Amol Minechem Limited Unlisted Shares

AMOL DICALITE LIMITED

AMOL DICALITE LIMITED was established in 1979, this is the first time for India to produce, Perlite Filteraids and Perlite products under the technical and financial collaboration with an American company Grefco, Inc. USA, pioneers and world leaders of Perlite products. This company begin commercial production in 1982. The Registered Corporate Office is at Ahmadabad and their Plant is located at Kadi in Mehsana District, 50 kms., north of Ahmedabad. The company have balanced progress in developing import substitution products in Filteraids and has successfully met the requirements of majority of users. Our success story is that we reach from small beginning of 600 M.Tons per annum, to almost about 5,680 M.Tons and also developed many new applications. At Present the company’s performance improved consistently and become a profitable organization.

The company also try cryogenic insulation jobs. It has mainly designed for Portable Plants to carry out ON-SITE jobs. Recently the company owns 7 such Portable Plants. This will helpful to create large jobs have been executed in a short period of time and the technical team has acquired a high degree of expertise in performing these jobs with required high precision working.

Promoters And Management:
(i) Mr. Shreyas C. Sheht Chairman & Managing Director
(ii) Mrs. Priti S. Sheth Director
(iii) Mr. Naishadh I. Parikh Independent Director
(iv) Mr. Ashok C. Gandhi Independent Director

Financials of Amol Minechem (Earlier Amol Dicalite) Limited Unlisted Shares:
(Figures in lakhs)

1. Revenue, PAT and ROCE Analysis

Year	Revenue	EBITDA	OPM	PAT	NPM	Shares	F.V.	EPS	CE	ROCE
2016	3,477	734	21%	129	4%	7.20	10	17	2,857	5%
2017	3,808	922	24%	321	8%	7.20	10	44	2,878	11%
2018	4,798	1,399	29%	805	17%	7.20	10	111	3,603	22%
2019	3,306	652	20%	247	7%	7.20	10	34	3,804	6%
2020	3753	1268	34%	772	21%	7.20	10	111	4750	16%

2. Debt and Net Worth Analysis

Year	Long-Term Debt	Short-Term Debt	Total Debt	NW	Debt/NW	RONW
2016	259	503	763	2,403	0.32	5%
2017	36	131	168	2,705	0.06	12%
2018	0	59	59	3,510	0.02	23%
2019	0	137	137	3,698	0.04	7%
2020	0	65	65	4673	0.01	17%

3. Current Ratio, Receivable Days and Free Cash Flow Analysis

Year	Current Assets	Current Liabilities	Current Ratio	Receivable Days	CFO	Capital Exp.	FCF
2016	2,480	1,126	2.20	47	338	28	309
2017	2,437	747	3.26	55	310	12	297
2018	3,293	629	5.23	74	706	54	652
2019	3,414	437	7.81	55	303	249	54
2020	4661	475	9.81	63	310	3.20	306

Amol Dicalite Unlisted Shares Details.

Face Value:	₹ 10 Per Equity Share
Lot Size:	200-400 Shares
Current Unlisted Share Price:	₹ 750 Per Equity Share

Stock Exchange

Name of the Stock Exchange where the securities are listed:
Ahmedabad Stock Exchange Ltd. (Regional Stock Exchange)
Kamdhenu Complex
Opp. Sahajanand College
Panjarapole, Ahmedabad – 380015
The Calcutta Stock Exchange Ltd.
7, Lyons Range,
Kolkata – 700 001

PAYMENT OF LISTING FEES:
The Company is listed at Ahmedabad Stock Exchange Ltd. and Calcutta Stock Exchange Ltd. That’s why, the Ahmedabad Stock Exchange Ltd. has give the instructed to the Company not to file any documents to them and has not issued the invoice for the fees. The Company is compliant regarding payment of the fee of listing to the Calcutta Stock Exchange Ltd.

STOCK TRADING:
The Company’s Equity Shares are listed on the Ahmedabad Stock Exchange Limited (ASEL).
ISIN No: INE404C01012
CIN: L14100GJ1979PLC003439
STOCK CODE: ASE Scrip Code: 3810

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Amol Minechem Limited Formerly known as Amol Dicalite Limited Share Price – Company Overview

Amol Minechem Ltd, formerly known as Amol Dicalite Ltd, is a company engaged in the manufacturing of perlite products and filter aids. The company specializes in the production of various perlite-based products such as perlite ore, perlite filter aid, cryogenic perlite, thermal insulation perlite, and horticulture perlite. Additionally, the company also manufactures cotton and synthetic cloth products.

The company operates within the textiles industry and falls under the Lalbhai S N Business Group. The company strives to deliver high-quality perlite and filter aid products to meet the diverse needs of its customers.

Amol Minechem Ltd is not listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), or Multi Commodity Exchange (MCX).

