Blogs, insights, guides and videos on India's unlisted market — all in one place.
Reliance Industries in the press release to exchanges has informed that Silver Lake will invest₹ 7,500 crores into RRVL, a subsidiary of Reliance Industries. This investment values RRVL at a pre-money equity value of ₹ 4.21 lakh crore. Silver Lake’s investment will translate into a 1.75% equity stake in RRVL on a fully diluted basis.<!--more--> This marks the second billion-dollar investment by Silver Lake in a Reliance Industries subsidiary after the $1.35 billion investment in Jio Platforms announced earlier this year. <strong>Silver Lake</strong> Silver Lake is having $60 billion AUM and a strong focus on the world’s great tech and tech-enabled opportunities, and Silver Lake is the global leader in large-scale technology investing. Its mission is to build and grow great companies by partnering with world-class management teams. Its other investments have included Airbnb, Alibaba, Alphabet’s Verily and Waymo units, Dell Technologies, Twitter, and numerous other global technology leaders. <strong>UnlistedZone View</strong> The timely buy of Future Group has increased the valuation of Reliance Retail from 3.6 Lakh Crores last month to 4.21 Lakh Crores today. This is just the beginning. We will see a flurry of investors investing in retail business in the next 1-2 months. The valuation may go up, similar to what we have seen in the case of JIO. The Reliance Retail at ~4.21 Lakh Crores of valuation and with total equity of ~498 Crores, the per-share value comes out at ~850 per share. Generally, such big investors when enters in the company then they always look for multi-bagger returns on their investment. If Reliance Retail performs well, big value unlocking will happen in the next 2-3 years for Reliance Retail shareholders.
ICL Fincorp is conducting the 29th Annual General Meeting of the Members of M/s. ICL Fincorp Limited will be held on Wednesday, the 30th day of September 2020 at 11.00 a. m. IST (“AGM”) through Video Conferencing (“VC”) / Other Audio-Visual Means (“OAVM”) facility to transact the following businesses.<!--more--> 1. Approval of Standalone and Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2020. 2. Appointment of a Director in place of Mr. K. G. Anilkumar who retires by rotation and being eligible offers himself for re-appointment. 3.Reappointment of M/s. Mohandas & Associates, Chartered Accountants, Thrissur as the Statutory Auditors of the Company, and fixation of remuneration. 4. Appointment of Mr. Shinto Stanly as an Independent Director of the Company. 5. Appointment of Ms. Umadevi Anilkumar as the Whole Time Director of the Company and designated as “Whole Time Director and Chief Executive Officer” and revision of remuneration. 6. Revision of remuneration to Mr. K. G. Anilkumar, Managing Director of the Company. 7. Approval of Borrowing Limit. 8. Issuance of Equity Shares on Preferential Issue basis ICL Fin-corp will issue and allot 1,00,00,000 Equity Shares of face value of Rs.10/- (Rupees Ten Only) each for cash at an issue price of Rs.20/- (Rupees Twenty Only) for a total consideration of Rs.20 Crores on preferential basis to Mr. K.G. Anilkumar, Promoter and Managing Director (DIN: 00766739) of the Company in one or more tranches. <a href="https://unlistedzone.com/storage/knowledge-logo/AGM_Notice_Final.pdf">Notice of AGM</a>
Paytm on 04.09.2020 has announced that it has clocked the revenue of Rs. 3629 Crores in the year FY19-20, up by 20% as compared to last year. And have claimed to reduce the losses by 40%. Last year it has incurred the losses of ~4100 Crores. In FY19-20, the number of transactions has increased by 50% as compared to last year. <!--more-->The company is expected to come in profit by 2022. In FY19-20, Paytm has started a new stream of businesses under the financial arm i.e. lending, wealth management, & insurance. Paytm offering of Android-based POS devices to SME and Kirana shops through its payment bank arm is gaining popularity. <strong>Main Businesses of Paytm</strong> <strong>1. Paytm Money</strong> For managing the business under Paytm money, it has hired industry veteran Varun Shridhar to manage the business. https://unlistedzone.com/paytm-money-appoints-varun-sridhar-as-new-ceo/ Under Paytm money, it has started offering stock broking services as a discount broker for giving tough competition to discount brokers such as Zerodha, Uptox, Angel Broking etc. https://unlistedzone.com/paytm-joins-the-bandwagon-to-offer-broking-services/ <strong>2. Paytm Insurance</strong> For Insurance services, it has recently acquired QE Raheja group and probably by next year will get IRDA approval. https://unlistedzone.com/paytm-money-appoints-varun-sridhar-as-new-ceo/ <strong>3. Paytm Payment Bank</strong> Through this license, it gives all the services related to digital payment in India. Paytm Payment bank is the only payment bank in India which is profitable and has shown continuous profitability in the last 2 years. https://unlistedzone.com/paytm-payment-bank-has-shown-profitability-in-last-2-years/ <strong>UnlistedZone view</strong> In the last 1 year, we have seen very little or no advertisement by Paytm thereby saving a lot of money which is boosting the bottom line. Moreover, in the last 3-4 months Paytm has hired 10-20 industry veterans to run its different business verticals. With pressure from investors such as Softbank to perform or perish, Paytm in the last one year has shown good performance. At the current market price of Rs. 11000 in the unlisted market, it is available at a valuation almost 30% down by the last funding that has happened in Nov-19.
