C&S ELECTRIC LIMITED UNLISTED SHARE
Established on 15 June 1971, C & S Electric Limited is registered at the Registrar of Companies, Delhi. Its authorized share capital is Rs. 71,00,00,000 and its paid-up capital is Rs. 44,26,80,608. C & S Electric Limited is India's largest exporter of industrial switchgear and one of the country's leading electrical equipment providers. The Company's operations and principal activities include manufacturing and business of electrical switchgear, control gears, contactors, miniature circuit breakers (MCBs), electrical and electronic panels, protection and measurement devices, bus ducts, bus trunkings, wiring products, etc.
C&S Electric is a market leader in the power busbar sector and one of the top four players in the LV switchgear industry. MV switchgear, energy-efficient lighting systems, and diesel-generating sets are also among the company's product portfolios.
C&S Electric offers an electrical contracting division that provides turnkey solutions for industrial and commercial electrification, substations, and power plants, in addition to its solar EPC company. C&S Electric was also the second firm in India to develop and build a solar PV power system that was connected to the grid.
Products & Services-
INCORPORATION DETAILS
CIN | |||
Registration Date | 15-June-1971 | ||
Company Name | C&S ELECTRIC LIMITED | ||
Email Address | info@cselectric.co.in | ||
Category/Sub-category of the Company | Company limited by Shares/Non-govt company | ||
Registration Number | 5672 | ||
Address of the Registered office & contact details | 222, Okhla Industrial Estate, Phase III New Delhi 110020 Telephone: +91 11 3384 9000-09 Fax: +91 11 26847342 | ||
Company Secretary & Compliance Officer | Anup Sobti | ||
Name, Address & contact details of the Registrar & Transfer Agent, if any | N.A. |
PARTICULARS OF HOLDING, SUBSIDIARY & ASSOCIATE COMPANIES
S.NO. | Name Of The Company | Category | %Of Shares Held |
1. | EON Telesystems Private Limited | SUBSIDIARY | 100% |
2. | Eta-com Middle East (FZE) | SUBSIDIARY | 100% |
3. | C&S (Nantong) Electric Limited | SUBSIDIARY | 100% |
4. | C&S Electric U.K. Limited | SUBSIDIARY | 100% |
5. | C&S Electric International B.V | SUBSIDIARY | 100% |
6. | Eta-Com B.V. | SUBSIDIARY | 100% |
7. | Eta Bim NV | SUBSIDIARY | 100% |
8. | Eta-Com B NV | SUBSIDIARY | 100% |
9. | Eta-Com Deutschland GmbH | SUBSIDIARY | 100% |
10. | Eta-Com UK Preedcrete Limited | SUBSIDIARY | 100% |
11. | Eta-com Middle East (FZE) | SUBSIDIARY | 100% |
BOARD OF DIRECTORS
S.NO. | Name of the Directors | Category |
1. | Prakash Kumar Chandraker | Managing Director & CEO |
2. | Siddharth Kasera | Director |
3. | Manav Adlakha | Chief Financial Officer |
4. | Anup Sobti | Company Secretary |
5. | Mehernosh Behram Kapadia | Director |
6. | Sunil Das Mathur | Director |
7. | Andreas Horest Matthe | Director |
8. | Rumjhum Chaterjee | Director |
INDUSTRY OUTLOOK
The performance of the Company was impacted due to the COVID-19 pandemic, which caused disruption in the supply chain, capacity underutilization, and logistics issues arising out of COVID-19. The Company continues to maintain a healthy order book as on 30th September 2021. The Company's focus market segments of Data Centre, Oil, and gas, retail, and infrastructure, are showing revival trends and the Company is well positioned to capitalize on the opportunities. The operations might be affected due to Covid third wave.
PROFIT & LOSS STATEMENT C&S ELECTRIC LIMITED (Amount in Millions)
(As of 31-03-2020 to 31-03-2021)
Particular | 2021 | 2020 |
INCOME |
| |
Revenue from Operations | 8,419.28 | 9,631.60 |
Other Income | 144.67 | 116.90 |
TOTAL REVENUE | 8,563.95 | 9,748.50 |
EXPENSES | ||
Cost Of Materials Consumed | 4,954.28 | 5,406.26 |
Purchases of stock-in-trade | 14.48 | 27.44 |
Changes in Inventories of finished goods | 6.03 | (195.33) |
Employee Benefits Expense | 1,325.54 | 1,522.59 |
Finance Costs | 245.81 | 277.76 |
Depreciation and amortization expense | 325.93 | 246.06 |
Provision for impairment of Investment | 79.71 | 79.71 |
Other Expenses | 2,539.35 | 1,817.48 |
TOTAL EXPENSES | 9,491.13 | 9,181.97 |
PROFIT BEFORE EXCEPTIONAL ITEMS & TAX |
| |
Exceptional items before tax | (3.48) | (4.67) |
PROFIT BEFORE TAX | (930.66) | 561.86 |
TAX EXPENSES |
| |
Current Tax | 91.83 | 119.71 |
Deferred Tax | (244.13) | 12.96 |
TOTAL TAX EXPENSE | (152.30) | 132.67 |
PROFIT FOR THE PERIOD / (LOSS) FOR THE YEAR FROM CONTINUING OPERATIONS | (778.36) |
429.19 |
Discontinued operations |
| |
