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×

indian potash Limited

1,405.00
+ 0.36 %
Scrip Name
Indian Potash
ISIN No.
INE863S01015
PAN No.
AAACI0888H
Face Value
10
No. of Outstanding Shares
28,597,200
Market Capitalization
4,017.91 Crore

INDIAN POTASH LIMITED UNLISTED SHARE


ABOUT INDIAN POTASH LIMITED

 

INDIAN POTASH LIMITED was established to promote the use of Potash in the whole country. The company handled the potash imports and marketing of potash in the country. The story of Indian Potash Limited began with vision of few dedicated people. Before 1950, the use of Potash was odd and that too limited to few southern states of India. Indian farmers were unaware of Potash to be used as fertilizer.


Indian Potash Limited has stood the test of time in spite of decontrol of Phosphatic and Potasic fertilizers in 1992. Without diluting balanced fertiliser promotion, the company has diversified into cattle feed, dairy, rural warehousing and sugars.


The company is supplying fertilisers throughout the year             across whole India and ensures the availability in every corner of the country. The company is producing and marketing cattle feed in northern and southern parts of the country. Indian Potash Limited has capacity to procure and process around 7 lakh litres of milk every day. In 2010, Indian Potash Limited acquired 5 old sugar factories and renewed them to work at optimal levels.


Indian Potash Limited, in collaboration with MMTC Limited (a state owned trading firm) has launched its jewellery showroom, “IPL Swarnalaya” in New Delhi. The showroom will deal in jewellery, medallions and MMTC’s silver jewellery brand, ‘Sanchi’.


Moreover, the company has a plan to construct a greenfield port in Southern Gujarat with an total investment of around Rs. 1,500 Crores. The company already handles fertilisers shipment of more than 3 million tonnes a year at all major and minor ports.


Indian Potash Limited has developed a network of dealers across pan India including inaccessible areas with all its services being coordinated by 15 regional offices.



INCORPORATION DETAILS


CIN

U14219TN1955PLC000961

Registration Date

17 June 1955

Category/Sub-category of the Company

Public Limited

Address of the Registered office and contact details

Seethakathi Business Centre, 1st Floor,

684-690, Anna Salai, Chennai-600 006.

Ph.No.28297855/28297869

Name, Address and Contact Details of

Registrar and Transfer Agent, if any

Cameo Corporate Services Ltd

Subramanian Building”

#1, Club House Road

Chennai 600 002 - India.

Ph No : 91-44 - 2846 0390

 

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

Muriate of Potash

46692

38.29%

Di Ammonium Phosphate

46692

38.04%

Urea

46692

7.60%

 

BOARD OF DIRECTORS

Shri. Sundeep Kumar Nayak, IAS (Chairman)

Shri. B.S. Nakai

Dr. U.S. Awasthi

Shri. Arvind Agarwal, IAS

Shri. Dileep Sanghani

Shri. Amarjit Singh Samra

Ms. Swati Meena Naik, IAS

Shri. Devinder Kumar

Shri. P.C. Munshi

Ms. Reena Kaishing

Shri. Santosh Kumar Dash, Oas (S)

Shri. S.C.Mudgerikar

Shri. M.Murugan

Shri. Shivakumar Gouda Patil

Dr.P.S.Gahlaut (Managing Director)

 

PARTICULARS OF SUBSIDIARY COMPANIES

Name of the Company

% of shares held

IPL Sugars and Allied Industries Limited

100%

IPL Gujarat Port Limited

100%

GoldlineMilkfood and Allied Industries Limited

100%

Sri Krishna Fertilisers Limited

100%

 

 

INDIAN POTASH LIMITED UNLISTED SHARE DETAILS


Total Available Shares:

2,85,97,200

Face Value:

Rs. 10 Per Equity Share

ISIN:

INE863S01015

PAN NO.

AAACI0888H

Lot Size:

100

Last Traded Price

Rs 1000

Market Cap:

2859.72 CRORE

 

SHAREHOLDING PATTERN

(As on 31-03-2020)

S. No.

Shareholders’ Name

Number of shares

% of total Shares of the company

1

Indian Farmers Fertiliser co-operative Limited

97,20,000

33.99

2

Gujarat State Co-Op MKTG Federation Limited

29,88,000

10.45

3

Gujarat State Fertilisers and Chemical Ltd.

22,50,000

7.87

4

Andhra Pradesh State Co-op MKTG Federation Limited

17,82,000

6.23

5

Madras Fertilisers Limited

15,84,000

5.54

6

E.I.D Parry (India) Limited

12,74,400

4.46

7

Tamil Nadu Co-Op MKTG Federation Limited

9,60,000

3.36

8

West Bengal State Co-Op MKTG Federation Limited

9,36,000

3.27

9

Karnataka State Co-Op MKTG Federation Limited

8,64,000

3.02

10

Steel Authority of India Ltd

7,20,000

2.52

11

Others

55,18,800

19.29


Total

2,85,97,200

100

 

INDUSTRY OUTLOOK

The onset of south-west monsoon was delayedand was weak in most parts ofIndia in theinitial period of FY 2020. Most of the statesexperienced deficit in the rainfall to the extentof 30 – 40% and this resulted in delay in sowingand low consumption of fertilisers.


Rabi sowing was higher in 2nd Half of FY 2020 due to healthy reservoir levels and highexcess rainfall in the North-East monsoon. Thegovernment has increased minimum supportprice (MSP) for six Rabi crops for 2019-20 seasonfollowing the Government’s aim to have MSPat 150% of cost of production. This with theDepartment of Agriculture’s forecasted increaseof acreage from 590.60 lakhhectares to 641.30lakh hectares during Rabi 2019-20 and as aresult both production and imports increased.


