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×

apex auto Limited

150.00
+ 0.00 %
Scrip Name
Apex Auto
ISIN No.
INE756H01014
PAN No.
AABCA3932D
Face Value
10
No. of Outstanding Shares
5,534,000
Market Capitalization
83.01 Crore

APEX AUTO LIMITED UNLISTED SHARE 


Established on 8th August 1994, APEX AUTO LIMITED is registered at Registrar of Companies (ROC), roc-Jharkhand with an Authorized Share Capital of ₹ 12,50,00,000 and paid-up capital is ₹ 55,34,00,000.


The company is engaged in the business of Manufacturing and Selling Excavators Parts & Fabricated Structures. Apex is the largest Indian manufacturer of finished fabricated structures for the earth-moving and construction equipment industry in India. The Company presently manufactures components for top-selling excavators, backhoe loaders, cranes, compactors, transit mixers, and underground drilling, crushing & screening equipment for the domestic and international market.


Apex also caters to the structural requirements of defense, metro and rail transportation companies. The Company has 5 plants located across India in Jamshedpur, Dharwad, Bangalore, and Kharagpur with a capacity to process over 40,000 tons of steel per annum and a team of over 1200 driven employees.



Products/Services of the Company are-

1. Earthmoving Equipment-


 The Company offers complete solutions to oems in kit forms with Mainframes, Track frames, Booms, Arms, and Buckets for top-selling excavators & backhoe loaders.

 

2. Road & Concrete Mixing-


Apex has supplied structures for concrete mixers and pavers to world majors like Putzmeister, Atlas Copco, and Lebarero.

 

3. Lifting & Handling-


  Apex manufactures structures for heavy-duty cranes.


4. Mining & Crushing-


 The Company manufactures a wide range of crushing and screening equipment to world majors like Metso Minerals, Terex and Atlas Copco.

5. Rail & Metro-


Apex also caters to the structural requirements of metro and rail transportation companies.


INCORPORATION DETAILS

 

CIN

U34201JH1994PLC006028

Registration Date

    08/08/1994

Company Name

APEX AUTO LIMITED

Email Address

info@apexautoltd.com

Category/Sub-category of the Company

Company Limited by Shares

Registration Number

006028

Address of the Registered office & contact details

M-1, 2 & 3 (P), 20, Phase-VII,

Industrial Area, Adityapur

 Jamshedpur– 832109

Phone : 2200715, 2202041

Fax : (0657) 2200010

 Email : info@apexautoltd.com

Company Secretary & Compliance Officer

Mr. Rajesh Mittal

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

M C S Share Transfer Agent Ltd.

 (Unit : Apex Auto Limited)

383, Lake Gardens, 1st Floor,

Kolkata – 700026

Ph. : 2454-1892-93

 

BOARD OF DIRECTORS

 

S.NO.

Name of the Directors

Category

1.

Mr. Atul R. Taunk

Managing Director

2.

Ms. Anahita A. Taunk

Director

3.

Ms. Shayal A Taunk

Chief Financial Officer

4.

Mr. Rajesh Mittal

Company Secretary

 

Principal Business Activities Of the Company

Name & Description of main products/services

NIC Code of the Product /service

% to total turnover of the company

Excavator Parts

29244

83.49%

 

SHAREHOLDING PATTERN

(As on 31-03-2021)

S. No.

Shareholder’s Category

No. of Shares

% of total Shares of the company

1.

PROMOTERS

3011950

54.43%

2.

PUBLIC

2522050

45.57%

3.

TOTAL

5534000

100%

 

INDUSTRY OUTLOOK

In this challenging and dynamic environment, the Company has delivered a reasonably good performance. The loss of volumes at the beginning of the financial year 2020-21 due to lockdown, was recovered.

Due to strong demand in the second half of the year. The company’s turnover increased by 4% during the year despite poor demand in the first half of 2020-21 due to pandemics. The PBT increased by 32% and PAT increased by 31%.

Over the years, Apex has relied on its strong partnerships with OEM customers. It has been a continuous endeavor and commitment to supporting their growth. The business strategy for the future will focus on capability building and technology improvements. Apex plans to further leverage its fabrication capabilities and presence in different locations of the country by entering the sectors of defense, aviation, and power.


PROFIT & LOSS STATEMENT OF APEX AUTO LIMITED (Amount in Rs.)

