ATLAS COPCO (INDIA) LIMITED UNLISTED SHARE
formed on January 28, 1960, Atlas Copco (India) Limited is registered with the Registrar of Companies in Pune, Maharashtra. The company's paid-up share capital is Rs. 21,73,90,064, and its authorized equity share capital is Rs. 25,00,00,000. As per the NCLAT order dated December 10, 2019, NCLAT approved the reduction of capital of the company. Minority shareholders received consideration @ Rs.2100/- per share. Only a few shareholders are able to keep their shareholding intact.
The following are the products and services offered by the company:-
INCORPORATION DETAILS
CIN | U27106PN1960PLC020566 |
Registration Date | 28 January 1960 |
Company Name | ATLAS COPCO (INDIA) LIMITED |
Email Address | contactus@atlascopco.com |
Category/Sub-category of the Company | Company Limited by Shares/Non-Government Company |
Class of Company | Public Company |
Registration Number | 20566 |
Address of the Registered office & contact details | Sveanagar, Mumbai-Pune Road, Dapodi, Pune-411012. Dapodi, Pune-411012. Mh 411012 |
Address and Contact details of Registrar Transfer Agent | KFin Technologies Pvt. Ltd. (Formerly known as Karvy Fintech Pvt. Ltd.), Karvy Selenium Tower B, Plot No. 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500 032 |
Listing Status | Unlisted |
PARTICULAR OF HOLDING COMPANIES
S. No. | Name of the Company | Holding | % of shares held |
1. | Atlas Copco AB | Holding | 96.32% |
BOARD OF DIRECTORS
S. No. | Name of Directors | Category of Directors |
1. | Mr. Hugo Kinnart | Director |
2. | Additional Director | |
3. | Director | |
4. | Director | |
5. | Director |
Principal Business Activities of the Company
S. No. | Name & Description of main products/services | NIC Code of the Product /service | % of the total turnover of the company |
1. | Manufacture of pumps, compressors, taps, and valves | 2813 | 67% |
2. | Manufacture of mining/quarrying and construction machinery | 2824 | 19% |
3. | Manufacture of power-driven hand tools | 2818 | 14% |
TOTAL | 100.00% |
SHAREHOLDING PATTERN
(As on 31-03-2021)
S. No. | Shareholder’s Category | No. of Shares | % of total Shares of the company |
1 | Promoter and Promoters Group | 2,17,31,947 | 96.33% |
2 | Public | 8,29,617 | 3.67% |
| Total | 2,25,61,564 | 100.00% |
Industry Outlook
The outbreak of the COVID-19 pandemic since Q4 of FY 2019-20 has had an impact on both the global and Indian economies. The company has maintained consistent business volumes throughout the year, with revenues matching Pre-Covid levels at the end of the year. Companies management believes that it has assessed and taken into account all of the known consequences of these events. It is taking a number of measures, including close collaboration with customers and suppliers, to mitigate significant negative impacts. With the exception of the lockdown imposed in Q1 FY 2020-21, it has maintained consistent business volumes throughout the year.
The spread of COVID-19 has a significant impact on business in many countries, including India. The Company assessed its liquidity, recoverable values of financial and non-financial assets, and regulatory exposures across businesses. No material adjustments to the financial statements are required.
