EPIROC MINING INDIA LIMITED UNLISTED SHARE
ABOUT EPIROC MINING INDIA LIMITED
EPIROC MINING INDIA LIMITED is a leading global productivity partner for mining and infrastructure activities. The company develops and produces safe and sustainable drill rigs, rock excavation and construction equipment, and tools. The company also provides services and solutions for interoperability and automation. The factories of the company are located in Nashik and Hyderabad.
Epiroc Mining India Limited was a part of Atlas Copco Group till 2017. In January 2017, Atlas Copco decided to divide the company and listed the mining and infrastructure business as its own separate company in 2018. Then the Epiroc Mining (India) Limited was established in July 2017.
The portfolio of Epiroc Mining (India) Limited comprises of Drill Rigs, Excavator attachments, Loaders and Trucks, Mechanical rock excavation equipment, raise boring equipment, rock drilling tools, rock enforcement tools, and ventilation systems. The company’s products are used in Mining, Construction, Demolition & recycling, and the oil & gas industry.
INCORPORATION DETAILS
|
CIN |
U29309PN2017PLC171542 |
|
Registration Date |
20TH July 2017 |
|
Category/Sub-category of the Company |
Public Limited Company |
|
Address of the Registered office and contact details |
14th Floor, Fountainhead, Phoenix Market City, Viman Nagar, Nagar Road, Pune 411014 Contact Number: 7219722200 |
|
Name, Address and Contact Details of Registrar and Transfer Agent, if any |
KFin Tech Pvt. Ltd. Karvy Selenium Tower B, Plot No 31 & 32 Gachibowli, Financial District, Nanakramguda, Serilingampally Hyderabad – 500 032 |
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
|
Name and Description of main products/services |
NIC Code of the product/service |
% to total turnover of the Company |
|
Mining Equipment |
2824 |
100% |
BOARD OF DIRECTORS
Kunal Thakore (Chairman)
Jerry Andersson
Managing Director
Vinayak Padwal
Maria Stedfeldt
Jorgen Ekelow
Sami Niiranen
PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES
EPIROC MINING INDIA LIMITED does not have any subsidiary or associate company.
EPIROC MINING INDIA LIMITED UNLISTED SHARE DETAILS
|
Total Available Shares: |
2,25,61,564 |
|
Face Value: |
Rs. 10 Per Equity Share |
|
ISIN: |
INE067Z01018 |
|
PAN No. |
AAECE7216R |
|
Lot Size: |
100 |
|
Last Traded Price: |
RS. 1645 |
|
Market Cap: |
Rs. 3711.38 Crore |
SHAREHOLDING PATTERN
|
S. No. |
Shareholders’ Name |
Number of shares |
% of total Shares of the company |
|
1 |
Epiroc Rock Drills AB (Promoter) |
2,17,31,947 |
96.32% |
|
2 |
Public Shareholding |
7,94,734 |
3.52% |
|
|
Total |
2,25,61,564 |
100.00% |
INDUSTRY OUTLOOK
The mining industry is one of the core industries in the Indian economy. This industry is the source of raw materials for various industries. India is home to 1,531 operating mines and produces 95 minerals – 4 fuel-related minerals, 10 metallic minerals, 23 non-metallic minerals, 3 atomic minerals, and 55 minor minerals. Among 175 Mineral Resource Assessment Projects, 29 are on ferrous minerals (iron, manganese, and chromite), 42 precious metals and minerals, 72 for non-ferrous and strategic minerals, 32 on industrial and fertilizer minerals.
India ranks 2nd in the world for coal production and is the 5th largest country in terms of coal deposits. India also has a prominent position in steel and is striving to become the largest exporter of steel of certain grades. Coal Production in India increased by 6.9% in May 2021, as against May 2020. Steel production in India increased significantly by 59.3% in May 2021, as against May 2020.
The metal and mining industry is expected to grow with growth in other industries. The growth in infrastructure and automotive production will drive the growth of the metals and mining industry of India. The government has allowed FDI of up to 100% under the automatic route for mining and exploration of metals and non-metal ores except for titanium bearing minerals and their ores. Minerals like manganese, lead, copper, alumina are expected to witness double-digit growth in the years ahead. There is significant scope for new mining capacities in iron ore, bauxite, and coal.
