ABOUT WEBFIL LIMITED
WEBFIL LIMITED was formed as a joint venture company between WBIDC - West Bengal Industrial Development Corporation Limited (Undertaking of Government of West Bengal) and Group Companies of Andrew Yule & Company Limited (A Government of India Enterprise).
The company was incorporated in the year 1979. The company transformed from being the manufacturer of Tungsten Filaments for GLS/incandescent lamps and Cathodes for Fluorescent and Compact Fluorescent Tubes to a leading multi-product company with widespread activities. The company is now primarily engaged in the manufacturing of a range of telecommunications & Railway Signalling equipment and execution of turnkey projects for telecommunication and other IT & ITes related projects. Webfil Limited is the first Indian company to have successfully indigenously developed Optical Line Terminal Equipment.
Webfil Limited has a significant presence in the Filament Industry as well. The company is the largest exporter of filaments/tungsten & molybdenum wires from India and exports it to over 20 countries.
The manufacturing facility for the Filament and Digital division of the company is located at Kalyani, West Bengal.
The equity shares of Webfil Limited are listed on the Calcutta stock exchange.
31 May 1979
Category/Sub-category of the Company
Address of the Registered office and contact details
“YOULE HOUSE” 8, Dr. Rajendra Prasad Sarani, Kolkata-700 001
Tel: (033) 2242 8210/8550
Name, Address and Contact Details of
Registrar and Transfer Agent, if any
M/s. Share Transfer Agent Limited
383, Lake Garden, 1st Floor Kolkata-700 045
Tel: (033)4072 4051/52/53
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
Drop/Insert Digital Multiplexer with Accessories
a) Railway Signalling & OFC Communication
b) NTTIDCO: WIFI & Telecom
c) With Government Authorities
BOARD OF DIRECTORS
Shri Jayanta Ray (Chairman)
Shri Sujit Chakravorti (Independent Director)
Shri Ashoke Kumar Dutt (Independent Director)
Shri Soumen Das (Independent Director)
Smt. Sujata Roy (Independent Director)
Shri Debasis Konar (Nominee Director)
Shri Subhagya Parida (Nominee Director)
Shri K. Mohan (Non-Executive Director)
PARTICULARS OF ASSOCIATE COMPANIES
Name of the Company
% of shares held
New Town Telecom Infrastructure Development Company Limited (NTTIDCO)
(As of 31-03-2020)
Number of shares
% of total Shares of the company
Andrew Yule & Co. Ltd.
The Bengal Coal Co. Ltd.
The New Beerbhoom Coal Co. Ltd.
Yule Financing & Leasing Co. Ltd
Tide Water Oil Co. (I) Ltd.
West Bengal Industrial Development Corp. Ltd.
Currently, India is the world’s second-largest telecommunications market with a subscriber base of 1.16 billion. The telecommunication industry in India has registered rapid growth over the past decade and propelled by favourable regulation policies of the Government, the Indian telecom sector is expected to witness further growth in the next few years. The deregulation of Foreign Direct Investment (FDI)norms coupled with Government reforms in support of initiatives like Digital India, etc., are expected to provide ample scope for the sector’s growth in the near future. The Union Cabinet approved Rs. 12,195 crore(US$ 1.65 billion) production-linked incentive (PLI) scheme for telecom &networking products under the Department of Telecom. In 2021-22, theDepartment of Telecommunications has been allocated Rs. 58,737 crore (US$8 billion). 56% allocation is towards revenue expenditure and the remaining 44%is towards capital expenditure.
Webfil Limited’sDigital Division, engaged primarily in the manufacture of a range of telecommunication equipment, and execution of turnkey projects for telecommunication networks, is progressing at a commendable pace, and the recent reforms in the telecom sector are expected to have a favourable impact on the Division’sinitiatives for further growth.
The Digital Division continues to serve the Indian Railways significantly, and recent initiatives in the sector aimed at empowerment of Indian Railways have lifted the Division’shopes of augmenting the volume of business transacted with the Railways. The ‘Digital India’ campaign launched by the Government of India is likely to result in the growth of telecom infrastructure projects undertaken across the country with the objective of providing citizens with increased Internet connectivity, and improved online infrastructure for accessing services electronically. The special projects segment of the Digital Division of Webfil limited hopes to reap a substantial number of benefits from such developments.
The manufacture of illumination devices in the country is undergoing modernisation and due to the increasing demand for energy-efficient products, the business volume of the Company’s FilamentDivision is not likely to develop further.
KEY FINANCIALS OF WEBFIL LIMITED(In Rs. Lakhs)
Revenue from Operations
Profit Before Exceptional items and Tax
Profit After Tax (PAT)
BALANCE SHEET OF WEBFIL LIMITED(In Rs. Lakhs)
NON CURRENT ASSETS
Property, Plant and Equipment
Long-Term Loans and Advances
Other non-current assets
TOTAL NON CURRENT ASSETS
Cash and Cash Equivalents
Other Financial Assets
Current Tax Assets (Net)
Other Current Assets
TOTAL CURRENT ASSETS
EQUITY AND LIABILITIES
Reserves and Surplus
NON CURRENT LIABILITIES
Long Term Borrowings
TOTAL NON CURRENT LIABILITIES
Short Term Borrowings
Other Financial Liabilities
Other Current Liabilities
TOTAL CURRENT LIABILITIES
TOTAL EQUITY AND LIABILITIES
Dividend (final + interim) (In Rs.)
Retained Earnings (Consolidated) (In Rs. Lakhs)
PERFORMANCE OF THE COMPANY
The total revenue from operations during the FY 2020stood atRs. 5,105.28 lakhs as against Rs. 5,631.82 lakhs in the previous year, representing a decline of 9.35% over FY 2019.
The Revenue of the Filament Division decreased from Rs. 506.20 lakhs in FY 2019 to Rs.319.64 lakhs during the year FY 2020 representing a decline of 36.85%.
The Revenue of the Digital Division decreased from Rs. 5,125.62 lakhs in FY 2019 to Rs.4,785.63 lakhs during FY 2020 representing a decline of 6.63%.
The decline in revenue generated by the Filament Division is expected to be offset by the Company's efforts at diversification into various IT related services, as well as an anticipated increase in revenue earned through UFSBI and BPAC business. The value of exports on a FOB basis for the year ended 31st March 2020 amounted toRs.199.90 lakhs.
EBITDA of the company increased by 71% from Rs. 337.30 lakhs in FY 2019 to Rs. 575.86 lakhs in FY 2020. EBITDA margin of the company increased from 5.99% in FY 2019 to 11.28% in FY 2020.
Profit after Tax of the company increased by 10.11% from Rs. 264.14 lakhs in FY 2019 to Rs. 290.85 lakhs in FY 2020.
The Current Ratio of the company as of 31st March 2020 was 1.20.
Webfil Limited has not given any dividends for the past three years.
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