Grauer weil India Ltd.

 

Current price

14.90

Sector

Chemicals

No of shares

226705750

52 week high

19.80

52 week low

5.39

BSE Sensex

28261.08

Nifty

8570.90

Average Volume

217,212

BSE Code

505710

 

Grauer weil India Ltd - Company Overview

Grauer & Weil (India) Limited (GWIL), initially set up as a partnership concern in May 1940 by British nationals Mr Grauer and Mr Weil, was taken over by the More family during 1991 subsequent to a series of change in the promoters. In the initial days of our business, we used to manufacture and supply a wide range of polishing compounds, mops, fibre, wheels, et Grauer weil India Ltd (GWIL) operates in four broad segments: Chemicals, Engineering, Paints and Shopping Mall.

The chemical division manufactures and sells chemicals required for metal finishing (electroplating chemicals), their intermediates and other specialty chemicals and contributes around 66% of the total revenue of Grauer weil India Ltd (GWIL). Growel established various new technical tie-up and JV alliances with world famous names in plating industry. Since then, we were established ourselves as undisputed leader in the field of electroplating in the Indian Surface Finishing Industry.

The engineering division is involved in manufacturing and providing turnkey solution for electroplating plants, effluent treatment plants and other engineering products. Grauer weil India Ltd manufactures and supplies electroplating and allied chemicals and engineering plants to the surface coating industries. The company’s engineering products include electroplating for tanks, barrels, transport wagons, automation, agitation, drying, test equipment, rectifiers, jigs and fixures, titanium anode baskets, oil separator, sludge settler, scrubber; filteration systems such as filters and seals, phosphating, dacrotizing, effluent treatment, industrial degreasing, spare parts, and dedicated plating systems including hard chrome plating of gun barrels, rim plating, countinous plating, and return type.

Growel further expanded its business activities and entered into newer and synergetic areas of business's like manufacturing Industrial Lubes & Protective coatings and, so also diversified into real estate development. Grauer is headquartered in Mumbai, Maharashtra, India. The current market capitalisation stands at Rs337.79 crore

 

Grauer weil India Ltd - Share Holding Pattern

Category

No. of Shares

Percentage

Promoters

155,700,759

68.68

General Public

54,434,571

24.01

Other Companies

10,829,449

4.78

Directors

1,998,240

0.88

Foreign - NRI

1,637,003

0.72

Others

1,275,608

0.56

Foreign - OCB

787,500

0.35

Financial Institutions

22,000

0.01

NBFC and Mutual Funds

20,620

0.01

 

Grauer weil India Ltd - Financial Details

  • Market Cap (Rs Cr) – 336.66

  • Company P/E (x) – 10.38

  • Industry P/E (x) – 53.84

  • Book Value (Rs) – 8.65

  • Price / BV (x) – 1.76

  • Dividend (%) – 16%

  • EPS (TTM) – 1.43

  • Dividend Yield (%) – 1.08%

  • Face Value (Rs) - 1

 
Balance Sheet

 

Mar '14

Mar '13

Mar '12

Mar '11

Mar '10

Sources Of Funds

 

 

 

 

 

Total Share Capital

22.67

22.67

22.67

22.67

22.67

Equity Share Capital

22.67

22.67

22.67

22.67

22.67

Reserves

173.33

147.29

131.16

112.41

100.62

Networth

196.00

169.96

153.83

135.08

123.29

Secured Loans

71.02

91.49

107.35

140.97

121.53

Unsecured Loans

6.12

7.67

7.26

4.68

3.21

Total Debt

77.14

99.16

114.61

145.65

124.74

Total Liabilities

273.14

269.12

268.44

280.73

248.03

Application Of Funds

 

 

 

 

 

Gross Block

294.02

288.88

269.26

264.46

135.60

Less: Accum. Depreciation

68.82

58.08

47.90

38.33

30.82

Net Block

225.20

230.80

221.36

226.13

104.78

Capital Work in Progress

1.22

0.16

2.86

2.53

96.21

Investments

4.70

4.75

3.91

1.64

1.64

Inventories

61.39

61.99

49.80

49.05

34.74

Sundry Debtors

94.72

79.74

75.62

61.06

44.68

Cash and Bank Balance

6.21

5.66

3.79

7.89

5.58

Total Current Assets

162.32

147.39

129.21

118.00

85.00

Loans and Advances

32.24

30.73

31.23

30.03

21.90

Fixed Deposits

0.00

0.00

0.00

1.19

1.35

Total CA, Loans & Advances

194.56

178.12

160.44

149.22

108.25

Current Liabilities

135.19

131.52

104.95

89.97

54.88

Provisions

17.34

13.18

15.18

8.83

7.98

Total CL & Provisions

152.53

144.70

120.13

98.80

62.86

Net Current Assets

42.03

33.42

40.31

50.42

45.39

Total Assets

273.15

269.13

268.44

280.72

248.02

Contingent Liabilities

15.49

15.61

19.20

1.00

1.87

Book Value (Rs)

8.65

7.50

6.79

59.59

54.38

 
Profit and Loss Account

 

Mar '14

Mar '13

Mar '12

Mar '11

Mar '10

Income

 

 

 

 

 

