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×

mitsubishi heavy industries india precision tools Limited

355.00
+ 1.43 %
Scrip Name
MITSUBISHI HEAVY INDUSTRIES
ISIN No.
INE677G01014
PAN No.
AAACS5081L
Face Value
10
No. of Outstanding Shares
6,970,000
Market Capitalization
247.44 Crore


MITSUBISHI HEAVY INDUSTRIES INDIA PRECISION TOOLS LIMITED is one of the World's leading manufacturers of Gear Cutting Tools and Broaches in India. In May 2005, Mitsubishi Heavy Industries Machine Tool Company Limited acquired S.R.P. Tools Limited, India, a 42-year-old company, and thus Mitsubishi Heavy Industries India Precision Tools Ltd was formed. This unit is now functioning as a subsidiary of Mitsubishi Heavy Industries Machine Limited, Japan. S.R.P Tools Limited was India’s first unit to obtain ISO 9000 certification for Gear Cutting Tools and Broaches. Even though the Company does not have a separate R & D wing, the R & D activities are carried out along with our regular operations resulting in effective utilization of imported raw materials which help in reducing the outgo on foreign exchange.


Mitsubishi Heavy Industries India Precision Tools Limited is India’s largest manufacturer of Gear Cutting Tools and Broaches, featuring the most advanced precision technologies and commanding a large market share. The company’s product range includes Hobs, Gear Shaping Cutters, Gear Shaving Cutters, Master Gears, Rotary Cutters, Spline Broach, and various other types of Broaches, used in the manufacturing of various automotive and engineering components.


INCORPORATION DETAILS


CIN

U29130TN1963PLC004990

Registration Date

12th March 1963

Category/Sub-category of the Company

Public Company having a share capital

Address of the Registered office and contact details

2, Sipcot Industrial Complex,

Ranipet 632403

Telephone No. 91-4172-244361

Name, Address and Contact Details of

Registrar and Transfer Agent, if any

KFIN TECHNOLOGIES PRIVATE LTD.

Karvy Selenium Tower B, Plot No. 31 &32,

Gachibowli Financial District,

Nanakramguda, Serilingampally,

Hyderabad 500 032.

Phone No. +91 040 67161500

PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

Name and Description of main products/services

NIC Code of the product/service

% to total turnover of the Company

Gear Cutting Tools

820770.09

61.89%

Broaches

820760.09

38.11%

 

BOARD OF DIRECTORS

Mr. Munetaka Nomura (Chairman & Managing Director)

Mr. S. Srinivasan

Mr. N. Valliappan

Mr. Yoshinao Miyoshi

Mr. Shusuke Suto


PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES

MITSUBISHI HEAVY INDUSTRIES INDIA PRECISION TOOLS LIMITED does not have any subsidiary or associate company.

 

MITSUBISHI HEAVY INDUSTRIES INDIA PRECISION TOOLS LIMITED UNLISTED SHARE DETAILS


Total Available Shares:

69,70,000

Face Value:

Rs. 10 Per Equity Share

ISIN:

INE677G01014

PAN no.

AAACS5081L

Lot Size:

100 Shares

Last Traded Price:

Rs. 300

Market Cap:

Rs. 209.10 Crore


SHAREHOLDING PATTERN

(As on 31-03-2020)

S. No.

Shareholders’ Name

Number of shares

% of total Shares of the company

1

Mitsubishi Heavy Industries Limited (Promoter)

67,25,000

96.48%

2

Public Shareholding

2,45,000

3.52%

 

Total

69,70,000

100.00%


INDUSTRY OUTLOOK

 

The global automotive gear market is expected to grow at a considerable rate for the next few years, primarily on the account of the growing automotive industry. The growth in the automotive industry is an outcome of the increased production of passenger vehicles in recent years. Moreover, increasing installation of automated and mechanized parts in automobiles, advancements in technology, demand for smooth gear shifts, and enhanced acceleration are driving the growth of the automotive gear industry. The Asia Pacific is projected to have the largest market for automotive gears, with India and China being the leader in the industry.


The automotive gears industry in FY 2020 has been largely static. The market for Gear is trending towards higher sizes due to larger capacities being planned by the various users. Accompanying these trends is the scale-up in capital equipment sizes, newer technologies, energy efficiency, and space reduction are emerging as key drivers in the Gear industry. India, in recent years, has witnessed considerable growth in the planetary Gear segment signaling a maturing of the market. Recently, the outlook for the auto component industry has changed from Negative to Stable backed by an increase in demand across Original Equipment manufacturers, replacements, and exports.


