KAMARHATTY COMPANY LIMITED DELISTED SHARE
ABOUT KAMARHATTY COMPANY LIMITED
KAMARHATTY COMPANY LIMITED is one of the oldest composite Jute mills in the world. It was established under British Managing Agency in 1877 and is located on the banks of Ganga in Kolkata. The company is a part of Kamarhatty Group.
The company is now engaged in the business of Jute, Paper, Warehousing, and Power Generation. Kamarhatty Company Limited has attracted over US$ 7 million of investments for setting up of a fine yarn unit, a bleaching and dyeing unit and in scaling up and modernization of existing capacity.
The company is primarily into the business of manufacturing of packing and packaging materials in the form of various jute products. The product range of the company includes Jute Bags, Hessian, Sacking, Floor Coverings, Rope, Yarn & Twine, Wine Bottle Bags, and Ladies Bags. The company also produces Kraft paper and has a capacity to produce 30 MT per day. The company manufactures Kraft Papers of quality ranging from 16 – 20 BF from waste paper.
The company also owns a warehousing space of more than 0.3 million square feet. This space is given on contractual arrangements for medium-term to third parties.
INCORPORATION DETAILS
CIN | L51109WB1877PLC000361 |
Registration Date | 28 September 1877 |
Category/Sub-category of the Company | Limited by Shares |
Address of the Registered office and contact details | 16A Brabourne Road, Kolkata - 700 001 Phone:- 91-33-40211917/1901 e-mail - jute@kamarhatty.com |
Name, Address and Contact Details of Registrar and Transfer Agent, if any | MAHESHWARI DATAMATICS PVT LTD, 23, R.N. Mukherjee Road, 5th Floor, Kolkata-700001 Phone - 91-33-22435029/5809 e-mail - mdpldc@yahoo.com |
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 |
Jute Products | 131,139 | 95.82% |
Paper Products | - | 4.18% |
BOARD OF DIRECTORS
Ila Sengupta (Independent Director)
A. Dasgupta (Independent Director)
S. Z. Hussain(Independent Director)
S. K. Agarwal (Managing Director)
H. Nahata (Executive Director)
PARTICULARS OF SUBSIDIARY COMPANIES
Name of the Company | % of shares held |
Kamarhatty Power Limited | 63.02% |
KAMARHATTY COMPANY LIMITED SHARES DETAILS
Total Available Shares: | 56,17,000 |
Face Value: | Rs. 10 Per Equity Share |
ISIN: | INE176F01019 |
Pan No. | AABCK2916K |
Lot Size: | 100 Shares |
Last Traded Price | Rs. 90 |
Market Cap: | Rs. 50.55 Crore |
SHAREHOLDING PATTERN
(As on 31-03-2020)
S. No. | Shareholder’s Name | Number of shares | % of total Shares of the company |
1 | Promoter Shareholding | 31,29,000 | 55.69% |
2 | Public Shareholding | 24,88,000 | 44.30% |
| Total | 56,17,000 | 100.00% |
INDUSTRY OUTLOOK
India Ranks First in Jute production in the world. The Jute industry occupies an important place in the national economy of India. In India, Jute is mainly grown in Odisha, West Bengal, Assam, Tripura, Meghalaya, and Andhra Pradesh. There are about 170 jute mills in India, of which West Bengal has 60 jute mills. The Jute Industry of India is a labour-intensive industry and provides employment to around 4 lakhs workers in India. Moreover, Jute is the 2nd most abundant natural fibre in the world. Jute is used for handicrafts, carpet backings, curtains, sandals, carry bags, furniture, insulation, ropes, gunny bags, and many more.
The weather condition for the growth of raw jute crop in the season of FY 2021 is expected to deteriorate compared to the previous season and with carrying forward stock from the previous year due to lockdown of 100 days, going forward prices of raw jute is likely to be balancing with an upward bias compared to the previous year.
During the present operating cycle, the demand for ‘B’ Twill bags from the Government Procurement Agencies continued to be decent, in fact, Jute Industry could not fulfil the demand on several occasions as per the delivery schedule mainly because of bunching of orders by the Procurement Agencies and lower capacity utilisation resulting from shortage of manpower.
The Demand for ‘B’ Twill bags from the Government Agencies for packaging of food grains is estimated to be strong consequently there is an opportunity for the Jute Industry to enhance the production as much as possible & fulfil the demand.
With the signing of triparti agreement, minimum wages have increased significantly from Rs. 257 to Rs. 370 per day. Due to the introduction of an attendance allowance, the hike in wages is likely to help in the better availability of the workforce in the coming year.
