valorem day 2016 – analyst conference

Transcription

VALOREM DAY 2016 – ANALYST CONFERENCE
CONFERENCE COMPENDIUM
INDEX
COMPANY NAME
PAGE NUMBER
ASHAPURA INTIMATES FASHION LTD.
1
BS LTD.
2
D. S. KULKARNI DEVELOPERS LTD.
3
FINEOTEX CHEMICAL LTD.
4
GOODLUCK STEEL TUBES LTD.
5
INFINITE COMPUTER SOLUTIONS (INDIA) LTD.
6
MAN INDUSTRIES (INDIA) LTD.
7
MODI NATURALS LTD.
8
PIONEER INDUSTRIES LTD.
9
SHEMAROO ENTERTAINMENT LTD.
10
SRIKALAHASTHI PIPES
11
SVP GLOBAL VENTURES
12
UJAAS ENERGY LTD.
13
ZICOM ELECTRONIC SECURITY SYSTEMS LTD.
14
ASHAPURA INTIMATES FASHION LTD.
Click here to view Investor Kit - http://www.valoremadvisors.com/ashapura/
COMPANY BACKGROUND………………….……
KEY STRENGTHS………………………..….…………
KEY DATA
 Incorporated in July 2006, Ashapura Intimates
Fashion Limited (‘AIFL’ or ‘Company’), is
engaged in the business of designing, branding,
marketing and retailing of intimate garments.
 Promoter has strong business acumen and
industry knowledge.
BSE Code
535467
NSE Code
AIFL
 Strong distribution network of 115 distributors,
including an overseas distributor, 10 C&F agents
and 65 salesmen all over India.
Reuters
ASHP.BO
Bloomberg
AIFL IN
 AIFL’s product range include loungewear,
nightwear, maternity wear, bridal wear,
bathrobes, sportswear and kids wear.
 The company is headquartered in Mumbai and
has its central warehousing facility at Thane,
Mumbai.
 AIFL currently has 23 Exclusive Brand Outlets
across India and is also present in many multi brand outlets and E-commerce portals.
 The company has a multi channel presence
through its distribution network, EBO’s, modern
retail chain tie-ups, and its online presence.
 It also exports its products under its own brand in
the MENA region.
 Company focusing on improving margins and
profitability by taking various measures like
reducing working capital cycles, increasing
sales through higer margin sales verticals like
EBO’s and E-Commerce.
FINANCIAL PERFORMANCE…..……………………………………………………………………………………
(INR. Mn)
INCOME
EBIDTA
EBIDTA%
PAT
PAT%
EPS
FY13
1,312
144
10.97%
47
3.58%
3.33
FY14
1,676
201
11.99%
54
3.22%
2.78
FY15
1,792
249
13.89%
87
4.85%
4.45
9M FY16
1,379
200
14.50%
90
6.52%
4.54
1
MARKET DATA (INR) as on 31st Dec 2015
Face Value
10
CMP
293.7
52 Week H/L
311.0/134.0
MCAP (Mn)
4,500
Shares O/S (Mn)
19.5
1 Yr Avg. Vol (‘000)
60.5
1 Yr Avg. T/O (Mn)
14.9
SHAREHOLDING PATTERN
as on 31st Dec 2015
Promoters
67.7%
FII
0.0%
DII
3.8%
Public
28.5%
BS LTD.
Click here to view Investor Kit - http://www.valoremadvisors.com/bs/
 Promoted by Mr. Rajesh Agarwal, BS Limited is
now in its 11th year of operations, having started
with manufacturing towers and moving up the
value chain into turnkey services, EPC and
BOOM projects, for the power Transmission and
Distribution Sector.
 The Company recently announced certain
acquisitions for vertical integration that will
provide it the benefit of economies of scale.
 The company is backward and forward
integrated and has two manufacturing units
located in Hyderabad for tower manufacturing
/ galvanizing and structural steel mill
manufacturing.
 Pan India presence with project execution
 capabilities ranging from 11 kV to 1200kV
transmission line towers and 33kV to 400kV
substations.
KEY DATA
BSE Code
533276
BSE Scrip ID
BSLIMITED
Reuters
BSLI.NS
 Single largest tower facility in India with a
capacity of 2,40,000 MT p.a.
