About Vadilal Chemicals Limited Delisted & Illiquid Shares
Vadilal Chemicals Limited is a Public Limited Company, incorporated on 11 April 1991. It is classified as Non-govt Company and is registered at Registrar of Companies, Ahmedabad. Vadilal Chemicals Limited is a leading player in the Business of Industrial Gases and Chemicals. The Company is engaged in the business of manufacturing and supply of wide variety of Chemicals and Gases that includes High Purity Gases, Industrial Gases Mixtures and Specialty Gases. The Company is providing supply of various “High Purity Gases” such as Ammonia, Argon, Carbon Dioxide, Helium, Hydrogen, Nitrogen, Oxygen etc. and also providing supply of “Liquified Gases” such as Liquor Ammonia, Liquor Argon, Liquor Carbon Dioxide, Liquor Nitrogen and Liquor Oxygen. The company has developed an extensive era of customer driven products like pure gases, Specialty gases and Gas Mixtures.
INCORPORATION DETAILS
|
CIN |
L24231GJ1991PLC015390 |
|
Registration Date |
11 April 1991 |
|
Category/Sub-category of the Company |
Limited by Shares/ Non-govt company |
|
Address of the Registered office and contact details |
Vadilal Chemicals Limited, 503-504, Aditya Building, Nr. Sardar Patel Seva Samaj, Mithakhali, Navrangpura, Ahmedabad - 380 006 Ph. : 079-48936937-38-39 |
|
Name, Address and Contact Details of Registrar and Transfer Agent, if any |
Big Share Services Private Limited 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri (East) Mumbai 400059. Ph: 022 62638200/69/7045770080 |
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 |
|
Manufacture of industrial gases |
24111 |
100% |
BOARD OF DIRECTORS
Mr. Rajesh R. Gandhi, Chairman & Managing Director
Mr. Devanshu L. Gandhi, Managing Director
Mr. Kalpit R. Gandhi, Non Executive & Non Independent Director
Mrs. Deval D. Gandhi, Non Executive & Non Independent Director
Mr. Rohit J. Patel, Independent Director
Mr. Ashish H. Modi, Independent Director
Mr. Udayan R. Patel, Independent Director
Mr. Dipal J. Soni, Chief Financial Officer
Mr. Soham B. Raval, Company Secretary
SHAREHOLDING PATTERN (As of 31-03-2022)
|
S. No. |
Shareholders’ Name |
Number of shares |
% of total Shares of the company |
|
1 |
Promoter Group |
43,96,359 |
90.17% |
|
2 |
Public Shareholding |
4,77,641 |
9.83% |
|
|
Total |
48,74,000 |
100.00% |
INDUSTRY OUTLOOK
Overall Outlook of Industrial Gas Industry is very bright and promising due to Sustained Industrial growth, Infrastructure developments and new projects coming up in the country. With the economic reforms and positive steps towards globalization, the overall Industrial growth shall continue resulting in increased demand for various industrial gases and their applications. New manufacturing sectors, Research and Developments centers and thrust in Automobile and Pharma product outsourcing shall also help boost the consumption of various gases. Through the Overall growth of Indian economy, especially the manufacturing sector has increased the potential of Gas Industry; there is certain risk from import in certain sectors due to reduction in import duties as part of globalization.