PROFIT & LOSS STATEMENT OF KAMARHATTY COMPANY LIMITED (In Rs. Lakhs)
PARTICULARS | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
Revenue from Operations | 20,677.41 | 17,693.32 | 16,567.98 | 17,990.67 |
EBITDA | 684.08 | 620.07 | 668.51 | 505.50 |
EBITDA Margins | 3.31% | 3.50% | 4.03% | 2.81% |
Finance Cost | 417.17 | 393.38 | 338.71 | 322.77 |
Depreciation | 411.66 | 386.64 | 373.14 | 329.85 |
Other Income | 418.78 | 370.66 | 317.99 | 454.15 |
Profit Before Tax and non-controlling interest | 274.03 | 210.71 | 274.65 | 307.03 |
Total Tax | 72.11 | 57.16 | 88.91 | 22.14 |
Non-Controlling Interest | 0.19 | 0.21 | 3.73 | 17.56 |
Profit After Tax (PAT) | 202.11 | 153.76 | 189.47 | 302.45 |
EPS | 3.60 | 2.73 | 3.31 | 5.38 |
BALANCE SHEET OF KAMARHATTY COMPANY LIMITED (In Rs. Lakhs)
PARTICULARS | 31st March 2020 | 31st March 2019 |
ASSETS | ||
NON CURRENT ASSETS | ||
Tangible assets | 6,894.01 | 5,398.31 |
Intangible assets | 2.80 | 3.25 |
Financial assets | 2.86 | 2.86 |
Other noncurrent assets | 42.20 | 38.95 |
TOTAL NON CURRENT ASSETS | 6,941.87 | 5,443.37 |
NON CONTROLLING INTEREST | 274.96 | 274.78 |
CURRENT ASSETS | ||
Inventories | 5,203.08 | 5,742.12 |
Financial assets | 298.56 | 104.63 |
Trade receivables | 2,033.53 | 1,453.48 |
Cash and cash equivalent | 418.76 | 209.63 |
Current tax assets | 375.39 | 649.47 |
Other current assets | 369.69 | 263.94 |
TOTAL CURRENT ASSETS | 8,699.01 | 8,423.27 |
TOTAL ASSETS | 15,915.84 | 14,141.42 |
EQUITY AND LIABILITIES | ||
EQUITY | ||
Equity Share Capital | 561.70 | 561.70 |
Other Equity | 2,655.98 | 2,480.43 |
TOTAL EQUITY | 3,217.68 | 3,042.13 |
LIABILITIES | ||
NON CURRENT LIABILITIES | ||
Borrowings | 4,243.29 | 3,194.53 |
Other Financial liabilities | 175.97 | 181.56 |
Tax liabilities | 21.41 | 13.14 |
TOTAL NON CURRENT LIABILITIES | 4,440.67 | 3,389.23 |
CURRENT LIABILITIES | ||
Short term borrowings | 691.73 | 841.96 |
Trade payables | 5,691.11 | 4,188.79 |
Other Financial liabilities | 1,111.43 | 1,254.56 |
Tax liabilities | 308.22 | 495.85 |
Other current liabilities | 455.00 | 928.89 |
TOTAL CURRENT LIABILITIES | 8,257.49 | 7,710.05 |
TOTAL LIABILITIES | 12,698.16 | 11,099.28 |
TOTAL EQUITY AND LIABILITIES | 15,915.84 | 14,141.41 |
DIVIDEND HISTORY
Particulars | 2020 | 2019 | 2018 |
Dividend (final + interim) (In Rs.) | Nil | Nil | Nil |
Retained Earnings (Consolidated) (In Rs. Lakhs) | 3,051.29 | 2,848.86 | 2,694.76 |
PERFORMANCE OF THE COMPANY
Revenue from Operations of the company increased by 16.8% from Rs. 17,693.32 lakhs in FY 2019 to Rs. 20,677.41 lakhs in FY 2020.
EBITDA of the company increased by 10.32% from Rs. 620.07 lakhs in FY 2019 to Rs. 684.08 lakhs in FY 2020.
Net Profit of the company increased by 31.45% from Rs. 153.76 lakhs in FY 2019 to Rs. 202.11 lakhs in FY 2020.
The Current Ratio of the company as of 31st March 2020 was 1.05.
The debt to equity ratio of the company as of 31st March 2020 was 1.53.
The company has not given any dividends for the past three years.
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