PROFIT & LOSS STATEMENT OF ATLAS COPCO (INDIA) (Rs. in Million)
(As of 31-03-2019 to 31-03-2021)
Particular | 2021 | 2020 | 2019 |
INCOME | |||
Revenue from operations | 29,284.59 | 28,922.07 | 26,751.43 |
Other income | 266.33 | 419.66 | 326.02 |
Total Income | 29,550.92 | 29,341.73 | 27,077.45 |
EXPENSES | |||
Cost of raw material consumed | 10,007.47 | 10,786.82 | 8,950.43 |
Purchases of stock-in-trade | 5,955.20 | 7,414.96 | 6,941.48 |
Changes in inventories of finished goods, work-in-progress & stock-in-trade | 1,216.84 | (1,663.15) | (585.59) |
Employee benefit expenses | 3,189.68 | 2,988.19 | 2,688.13 |
Finance cost | 101.66 | 98.56 | 51.52 |
Depreciation and amortisation expenses | 570.62 | 550.75 | 257.91 |
Other expenses | 4,040.91 | 4,476.00 | 3,985.93 |
Total Expenses | 25,082.38 | 24,652.13 | 22,289.81 |
Profit before tax | 4,468.54 | 4,689.60 | 4,787.64 |
TAX EXPENSES | |||
Current tax expense | 1,348.01 | 1,207.95 | 1,647.80 |
(Excess) / short provision for tax relating to prior years | (88.92) | (102.96) | (182.11) |
Deferred tax (credit) / charge | (39.92) | 98.08 | 69.71 |
Total tax expense | 1,219.17 | 1,203.07 | 1,535.40 |
Profit after tax | 3,249.37 | 3,486.53 | 3,252.20 |
Other Comprehensive Income | |||
An item that will not be reclassified to Profit and Loss in subsequent periods | |||
Remeasurement of defined benefit plans | 35.45 | (17.26) | 8.06 |
Income tax related to the above item | (8.92) | 4.34 | (2.82) |
Total Other Comprehensive Income | 26.53 | (12.92) | 5.24 |
Total Comprehensive Income | 3,275.90 | 3,473.61 | 3,257.44 |
Earnings per equity share: | |||
Earnings per equity share (Basic) | 148.52 | 154.53 | 144.15 |
Earnings per equity share (Diluted) | 148.52 | 154.53 | 144.15 |
BALANCE SHEET OF ATLAS COPCO (INDIA) (Rs. in Million)
(As of 31-03-2019 to 31-03-2021)
PARTICULARS | 2021 | 2020 | 2019 |
ASSETS: | |||
Non-Current Assets: | |||
Property, plant, and equipment | 1,528.79 | 1,590.58 | 1,573.88 |
Capital work-in-progress | 5.40 | 12.85 | 12.55 |
Other intangible assets | 144.87 | 116.69 | 53.26 |
Intangible assets under development | 31.89 | 40.95 | 27.14 |
Right to use assets | 524.05 | 659.15 | - |
Financial assets | |||
Trade receivables | - | - | - |
Other financial assets | 107.53 | 93.53 | 66.20 |
Deferred tax asset (Net) | 245.35 | 214.35 | 308.09 |
Other assets | 994.93 | 1,047.02 | 907.93 |
Total Non-Current Assets | 3,582.81 | 3,775.12 | 2,949.05 |
Current Assets: | |||
Inventories | 5,824.69 | 6,743.96 | 4,994.33 |
Financial assets: | |||
Investments | 5,094.86 | 1,162.52 | 3,931.53 |
Trade receivables | 5,980.19 | 5,718.65 | 5,228.78 |
Cash and bank balances | 322.11 | 254.64 | 374.01 |
Bank balances other than above | 114.11 | 1,797.79 | 107.69 |
Other current financial assets | 341.71 | 125.41 | 56.89 |
Other current assets | 840.87 | 1,061.45 | 1,002.18 |
Assets held for sale | - | 58.60 | - |
Total Current Assets | 18,518.54 | 16,923.02 | 15,695.41 |
TOTAL ASSETS | 22,101.35 | 20,698.14 | 18,644.46 |
EQUITY AND LIABILITIES: | |||
EQUITY: | |||
Equity share capital | 217.39 | 225.62 | 225.62 |
Other equity | 12,205.11 | 12,089.17 | 10,483.82 |
Total equity | 12,422.50 | 12,314.79 | 10,709.44 |
LIABILITIES: | |||
Non-Current Liabilities: | |||
Financial liabilities | |||
Lease liabilities | 330.96 | 476.93 | - |
Provisions | 38.80 | 131.06 | 268.65 |
Total Non-Current Liabilities | 369.76 | 607.99 | 268.65 |
Current Liabilities: | |||
Financial liabilities | |||
Borrowings | - | 2.36 | 952.22 |
Lease liabilities | 243.53 | 222.08 | - |
Trade payables | |||
Dues to micro and small enterprise | 60.75 | 59.38 | 7.82 |
Dues to creditors other than micro and small enterprise | 6,127.09 | 5,095.69 | 4,105.56 |
Other financial liabilities | 154.49 | 138.64 | 137.75 |
Provisions | 1,166.08 | 649.82 | 669.21 |
Other current liabilities | 1,266.81 | 1,377.60 | 1,460.48 |
Current tax liabilities (Net) | 290.34 | 224.06 | 333.33 |
