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×

u p asbestos Limited

51.00
+ 2.00 %
Scrip Name
UPAL
ISIN No.
INE181C01016
PAN No.
AAACU1994L
Face Value
10
No. of Outstanding Shares
9,107,193
Market Capitalization
46.45 Crore

U P ASBESTOS LIMITED UNLISTED SHARE 


Instituted on 18 July 1973 U P Asbestos Limited is a Public Limited Company registered at the registrar of companies in Kanpur, Uttar Pradesh. Authorized equity capital of the company is Rs. 15,25,00,000 and paid-up capital is Rs. 9,10,71,928. U P Asbestos Limited is a producer and marketer of fiber cement sheets. U P Asbestos Limited also known as UPAL has recently started marketing Coloured Profile Steel Sheets. The company has taken the green initiative and installed solar panels at its Lucknow manufacturing facility.


The company's main products are as under: -

  • Cables
  • Coloured Profile Sheets
  • AC Sheets
  • Paints
  • Paints Products

INCORPORATION DETAILS

CIN

L26942UP1973PLC003743

Registration Date

18 July 1973

Company Name

U. P. Asbestos Limited

Email Address

upasbestos@upasbestos.com

Category/Sub-category of the Company

Company Limited by Shares/Non-Government Company

Class of Company

Public Company

Registration Number

3743

Address of the Registered office & contact details

P O Mohanlalganj, Lucknow – 226 301, Uttar Pradesh, India

Address and Contact details of Registrar Transfer Agent

KFin Technologies Karvy Selenium Tower B Plot No. 31 & 32, Gachibowli, Financial District Nanakramguda, Hyderabad – 500032

Listing Status

Unlisted

 

BOARD OF DIRECTORS

S. No.

Name of Directors

Category of Directors

1.

Mr. Amitabh Tayal

Managing Director

2.

Mr. Paras Nath Singh

Non-Executive Director (Independent)

3.

Mr. Qamar Syed Wajahat

Non-Executive Director (Independent)

4.

Mrs. Mala Agrawal

Non-Executive Director (Independent)

5.

Mr. Priyank Tayal

Whole Time Director

6.

Mr. Gaurav Arora

Chief Financial Officer

7.

Ms. Sakshi Pandey

Company Secretary & Compliance Officer

8.

Mr. M P Singh

General Manager (Sale)

9.

Mr. G N Srivastava

General Manager (Admin)


Principal Business Activities of the Company

S. No.

Name & Description of main products/services

NIC Code of the Product /service

% to total turnover of the company

1

Corrugated Cement Asbestos Sheets

23959

70.28 %

2

Profile Steel Sheet

25910

03.44 %

3.

Miscellaneous Services

9953

26.28 %


TOTAL


100.00%


SHAREHOLDING PATTERN

(As of 31-03-2021)

S. No.

Shareholder’s Category

No. of Shares

% of total Shares of the company

1

Promoter and Promoters Group

65,10,774

71.50%

2

Public

25,96,419

28.50 %

 

Total

91,07,193

100.00%


Industry Outlook

Cement Asbestos Products remain in high demand due to their affordability, and other qualities such as corrosion resistance, weather resistance, and fire resistance. The Indian economy has been described as a "bright spot" in the global economy by the International Monetary Fund (IMF). In comparison to last year, the Indian economy grew noticeably and the GDP projected overall growth of 7.3 percent in 2020-2021 is slow. According to the IMF, India's growth will rebound to 9.5 percent in 2021-2022 as a result of Private consumption has increased significantly.

The Roofing Sheets are widely used for roofing, cattle sheds, and warehouses. The performance of our industry is directly related to the performance of rural/semi-urban economies. Slow growth in 2019-20 and 2020-21 due to the weak monsoon, the COVID-19 pandemic, and market uncertainty.


PROFIT & LOSS STATEMENT OF U P ASBESTOS LIMITED

(Rs. in Lakhs) 

(As of 31-03-2019 to 31-03-2021)

Particular

2021

2020

2019

INCOME




Revenue From Operations

20,172.34

16,239.71

15,233.73

Other Income

810.91

677.56

728.30

Total Income

20,983.25

16,917.27

15,962.03

EXPENSES




Cost of materials consumed

10,213.22

8,913.82

7,476.84

Purchases of Stock-in-Trade

6,161.55

4,383.61

4,096.08

Changes in inventories of finished goods, Stock-in -Trade and

work-in-progress

(406.47)

(890.05)

57.17

Employee benefits expense

687.78

713.04

720.70

Finance costs

872.03

876.41

777.47

Depreciation and amortization expense

517.89

500.11

498.54

Other expenses

2,365.06

2,057.63

2,019.77

Total expenses

20,411.06

16,554.57

15,646.57

Profit/(loss) before exceptional items and tax

572.19

362.70

315.46

Exceptional Items

-

-

-

Profit/(loss) before tax

572.19

362.70

315.46

Tax expense:




