INOX LEASING AND FINANCE LIMITED UNLISTED SHARE
ABOUT INOX LEASING AND FINANCE LIMITED
INOX LEASING AND FINANCE LIMITED is a part of INOX Group. INOX Group is a diversified Conglomerate of India comprising of activities including Manufacturing Industrial gases, Fluorochemicals, Cryogenic Equipment, LNG Storage & Distribution Equipment, and Wind Turbines & Renewable Energy. The group is also the owner of India’s fastest-growing multiplex chains.
Inox Leasing and Finance Limited is engaged in the business of financial services, investment in securities, bonds, mutual funds, and also acts as a broker for mutual funds. However, the primary business of The Inox Leasing And Finance Limited is to act as a finance company for industrial, commercial, and business operation by means of loans, hiring and hire purchase, leasing, dealing in shares, and securities.
INCORPORATION DETAILS
CIN | U65910MH1995PLC085703 |
Registration Date | 17th February 1995 |
Category/Sub-category of the Company | Public Limited Company |
Address of the Registered office and contact details | 69, Jolly Maker Chambers 2, Nariman Point, Mumbai - 400021 Tel: +91 40323195 E-mail address: info@ilfl.co.in Website: www.ilfl.co.in |
Name, Address and Contact Details of Registrar and Transfer Agent, if any | Share transfer-related activities are carried out In -house by the Company. |
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 |
Investment activities | 6430 | 93.28% |
BOARD OF DIRECTORS
D.K. Jain (Chairman)
P.K. Jain (Managing Director)
V.K. Jain (Director)
Siddharth Jain (Director)
Devansh Jain (Director)
PARTICULARS OF SUBSIDIARY COMPANIES
Name of the Company | Subsidiary/Associate | % of shares held |
GFL Limited | Subsidiary | 52.93% |
Gujarat Fluorochemicals Limited | Subsidiary | 52.58% |
INOX LEASING AND FINANCE LIMITED UNLISTED SHARE DETAILS
Total Available Shares: | 99,93,467 |
Face Value: | Rs. 10 Per Equity Share |
ISIN: | INE608E01014 |
PAN NO. | AAACI1954L |
Lot Size: | 100 Shares |
Last Traded Price | Rs. 950 |
Market Cap: | Rs. 949.38 Crore |
SHAREHOLDING PATTERN
(As on 31-03-2020)
S. No. | Shareholder’s Name | Number of shares | % of total Shares of the company |
1 | Promoters Holding | 97,46,445 | 97.53% |
2 | Public Shareholding | 2,47,022 | 2.47% |
| Total | 99,93,467 | 100.00% |
INDUSTRY OUTLOOK
India’s financial services sector is very diversified and comprises various entities such as commercial banks, insurance companies, co-operatives, mutual funds, non-banking financial companies (NBFCs), and other various entities. The share of NBFCs is continuously growing in the financial services industry. As per RBI, NBFCs have outperformed Scheduled Commercial Banks (SCBs) in terms of growth in advances and in asset quality. It is expected that the NBFCs will grow their share in the financial services sector in near future.
The FY 2020 has been one of the most eventful and challenging years that the financial services industry has experienced. The Outbreak of the COVID 19 pandemic across the globe and in India has contributed to a significant decline and volatility in the global and Indian Financial markets and a slowdown in economic activities. Since the duration and magnitude of COVID 19 are still uncertain, it will affect the plans of this industry for FY 2021.
According to ICRA, a rating agency, the NBFC industry is likely to face asset quality pressure in the short term. However, the majority of the NBFC industry will withstand any stress as their collection capacity is improving. Moreover, their balance sheets mention that they are maintaining sufficient liquidity for tackling emergencies.
RBI has announced various measures, as a part of the response to the economic challenge faced by the NBFC industry, to aid the liquidity crisis in the system and to make NBFC work easier. RBI has introduced the Liquidity Coverage Ratio requirement for all types of NBFCs with an asset size of Rs.5,000 Crore.
