ROOTS MULTICLEAN LIMITED UNLISTED SHARE
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.
INCORPORATION DETAILS
CIN | U36999TZ1992PLC003662 |
Registration Date | 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 Email: gbala@roots.co.in Web: www.rootsmulticlean.com |
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 Email: info@skdc-consultants.com |
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 | 29299 | 95.01% |
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 | Subsidiary/Associate | % of shares held |
Roots Multi Clean Incorporated | Subsidiary | 100.00% |
ROOTS MULTICLEAN LIMITED UNLISTED SHARE DETAILS
Total Available Shares: | 20,00,000 |
Face Value: | Rs. 10 Per Equity Share |
ISIN: | INE01LF01013 |
Pan No. | AABCR0315F |
Lot Size: | 100 Shares |
Last Traded Price: | Rs. 525 |
Market Cap: | Rs. 105.00 Crore |
SHAREHOLDING PATTERN
(As of 31-03-2020)
S. No. | Shareholders’ Name | Number of shares | % of total Shares of the company |
1 | Sri K. Ramasamy | 2,34,900 | 11.75% |
2 | Smt R.K.Umaadhevi | 30,500 | 1.53% |
3 | Sri R.Varun Karthikeyan | 3,54,160 | 17.71% |
4 | M/s. Hako GmbH | 5,20,000 | 26% |
5 | M/s. Roots IndustriesIndia Limited | 3,60,000 | 18% |
6 | Others | 5,00,440 | 25.02% |
| Total | 20,00,000 | 100.00% |
INDUSTRY OUTLOOK
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)
Particulars | 2020 | 2019 | 2018 |
Revenue from Operations | 26,989.36 | 26,881.49 | 20,658.84 |
EBITDA | 4,242.64 | 4,996.07 | 3,462.11 |
EBITDA margin | 15.72% | 18.59% | 16.76% |
Finance Cost | 445.24 | 382.05 | 176.96 |
Depreciation | 791.42 | 751.88 | 597.21 |
Other Income | 20.69 | 15.39 | 45.08 |
Profit Before Tax | 3,005.98 | 3,862.14 | 2,687.94 |
Total Tax | 750.08 | 1,196.15 | 1,058.25 |
Profit After Tax (PAT) | 2,255.90 | 2,665.99 | 1,629.69 |
EPS | 112.79 | 133.30 | 81.48 |
BALANCE SHEET OF ROOTS MULTICLEAN LIMITED(In Rs. Lakhs)
Particulars | 2020 | 2019 |
ASSETS | ||
NON CURRENT ASSETS | ||
Tangible Assets | 9,431.99 | 6,738.95 |
Intangible Assets | 567.35 | 574.57 |
Non Current Investments | 77.66 | 77.66 |
Long-Term Loans and Advances | 108.14 | 339.20 |
TOTAL NON CURRENT ASSETS | 10,185.13 | 7,730.38 |
CURRENT ASSETS | ||
Inventories | 8,246.83 | 7,843.57 |
Trade Receivables | 6,664.93 | 7,084.79 |
Cash and Cash Equivalents | 393.61 | 502.14 |
Short Term Loans and Advances | 1,668.20 | 1,002.21 |
Other Current Assets | 1,94.48 | 140.54 |
TOTAL CURRENT ASSETS | 17168.06 | 16,573.24 |
TOTAL ASSETS | 27,353.19 | 24,303.63 |
EQUITY AND LIABILITIES | ||
EQUITY | ||
Share capital | 200.00 | 200.00 |
Reserves and Surplus | 15,224.41 | 12,964.31 |
TOTAL EQUITY | 15,424.41 | 13,164.31 |
LIABILITIES | ||
NON CURRENT LIABILITIES | ||
Long-term borrowings | 1,978.27 | 1,416.44 |
Deferred tax liabilities (Net) | 268.66 | 298.93 |
TOTAL NON CURRENT LIABILITIES | 2,246.93 | 1,715.37 |
CURRENT LIABILITIES | ||
Short Term Borrowings | 4,440.86 | 3,186.33 |
Trade Payables | 2,589.24 | 3,413.03 |
Short-Term Provisions | 1,543.56 | 1,961.96 |
Other Current Liabilities | 1,108.20 | 862.62 |
TOTAL CURRENT LIABILITIES | 9,681.85 | 9,423.94 |
TOTAL LIABILITIES | 11,928.78 | 11,139.31 |
TOTAL EQUITY AND LIABILITIES | 27,353.19 | 24,303.63 |
DIVIDEND HISTORY
Particulars | 2020 | 2019 | 2018 |
Dividend (final + interim) (In Rs.) | 2.5 | 2.5 | 2.5 |
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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