Amol Minechem Limited Unlisted Share Details as of March 31, 2022

Amol Minechem Outstanding Shares :	81,91,35
Face Value of Amol Minechem Unlisted Share:	Rs. 10 Per Equity Share
ISIN of Amol Minechem Unlisted Share:	INE404C01012
Lot Size of Amol Minechem Unlisted Share:	100 Shares
Amol Minechem Unlisted Share Price:	Best in Industry
PAN Number of Amol Minechem :	AABCA2807K

Amol Minechem Limited Incorporation Details

Amol Minechem Limited CIN Number	U14100GJ1979PLC003439
Amol Minechem Limited Registration Date	02 July 1979
Category / Sub-Category of Amol Minechem	Company limited by Shares /Non-govt company
Amol Minechem Registered Office Address	401, “Akshay”, 53, Shrimali Society, Navrangpura Ahmedabad Ahmedabad GJ 380009 IN .
Amol Minechem Registrar & Transfer Agent Address & Contact Details	5th Floor, 506 – 508, Amarnath Business Center – I (ABC-I), Beside Gala Business Center, Nr. St. Xavier’s College Corner, Off C.G. Road, Navrangpura, Ahmedabad, Gujarat

Amol Minechem Limited Board of Directors

Mr. Shreyas C. (Sheht Chairman & Managing Director)

Mrs. Priti S. Sheth (Director)

Mr. Naishadh I. Parikh (Independent Director)

Amol Minechem Limited Principal Business Activities

Name and Description of main products/services	NIC Code of the product/service*	% to the total turnover of the Company
Textiles	17115	100%

Amol Minechem Limited Shareholding Pattern (As of 31-03-2022)

S. No.	Shareholder’s Name	No. of Shares	% of total Shares of the company
1	Promoter	47,78,80	70.52%
2	Public Shareholding	19,97,72	29.48%
	Total	67,76,52	100%

Amol Minechem Limited Balance Sheet (Rs in Lakhs)

Particulars	31-03-2023	31-03-2022
ASSETS
Non-Current Assets
Financial Assets	394.47	439.94
Non-Current Investments	220.44	143.15
Other Non-Current Financial Assets	994.98	219.09
Current Assets
Inventories	670.95	674.23
Loans	3,095.87	3,106.95
Trade Receivables	876.94	974.01
Cash and Cash Equivalents	73.14	62.17
Bank balances other than cash and cash equivalents above	14.64	13.51
Other Current Financial Assets	178.84	100.76
Other Current Assets	231.74	165.2
Total Assets	6,752.01	5,899.01
EQUITY AND LIABILITIES
Equity
Equity Share Capital	81.91	67.77
Equity Suspense Account	–	14.15
Other Equity	5,140.19	3,930.45
Non-Current Liabilities
Non-Current Borrowings	261.79	627.34
Long Term Provisions	30.54	30.44
Deferred Tax Liabilities (Net)	20.87	31.46
Current Liabilities
Current Borrowings	366.28	495.76
Trade Payables
Total Outstanding Dues of Micro Enterprises and Small Enterprises	147.77	11.04
Total Outstanding Dues of Creditors other than Micro Enterprises and Small Enterprises	555.31	586.46
Other Current Liabilities	123.63	86.16
Short Term Provisions	23.72	17.98
Total Equity & Liabilities	6,752.01	5,899.01

Amol Minechem Limited Profit & Loss Statement (Rs in Lakhs)

Particulars	31-03-2023	31-03-2022
Revenue from operations	5,779.95	4,323.35
Finance Income	333.35	368.67
Other Income	47.88	20.75
Total Income	6,161.18	4,712.77
Cost of Material and Components Consumed	1,999.91	1,906.61
Purchase of Traded Goods	462.08	367.5
(Increase)/Decrease in Inventories of Finished Goods and Work-in-Progress	-28.73	-51.69
Employee Benefits Expense	590.7	609.95
Depreciation and Amortization Expense	64.65	72.84
Finance Costs	101.38	172.78
Other Expenses	1,882.20	1,256.52
Total Expenses	5,072.19	4,334.51
Profit before Tax from Operations	1,088.99	378.26
Current tax	178	108
Deferred tax	-7.3	-12.3
Tax Adjustment of earlier years	-333.91	–
MAT Credit	-34	–
Total Tax Expenses	-197.21	95.7
Profit / (Loss) after tax for the year	1,286.20	282.56
Other Comprehensive Income
Items that will not be reclassified to Profit or Loss
Remeasurement Gain/(Loss) on Defined Benefit Plan	-11.39	-15.02
Income Tax related to item on above	3.32	4.37
Net Gain/(Loss) on FVTOCI Equity Instrument	0.09	0.2
Income Tax related to item on above	-0.03	-0.06
Other Comprehensive Income for the year (Net of Tax)	-8.01	-10.51
Total Comprehensive Income for the year	1,278.19	272.05
Earnings Per Share
Basic	157.02	41.70
Diluted	157.02	34.49