<p><strong>Business Highlights <br /><br /></strong> 1. Despite challenges in the market Studds have performed well and the top line grew by 10.85%. Besides, growth in the top line, the operating EBIDTA grew at 41.16% and the PAT grew by 81.05% from the preceding year.</p> <!--more--> <p>2. This year Studds has made significant investments to develop a world-class R&D facility, backward integration by manufacturing EPSL in the plant, with an endeavor to improve the quality of the products and meet stringent safety standards. <br /><br />3. During the year, the company has stepped up efforts to improve relations with its dealers and distributors and it helped to significantly increase its market share. As of 31st March 2020, the network of 385 dealers is spread across the globe and 7 EBO’s in India. <br /><br />4. This year the company has launched new products i.e. Titan Fiber, Titan Carbon, Sub Urban. They are planning to further bolster the segment with the launch of riding gear, jackets, armours, elbow guards, knee guards, and shoes. <br /><br />5. This year company has sold 66.5 Lakhs (Domestic + Global) and globally has a Domestic market share in Two Wheelers helmets as 25.66%. <br /><br /><strong>Financial Highlights:</strong> <br /><br />1. Studds has clocked the revenue of 431 Crores in FY19-20 up by 10.8% as compared to last year. <br /><br />2. Studds has clocked an EBITDA of 103 Crores in FY19-20 up by 41% as compared to last year. <br /><br />3. Studds has clocked the PAT of 74 Crores in FY19-20 up by 84% as compared to last year. <br /><br />4. EPS for the year 2019-20 stands at 37. <br /><br />5. The total debt on books is 27 Crores and Net-worth of 216 Crores. So, D/E is 0.12. 6. RONW of FY19-20 is 34%. <br /><br /><strong>Valuation:</strong> <br /><br />Currently, it is available at Rs. 950 per share in the unlisted market. <br /><br />Total equity in the market is 1.9676 Crores. <br /><br />Mcap = 1870 Crores. <br /><br />P/E = 25x</p>
As per media sources, Reliance retail is in final talk with American Private Player Silver Lake for the sale of 1.8% stakes in the company for 7500 Crores of valuation.<!--more--> If this deal goes through, the Reliance Retail could be valued ~4.3 Lakh Crores. The total equity at present is ~500 Crores. This will value Reliance Retail at ~860 per share. At present, due to the peak demand of its share in the Unlisted market the Reliance Retail share is trading at Rs. 1250 per share. Though, the company has not made this final to any media house. However, the company is certainly looking to divest some stakes in Reliance Retail. We at UnlistedZone will update the story further as soon as we get more insight on it.
Frick India, the company engaged in manufacturing, supply, execution of Industrial Refrigeration, and Air-conditioning system has released its Q1FY21 earnings.<!--more--> <strong>Results Analysis</strong> 1. The company has clocked a revenue of 44.70 Crores in the first quarter, which is down by 37% QoQ and 0.4% YoY. 2. In the quarter, the company has saved around 2.08 Crores in employee benefits expense. 3. Frick India has clocked an EBITDA margins of 16% this quarter as compared to 13% last quarter and 7.44% in the same quarter last year. So, the company has shown excellent margins. 4. PAT for this quarter has come at 4.94 Crores, down by 26% QoQ and up by massive 1.82x times as compared to the same quarter last year. 5. EPS for this quarter has come at Rs. 80 per share. <a href="https://unlistedzone.com/storage/knowledge-logo/RESULTS.pdf">Results link</a>
As per information collected from stock exchanges, Reliance Retail Ventures Limited (RRVL), subsidiary of Reliance Industries Limited, is acquiring the Retail & Wholesale Business and the Logistics & Warehousing Business from the Future Group for aggregate consideration of INR 24,713 crore.<!--more--> <strong>Scheme of the deal</strong> 1. The Retail & Wholesale Undertaking is being transferred to Reliance Retail and Fashion Lifestyle Limited (RRFLL), a wholly-owned subsidiary of RRVL. 2. The Logistics & Warehousing Undertaking is being transferred to RRVL 3. RRFLL will also invest: (a) INR 1,200 crore in the preferential issue of equity shares of FEL to acquire 6.09 % of post-merger equity. (b) INR 400 crore in a preferential issue of equity warrants which, upon conversion and payment of balance 75% of the issue price, will result in RRFLL acquiring further 7.05% of FEL. <strong>Benefit to Reliance</strong> The acquisition of the future Group complements and makes a strong strategic fit into Reliance’s retail business. This acquisition is subject to SEBI, CCI, NCLT, shareholders, creditors and other requisite approvals.
