|1. Assets and Liabilities Key Parameter
*Since the Company started its Joint Venture ARAPL Intelligent Equipment Shanghai Co.
Ltd in the financial year 2016-17,
so consolidated financial statements have been prepared for the financial year 2016-17 onwards.
2. Profit n Loss Key Parameter
(i) The Reveune
of the company in last 5 years ( FY13 to 6MFY18) is 17.27
Cr , 41.55
Cr and 46.74
Cr respectively. The Company is growing at a CAGR of 24.62%.
(ii) The PAT
of the company in last 5 years ( FY13 to 6MFY18) is 43.35
Cr and 3.76
Cr respectively. The Company is growing at a CAGR of 71.39%
(iii) The EBITDA
Margins of the company for FY13( 4.69
%) , FY16(9%
%) and 9MF18(16
(iv) P/B(post issue)= 1.97
(at cutoff price of 85)
(v) Annualized EPS(post issue)= 4.93
(vi) Annualized P/E(post issue)= 17 .24
at the cutoff price of 85
|3. Cash Flow Statement(all figures in Lacs)
|(i) Net Cash Generated from Operation
|(ii) Net Cash Generated from Investment
|(iii) Net Cash Generated from Financing Activity
|(iv) Total[ (i)+(ii)+(iii) ]
.The Company has issued 2,48,000
Shares at an Issue price of 75
to Pantomath Fund Managers
LLP[48000 no. of Shares] and Pantomath Sabrimala AIF Pantomath Sabrimala SME Growth Fund I Series
[2,00,000 no. of Shares].
. The Company has been facing working capital issues due to the nature of the business it operates into. Owing to this, the Company has accumulated unpaid tax liability as on 31st December 2017 totaling to Rs. 9.95 Cr
as per Restated Standalone Financial Statements. However, out of the above-mentioned amount, the Company has partly paid its Income Tax dues of Rs. 3.32 Cr in the month of March 2018. However, still, around 6 Cr of liability is still pending which is double the PAT of FY17.
from Operations in FY17 was at Rs. 40.26 Cr
compared to Rs. 47.02 Cr
in FY16. As per management, this decline in revenue
has been majorly due to fewer orders compared to previous year; also certain of their orders took longer than expected time for completion.
4.The Company has recently started a new business vertical i.e Secondary Packaging
. However, till date, the company has no order book into this category.
5.The Company mainly caters to automation
in Automobile Industry. So their success is highly dependent on the growth of this industry.
6.The Promoters Mr. Milind Manohar Padole
and Mr. Manohar Pandurang Padole
together hold 62,49,500
Shares at a meager cost of 40 paise
7.The Company has entered into joint venture with ARAPL Intelligent Equipment Shanghai Co. Ltd in FY16-17, so consolidated financials is prepared from FY17 onwards considering this joint venture as well.
has gone from 9%
in FY16 to 20%
in FY17, mainly due to the decrease in cost of material consumed and other expenses.
was dipped to 14 Lacs
in FY15 as compared to 81.20 Lacs
in FY14 mainly due to increase in the cost of Finance, high employee cost and Depreciation.