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×

hardoli paper mills Limited

89.00
-1.11 %
Scrip Name
Hardoli Paper Mills
ISIN No.
INE699F01010
PAN No.
AAACH1472N
Face Value
10
No. of Outstanding Shares
2,692,265
Market Capitalization
23.96 Crore

HARDOLI PAPER MILLS LIMITED UNLISTED SHARE 

Incorporated on 24th February 1995, Hardoli Paper Mills Limited Company is a Public Limited Company. The Authorized Share Capital of the Company is Rs. 3,50,00,000 and the Paid-up capital is Rs. 26,922,650. The company Manufactures paper and paper products. The Paper manufactured by the Company is used for Corrugated boxes used in various types of packaging material and envelops. The major raw material is Kraft Waste, White cutting, and printed papers.

It has a plant for the manufacturing of lightweight paper in the village Hardoli, District Nagpur.

It was listed with OTC Exchange of India, the same exchange was closed in 2015. 

In June 2015 the company was on Dissemination Board, it comes out with the Right Issue in the ratio of 15 Equity Shares for every 100 shares at the price of Rs. 35/- per share. 

Since 3,51,165 shares were granted under the right when the firm was on the distribution board. The Company’s equity shares are listed on the Metropolitan Stock Exchange of India.


INCORPORATION DETAILS


CIN

L21010MH1995PLC05883

Registration Date

24/02/1995

Company Name

HARDOLI PAPER MILLS LIMITED

Email Address

hardolipaper@gmail.com

Category/Sub-category of the Company

Company Limited by Shares

Registration Number

85883

Address of the Registered office & contact details

First Floor, Krishna Kunj, Bhavsar Chowk,

 C.A. Road, Nagpur 440 002

Telephone : 0712-2770966, 2733846

 Fax-0712-2770168

Company Secretary & Compliance Officer

MAYANK LUNIYA

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

MCS Share Transfer Agent Limited

A-209, C Wing, 2nd Floor, Gokul Industrial Estate Sagbaug, Marol Co-op. Industrial Estate, Mumbai - 59 Email ID – helpdeskmum@mcsregistrars.com

Website – www.mcsregistrars.com

 Tele : 022-28516022 Fax – 022-28516021

 

BOARD OF DIRECTORS

 

S.NO.

Name of the Directors

Category

1.

Anil kumar lakhotiya

Managing director

2.

Kailashchandra P. Agrawal

WHOLE-TIME DIRECTOR

3.

Jarnail singh saini

Whole-time director & chief financial officer (CFO)

4.

Omprakash rathi

Whole-time director

5.

Narasimhan varadarajan

Independent non-executive director

6.

Prem kewalramani

Independent non-executive director

7.

Priyanka deshmukh

Independent non-executive woman director


Principal Business Activities of the Company

Name & Description of main products/services

NIC Code of the Product /service

% of the total turnover of the company

Kraft Paper

48042900

100%


SHAREHOLDING PATTERN

(As of 31-03-2022)

S. No.

Shareholder’s Category

No. of Shares

% of total Shares of the company

1

PROMOTERS

659600

24.50%

2

PUBLIC

2032665

75.50%

 

Total

2692265

100%


INDUSTRY OUTLOOK

The Company is engaged in the manufacturing of Kraft Paper and Board, which finds its application in the packaging industries, especially for making corrugated boxes. Over the years, the Company has undergone several phases of expansion & has an installed capacity of 60000 MT per Annum.

The booming e-commerce, automobiles, pharmaceuticals, food & beverages, electric equipment & textiles in the developing economies of India have augmented the demand for Kraft Paper.

The continued growth expected in all above sector in India as well as the overall economy recovery from the recent slowdown expected to boost the uptake of Kraft Paper market, which is also projected to have positive impact on Company's growth.

Furthermore, this paper is also known to offer an exceptional high Tensile Energy Absorption and is this being used for Industrial & consumer packaging. Thus, it has earned the status of being excellent substitute for Plastics that are regularly used in Industrial & Consumer Packaging .

Fresh Steps have been taken to improve cost-effectiveness, excellence in product quality, customer service and operational productivity.

During the year company recorded sales of ' 8297.59 lacs (P.Y '6987.26 lacs) and net profit of ' 342.73 lacs (P.Y ' 113.92 lacs).

PROFIT & LOSS STATEMENT OF HARDOLI PAPER MILLS  LIMITED (In Lakhs)

(As of 31-03-2018 to 31-03-2022)

Particular

2022

2021

2020

2019

2018

Income

 

 




Revenue from Operations

11240.22

8197.59

6987.26

8056.48

8820.85

Other Income

13.91

11.90

10.38

10.03

17.63

Total Revenue

11254.13

8209.49

6997.64

8066.52

8997.17

Expenses

 

 




Cost of Material Consumed

8669.42

5529.20

4328.76

4881.47

6131.47

Trading Purchase

-

-

12.35

-

-

Changes to inventories of financial goods and WIP

-9.88

-82.48

56.87

(44.56)

(34.73)

