ARRAYCOM (INDIA) LIMITED UNLISTED SHARE
ABOUT ARRAYCOM (INDIA) LIMITED
ARRAYCOM (INDIA) LIMITED is an Engineering company which is engaged in executing SITC (Supply, Installation, Testing and Commissioning) jobs and in manufacturing of Thick Film Materials.
Arraycom (India) Limited undertakes different services related with System Integration. The company brings together various subsystems, utilizes different technologies and ensures to make them function like a complete system. The company takes system integration projects in field of Satellite Communications, Terrestrial Communication, Signals Intelligence, Broadcast Engineering, Networking, Software Development, Surveillance etc.
Under Thick Film Materials Division, the company manufactures Solar Paste, Conductive Paste, Membrane Ink, Resistor Paste, Precious Metal Powder, and Insulation Paste.
The company jumped into Solar Business in year 2016 and has executed over 1000 projects of more than 3000 KW of capacity in total. The company is techno commercially capable of executing solar projects on turnkey basis including site survey, liaisoning with DISCOM, Nodal Agencies, etc. The company design, supply, install and commission as per requirements of clients. The company also provides warranty support services and Operations and Maintenance Services.
INCORPORATION DETAILS
CIN | |
Registration Date | 18 June 1992 |
Category/Sub-category of the Company | Public Company |
Address of the Registered office and contact details | Plot No.B-13, 13/1 & 14, Electronics Estate, GIDC, Sector-25, Gandhinagar – 382025 |
Name, Address and Contact Details of Registrar and Transfer Agent, if any | MCS Share Transfer Agent Limited, 201, Shatdal Complex, Opp. Bata Show Room, Ashram Road, Ahmedabad-380009 |
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 |
System Integration in the fields of Satellite Communication and Broadcasting | 613 & 749 | 9.51% |
Electronic Materials (TFM) (MFG. & Trading) | 261 | 90.14% |
BOARD OF DIRECTORS
Mrs. Gorsi A. Parekh (Chairperson & Managing Director)
Mrs. Kalawati J. Parekh (Director)
Mr. Varun A. Parekh (Director)
Mr. Bipin C. Vasavada (Director)
Mr. R. N. Patel (Director)
PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES
ARRAYCOM (INDIA) LIMITED does not have any subsidiary or associate company.
ARRAYCOM (INDIA) LIMITED UNLISTED SHARE DETAILS
Total Available Shares: | 49,99,985 |
Face Value: | Rs. 10 Per Equity Share |
ISIN: | |
PAN No. | AAACP6344D |
Lot Size: | 500 Shares |
Last Traded Price: | Rs. 10 |
Market Cap: | Rs. 5.00 Crore |
SHAREHOLDING PATTERN
(As on 31-03-2020)
S. No. | Shareholder’s Name | Number of shares | % of total Shares of the company |
1 | Mrs. Kalawati J. Parekh | 8,34,205 | 16.68% |
2 | Mrs. Gorsi A. Parekh | 20,93,909 | 41.88% |
3 | Mr. Varun A. Parekh | 48,700 | 0.97% |
4 | Ms. Parita A. Parekh | 1,55,800 | 3.12% |
5 | Public Shareholding | 18,67,271 | 37.34% |
| Total | 49,99,985 | 100.00% |
INDUSTRY OUTLOOK
Power sector is among the most important component for any nation and is very crucial for economic growth and developing infrastructure. India’s power sector is very diversified. India uses conventional sources like Coal, Ignite, Oil, hydro, Natural Gas, and nuclear power and non conventional sources like wind, solar, and domestic waste for power generation. Electricity demand in the country is ever increasing.
Renewable energy market of India is 4th most attractive market in the world. In 2019, India ranked 5th in solar power, 5th in wind power, and 4th in renewable power installed capacity. Renewable power generation capacity in India is increasing at CAGR of 17.33%. India plans to meet its energy requirements on its own, which is expected to be achieved by 2040.
