Not mentioned but as the approvals came in Oct 2019 …its ok to assume that in the next 2 quarters expansion will be done (or has already been done) . Overall revenue would only increase with a lag as the tanks where expansion is being carried out will not be generation revenue.
A question for the management would be about how much % increase has happened in rentals in JNPT because of increase in storage demand?
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Any update on hearing on Dec 08? Is Morgan issue resolved?
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Any updates regarding the hearing? It was scheduled for 22nd December. The company hasn’t issued any official statement yet…
Is anyone going to attend AGM? Me too wants to attend can anyone tell me how to register for AGM or how to attend this?
I would also like to put below questions to management:
-
What is the capacity utilisation and realisation in Chemical Manufacturing and what is the guidance for future from this segment?
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What could be the guidance for storage biz? We know that it requires a lot EC scrutiny for expansion but we should be ready for it as we are continuously hitting full capacity at JNPT.
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Give us the roadmap( if time line could not be estimated) about ur LPG terminal ?. Is it in our plan or not?
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What is the motto behind tank manufacturing biz? Is there is not much growth left in existing bizs?
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Also explain us about recent preferential share allotment and its affect onwards.
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Some info about our competitors at each port.
So i m late for this 
. Has anyone registered for the same? If yes then please do consider my queries 
.
Disc: Holding
Worth giving a try anyway, doubt it they are looking at mail time-stamp, and hope nobody would be working on christmas weekend. I once mailed 2 days late and still got link to proceedings (on zoom, was only by registration) in case of Kanchi I think.
Disc: holding
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Morgan case updates, next hearing in Jan 6th
Any updates from the AGM?
Did anyone attended?
Please update if attended @RajeevJ ,
The AGM had quite a few shareholders asking questions that the CMD answered very patiently.
First & foremost, the Co. could start paying dividends very soon. As the Co. was under BIFR since 2015, it was not allowed to pay dividends. It has now come out of BIFR, so dividends could follow. The CMD went to the extent of saying that he would be the biggest beneficiary of any dividend that comes.
Elaborating on the investment in Stolt Rail Logistics in lieu of giving a 10% stake to Stolt Nielson in the Co., the mgt said that apart from adding to about 40 crs to the top line of the Co. on a consolidated basis, it would also add about 10-12 crs to the bottom line to start with. He expects this business to grow appreciably going forward. Numbers aside, the Stolt rail business is complementary to the existing LST business, as it adds the vital last mile to the logistic chain. So it becomes a one stop shop for its customers. From the Port, to the plant in the required quantities with the balance stored at the Port. Ganesh is the only Co. in India to offer this service as of now. This will also improve the asset turns of the tanks leading to better profitability & ratios.
To a query about how the Co. proposes to utilise the 50 odd crs. of free cash that it would generate annually, all that the mgt said that they would invest judiciously to get the best possible returns on the investment. The Co. intends to grow the EPC business for setting up tanks / pipelines etc. for other vendors, where the Co. possesses the reqd. infrastructure & expertise as they have been developing their own tank farms indigenously all these years.
The Chemical business continues to do well with capacity utilization going up from the 30% earlier to about 60-70% currently, leaving scope for further growth going forward.
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Thanks Rajiv ji. Any idea if the agm recording is avlbl in you tube etc?
Sir was there any guidance for LST biz going forward and any info on LPG terminal?
Morgan Case - Adjourned to 21st January 2021
Morgan 06.01.2021.pdf (408.6 KB)
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As per the Order, the Co. has engaged the services of Dr. Abhishek Manu Singhvi for the case. Doesn’t get much bigger than this. Hopefully this matter is resolved this time.
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4a39e283-8e87-4bfc-a61f-c3cfac690402.pdf (415.9 KB)
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The Company is free to proceed with the allotment of shares to Stolt Nielson, which will now hold about 10% stake in the Co.
It will be interesting to see whether Stolt will further increase its stake in the Co. as it has a worldwide leadership in the liquid handling & logistics business. Surely Slolt presence would help the Co. scale up the business and also undertake much larger projects.
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Standalone & Consolidated Un-audited Financial Results for the quarter ended December 31, 2020 will be on 13th February 2021 i.e Saturday.
76d80518-7f05-4a99-9d8a-693239894005.pdf (434.7 KB)
Stolt Neilson Pte Ltd been alloted shares finally w.ef. 04.02.2021 !
| Groups | Name | 04.02.2021 | % Holding | Dec-20 | % Holding |
|---|---|---|---|---|---|
| Individuals Excess of Rs.2 Lakhs | Vishanji Shamji Dedhia | 18,70,947 | 3.00% | 17,86,000 | 2.93% |
| Anil Vishanji Dedhia | 8,10,000 | 1.30% | 8,00,000 | 1.28% | |
| Dalpatraj Pukhraj Jain | 8,27,293 | 1.33% | 8,27,293 | 1.60% | |
| Nidhi Jawahar | 6,31,021 | 1.01% | 6,26,021 | 1.02% | |
| Others | 26,55,911 | 4.26% | 26,55,911 | 6.10% | |
| Individuals Upto Rs.2 Lakhs | Small individuals upto 2 lakhs | 1,74,00,146 | 27.90% | 1,75,19,402 | 33.83% |
| Stolt-Nielsen Singapore Pte Ltd | 61,11,048 | 9.80% | - | - | |
| NRI | Kailash Agarwal (NRI) | 8,64,900 | 1.39% | 8,64,900 | 1.39% |
| Other NRI | 4,82,774 | 0.77% | 4,88,723 | 1.22% | |
| Corprates and HUF | Companies,CM and HUF | 37,14,502 | 5.96% | 36,89,244 | 7.13% |
| Banks/Financial Institution | 88,300 | 0.14% | 88,300 | 0.17% | |
| Promotor | 2,69,02,479 | 43.14% | 2,24,38,399 | 43.33% | |
| 6,23,59,321 | 100.00% | 5,17,84,193 | 100.00% |
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Consolidated Profit and Loss statement and Segment Assets
Major Developments:
1.LST division sales has increased from 26.15 cr in Sept 2020 to 42.53 cr in Dec 2020. **Increase of 62.7% in Sales.
| Sep-20 | Dec-20 | Increase | % | |
|---|---|---|---|---|
| LST | 23.55 | 29.17 | 5.62 | 24% |
| Fabrication | 2.6 | 10.1 | 7.5 | 288% |
| Stolt - LST | 3.23 | 3.23 | 100% | |
| 26.15 | 42.5 | 16.35 | 63% |
a) Increase of Rs.5.62 cr in LST Division is due to expansion of storage tanks completed in October 2020 which we have highlighted in earlier thread as well. It is also clearly visible from increase in Segment assets from 192 cr in Sept 20 to 220 cr in Dec 20.This growth will continue forever and will continue to add to bottomline as well.
b) Fabrication work has added to 10 cr in Dec 20 qtr .A very big move but the margins this business is carrying seems to be very low. Will have to wait and watch for Sales to convert into profits.
c) Stolt has added to topline by 3.23 cr and bottomline by Rs 0.95 cr i.e. for the period 13th November 2020 to 31st December 2020 .from next quarter onwards this number should be double.
Biggest thing to cherish is that Stolt is coming with net assets worth of Rs. 61 cr to LST division.
Chemical Division
Sales has decreased from 28 cr to 24 cr and profits have decreased from 6.48 cr to 0.41 cr.
Management has given clarification stating that “Profits of Chemical division droped in current quarter on account of lower export turnover and increase in raw material prices without
corresponding increase in finished good prices in the quarter.”
We can hope that it will be revived in the coming quarters.
December 2020.pdf (3.3 MB)
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