Liabilities directly associated with the assets held for sale | - | 5.73 | - |
Total Current Liabilities | 9,309.09 | 7,775.36 | 7,666.37 |
Total Liabilities | 9,678.85 | 8,383.35 | 7,935.02 |
TOTAL EQUITY AND LIABILITIES | 22,101.35 | 20,698.14 | 18,644.46 |
DIVIDEND AND RETAINED EARNINGS
(As of 31-03-2019 to 31-03-2021)
Particulars | 2021 | 2020 | 2019 |
Dividend (Rs. Per share) | 140 | 70 | 70 |
Retained Earnings (Rs. In Million) | 12,185.32 | 12,069.38 | 10,478.35 |
PERFORMANCE OF THE COMPANY
Revenue from operations increased from Rs. 28,922.07 Million in FY 2020 to Rs. 29,284.59 Million in FY 2021, showing a growth of 1.25% as compared to the previous financial year.
Finance Cost has increased from Rs. 98.56 Million in FY 2020 to Rs. 101.66 Million in FY 2021 showing a growth of 3.14% as compared to the previous financial year.
In FY 2021, Company’s Net profit stood at Rs. 3,249.37 Million, 6.80% lower than the net profit of Rs. 3,486.53 Million in FY 2020 as compared to the previous financial year.
The current Ratio of the company as of 31st March 2021 was 1.98.
The debt to equity ratio of the company as of 31st March 2021 was 0.77.
The Company paid a dividend of Rs. 140 in the financial year 2020-21.
ATLAS COPCO (INDIA) LIMITED UNLISTED SHARE
formed on January 28, 1960, Atlas Copco (India) Limited is registered with the Registrar of Companies in Pune, Maharashtra. The company's paid-up share capital is Rs. 21,73,90,064, and its authorized equity share capital is Rs. 25,00,00,000.
The following are the products and services offered by the company:-
INCORPORATION DETAILS
CIN | U27106PN1960PLC020566 |
Registration Date | 28 January 1960 |
Company Name | ATLAS COPCO (INDIA) LIMITED |
Email Address | contactus@atlascopco.com |
Category/Sub-category of the Company | Company Limited by Shares/Non-Government Company |
Class of Company | Public Company |
Registration Number | 20566 |
Address of the Registered office & contact details | Sveanagar, Mumbai-Pune Road, Dapodi, Pune-411012. Dapodi, Pune-411012. Mh 411012 |
Address and Contact details of Registrar Transfer Agent | KFin Technologies Pvt. Ltd. (Formerly known as Karvy Fintech Pvt. Ltd.), Karvy Selenium Tower B, Plot No. 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500 032 |
Listing Status | Unlisted |
PARTICULAR OF HOLDING COMPANIES
S. No. | Name of the Company | Holding | % of shares held |
1. | Atlas Copco AB | Holding | 96.32% |
BOARD OF DIRECTORS
S. No. | Name of Directors | Category of Directors |
1. | Mr. Hugo Kinnart | Director |
2. | Additional Director | |
3. | Director | |
4. | Director | |
5. | Director |
Principal Business Activities of the Company
S. No. | Name & Description of main products/services | NIC Code of the Product /service | % to total turnover of the company |
1. | Manufacture of pumps, compressors, taps and valves | 2813 | 67% |
2. | Manufacture of mining/quarrying and construction machinery | 2824 | 19% |
3. | Manufacture of power-driven hand tools | 2818 | 14% |
TOTAL | 100.00% |
SHAREHOLDING PATTERN
(As on 31-03-2021)
S. No. | Shareholder’s Category | No. of Shares | % of total Shares of the company |
1 | Promoter and Promoters Group | 2,17,31,947 | 96.33% |
2 | Public | 8,29,617 | 3.67% |
| Total | 2,25,61,564 | 100.00% |
Industry Outlook
The outbreak of the COVID-19 pandemic in Q4 of FY 2019-20 had an impact on both the global and Indian economies. The company has maintained consistent business volumes throughout the year, with revenues matching Pre-Covid levels at the end of the year. Companies management believes that it has assessed and taken into account all of the known consequences of these events. It is taking a number of measures, including close collaboration with customers and suppliers, to mitigate significant negative impacts. With the exception of the lockdown imposed in Q1 FY 2020-21, it has maintained consistent business volumes throughout the year.
