Blogs, insights, guides and videos on India's unlisted market — all in one place.
<div id="pl-1740" class="panel-layout"> <div id="pg-1740-0" class="panel-grid panel-no-style"> <div id="pgc-1740-0-0" class="panel-grid-cell" data-weight="1"> <div id="panel-1740-0-0-0" class="so-panel widget widget_sow-editor panel-first-child panel-last-child" data-index="0" data-style="{"background_image_attachment":false,"background_display":"tile"}"> <div class="so-widget-sow-editor so-widget-sow-editor-base"> <div class="siteorigin-widget-tinymce textwidget"> ~The fastest-growing retailer in the country. <strong>Indian Retailing:</strong> Indian retailing is a rapidly growing industry, amounting to nearly 10% of the overall GDP. It has a potential market of nearly a trillion dollars. The point really is on the share of the unorganized sector in Indian retailing, nearly 90% of the market. Nevertheless, the trend is shifting more towards the ‘Organized Retail’ and ‘E-commerce’. The modern retailing is expected to grow at a CAGR of 20% and the traditional retailing at 10% per annum in the coming years. E-commerce is set to grow at an even faster rate. Therefore, the potential for players like Reliance Retail, which spreads its wings through most of the consumer space, is huge. Furthermore, with the organized sector expanding into rural areas, the opportunities are huge. With the changing aspirations and preferences, consumers are moving towards the modern retail shops, in turn prioritizing quality. <strong>Reliance Retail Operations:</strong> The Mukesh Ambani led ‘Reliance Retail’ is the largest retailer in India with a pan-India presence. There are 10,644 stores across 6700 towns and cities in India. Reliance Retail is looking to expand to tier-3 and tier-4 markets. It has started its operations in 2006 and branched into various divisions of the consumer space. • Reliance Trends: Clothing • Reliance Fresh: Food and Groceries • Reliance Digital: Consumer Electronics (TV sets, mobiles, tablets, washing machine, etc.) • Reliance Footprint: Footwear • Reliance Market: A wholesale cash and carry store chains for supporting the local Kirana shops. • Reliance Jewels: Jewellery. • AJIO: An e-commerce platform for clothing. • Reliance Mall: It houses all the divisions of Retail together. <img class="alignnone wp-image-1748 size-full" src="https://unlistedzone.com/storage/knowledge-logo/Capture.jpg" alt="" width="560" height="326" /> <strong>FIG.1 </strong> Fig.1 shows that there is no sector, which has an excessive contribution to the sales, which in turn leads to diversification amongst the different sectors. It is to say ‘Reliance Retail’ is focusing on most of the needs of consumers, be it in modern retailing (Trends, Digital, Jewels, and Footprint) or wholesale distribution. It is aiming at the ‘urban family’ of India, the youngsters and even the unorganized sector (Reliance Market). For example, a modern family gets its groceries from Fresh, washing machine from Digital, clothes from Trends and so on. <strong>Challenges-Peers:</strong> The retailing sector is very competitive in nature and with almost no barriers of entry to set up shops. Not only does Reliance Retail face fierce competition from domestic retailers like Future Group, Pantaloons, Avenue Supermarts, and Spencer’s Retail, but also from the likes of Wal-Mart, the biggest retailer on the planet. Another challenge facing the retailers is the e-commerce platforms, with digitization growing so rapidly, platforms like ‘BigBasket’, ‘Grofers’, ‘Myntra’, ‘Flipkart’ and ‘Amazon’ are increasing their sales quite rapidly. However, Reliance Retail has started AJIO, an e-commerce platform, for clothing to establish itself, even in the e-commerce sector. <strong>COMPARISON:</strong> <img class="alignnone wp-image-1753 size-full" src="https://unlistedzone.com/storage/knowledge-logo/Capture2.jpg" alt="" width="478" height="314" /> <strong>FIG.2</strong> <ul> <li>Reliance Retail dwarfs any other retailer in store count.</li> </ul> <img class="alignnone wp-image-1754 size-full" src="https://unlistedzone.com/storage/knowledge-logo/Captur03e.jpg" alt="" width="487" height="319" /> <strong>FIG.3</strong> <ul> <li>Reliance Retail proved to be one of the most efficient retailers with maximum ‘<strong>RSF</strong>’, while operating the highest number of stores in the country.