Bloomberg
BSTL:IN
 One of the few companies to have backward
integration in the form of structured steel mill unit
having capacity of 1,20,000 MT p.a giving it
added advantage on the margin front.
Face Value
1
CMP
28.2
 Strong order book of INR 26 billion, net debt to
equity ratio of 0.9 and ROCE of 21.1%.
52 Week H/L
44/19.2
MCAP (Mn)
12,433
Shares O/S (Mn)
440.9
578.3
1 Yr Avg. T/O (Mn)
17.3
 Mixed portfolio of EPC, turnkey, tower supply and
BOOM projects — diverse revenue sources.
 BS is involved in executing the world’s first and
largest UHV Transmission line on 1200kV in
Maharashtra that envisages the ‘One Nation –
One Grid – One Frequency’ Mission of India.
FINANCIAL PERFORMANCE…..…………………………………………………………………………………….
(INR. Mn)
INCOME
EBIDTA
EBIDTA%
PAT
PAT%
EPS
FY13
19,925
2,007
10.07%
638
3.20%
1.45
FY14
23,271
2,433
10.46%
704
3.03%
1.60
FY15
26,823
3,044
11.35%
752
2.80%
1.71
9M FY16
30,360
2,659
8.76%
570
1.88%
1.29
2
as on 31st Dec 2015
Promoters
67.9%
FII
2.8%
DII
0.1%
Public
29.2%
D. S. KULKARNI DEVELOPERS LTD.
Click here to view Investor Kit - http://www.valoremadvisors.com/dsk/
KEY DATA
 D. S. Kulkarni Developers Ltd. (DSK) is a
dominant and preferred real estate company
based out of Pune, India. It is promoted by Mr.
D.S. Kulkarni, an entrepreneur who built the
company from humble beginnings.
 Established brand name.
BSE Code
514034
 Track record of on-time delivery.
NSE Code
DSKULKARNI
 Operating in the mid-income group where
demand is high and volatility is low.
Reuters
DSKL.NS
Bloomberg
DSK:IN
 The group began construction in 1980 as a
partnership firm. It had its IPO in 1991 & has
completed over 50 projects till date i.e. over 10
million square feet.
 Strategic land bank available.
 DSK developed one of the first township
projects in India called DSK Vishwa, and is now
developing a luxury one of it’s kind township
project called DSK Dream City.
 Well diversified – project-wise and geographywise.
 Expansion within successful projects to leverage
existing goodwill.
 More than 15 on going projects with over 5
million sq. ft. under development ensuring long
term revenue, which does not include the DSK
Dream City township project.
Face Value
10
CMP
108.0
52 Week H/L
132.6/69.1
MCAP (Mn)
2,787
Shares O/S (Mn)
25.8
18.7
1 Yr Avg. T/O (Mn)
1.8
(INR. Mn)
INCOME
EBIDTA
EBIDTA%
PAT
PAT%
EPS
as on 31st Dec 2015
FY13
2,423
332
13.70%
140
5.78%
5.44
Promoters
49.3%
FY14
2,349
400
17.03%
157
6.68%
6.09
FII
0.0%
FY15
3,578
363
10.15%
149
4.16%
5.76
DII
0.8%
9M-FY16*
3,449
390
11.31%
188
5.45%
7.28
Public
49.9%
3
FINEOTEX CHEMICALS LTD.
Click here to view Investor Kit - http://www.valoremadvisors.com/fcl/
 Fineotex Group was established in 1979 by Mr.
Surendra Tibrewala.
 Strong Balance Sheet with Zero Debt.
 The Company manufactures over 400 products
which include specialty chemicals and enzymes
for Textile, Garment, Construction, Leather,
Water treatment, Agrochemicals, Adhesives
and others industries.
 Professionally run company
Promoter holding of 72%.
 Headquartered
in
Mumbai,
it
has
manufacturing facilities in India and Malaysia
with a combined production capacity of 22,000
MT p.a.
 It has a global presence across 33 countries and
caters to well known companies in India and
overseas.
 High ROE,
Payouts.
ROCE
and consistent Dividend
with
a
high
 Strong Industry Knowledge with over three
decades of operations.
