ADTECH SYSTEMS LIMITED SHARE
ADTECH SYSTEMS LIMITED formerly known as Adtech Power Systems Limited is an electronic system integrator and provides a wide range of solutions for electronic security systems. The company also provides solutions for different types of Solar Projects. Adtech Systems Limited has tied ups with leading global security companies to provide a wide range of security products.
The company is a leading provider of electronic security systems to commercial & industrial clients as well as retail clients. One of the pioneer products of the company is ‘iHome’. It provides integrated control on over 3000 Z wave devices including smart switches, lighting, curtain control, smoke detectors, smart security systems, power plugs, and practically any Z-Wave powered smart device. The company also provides complete services for CCTV cameras to manage and secure buildings, campuses, schools, etc.
Ad tech Systems Limited has got an order bagged an Rs.15 Crore order from KSEB for hi-end CCTV Systems to be installed in all the major dams in Kerala. The company has also received two large orders from BHEL and Tata Solar for the supply of Floating Solar Platforms and for engineering in connection with anchoring and mooring the floating solar farms. These orders when executed will be a great boost to take the revenues to new heights
The Company has started receiving orders for Solar projects in the rooftop, land, and floating categories. Majorities-ups are envisaged for technology absorption in various types of floating platforms with a view to reducing the cost of floating solar projects and faster execution.
The Equity shares of Ad tech Systems Limited are listed on Metropolitan Stock Exchange (MSEI).
INCORPORATION DETAILS
|
CIN |
U33111TN1990PLC018678 |
|
Registration Date |
05 February 1990 |
|
Category/Sub-category of the Company |
Limited by Shares |
|
Address of the Registered office and contact details |
2/796, Second Floor, A Wing, Sakshi Towers First Main Road, Kazura Gardens Neelankarai, Chennai 600 041 Tamil Nadu |
|
Name, Address and Contact Details of Registrar and Transfer Agent, if any |
M/s Integrated Registry Management Services Private Limited 2nd Floor, Kences Towers, North Usman Road, T Nagar, Chennai 600 017 |
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 |
|
Supply, Installation, Testing, Commissioning, and maintenance of Electronic Security Systems |
85318000 |
85.92% |
|
Supply, Installation, Testing, Commissioning and maintenance of Solar PV Systems |
85410000 |
13.18% |
BOARD OF DIRECTORS
M.R.Subramonian (Managing Director)
M.R.Narayanan (Director)
M.R.Krishnan (Executive Director)
N.Suresh (Independent Director)
K.Manmathan Nair (Independent Director)
P K AnandavallyAmmal (Independent Director)
PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES
ADTECH SYSTEMS LIMITED does not have any subsidiary or associate company.
SHAREHOLDING PATTERN
(As on 31-03-20k
|
S. No. |
Shareholders’ Name |
Number of shares 2022 |
% of total Shares of the company 2022 |
Number of shares 2021 |
% of total Shares of the company 2021 |
|
1 |
M.R.Subramonian (Promoter) |
27,84,825 |
23.37% |
27,84,825 |
23.37% |
|
2 |
M.R.Krishnan (Promoter) |
26,10,075 |
21.91% |
26,10,075 |
21.91% |
|
3 |
M.R.Narayanan (Promoter) |
22,42,825 |
18.83% |
22,42,825 |
18.83% |
|
4 |
Promoter Group |
4,64,400 |
3.89% |
4,74,400 |
3.98% |
|
5 |
Public Shareholding |
38,11,625 |
32% |
38,01,625 |
31.91% |
|
|
Total |
1,19,13,750 |
100% |
1,19,13,750 |
100.00% |
INDUSTRY OUTLOOK
Security services are a US$ 140 billion industry globally. In India, it is at a growing stage, as it is become necessary for corporate to hire security firms to provide a range of services. The Indian Security market is continuously growing with new opportunities from the public and private sectors. The need for next-generation video surveillance cameras with advanced features is increasing at a rapid pace. Moreover, the adoption of Artificial Intelligence in electronic security systems is the most trending technology. The emerging Internet of Things (IoT) trend will drive the platform-based approach for convergence of Smart Home applications, technologies, and solutions.
As per Freedonia research, the security solutions market in India is poised to grow at a CAGR of 14% between 2019-2024. Nearly 65% of the market is controlled by smaller, non-compliant players. Some of the key growth drivers of the organized industry include the following:
•Strict enforcement of regulations such as minimum wages, provident fund norms, gratuity, insurance, etc.
•Greater economic activity – industries, commercial buildings, retail, education, infrastructure, etc.