Profit/Loss from discontinued operations | 391.47 | (245.23) |
Tax Credit on discontinued operations | 84.04 | 8.07 |
Profit/Loss after tax from discontinued operations | 307.43 |
(253.30) |
PROFIT /LOSS FOR THE YEAR | (470.93) | 175.89 |
OTHER COMPREHENSIVE INCOME |
| |
In respect of continuing operations |
| |
Items that will not be reclassified to profit and loss |
| |
Remeasurements of the defined benefit liabilities | (4.91) | (31.54) |
Share of other comprehensive income in joint ventures | ||
Income tax relating to items that will not be reclassified to profit or loss | 1.23 | 11.15 |
In respect of the discontinued operation | ||
Items that will not be reclassified to profit or loss | ||
Remeasurements of the defined benefit liabilities | (0.19) | (1.38) |
Share of other comprehensive income in joint ventures | (0.14) | (0.30) |
Income tax relating to items that will not be reclassified to profit or loss | 0.05 | 0.35 |
Items that may be reclassified to profit or loss | ||
Exchange differences in translating the financial statement of a foreign operation | (11.34) | (4.39) |
Income tax relating to items that may be reclassified to profit or loss | - | 1.53 |
OTHER COMPREHENSIVE INCOME | (15.30) | (24.58) |
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | (486.23) | 151.31 |
EARNINGS PER EQUITY SHARE CONTINUING AND DISCONTINUED OPERATIONS | ||
Earnings per share from continuing operations | (17.58) | 9.70 |
Earnings per share from discontinued operations | 6.94 | (5.72) |
Earnings per share from continuing and discontinued operations | (10.64) | 3.97 |
BALANCE SHEET OF C&S ELECTRIC LIMITED (Amount in Millions)
(As of 31-03-2020 to 31-03-2021)
PARTICULARS | 2021 | 2020 |
EQUITY AND LIABILITIES | ||
Share Capital | 442.68 | 442.68 |
Other Equity | 3,594.83 | 4,081.04 |
TOTAL EQUITY | 4,037.51 | 4,523.73 |
NON-CURRENT LIABILITIES | ||
Financial liabilities | ||
Borrowings | 9.81 | 326.45 |
Lease liabilities | 199.11 | - |
Other financial liabilities | 41.31 | 177.58 |
Provisions | 202.61 | 203.97 |
TOTAL NON-CURRENT LIABILITIES | 452.84 | 708 |
CURRENT LIABILITIES | ||
Financial liabilities | ||
Borrowings | 4.78 | 2,528.90 |
Lease liabilities | 45.38 | 40.67 |
Trade Liabilities | ||
Total outstanding dues of micro-enterprises and small enterprises | 464.80 | 352.72 |
Total outstanding dues of creditors other than micro-enterprises and small enterprises | 2,068.66 | 2,588.78 |
Other financial Liabilities | 903.25 | 1,314.17 |
Other Current Liabilities | 355.93 | 447.08 |
Provisions | 178.55 | 19.17 |
Current tax liabilities (net) | 29.44 | - |
TOTAL CURRENT LIABILITIES | 4,050.79 | 7,291.49 |
TOTAL LIABILITIES | 4,503.63 | 7,999.49 |
TOTAL EQUITY AND LIABILITIES | 8,541.14 | 12,523.22 |
ASSETS | ||
NON-CURRENT ASSETS | ||
Property, Plant, and Equipment | 1,536.73 | 2,302.53 |
Right-of-use assets | 282.47 | 272.21 |
Capital Work in Progress | 30.65 | 16.62 |
Goodwill | - | 198.24 |
Other Intangible assets | 15.43 | 101.98 |
Intangible assets under development | - | 1.41 |
Financial assets | ||
Non-current investments | - | 111.80 |
Trade receivables | 9.19 | 6.89 |
Other financial assets | 34.44 | 91.13 |
Deferred tax assets (net) | 222.99 | 32.74 |
Income tax assets (net) | 46.32 | 83.90 |
Other non-current assets | 74.77 | 68.31 |
TOTAL NON-CURRENT ASSETS | 2,253.00 | 3,287.76 |
Current Assets | ||
Inventories | 1,872.89 | 3,197.08 |
Financial assets | ||
Investments | - | 79.71 |
Trade receivables | 2,572.22 | 4,832.81 |
Cash and cash equivalents | 1,436.28 | 522.48 |
Bank balances other than (ii) above | 126.91 | 118.90 |
Loans | 1.60 | 2.13 |
Other financial assets | 110.81 | 54.62 |
Current tax assets (Net) | 8.75 | |
Other current assets | 167.44 | 418.98 |
TOTAL CURRENT ASSETS | 6,288.15 | 9,235.46 |
TOTAL ASSETS | 8,541.15 | 12,523.22 |
DIVIDEND AND RETAINED EARNINGS
(As of 31-03-2020 to 31-03-2021)
Particulars | 2021 | 2020 |
Dividend | Nil | Nil |
Retained Earnings (In Millions) | Nil | Nil |
PERFORMANCE OF THE COMPANY
Revenue from Operations decreased from Rs. 9,631.60 million in FY 2020 to Rs. 8,419.28 million in FY 2021, showing a decline of 12.59% as compared to the previous financial year.
In FY 2021, Company’s Net loss stood at Rs. (486.23), against a Net Profit of Rs. 151.31 million in FY 2020.
The current Ratio of the company as of 31st March 2021 was 1.55.
The debt to Equity ratio of the company as of 31st March 2021 was 1.12.
The company has not paid any dividend in the Financial Year 2020-2021.
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