PROFIT & LOSS STATEMENT OF VADILAL CHEMICALS LIMITED (In Rs. Lakhs)
|
PARTICULARS |
2022 |
2021 |
2020 |
2019 |
|
Revenue from Operations |
7097.17 |
4810.43 |
5444.50 |
5546.68 |
|
EBITDA |
613.81 |
418.45 |
332.71 |
745.22 |
|
EBITDA margins |
8.64% |
8.69% |
6.11% |
13.43% |
|
Finance Cost |
114.44 |
115.39 |
118.85 |
100.75 |
|
Depreciation |
87.57 |
98.50 |
124.48 |
115.42 |
|
Other Income |
58.57 |
33.45 |
51.03 |
56.84 |
|
Profit/Loss before Exceptional items and Tax |
411.80 |
204.56 |
89.38 |
529.04 |
|
Exceptional items |
- |
- |
- |
- |
|
Total Tax |
104.91 |
50.61 |
21.60 |
152.22 |
|
Profit After Tax (PAT) |
306.89 |
153.95 |
67.78 |
376.82 |
|
PAT Margin |
4.32 % |
3.20 % |
1.24 % |
6.79 % |
|
EPS |
6.30 |
3.16 |
1.39 |
7.73 |
BALANCE SHEET OF VADILAL CHEMICALS LIMITED (In Rs. Lakhs)
|
PARTICULARS |
31st March 2022 |
31st March 2021 |
31st March 2020 |
|
ASSETS |
|||
|
NON CURRENT ASSETS |
|||
|
Property, Plant & Equipment |
859.48 |
738.27 |
762.67 |
|
Capital Work in Progress |
- |
- |
- |
|
TOTAL NON-CURRENT ASSETS |
1001.36 |
854.09 |
854.82 |
|
CURRENT ASSETS |
|||
|
Inventories |
147.30 |
142.15 |
108.46 |
|
Trade receivables |
1347.09 |
954.34 |
945.99 |
|
Cash and cash equivalent |
43.30 |
56.27 |
97.08 |
|
Other Financial assets |
0.32 |
3.00 |
12.05 |
|
Other current assets |
690.28 |
348.09 |
247.79 |
|
TOTAL CURRENT ASSETS |
2344.64 |
1739.02 |
1808.15 |
|
TOTAL ASSETS |
3346 |
2593.11 |
2662.98 |
|
EQUITY AND LIABILITIES |
|||
|
EQUITY |
|||
|
Equity Share Capital |
487.40 |
487.40 |
487.40 |
|
Other Equity |
934.88 |
629.67 |
475.57 |
|
TOTAL EQUITY |
1422.28 |
1117.07 |
962.97 |
|
LIABILITIES |
|||
|
NON CURRENT LIABILITIES |
|||
|
Borrowings |
697.32 |
788.92 |
1085.68 |
|
Deferred Tax Liabilities |
59.34 |
47.76 |
40.54 |
|
TOTAL NON-CURRENT LIABILITIES |
770.03 |
849.88 |
1147.60 |
|
CURRENT LIABILITIES |
|||
|
Borrowings |
687.56 |
225.85 |
126.89 |
|
Trade Payables |
61.25 |
45.26 |
87.38 |
|
Other Financial Liabilities |
299.65 |
289.43 |
280.07 |
|
Provisions |
25.44 |
21.11 |
23.98 |
|
Other Current Liabilities |
69.85 |
39.63 |
34.07 |
|
TOTAL CURRENT LIABILITIES |
1153.69 |
626.16 |
552.40 |
|
TOTAL LIABILITIES |
1923.72 |
1476.04 |
1700 |
|
TOTAL EQUITY AND LIABILITIES |
3346 |
2593.11 |
2662.98 |
DIVIDEND HISTORY
|
Particulars |
2022 |
2021 |
2020 |
|
Dividend (final + interim) (In Rs.) |
0.50 |
- |
- |
|
Retained Earnings(In Rs. Lakhs) |
697.44 |
392.23 |
238.13 |
PERFORMANCE OF THE COMPANY
Revenue from Operations of the company increased by 47.53% from Rs. 4810.43 lakhs in FY 2021 to Rs. 7097.17 lakhs in FY 2022.
EBITDA of the company increased by 46.68% from Rs. 418.45 lakhs in FY 2021 to Rs. 613.81 lakhs in FY 2022.
Total borrowings of the company increased from Rs. 1014.77 lakhs as of 31st March 2021 to Rs. 1384.88 lakhs as of 31st March 2022. Due to this, the Finance cost of the company decreased by 0.82% from Rs. 115.39 lakhs to Rs. 114.44 lakhs.
Profit after Tax of the company increased by 99.34% from Rs. 153.95 lakhs in FY 2021 to Rs. 306.89 lakhs in FY 2022.
The Current Ratio of the company as of 31st March 2022 was 2.03.
The Debt to Equity Ratio of the company as of 31st March 2022 was 1.57.
The book value of the company as of 31st March 2022 was Rs.29.18