India continues to be one of the growing economies in the world till Q4 of the fiscal. However, the spread of the COVID pandemic has left the entire world grappling with a negative impact on the socio-economic front and India is not an exception. The outlook is now heavily contingent upon the intensity, spread, and duration of the pandemic. However, the Pandemic has no significant impact on the finances for FY 20-21. The economic activities started showing signs of normalcy with the easing of restrictions
PROFIT & LOSS STATEMENT OF EPIROC MINING INDIA LIMITED (In Rs. Million)
|
Particulars |
2021 |
2020 |
2019 |
2018 |
|
Revenue from Operations |
15,571.02 |
13,535.84 |
15,796.87 |
4,833.56 |
|
Other Income |
277.67 |
185.34 |
86.26 |
86.87 |
|
Total Revenue |
15,848.69 |
13,721.18 |
15,883.13 |
4,920.43 |
|
change % |
15.51% |
-13.61% |
222.80% |
|
|
EBITDA |
3187.00 |
3012.29 |
2705.47 |
772.78 |
|
Change % |
5.80% |
11.34% |
250.10% |
|
|
EBITDA Margin |
20.11% |
21.95% |
17.03% |
15.71% |
|
EBIT |
2904.45 |
2735.76 |
2533.85 |
720.08 |
|
EBIT Margin |
18% |
20% |
16% |
15% |
|
DEP |
282.55 |
276.53 |
171.62 |
52.7 |
|
FINANCE COST |
43.29 |
56.62 |
14.58 |
1.63 |
|
PBT |
2,861.16 |
2,679.14 |
2,519.27 |
718.45 |
|
Tax Expense I Current Taxes |
740.53 |
657.28 |
880.71 |
258.65 |
|
- Short / (Excess) provision for tax relating to prior years |
13.59 |
-31 |
0.00 |
0 |
|
Deferred tax |
-8.36 |
72.7 |
-6.03 |
-9.89 |
|
Total Tax Expense |
745.76 |
698.98 |
874.68 |
248.76 |
|
PAT |
2,115.40 |
1,980.16 |
1,644.59 |
469.69 |
|
Change % |
7% |
20% |
250% |
|
|
Profit Margin |
13.35% |
14.43% |
10.35% |
9.55% |
|
No of Shares |
2,25,61,564 |
2,25,61,564 |
2,25,61,564 |
2,25,61,564 |
|
EPS( in Rs.) |
93.76 |
87.76 |
72.89 |
20.81 |
BALANCE SHEET OF EPIROC MINING INDIA LIMITED (In Rs. Million)
|
Particulars |
2021 |
2020 |
|
ASSETS |
|
|
|
NON CURRENT ASSETS |
|
|
|
Property, plant, and equipment |
1,503.10 |
1,456.15 |
|
right-of-use assets |
189.35 |
245.96 |
|
Capital work in progress |
3.2 |
|
|
Intangible assets |
3.99 |
4.19 |
|
Other financial assets |
90.67 |
88.52 |
|
Deferred tax asset (net |
111.79 |
101.59 |
|
Other non-current assets |
326.3 |
279.61 |
|
TOTAL NON CURRENT ASSETS |
2,228.40 |
2,176.02 |
|
CURRENT ASSETS |
|
|
|
Inventories |
4,119.90 |
2,866.12 |
|
Investments |
1,941.90 |
2,790.54 |
|
Trade receivables |
3,687.37 |
2,864.42 |
|
Cash and cash equivalents |
55.22 |
161.71 |
|
Other current financial assets |
9.1 |
25.78 |
|
Other current assets |
674.15 |
455.41 |
|
TOTAL CURRENT ASSETS |
10,487.64 |
9,163.98 |
|
TOTAL ASSETS |
12,716.04 |
11,340.00 |
|
EQUITY AND LIABILITIES |
|
|
|
EQUITY |
|
|
|
Equity Share Capital |
225.62 |
225.62 |
|
Reserves and Surplus |
9,283.01 |
8,830.41 |
|
TOTAL EQUITY |
9,508.63 |
9,056.03 |
|
LIABILITIES |
|
|
|
NON-CURRENT LIABILITIES |
|
|
|
Lease Liabilities |
147.4 |
205.64 |
|
Provisions |
115.9 |
153.98 |
|
TOTAL NON CURRENT LIABILITIES |
263.30 |
359.62 |
|
CURRENT LIABILITIES |
|
|
|
Lease liabilities |
76.93 |
67.52 |
|
Financial Liabilities |
|
|
|
Trade payables |
2,322.64 |
1,552.23 |
|
Other financial liabilities |
42.75 |
2.14 |
|
Short term provisions |
141.06 |
247.93 |
|
Current tax liabilities |
32.93 |
|
|
Other current liabilities |
327.8 |
54.53 |
|
TOTAL CURRENT LIABILITIES |
2,944.11 |
1,924.35 |
|
TOTAL LIABILITIES |
3,207.41 |
2,283.97 |
|
TOTAL EQUITY AND LIABILITIES |
12,716.04 |
11,340.00 |
DIVIDEND HISTORY
|
Particulars |
2021 |
2020 |
2019 |
2018 |
|
Dividend (final + interim) (In Rs.) |
50 |
75 |
50 |
0 |
|
Retained Earnings (Consolidated) (In Rs. Millions) |
3,143.72 |
2,720.44 |
2,114.28 |
469.69 |
RATIO ANALYSIS Calculated @ Rs. 1550 per share
|
Particulars |
2021 |
2020 |
|
ROE |
22.25% |
21.87% |
|
Capital Employed (In Rs. Millions) |
9,771.93 |
9,415.65 |
|
ROCE |
29.72% |
29.06% |
|
ROA |
16.64% |
17.46% |
|
Debt to Equity |
0.34 |
0.25 |
|
Current Ratio |
3.56 |
4.76 |
|
Dividend Yield Ratio |
3.2% |
NA |
|
EPS (In Rs.) |
93.76 |
87.76 |
|
Book Value Per Share (In Rs.) |
421.45 |
401.39 |
|
P/B Multiple |
3.68 |
NA |
|
P/E Multiple |
16.53 |
NA |
PERFORMANCE OF THE COMPANY
During the year 2020-21, the total revenue was Rs. 15848 million against Rs. 13721 million for the corresponding previous year. The profit before tax for the year was at Rs. 2,861 million as against Rs. 2,679 million for the corresponding previous year.
As the revenue increased from operations, the EBITDA of the company increased by 5.80% from Rs. 3012.29 million in FY 2020 to Rs. 3187.00 million in FY 2021.
Net profit of the company increased by 7% from Rs. 1980.16 million in FY 2020 to Rs. 2115.40 million in FY 2021. But the profit margin has reduced from 14.43% in FY 2020 to 13.35% in FY 2021.
The Current Ratio of the company as of 31st March 2021 was 3.56.
The book value per equity share of the company as of 31st March 2020 was Rs. 421.45.
The company has given a dividend of Rs.50 per equity share for FY 2021.
