ABOUT INDIA CARBON LIMITED
INDIA CARBON LIMITED was established in 1961 and was the first company to set up calcinations plant in Asia at Guwahati. Since its initial days, the company has technical and financial collaborations with Oxbow Calcining LLC, USA. The company established its second calcinations plant in Budge Budge, West Bengal in 1969.
The company’s primary business is to manufacture and supply Calcined Petroleum Coke (CPC), which is the purest form of Carbon, having 99.5% of carbon in it. Apart from CPC, the company also produces Electrode Carbon Paste (EPC) and Tamping Paste, which are used in Ferro Alloys & Allied industries, and in carbide production.
Some of the customers of India Carbon Limited in the aluminium industry are Hindalco, National Aluminium Company Limited (NALCO), Madras Aluminium Company Limited (MALCO), and Bharat Aluminium Company Limited (BALCO). The company also sell its products to steel sector, and some of its prominent customers are steel industry are Steel Authority of India Limited (SAIL), Tata Iron and Steel Company Limited (TISCO) and Essar Steel.
Apart from production of carbon products, the company is also in the space of Floriculture, and has established Orchid Farms in Guwahati. The flowers are currently being sold in New Delhi, Mumbai, Bangalore, and Kolkata.
The equity shares of the company are listed are Calcutta Stock Exchange of India.
12 June 1961
Category/Sub-category of the Company
Company Limited by Shares
Address of the Registered office
Noonmati, Guwahati, Assam-781020
Name, Address and Contact Details of
Registrar and Transfer Agent, if any
C B Management Services (P) Limited
P-22, Bondel Road, Kolkata-700019
Phone: 40116700/11/18/23, 2280-6692/93/94
Email : firstname.lastname@example.org
PRINCIPAL BUSINESS ACTIVITES OF THE COMPANY
Name and Description of main products/services
NIC Code of the product/service
% to total turnover of the Company
Calcined Petroleum Coke
Electrode Carbon Paste
Thermal Carbon(Tempering) Paste
Desiceated Petroleum Coke Powder
Raw Petroleum Coke
BOARD OF DIRECTORS
Mr. Rakesh Himatsingka(Chairman and Managing Director)
Mr. Shaurya Veer Himatsingka(Deputy Managing Director & CEO)
Mr. Gordon Kenneth Mcintosh
Mr. Tony William Grims
Mr. Hemant Kumar Khaitan
Mr. Manoj Mohanka
Mr. Soumendra Mohan Basu
Mr. Sunirmal Talukdar
Mrs. Susmita Ghose
PARTICULARS OF SUBSIDIARY COMPANIES
Name of the Company
% of shares held
C & C Investment Limited
INDIA CARBON LIMITED SHARE DETAILS
Total Available Shares:
Rs. 10 Per Equity Share
Last Traded Price:
Rs. 265.00 Crore
(As on 31-03-2020)
Number of shares
% of total Shares of the company
Shree Shyam Orchid Estates Limited (Promoter)
RiddhimaSv Himatsingka (Promoter)
Anita Himatsingka (Promoter)
Shaurya Veer Himatsingka (Promoter)
Calcined Petroleum Coke (CPC) is used in the manufacturing of Graphite, as a Anode in Alumina Smelters, as Soderberg's Electrode for Ferroalloy Industries, as Thermal Paste for Ferro Alloys & allied industries in Submerged Arc Furnaces. It is also used for melting stell, and for making special steel and alloys.
Aluminium is the 2nd most used metal in the world after steel. It’s consumption reached 65 million tonnes in 2020. India is the 4th largest producer of aluminium in the world. It produces around 5.3% of the global aluminium output. In FY 2020, growth of primary consumption of aluminium fell by 2% from the growth of 3% in FY 2019. Excluding China, the whole world reported consumption degrowth of around 4% in FY 2020. In the Indian market, aluminium production fell by 2% in FY 2020, while domestic consumption declined by around 6 to 7%.
Primary aluminium exports from India surged almost 50% during the first quarter of FY 2021which helped domestic producers to tackle a sharp decline in domestic demand, in the wake of the COVID-19 pandemic in Q1FY 2021. However domestic demand returned with easing of restrictions in Q2 and exports moderated. Exports grew by just 6.8% y-o-y in Q2 as compared to 50% growth in the June 2020 quarter. Share of export in total production also reached pre-covid level of 56% in the month of December 2020 after peaking to 78% in April 2020.
The present requirement of CPC by the aluminium smelters is approximately 1.5Million Mts, and in addition there is a substantial requirement by the Steel, Graphite Electrodes, Titanium dioxide, Ferro alloys and other miscellaneous Industries at around 0.5Million Mts, taking the total requirement to around 2.0Million Mt., which is in part met by imports of CPC, mainly from China.
PROFIT & LOSS STATEMENT OF INDIA CARBON LIMITED (In Rs. Lakhs)
3 Quarters of FY 2021
Revenue from Operations
Profit before Exceptional items and Tax
Profit After Tax (PAT)
BALANCE SHEET OF INDIA CARBON LIMITED (In Rs. Lakhs)
31st March 2020
31st March 2019
NON CURRENT ASSETS
Other non current assets
TOTAL NON CURRENT ASSETS
Cash and cash equivalent
Other current assets
TOTAL CURRENT ASSETS
EQUITY AND LIABILITIES
Equity Share Capital
NON CURRENT LIABILITIES
TOTAL NON CURRENT LIABILITIES
Other financial liabilities
Other current liabilities
TOTAL CURRENT LIABILITIES
TOTAL EQUITY AND LIABILITIES
Dividend (final + interim) (In Rs.)
Retained Earnings(In Rs. Lakhs)
PERFORMANCE OF THE COMPANY
In FY 2020, production of Calcined Petroleum Coke (CPC) was 85,990MT and production of Electrode Carbon Paste (ECP) was 4,811MT. Sales of CPC was 70,563 MT and sales of ECP was 4,520 MT.
Revenue from Operations of the company decreased by 56% from Rs. 47,165.01 lakhs in FY 2019 to Rs. 20,619.90 lakhs in FY 2020. In the first three quarters of FY 2021, the company earned operational revenue of Rs. 13,913.48 lakhs.
EBITDA of the company for FY 2020 was a loss of Rs. 5,448.02 lakhs, as against profit of Rs. 17,637.64 lakhs in FY 2019. In the first three quarters of FY 2021, EBITDA of the company stood at Rs. 987.20 lakhs.
Profit after Tax of the company changed from a net profit of Rs. 15,371.27 lakhs in FY 2019 to a net loss of Rs. 3,646.31 lakhs in FY 2020. In the first three quarters of FY 2021, the company earned a net profit of Rs. 2,054.63 lakhs.
Current Ratio of the company as of 31st March 2020 was 3.73.
Debt to Equity ratio of the company as of 31st March 2020 was 0.04.
The company has not given any dividend for FY 2020. However, it is dividend giving company and gave a dividend of Rs. 30 per equity share for FY 2019.
The book value of the company as of 31st March 2020 was Rs. 921.25.
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