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×

inkel Limited

12.00
-1.64 %
Scrip Name
INKEL
ISIN No.
INE308U01017
PAN No.
AABCI6802J
Face Value
10
No. of Outstanding Shares
177,814,334
Market Capitalization
213.38 Crore
Book value
11.953
P/BV
1.004
EPS
0.235
PE ratio
51.064
Available on
nsdlcdsl
ROFR Required
No

About INKEL LIMITED UNLISTED SHARE

INKEL LIMITED is a joint initiative among Prominent global investors, Government agencies and NRI industrialists/businessmen. INKEL Limited was established by the Government of Kerala to channelize private capital and professional expertise into large scale projects such as roads & bridges, industrial business park, transport, power, trade centres, etc.

 

Inkel Limited vision is to become an one stop destination for executing large scale projects related to infrastructure and to develop the state’s economy. It will act as a platform for private investors to invest in Kerala’s infrastructural projects.

 

The company provides services ranging from initial planning to the completion and maintenance of projects. The sectors in which Inkel Limited is working are Construction, roads & services, industrial infrastructure, solar energy, engineering designs & consultancy, PMC, advisory & management consultancy, health & hospitality and Education & skill development.

 

Inkel Limited has got the status of Special Purpose Vehicle by the Government of Kerala to handle health care projects under the ‘Healthcare to the Poor’ mission. Moreover, The company is responsible to develop 39 schools. Inkel Limited is also working on construction of 23 Sub Treasury Buildings in different districts of Kerala.

 

INCORPORATION DETAILS

CIN

U45209KL2007PLC020471

Registration Date

09 March 2007

Category/Sub-category of the Company

Closely held public Company limited by shares

Address of the Registered office and contact details

Door No. 7/473 ZA-5&6, 2nd Floor, Ajiyal Complex,

Kakkanad, Cochin - 682030

Ph: 0484 – 6491138

Name, Address and Contact Details of

Registrar and Transfer Agent, if any

Integrated Registry Management Services Pvt. Ltd.

No. 30 Ramana Residency, 4th Cross Sampige Road

Malleswaram, Bengaluru - 560 003

Tel: (080) 23460815

PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

Name and Description of main products/services

NIC Code of the product/service

% to the total turnover of the Company

Infrastructural projects

45

100%

 

BOARD OF DIRECTORS

Shri E P Jayarajan (Chairman)

Dr. K Ellangovan IAS (Principal Secretary, Industries)

Shri. Varghese Kurian (Managing Director, ALNAMAL Group)

Shri. C V Rappai (Director & GM, Video Home)

Shri. Jayakrishnan Krishna Menon (Chairman, ABN Corporation, Doha)

Shri. Jacob Kovoor(Independent Director)

Smt. Vidhya Sangeeth(Independent Director)

Mr. A Mohanlal (Managing Director)

 

PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES

Name of the Company

Subsidiary/Associate

% of shares held

INKEL-KSIDCProjects Limited

Subsidiary

74%

MIV LogisticsPrivate Limited

Associate

39.43%

Thalikulam PURAPrivate Limited

Subsidiary

98.86%

Tirurangadi PURAPrivate Limited

Subsidiary

98.84%

INKES TradeCentre Limited

Subsidiary

74%

Seguro – INKELConsortium LLP

Associate

45%

INKEL-EKK RoadsPrivate Limited

Subsidiary

72%

Seguro Foundations& Structure Pvt Ltd

Subsidiary

65%

INKELInfrastructureDevelopmentProjects Limited

Subsidiary

100%

 

SHAREHOLDING PATTERN (As of 31-03-2020)

S. No.

Shareholders’ Name

Number of shares

% of total Shares of the company

1

Government of Kerala

4,05,00,000

22.78%

2

Government Companies

1,20,00,000

6.74%

3

Directors / Relatives of Directors

7,70,74,042

43.35%

4

Foreign Holdings

2,31,33,953

13.01%

5

Banks & Corporate Holdings

90,85,544

5.11%

6

Others

1,60,20,795

9.01%

 

Total

17,78,14,334

100.00%

 

INDUSTRY OUTLOOK

 The infrastructure sector is a key driver not just for India’s economy but also for the economy of states. The infrastructure sector is heavily responsible for driving India’s overall development. The sector mainly includes bridges & dams, power, roads, and urban infrastructure development.

The path to infrastructure development in India is exciting and promising. The COVID 19 pandemic and the nationwide lockdown made the infrastructure sector to stop. But, after the restriction of COVID 19 being uplifted, the work in the infrastructure sector has progressed. Additionally, the government's reforms and financing models are increasing the confidence of investors. In November 2020, the Government of India extended the viability gap funding for public-private partnership projects till FY 2024-25 and allocated Rs. 8,100 Crores for the same purpose. To increase foreign funding in the infrastructure sector, Tax exemptions were given on interest dividend and capital gain incomes of sovereign wealth funds & global pension funds.

In the Union budget of 2021, the Government of India has given very high importance to infrastructure development. They proposed Rs. 5.54 lakh crore for capital expenditure. In which, Rs. 20,000 Crores are allocated to set up Development Financial Institution (DFI) to act as a provider, enabler, and catalyst for infrastructure financing.

