OSWAL MINERALS LIMITED UNLISTED SHARE
ABOUT OSWAL MINERALS LIMITED
OSWAL MINERALS LIMITED is a leading body corporate of "Oswal Group". The Oswal Group is a leading trading house dealing in various low and high carbon ferroalloys, nitrogen-bearing ferroalloys, stainless steel scraps, virgin metals, super alloy scraps, inoculants, rare earth metals, minerals, ferrous and non-ferrous metal scraps, allied products, and refractories.
Oswal Minerals Limited is based in Bengaluru, India. The Company is engaged in the business of "import, export, sale, trade of all kinds of ferroalloys ferrous and non -ferrous metals, nitrogen-bearing ferroalloys, etc.". The company caters to the complete need of the Ferro Alloy Industry spread globally. Oswal Minerals Limited’s customer bases are in Europe, the USA, Africa, Middle East, and Far East Asia.
Oswal Mineral Limited has a presence in pan India with the best warehousing facility and an insight into the various aspects of Ferro& Non-Ferro Alloys, Metals & Minerals which has made it one among the most recognized names in the Industry. The branches and warehouses facilities of Oswal Minerals Limited are located in Hyderabad (Telangana), Visakhapatnam (Andhra Pradesh), Coimbatore (Tamil Nadu), Kolhapur (Maharashtra), Kolkata (West Bengal), Bhiwandi (Maharashtra), Faridabad (Haryana), Ludhiana (Punjab), Hospet (Karnataka), Rajkot and Ahmedabad (Gujarat).
The equity shares of Oswal Minerals Limited are listed on the Metropolitan Stock Exchange of India Limited.
INCORPORATION DETAILS
|
CIN |
L30006TN1996PLC035973 |
|
Registration Date |
4 July 1996 |
|
Category/Sub-category of the Company |
Company Limited by Shares |
|
Address of the Registered office and contact details |
“Oswal’s”, 1034, 2nd Floor, Dr. Rajkumar Road, 4th Block, Rajajinagar, Bengaluru – 560010 Ph: 080-43090000 |
|
Name, Address and Contact Details of Registrar and Transfer Agent, if any |
Cameo Corporate Services Limited #1, Subramanian Building, Club House Road, Mount Road, Chennai – 600002 Ph: (044) 28460390 |
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 |
|
Manganese Ore |
4662 |
41.13% |
BOARD OF DIRECTORS
Sripal Kumar Mohanlal (Managing Director)
Mohanlal Bharath Kumar Jain (Whole-time Director)
Subhash Chand Mohanlal (Director & CFO)
Seema Jain (Non-Executive Director)
Saritha Devi (Non-Executive Director)
Sapna Jain (Non-Executive Director)
Manish Kumar Jain (Independent Director)
Bhagchand Ghisulal Jain (Independent Director)
Dinesh Kumar (Independent Director)
PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES
OSWAL MINERALS LIMITED does not have any subsidiary or associate company.
OSWAL MINERALS LIMITED UNLISTED SHARE DETAILS
|
Total Available Shares: |
75,50,400 |
|
Face Value: |
Rs. 10 Per Equity Share |
|
ISIN: |
INE469B01017 |
|
PAN No. |
AACCM6499G |
|
Lot Size: |
100 Shares |
|
Last Traded Price: |
Rs. 30 |
|
Market Cap: |
Rs. 22.65 Crore |
SHAREHOLDING PATTERN
(As on 31-03-2020)
|
S. No. |
Shareholders’ Name |
Number of shares |
% of total Shares of the company |
|
1 |
Mohanlal Subhash Jain (Promoter) |
15,82,800 |
20.96% |
|
2 |
Hirachand Mohanlal (Promoter) |
9,99,400 |
13.24% |
|
3 |
Sripal Kumar Jain |
9,88,960 |
13.09% |
|
4 |
Other Promoters |
19,85,832 |
26.31% |
|
5 |
Public Shareholding |
19,93,408 |
26.40% |
|
|
Total |
75,50,400 |
100.00% |
INDUSTRY OUTLOOK
Ferro Chrome is an important input in the production of stainless steel as it disseminates the unique non-corrosive property and adds strength and luster. During Cumulative Year2019, global ferrochrome output rose by 3% to touch a total of 14.73 million tonnes and China registered a growth of 13% to take top positions. In fact, around 50% of the world’s ferrochrome is now produced in China which is remarkable given that it is entirely dependent on imported chrome ore. South Africa’s decline as a ferrochrome producer continued and production in India was muted.
The demand for ferrochrome is directly linked to the stainless steel industry and has been on an increasing trend given the focus on infrastructure development. Even though imports of stainless steel have also increased in this period, it is expected that the ‘Make in India’ policy adopted by the Government will encourage more domestic production and value addition.
The steel sector contributes over 2% to the GDP of India. Finished steel consumption in India was 66.461 Million Tonnes from April 2019 to November 2019. The automotive industry accounts for around 10% of the demand for steel in India. With increasing capacity addition in the automotive industry, demand for steel from the sector is expected to be robust.
