Monday, 12 November 2018

NCL ALLTEK & SECCOLOR LIMITED – FY 2018 RESULT UPDATE


NCL Alltek & Seccolor Limited part of NCL Group, incorporated in 1996 is engaged is a sole ICP Plaster Licensee and largest manufacturer of spray plasters in India. NCL Alltek & Seccolor in engaged in 3 business i.e Alltek, Seccolor and Fly Ash Bricks. It has recently started manufacturing cement based putty and other cement based products like tile adhesives, mortars and plasters.

NCL Alltek & Seccolor Ltd has its 7 manufacturing units located in India supplying products to major cliental base such as, Bharat Petroleum, HP Investment, Ashok Leyland, ONGC, BSNL, Volvo, Tata, SAIL, Wockhardt, etc.

Listing Status: NCL Alltek & Seccolor Ltd is an “Unlisted Company”.

Standalone Financial Highlights: (Fig. in Crs.)                                 Report 2018
Particulars
2018
2017
2016
2015
Total Income
253
184
176
160
PAT
50.96
15.50
14.54
11.01
EPS
88.09*
26.79
25.13
19.04
Equity
5.78
5.78
5.78
5.78
Face Value
10
10
10
10
Book Value
269.13
187.66
169.19
150
Dividend (%)
55%
55%
55%
50%

*Exceptional Item reported in FY 2018 is Rs. 38.7941 Crs which includes profit on sale of land & building and shares held in M/s. NCL Wintech India Ltd. If we exclude exceptional items the effect shall be: EPS – 30.54 for FY 2018.


UPCOMING EVENT– “Scheme of Arrangement between NCL Allteck & Seccolor Ltd and NCL Holding (A&S) Limited, Transfer of Investment Division.
-NCL Allteck & Seccolor Ltd had called for an AGM dated 4th Aug, 2018 for approval of scheme of arrangement between NCL Alltek & NCL Holding.

-Under this scheme the Resulting Company (NCL Holding (A&S) Limited) has been recently incorporated to acquire all the investments in the non-building material segment currently held by NCL Alltek & Seccolor Limited (the Transferor Company) through the proposed Scheme of Arrangement and to make and hold investments in corporate or non-corporate entities engaged in manufacturing, trading or provision of services etc., whether or not with the right to manage such entities and to hold and trade in various securities issued by corporate bodies, statutory corporations, Government or non-Government agencies. The Resulting Company is yet to commence operations.

-Share Exchange Ratio – All the shareholders of NCL Allteck & Seccolor Ltd shall receive shares of NCL Holding (A&S) Ltd in ratio of 1:1 as on the record date yet not fixed.




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