XEROX INDIA LIMITED UNLISTED SHARE
ABOUT XEROX INDIA LIMITED
XEROX INDIA LIMITED is a subsidiary of Xerox Corporation. It is based in Gurgaon. Xerox India Limited is a workplace technology company, building and integrating software and hardware for enterprises, large and small. The company delivers a seamless, secure, and sustainable experience to its customers in managing their information across digital and physical platforms. Xerox has long defined the modern work experience and continues to do so with investments in artificial intelligence (AI), sensors and services for the Internet of Things (IoT), digital packaging, 3-D printing, and Clean Technologies (cleantech).
Xerox India Limited services include a basket of solutions and services that helps their customers optimize their print and communications infrastructure, apply automation and simplification to maximize productivity, and ensure the highest levels of security. The primary offerings of the company are Intelligent Workplace Services (IWS) and a range of Digital Services that leverage the software capabilities in Workflow Automation, Personalization and Communication Software, Content Management Solutions, and Digitization Services. In 2019, Xerox was the only cloud-based MPS provider with Fed RAMP authorization.
Intelligent Workplace Services (IWS) (formerly known as Global Document Outsourcing/Managed Document Services/XPPS), which transcends the traditional MPS offering, utilizes the company’s portfolio of analytics, cloud, digitization, and Connect Key® technologies to help their clients optimize their print infrastructure, secure their print environment and automate related business processes.
Workplace Solutions is made up of two strategic product groups, Entry and Mid-Range, which share common technology, manufacturing, and product platforms. The entry group comprises desktop monochrome, color printers, and multifunction printers (MFPs). Mid-Range includes larger devices that have more features and can handle higher print volumes and larger paper sizes than entry devices.
Graphic Communications and Production Solutions are designed for customers in graphic communications with high-volume printing requirements. Xerox India Limited provides full-color, on-demand printing of a wide range of applications. The company also sells a variety of Xerox Branded Copy/ Print/ Digital Paper to customers for use in their document processing requirements.
INCORPORATION DETAILS
CIN | U72200HR1995PLC049183 |
Registration Date | 29 December 1995 |
Category/Sub-category of the Company | Public Company limited by Shares |
Address of the Registered office and contact details | 5th Floor, Block One, Vatika Business Park, Sector 49, Sohna Road, Gurugram - 122018, Haryana Tel: +91 124 446 3000 | Fax: +91 124 446 3111 email: askus@xerox.com |
Name, Address and Contact Details of Registrar and Transfer Agent, if any | M/s. MCS Share Transfer Agent Limited F-65, 1st Floor, Okhla Industrial Area, Phase – I, New Delhi - 110020 Tel: +91 11 41406149 email: mcssta@rediffmail.com |
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
Name and Description of main products/services | NIC Code of the product/service |
Trading in Xerographic Equipments & its Consumables, Multi-Function Devices, Laser Printers, Paper | 9963/99631110 & 99633101 |
BOARD OF DIRECTORS
David Brian Dyas (Director)
Martin Boyle (Director)
Emma Jane Lambert (Director)
Prakash Kulathu Iyer (Independent Director)
Rishi Kant Srivastava (Independent Director)
Leo Joseph (Managing Director)
PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES
XEROX INDIA LIMITED does not have any subsidiary or associate companies.
XEROX INDIA LIMITED UNLISTED SHARE DETAILS
Total Available Shares: | 4,48,08,000 |
Face Value: | Rs. 10 Per Equity Share |
ISIN: | INE034E01013 |
PAN No. | AAACM8634R |
Lot Size: | 100 Shares |
Last Traded Price: | Rs. 200 |
Market Cap: | Rs. 896.16 Crore |
SHAREHOLDING PATTERN
(As of 31-03-2020)
S. No. | Shareholders’ Name | Number of shares | % of total Shares of the company |
1 | Xerox Limited | 2,04,23,200 | 45.58 |
2 | XC Trading Singapore Private Limited | 1,76,06,706 | 39.29 |
3 | Xerox Investments Europe B.V. | 52,81,121 | 11.79 |
4 | Public Shareholding | 14,96,973 | 3.34 |
| Total | 4,48,08,000 | 100 |
INDUSTRY OUTLOOK
Indian Paper industry has huge potential to grow and it is a very important industry of the country. As the demand for packaged products is increasing, the demand for papers is also increasing. The paper industry in India provides employment to around 4,00,000 people directly and 15 lakh people indirectly. In India, paper consumption totals approximately 15 Million Tonnes per annum and is projected to reach 23.5 Million Tonnes per annum by 2025. Most of the paper mills are existing for several decades.
Printing Industry in India is constantly evolving and generating new opportunities. It is one of the biggest and fastest-growing industries in India. The print industry in India is valued at Rs. 33,000 Crores as of FY 2019. This number is expected to go up to Rs. 41,000 Crores by FY 2024. The growth is mainly driven by factors like rising population, increase in income levels, and changing lifestyles. E-commerce and organized retail are also driving the growth of the Printing industry.
With technology penetrating the industry, the print and packaging sectors have changed the way they work. Digital printing has now gained prominence in the printing industry. The packaged printing industry is now growing at a CAGR of 17%, commercial printing at a CAGR of 10% and digital printing is growing significantly at a CAGR of around 30%.
