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×

jolly board Limited

12,000.00
+ 0.00 %
Scrip Name
Jolly Board
ISIN No.
INE532G01029
PAN No.
AAACJ1006G
Face Value
100
No. of Outstanding Shares
454,670
Market Capitalization
545.60 Crore

JOLLY BOARD LIMITED DELISTED SHARE

About Jolly Board Limited


Jolly Board Limited is the largest construction board manufacturer and exporter in India, incorporated on 10 December 1956. The Company offers bitumen impregnated, soft boards, certification, and ceiling tiles. Jolly Board serves customers worldwide and meets both industrial and domestic requirements. The company exports 80% of its production. The company has four mills for the production of Softboard, Bitumen Impregnated Softboard, and mineral wool board. These four units produce 1,00,000 cubic meters of Soft Board annually.


The company’s product range includes Plain Softboard, Laminated Softboard, Specialized Building materials, Bitumen Impregnated Softboard, Painted Softboard in various thicknesses, and multiple surface textures. The company also offers products like non-combustible and acoustical ceiling tiles.


Jolly board’s quality products are processed mostly from agro-waste thus, conserve valuable natural resources. These agro waste products have been declared environment friendly by the Government of India due to which it enjoys full excise exemptions



INCORPORATION DETAILS


CIN

U20200MH1956PLC009899

Registration Date

10th December 1956

Category/Sub-category of the Company

Company limited by shares

Address of the Registered office and contact details

501 Rewa Chambers,

31 Sir V. Thackersey Marg, Mumbai  400020

Name, Address and Contact Details of

Registrar and Transfer Agent, if any

Link Intime India Private Limited,

C-101 247 Park, LBS Marg, Vikroli West, Mumbai 400083

Tel: 022-49186195

Email: rnt.heldesk@linkintime.co.in

Web: http://www.linkintime.co.in


 

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

Fibreboard

20213

58.65%

Real Estate activities

70109

41.35%

 

BOARD OF DIRECTOR

Arvind Jolly (Chairman and Managing Director)

Rashmi Jolly (Vice-Chairperson and Executive Director)

Arjun Jolly (Joint Managing Director)

Jimmy Pochkhanawalla (Independent Director)

Dr.Kewal K. Nohria (Independent Director)

Ashish Vaid (Independent Director)

P.K. Dasgupta (Director)

Anil Shinde (Whole Time Director)


PARTICULARS OF SUBSIDIARY COMPANIES

Name of the Company

% of shares held

Jolly Exports Private Limited

50.099%

 

 

 

JOLLY BOARD LIMITED SHARES DETAILS


Total Available Shares:

4,54,670

Face Value:

Rs. 100 Per Equity Share

ISIN:

INE532G01029

PAN No.

AAACJ1006G

Lot Size:

10 Shares

Last Traded Price

Rs. 12000

Market Capitalization:

Rs. 545.60 Crore

SHAREHOLDING PATTERN

(As on 31-03-2021)

S. No.

Shareholder’s Name

Number of shares

% of total Shares of the company

1

Jolly Exports Private Limited (Promoter)

2,27,788

50.0996%

2

Arvind Govindram Jolly (Promoter)

66,625

14.6535%

3

Arjun Arvind Jolly (Promoter)

56,707

12.4721%

4

Other Promoters

79,883

17.5700%

5

Public Shareholding

23,667

5.2053%


Total

4,54,670

100%

 

INDUSTRY OUTLOOK

 

The Indian particle board market was worth over USD 720 million in 2020, and the market is projected to register more than 11.5% CAGR during the forecast period (2021-2026).


COVID-19 impact on the furniture industry was severe. From January 2020 - September 2020, the gross absorption of commercial office fell by 46% year on year to 22.5 million sq. ft due to lockdown in the country, thus impact the furniture market in the commercial sector.