The spread of COVID-19 has a significant impact on business in many countries, including India. The Company assessed its liquidity, recoverable values of financial and non-financial assets, and regulatory exposures across businesses. No material adjustments to the financial statements are required.
PROFIT & LOSS STATEMENT OF ATLAS COPCO (INDIA) (Rs. in Million)
(As of 31-03-2019 to 31-03-2021)
Particular | 2021 | 2020 | 2019 |
INCOME | |||
Revenue from operations | 29,284.59 | 28,922.07 | 26,751.43 |
Other income | 266.33 | 419.66 | 326.02 |
Total Income | 29,550.92 | 29,341.73 | 27,077.45 |
EXPENSES | |||
Cost of raw material consumed | 10,007.47 | 10,786.82 | 8,950.43 |
Purchases of stock-in-trade | 5,955.20 | 7,414.96 | 6,941.48 |
Changes in inventories of finished goods, work-in-progress & stock-in-trade | 1,216.84 | (1,663.15) | (585.59) |
Employee benefit expenses | 3,189.68 | 2,988.19 | 2,688.13 |
Finance cost | 101.66 | 98.56 | 51.52 |
Depreciation and amortization expenses | 570.62 | 550.75 | 257.91 |
Other expenses | 4,040.91 | 4,476.00 | 3,985.93 |
Total Expenses | 25,082.38 | 24,652.13 | 22,289.81 |
Profit before tax | 4,468.54 | 4,689.60 | 4,787.64 |
TAX EXPENSES | |||
Current tax expense | 1,348.01 | 1,207.95 | 1,647.80 |
(Excess) / short provision for tax relating to prior years | (88.92) | (102.96) | (182.11) |
Deferred tax (credit) / charge | (39.92) | 98.08 | 69.71 |
Total tax expense | 1,219.17 | 1,203.07 | 1,535.40 |
Profit after tax | 3,249.37 | 3,486.53 | 3,252.20 |
Other Comprehensive Income | |||
An item that will not be reclassified to Profit and Loss in subsequent periods | |||
Remeasurement of defined benefit plans | 35.45 | (17.26) | 8.06 |
Income tax related to the above item | (8.92) | 4.34 | (2.82) |
Total Other Comprehensive Income | 26.53 | (12.92) | 5.24 |
Total Comprehensive Income | 3,275.90 | 3,473.61 | 3,257.44 |
Earnings per equity share: | |||
Earnings per equity share (Basic) | 148.52 | 154.53 | 144.15 |
Earnings per equity share (Diluted) | 148.52 | 154.53 | 144.15 |
BALANCE SHEET OF ATLAS COPCO (INDIA) (Rs. in Million)
(As of 31-03-2019 to 31-03-2021)
PARTICULARS | 2021 | 2020 | 2019 |
ASSETS: | |||
Non-Current Assets: | |||
Property, plant, and equipment | 1,528.79 | 1,590.58 | 1,573.88 |
Capital work-in-progress | 5.40 | 12.85 | 12.55 |
Other intangible assets | 144.87 | 116.69 | 53.26 |
Intangible assets under development | 31.89 | 40.95 | 27.14 |
Right to use assets | 524.05 | 659.15 | - |
Financial assets | |||
Trade receivables | - | - | - |
Other financial assets | 107.53 | 93.53 | 66.20 |
Deferred tax asset (Net) | 245.35 | 214.35 | 308.09 |
Other assets | 994.93 | 1,047.02 | 907.93 |
Total Non-Current Assets | 3,582.81 | 3,775.12 | 2,949.05 |
Current Assets: | |||
