T.STANES AND COMPANY LIMITED UNLISTED SHARE
ABOUT T.STANES AND COMPANY LIMITED
T.STANES AND COMPANY LIMITED was first started as a coffee curing company in 1861. The company later entered into various fields. T. Stanes and Company Limited was the first company to establish a cloth mill in Coimbatore. The company was also a part of the first electricity and public transport schemes in Coimbatore. Later on, the company entered into the business of mechanical mixing of fertilizers.
In 1961, Amalgamations GroupacquiredT. Stanes and Company Limited. The company is now one of the market leaders in the business of fertilizer blends. With its continuous Research & Development, the company produced a whole range of bio-products, like growth regulators, organic fertilizer mixtures, and Biologicals for the control of pests and diseases in plants. Stanes Network has the responsibility to market all these products. The company has also produced a range of herbal teas and ayurvedic remedies. The top-selling products of the company are Nimbecidine, Anandham, Symbion-vam plus, Green miracle, and Animal.
The company is continuously researching for new active ingredients to control crop pests and improve crop yield. The research involves producing new products on Pest management, Nutrient management, Disease management, and water management.
INCORPORATION DETAILS
CIN | U02421TZ1910PLC000221 |
Registration Date | 28th June 1910 |
Category/Sub-category of the Company | Company Limited by Shares |
Address of the Registered office and contact details | 8/23-24, Race Course Road, Coimbatore - 641 018. Phone: 0422-2221514, 2223515-18 Email: shares@t-stanes.com |
Name, Address and Contact Details of Registrar and Transfer Agent, if any | M/s.Integrated Registry Management Services Private Limited, Second Floor, Kences Towers, No.1 - Ramakrishna Street, North Usman Road, T.Nagar, Chennai - 600 017 |
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
Name and Description of main products/services | NIC Code of the product/service | % to the total turnover of the Company |
Agro Products | 2021 | 89.97% |
BOARD OF DIRECTORS
Mr. A.Krishnamoorthy, (Chairman)
Mr. S.Ramanujachari, (Director)
Mr. K.S.Hegde, (Director)
Mrs. Lakshmi Narayanan, (Whole-Time Director)
Mr. P.M.Venkatasubramanian, (Independent Director)
Mr. R.Vijayaraghavan, (Independent Director)
Mr. K.K.Unni, (Independent Director)
Mr. N.P.Mani, (Independent Director)
PARTICULARS OF SUBSIDIARY COMPANIES
Name of the Company | % of shares held |
Stanes Motors (South India) Limited | 100.00% |
Stanes Amalgamated Estates Limited | 50.23% |
T.STANES AND COMPANY LIMITED UNLISTED SHARE DETAILS
Total Available Shares: | 23,66,184 |
Face Value: | Rs. 10 Per Equity Share |
ISIN: | INE420F01011 |
PAN No. | AAACT7126P |
Lot Size: | 100 Shares |
Last Traded Price: | Rs. 500 |
MARKET Cap: | Rs. 118.31 Crore |
SHAREHOLDING PATTERN
(As of 31-03-2020)
S. No. | Shareholders’ Name | Number of shares | % of total Shares of the company |
1 | M/s. Simpson and Company Limited | 13,72,795 | 58.02% |
2 | M/s. Amalgamations Private Limited | 3,16,808 | 13.39% |
3 | M/s. Simpson and General Finance Company Limited | 25,000 | 1.06% |
4 | M/s. Sri Rama Vilas Service Limited | 11,800 | 0.50% |
5 | M/s. Tractors and Farm Equipment Limited | 1,300 | 0.05% |
6 | Public Shareholding | 6,38,481 | 26.98% |
| Total | 23,66,184 | 100.00% |
INDUSTRY OUTLOOK
India is the largest producer of spices, milk, pulses, cashew, tea, and jute. India ranks second in the production of rice, wheat, fruits and vegetables, cotton, and oilseeds. With the increasing population, the demand for agricultural products is also rising. This demand helped the farmers to adopt new and enhanced technologies for dairy, livestock, and fisheries. More than 50% of the population in India is still dependent on agriculture and related activities.
The agricultural industry of India has reached a value of Rs. 63,506 billion in FY 2020. The share of agriculture in GDP increased to 19.9% 2020-21 from 17.8% in 2019-20, making it the only bright spot in GDP performance during FY 2021. In FY 2021, Agriculture was the only sector to have a positive growth of 3.4%. In FY 2020 (according to fourth advance estimates), total food grain production (296.65 million tonnes) in the country was higher by 11.44 million tonnes than in FY 2019.
