ABOUT
THE ANMOL:
-Anmol India Limited (Anmol)
incorporated in 1998 is engaged in business of import and supply of COAL & PET COKE to different types of industries in
India.
-The primary product of Anmol is imported USA coal (US
Napp Coal & USA ILB). The different types of coal Anmol trades in are Steam
Coal, Petroleum Coal and Cooking Coal. Besides this it also trades in
Indonesian Coal and Petroleum Coke.
-Anmol caters to demands of clients located in over 100
different areas in India. Anmol has its corporate office located at Ludhiana
along with branches
at Gandhidham, Ludhiana, Kapurthala and Guwahati.
FINANCIAL
HIGHLIGHTS:
(All
Fig, in Cr)
PARTICULARS
|
SEPT 2018
|
FY 2018
|
FY 2017
|
FY 2016
|
TOTAL INCOME
|
263.06
|
299.24
|
186.49
|
189.80
|
EBITDA
|
3.35
|
6.36
|
3.16
|
2.53
|
EBITDA MARGIN (%)
|
1.27%
|
2.13%
|
1.70%
|
1.34%
|
PAT
|
1.71
|
2.62
|
1.08
|
0.82
|
PAT MARGIN (%)
|
0.65%
|
0.88%
|
0.58%
|
0.43%
|
EPS
|
2.35
|
10.83
|
4.46
|
3.39
|
EQUITY PAID UP
|
7.28
|
2.42
|
2.42
|
2.42
|
FACE VALUE
|
10
|
10
|
10
|
10
|
BOOK
VALUE
|
17.91
|
46.81
|
35.95
|
31.48
|
ROE (%)
|
26.33%
|
23.15%
|
12.49%
|
10.84%
|
ROA (%)
|
6.60%
|
3.47%
|
1.63%
|
1.49%
|
There is a CAGR
Growth of ~25% in Total Income, ~58% in EBITDA & ~78% in PAT over the
period of 3years.
BUSINESS
STRATEGIES AND INDUSTRIAL OUTLOOK:
-Anmol has
launched “Anmol Coal” app which
is the 1st ever application for USA Coal in India.
This app provides real time news, price updates and alerts on USA Coal,
Indonesian Coal and Pet Coke. This helps the company is client retention and
new acquisitions. This app has bought around 2000+ inquires in last year.
-Anmol is focusing to increase its retail market share
and also form strategic alliances with large corporates for bulk sale which
shall help the company in converting its stock quickly into sales thus reducing
its inventory holding period.
-Company
is expanding its footsteps in South India and has received
positive
feedback. It has strong foothold in Northern and North Western India.
It will now focus on Indian ports located in South India and South East India.
-Anmol enjoys competitive strength in procuring huge
quantity of stocks overseas at low margins, has ability to buy “Distress Cargo”
on short notice adding value to suppliers by providing them with good
discounts.
-India is one of the largest growing market for coal. The demand for coal is expected to increase
from 10% in 2015 to 20% in 2035.
-As per 12th plan the demand of coal shall
rise to 1373 MMT by 2021-22. As per EIA India’s thermal coal demand shall
expand to 2.2% per year. As industrial electricity demand picks up and rural
electrification (“Saubhagaya”) completes – the
demand for power will outweigh the generation increase from renewable sources
of energy such as COAL.
-India has a gap between demand and supply of cooking
coal. The demand is projected to rise every year due to expansion of steel
industry in India, Inferior quality of cooking coal available in domestic
market, and stagnant reserves.
PEERS
& RECOMMENDATION:
-Anmol India Limited has filled an IPO
Draft with SEBI to be listed on “BSE-SME”
Segment. Anmol will raise funds through issue of 3,100,000
shares at Rs. 33 per share making the issue size of Rs. 10.23 Crs.
The funds are to be utilized towards working capital requirement and general
corporate purpose.
-As per the IPO Draft
since the company falls under the “COAL” Industry it is compared with listed
peer i.e Coal
India Ltd and Gujarat
Mineral Development Corporation Ltd. Anmol India enjoys Attractive ROE & P/BV ratios compared to listed
peers.
Coal accounts for majority of primary commercial
energy supply in India. With economy positioned to grow at the rate of 8-10%
p.a, energy requirement shall also increase. Government nuclear energy
programme, development of natural gas supplies, increased hydropower generation
and emphasis on renewables will increase coal demand in future.
Thus based on all the above highlights and strong
future outlook, We Recommend “BUY” for Anmol India Limited from
long run perspective.
READ MORE: ANMOL INDIA IPO
DRAFT | ANMOL INDIA ANNUAL REPORT|
For
buying and selling any unquoted / unlisted / delisted or suspended shares in
physical or demat you can reach us at Contact No.91+ 09215709100 or Email us on
mittalmanish2003@gmail.com
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