</li> </ul> <strong>FINANCIALS</strong>: The growth rates are phenomenal. <strong>REVENUE</strong>: The nearly exponential growth of sales at CAGR 55%. From INR 16,169 crores to INR 1,30,566 crores/ <img class="alignnone wp-image-1749 size-full" src="https://unlistedzone.com/storage/knowledge-logo/4-1.jpg" alt="" width="525" height="315" /> <strong>PROFIT AFTER TAX</strong>: PAT remains the highest in the country amongst retailers, and it has grown at an astounding CAGR of 61% for the past five years. Profit of INR 3400 crores for FY 2018-19 <img class="alignnone wp-image-1750 size-full" src="https://unlistedzone.com/storage/knowledge-logo/a.jpg" alt="" width="538" height="303" /> <strong>NET PROFIT MARGIN (NPM)</strong>: The trend of NPM has been upward for the past few years, currently at 2.6%, although not the best amongst the peers. <img class="alignnone wp-image-1751 size-full" src="https://unlistedzone.com/storage/knowledge-logo/s.jpg" alt="" width="519" height="316" /> <strong>Market Capitalization:</strong> The expected market cap of Reliance Retail could be somewhere between INR 2,24,000 crores to INR 3,20,00 crores, the range is arrived taking into account of the current market scenario of well-run retailers. Most of the retailers are trading at a very high P/E multiple compared to other industries, therefore placing huge expectations in the future growth of these retailers. <strong>CONCLUSION:</strong> With the consumer spending that is prevalent in the economy, due to various reasons, ‘Reliance Retail’ is bound to grow. It has established a brand image in the minds of consumers, the modern Indian family, the youngsters and the local shops as well. However, competition is intense, be it from players like Amazon, Wal-Mart or D-Mart. Reliance Retail has to stay ahead of its peers in order to grow and maintain a competitive advantage. Finally, with its expansion into mid and low tier cities, it has a tremendous opportunity to capitalize on the growth of consumerism in those markets. The differentiators, I hope ‘Reliance Retail’ will sustain in the coming decades, are its reach, exclusivity, reputation, and value proposition for everyone. Note: Financials referred to https://unlistedzone.com/shares/reliance-retail-limited-unlisted-shares/ and Annual Reports of “Reliance Industries Limited” (RIL). </div> </div> </div> </div> </div> </div>
<span style="font-size: 14pt;"><strong>Financials of the last 5 years</strong></span> <table width="509"> <tbody> <tr> <td style="text-align: center;" width="64"><strong>Year</strong></td> <td style="text-align: center;" width="95"><strong>Revenue( Lakhs)</strong></td> <td style="text-align: center;" width="89"><strong>Expense(Lakhs)</strong></td> <td style="text-align: center;" width="89"><strong>PAT(Lakhs)</strong></td> <td style="text-align: center;" width="108"><strong>Equity(Lakh)</strong></td> <td style="text-align: center;" width="64"><strong>EPS</strong></td> </tr> <tr> <td style="text-align: center;" width="64">2015</td> <td style="text-align: center;" width="95">33,810.71</td> <td style="text-align: center;" width="89">31,877.24</td> <td style="text-align: center;" width="89">1,265.21</td> <td style="text-align: center;" width="108">30.36</td> <td style="text-align: center;" width="64">41</td> </tr> <tr> <td style="text-align: center;" width="64">2016</td> <td style="text-align: center;" width="95">37,310.05</td> <td style="text-align: center;" width="89">35,551.68</td> <td style="text-align: center;" width="89">1,142.10</td> <td style="text-align: center;" width="108">30.36</td> <td style="text-align: center;" width="64">37</td> </tr> <tr> <td style="text-align: center;" width="64">2017</td> <td style="text-align: center;" width="95">38,301.56</td> <td style="text-align: center;" width="89">36,573.17</td> <td style="text-align: center;" width="89">1,091.45</td> <td style="text-align: center;" width="108">30.36</td> <td style="text-align: center;" width="64">35</td> </tr> <tr> <td style="text-align: center;" width="64">2018</td> <td style="text-align: center;" width="95">40,918.28</td> <td style="text-align: center;" width="89">38,714.97</td> <td style="text-align: center;" width="89">1,454.63</td> <td style="text-align: center;" width="108">30.36</td> <td style="text-align: center;" width="64">48</td> </tr> <tr> <td style="text-align: center;" width="64">2019</td> <td style="text-align: center;" width="95">47,283.00</td> <td style="text-align: center;" width="89">43,645.00</td> <td style="text-align: center;" width="89">2,350.00</td> <td style="text-align: center;" width="108">30.358</td> <td style="text-align: center;">77</td> </tr> </tbody> </table> <span style="font-size: 14pt;"><strong>UZ Review (FY18-19)</strong></span> <strong>1</strong>. The company has shown a <strong>Revenue growth</strong> of 15.56% in FY18-19 as compared to last year. <strong>2</strong>. The company has shown excellent <strong>PAT growth</strong> of 61% in FY18-19 as compared to last year. <strong>3</strong>. The Company is virtually <strong>debt-free</strong>. <strong>4</strong>. The EPS comes out to be 77 in FY18-19. So at CMP of 1250, it is available at P/E of 16.23. <span style="text-decoration: underline;"><span style="color: #ff6600; font-size: 14pt;"><a style="color: #ff6600; text-decoration: underline;" href="https://unlistedzone.com/storage/knowledge-logo/june_2019.pdf">Results PDF Form - 22.08.2019</a></span></span> <span style="text-decoration: underline;"><strong> </strong></span>
Paytm has elevated its CFO and senior vice-president Madhur Deora as president in a newly created role. The Citigroup veteran, who joined the digital payments company in 2016, will now oversee multiple business lines at the Noida-based firm. Deora, a former investment banker, will now be responsible for all of Paytm’s consumer services business, the company said <strong>ON GROWTH PATH</strong> “We have grown over 20 times in the past three years by creating a payments-led lifestyle and financial services app in our country,” said Vijay Shekhar Sharma, founder, and chief executive officer at Paytm. “The next phase of our journey is to expand our offerings in consumer internet and financial services. As we expand our business, we are promoting Madhur to the role of president. He has been a key partner in this success.” <div> <div> Deora, who had so far been spearheading all dealmaking at the company, had led Paytm through its multiple financing rounds along with a slew of acquisitions it has completed. One97 Communications, the parent of Paytm, has been in talks to raise a new $1-1.5 billion in fresh capital <div> <span style="font-size: 14pt; color: #ff6600;"><strong><a style="color: #ff6600;" href="//economictimes.indiatimes.com/articleshow/70731698.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst">Click this to read more:</a></strong></span> </div> </div> </div>
Reliance Industries is aiming to list its consumer businesses Reliance Jio and retail arm Reliance Retail in the next five years. Chairman Mukesh Ambani told the company’s 42nd annual general meeting that the two verticals to would soon be bringing in 50 percent of the group’s consolidated EBITDA. Addressing shareholders, Ambani said, “We have received strong interest from strategic and financial investors in our consumer businesses. We will induct leading global partners in these businesses in the next few quarters, and move towards listing both these companies in the next five years <a style="color: #ff6600;" href="//economictimes.indiatimes.com/articleshow/70641051.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst"><span style="text-decoration: underline;">Click here to read more</span></a>
<strong>Dear Shareholders,</strong> Let me now talk about – the retail business.I am proud to say that Reliance Retail has well and truly brought the Retail Revolution to India. <strong>(i)</strong> We are able to deliver the highest value to our customers because we have the widest geographical footprint; nationwide supply chain; technology expertise; design & product development; and the largest assortment of goods and services. <strong>(ii)</strong> Reliance Retail provides us with a hyper-growth platform, as the Indian consumer demands products and services which are at par with the best in the world. It is the best proxy for the consumption story of India. <strong>(iii)</strong> We achieved a significant milestone with our turnover crossing 1,30,000 crore in the FY18-19. We have achieved this milestone faster than any other retail company in the world.Our <strong>EBITDA margins</strong> are among the best globally. <strong>(iv)</strong> The Retail business has grown phenomenally, registering a 7-fold increase in revenue and a 14-fold increase in profit in the last six years. Our relentless focus on operating discipline has resulted in a 3-fold rise in per-store productivity in the last 5 years. <strong>(v)</strong> We serve more than 1 lakh