Due to COVID 19 pandemic and nationwide lockdown, the industry faced hard times because of initial disturbances in supply chain management, and aggregate demand reaching normal levels.


FY 2021 was one of the toughest years in the history of the Indian automotive industry due to the outbreak of the COVID 19 pandemic. The Automobile industry was already facing headwinds due to the slowing economy was stopped completely due to nationwide lockdown in 2020. The Indian automotive industry in FY 2021 registered a decline of 13.6%. However, the last 2 quarters have been relatively better than the first 2 quarters of FY 2021. The 4th Quarter of FY 2021 registered an increase of 25.89% in total sales of automobiles when compared to the 3rd quarter of FY 2021. The Passenger Vehicle segment saw a total decline of 2.24% in FY 2021. However, the Passenger Vehicle segment performance in the 4th quarter improved strongly with a year-on-year increase of 42.4%.



PROFIT & LOSS STATEMENT OF MITSUBISHI HEAVY INDUSTRIES INDIA PRECISION TOOLS LIMITED (In Rs. Lakhs)

 

PARTICULARS

2020

2019

2018

2017

Revenue from Operations

8,861.84

10,731.33

7,134.32

6,610.46

EBITDA

1,890.27

2,792.06

2,223.49

1,753.04

EBITDA margin

21%

26%

31%

27%

Depreciation

723.30

692.89

904.87

892.95

Other Income

668.50

582.60

471.15

437.33

Profit Before Tax

1,835.48

2,681.77

1,789.77

1,297.42

Total Tax

523.10

779.27

633.50

432.91

Profit After Tax (PAT)

1,312.37

1,902.50

1,156.27

864.51

EPS

18.83

27.30

16.59

12.40

 

BALANCE SHEET OF MITSUBISHI HEAVY INDUSTRIES INDIA PRECISION TOOLS LIMITED (In Rs. Lakhs)

PARTICULARS

31st March 2020

31st March 2019

ASSETS



NON CURRENT ASSETS



Tangible assets

3,263.62

3,292.05

Intangible assets

27.22

10.46

Loans and Advances

326.70

236.05

Tax assets

66.25

84.35

TOTAL NON CURRENT ASSETS

3,683.78

3,622.92

CURRENT ASSETS



Inventories

1,480.68

1,931.87

Loans and Advances

129.02

109.21

Trade receivables

1,560.23

2,063.95

Cash and Cash equivalents

10,617.88

8,856.88

other current assets

342.87

302.87

TOTAL CURRENT ASSETS

14,130.68

13,264.78

TOTAL ASSETS

17,814.46

16,887.70

EQUITY AND LIABILITIES



EQUITY



Equity share capital

697.00

697.00

Reserves and surplus

16,454.29

15,395.15

TOTAL EQUITY

17,151.29

16,092.15

LIABILITIES



NON CURRENT LIABILITIES



Tax liabilities

-

-

TOTAL NON CURRENT LIABILITIES



CURRENT LIABILITIES



Trade payables

365.89

344.85

Provisions

283.44

410.30

Other current liabilities

13.84

40.76

TOTAL CURRENT LIABILITIES

663.17

795.91

TOTAL LIABILITIES

663.17

795.91

TOTAL EQUITY AND LIABILITIES

17,814.46

16,888.06

 

DIVIDEND HISTORY

Particulars

2020

2019

2018

Dividend (final + interim) (In Rs.)

3

3

2.5

 

PERFORMANCE OF THE COMPANY

Revenue from Operations of the company decreased by 17.42% from                      Rs. 10,731.33 lakhs in FY 2019 to Rs. 8,861.84 lakhs in FY 2020.


EBITDA of the company decreased by 32.30% from Rs. 2,792.06 lakhs in FY 2019 to Rs. 1,890.27 lakhs in FY 2020.


Net Profit of the company decreased by 31.02% from Rs. 1,902.50 lakhs in                    FY 2019 to Rs. 1,312.37 lakhs in FY 2020.


The current Ratio of the company as of 31st March 2020 was 21.30.


The company does not have any long-term or short-term debt.


The company has given a dividend of Rs. 3 per equity share.



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