 Low cost, high margin customized products
resulting in high entry barriers.
 Biotex provides technological edge to Fineotex
Products.
 Well diversified product portfolio with high level
of customization.
KEY DATA
BSE Code
533333
NSE Code
FCL
Reuters
FINE.NS
Bloomberg
FTXC:IN
Face Value
2
CMP
35.8
52 Week H/L
44.6/17.8
MCAP (Mn)
2,970
Shares O/S (Mn)
22.5
8.0
1 Yr Avg. T/O (Mn)
275.9
(INR. Mn)
INCOME
EBIDTA
EBIDTA%
PAT
PAT%
EPS
as on 31st Dec 2015
FY13
984
120
12.19%
81
7.11%
6.27
Promoters
71.7%
FY14
895
121
13.51%
78
7.26%
2.89
FII
0.0%
FY15
1,065
210
19.71%
146
12.11%
5.75
DII
0.0%
9M-FY16
888
212
23.87%
140
13.62%
1.08*
Public
28.3%
* 5:1 stock split in June 2015
4
GOODLUCK STEEL TUBES LTD.
Click here to view Investor Kit - http://www.valoremadvisors.com/goodluck%20steel/
KEY DATA
 Good Luck Steel Tubes is a diversified company
with 3 decades of experience in manufacturing
Steel Tubes, Engineering Structures, Forgings and
Cold Rolled value added products.  Mix changing favourably towards Precision
Tubes, Engineering Structures, Forgings and
other value added products. Share of these
value added high margin products has grown
from 39 % in 2011 to 48 % in FY15.
BSE Code
530655
NSE Code
GOODLUCK
Reuters
GLST.NS
Bloomberg
GLST:IN
 The company has a total
capacity of 2,00,000 MT p.a.
manufacturing
 The company’s products are sold domestically
and to over 100 countries across the world to
high growth sectors like Auto, Power,
Infrastructure, Oil & Gas and is also diversifying
further into high end engineering structures for
Solar, Railways, Defense etc.
 Over the years GoodLuck has strategically
shifted its focus towards the high-margin value
added steel products like forgings and structured
steels.
 Strong Industry Knowledge — Three decades of
experience with consistent growth and progress.
 Strong Capital and operational efficiencies
resulting in good return ratios.
Face Value
2
CMP
103.6
 Diverse product range with good level of
customization.
52 Week H/L
117.8/70.0
 Catering to Marquee clients across the world.
MCAP (Mn)
2,279
Shares O/S (Mn)
22.0
10.9
1 Yr Avg. T/O (Mn)
121.8
 A base of over 450 customers spread over 100
countries across the world.
(INR. Mn)
INCOME
EBIDTA
EBIDTA%
PAT
PAT%
EPS
as on 31st Dec 2015
FY13
9,774
743
7.60%
219
2.24%
11.72
Promoters
60.5%
FY14
10,021
710
7.09%
177
1.77%
9.46
FII
1.4%
FY15
11,031
864
7.83%
279
2.53%
13.31
DII
0.1%
9M-FY16
7,649
796
10.41%
258
3.37%
11.71
Public
38.0%
5
INFINITE COMPUTER SOLUTIONS (INDIA) LTD.
Click here to view Investor Kit - http://www.valoremadvisors.com/infinite/
KEY DATA
 Infinite Computer Solutions (India) Ltd (ICSL) was
established in 1999 by Mr. Sanjay Govil, who
previously worked with IBM and Verizon.
 Infinite has become successful in acquiring
clients like IBM, Verizon, Nokia-Siemens, Xerox in
telecom, technology etc.
BSE Code
533154
NSE Code
INFINITE
The company is a global service provider of IT
Services including Application Management &
Infrastructure Management along with Product
Engineering Solutions and Mobility & Messaging
Products and Solutions.
 Offering new products like Rich Communication
Services (RCS), Enterprise messaging service
(EMS), Netsfere, IPS, CMS etc. which are
showing good traction.
Reuters
INFI.NS
Bloomberg
ICSL.IN

 Infinite caters to the Telecom, Energy & Utilities,
Media & Content, Healthcare and Banking &
Finance industries.
 Revenue
mix
moving
towards
Product
Engineering and mobility segment with better
growth and high margins.
