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×

anand i power Limited

20.00
+ 0.00 %
Scrip Name
Anand I-Power
ISIN No.
INE222D01032
PAN No.
AAACP0482E
Face Value
1
No. of Outstanding Shares
33,336,693
Market Capitalization
66.67 Crore

ANAND I–POWER LIMITED DELISTED SHARE 


Established on April 06, 1962, Anand I-power Limited is a public incorporated company registered with the Registrar of Companies, Mumbai. The company’s authorized share capital is Rs. 1,45,000,000 and its paid-up capital is Rs. 1,33,336,568.

The company manufactures piston rings, clutch plates, groove/alfin inserts, and flat plates along with innovative products like moly plasma inlaid rings, chrome scraper rings, PVD-coated rings, and DLC rings. It has built a reputation as India's leading manufacturer and exporter of piston rings.

Apart from the static casting method, the introduction of the centrifugal casting method has paved the way to manufacturing products aligned with customer expectations.

The company received many awards like Golden Peacock Award for Quality, Exports Excellence Award by EEPC, Ford Q-1 Preferred Quality Status, Productivity Awards by the National Productivity Council and ACMA, Kaizen Award for Productivity Improvement by ACMA, NIMA Corporate Social Responsibility Award, and Green Enterprise Award by Ecoreco,

INCORPORATION DETAILS


CIN

U99999MH1962PLC012316

Registration Date

April 06, 1962

Company Name

ANAND I-Power Limited

Email Address

contact@anandipower.com

Category/Sub-category of the Company

Public Company limited by shares / Indian Non-Government Company

Registration Number

12316

Address of the Registered office & contact details

20, MIDC Estate Satpur,

 Nashik 422 007 Maharashtra

 Tel: (0253) 2202800

 Fax: (0253) 2350584

Website: www.anandipower.com

Company Secretary & Compliance Officer

Mr. Anshul Bhargava

Name, Address & contact details of the Registrar & Transfer Agent, if any

KFin Technologies Private Limited, Selenium Tower B,

 Plot Nos. 31 & 32, Financial

District, Nanakramguda,

Serilingampally Mandal Hyderabad – 500032, India

 

 

PARTICULARS OF HOLDING, SUBSIDIARY & ASSOCIATE COMPANIES 

 

S.NO.

Name Of The Company

Category

%Of Shares Held

1.

ASIA INVESTMENTS PRIVATE LIMITED

Holding of the Company

93.32%

 

BOARD OF DIRECTORS

 

S.NO.

Name of the Directors

Category

1.

Mr. Mahendra Kumar Goyal

Chairman and Non-Executive Director

2.

Mr. Shankar Srikantiah Muguru

Non-Executive Director

3.

Mr. Amitabh Srivastava

Non-Executive Director

4.

Mr. Kamaljit Singh Bhullar

Non-Executive Independent Director

5.

Mr. Narayan Nagorao Vakil

Non-Executive Independent Director

 

Principal Business Activities of the Company

Name & Description of main products/services

NIC Code of the Product /service

% to total turnover of the company

Piston Rings

2811

55%

Other Articles of Non-Malleable Iron

2431

45%

 

SHAREHOLDING PATTERN

(As of 31-03-2021)

S. No.

Shareholder’s Category

No. of Shares

% of total Shares of the company

1

PROMOTERS

31578224

94.73%

2

PUBLIC

1758344

5.27

 

Total

33336568

100.00%

 

INDUSTRY OUTLOOK

The start of the financial year 2021-22 was challenging with the Covid-19 2nd wave forcing many states to declare stringent lockdown, shortage of semiconductors led to a lowering of production by several firms from diverse industries. The scenario changed in the 2nd half of the year and operations got normalized with the vaccination drive, demand got picked up and the automotive market did achieve and cross pre-covid levels.


The company has been proactive enough to overcome challenges and has recorded a growth of 39%. The company’s revenue from operation for FY21-22 was ` 1059.7 Lakhs, as compared to `763.5 Lakhs in the previous financial year. The company’s Export grew 42% to Rs. 204 Lakhs in FY21-22 from 143 Lakhs in FY20-21.

The further company was cautious about its growth to keep in mind profit margins and has taken efforts to take price increases from customers, cost-saving projects, reduction in rejection, and improvement in productivity to mitigate input cost increases.

During the year company invested in a new project, the High-Pressure Moulding line. This investment will add a new product line to the company’s existing capability and add a parallel revenue stream to the company’s existing business line ensuring stability with growth.

The company has recorded Earnings Before Interest, Tax, Depreciation & Amortization at ` 64.8 MINR as compared to ` 26.4 MINR in the previous year.

