APL METALS LIMITED SHARE
APL METALS LIMITED was first established as Associated Pigments Limited in 1948. The company is engaged in the production of lead and lead products. APL Metals Limited has 3 manufacturing facilities located at Medinipur (West Bengal), Kolkata (West Bengal), and Fatehpur (Uttar Pradesh). The products dealt by the company are base metals and inorganic chemicals used in the manufacturing of Lead Acid Storage Batteries and other industrial products.
APL Metals Limited is specialized in the production and supply of Lead alloys, Refined Lead, and Lead Oxides such as Litharge, Red Lead, and Lead Sub Oxide. The company also offers its customers the option for customization.
Apart from manufacturing the Lead related products, the company also specializes in providing technical knowledge for the making of Lead and Lead oxides.
APL Metals Limited serves the big names of India including Exide Industries Limited, Luminous Power Technologies, Okaya Batteries, HBL Power Systems Limited, and Ned Energy Limited.
The Equity shares of APL Metals Limited are listed on Calcutta Stock Exchange.
INCORPORATION DETAILS
CIN | L24224WB1948PLC017455 |
Registration Date | 22 December 1948 |
Category/Sub-category of the Company | Limited by Shares |
Address of the Registered office and contact details | 18/1A, Hindustan Road, Kolkata -700029, E-mail: aplcalcutta@rediffmail.com; Website: www.aplmetalsltd.com Telephone: 033 2465 2433/34 |
Name, Address and Contact Details of Registrar and Transfer Agent, if any | M/S Niche Technologies Private Limited 3A, Auckland Place, 7th Floor, Room No. 7A & 7B, Kolkata – 700017 Phones: (033) 2280 6616/6617/6618(3 Lines) Email-Id : nichetechpl@nichetechpl.com |
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 |
Lead and Lead Alloys | 2420 | 90.68% |
BOARD OF DIRECTORS
Mr. Ravi Nandan Sahaya (Chairman, Non-Executive Director)
Mr. Sanjiv Nandan Sahaya (Managing Director and Chief Executive Officer)
Mr.Om Prakash Saxena (Independent Director)
Mr. Rajendra Sahay (Independent Director)
Mrs. Roli Verma (Independent Woman Director)
Mr. Prakash Kumar Damani (Non-Executive Director)
Mr. Rahul Damani (Non-Executive Director)
Mr. Bijan Roy (Independent Director)
Mr. Kumud Kumar Dubey (Independent Director)
Mr. Sanjay Sarda (Non-Executive Director)
PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES
APL METALS LIMITED does not have any subsidiary and associate company.
SHAREHOLDING PATTERN
(As of 31-03-2020)
S. No. | Shareholders’ Name | Number of shares | % of total Shares of the company |
1 | Promoter and Promoter Group | 77,81,679 | 72.547% |
2 | Public | 29,44,708 | 27.453% |
| Total | 1,07,26,387 | 100.00% |
INDUSTRY OUTLOOK
Lead prices saw huge volatility in the Year 2019, but the year ended almost neutral. This volatility continued in the Year 2020. The industry was hit hard during the first few months of the COVID 19 pandemic and subsequent lockdowns, but the prices of lead rebounded in the second half of FY 2021.
Battery demand rebounded quite rapidly as most cars were not used but the trucks were still needed for the transportation of supplies to the hospitals and supermarkets. Moreover, as online shopping increased, delivery vans were very busy. This means that after the lockdown in the first three months on FY 2021, lead battery production restarted rapidly, which is why it was important for the lead producers to ensure that the battery manufacturers were being supplied with raw materials as per their requirements.
The market for lead-acid batteries in India is projected to grow at a CAGR of 8.31% from 2019 to 2024. India is planning to diversify its energy production sources, in addition to its target of providing 24x7 electricity supply to every citizen, by making large increments in renewable energy generation capacities. This is estimated to be a significant driver for the lead-acid battery market.
Business risks associated with this industry are towards supply chain management, stringent environmental and pollution control norms for manufacturing and hazardous materials, fluctuating raw material prices, processing costs, Foreign Exchange Fluctuations, Changes in Government policies, and financial risks involved in servicing capital intensive liabilities.
The domestic lead industry is largely confronted with problems of rationalization of import duty, simplification of regulatory environment and compliances, the threat caused by the devaluation of rupee fluctuation in demand and supply of inputs.