Face Value
10
CMP
214.8
 Core expertise areas include Service Oriented
Architecture, Enterprise Analytics, Mobility and
platform based delivery etc.
52 Week H/L
323.0/122.5
MCAP (Mn)
8,313
Shares O/S (Mn)
38.7
124.9
1 Yr Avg. T/O (Mn)
26.2
(INR. Mn)
INCOME
EBIDTA
EBIDTA%
PAT
PAT%
EPS
as on 31st Dec 2015
FY13
13,906
2,184
15.71%
1,307
9.40%
30.72
Promoters
74.8%
FY14
17,327
1,856
10.71%
898
5.18%
21.73
FII
3.5%
FY15
17,374
1,901
10.94%
1,129
6.50%
27.96
DII
0.1%
9M FY16
15,548
1,434
9.22%
908
5.84%
22.87
Public
21.6%
6
MAN INDUSTRIES (INDIA) LTD.
Click here to view Investor Kit - http://www.valoremadvisors.com/man/
KEY DATA
 Promoted by Mansukhani family, Man Group
was established in 1970 with Man Industries
(India) Ltd as a flagship company incorporated
in 1988.
 Profit making company since inception and
consistently dividend paying to shareholders.
BSE Code
513269
NSE Code
MANINDS
 Anjar plant is strategically located in close
proximity to Kandla & Mudra ports. The plant is
also close to National Express Highways.
Reuters
MIND.NS
Bloomberg
MAN:IN
 The company exports is one of the largest
manufacturer & exporter of large diameter
carbon steel line pipes (LSAW & HSAW).
 The Company exports to countries like Africa,
Middle East, Latin America & Asia Pacific.
 It has two plants: one plant in Anjar, Kutch
District of Gujarat and other in Pi-thampur,
Madhya Pradesh, spread over a total of 150
Acres, with a total capacity of 1,000,000 MT p.a.
 Exports to almost all the corners of the world.
Majority of clients come from Oil & Gas sector
such as GAIL, CPCL, EIL, SHELL, PETROBANGLA,
KINDER MORGAN, GASCO & many more.
 The company has supplied more than 10,000
Kilometers of line pipes over the world.
 Order book growing due to increased capex for
economical transportation of oil and gas, and for
HSAW pipes increased domestic demand due to
river linking projects.
Face Value
5
CMP
96.6
52 Week H/L
128.4/44.4
MCAP (Mn)
5,513
Shares O/S (Mn)
57.1
697.1
1 Yr Avg. T/O (Mn)
63.3
(INR. Mn)
INCOME
EBIDTA
EBIDTA%
PAT
PAT%
EPS
as on 31st Dec 2015
FY13
15,415
2,791
18.10%
1,007
6.50%
17.32
Promoters
55.2%
FY14
10,361
858
8.30%
89
0.90%
1.56
FII
5.1%
FY15
14,015
1,523
10.90%
536
3.80%
9.38
DII
0.6%
9MFY16
11,016
1,549
14.06%
566
5.14%
9.91
Public
39.1%
7
MODI NATURALS LTD.
Click here to view Investor Kit - http://www.valoremadvisors.com/modinaturals/
KEY DATA
 Modi Naturals Limited (MNL) was Incorporated
in 1974 by Mr. D.D Modi, and is headquartered
out of New Delhi, India.
 30 years of management expertise in the edible
oil business.
BSE Code
500214
NSE Code
NA
 End to end manufacturing facility from crushing,
refining to solvent extraction and packaging.
Reuters
MODN.BO
Bloomberg
MNAT:IN
 It is in the business of manufacturing &
marketing of edible oils and de-oiled cakes.
 In 2010, MNL launched its first branded edible oil
and has since then increased its focus from nonbranded edible oils to the branded segment
and has also increased its presence across India
in branded products.
 The company’s branded product portfolio
includes Oleev Olive oil, Oleev Active (Blend of
Olive oil and Rice Bran Oil), Rizolo Rice bran oil,
Tarai shudh Mustard oil, Tarai Tasty.
 Availability of key raw
manufacturing location.
materials
near
 Moving away from commodity nature
business to premium branded products.
of
 Already made investments in the last 3-5 years
for brand building, distribution network and
marketing.