PROFIT & LOSS STATEMENT OF ANAND I POWER LIMITED (In Lakhs)

(As of 31-03-2019 to 31-03-2022)

Particular

2022

2021

2020

2019

Income

 




Revenue from Operations

        10,597

7,635

8,266

10071

Other Income

186

48

80

57

Total Revenue

10,783

7,683

8,346

10129

Expenses

 




Cost of materials consumed

4,432

2,428

2,607

3591

Changes in inventories of finished goods, work-in-progress and stock-in-trade

(500)

271

584

(273)

Employee Benefits Expense

2,167

1,922

2,148

2338

Finance Costs

253

240

245

231

Depreciation and amortization expense

335

300

316

341

Other Expenses

4,036

2,798

3,220

4316

Total Expenses

10,723

7,959

9,120

10544

Profit before exceptional items and taxes

60

(276)

(774)

(415)

Exceptional item

(41)

(245)

-

-

Profit /(Loss) before tax

19

(521)

(774)

(415)

Tax expenses

 




Current tax

-

-

-

-

Deferred tax

-

-

-


Tax adjustment of earlier years

3

(14)

-


Total tax expense

3

(14)

-

(112)

Profit /(Loss) for the year

16

(507)

(774)

(303)

Other comprehensive income / (expenses)





Items that will not be reclassified to profit or (loss)





Re-measurement of post-employment benefit obligations

(50)

9

(20)

(30)

Income tax relating to this item

-

-

-

-

Other comprehensive income/(expenses) for the year, net of tax

(50)

9

(20)

(30)

Total comprehensive income/ (loss) for the year

(36)


(499)

(794)

(333)

Earning Per Equity Share





Basic

(0.11)

(1.50)

(2.38)

(1.00)

Diluted

(0.11)

(1.50)

(2.38)

(1.00)








BALANCE SHEET OF ANAND I POWER LIMITED (In Lakhs)

(As of 31-03-2019 to 31-03-2022)

PARTICULARS

2022

2021

2020

2019

Equity and Liabilities

 




Equity

 




Share Capital

333

333

333

333

Other Equity & Reserves





Reserves and surplus

1,356

1,392

1,890

2684

Equity component of financial instrument

428

428

-

-

Total Equity

2,117

2,153

2,223

3017

Liabilities

 




Non-Current Liabilities

 




Financial liabilities

 




Borrowings

3,405

1,705

20

-

Lease liabilities

2

5

8

16

Provisions

315

286

320

291

 Total Non-Current Liabilities

3,722

1,996

348

307

Current Liabilities

 




Financial liabilities





Borrowings

1,371

1,625

1,925

2000

Trade payables





- Total outstanding dues of micro and small enterprises

30

84

86

92

- Total outstanding dues other than above

2,127

1,392

1,940

2422

Lease liabilities

3

3

8

7

Other financial liabilities

1,426

1,129

1,236

1381

Other current liabilities

360

255

185

233

Provisions

100

113

109

101

Total current liabilities 

5,417

4,601

5,489

6236

Total Liabilities

9,139

6,597

5,837

6643

Total equity and liabilities

11,256

8,750

8,060

9560

Assets

 




Non-Current Assets

 




Property, Plant and Equipment

5,461

2,505

3,057

3297

Right-of-use assets

28

32

40

50

Capital work-in-progress

460

1725

-

12

Other intangible assets

11

13

9

13

Financial assets





Investment

168

-

-

-

Loans

25

21

22

22

Other financial assets

5

5

5

-

Income tax assets (net)

347

636

652

633

Other non-current assets

605

753

398

383

Total non-current assets

7110

5,690

4183

4410

Current assets

 




Inventories

2,004

1,328

1750

2414

Trade receivables

1,898

1,434

1780

2446

Cash and cash equivalents

43

58

104

64

Bank balances other than (b)above

3

8

11

-

Loans

7

3

41

44

Other financial assets

13

24

36

53

Other financial assets

159

181

155

129

Assets classified as held for sale

17

24

-

-

Total current assets

4,145

3,060

3877

5,150

Total Assets

11,256

8,750

8060

9,560

 

 




 

 





DIVIDEND AND RETAINED EARNINGS

(As of 31-03-2019 to 31-03-2022)

Particulars

2022

2021

2020

2019


Dividend

Nil

Nil

Nil

Nil

 

Retained Earnings (In Rs. Lakhs)

(1,540)

(1,508)

(1,012)

(220)


 

PERFORMANCE OF THE COMPANY

Revenue from Operations Increased from Rs.7,635 Lakhs in FY 2021 to Rs. 10,597 Lakhs in FY 2022, showing an increase of 38.80% as compared to the previous financial year.


Finance Cost has risen significantly from Rs.253 Lakhs in FY 2021 to Rs. 240 Lakhs in FY 2022.


In FY 2022, Company’s Net loss stood at Rs. 36 Lakhs as against the net loss of Rs. 499 Lakhs in FY 2021.


The Current Ratio of the company as of 31st March 2022 was 0.77%.

 

The debt to equity ratio of the company as of 31st March 2022 was 1.50%.


The Company has not paid dividends in the last 4 years.



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