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×

amalgamations repco Limited

500.00
+ 0.00 %
Scrip Name
Amalgamations Repco
ISIN No.
INE079E01018
PAN No.
AADCA8200E
Face Value
10
No. of Outstanding Shares
948,750
Market Capitalization
47.44 Crore

About AMALGAMATIONS REPCO LIMITED Unlisted Shares

Amalgamations Repco Limited, a Company of the Amalgamations Group situated in Chennai, is one of the major manufacturing facilities established in India through Indo-Australian cooperation.

Incorporated in the year 1967, with technical and financial collaboration with Repco Limited, Australia, Amalgamations Repco Limited commenced commercial production in the year 1970 of Clutch Assemblies and Components to cater to the automotive & tractors vehicle industry besides the After Market. Since 1980 AMREP functioned on its own. Flywheel Starter Ring Gear operation started in the year 2004. Subsequently, India Piston Repco limited, Kakkalur manufacturing Flywheel Starter Ring Gear merged with Amalgamations Repco Ltd. In 2006.

 AMREP has a well-equipped manufacturing plant with state-of-the-art machinery and is backed by a strong in-house design & development wing. This has enabled continuous product improvements and capability for new product development, both for domestic and overseas markets. The factory is equipped with the appropriate manufacturing facilities and manned by trained technical personnel. The company has acquired a reputation for its strict practice of quality control disciplines towards adhering to the most exacting specifications insisted upon by all the Vehicle Manufacturers in the country. AMREP is by now a well-known brand leader in this sector of industry and the products are manufactured to match international standards in quality and performance.

The Company has, over the years, attained the status of a leading and reliable manufacturing facility for products viz. Clutch Driven Plate, Clutch Cover Assemblies (both Conventional Coil Spring type and Diaphragm Spring type), Flywheel Starter Ring Gears, etc., for all leading models of Passenger Cars, Commercial Vehicles, Jeeps, Tractors & Fork Lift produced in the country.

AMREP caters to major OEMs in the country like Ashok Leyland, TAFE, TMTL, ITL, Force Motors Ltd., John Deere, Mahindra (OES), Mahindra Swaraj (OES) & Escorts and enjoys a strong brand preference in the aftermarket. The company has established a vibrant national distribution network to service all key consumption markets and the stable distribution policy has enabled AMREP to foster an enduring relationship with its distributors and dealers. The company also derives a significant share of business from state transport undertakings. The products are exported to Spain, Italy, Japan, Turkey, Mexico, the U.S.A, Croatia, Serbia, Sri Lanka, and the United Kingdom

INCORPORATION DETAILS of Amalgamations Repco Limited

CIN

U35999TN1967PLC005566

Registration Date

15 December 1967

Category/Sub-category of the Company

Company limited by Shares

Address of the Registered office and contact details

136, ‘J’ GARDENS, G.N.T. ROAD CHENNAI – 600 110

Name, Address and Contact Details of

Registrar and Transfer Agent, if any

M/s. CAMEO CORPORATE SERVICES LTD. “SUBRAMANIAM BUILDING” NO. 1, CLUBHOUSE ROAD CHENNAI – 600 002 DEMAT CODE: ISIN NO: INE079E01018

BOARD OF DIRECTORS

Shri A. KRISHNAMOORTHY – Chairman

Shri VIKRAM VIJAYARAGHAVAN – (w.e.f 03-06-2020)

Shri NAVIN PAUL – (w.e.f 03-06-2020)

Dr. N. GOWRISHANKAR

Shri A.VENKATARAMANI

Shri M.H.J. MESSIAHDAS

Shri N. SIVASAILAM

Shri M. DEVARAJAN – Whole time Director

Shareholders holding more than 5 % shares in the company as of 31 March 2021

 