customers every hour, a feat no Indian retailer has been able to achieve. Last year, we delighted over 15 crore unique customers. We registered over 500 million footfalls last year, becoming India's preferred shopping destination. <strong>(vi)</strong> We have expanded our footprint at a rate of 8 stores per day, opening a total of 3,000 new stores this year, higher than any other retailer globally. Our spread of stores covers all corners of the country, with presence in nearly 7,000 towns and cities. Over 2/3rd of our 10,415 stores are in Tier II, Tier III and Tier IV towns. These towns are connected with a modern supply chain capable of delivering products from distribution centers spread across the country. The unique customer insights can be leveraged to grow into a much bigger business in the next five years. <span style="font-size: 14pt;"><strong>Here are a few more signposts of our spectacular achievements in Reliance Retail.</strong></span> Reliance Digital is the undisputed leader in India in consumer electronics retailing. We sell more phones, laptops, refrigerators, TVs, and ACs than any other retailer in the country. We sold a TV every 24 seconds last year, and we sold a phone every 2 seconds. In Grocery, we are India's largest modern trade retailer. Reliance Retail sells nearly half of the fresh fruits and vegetables sold by the entire modern retail ecosystem in India. We sold more than 6.4 lakh tonnes of groceries during the year. In the fashion category, Reliance Trends is the undisputed leader. Reliance Trends sold over four lakh garments every day last year. With the acquisition of Hamleys, <strong>Reliance Retail</strong> has transformed into a global retailer with a presence in 18 countries. We are proud to own a global category leader in children's premium toys that we can take to other parts of the world and we will be the first Indian company to do so. And we continue to be the preferred partner for several international marquee brands in India. Today, we are the only Indian retailer to be ranked in the Global 100 top retailers. Over the next 5 years, our aim is to be amongst the world's top 20 retailers. <span style="font-size: 14pt;"><strong>New Initiatives ( Connecting 3 Cr Kirana Shops)</strong></span> Now I want to update you on Reliance's New Commerce initiative that I spoke about last year. New Commerce is a massive new business opportunity of USD 700 billion. However, for Reliance, it is the greatest opportunity to promote inclusive growth and shared wealth at the bottom of India's commerce and retail pyramid. The main purpose of <strong>New Commerce</strong> is to completely transform the unorganized retail market, which accounts for <strong>90% of India's retail industry.</strong> The 3 crore merchants and <strong>Kirana shop owners</strong>, who generate direct and indirect livelihoods for over 20 crore people, form the backbone of India's commerce ecosystem. These highly energetic and self-motivated entrepreneurs have suffered in recent years because of their inability to invest in technology and infrastructure. In the true Reliance ethos, we are working towards enriching and empowering them with our end-to-end digital and physical distribution stack. For this, we are deploying blockchain, IoT, AI and other new technologies on a pan-India basis. This tech-enabled partnership will link producers, traders, small merchants, consumer brands and consumers. Our merchant Point of Sale (POS) Solution – Jio Prime Partner POS – is integral to our plan to create an ecosystem around small merchants. This user-friendly digital platform is designed for inventory management, customer relationship management, financial services, and other services. This will modernize even the smallest neighborhood <strong>Kirana shop</strong> to become a future-ready digitized store. During the last year, we have made significant progress in developing and testing our merchant technology platforms. Our beta trials with thousands of merchants across multiple locations in the country established the premise of New Commerce with a significant increase in sales and improvement in margins for the participating merchants. We are now getting ready to roll out the platform at a larger scale.<strong> Reliance's New Commerce platform</strong> thus represents the Digital Symbiosis of Big and Small Enterprises. I believe that the Small must not only survive but also thrive in New India.