Sales Turnover

385.86

335.01

333.23

332.57

262.51

Excise Duty

0.00

0.00

0.00

23.87

15.21

Net Sales

385.86

335.01

333.23

308.70

247.30

Other Income

3.42

2.11

2.85

3.12

0.59

Stock Adjustments

-5.86

12.13

4.79

4.28

1.63

Total Income

383.42

349.25

340.87

316.10

249.52

Expenditure

 

 

 

 

 

Raw Materials

218.88

206.31

198.90

174.24

136.45

Power & Fuel Cost

4.19

3.69

3.29

3.31

2.16

Employee Cost

42.80

38.17

30.14

25.18

20.69

Other Manufacturing Expenses

0.00

0.00

0.00

6.02

3.71

Selling and Admin Expenses

0.00

0.00

0.00

53.99

41.52

Miscellaneous Expenses

53.47

45.70

47.22

9.97

7.73

Total Expenses

319.34

293.87

279.55

272.71

212.26

Operating Profit

60.66

53.27

58.47

40.27

36.67

PBDIT

64.08

55.38

61.32

43.39

37.26

Interest

16.74

20.54

21.19

15.82

9.91

PBDT

47.34

34.84

40.13

27.57

27.35

Depreciation

11.49

10.99

9.88

7.26

4.39

Profit Before Tax

35.85

23.85

30.25

20.31

22.96

PBT (Post Extra-ord Items)

35.85

23.85

30.25

20.31

22.96

Tax

5.06

4.03

7.03

5.89

6.54

Reported Net Profit

30.79

19.83

23.21

14.41

16.42

Total Value Addition

100.45

87.55

80.65

98.48

75.80

Equity Dividend

3.63

2.72

3.40

1.81

1.81

Corporate Dividend Tax

0.62

0.46

0.55

0.29

0.30

Per share data (annualised)

 

 

 

 

 

Shares in issue (lakhs)

2,267.06

2,267.06

2,267.06

226.71

226.71

Earning Per Share (Rs)

1.36

0.87

1.02

6.36

7.24

Equity Dividend (%)

16.00

12.00

15.00

8.00

8.00

Dividend and Bonus History

Index and Company Price Movement Comparison

Technical Indicators

Symbol

Value

Action

RSI(14)

47.317

Neutral

STOCH(9,6)

61.448

Buy

STOCHRSI(14)

69.368

Buy

MACD(12,26)

-10.540

Sell

ADX(14)

32.122

Sell

Williams %R

-44.399

Buy

CCI(14)

52.1914

Buy

ATR(14)

20.9821

High Volatility

Highs/Lows(14)

0.0000

Neutral

Ultimate Oscillator

50.448

Neutral

ROC

22.598

Buy

Bull/Bear Power(13)

8.7840

Buy

Important Ratios (YoY)
  • PBIT – 12.63 v/s 12.54

  • RoCE – 19.25 v/s 16.49

  • RoE – 11.96 v/s 16.49

  • Net Profit Margin – 7.91 v/s 5.88

  • Return on net worth – 15.71 v/s 11.66

  • D/E Ratio – 0.39 v/s 0.58

  • Interest Cover – 3.14 v/s 2.16

  • Current Ratio – 0.85 v/s 0.79

  • Reserves – 173.33 cr v/s 147.29 cr

  • PAT – 30.79 cr v/s 19.83 cr

  • Total assets – 273.15 cr v/s 269.13 cr

  • Net sales – 385.86 cr v/s 335.01 cr

  • Book Value – 8.65 v/s 7.50

Simple Moving Average

Days

BSE

30

16.24

50

16.66

150

15.59

200

13.96

 
Grauer weil India Ltd - Investment Rationalize
  • Grauer Weil India Ltd. is the market leader of electroplating chemicals manufacturing in the country and a prominent player of turnkey solutions for electroplating plants and effluent treatment plants

  • Grauer weil India Ltd has able to generate consistent revenue even in the adverse market conditions along with a cash reserve of Rs.173.33 crore.

  • To manufacture electro-chemicals the company had entered a technical collaboration with Union Inks and Graphics Pte Singapore. It had entered into the collaboration with M/s Enthone-OMI Inc. U.S.A. and M/s Aucos of Germany and M/s Kabushiki Kaisha Nippon Dacro Shamrock, Japan. A joint venture agreement has been entered into with M/s Goema GmbH of Germany to manufacture Effluent Treatment Plants and Metal Recovery Systems, and has entered into Technical Collaboration with Manz GmbH of Germany and Surfilco Inc of USA for assistance in design, manufacture and marketing of Plating Plants, Filters, Pumps and other products.

  • Grauer weil India Ltd is able to reduce debt considerably in the last few years and increase its GPM to 12.3% along with improving financial ratios.

  • Improvement in economic cycle and manufacturing cycle will help the company to use its manufacturing facilities to maximum and will add on to the sales of the company.

  • Revenue from its Paints, Lubricants and Anodizing facilities and companies fully owned subsidiaries will add to the profits of the company.

  • Most of the companies products have very less domestic competition and Price to Sales Ratio stands at very attractive 0.88%.

Post a Comment
Error message
Error message
Error message

 

DISCLAIMER

This report is only for the information of our customers. Recommendations, opinions, or suggestions are given with the understanding that readers acting on this information assume all risks involved. The information provided herein is not to be construed as an offer to buy or sell securities of any kind. ATS and/or its group companies do not as assume any responsibility or liability resulting from the use of such information.

 

 

<