Amol Minechem Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Particulars	31-03-2023	31-03-2022
Cash flow from Operating activities
Profit before Tax	1,088.99	378.26
Add: Adjustments for
Depreciation and Amortization	64.65	72.84
Finance Cost	81.13	150.81
Bad debts written off	8.81	1.72
Interest income	-333.35	-368.67
Income on Alternate Investment Fund	-1.12	-0.66
Dividend	-0.01	–
Liabilities no longer required written back	-0.02	-0.14
Exchange Differences Gain	-43.92	-16.09
Operating Profit before Working capital changes	865.16	218.07
(Increase) / Decrease in Inventories	3.28	-41.96
(Increase) / Decrease in Trade Receivables	90.66	124.63
(Increase) / Decrease in Other Financial Assets	-479.85	-191.03
(Increase) / Decrease in Other Assets	-28.81	6.49
(Increase) / Decrease in Other Bank balance	-1.13	11.64
Increase / (Decrease) in Trade Payables	92.07	-109.1
Increase / (Decrease) in Other Current Liabilities	36.97	-0.2
Increase / (Decrease) in Current Provisions	5.74	9.36
Increase / (Decrease) in Non-Current Provisions	0.1	5.03
Cash generated from Operations	584.19	32.93
Direct Taxes paid (Net of Refunds)	-215.73	-84.34
Net Cash flow from/ (used in) Operating Activities	368.46	-51.41
Cash flow from Investing activities
Purchase of Fixed Assets including Capital Advances	-19.18	-11.88
Proceeds from Sale of Fixed Assets	–	0.58
Intercorporate Loan given during the year	-1,040.15	-1,172.73
Intercorporate Loan received back during the year	1,300.19	1,232.89
Income from Alternate Investment Fund received	0.17	–
Interest received	74.8	65.18
Dividend received	0.01	–
Purchase of Investment	-77.19	-80
Net Cash flow from/ (used in) Investing Activities	238.65	34.04
Cash flow from Financing activities
Repayment of Borrowings (Net)	-520.78	136.01
Interest paid	-55.38	-150.81
Dividend paid on Equity Shares	-19.98	-16.22
Net Cash flow from/ (used in) Financing Activities	-596.14	-31.02
Net Increase/(Decrease) in Cash and Cash Equivalents	10.97	-48.39
Cash and Cash Equivalents at the beginning of the year	62.17	110.56
Cash and Cash Equivalents at the end of the year	73.14	62.17

Here is a summary of the Cash Flow Statement for the years 2023 and 2022:

Cash Flow from Operating Activities

Profit before Tax:

The profit before tax increased significantly from ₹378.26 in 2022 to ₹1,088.99 in 2023, indicating an improvement in the company’s profitability.

Add: Adjustments for Non-Cash and Non-Operating Items:

Depreciation and Amortization: The depreciation expense slightly decreased from ₹72.84 in 2022 to ₹64.65 in 2023, reflecting lower wear and tear of assets.

Finance Cost: Finance costs decreased from ₹150.81 in 2022 to ₹81.13 in 2023, showing reduced interest expenses.

Bad Debts Written Off: The amount written off as bad debts increased to ₹8.81 in 2023 from ₹1.72 in 2022.

Interest Income: Interest income decreased to ₹333.35 in 2023 from ₹368.67 in 2022.

Income on Alternate Investment Fund: There was a slight increase in income from alternate investments from ₹0.66 in 2022 to ₹1.12 in 2023.

Dividend Income: A small amount of ₹0.01 was recorded in 2023, with no dividend income in 2022.

Liabilities No Longer Required Written Back: Minimal amounts of ₹0.02 in 2023 and ₹0.14 in 2022 were written back.

Exchange Differences Gain: The gain from exchange differences increased from ₹16.09 in 2022 to ₹43.92 in 2023.

Operating Profit before Working Capital Changes:

The operating profit before changes in working capital increased significantly from ₹218.07 in 2022 to ₹865.16 in 2023.

Changes in Operating Assets and Liabilities:

(Increase) / Decrease in Inventories: Inventories showed a minor decrease of ₹3.28 in 2023 compared to an increase of ₹41.96 in 2022.

(Increase) / Decrease in Trade Receivables: Trade receivables decreased by ₹90.66 in 2023, whereas there was an increase of ₹124.63 in 2022.

(Increase) / Decrease in Other Financial Assets: Other financial assets increased significantly by ₹479.85 in 2023 compared to ₹191.03 in 2022.

(Increase) / Decrease in Other Assets: There was a decrease of ₹28.81 in 2023 compared to an increase of ₹6.49 in 2022.