Installed Renewable energy capacity stood at 94.43 GW. The Government of India aims to achieve 227 GW of renewable energy comprising of 114 GW of solar capacity addition and 67 GW of wind power capacity by 2022. Government plans to establish renewable energy capacity of 523 GW. Government of India is providing lots of incentives to make people move to clean sources of energy. In the Union Budget 2021-22, Ministry for New and Renewable Energy was allocated Rs. 5,753 crore (US$ 788.45 million). Under Union Budget 2021-22, the government has provided an additional capital infusion of Rs. 1,000 crore (US$ 137.04 million) to Solar Energy Corporation of India (SECI) and Rs. 1,500 crore (US$ 205.57 million) to Indian Renewable Energy Development Agency.
PROFIT & LOSS STATEMENT OF ARRAYCOM (INDIA) LIMITED (In Rs. Lakhs)
PARTICULARS | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
Revenue from Operations | 36,634.28 | 12,027.46 | 1,795.10 | 1,843.43 |
EBITDA | 478.89 | 28.24 | 104.90 | 93.22 |
Finance Cost | 114.89 | 78.16 | 47.66 | 61.48 |
Depreciation | 23.66 | 22.77 | 66.69 | 78.98 |
Other Income | 18.61 | 29.37 | 12.16 | 21.15 |
Profit Before Tax | 358.95 | -43.32 | 2.71 | -26.09 |
Total Tax | 0.00 | 1.89 | 0.24 | 0.12 |
Profit After Tax (PAT) | 358.95 | -45.21 | 2.47 | -26.21 |
Earnings Per Share (EPS) (In Rs.) | 7.18 | -0.90 | 0.05 | -0.52 |
BALANCE SHEET OF ARRAYCOM (INDIA) LIMITED (In Rs. Lakhs)
PARTICULARS | 31st March 2020 | 31st March 2019 |
ASSETS | ||
NON CURRENT ASSETS | ||
Property, Plant, and Equipment | 2,128.08 | 2,150.74 |
Intangible assets | 3.99 | 2.11 |
Non Current Investment | 101.77 | 101.77 |
Long term loans and advances | 76.00 | 106.57 |
TOTAL NON CURRENT ASSETS | 2,309.84 | 2,361.19 |
NON CONTROLLING INTEREST | ||
CURRENT ASSETS | ||
Inventories | 645.64 | 312.74 |
Financial assets | 979.11 | 520.83 |
Trade receivables | 3,245.30 | 282.63 |
Cash and cash equivalent | 233.17 | 30.19 |
Other current assets | 4.66 | 2.04 |
TOTAL CURRENT ASSETS | 5,107.88 | 1,148.43 |
TOTAL ASSETS | 7,417.72 | 3,509.62 |
EQUITY AND LIABILITIES | ||
EQUITY | ||
Equity Share Capital | 500 | 500 |
Reserves and Surplus | 3,013 | 2,654 |
TOTAL EQUITY | 3,513 | 3,154 |
LIABILITIES | ||
NON CURRENT LIABILITIES | ||
Borrowings | 0.00 | 2.34 |
Provisions | 38.05 | 34.06 |
TOTAL NON CURRENT LIABILITIES | 38.05 | 36.40 |
CURRENT LIABILITIES | ||
Short term borrowings | 917.01 | 286.91 |
Trade payables | 2,751.92 | 13.02 |
Provisions | 187.38 | 16.52 |
Other current liabilities | 10.39 | 2.75 |
TOTAL CURRENT LIABILITIES | 3,866.70 | 319.20 |
TOTAL LIABILITIES | 3,904.75 | 355.60 |
TOTAL EQUITY AND LIABILITIES | 7,417.72 | 3,509.62 |
DIVIDEND HISTORY
Particulars | 2020 | 2019 | 2018 |
Dividend (final + interim) (In Rs.) | Nil | Nil | Nil |
PERFORMANCE OF THE COMPANY
Revenue from Operations of the company increased by 204.59% from Rs. 12,027.46 lakhs in FY 2019 to Rs. 36,634.28 lakhs in FY 2020.
EBITDA of the company increased phenomenally by 1595.79% from Rs. 28.24 lakhs in FY 2019 to Rs. 478.89 lakhs in FY 2020. EBITDA margin of the company increased from 0.23% in FY 2019 to 1.31% in FY 2020.
The company booked a profit of Rs. 358.95 lakhs in FY 2020, as against the loss of Rs. 45.21 lakhs in FY 2019.
Current Ratio of the company as of 31st March 2020 was 1.32.
Debt to Equity ratio of the company as of 31st March 2020 was 0.26.
The company has not given any dividend from the past three years.
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