Reliance Retail led Jio-Mart and Facebook, through its instant messaging platform Watsapp, is going to target 2-2.5 Crores SMEs and bring them in the eco-system of online from the current off-line mode. In the event organized by the Internet and Mobile Association of India, Ajit Mohan, VP, and MD of Facebook said that the Watsapp has already helped millions of Kirana Shops to digitize their shops and start selling online. <!--more--> Mohan has also given an example of the recently published report of the BCG group that consumer behavior is shifting more towards buying online and there is a rise of 15-20% in the segments such as apparel, mobile phones, and packaged foods. The recent event of COVID-19 which otherwise shook the economies of the whole world, however, has become a boon for certain sectors such as Pharma, Chemicals, e-commerce. And Jio-Mart being an e-commerce company has taken a big lap in grabbing the business. To bolster its presence, Reliance Retail is also looking to buy Future Group Company. As per buzz in the market, on Saturday, the Future Group is raising money to pay back its pending dues, and Reliance may infuse funds in the company. The coming years will be very interesting to see how e-commerce giants like Amazon, Reliance Retail, Flipkart fairs up in the competition.
<strong>Annual Report 2019-20 Highlights</strong> 1. In FY20, Hero-Fin Corp has become India’s No.1 two-wheeler financing company. 2. In FY19-20, Hero-Fin Corp has crossed a milestone of covering 50 Lakhs customers, network at 2000 locations, and registered a growth of 40% in loan disbursement as compared to last year. 3. Hero-Fin Corp has disbursed 17827 Crores of loans in FY19-20.<!--more--> 4. Total AUM as on 31.03.2020 stands at 25182 Crores. 5. PAT at 310 Crores up by 16% as compared to 268 Crores last year. 6. Employees strength as on 31.03.2020 stands at over 7500. 7. Hero-Fin Corp has recommended a final dividend of Rs. 2.55/- per equity share for the financial year ended March 31, 2020. <strong>Last 5 years Growth of Hero-Fin Corp </strong> <img class="alignnone wp-image-9318" src="https://unlistedzone.com/storage/knowledge-logo/1-2.jpg" alt="" width="434" height="332" /> <img class="alignnone wp-image-9319" src="https://unlistedzone.com/storage/knowledge-logo/2-2.jpg" alt="" width="435" height="349" /> <img class="alignnone wp-image-9320" src="https://unlistedzone.com/storage/knowledge-logo/3-1.jpg" alt="" width="431" height="370" /> <img class="alignnone wp-image-9321" src="https://unlistedzone.com/storage/knowledge-logo/4-2.jpg" alt="" width="435" height="365" /> <img class="alignnone wp-image-9322" src="https://unlistedzone.com/storage/knowledge-logo/5-1.jpg" alt="" width="442" height="379" /> <strong>Subsidiary Performance</strong> Hero-Fin Corp has one subsidiary called Hero Housing Finance Limited. 1. HHFL has Revenue from operations of Rs. 137.81 crore in financial year 2019-20 as compared to Rs. 26.27 Crore in previous year 2018-19, registering a growth of 425% over the previous year. 2. However, the net losses for the year after tax from operations has increased from Rs. 22.62 Crore in financial year 2018-19 to Rs. 32.14 crore in financial year 2019-20 3. HHFL has shown a tremendous growth and touched an asset under management (AUM) of Rs. 1793.06 Crore during the FY 2019-20. <strong>Equity Dilution in FY19-20</strong> In FY19-20, the Company has issued 13,109,753 partly paid up equity share, of face value of Rs. 10 each at a premium of Rs. 810 per equity share, with Rs. 460 paid up issue of shares ( including a premium of Rs. 454.40 per partly paid up equity share) on private placement basis. Allotted 824405 shares to Otter Limited, 170732 shares to Credit Suisse, and 2048781 shares to Apis Growth II (hibiscus) Pte. Ltd.