PROFIT & LOSS STATEMENT OF INOX LEASING AND FINANCE LIMITED (In Rs. Crores)
PARTICULARS | 2020 | 2019 | 2018 | 2017 |
Revenue from Operations | 5,255.73 | 5,619.21 | 3,995.11 | 6,422.98 |
EBITDA | 686.19 | 1,207.92 | 653.92 | 1,064.02 |
Finance Cost | 340.10 | 224.99 | 280.85 | 308.04 |
Depreciation | 393.10 | 335.46 | 302.66 | 330.36 |
Other Income | 252.06 | 148.83 | 156.04 | 112.99 |
Profit before Exceptional items and Tax | 205.05 | 796.30 | 226.45 | 538.62 |
Exceptional items | -26.04 | -13.24 | 36.01 | -219.46 |
Total Tax | 42.88 | -552.67 | 37.30 | 195.41 |
Profit After Tax (PAT) | 136.13 | 1,335.73 | 225.17 | 123.75 |
Less: share of minority interest | 22.94 | 639.15 | 80.06 | -90.73 |
Add: Share in profit of associate | 0.00 | -0.24 | -0.02 | 0.00 |
Net Profit | 113.18 | 696.34 | 145.09 | 214.48 |
EPS | 113.26 | 696.79 | 145.18 | 33.13 |
BALANCE SHEET OF INOX LEASING AND FINANCE LIMITED (In Rs. Crores)
PARTICULARS | 31st March 2020 | 31st March 2019 |
ASSETS | ||
NON CURRENT ASSETS | ||
Tangible assets | 4,655.61 | 4,300.20 |
Intangible assets | 84.35 | 106.41 |
Capital work-in-progress | 488.45 | 770.82 |
Non-current investments | 483.53 | 578.30 |
Deferred tax assets | 264.47 | 96.03 |
Long Term Loans & Advances | 2,110.33 | 1,441.68 |
Other non-current assets | 18.84 | 10.33 |
Assets classified as held for sale | 217.24 | 0.00 |
TOTAL NON CURRENT ASSETS | 8,322.82 | 7,303.77 |
CURRENT ASSETS | ||
Inventories | 1,783.62 | 1,597.98 |
Trade Receivables | 1,949.40 | 2,142.57 |
Cash and cash equivalents | 228.19 | 212.49 |
Financial assets | 1,000.43 | 519.40 |
Other current assets | 20.68 | 26.93 |
Current tax assets | 306.91 | 0.00 |
TOTAL CURRENT ASSETS | 5,289.23 | 4,499.36 |
Assets held for sale | 32.00 | 0.00 |
TOTAL ASSETS | 13,644.05 | 11,803.12 |
EQUITY | ||
Share capital | 9.99 | 9.99 |
Reserves and surplus | 3,181.41 | 3,158.89 |
Minority Interest | 4,112.92 | 4,096.30 |
TOTAL EQUITY | 7,304.32 | 7,265.19 |
NON CURRENT LIABILITIES | ||
Long Term Borrowings | 634.84 | 572.57 |
Other long-term liabilities | 65.78 | 92.24 |
Long Term Provision | 52.00 | 40.33 |
Tax liabilities | 395.20 | 373.02 |
TOTAL NON CURRENT LIABILITIES | 1,147.82 | 1,078.15 |
CURRENT LIABILITIES | ||
Short-term borrowings | 1,651.77 | 1,289.97 |
Trade payables | 1,546.05 | 1,286.15 |
Other Current Liabilities | 1,956.56 | 843.98 |
Short Term Provision | 37.53 | 39.68 |
TOTAL CURRENT LIABILITIES | 5,191.91 | 3,459.78 |
TOTAL LIABILITIES | 6,339.73 | 4,537.93 |
TOTAL EQUITY AND LIABILITIES | 13,644.05 | 11,803.12 |
DIVIDEND HISTORY
Particulars | 2020 | 2019 | 2018 |
Dividend (final + interim) (In Rs.) | 20 | 20 | 20 |
PERFORMANCE OF THE COMPANY
Revenue from Operations of the company decreased by 6.47% from Rs. 5,619.21 crore in FY 2019 to Rs. 5,255.77 crore in FY 2020.
EBITDA of the company decreased significantly by 43.19% from Rs. 1,207.92 crore in FY 2019 to Rs. 686.19 crore in FY 2020. EBITDA margins of the company 21.5% in FY 2019 to 13.06% in FY 2020. The operational costs in FY 2020 increased mainly because of ‘Material Extraction and Processing Cost’.
Net profit of the company fell 83.75% from Rs. 696.34 crore in FY 2019 to Rs. 113.18 crore in FY 2020.
The current Ratio of the company as of 31st March 2020 was 1.02.
The debt to Equity Ratio of the company as of 31st March 2020 was 0.31.
The company has consistently paid dividends to its shareholders. It has paid a dividend of Rs. 20 per equity share for FY 2020.
The book value per equity share of the company as of 31st March 2020 was Rs. 7,309.09.
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