Current tax

108.26

61.10

71.59

Deferred tax

24.70

86.66

125.40

Profit (Loss) for the year

439.23

214.94

118.47

Other Comprehensive Income/(Loss)




(A) Items that will not be reclassified to profit or loss




          (a) Re- measurement gains/(losses) on defined benefit obligation

12.93

(14.48)

(7.79)

         (b) Gains/(losses) on Fair Value of Equity

5.21

(2.90)

0.14

Instruments through other Comprehensive Incomes




         (c) Income Tax Effect on above

(3.60)

4.03

2.17

(B) Items that will be reclassified to profit or loss




         (a) Re- measurement gains/(losses) on defined benefit obligation

-

-

-

         (b) Income Tax Effect on above

-

-

-

Total Comprehensive Income for the year

14.54

(13.35)

(5.48)

Comprising Profit / (Loss) and Other Comprehensive Income for the year

453.77

201.59

112.99

Earnings per equity share:




        Earnings per equity share (Basic)

4.82

2.36

1.30

        Earnings per equity share (Diluted)

4.82

2.36

1.30

 

BALANCE SHEET OF U P ASBESTOS LIMITED (Rs. in Lakhs) 

(As of 31-03-2019 to 31-03-2021)

PARTICULARS

2021

2020

2019

ASSETS




Non-Current Assets




Property, Plant, and Equipment

8,453.48

8,050.17

7,940.70

Capital work-in-progress

129.92

120.80

86.26

Investment Property

1,390.55

1,606.32

1,822.55

Financial Assets




        Investments

6.65

1.44

4.34

       Trade receivables

-

-

-

       Others Financial Assets

8.25

152.03

244.35

Income tax assets (net)

-

29.57

22.67

Other non-current assets

708.07

1,050.76

1,155.40

Total Non-Current Assets

10,696.92

11,011.09

11,276.27

Current assets




Inventories

5,591.49

5,381.92

3,161.19

Financial Assets




      Trade receivables

3,249.10

3,873.66

3,377.42

      Cash and cash equivalents

339.78

46.66

213.68

      Bank balances other than  above

57.31

57.31

60.53

      Loans

495.18

362.81

445.69

      Others Financial Assets

221.90

71.69

64.93

Other current assets

789.14

351.86

347.81

Total Current Assets

10,743.90

10,145.91

7,671.25

TOTAL ASSETS  

21,440.82

21,157.00

18,947.52

EQUITY AND LIABILITIES




Equity




Equity Share capital

911.71

911.71

911.71

Other Equity

9,397.76

8,947.50

8,749.41

Total Equity

10,309.47

9,859.21

9,661.12

LIABILITIES




Non-current liabilities




Financial Liabilities




       Borrowings

4,695.35

4,183.76

2,461.30

Provisions

81.30

90.43

69.54

Deferred tax liabilities (Net)

523.31

495.01

412.38

Other non-current liabilities

58.27

58.27

58.27

Total Non-Current Liabilities

5,358.23

4,827.47

3,001.49

Current liabilities




Financial Liabilities




Borrowings

3,869.13

4,223.88

4,689.70

Trade payables




  • Total outstanding dues of micro-enterprises and
  • small enterprises

-

-

-

  • Total outstanding dues of creditors other than micro
  •  enterprises and small enterprises

681.59

1017.97

724.48

      Other financial liabilities

520.02

673.22

662.54

Other current liabilities

673.68

530.21

177.66

Provisions

25.42

25.04

30.53

Current Tax Liabilities (Net)

3.28

-

-

Total Current Liabilities

5,773.12

6,470.32

6,284.91

TOTAL EQUITY AND LIABILITIES

21,440.82

21,157.00

18,947.52

 

DIVIDEND AND RETAINED EARNINGS

(As of 31-03-2019 to 31-03-2021)

Particulars

2021

2020

2019

Dividend

Nil

Nil

Nil

Retained Earnings (Rs. in Lakhs)

3,561.03

3,121.81

2,906.87

 

PERFORMANCE OF THE COMPANY

Revenue from operations increased from Rs. 16,239.71 Lakh in FY 2020 to Rs. 20,172.34 Lakh in FY 2021, showing a growth of 24.21% as compared to the previous financial year.


Finance Cost has decreased from Rs. 876.41 Lakh in FY 2020 to Rs.  872.03 Lakh in FY 2021 showing a decline of 0.49% as compared to the previous financial year.


In FY 2021, Company’s Net profit stood at Rs. 439.23 Lakh, as compared to a net profit of Rs. 214.94 Lakh in FY 2020 showing a growth of 104.35%.


The Current Ratio of the company as of 31st March 2021 was 1.86.

 

The debt to equity ratio of the company as of 31st March 2021 was 2.07.


In the Financial Year 2020-21, the company has not paid dividends.

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Annual Reports

2020-21

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2019-20

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2018-19

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2017-18

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2016-17

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