As of March 31, 2021

As of March 31, 2021

As of March 31, 2020

As of March 31, 2020

Name of the shareholder

Number of shares

%

Number of shares

%

Amalgamations Private Limited

1,21,217

12.78%

1,21,217

12.78%

Simpson & Company Limited

4,96,985

52.38%

4,96,985

52.38%

Bimetal Bearings Limited

1,20,750

12.73%

1,20,750

12.73%

Tractors and Farm Equipment Limited

77,900

8.21%

77,900

8.21%

Sri Rama Vilas Service Limited

60,000

6.32%

60,000

6.32%

INDUSTRY OUTLOOK

Over the period between FY16 to FY20, the automotive components industry registered a CAGR of 6%, reaching US$ 49.3 billion in FY20, with exports growing at a CAGR of 7.6% during FY16-FY20 to reach US$ 14.5 billion in FY20. The auto components industry accounted for 2.3% of India’s Gross Domestic Product (GDP) and 25% of its manufacturing GDP, providing employment to 50 lakh people in 2018-19. The Indian auto components industry is expected to grow to US$ 200 billion by FY26.

Due to high development prospects in all segments of the vehicle industry, the auto component sector is expected to rise by double digits in FY22.

Strong international demand and resurgence in the local original equipment and aftermarket segments are predicted to help the Indian auto component industry grow by 20-23% in FY22.

As per Automobile Component Manufacturers Association (ACMA), automobile component export from India is expected to reach US$ 80 billion by 2026. The Indian auto component industry aims to achieve US$ 200 billion in revenue by 2026. Turnover of the automotive components industry stood at Rs.1.19 lakh crore (US$ 15.9 billion) from April to September 2020, registering a decline of 34% over the first half of the previous year.

India’s automobile industry is the world’s fourth-largest. India was the world's fourth-largest manufacturer of cars and seventh-largest manufacturer of commercial vehicles in 2019. Indian automotive industry (including component manufacturing) is expected to reach between Rs. 16.16-18.18 trillion (US$ 251.4-282.8 billion) by 2026. Indian automobile industry (Includes automobiles and auto components) received Foreign Direct Investment (FDI) worth US$ 25.85 billion between April 2000 and March 2021.

A cumulative investment of ~Rs. 12.5 trillion (US$ 180 billion) in vehicle production and charging infrastructure would be required until 2030 to meet India’s electric vehicle (EV) ambitions. This is likely to boost the demand for auto components from local manufacturers.

In March 2021, the government announced to offer fresh incentives to companies making electric vehicles (EVs) as part of a broad auto sector scheme. The scheme is expected to attract US$ 14 billion of investment in the next five years.

The Indian government has outlined US$ 7.8 billion for the automobile and auto components sector in production-linked incentive schemes under the Department of Heavy Industries.

In November 2020, the Union Cabinet approved the PLI scheme in automobile and auto components with an approved financial outlay over a five-year period of Rs. 57,042 crore (US$ 8.1 billion)

Domestic automobile production increased at 2.36% CAGR during FY16-FY20 with 26.36 million vehicles being manufactured in the country in FY20. Production of two-wheelers, passenger vehicles, commercial vehicles, and three-wheelers reached 21.03 million, 3.43 million, 0.75 million, and 1.13 million, respectively, in FY20.

Automobile export is expected to grow at a CAGR of 3.05% during 2016-2026. The Government of India expects the automobile sector to attract US$ 8-10 billion in local and foreign investment by 2023.

 FINANCIALS AT GLANCE

STANDALONE STATEMENT OF PROFIT AND LOSS   (All amounts in INR Lakhs, unless otherwise stated)

Particulars

2021

2020

2019

Revenue from Operations

15,923.86

13,959.50

16,737.80

Other Income

52.81

94.41

74.53

Total Revenue

15,976.67

14,053.91

16,812.33

 change %

13.68%

-16.41%

 

EBITDA

876.29

608.03

677.29

Change %

44.12%

-10.23%

 

EBITDA Margin

5.48%

4.33%

4.03%

EBIT

798

507

547

EBIT Margin

5.00%

3.61%

3.25%

DEP

170.37

178.21

182.85

FINANCE COST

77.81

100.7

130.6

Profit before tax

628.11

329.12

363.84

Tax Expense I Current Taxes

144.32

100.15

111.1

Deferred tax

46.23

-4.6

11.66

Total  Tax Expense

190.55

95.55

122.76

PAT

437.56

233.57

241.08

Profit Margin

2.74%

1.66%

1.43%

EPS( in Rs.)