<strong>Highlights of the Financials</strong> 1. Signify India( Formerly Philips Lighting) has registered de-growth of 19% (Previous year growth of 1.8%). In FY19-20, the company has generated the revenue of 2901 Crores as compared to 3592 Crores last year. The decline was mainly contributed due to the following reasons. a) Due to decline in professional lighting and Government business, slowdown in infrastructure spending, liquidity crunch in Indian markets due to defaults by few NBFCs, price erosions due to competitiveness in market.<!--more--> b) Due to COVID-19, the consumer markets and supply chains got disrupted badly. And the demands for products were also severely affected on account of lockdown. Therefore, the Month of March-20 has not contributed much in the company. 2. In FY19-20, Signify India( Formerly Philips Lighting) has generated an EBIT of 261 Crores as compared to 281 Crores last year. 3. Despite decline of revenue, the EBITDA Margins have improved from 9% in FY18-19 to 11.7% in FY20. 4. Signify India( Formerly Philips Lighting) has clocked an EPS of 32 in the FY19-20. 5. Signify India( Formerly Philips Lighting) has excellent ROE of 36% and ROCE of 46%. 6. Signify India( Formerly Philips Lighting) has issued dividend of Rs 7.5 per share. <strong>Acquisition of Cooper Lightning</strong> This year Signify India has acquired “Cooper Lighting”, from “Eaton India”, by way of a slump sale, for a lump sum consideration of 93.9 Crores. <strong>Business Highlights</strong> 1. In FY19-20, the LED products have generated 83% of the revenue under lightning business which is almost same as that of last year. 2. In FY19-20, Signify India( Formerly Philips Lighting) has launched 70 new exclusive Philips Smart light hubs with increasing urbanization & focus towards Home connected lighting solutions. 3. About 92% of what company sell in India is made in India and this de-risks the production from external factors. 4. Signify India( Formerly Philips Lighting) has manufacturing unit in Vadodara which exports conventional and LED lamps to 29 countries across the world, and is also one of the most cost competitive conventional lamp manufacturing facilities in the world for Signify. 5. Signify India( Formerly Philips Lighting) has R&D lab in Noida. In FY19-20, the company has designed products such as - Philips T-beamer, Philips T-bulb to name few. 6. The Professional lighting solutions witnessed a de-growth of 28%, owing to reduced EESL tenders, limited government projects post the general elections in 2019, & economic slowdown especially in Infrastructure category. However, despite this, company got prestigious projects such as; a) Motera stadium in Ahmedabad, the world’s largest cricket stadium. b) Illuminating the iconic Qutub Minar in the capital city New Delhi c) Illuminating the Howrah Bridge in Kolkata. <strong>Shareholding Pattern</strong> Signify Holding B.V. (Formerly Philips Lighting Holding B.V.) holds 96.13% shares in the company. Famous investor Mr. Vallabh Roopchand Bhanshali holds 0.05% stakes in the company. <strong>Valuation of Signify India( Formerly Philips Lighting) in the unlisted market</strong> Currently, it is available at Rs.650 per share in the market. No. of shares outstanding = 5.75 Crores Valuation = ~3700 Crores Mcap/Revenue = 1.26x P/E = 20x
<div class="flex-1 overflow-hidden"> <div class="react-scroll-to-bottom--css-yjvnr-79elbk h-full"> <div class="react-scroll-to-bottom--css-yjvnr-1n7m0yu"> <div class="flex flex-col text-sm gizmo:pb-9 dark:bg-gray-800 gizmo:dark:bg-transparent"> <div class="w-full text-token-text-primary border-b border-black/10 gizmo:border-0 dark:border-gray-900/50 gizmo:dark:border-0 bg-gray-50 gizmo:bg-transparent dark:bg-[#444654] gizmo:dark:bg-transparent" data-testid="conversation-turn-19"> <div class="p-4 gizmo:py-2 justify-center text-base md:gap-6 md:py-6 m-auto"> <div class="flex flex-1 gap-4 text-base mx-auto md:gap-6 gizmo:gap-3 gizmo:md:px-5 gizmo:lg:px-1 gizmo:xl:px-5 md:max-w-2xl lg:max-w-[38rem] gizmo:md:max-w-3xl gizmo:lg:max-w-[40rem] gizmo:xl:max-w-[48rem] xl:max-w-3xl } group final-completion"> <div class="relative flex w-[calc(100%-50px)] flex-col gizmo:w-full lg:w-[calc(100%-115px)] agent-turn"> <div class="flex-col gap-1 md:gap-3"> <div class="flex flex-grow flex-col max-w-full gap-3 gizmo:gap-0"> <div class="min-h-[20px] text-message flex flex-col items-start gap-3 whitespace-pre-wrap break-words [.text-message+&]:mt-5 overflow-x-auto" data-message-author-role="assistant" data-message-id="24db19d5-9cd1-4c6c-bf26-67951226a8d0"> <div class="markdown prose w-full break-words dark:prose-invert light"> <p>The race to secure the coveted title sponsorship of the IPL 2020 intensified the moment VIVO, the Chinese smartphone giant, withdrew its sponsorship amidst growing anti-China sentiment in India. VIVO, which had been the official IPL partner since 2018, was contributing a substantial sum of approximately ₹450 Crores annually for the title rights.