Excise Duty

-

-

-

-

130.99

Employee Benefits Expense

245.34

216.41

213.37

214.22

201.92

Finance Costs

76.03

63.72

93.56

143.77

180.13

Depreciation and amortization expense

179.58

177.28

171.93

164.68

168.59

Other Expenses

2062.79

1822.72

1905.82

1996.11

1779.81

Total Expenses

11223.27

7726.84

6782.65

7355.69

8558.16

Profit before exceptional items and taxes

30.86

482.65

214.99

710.83

438.00

Exceptional item

-

-

-



Profit /(Loss) before tax

30.86

482.65

214.99

710.83

438.00

Tax expenses

 

 




Current tax

25.84

130.81

45.15

161.60

73.47

Earlier years tax

-

17.00

-

-

-

MAT Credit Entitlement

-

-

54.41

-

(64.04)

Deferred tax

-33.24

-7.90

1.51

(40.71)

158.97

Total tax 

-7.40

139.91

101.07

120.89

168.40

 Net Profit /(Loss) for the year

38.25

342.73

113.92

589.93

270.59

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

11.04

11.30

(1.86)

(5.36)

515.18

Income tax relating to this item will not be reclassified to profit or loss

-

-




 Total Other comprehensive income

11.04

11.30

(1.86)

(5.36)

515.18

Total comprehensive income for the year 

49.29

354.03

112.05

584.58

785.77

Earning Per Equity Share






Basic

1.42

12.73

4.23

21.91

10.05

Diluted

1.42

12.73

4.23

21.91

10.05


BALANCE SHEET OF  HARDOLI PAPER MILLS LIMITED (In Lakhs)

(As of 31-03-2018 to 31-03-2022)

PARTICULARS

2022

2021

2020

2019

2018

Equity and Liabilities

 

 




Equity

 

 




Share Capital

269.23

269.23

269.23

269.23

269.23

Other Equity

2463.01

2413.72

2059.69

1947.63

1393.05

Total Equity 

2732.24

2682.95

2328.91

2216.86

1632.28

Non-Current Liabilities

 

 




Financial liabilities

 

 




Borrowings

430.66

319.86

263.43

311.06

693.56

Provisions

9.75

15.44

21.83

16.62

-

Deferred tax liabilities (net)

161.51

194.75

184.57

130.24

152.48

 Total Non-Current Liabilities

601.92

530.05

469.83

457.91

846.03

Current Liabilities

 

 




Financial liabilities

 





Borrowings

568.42

435.76

618.44

556.76

569.46

Trade payables

873.56

796.28

590.45

496.57

650.68

Other financial liabilities

215.19

111.41

82.40

205.99

183.44

Other current  financial liabilities

65.68

66.86

5.38

5.39

(14.44)

Provisions

34.11

35.56

31.25


45.42

45.43

54.89

Total current liabilities 

1756.97

1445.87

1327.92

1310.14

1444.33

Total Liabilities

 

 




Total equity and liabilities

5091.13

4658.87

4126.68

3984.91

3922.64

Assets

 

 




Non-Current Assets

 

 




Property, Plant and Equipment

2079.48

2162.30

2263.95

2344.12

2305.23

Capital work-in-progress

403.81

3.13

4.02

4.85

3.82

Financial assets

 





Deposits

23.83

19.85

22.13

28.71

28.78

Other non-current assets

232.33

116.37

63.77

56.75

41.50

Total non-current assets

2739.45

2301.65

2353.88

2434.42

23.79

Current assets

 

 




Inventories

515.93

675.14

678.24


51511.851.511

427.97

Trade receivables

1665.55

1557.60

948.54

899.57

100.5

Cash and cash equivalents

0.79

3.34

2.83

0.97

0.41

Bank balances other than (b)above

-

-

0.83

1.92

1.93

Other  financial assets

83.63

72.81

85.43

57.69

5.79

Other Current assets

62.56

41.59

51.07

72.77

92.13

Current Tax assets (Net)

23.23

6.73

5.85

5.73

10.48

Total current assets

2351.68

2357.22

1772.80

1550.49

1543.30

Total Assets

5091.13

4658.87

4126.68

3984.92

3922.64


DIVIDEND AND RETAINED EARNINGS

(As of 31-03-2018 to 31-03-2022)

Particulars

2022

2021

2020

2019

2018


Dividend

NIL

NIL

NIL

NIL

NIL

 

Retained Earnings (In Rs. Lakhs)

N.A.

12,41,85,196

11,29,79,369

5,45,21,566

26849090


 

PERFORMANCE OF THE COMPANY

Revenue from Operations Increased from Rs. 8197.59 Lakhs in FY 2021 to Rs. 11240.22 Lakhs in FY 2022, showing an increase of 37.12% as compared to the previous financial year.


Finance Cost has risen significantly from Rs.63.72 Lakhs in FY 2021 to Rs. 76.03 Lakhs in FY 2022.


In FY 2022, Company’s Net profit stood at Rs 49.29 Lakhs as compared to the Net profit of  Rs. 354.03 Lakhs in FY 2021.


Current Ratio of the company as of 31st March 2022 was 1.34%.

 

The debt to equity ratio of the company as of 31st March 2022 was 0.86%.


The Company has not paid dividends in the last 5 years.

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