46.12

24.62

25.41

BALANCE SHEET AS ON 31ST MARCH 2021   (All amounts in INR Lakhs, unless otherwise stated)

Particulars

As of March 31, 2021

As of March 31, 2020

ASSETS

 

 

Non-current assets

 

 

Property, plant and equipment (tangible assets)

1949.44

1049.01

Right-of-use-assets

0

0

Capital work-in-progress

0

339.71

Intangible assets

1.51

1.87

Financial assets

 

 

(i) Investments

90.48

74.02

(ii) Loans

57.84

65.61

(ii) Other financial assets

1.3

0

Income tax assets (net)

128.82

0

Other non-current assets

20.83

181.03

Total non-current assets 

2250.22

1711.25

Current assets

 

 

Inventories

2000.8

1680.3

Financial assets

 

 

(i) Trade receivables

3734.54

3827.28

(ii) Cash and cash equivalents 

796.06

586.8

(iii) Other bank balances 

193.65

134.04

(iv) Other financial assets

33.19

30.1

Other current assets

333.37

294.19

Total current assets 

7104.61

6552.71

Total assets 

9354.83

8263.96

EQUITY AND LIABILITIES

 

 

EQUITY

 

 

Equity share capital

94.87

94.87

Other equity

2567.59

2227.76

Total equity

2662.46

2322.63

LIABILITIES

 

 

Non-current liabilities

 

 

Financial liabilities

 

 

(i) Borrowings

636.92

875

Provisions

72.55

93.77

Deferred tax liabilities (net)

57.99

10.66

Total non-current liabilities 

767.46

979.43

Current liabilities

 

 

Financial liabilities

 

 

(i) Borrowings

0

502.2

(ii) Lease liabilities

0

0

(iii) Trade payables

 

 

Total outstanding dues of micro and small enterprises

496.92

386.18

Total outstanding dues of creditors other than micro and small enterprises 

4548

3295.91

(iv) Other financial liabilities 

516.49

377.95

Provisions

90.51

121.63

Current tax liabilities

103.29

32.21

Other current liabilities

169.6

245.82

Total current liabilities 

5924.91

4961.9

Total liabilities 

6692.37

5941.33

Total equity and liabilities 

9354.83

8263.96

 

Dividend History

   
     

Year

2021

2020

 Amount (on per Share Basis)

Rs. 5

Rs. 5

 PERFORMANCE OF THE COMPANY

At the start of the COVID pandemic, one of the major challenges faced by the Company was that of supply chain and logistics. Yet, compared to 2020, productivity has been higher this year. The Company focused on improving the efficiencies in the supply chain, manpower, productivity, and reducing costs. The Company mainly caters to ring gears to major automotive manufacturers and 20-30% of the ring gear and clutch exports are to countries including Japan, Italy, France, USA, Spain, Turkey, Mexico, Croatia, Serbia, Sri Lanka, and the United Kingdom among others. The focused cost control measures implemented and optimum utilization of resources enabled us to register a profit before tax of Rs.628.11 lakhs.

The total Revenue of the company has seen an improvement of 13.68% in FY 2021 from Rs. 14053.91 Lakhs to Rs. 15976.67 Lakhs. Furthermore, the PAT of the company has improved from Rs. 233.57 lakhs in FY 2020 to Rs. 437.56 Lakhs, Whereas the profit margin, has also increased to 2.74% from 1.66%

The Current ratio for FY 2021 stands at 1.19 whereas in FY 2020 it was 1.32.

The company has paid Rs. 5 per share as a dividend for the past two years.

Annual Reports

2020-21

Download

2019-20

Download
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