Uma Exports IPO
(i) The Company is engaged into trading and marketing of agricultural produce and commodities such as sugar, spices like dry red chillies, turmeric, coriander, cumin seeds, food grains like rice, wheat, corn, sorghum and tea, pulses and agricultural feed like soyabean meal and rice bran de-oiled cake.
(ii) Uma import lentils, faba beans, black urad dal and tur dal in India in bulk quantities. The major imports are from Canada, Australia and Burma. They are B2B traders, highly specialized in sugar and Lentils. They maintain stocks and distribute them to different institutional parties like manufacturers, exporters, etc.
(iii) The Company has developed business strategy to switch over exports/imports from one commodity to another with change in demand or inconsistency in pricing for any commodity during any season. This policy adopted by the management ensures that the Company does not pass through a lean period during the year.
(iv) With an objective of having overseas presence, the Company acquired 100% shareholding of U.E.L. International FZE, incorporated under the laws of United Arab Emirates. U.E.L. International FZE is engaged in business of trading in sugar, spices & textile.
(v) The Company is promoted by Rakesh Khemka and Sumitra Devi Khemuka. Rakesh Khemka is the guiding force behind the growth of the Company and possesses more than two decades of experience in the trading & retailing.
(vi) Financial Performance
a) The total revenues on consolidated basis for the Fiscals 2021, 2020, 2019 were ₹ 752 Crores, ₹ 810 Crores, ₹ 329 Crores respectively, and grew at a CAGR of 51.10% over such period.
b) EBITDA on consolidated basis for the Fiscals 2021, 2020, 2019 were ₹ 21 Crores, ₹ 20 Crores, ₹ 9 Crores respectively, and grew at a CAGR of 52.76% over such period.
c) Profit after tax on consolidated basis for the Fiscals 2021, 2020, 2019 was ₹ 12 Crores, ₹ 8 Crores, ₹ 2.88 Crores respectively, and grew at a CAGR of 105.45%.
(vii) Export data Country Wise (FY20-21) – This segment contributes 10% in revenue.
a) Sri-Lanka = 36.6%
b) Afghanistan = 32%
c) Bangladesh = 16.06%
d) China = 9%
Objects of the Uma Exports IPO:
Uma Exports IPO Details:
|Open Date:||Mar 28 2022|
|Close Date:||Mar 30 2022|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Building|
|Issue Size:||60 Cr.|
|Lot Size:||220 Shares|
|Issue Price:||₹ 65-68 Per Equity Share|
|Listing Date:||Apr 07 2022|
Promoters And Management:
Financials of Uma Exports IPO:
|Particulars (in Lakhs)||Sep-21||Mar-21||Mar-20||Mar-19|
|Change in Inventories||-14,052||-4,654||1,621||-862|
|Employee Benefits Expense||78||134||175||116|
|Profit before tax||1,221||1,650||1,095||377|
|Total Tax Exps||325||431||262||88|
|No. of shares||338.09||338.09||338.09||338.09|
|EPS in Rs||3.71||4.92||3.30||1.02|
Comparison With Peers:
|Name of the Company||Face Value||EPS||PE||RoNW||Book Value||Sales (In Lakhs)||PAT (In Lakhs)|
|Uma Exports Limited||10||4.92||13.82||17.52%||20.57||75,073||1,218|
|Sakuma Exports Ltd||1||0.47||16.2||2.97%||15.3||1,32,800||1,100|