Ferro Chrome prices in the country have firmed up by nearly 46% in the last 2 months of CY 2020 because of reduced raw material supply and anticipation of a pick-up in demand from the stainless steel industry. Production of Chrome ore, which goes into making ferrochrome was impacted due to COVID lockdown which consequently pushed up prices of ferrochrome. With the stainless steel industry gradually ramping up production in anticipation of a pick-up in demand, the demand for ferrochrome is likely to increase. In such a scenario, less Ferrochrome ore output is likely to push up prices in the near term.
KEY FINANCIALS OF OSWAL MINERALS LIMITED (In Rs. Lakhs)
|
Particulars |
3 quarters of FY 2021 |
2020 |
2019 |
2018 |
|
Revenue from Operations |
1,11,891.04 |
1,62,617.74 |
1,58,485.79 |
1,02,031.63 |
|
EBITDA |
279.49 |
703.19 |
2,586.20 |
1,412.14 |
|
EBITDA margin |
0.25% |
0.43% |
1.63% |
1.38% |
|
Finance Cost |
718.86 |
778.85 |
1,765.51 |
1,064.46 |
|
Depreciation |
28.21 |
36.79 |
38.08 |
34.93 |
|
Other Income |
23.31 |
272.07 |
199.96 |
187.33 |
|
Profit Before Tax and exceptional items |
-444.27 |
159.62 |
982.57 |
500.09 |
|
Exceptional items |
0 |
0.00 |
219.23 |
0.00 |
|
Total Tax |
14 |
42.20 |
255.39 |
40.53 |
|
Profit After Tax (PAT) |
-458.27 |
117.42 |
507.96 |
459.55 |
|
EPS |
-6.07 |
1.56 |
6.73 |
6.09 |
BALANCE SHEET OF OSWAL MINERALS LIMITED (In Rs. Lakhs)
|
Particulars |
2020 |
2019 |
|
ASSETS |
||
|
NON CURRENT ASSETS |
||
|
Tangible assets |
141.51 |
94.20 |
|
Tax assets |
21.03 |
19.12 |
|
Other noncurrent assets |
202.73 |
145.94 |
|
TOTAL NON CURRENT ASSETS |
365.27 |
259.25 |
|
CURRENT ASSETS |
||
|
Inventories |
11,721.96 |
12,437.42 |
|
Trade receivables |
32,308.59 |
27,121.56 |
|
Cash and Cash equivalents |
472.00 |
875.32 |
|
Other current assets |
5,992.51 |
8,998.88 |
|
TOTAL CURRENT ASSETS |
50,495.04 |
49,433.19 |
|
TOTAL ASSETS |
50,860.31 |
49,692.44 |
|
EQUITY AND LIABILITIES |
||
|
EQUITY |
||
|
Equity share capital |
755.04 |
755.04 |
|
Other equity |
2,231.29 |
2,113.87 |
|
TOTAL EQUITY |
2,986.33 |
2,868.91 |
|
LIABILITIES |
||
|
NON CURRENT LIABILITIES |
||
|
Borrowings |
20,000.00 |
20,000.00 |
|
TOTAL NON CURRENT LIABILITIES |
20,000.00 |
20,000.00 |
|
CURRENT LIABILITIES |
||
|
Borrowings |
8,860.32 |
15,932.62 |
|
Trade payables |
18,813.69 |
10,505.75 |
|
Other current liabilities |
199.97 |
385.16 |
|
TOTAL CURRENT LIABILITIES |
27,873.98 |
26,823.53 |
|
TOTAL LIABILITIES |
47,873.98 |
46,823.53 |
|
TOTAL EQUITY AND LIABILITIES |
50,860.31 |
49,692.44 |
DIVIDEND HISTORY
|
Particulars |
2020 |
2019 |
2018 |
|
Dividend (final + interim) (In Rs.) |
Nil |
Nil |
Nil |
|
Retained Earnings (Consolidated) (In Rs. Lakhs) |
1,804.15 |
1,686.73 |
1,178.78 |
PERFORMANCE OF THE COMPANY
Revenue from Operations increased by 2.61% from Rs. 1,62,617.74 lakhs in FY 2019 to Rs. 1,11,891.04 lakhs in FY 2020. In first 3 quarters of FY 2021, the company earned revenue of Rs. 1,11,891.04 Lakhs from its Operations.
EBITDA of the company fell by 72.81% from Rs. 2,586.20 lakhs in FY 2019 to Rs. 703.19 lakhs in FY 2020. In the first 3 quarters of FY 2021, the company’s EBITDA was Rs. 279.49 lakhs. This sharp decline was mainly due to lockdown amid COVID 19 pandemic.
Profit after Tax of the company decreased by 76.88% from Rs. 507.96 lakhs in FY 2019 to Rs. 117.42 lakhs in FY 2020. In the first 3 quarters of FY 2021, the company incurred a net loss of Rs. 458.27 lakhs.
In FY 2020, the company launched a new product line “Steam Coal” trading. Unfortunately, the coal market was under loss, and due to which the company incurred heavy losses.
The total book value of the company was Rs. 2,986.33 lakhs, which translates into a book value of Rs. 39.55 per equity share.
The current ratio of the company as of 31st March 2020 was 1.81. The debt to equity ratio of the company as of 31st March 2020 was 9.66.
The company has not given any dividends for the past three years.