</p> <p>Several prominent names, including JIO, Patanjali, Byju's, Unacademy, and Dream11, were in the fray, eager to associate with what is arguably the most eagerly anticipated and widely watched cricket tournament globally. The suspense ended recently with the BCCI's announcement that Dream11 had emerged as the highest bidder, securing the title sponsorship for IPL 2020 with an offer of around ₹222 Crores for a one-year contract.</p> <p><strong>UnlistedZone Perspective</strong></p> <p>The withdrawal of VIVO this year marks a significant setback for both BCCI and the IPL franchises. VIVO's five-year contract, spanning 2018 to 2022, was valued at a colossal ₹2200 Crores - roughly equating to ₹450 Crores per year. Dream11's entry, while timely and pivotal, still represents a 50% reduction in the sponsorship amount compared to VIVO. This development is bound to impact the financial dynamics of the league and its associated entities.</p> <p>In the unlisted market, shares of Chennai Super Kings (CSK) surged post the announcement of IPL 2020. However, it's crucial to understand that the loss of VIVO as a title sponsor will likely have a noticeable effect on the revenue streams of franchises like CSK for the fiscal year 2020-21.</p> <p>Despite the reduced sponsorship amount, Dream11's involvement is a vital lifeline for the IPL in these challenging times, ensuring that the cricketing spectacle continues to enthrall millions across the globe. The shift also reflects the dynamic nature of sports sponsorships and the evolving landscape of corporate partnerships in major global sporting events.</p> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div>
Yesterday, we have published a report that Reliance Retail is in final talk to acquire Netmeds and by the end of the day, the news has been received by exchanges that Reliance Retail has bought Net-meds.<!--more--> <strong>Deal Details</strong> Reliance Retail Ventures Limited (RRVL)- holding company of Reliance Retail, has acquired a majority equity stake in Vitalic Health Pvt. Ltd. (“Vitalic”) and its subsidiaries (Collectively known as ‘Netmeds’) for a cash consideration of approximately INR 620 crores. This investment represents ~60% holding in the equity share capital of Vitalic and 100% direct equity ownership of its subsidiaries, viz: Tresara Health Private Limited, Netmeds Market Place Limited and Dadha Pharma Distribution Pvt Limited. <strong>About Vitalic Health Pvt. Ltd</strong> Incorporated in 2015, Vitalic and its subsidiaries are in the business of pharma distribution,sales, and business support services. Its subsidiary also runs an online pharmacy platform – Netmeds – to connect customers to pharmacists and enable door step delivery of medicines, nutritional health and wellness products. Netmeds offers a pan-India solution for the quick online purchase and fast delivery of prescription medications to over 20,000 pin codes. Netmeds has served over 5.7 million customers in more than 670 cities and towns. Through Net-meds Consumers get access to more than 70,000 prescription drugs for chronic and recurring ailments as well as enhanced lifestyle drugs and thousands of non-prescription goods for wellness, health, and personal care. Netmeds is promoted by Dadha Pharma, a Chennai-based company. The Dadha family’s pharmaceutical experience dates back to 1914, when they ventured first into the pharma retailing business and then into drug manufacturing in 1972. <strong>Reliance Retail Management view</strong> The addition of Netmeds enhances Reliance Retail’s ability to provide good quality and affordable health care products and services, and also broadens its digital commerce proposition to include most daily essential needs of consumers. Netmeds’ journey to build a nationwide digital franchise in such a short time is really a commendable job.
Indicative prices, company research and your enquiries — in your pocket. Get price notes on the names you follow and reach our team from anywhere.