With a late surge in the monsoon, the soilmoisture and healthy reservoir levels, the sowinglevels in the rabi season have witnessed healthygrowth. The industry is expected to have reasonable growth for fertiliser salesin the current rabi season with DAP (Di Ammonium Phosphate)/NPK (Nitrogen, phosphorus, and potassium) offtakeexpected to grow at a robust pace as there hasbeen significant moderation in the retail pricesyear-on-year driven by a fall in the import prices.


Urea demand is expected to remain stable as theofftake by farmers remain more or less uniform,given the current price levels.


While retail price of P&K (Phosphatic & Potassic) segment has reduced,industry expects a slight expansion in the contributionmargin for DAP/NPK players which should inturn support profitability.


However, the credit metrics of the industry areexpected to remain subdued given the continueddelay in the subsidy disbursement by thegovernment.


Talking about Sugar industry, post nationwide lockdown in 2020, 502 sugar mills in the country started operations from October 2020 to February 2021. In total they have produced 233.77 lakh tonnes of sugar as of 28th February 2021, which is around 20% increased when compared to 194.82 lakh tonnes produced by 453 sugar mills in last season till 29th February 2021.

KEY FINANCIALS OF INDIAN POTASH LIMITED (In Rs. Crores)

 

Particulars

2020

2019

2018

2017

Revenue from Operations

14,483.36

15,430.13

13,200.56

11,728.07

EBITDA

636.21

534.82

393.79

505.46

EBITDA margin

4.39%

3.47%

2.98%

4.31%

Finance Cost

253.82

283.78

151.04

148.31

Depreciation

52.31

42.53

48.85

26.98

Other Income

159.86

302.41

328.93

235.47

Profit Before Tax and share of net profits of investments

489.95

510.92

522.84

565.64

Share of net profits of investments accounted for using equity method

341.68

134.41

-0.01

0.00

Impairment loss on investment in associate company

-269.80

0.00

0.00

0.00

Profit before Tax

561.83

645.34

522.82

565.64

Total Tax

184.78

191.01

175.30

204.62

Profit After Tax (PAT)

377.06

454.33

347.52

361.02

PAT margin

2.57%

2.89%

2.57%

3.02%

EPS

131.85

158.87

121.52

252.49



BALANCE SHEET OF INDIAN POTASH LIMITED(In Rs. Crores)

Particulars

2020

2019

ASSETS



NON CURRENT ASSETS



Tangible assets

957.24

834.08

Intangible assets

5.35

8.06

Investments accounted for using equity method

842.44

798.61

Financial assets

475.15

448.21

Tax assets

87.80

130.50

Other non current assets

58.25

114.78

TOTAL NON CURRENT ASSETS

2,426.22

2,334.24

CURRENT ASSETS



Inventories

2,573.83

2,570.54

Financial assets

45.56

28.11

Trade receivables

5,408.38

4,301.94

Cash and Cash equivalents

561.34

765.25

Other current assets

566.51

474.18

Asset classified as held for sale

0.00

0.52

TOTAL CURRENT ASSETS

9,155.62

8,140.55

TOTAL ASSETS

11,581.84

10,474.79

EQUITY AND LIABILITIES



EQUITY



Equity share capital

28.60

28.60

Other equity

3,631.84

3,217.52

TOTAL EQUITY

3,660.44

3,246.12

LIABILITIES



NON CURRENT LIABILITIES



Borrowings

97.50

292.50

Financial liabilities

60.57

37.51

Employee benefits obligations

4.99

11.30

Deferred tax liabilities (net)

0.04

0.09

Other non-current liabilities

1.28

1.27

TOTAL NON CURRENT LIABILITIES

164.38

342.66

CURRENT LIABILITIES



Borrowings

3,575.38

2,851.54

Trade payables

3,453.90

3,280.61

Financial liabilities

425.41

494.95

Provisions

72.94

72.94

Contract liabilities

67.74

76.81

Employee benefits obligations

6.56

7.01

Current tax liabilities (net)

94.48

67.92

Other current liabilities

60.61

34.23

TOTAL CURRENT LIABILITIES

7,757.03

6,886.00

TOTAL LIABILITIES

7,921.41

7,228.67

TOTAL EQUITY AND LIABILITIES

11,581.84

10,474.79

 

DIVIDEND HISTORY

Particulars

2020

2019

2018

Dividend (final + interim) (In Rs.)

2.5

1.5

3

Retained Earnings (Consolidated) (In Rs. Crores)

3,052.29

2,678.72

2,230.62

 

PERFORMANCE OF THE COMPANY

The company’s total volume sales of all products at 0.62 Crorein FY 2020 tonnes is showing growth over 0.56 Croretonnes clocked during FY 2019.


Revenue from Operations of Indian Potash Limited declined by 6% from Rs. 15,430.13 Crores in FY 2019 to Rs. 14,483.36 Crores in FY 2020. The major reasonfor decline in revenue of thecompany is the absence of Urea imports as StateTrading Enterprise (STE) which had accountedfor Rs 1,658 crores in the previousyear .


Despite decrease in operational revenue, EBITDA of the company increased by 19% in FY 2020 and reached Rs. 636.21 Crores from Rs. 534.82 Crores in FY 2019. EBITDA margins improved to 4.39% for FY 2020 from 3.47% for FY 2019.


Profit after Tax of the company decreased by 17% from Rs. 454.33 Crores in FY 2019 to Rs. 377.06 Crores in FY 2020.


Current Ratio of the company for FY 2020 was 1.18. This shows that the company is maintaining its liquidity efficiently.


Total book value of the company as on 31st March 2020 was Rs. 3,660.44 Crores. The company’s Return on Capital Employed stood at 23% for FY 2020. And the Total Debt to equity ratio of the company as of 31st March 2020 was 1.




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