In Kerala, a project named Integrated Manufacturing Cluster is proposed to facilitate investment, and innovation, enhance skill development and build manufacturing infrastructure. A Multi-Modal Logistics park including a Free Trade Warehousing Zone is proposed to be set up in Cochin Port. More projects like Kochi Metro Bliss City, International Exhibition and Conference Centre, etc are proposed.

 

KEY FINANCIALS OF INKEL LIMITED (In Rs. Lakhs)

Particulars

2020

2019

2018

2017

Revenue from Operations

6,615.17

10,235.45

19,130.33

4,077.34

EBITDA

1,667.09

829.53

3,137.68

400.01

EBITDA margin

25.20%

8.10%

16.40%

9.81%

Finance Cost

2,561.22

2,085.83

978.23

257.39

Depreciation

572.64

555.26

467.12

464.71

Other Income

1,114.89

938.17

478.79

380.91

Profit Before share in profit/loss from associates and Tax

-351.88

-873.39

2,171.12

58.81

Share of profit/loss from associates

61.31

37.01

0.00

0.00

Total Tax

-44.15

287.88

232.25

273.28

Profit After Tax (PAT)

-246.42

-1,124.26

1,938.88

-214.47

EPS

-0.11

-0.3

1.1

-0.07

 

BALANCE SHEET OF INKEL LIMITED(In Rs. Lakhs)

Particulars

2020

2019

ASSETS

   

NON CURRENT ASSETS

   

Tangible assets

10,880.42

11,202.66

Intangible assets

17.28

7.34

Investments

2,041.09

1,963.20

Long term loans and advances

2,809.51

1,203.30

Tax assets

213.78

195.34

Other non current assets

14,138.07

15,294.18

TOTAL NON CURRENT ASSETS

30,100.14

29,866.01

CURRENT ASSETS

   

Inventories

265.45

131.60

Trade Receivables

5,413.05

6,890.20

Cash and Cash Equivalents

7,592.18

5,706.10

Short-Term Loans and Advances

5,220.31

3,457.30

Other Current Assets

2,953.75

2,173.91

TOTAL CURRENT ASSETS

21,444.74

18,359.12

TOTAL ASSETS

51,544.88

48,225.13

EQUITY AND LIABILITIES

   

EQUITY

   

Share capital

17,781.43

17,781.43

Reserves and Surplus

786.77

1,498.30

Minority Interest

1,545.82

1,603.95

TOTAL EQUITY

20,114.02

20,883.69

LIABILITIES

   

NON CURRENT LIABILITIES

   

Long Term Borrowings

18,518.03

13,487.86

Deferred Tax Liabilities (Net)

238.49

299.46

Other long term liabilities

249.47

201.19

Long Term Provisions

129.59

149.39

TOTAL NON CURRENT LIABILITIES

19,135.57

14,137.89

CURRENT LIABILITIES

   

Short Term Borrowings

7,156.81

6,407.61

Trade Payables

641.48

1,861.78

Other Current Liabilities

4,452.20

4,530.33

Short-Term Provisions

44.80

403.83

TOTAL CURRENT LIABILITIES

12,295.29

13,203.55

TOTAL LIABILITIES

31,430.86

27,341.44

TOTAL EQUITY AND LIABILITIES

51,544.88

48,225.13

 

DIVIDEND HISTORY

Particulars

2020

2019

2018

Dividend (final + interim) (In Rs.)

Nil

0.20

0.35

 

PERFORMANCE OF THE COMPANY

Revenue from Operations of the company reduced by 35.37% from Rs. 10,235.45 lakhs in FY 2019 to Rs. 6,615.17 lakhs in FY 2020.

 

Despite sharp fall in operational revenue, EBITDA of the company increased by 101% from Rs. 829.53 lakhs in FY 2019 to Rs. 1,667.09 lakhs in FY 2020. EBITDA margins have grown from 8.10% in FY 2019 to 25.20% in FY 2020. This clearly states that the company has improved its efficiency and productivity in FY 2020.

 

Finance cost of the company increased by 22.79% from Rs. 2,085.83 lakhs in FY 2019 to Rs. 2,561.22 lakhs in FY 2020.

 

In FY 2019, the company incurred a loss of Rs. 1,124.26 lakhs, which improved in FY 2020 to a loss of Rs. 246.42 lakhs.

 

Total debt of the company increased by 29.04% from Rs. 19,895.47 lakhs in FY 2019 to Rs. 25,674.84 lakhs in FY 2020.

 

Total book value of the company as of 31st March 2020 was Rs. 20,114.02 lakhs, which translates to book value of Rs. 11.31 per equity share.

 

Current ratio of the company as of 31st march 2020 was 1.74. This states that the company is not facing any liquidity issues.

 

Reserves and surplus of the company decreased by 47% in FY 2020 to Rs. 786.77 lakhs from Rs. 1,498.30 lakhs in FY 2019.

 

Debt to Equity ratio of the company as of 31st March 2020 was 1.27.

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