(As of 31-03-2019 to 31-03-2021)

Particular

2021

2020

2019

Income


 


Revenue from Operations

1,91,34,89,076

1,83,99,96,859

2,48,38,04,836

Other Income

76,57,609

53,74,659

25,96,168

Total Income

1,92,11,46,685

1,84,53,71,518

2,48,64,01,004

Expenses


 


Cost of Materials Consumed

1,06,16,09,701

98,23,59,423

1,46,50,49,680

Changes in Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade

(4,39,69,602)

1,92,62,356


3,07,96,906



Employee Benefits Expense

14,73,48,379


14,32,88,742

14,08,00,818

Finance Costs

8,43,11,732

7,96,36,146

11,02,32,954

Depreciation and amortization expense

8,01,14,677


7,68,01,564

7,59,53,286

Other Expenses

43,15,37,926

41,92,73,657

54,06,66,173

Total Expenses

1,76,09,52,813

1,72,06,21,889

2,36,34,99,817

Profit Before Exceptional Items & Tax 

16,01,93,872

 

12,47,49,629

12,29,01,187

Exceptional Items

(19,98,982)

(50,36,289)

6,48,90,140

Exceptional Items


 


Profit Before Tax

15,81,94,890

11,97,13,339

18,77,91,327

Income Tax Expense




Current tax

2,76,39,812

2,09,16,315

1,37,80,483

Deferred tax

4,75,49,163

3,52,37,595

4,81,95,837

Total Tax


 


Profit/Loss for the year 

8,30,05,915

6,35,59,430

12,58,15,007

Earnings Per Equity Share of ` 10 each




Basic

14.96

11.40

20.88

Diluted

14.96

11.40

20.88


 BALANCE SHEET OF APEX AUTO LIMITED (Amount in Rs.)

(As of 31-03-2019 to 31-03-2021)

PARTICULARS

2021

2020

2019

Equity and Liabilities

 

 


Share Capital

11,78,03,000

11,78,03,000

11,78,03,000

Other Equity

86,95,64,619

75,91,54,581

67,51,35,061

Total Equity

98,73,67,619

87,69,57,581

79,29,38,061

Non-Current Liabilities




Financial Liabilities

 

 


 Long term  Borrowings

42,16,82,780

41,44,92,805

40,27,28,462

 Other Long term Liabilities

3,72,34,296

42,55,256

42,55,256

Long-term provisions

1,93,38,836

1,73,68,837

1,31,15,179

Deferred tax liability (net)

6,84,68,306

2,09,19,143


Current Liabilities




Financial Liabilities




 Short Term Borrowings

7,91,38,418

11,57,99,783

13,26,91,760

Trade payables

45,27,92,849

29,76,98,249

36,26,00,471

Other current liabilities

15,56,32,610

13,26,01,340

15,34,27,155

Short-term provisions

45,50,305

42,93,148

99,77,587

Total  Current Liabilities

69,21,14,182

55,03,92,520

65,86,96,973

Total Liabilities 

2,22,62,06,021

1,88,43,86,143

1,87,17,33,931

Assets 




Non-Current Assets




Tangible Assets

1,20,50,21,132

1,14,30,62,254

1,06,28,21,819

Intangible Assets

4,64,455

4,64,455

4,64,455

Capital work-in-progress

1,14,63,168

2,79,63,145

2,27,03,504

Non Current Investments

1,24,50,000

1,24,50,000

1,24,50,000

Deferred Tax Asset

1,51,96,244

1,71,62,184

1,43,18,452

Long Term Loans and Advances

6,32,32,317

3,55,92,505

3,04,40,916

Other Non Current Assets

-

-

1,46,76,190

Current Assets




Inventories

55,16,96,641

35,51,29,840

38,83,09,639

Trade Receivables

26,08,44,604

18,76,57,945

23,68,64,159

Cash and Cash Equivalents

6,04,00,065

7,13,69,010

6,21,74,987

Short Term Loans and Advances

2,28,34,641

2,38,08,902

1,29,60,019

Other Current Assets

2,26,02,756

97,25,904

1,35,49,791

Total  current Assets

91,83,78,707

64,76,91,601

71,38,58,595

Total Assets

2,22,62,06,021

1,88,43,86,143

1,87,17,33,931


DIVIDEND AND RETAINED EARNINGS

(As of 31-03-2019 to 31-03-2021)

Particulars

2021

2020

2019

Dividend

Nil

Nil

Nil

Retained Earnings (In Rs. )

Nil

Nil

Nil


PERFORMANCE OF THE COMPANY

Income from Operations increased from Rs. 1,83,99,96,859 in FY 2020 to Rs. 1,91,34,89,076 in FY 2021, showing an increase of 3.99% as compared to previous financial year.


Finance Cost has been increased from Rs. 7,96,36,146 in FY 2020 to Rs. 8,43,11,732 in FY 2021.


In FY 2021, Company’s Net Profit stood at Rs. 8,30,05,915, 30.59% Higher than the Net profit of Rs. 6,35,59,430 in FY 2020.


The Current Ratio of the company as of 31st March 2021 was 1.33.

 

The debt to equity ratio of the company as of 31st March 2021 was 1.25.

The company has not paid dividends in the last 3 years.



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