It is estimated that the second wave of the COVID 19 pandemic will not affect the agriculture sector in any way. In fact, in the year 2020 also, the agriculture sector of India was among the industries that recorded positive growth. During the COVID 19 pandemic, activities related to agriculture were tagged as ‘Essential Services’.
In the budget for 2022, the Government of India allocated Rs.75,100 crore for the farmers in India, increasing the agricultural credit target to Rs.16.5 lakh crores in FY 2022. A Micro Irrigation Fund was created under National Bank for Agriculture and Rural Development (NABARD), with a corpus of Rs 5,000 crore, which would get doubled, by an additional Rs 5,000 crore.
PROFIT & LOSS STATEMENT OF T.STANES AND COMPANY LIMITED(In Rs. Lakhs)
PARTICULARS | 2020 | 2019 | 2018 |
Revenue from Operations | 35,756.20 | 33,344.66 | 31,418.61 |
EBITDA | 1,823.79 | 2,008.94 | 2,067.58 |
EBITDA margin | 5.10% | 6.02% | 6.58% |
Finance Cost | 78.75 | 98.33 | 141.35 |
Depreciation | 354.87 | 329.85 | 308.18 |
Other Income | 242.04 | 220.66 | 155.33 |
Profit Before Tax | 1,632.21 | 1,801.42 | 1,773.59 |
Total Tax | 445.01 | 618.38 | 660.71 |
Profit After Tax (PAT) | 1,187.19 | 1,183.04 | 1,112.88 |
EPS | 50.17 | 50.00 | 44.28 |
BALANCE SHEET OF T.STANES AND COMPANY LIMITED (In Rs. Lakhs)
PARTICULARS | 31st March 2020 | 31st March 2019 |
ASSETS | ||
NON CURRENT ASSETS | ||
Tangible assets | 3,260.08 | 3,082.49 |
Financial assets | 1,781.02 | 3,142.28 |
Other non-current assets | 91.39 | 36.02 |
TOTAL NON CURRENT ASSETS | 5,132.48 | 6,260.79 |
CURRENT ASSETS | ||
Inventories | 5,099.56 | 4,847.58 |
Financial assets | 109.64 | 135.12 |
Trade receivables | 9,994.71 | 9,506.64 |
Cash and Cash equivalents | 325.37 | 861.93 |
other current assets | 497.08 | 660.31 |
TOTAL CURRENT ASSETS | 16,026.36 | 16,011.57 |
TOTAL ASSETS | 21,158.84 | 22,272.36 |
EQUITY AND LIABILITIES | ||
EQUITY | ||
Equity share capital | 236.62 | 236.62 |
Other equity | 11,383.58 | 11,427.32 |
Non Controlling Interest | 478.17 | 646.33 |
TOTAL EQUITY | 12,098.37 | 12,310.26 |
LIABILITIES | ||
NON CURRENT LIABILITIES | ||
Financial liabilities | ||
Provisions | 146.34 | 134.85 |
Tax liabilities | 106.14 | 162.41 |
TOTAL NON CURRENT LIABILITIES | 252.48 | 297.25 |
CURRENT LIABILITIES | ||
Financial liabilities | 1,784.41 | 1,380.57 |
Trade payables | 6,197.24 | 7,502.65 |
Provisions | 11.98 | 12.17 |
Tax liabilities | 133.95 | 142.50 |
Other current liabilities | 680.40 | 626.95 |
TOTAL CURRENT LIABILITIES | 8,807.99 | 9,664.84 |
TOTAL LIABILITIES | 9,060.47 | 9,962.10 |
TOTAL EQUITY AND LIABILITIES | 21,158.84 | 22,272.36 |
DIVIDEND HISTORY
Particulars | 2020 | 2019 |
Dividend (final + interim) (In Rs.) | 9.00 | 8.00 |
Retained Earnings (Consolidated) (In Rs. Lakhs) | 2,873.26 | 2,344.53 |
PERFORMANCE OF THE COMPANY
Revenue from Operations of the company increased by 7.23% from Rs. 33,344.66 lakhs in FY 2019 to Rs. 35,756.20 lakhs in FY 2020.
EBITDA of the company decreased by 9.22% from Rs. 2,008.94 lakhs in FY 2019 to Rs. 1,823.79 lakhs in FY 2020. EBITDA margins of the company declined from 6.02% in FY 2019 to 5.10% in FY 2020.
Profit After Tax of the company remained stable and was Rs. 1,183.04 lakhs in FY 2019 to Rs. 1,187.19 lakhs in FY 2020.
The current Ratio of the company as of 31st March 2020 was 1.81.
The debt to Equity ratio of the company as of 31st March 2020 was 0.07.
The book value of the company as of 31st March 2020 was Rs. 511.30.
The company has given a total dividend of Rs. 9 per equity share.
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