Moreover, the industry is gradually progressing from heavy machinery to a more software-centric business. UV digital printing and Inkjet technology is on a rise in India. The digital enhancement of print like Coatings, metallics, white inks, spot colors, and gamut extenders are revolutionizing the printing industry. Another prominent change that is happening in the printing industry is the adoption of Intelligent Workplace Services (IWS). Intelligent Workplace Services uses comprehensive security, analytics, digitization, and cloud technologies and software to deliver a more seamless work experience across the paper and digital platforms.
KEY FINANCIALS OF XEROX INDIA LIMITED (In Rs. Lakhs)
Particulars | 2020 | 2019 | 2018 | 2017 |
Revenue from Operations | 47,445.27 | 59,790.32 | 54,742.38 | 52,296.85 |
EBITDA | 2,751.77 | 3,130.76 | 7,457.67 | 5,603.22 |
EBITDA margin | 5.80% | 5.24% | 13.62% | 10.71% |
Finance Cost | 57.77 | 11.75 | 35.15 | 59.2 |
Depreciation | 1,633.86 | 1,314.20 | 1,118.50 | 1,576.18 |
Other Income | 1,986.86 | 2,028.87 | 1,460.84 | 1,021.47 |
Profit Before Tax | 3,047.00 | 3,833.68 | 7,764.86 | 4,989.31 |
Exceptional Items | 0.00 | 0.00 | 0.00 | 3,437.14 |
Total Tax | 1,857.82 | 1,513.79 | 3,239.92 | 2,464.46 |
Profit After Tax (PAT) | 1,189.18 | 2,319.89 | 4,524.94 | 5,961.99 |
PAT margin | 2.41% | 3.75% | 8.05% | 11.18% |
EPS | 3.19 | 5.61 | 10.29 | 13.4 |
BALANCE SHEET OF XEROX INDIA LIMITED(In Rs. Lakhs)
Particulars | 2020 | 2019 |
ASSETS | ||
NON CURRENT ASSETS | ||
Tangible assets | 3,597.40 | 3,977.14 |
Intangible assets | 99.71 | 120.76 |
Financial assets | 928.58 | 636.5 |
Tax assets | 8,715.66 | 9,584.95 |
Other non current assets | 1,364.02 | 1,378.83 |
Assets classified as held for sale | 24.05 | 24.05 |
TOTAL NON CURRENT ASSETS | 14,729.42 | 15,722.23 |
CURRENT ASSETS | ||
Inventories | 6,677.47 | 3,446.02 |
Cash and Cash equivalents | 7,955.70 | 20,263.66 |
Trade receivables | 5,092.67 | 6,505.64 |
Other Financial assets | 2,550.72 | 2,028.33 |
Other current assets | 2,070.79 | 1,655.37 |
TOTAL CURRENT ASSETS | 24,347.35 | 33,899.02 |
TOTAL ASSETS | 39,076.77 | 49,621.25 |
EQUITY AND LIABILITIES | ||
EQUITY | ||
Equity share capital | 4,480.80 | 4,480.80 |
Other Equity | 18,159.23 | 29,495.09 |
TOTAL EQUITY | 22,640.03 | 33,975.89 |
LIABILITIES | ||
NON CURRENT LIABILITIES | ||
Financial liabilities | 345.1 | 4.16 |
Provisions | 3,809.92 | 4,324.06 |
Tax liabilities | 419.82 | 419.82 |
Liabilities directly associated with assets classified as held for sale | 2,250.00 | 2,250.00 |
TOTAL NON CURRENT LIABILITIES | 6824.84 | 6998.04 |
CURRENT LIABILITIES | ||
Trade payables | 6,983.34 | 5,547.04 |
Other financial liabilities | 1,226.46 | 1,731.11 |
Contract liabilities | 417.04 | 515.81 |
Provisions | 222.5 | 273.35 |
Contract liabilities | 762.56 | 580.01 |
TOTAL CURRENT LIABILITIES | 9,611.90 | 8,647.32 |
TOTAL LIABILITIES | 16,436.74 | 15,645.36 |
TOTAL EQUITY AND LIABILITIES | 39,076.77 | 49,621.25 |
DIVIDEND HISTORY
Particulars | 2020 | 2019 | 2018 | 2017 |
Dividend (final + interim) (In Rs.) | Nil | 23.5 | Nil | Nil |
Retained Earnings (In Rs. Lakhs) | 10,425.34 | 21,872.91 | 19,450.36 | 14,812.02 |
PERFORMANCE OF THE COMPANY
Revenue from Operations of Xerox India Limited declined by 20.6% from Rs. 59,790.32 lakhs in FY 2019 to Rs. 47,445.27 lakhs in FY 2020.
The total Income of the company in FY 2020 is Rs. 49,432.13 lakhs as compared to the total income of Rs. 61,819.19 lakhs in the FY 2019, a decline of 20%.
EBITDA of the company decreased by 12.1% in FY 2020 and touched Rs. 2,751.77 lakhs from Rs. 3,130.76 lakhs in FY 2019.
The Company has posted a profit after tax of Rs. 1,189.18 lakhs in FY 2020as against profit after tax of Rs. 2,319.89 lakhs in FY 2019, thereby recording a decline of around 49%.
The company does not have any long-term or short-term borrowings.
The Current Ratio of the company is 2.5, this clearly states that the company does not any liquidity issues and is managing its current assets efficiently.
Retained Earnings of the company have seen a sharp decline of 52.33% from Rs. 21,872.91 lakhs for FY 2019 to Rs. 10,425.34 lakhs for FY 2020. This is mainly because the company has given huge dividends for the year FY 2019.-
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