•Increased threat perception and security risk awareness
•B2C security is the next frontier for the security industry with current offerings being outdated in their comprehensiveness
PROFIT & LOSS STATEMENT OF ADTECH SYSTEMS LIMITED (In Rs. Lakhs)
|
PARTICULARS |
2022 |
2021 |
2020 |
2019 |
2018 |
|
Revenue from Operations |
7,937.11 |
7,028.99 |
4,672.46 |
4,925.64 |
5,731.33 |
|
EBITDA |
496.55 |
581.79 |
363.65 |
549.47 |
564.69 |
|
EBITDA margins |
6.25% |
8.28% |
7.78% |
11.16% |
9.85% |
|
Finance Cost |
198.57 |
166.47 |
20.1 |
9.57 |
25.62 |
|
Depreciation |
125.07 |
100.22 |
42.38 |
41.1 |
18.69 |
|
Other Income |
80.93 |
74.16 |
53.04 |
70.02 |
61.82 |
|
Profit/Loss before Exceptional items and Tax |
187.51 |
389.26 |
354.21 |
568.82 |
582.19 |
|
Exceptional items |
12.11 |
7.44 |
2.62 |
1.27 |
23.21 |
|
Total Tax |
38.46 |
106.68 |
101.19 |
165.65 |
191.76 |
|
Profit After Tax (PAT) |
136.94 |
275.14 |
250.4 |
401.91 |
367.22 |
|
PAT Margin |
1.72% |
3.91% |
5.36% |
8.16% |
6.41% |
|
EPS |
1.35 |
2.31 |
2.1 |
3.37 |
3.08 |
BALANCE SHEET OF ADTECH SYSTEMS LIMITED (In Rs. Lakhs)
|
PARTICULARS |
31st March 2022 |
31st March 2021 |
31st March 2020 |
31st March 2019 |
|
|
ASSETS |
|
||||
|
NON CURRENT ASSETS |
|
||||
|
Property, Plant & Equipment |
1015.28 |
902.64 |
790.80 |
527.53 |
|
|
Capital Work in Progress |
0.00 |
623.24 |
505.87 |
223.73 |
|
|
Property held as an investment |
424.35 |
||||
|
TOTAL NON-CURRENT ASSETS |
1439.63 |
1,525.88 |
1,296.67 |
751.26 |
|
|
CURRENT ASSETS |
|
||||
|
Inventories |
887.09 |
1,324.63 |
1,091.03 |
1,529.98 |
|
|
Trade receivables |
2664.20 |
3,030.55 |
1,441.69 |
1,622.81 |
|
|
Cash and cash equivalent |
698.87 |
803.93 |
265.35 |
866.68 |
|
|
Other Financial assets |
455.11 |
1,174.33 |
237.42 |
510.33 |
|
|
Other current assets |
1112.54 |
351.88 |
984.49 |
930.94 |
|
|
TOTAL CURRENT ASSETS |
5,817.81
|
6,685.32 |
4,019.98 |
5,460.74 |
|
|
TOTAL ASSETS |
7,914.97 |
8,211.20 |
5,316.65 |
6,212.00 |
|
|
EQUITY AND LIABILITIES |
|
||||
|
EQUITY |
|
||||
|
Equity Share Capital |
1,230.91 |
1,230.91 |
1,230.91 |
1,230.91 |
|
|
Other Equity |
3,102.65 |
3,001.06 |
2,785.49 |
2,635.61 |
|
|
TOTAL EQUITY |
4,333.56 |
4,231.97 |
4,016.40 |
3,866.52 |
|
|
LIABILITIES |
|
||||
|
NON CURRENT LIABILITIES |
|
||||
|
Borrowings |
45.54 |
76.63 |
28.37 |
49.68 |
|
|
Deferred Tax Liabilities |
103.58 |
110.42 |
98.74 |
87.32 |
|
|
TOTAL NON-CURRENT LIABILITIES |
149.12 |
187.05 |
127.11 |
137.00 |
|
|
CURRENT LIABILITIES |
|
||||
|
Borrowings |
2,006.37 |
2,361.72 |
305.68 |
16.01 |
|
|
Trade Payables |
999.54 |
1,038.70 |
637.97 |
1,007.97 |
|
|
Other Financial Liabilities |
3.20 |
11.66 |
7.13 |
70.67 |
|
|
Provisions |
358.57 |
316.55 |
160.94 |
1,055.39 |
|
|
Other Current Liabilities |
5.50 |
63.55 |
61.42 |
58.44 |
|
|
Current tax liabilities |
20.63 |
0 |
0 |
0 |
|
|
Employee benefit obligations |
38.49 |
0 |
0 |
0 |
|
|
TOTAL CURRENT LIABILITIES |
3,432.3 |
3,792.18 |
1,173.14 |
2,208.48 |
|
|
TOTAL LIABILITIES |
3,581.42 |
3,979.23 |
1,300.25 |
2,345.48 |
|
|
TOTAL EQUITY AND LIABILITIES |
7,914.97 |
8,211.20 |
5,316.65 |
6,212.00 |
|
DIVIDEND HISTORY
|
Particulars |
2022 |
2021 |
2020 |
2019 |
2018 |
|
Dividend (final + interim) (In Rs.) |
nil |
nil |
0.70 |
0.70 |
0.50 |
|
Retained Earnings (In Rs. Lakhs) |
nil |
nil |
2191.99 |
2102.13 |
1880.76 |
PERFORMANCE OF THE COMPANY
Revenue from Operations of the company increased by around 13% from Rs. 7,028.99 lakhs in FY 2021 to Rs. 7,937.11 lakhs in FY 2022.
EBITDA of the company decreased by 14.65% from Rs. 581.79 lakhs in FY 2021 to Rs. 496.55 lakhs in FY 2022.
Total borrowings of the company decreased from Rs. 2,438.35 lakhs as of 31st March 2021 to Rs. 2,006.37 lakhs on 31st March 2022. Due to this, Finance costs to the company increased by 19.28% to Rs. 198.57 from Rs. 166.47 lakhs in 2022.
Profit after Tax of the company decreased by 49.77%from Rs. 275.14 lakhs in FY 2021 to Rs. 136.94 lakhs in FY 2022.
The current Ratio of the company as of 31st March 2021 was 1.88.
The debt to Equity Ratio of the company as of 31st March 2022 was 0.47.
The book value of the company as of 31st March 2021 was Rs. 36.37.