The Prem Watsa backed Catholic Syrian Bank( the CSB) is all set to raise 400 Cr from IPO. The CSB bank has filed DRHP with SEBI. The company will issue fresh shares of 30 cr and OFS of 370 Cr. The issue is a combination of fresh shares and an exit opportunity for investors who were holding shares for years. In 2018, the RBI has allowed Prem Watsa, Canadian Billionaire to take control of the company and it becomes first Indian bank to be controlled by foreign promoters. The RBI has given permission on the condition that they have to list the bank. We are accepting the IPO price to be between Rs.185-200. For more detail about the Catholic Syrian Bank, please<span style="color: #ff6600; font-size: 14pt;"> <a style="color: #ff6600;" href="https://unlistedzone.com/shares/buy-sell-catholic-syrian-bank-unlisted-shares-price-allotment-shareholders/">click here</a></span>
<h3>Introduction:</h3> <p>Sterlite Power Transmission Ltd (SPTL), a prominent player in power transmission infrastructure both in India and internationally, is currently on the lookout for an equity investor. The company aims to raise up to ₹3,000 crore to finance new projects, as revealed by sources familiar with the matter.</p> <h3>Seeking Investment:</h3> <p>According to insiders, SPTL has not yet finalized any investors but has approached several major investment entities. These potential investors include long-term, yield-focused funds, aligning with the company's growth and sustainability goals.</p> <h3>Company Overview:</h3> <p>Sterlite Power, part of the diverse Sterlite Group, has vested interests across power transmission assets, equipment manufacturing, and engineering procurement construction (EPC). It boasts manufacturing facilities in Silvassa, located in Dadra and Nagar Haveli, reinforcing its manufacturing prowess.</p> <h3>Operational Footprint:</h3> <p>The company has developed an impressive power transmission infrastructure portfolio, exceeding 12,816 circuit km. Its primary operations are centered in India and Brazil, reflecting a significant international presence.</p> <h3>Leadership:</h3> <p>Under the guidance of Pratik Agarwal, nephew of Vedanta Group founder Anil Agarwal, Sterlite Power has demonstrated commendable leadership and strategic direction in the power sector.</p> <h3>Market Presence:</h3> <p>Sterlite Power has marked its presence in the financial market by successfully listing its operational assets under IndiGrid, a publicly-traded power infrastructure investment trust (InvIT). This move signifies the company's robust financial strategy and market adaptability.</p> <h3>Conclusion:</h3> <p>Sterlite Power Transmission Ltd's pursuit of an equity investor to raise ₹3,000 crore is a strategic step towards expanding its project portfolio and reinforcing its position in the power transmission sector. This initiative aligns with the company's long-term vision of growth and sustainability in both domestic and international markets. With its strong background and dynamic leadership, Sterlite Power is well-positioned to embark on new ventures that will further solidify its market presence</p>
Amazon.com Inc is in exploratory talks with Reliance Industries Ltd-owned Reliance Retail for buying up to 26% stake in India's biggest brick-and-mortar retailer, the Economic Times (ET) reported on Thursday. Talks began after Reliance's negotiations with China's Alibaba Group to sell a stake in the retail entity fell through due to differences over valuation, the financial daily reported citing two senior industry executives. However, there is no certainty the initial discussions will lead to a deal, according to the report. "As a policy, we do not comment on media speculation and rumors. Our company evaluates various opportunities on an ongoing basis," Reliance Industries said in a statement. Amazon declined to comment. The Seattle-based e-commerce giant has been engaged in a pitched battle for Indian market share against Walmart Inc's Flipkart, with both companies announcing various plans to attract more customers in what is viewed as one of their most important growth markets. Reuters reported on Monday that Amazon was planning a foray into the burgeoning online food delivery business in India this year. <span style="color: #ff6600;">Source: Business Standard</span>
