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×

premier cryogenics Limited

190.00
-0.52 %
Scrip Name
PREMIER CRYOGENICS
ISIN No.
INE101F01017
PAN No.
AABCP6683N
Face Value
10
No. of Outstanding Shares
4,923,900
Market Capitalization
93.55 Crore

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.


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2017-18

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2016-17

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2020-21

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