(Increase) / Decrease in Other Bank Balance: The other bank balance decreased slightly by ₹1.13 in 2023, following an increase of ₹11.64 in 2022.

Increase / (Decrease) in Trade Payables: Trade payables increased by ₹92.07 in 2023 compared to a decrease of ₹109.10 in 2022.

Increase / (Decrease) in Other Current Liabilities: Other current liabilities increased by ₹36.97 in 2023, as opposed to a decrease of ₹0.20 in 2022.

Increase / (Decrease) in Current Provisions: Current provisions saw an increase of ₹5.74 in 2023 compared to an increase of ₹9.36 in 2022.

Increase / (Decrease) in Non-Current Provisions: Non-current provisions showed a minor increase of ₹0.10 in 2023 compared to an increase of ₹5.03 in 2022.

Cash Generated from Operations:

The cash generated from operations increased significantly from ₹32.93 in 2022 to ₹584.19 in 2023.

Direct Taxes Paid (Net of Refunds):

Direct taxes paid increased from ₹84.34 in 2022 to ₹215.73 in 2023.

Net Cash Flow from/ (Used in) Operating Activities:

The net cash flow from operating activities turned positive, amounting to ₹368.46 in 2023, compared to a negative ₹51.41 in 2022.

Cash Flow from Investing Activities

Purchase of Fixed Assets Including Capital Advances:

The expenditure on fixed assets increased slightly from ₹11.88 in 2022 to ₹19.18 in 2023.

Proceeds from Sale of Fixed Assets:

There were no proceeds from the sale of fixed assets in 2023, compared to ₹0.58 in 2022.

Intercorporate Loan Given/Received:

Intercorporate loans given during the year amounted to ₹1,040.15 in 2023, compared to ₹1,172.73 in 2022.

Intercorporate loans received back were ₹1,300.19 in 2023, compared to ₹1,232.89 in 2022.

Income from Alternate Investment Fund Received:

The income from alternate investment funds received was ₹0.17 in 2023, with no such income in 2022.

Interest Received:

Interest received increased from ₹65.18 in 2022 to ₹74.80 in 2023.

Dividend Received:

A small dividend income of ₹0.01 was recorded in 2023, with none in 2022.

Purchase of Investment:

The purchase of investments decreased slightly from ₹80.00 in 2022 to ₹77.19 in 2023.

Net Cash Flow from/ (Used in) Investing Activities:

The net cash flow from investing activities increased from ₹34.04 in 2022 to ₹238.65 in 2023.

Cash Flow from Financing Activities

Repayment of Borrowings (Net):

The repayment of borrowings amounted to ₹520.78 in 2023, compared to a net receipt of ₹136.01 in 2022.

Interest Paid:

Interest paid decreased from ₹150.81 in 2022 to ₹55.38 in 2023.

Dividend Paid on Equity Shares:

Dividend payments increased from ₹16.22 in 2022 to ₹19.98 in 2023.

Net Cash Flow from/ (Used in) Financing Activities:

The net cash outflow from financing activities increased from ₹31.02 in 2022 to ₹596.14 in 2023.

Net Increase/(Decrease) in Cash and Cash Equivalents

Net Increase/(Decrease) in Cash and Cash Equivalents:

The net increase in cash and cash equivalents was ₹10.97 in 2023, compared to a decrease of ₹48.39 in 2022.

Cash and Cash Equivalents at the Beginning of the Year:

The opening balance of cash and cash equivalents was ₹62.17 in 2023, compared to ₹110.56 in 2022.

Cash and Cash Equivalents at the End of the Year:

The closing balance of cash and cash equivalents increased to ₹73.14 in 2023 from ₹62.17 in 2022.

Dividend History

Particulars	2023	2022
Dividend Per Share (in Rs.)	2.50	2.50
Retained Earnings (Rs. In Lakhs)	2,711.40	1,453.75

Amol Minechem Limited Recent Financial Performance

Dividend per Share: The specific dividend per share figure for 2023 and 2022 is Rs. 2.50, Dividend per share represents the portion of a company’s earnings that is distributed to shareholders in the form of dividends. A higher dividend per share may indicate that the company is sharing more of its profits with shareholders.

Retained Earnings: Retained earnings for 2023 amounted to Rs. 2,711.40 Lakhs, while in 2022, they were Rs. 1,453.75 Lakhs. Retained earnings represent the portion of a company’s profits that is reinvested in the business rather than distributed as dividends. An increase in retained earnings suggests that the company has retained more of its profits for reinvestment or future growth.

To provide a more comprehensive analysis, it would be necessary to consider additional financial metrics such as revenue, net profit, assets, liabilities, and cash flows. Additionally, an analysis of trends over multiple years and a comparison to industry benchmarks and competitors would help in assessing the company’s financial health and performance.

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