Face Value
10
CMP
89.7
52 Week H/L
101.9/15.0
MCAP (Mn)
997
Shares O/S (Mn)
11.1
7.8
1 Yr Avg. T/O (Mn)
0.3
(INR. Mn)
INCOME
EBIDTA
EBIDTA%
PAT
PAT%
EPS
as on 31st Dec 2015
FY13
1,946
62
3.19%
20
1.03%
1.83
Promoters
73.8%
FY14
2,098
46
2.19%
8
0.38%
0.74
FII
6.6%
FY15
2.339
42
1.78%
2
0.09%
0.14
DII
0.0%
9MFY16
1,800
49
2.72%
33
1.83%
2.93
Public
19.6%
8
PIONEER EMBROIDERIES LTD.
Click here to view Investor Kit - http://www.valoremadvisors.com/pioneerembroideries/
KEY DATA
 Pioneer Embroideries incorporated in 1991 by Mr
Rajkumar Sekhani is an established name in the
Embroidery, Yarn and Laces industry. The company
Is
headquartered
in
Mumbai
and
has
manufacturing and processing facilities across the
country.
 One of the largest manufacturer and exporter of
embroideries and Laces.
BSE Code
514300
NSE Code
PIONEEREMB
 Strong market knowledge and intelligence leading
to improved designs with over 3 Lakh design
collections in Embroideries, Fabrics and Laces.
Reuters
PIOE:NS
Bloomberg
PNE:IN
 It is one of India’s largest manufacturer and exporter
of Embroideries and Laces.
 Niche presence in Doped dyed products and a
pioneer in bringing branding to an ancillary business
like embroidery.
 The company manufactures Doped dyed yarn
under the brand name of Silkolite.
 One of the few companies to a have color library of
more than 1,200 shades of Dope dyeing.
 The Company also has a retail brand for
embroidered fabrics and sarees called HAKOBA
which is a synonym to embroidery garments across
the world.
Face Value
10
CMP
80.9
52 Week H/L
83.5/18.0
MCAP (Bn)
1,497
Shares O/S (Mn)
18.5
49.5
1 Yr Avg. T/O (Mn)
23.8
(INR. Mn)
INCOME
EBIDTA
EBIDTA%
PAT
PAT%
EPS
as on 31st Dec 2015
FY13
2,481
186
7.49%
(338)
NA
NA
Promoters
46.1%
FY14
2,808
203
7.23%
(77)
NA
NA
FII
0.0%
FY15
3,036
368
12.12%
110
3.62%
3.63
DII
5.3%
9M- FY16
2,260
511
22.61%
323
14.29%
14.33*
Public
48.6%
* EPS includes extraordinary item
9
SHEMAROO ENTERTAINMENT LTD.
Click here to view Investor Kit - http://www.valoremadvisors.com/shemaroo/
 Shemaroo Entertainment Ltd is a well
established and reputed media content house
in India, with activities in Acquisition, Value
Addition to Content and Content Distribution.
 The company was started by Mr. Budhichand
Maroo as a book circulating library in 1962, and
moved on to setting up one of India’s first movie
video cassette rental business in 1979.
KEY DATA
BSE Code
538685
NSE Code
SHEMAROO
Reuters
SHEM.NS
Bloomberg
SHEM.IN
 Over the years Shemaroo has become one of
the largest independent content aggregators in
India.
 They Distribute their content through different
existing and emerging media platforms like
Broadcasting channels, new media platforms
like mobiles, internet, In flight entertainment etc.
Face Value
10
CMP
298.7
52 Week H/L
321.5/162.5
MCAP (Mn)
8,119
Shares O/S (Mn)
27.2
43.3
1 Yr Avg. T/O (Mn)
10.4
(INR. Mn)
INCOME
EBIDTA
EBIDTA%
PAT
PAT%
EPS
as on 31st Dec 2015
FY13
2,161
587
27.16%
235
10.87%
11.87
Promoters
65.8%
FY14
2,654
658
24.79%
272
10.24%
13.68
FII
8.7%
FY15
3,247
881
27.13%
409
12.59%
17.35
DII
2.9%
9MFY16
2,721
756
27.78%
357
13.12%
13.13
Public
22.6%
10
SRIKALAHASTHI PIPES LTD.
