AR22 notes
- Manufactures Crown Caps, CSD Closures, Pet Preforms, Jars, Bottles, etc. for various edible items packed in glass & Plastic bottles e.g. Carbonated Soft Drinks, Fruit Juices, Milk products, Beer, etc.
- Volume of closures rose by 83%, pet preform by 180% and crown by 35%
- Gives 0.75 dividend after a five year break (last dividend was in FY16)
- Company is involved in packaging + real estates business
- Packaging business is seasonal with highest sales in June quarter and sequential decline in Sept and Dec quarters
- Run by father (Ashok Gupta) son (Adit Gupta) duo
- Manufacturing unit was shifted to Neemrana from Ghaziabad to reduce production cost
- Implemented integrated ERP systems for financial accounting, Inventory management and reporting purpose
- Bankers: SBI, Kotak, Axis, Yes, HDFC, Hero Fincorp, Tata capital
- Increase in borrowings (86 cr. vs 53 cr. in FY21): due to new Term loans for purchase of machinery and enhanced working capital loans. 8.94 cr. from Ashok Gupta and Adit Gupta at 12% interest rates
- Real estate: Company is developing a Commercial Complex at Sector-114, Gurgaon through related company, AMD Estates & Developers Private Limited in collaboration with VSR Infratech Private Limited. The project will be ready to deliver soon as Part Occupancy Certificate has been issued. Recognized 40.84 lakhs vs 86.44 lakhs in FY21
- Capex: 5.31 cr. on plant and equipment
- Advances to AMD estates & developers: 17.85 cr. vs 18.28 cr. in FY21
- Tax disputes: 4.27 cr.
- Audit fee: 7.01 lakhs (vs 5.95 lakhs in FY21)
- Direct taxes paid (cashflow statement): 32.53 lakhs (vs 2.43 cr. in P&L statement)
- Foreign income: 7.94 cr. (vs 5.24 cr. in FY21)
- Foreign outgo: 35.35 cr. (vs 15.36 cr. in FY21)
- Number of employees: 233
- KMP remuneration: 2.45 cr. (Ashok + Adit Gupta)
- Share price: low (16.9), high (59.9)
- Number of shareholders: 11’162
Disclosure: Not invested (no transactions in last-30 days)