The Reliance Industry is looking to list its most valuable subsidiary i.e. Reliance Retail this year, which has clocked a Revenue of 1,30,000 Cr this year.Reliance Retail has become India's first retail company to cross the 1 lakh Cr of Revenue. <span style="color: #000000;"><span style="text-decoration: underline;"><strong>Food and Grocery Category</strong></span> -</span> Reliance Retail operates <strong>Reliance Fresh</strong>, <strong>Reliance Smart</strong> and <strong>Reliance Market</strong> stores. <span style="text-decoration: underline; color: #000000;"><strong>Consumer Electronics Category</strong> </span> Reliance Retail operates <strong>Reliance Digital, Reliance Digital Express Mini stores, and Jio stores</strong>, <span style="text-decoration: underline; color: #000000;"><span style="text-decoration: underline;"><strong>Fashion & lifestyle Category </strong></span></span> It operates <strong>Reliance Trends</strong>, <strong>Trends Women</strong>, <strong>Project Eve</strong>, <strong>Reliance Footprint,</strong> <strong>Reliance Jewels</strong> and <strong>AJIO.com</strong> in addition to a large number of partner brand stores across the country. Valuations of Reliance Retail, India’s biggest retailer by revenue, crossed Rs 2.5 lakh crore last week in the unofficial market. <div><span style="text-decoration: underline; font-size: 14pt;"><span style="color: #ff6600;"><strong><a style="color: #ff6600; text-decoration: underline;" href="https://unlistedzone.com/shares/reliance-retail-limited-unlisted-shares/">Read more about Reliance Retail Click here </a></strong></span></span></div> <div></div>
Suryoday Small Finance Bank (SFB) announced its plans to raise up to Rs 1,000 crore through initial public offer (IPO) by mid-2020. The company would raise about Rs 400 crore through an offer-for-sale (OFS), while fresh capital infusion would take the total IPO size anywhere between Rs 600 crore and Rs 1,000 crore, informed a top official here. R Baskar Babu, CEO, Suryoday Small Finance Bank stated that the preparations for the IPO will begin from December this year following compliance requirements. "The IPO will come by September 2020. We are looking to raise Rs 400 crore through OFS, while further fresh equity infusion will take the IPO size between Rs 600 and Rs 1,000 crore," said Babu. The scheduled commercial bank, which started banking operations in January 2017, has achieved an asset portfolio of about Rs 3,000 crore and deposit book of about Rs 1,800 crore. "We are planning to increase our asset portfolio to approx Rs 4,500-5,000 crore, while the deposits are expected to increase to Rs 3,500-4,000 crore by end of the fiscal," said Babu, who was in Ahmedabad to announce bank's expansion in Gujarat market. Suryoday SFB is also planning to increase its number of banking outlets from the current 382 to about 600 by March next year. <span style="color: #ff6600;">Source: Business Line, the Hindu</span>
During a Surveillance meeting at SEBI, it has been decided to implement uniform / standardized reason codes for off-market transfers by both depositories, to provide an audit trail of reasons associated with such transfers as a risk mitigation measure. DPs are advised to inform & educate their BOs regarding the availability of new reason codes (while executing DIS) and dis-continuation of some codes. DPs should ensure the correctness of entry while capturing the reason mentioned by the BO on DIS. DPs are also requested to inform their CMs and easiest BOs about the changes. The updated list of reason codes (as mentioned above) will be available in CDSL system with effect from August 03, 2019 and September 14, 2019 respectively. <span style="text-decoration: underline;"><a href="http://DPs are advised to inform & educate their BOs regarding availability of new reason codes (while executing DIS) and dis-continuation of some codes. DPs should ensure correctness of entry while capturing the reason mentioned by the BO on DIS. DPs are also requested to inform their CMs and easiest BOs about the changes. The updated list of reason codes (as mentioned above) will be available in CDSL system with effect from August 03, 2019 and September 14, 2019 respectively.">Download Circular Here</a></span>
The National Company Law Appellate Tribunal (NCLAT) has rejected promoter Prashant Ruia’s appeal against Essar Steel’s sale to ArcelorMittal, paving the way for the takeover of the debt-crippled steel major. NCLAT said the issue has been decided by the Supreme Court and that the Committee of Creditors has no role in the distribution of the settlement amount. The Lakshmi Mittal-led ArcelorMittal’s Rs 42,000 crore resolution plan for Essar Steel was approved by NCLT on March 8. The tribunal had observed that though it did not want to change the resolution plan approved by the committee of creditors, and it would suggest the lender reconsider the distribution of dues and give 15 percent of the total offer to operational creditors. <span style="text-decoration: underline; color: #ff6600; font-size: 14pt;"><a style="color: #ff6600; text-decoration: underline;" href="https://economictimes.indiatimes.com/markets/stocks/news/blow-for-ruias-nclt-rejects-plea-challenging-essar-steel-sale-to-arcelormittal/articleshow/70071851.cms">Read more Click here</a></span>
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