Click here to view Investor Kit - http://www.valoremadvisors.com/sripipes/
 Srikalahasthi Pipes Limited “SPL” (Formerly
known as Lanco Industries Ltd.) was established
in 1991 by Lanco Group of Companies to
manufacture Pig Iron. The company is currently
a part of the Electrosteel Casting group.
 The company has a DI Pipe capacity of 2,25,000
tonnes and is backward integrated with a sinter
plant, coke oven plant, power plant and
Sewage Treatment facilities, giving them a
significant competitive advantage.
 SPL is amongst the top 10 players in the DI pipe
industry in India, with a 75% market share in
Southern / Western India.
KEY DATA
 SPL owns railway siding which helps bring its
major raw materials, to the plant and also in
dispatching its finished products in an efficient
and timely manner.
BSE Code
513605
NSE Code
SRIPIPES
Reuters
SRIK.NS
Bloomberg
SRIK:IN
 Backward integrated and one of the lowest
cost producer.
 Favourably placed in the Southern market as no
other major producer.
Face Value
10
 Better placed to benefit from government
water supply and smart city projects.
CMP
264.3
 Capex plan to increase capacity from 225,000
MT to 285,000 MT in order to meet increasing
demand.
52 Week H/L
349.0/71.6
MCAP (Mn)
10,509
Shares O/S (Mn)
39.8
190.0
1 Yr Avg. T/O (Mn)
38.6
(INR. Mn)
INCOME
EBIDTA
EBIDTA%
PAT
PAT%
EPS
as on 31st Dec 2015
FY13
8,739
613
7.01%
(131)
NA
NA
Promoters
50.8%
FY14
9,966
1,243
12.47%
387
3.88%
9.73
FII
3.6%
FY15
10,922
1,943
17.78%
830
7.59%
20.87
DII
28.8%
9M-FY16
8,425
2,095
24.87%
1,127
13.38%
28.34
Public
16.8%
11
SVP GLOBAL VENTURES LTD.
Click here to view Investor Kit - http://www.valoremadvisors.com/svpglobal/
KEY DATA
 SVP Global Ventures (“SVP”) is a state of the art
yarn manufacturing company.
BSE Code
505590
NSE Code
SVPGLOB
 The compnay is a part of a 100 year old
conglomerate – Shrivallabh Pittie Group.
Reuters
SVPG.BO
Bloomberg
SGVL:IN
 SVP is the holding company for the entire Textile
branch of ShriVallabh Pittie Group.
 Headquartered in Mumbai, the company’s
current production capacity is 2,10,000 spindles
(i.e. approx. 45,000 tonnes of yarn).
 The Company has manufacturing facilities at
Coimbatore, Palani, Madurai in Tamil Nadu and
setting up new facilities in Jhalawar, Rajasthan.
 The company supplies to multiple leading
brands in India and has a diverse customer
base across the country.
 The
company
is
undertaking
capacity
expansion of additional 2,00,000 spindles and
2,400 rotors (~55,000 tonnes of yarn) for
compact yarn.
Face Value
10
CMP
42.0
52 Week H/L
50.0/11.4
MCAP (Mn)
531
Shares O/S (Mn)
12.7
65.7
1 Yr Avg. T/O (Mn)
0.2
(INR. Mn)
INCOME
EBIDTA
EBIDTA%
PAT
PAT%
EPS
as on 31st Dec 2015
FY13
55
2
3.63%
0.2
0.36%
0.30
Promoters
67.6%
FY14
54
2
3.70%
0.4
0.74%
0.46
FII
0.0%
FY15
373
4
1.07%
2
0.54%
0.15
DII
0.0%
9MFY16
5,470
267
4.88%
66
1.21%
2.65
Public
32.4%
12
UJAAS ENERGY LTD.
Click here to view Investor Kit - http://www.valoremadvisors.com/ujaas/
KEY DATA
 UJAAS (UEL) has been in the business of
manufacturing transformers for more than 30
years.
 UEL is currently managing more than 140 MW
under UJAAS Solar projects, making it one of the
largest in India under the REC mechanism.
