ABOUT ROOTS MULTICLEAN LIMITED
ROOTS MULTICLEAN LIMITED is a top manufacturer of mechanized cleaning equipment. It was the first mechanized cleaning equipment manufacturer in India. The company first started its journey with a simple push sweeper, flipper. But today, its wide range of portfolio includes scrubbers, industrial vacuum cleaners, high-pressure washers, carpet cleaner machines, city sweepers, runway sweepers, and steam cleaners.
The company’s customer base is spread across various sectors like manufacturing, defense, railways, pharma, automobile industries, and many more. The solutions ofRoots Multiclean Limited are also implemented in solid waste management projects in many municipal corporations across India.
The company’s network is spread across 29 states in India managed by over 70Business Development Executives and 170 service engineers. Roots MulticleanLimited has spread its presence in 36 countries.
The Rating agency ICRA Limited has retained the rating for the long-term banking facilities as A (pronounced ICRA A) and the short-term banking facilities rating asA1 (pronounced ICRA Aone) for Roots Multiclean Limited.
In FY 2020, Roots Multiclean Limited launched three products - RB650, RB750, and Rhino Dual fuel.
24th February 1992
Category/Sub-category of the Company
Public Limited Company having Share Capital
Address of the Registered office and contact details
R.K.G. Industrial Estate
Ganapathy, Coimbatore – 641 006. India
Phone: +91 422 4330330
Name, Address and Contact Details of
Registrar and Transfer Agent, if any
M/s. S.K.D.C. Consultants Limited
Post Box No. 2016, “Kanapathy Towers”
3rd Floor, 1391/A1, Sathy Road, Ganapathy Post
Coimbatore – 641 006, Tamil Nadu
Telephone: +91 0422-4958995, 2539835
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
Floor Cleaning Equipments and industrial vacuum cleaners
BOARD OF DIRECTORS
Sri K. Ramasamy(Executive Chairman)
Sri R. Varun Karthikeyan(Managing Director)
Sri A. Kasilingam(Director – Engineering)
Sri P. T. Kuppuswamy
Dr M. P. Vijayakumar
Smt R. K. Umaadhevi
Sri K. Ravi
Sri Preben Laustsen
Dr S. Chandrasekar
Sri V. M. Rajashekar
Sri Frank Ulbricht
PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES
Name of the Company
% of shares held
Roots Multi Clean Incorporated
ROOTS MULTICLEAN LIMITED UNLISTED SHARE DETAILS
Total Available Shares:
Rs. 10 Per Equity Share
Last Traded Price:
Rs. 105.00 Crore
(As of 31-03-2020)
Number of shares
% of total Shares of the company
Sri K. Ramasamy
Sri R.Varun Karthikeyan
M/s. Hako GmbH
M/s. Roots IndustriesIndia Limited
Cleaning Industry in India today has become much more vital than ever before. And with the rising cost and unavailability of skilled human resources, the approach is now shifting towards mechanized cleaning solutions. India’s cleaning industry is still very unorganized. This industry employs a large number of unskilled people and therefore is required to be represented at the policy-making level.
The facilities management industry is now worth around Rs. 16,500 Crore, of which the housekeeping industry accounts for Rs. 5,000 Crore, and The cleaning equipment and chemicals segment has a market size of around Rs. 1,000 Crore. Traditionally, the demand in this industry was mainly driven by the automobile, pharma, IT, and hospitality sectors. But now, every segment is demanding hygiene solutions.
The cleaning industry in India is growing rapidly. The organized side of the cleaning industry in India has grown by around 30-50% in the last 5 years. Today, most of the large corporate houses outsource cleaning work to professional companies with mechanized solutions.
Additionally, the “Swacch Bharat Abhiyan” started by the Government of India has spread the awareness among people of India about the importance of cleanliness and Hygiene. And after the outbreak of COVID 19, the demand for cleanliness sanitization has increased significantly.
KEY FINANCIALS OF ROOTS MULTICLEAN LIMITED(In Rs. Lakhs)
Revenue from Operations
Profit Before Tax
Profit After Tax (PAT)
BALANCE SHEET OF ROOTS MULTICLEAN LIMITED(In Rs. Lakhs)
NON CURRENT ASSETS
Non Current Investments
Long-Term Loans and Advances
TOTAL NON CURRENT ASSETS
Cash and Cash Equivalents
Short Term Loans and Advances
Other Current Assets
TOTAL CURRENT ASSETS
EQUITY AND LIABILITIES
Reserves and Surplus
NON CURRENT LIABILITIES
Deferred tax liabilities (Net)
TOTAL NON CURRENT LIABILITIES
Short Term Borrowings
Other Current Liabilities
TOTAL CURRENT LIABILITIES
TOTAL EQUITY AND LIABILITIES
Dividend (final + interim) (In Rs.)
PERFORMANCE OF THE COMPANY
Revenue from Operations of the company has been decreased by Rs. 107.87 lakhs from Rs. 26,881.49 lakhs in FY 2019 to Rs. 26,989.36 lakhs in FY 2020. There was only a slight increase in Revenue from Operations of the company in FY 2020.
EBITDA of the company decreased by 15.08% from Rs. 4,996.07 lakhs in FY 2019 to Rs. 4,242.64 lakhs in FY 2020. EBITDA margins have fallen from 18.59% in FY 2019 to 15.72% in FY 2020.
Net profit of the company fell by 15.38% to Rs. 2,255.90 lakhs in FY 2020 from Rs. 2,665.99 lakhs in FY 2019.
The current ratio of the company as of 31st March 2020 was 1.77.
Borrowings of the company increased by 34.9% from Rs. 4,602.77 lakhs as of 31st March 2019 to Rs. 6,419.12 lakhs as of 31st March 2020. The debt to equity ratio of the company as of 31st March 2020 was 0.41.
Book value per share of the company as of 31st March 2020 was Rs. 771.22 per equity share.
Roots Multiclean Limited has consistently given dividends for the past three years. For FY 2020, the company gave dividend of Rs. 2.50 per equity share.
In FY 2020, the company produced and exported the first-ever Airport runway sweeper with a capacity of 9.5 cubic meters. Moreover, for the first time, factory-built Truck mounted vacuum cleaner has been sold.
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