAT margins | 12.16% | 6.10% | 10.56% | 14.61% |
EPS | 14.56 | 5.78 | 9.35 | 11.11 |
BALANCE SHEET OF PREMIER CRYOGENICS LIMITED (In Rs. Lakhs)
PARTICULARS | 31st March 2021 | 31st March 2020 | 31st March 2019 |
ASSETS | |||
NON CURRENT ASSETS | |||
Tangible assets | 3,750 | 4,211 | 4,563 |
Financial assets | 1,491 | 1,650 | 1,515 |
Other non-current assets | 0 | 16 | 32 |
TOTAL NON CURRENT ASSETS | 5,241 | 5,877 | 6,110 |
CURRENT ASSETS | |||
Inventories | 583 | 303 | 559 |
Financial assets | 917 | 960 | 426 |
Trade receivables | 2,346 | 1,025 | 945 |
Cash and cash equivalent | 71 | 509 | 597 |
Other current assets | 485 | 149 | 404 |
TOTAL CURRENT ASSETS | 4,402 | 2,947 | 2,930 |
TOTAL ASSETS | 9,643 | 8,823 | 9,040 |
EQUITY AND LIABILITIES | |||
EQUITY | |||
Equity Share Capital | 501 | 501 | 501 |
Other Equity | 5,481 | 4,826 | 4,627 |
TOTAL EQUITY | 5,982 | 5,327 | 5,127 |
LIABILITIES | |||
NON CURRENT LIABILITIES | |||
Borrowings | 1,408 | 1,877 | 2,304 |
Deferred Tax liabilities | 189 | 199 | 187 |
Provisions | 44 | 28 | 34 |
Other non-current liabilities | 201 | 94 | 83 |
TOTAL NON CURRENT LIABILITIES | 1,842 | 2,198 | 2,608 |
CURRENT LIABILITIES | |||
Borrowings | 314 | 534 | 494 |
Trade payables | 591 | 51 | 184 |
Other financial liabilities | 581 | 458 | 412 |
Tax liabilities | 49 | 26 | 0 |
Other current liabilities | 240 | 191 | 175 |
Provisions | 44 | 39 | 39 |
TOTAL CURRENT LIABILITIES | 1,819 | 1,298 | 1,305 |
TOTAL LIABILITIES | 3,661 | 3,496 | 3,913 |
TOTAL EQUITY AND LIABILITIES | 9,643 | 8,823 | 9,040 |
DIVIDEND HISTORY
Particulars | 2020 | 2019 | 2018 |
Dividend (final + interim) (In Rs.) | 1.20 | 1.20 | 1.20 |
Retained Earnings (Consolidated) (In Rs. Lakhs) | 2,724 | 2,625 | 2,371 |
PERFORMANCE OF THE COMPANY
Revenue from Operations of the company increased by 24.94% from Rs. 4,547 lakhs in FY 2020 to Rs. 5,681 lakhs in FY 2021.
EBITDA of the company decreased by 32.10% from Rs. 1,165 lakhs in FY 2020 to Rs. 1,539 lakhs in FY 2021.
Profit After Tax of the company increased by 151.58% from Rs. 285 lakhs in FY 2020 to Rs. 717 lakhs in FY 2021.
Current Ratio of the company as of 31st March 2021 was 2.42. The company is managing its working capital efficiently.
Total debt on the company as of 31st March 2020 amounts to Rs. 1,722 lakhs. Debt to Equity ratio of the company as of 31st March 2020 was 0.28.
The book value of the company as of 31st March 2021 was Rs. 121.48.
The company has consistently given dividends to its shareholders. For FY 2020, the company gave a dividend of Rs. 1.20.
Powered by Froala Editor