BSE Code
533644
NSE Code
UJAAS
 The company became a pioneer in generation
of green energy by becoming one of India’s first
public companies to enter into the Solar Power
generation under the REC mechanism.
 Recurring Revenue every year will come from
O&M.
Reuters
UJAA.NS
Bloomberg
UJEL IN
 UJAAS offers a ONE STOP turnkey solution where
the company takes care of all aspects related
to setting up a solar power plant, from
acquisition of land, erecting of mounting
systems and modules, and setting up
evacuation infrastructure.
 The company focuses on an asset light model
business offering solar power parks under REC
mechanism, EPC for solar projects and rooftop
solar installations.
 The Jawaharlal Nehru National Solar Mission was
launched in 2010. As per the National Tariff Policy,
solar specific renewal purchase obligation entail
that by 2022, 8% of the energy demand in each
state must be met through solar sources. Hence,
by 2022, India’s Solar Power requirement could be
around 100 GW, which currently stands at around
5 GW. This offers a massive growth opportunity for
everyone in the Solar space.
 Asset light model.
Face Value
1
CMP
21.5
52 Week H/L
24.2/13.6
MCAP (Mn)
4,300
Shares O/S (Mn)
200
338.2
1 Yr Avg. T/O (Mn)
6.5
(INR. Mn)
INCOME
EBIDTA
EBIDTA%
PAT
PAT%
EPS
as on 31st Dec 2015
FY13
2,480
508
20.48%
270
10.89%
1.35
Promoters
70.7%
FY14
5,332
991
18.58%
374
7.01%
1.87
FII
0.0%
FY15
1,133
445
39.28%
117
10.33%
0.59
DII
1.3%
9MFY16
1,115
339
30.40%
70
6.28%
0.35
Public
28.0%
13
ZICOM ELECTRONIC SECURITY SYSTEMS LTD.
Click here to view Investor Kit - http://www.valoremadvisors.com/zicom/
KEY DATA
 In 1994, Zicom India, the flagship company of
the Zicom Group was founded by Mr. Manohar
Bidaye and Mr. Pramoud Rao.
 Strong brand recall.
BSE Code
531404
 Pan India presence.
NSE Code
ZICOM
 Unisafe is one of the 4 A+ category fire protection
contractors.
Reuters
ZICO.NS
Bloomberg
ZSS:IN
 Over the years, Zicom India has emerged as the
pioneer and leader in the Indian electronic
security market.
 The company offers CCTV surveillance, access
controls, biometric services in India, and the
Middle East, it is present in the Fire Safety EPC
solutions.
 Marquee projects under their belt such as Burj
Khalifa and Etihad Tower.
 First mover advantage in SaaS segment which
provides a platform to grow non-linearly with a
low capital expenditure.
Face Value
10
CMP
132.8
 Zicom has launched Zicom eSaaS in 2012,
offering video surveillance solutions as a service
to housing societies and institutions like Banks.
 SaaS technology platform is hardware agnostic
allowing Zicom to provide service to CCTVs of any
brand.
52 Week H/L
196.5/111.5
MCAP (Mn)
2,683
 Zicom operations are spread across 4 countries
namely India, UAE, Qatar and Saudi Arabia.
 Surveillance camera awareness and requirement
is increasing rapidly.
Shares O/S (Mn)
20.1
50.7
1 Yr Avg. T/O (Mn)
8.2
(INR. Mn)
INCOME
EBIDTA
EBIDTA%
PAT
PAT%
EPS
as on 31st Dec 2015
FY13
6,936
849
12.24%
303
4.38%
18.73
Promoters
20.9%
FY14
9,286
1,109
11.94%
419
4.51%
24.39
FII
0.0%
FY15
11,129
1,447
13.00%
506
4.55%
28.04
DII
2.8%
9MFY16
8,589
1,110
12.92%
319
3.71%
15.03
Public
76.3%
14
THANK YOU
For further details please contact
Sheetal Khanduja / Upasana Chheda
Phone: +91-22-30067521/22/23/24
Email: vday@valoremadvisors.com
Address: Valorem Advisors,
B2-908, Marathon Innova, Veer Santaji Marg,
LowerParel (W) Mumbai – 400013, India
Website: www.valoremadvisors.com
15

valorem day 2016 – analyst conference

Transcription

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