PROFIT AND LOSS STATEMENT OF APL METALS LIMITED (In Rs. Lakhs)
Particulars | 2021 | 2020 | 2019 | 2018 |
Revenue from Operations | 63,334.47 | 51,797.41 | 55,585.32 | 55,513.67 |
EBITDA | 2,542.03 | 2,042.55 | 1,824.76 | 1,882.03 |
EBITDA margins | 4.01% | 3.94% | 3.28% | 3.39% |
Finance Cost | 1,508.73 | 1,577.28 | 1,609.60 | 996.54 |
Depreciation | 143.82 | 135.84 | 131.02 | 107.99 |
Other Income | 27.71 | 477.58 | 6.87 | 15.32 |
Profit Before Tax | 917.19 | 807.01 | 91.01 | 792.82 |
Total Tax | 245.3 | 438.16 | 32.85 | 262.13 |
Profit After Tax (PAT) | 671.89 | 368.86 | 58.16 | 530.69 |
PAT margin | 1.06% | 0.71% | 0.10% | 0.96% |
EPS (Rs.) | 6.27 | 3.44 | 0.54 | 4.95 |
BALANCE SHEET OF APL METALS LIMITED (In Rs. Lakhs)
Particulars | 2021 | 2020 | 2019 |
ASSETS | |||
NON CURRENT ASSETS | |||
Property, Plant & Equipment | 2,051.89 | 2,098.23 | 1,876.82 |
Intangible assets | 9.96 | 17.21 | 37.80 |
Financial assets | 62.28 | 55.66 | 48.77 |
Tax assets | 136.21 | 380.89 | 1,001.22 |
Other non-current assets | 41.85 | 61.85 | 61.85 |
TOTAL NON CURRENT ASSETS | 2,302.19 | 2,613.84 | 3,026.46 |
CURRENT ASSETS | |||
Inventories | 13,735.09 | 11,022.75 | 10,565.93 |
Financial assets | 0.49 | 0.69 | 1.17 |
Trade receivables | 128.20 | 870.65 | 589.86 |
Cash and cash equivalent | 736.96 | 199.15 | 138.70 |
Other current assets | 777.05 | 1,204.47 | 884.71 |
TOTAL CURRENT ASSETS | 15,377.79 | 13,297.72 | 12,180.37 |
TOTAL ASSETS | 17,679.98 | 15,911.55 | 15,206.83 |
EQUITY AND LIABILITIES | |||
EQUITY | |||
Equity Share Capital | 1,072.09 | 1,072.09 | 1,072.09 |
Other Equity | 943.85 | 323.13 | (37.32) |
TOTAL EQUITY | 2,015.94 | 1,395.22 | 1,034.77 |
LIABILITIES | |||
NON CURRENT LIABILITIES | |||
Long term borrowings | 4,202.09 | 2,949.84 | 4,203.36 |
Long term provisions | 90.81 | 82.88 | 121.07 |
Other non-current liabilities | 250.00 | 250.00 | 250.00 |
TOTAL NON CURRENT LIABILITIES | 4,542.90 | 3,282.72 | 4,574.43 |
CURRENT LIABILITIES | |||
Borrowings | 5,579.30 | 5,700.00 | 5,755.37 |
Trade payables | 5,108.27 | 5,216.90 | 3,186.80 |
Other financial liabilities | 391.02 | 276.28 | 336.65 |
Other current liabilities | 42.55 | 40.44 | 318.81 |
TOTAL CURRENT LIABILITIES | 11,121.14 | 11,233.62 | 9,597.64 |
TOTAL LIABILITIES | 15,664.04 | 14,516.33 | 14,172.07 |
TOTAL EQUITY AND LIABILITIES | 17,679.98 | 15,911.55 | 15,206.83 |
DIVIDEND HISTORY
Particulars | 2020 | 2019 | 2018 |
Dividend (final + interim) (In Rs.) | Nil | Nil | Nil |
Retained Earnings (Consolidated) (In Rs. Lakhs) | -2,062.70 | -2,431.55 | -2,489.71 |
PERFORMANCE OF THE COMPANY
Total Revenue from Operations of the company increased by 22% from Rs. 51,797.41 lakhs in FY 2020 to Rs. 63,334.47 lakhs in FY 2021.
EBITDA of the company increased by 24.45% from Rs.2,042.55 lakhs in FY 2020 to Rs. 2,542.03 lakhs in FY 2021. The EBITDA margin of the company for FY 2021 was 4.01%.
Net Profit of the company increased significantly by 82.15% from Rs. 368.86 lakhs in FY 2020 to Rs. 671.89 lakhs in FY 2021. PAT margins for FY 2021 stood at 1.06%.
The Current Ratio of the company as of 31st March 2021 was 1.38.
The debt-Equity Ratio of the company as of 31st March 2021 was 4.85.
Book value per equity share of the company as of 31st March 2021 was Rs. 18.79.
APL Metals Limited has not given any dividends for the past three years.
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