Inventories | 5,824.69 | 6,743.96 | 4,994.33 |
Financial assets: | |||
Investments | 5,094.86 | 1,162.52 | 3,931.53 |
Trade receivables | 5,980.19 | 5,718.65 | 5,228.78 |
Cash and bank balances | 322.11 | 254.64 | 374.01 |
Bank balances other than above | 114.11 | 1,797.79 | 107.69 |
Other current financial assets | 341.71 | 125.41 | 56.89 |
Other current assets | 840.87 | 1,061.45 | 1,002.18 |
Assets held for sale | - | 58.60 | - |
Total Current Assets | 18,518.54 | 16,923.02 | 15,695.41 |
TOTAL ASSETS | 22,101.35 | 20,698.14 | 18,644.46 |
EQUITY AND LIABILITIES: | |||
EQUITY: | |||
Equity share capital | 217.39 | 225.62 | 225.62 |
Other equity | 12,205.11 | 12,089.17 | 10,483.82 |
Total equity | 12,422.50 | 12,314.79 | 10,709.44 |
LIABILITIES: | |||
Non-Current Liabilities: | |||
Financial liabilities | |||
Lease liabilities | 330.96 | 476.93 | - |
Provisions | 38.80 | 131.06 | 268.65 |
Total Non-Current Liabilities | 369.76 | 607.99 | 268.65 |
Current Liabilities: | |||
Financial liabilities | |||
Borrowings | - | 2.36 | 952.22 |
Lease liabilities | 243.53 | 222.08 | - |
Trade payables | |||
Dues to micro and small enterprise | 60.75 | 59.38 | 7.82 |
Dues to creditors other than micro and small enterprise | 6,127.09 | 5,095.69 | 4,105.56 |
Other financial liabilities | 154.49 | 138.64 | 137.75 |
Provisions | 1,166.08 | 649.82 | 669.21 |
Other current liabilities | 1,266.81 | 1,377.60 | 1,460.48 |
Current tax liabilities (Net) | 290.34 | 224.06 | 333.33 |
Liabilities directly associated with the assets held for sale | - | 5.73 | - |
Total Current Liabilities | 9,309.09 | 7,775.36 | 7,666.37 |
Total Liabilities | 9,678.85 | 8,383.35 | 7,935.02 |
TOTAL EQUITY AND LIABILITIES | 22,101.35 | 20,698.14 | 18,644.46 |
DIVIDEND AND RETAINED EARNINGS
(As of 31-03-2019 to 31-03-2021)
Particulars | 2021 | 2020 | 2019 |
Dividend (Rs. Per share) | 140 | 70 | 70 |
Retained Earnings (Rs. In Million) | 12,185.32 | 12,069.38 | 10,478.35 |
PERFORMANCE OF THE COMPANY
Revenue from operations increased from Rs. 28,922.07 Million in FY 2020 to Rs. 29,284.59 Million in FY 2021, showing a growth of 1.25% as compared to the previous financial year.
Finance Cost has increased from Rs. 98.56 Million in FY 2020 to Rs. 101.66 Million in FY 2021 showing a growth of 3.14% as compared to the previous financial year.
In FY 2021, Company’s Net profit stood at Rs. 3,249.37 Million, 6.80% lower than the net profit of Rs. 3,486.53 Million in FY 2020 as compared to the previous financial year.
The Current Ratio of the company as of 31st March 2021 was 1.98.
The debt to equity ratio of the company as of 31st March 2021 was 0.77.
The Company paid a dividend of Rs. 140 in the financial year 2020-21.
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