Due to the nationwide lockdown, construction work in the country has come to a standstill to combat the COVID-19 pandemic kicking in, triggering concerns that the companies would hurt revenues and may even incur losses in some projects. However, the condition is expected to recover in the coming year, thereby restoring the growth trajectory of the market studied.


After growing at a CAGR of 9.1% during 2020-2025, Ceiling Tiles Market is forecast to reach $8.60 billion by 2025. The ceiling tiles market is driven by extensive building and construction activities. The other megatrend which is transforming the building and construction industry is the population outbreak in the urban areas that need affordable housing.


In the long term, the factor driving the market studied is the increasing demand for furniture in the office space and hospitality sectors. International hotels are expanding their presence in the country and are likely to account for around 47% of the Indian tourism and hospitality sector.


PROFIT & LOSS STATEMENT OF JOLLY BOARD LIMITED (In Rs. Lakhs)

 

PARTICULARS

2020

2019

Revenue from Operations

6,339.81

7,478.32

EBITDA

-528.05

182.92

EBITDA margins

-5.17%

1.65%

Finance Cost

10.20

34.92

Depreciation

408.78

387.15

Other Income

3,882.02

3,615.18

Exceptional Items

-

(1,166.60)

Profit Before Tax

2,930.08

2,190.87

Total Tax

663.10

380.69

Profit After Tax (PAT)

2,266.98

1,810.18

PAT margin

22.18%

16.32%

EPS (Rs.)

498.60

398.13



BALANCE SHEET OF JOLLY BOARD LIMITED (In Rs. Lakhs)

PARTICULARS

31st March 2020

31st March 2019

ASSETS



NON CURRENT ASSETS



Tangible Assets

17,053.56

17,048.89

Intangible Assets

3,613.08

2,240.16

Noncurrent Investment

391.42

0.04

Loans and advances

5,435.94

4,649.84

TOTAL NON CURRENT ASSETS

26,494.00

23,938.93

CURRENT ASSETS



Inventories

977.81

1,187.21

Investments

3,029.72

2,895.90

Receivables

544.41

458.37

Cash and Cash Equivalents

1,003.69

1464.96

Loans and advances

408.49

426.64

Other Current Assets

153.84

407.72

TOTA CURRENT ASSETS

6,117.96

6,840.80

TOTAL ASSETS

32,611.96

30,779.73

EQUITY AND LIABILITIES



EQUITY



Equity Share Capital

454.67

454.67

Other Equity

22,721.19

21,276.41

TOTAL EQUITY

23,175.86

21,731.08

LIABILITIES



NON CURRENT LIABILITIES



Provisions

5096.77

4396.92

Deferred tax liability (net)

875.64

903.54

Other noncurrent liabilities

1982.27

2009.88

TOTAL NON CURRENT LIABILITIES

7954.68

7310.34

CURRENT LIABILITIES



Trade payables

598.72

538.07

Provisions

60.42

363.53

Other current liabilities

822.28

836.71

TOTAL CURRENT LIABILITIES

1,481.42

1,738.31

TOTAL LIABILITIES

9,436.10

9,048.65

TOTAL EQUITY AND LIABILITIES

32,611.96

30,779.73

 

PERFORMANCE OF THE COMPANY

Revenue from Operations of the company in FY 2020 was Rs. 6,339.81 Lakhs, as against Rs. 7,478.32 Lakhs in FY 2019. Revenue from Operations of the company decreased by 15.22%.


EBITDA of the company turned from a profit of Rs. 182.92 Lakhs in FY 2019 to a loss of Rs. 528.05 Lakhs in FY 2020.


In FY 2019, the company incurred a profit of Rs. 1,810.18 Lakhs. In FY 2020 the company made a profit of Rs. 2,266.98 Lakhs, i.e. an increase of 25.24%.


The current Ratio of the company as of 31st March 2020 was 4.12.


The debt to Equity ratio as of 31st March 2020 was 0, as the company does not have any borrowings.


Book value per equity share of the company as of 31st March 2020 stood at                  Rs. 5097.29.














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