NCL Buildtek Limited (Previously NCL Alltek & Seccolor Limited) Unlisted Shares

(i) Alltek Plasters are invented and developed in Sweden and patented in many countries by the company’s technical collaborators International Coating Products (ICP), Sweden. They have been widely used under varied climatic conditions in Europe, the Middle East, Africa, and Asia.

What is Alltek Plasters?

Alltek trendy is an exterior grade ready mixed plaster made with natural minerals marble powder, sand and other carefully selected and sieved minerals in an acrylic binding medium. It also contains film protecting additives, for long years of protection over the applied surface.

Alltek is a ready-mixed product with excellent Acrylic binders, anti-cracking, anti-foaming, anti-fungal, anti-rusting agents, and carefully selected natural colored sieved dolomite, marble, granite, quartz, and other inert fillers.

(ii) NCL Buildtek Limited (Previously NCL Alltek & Seccolor Limited) is the sole licensee in India for ICP plasters and successfully completed many prestigious projects.

(iii) Alltek is the first company in India to manufacture Putty (Textured Paints). It manufactures different grades and different finishes for interior and exterior applications like plain, granular, textured and other designer finishes to suit various tastes of Architects, Builders and Interior Designers.

(iv) Alltek Exterior Grades are also ready-mixed plasters with excellent synthetic binders, the main difference being the high percentage of special binders and fungicides. These are specially formulated to suit exterior climatic variations and available in a number of natural shades.

(v) Alltek cement primers are very popular in Indian Market for interior and exterior applications. Alltek produces excellent water-based Emulsion Paints both for interior and exteriors. The product range includes several grades covering over 300 shades for world-class beautification of walls.

Products of the company

Presence of the Company

FY19-20 Analysis

1. After a stellar FY 2018-19, the company saw a significant decline in turnover in FY 2019-20 While the overall economic slowdown and slowdown in the real-estate sector contributed to a decline in revenue, the primary reason the company saw the significant decline was due to government contracts being kept on hold by the Government of Andhra Pradesh.

2. Excluding the AP Government orders, the Windoors and Coatings division each saw an 8% increase in gross turnover.

3. Turnover in the Autoclaved Aerated Concrete (AAC) Blocks division declined by about 22%. The decline in the AAC blocks division was mainly due to a significant slow-down witnessed in the construction activity due to the shortage/non-availability of sand.

4. The second AAC blocks unit in Nellore has been commissioned and production has commenced. The modernization of the putty plant in Mattapalli has been completed by installing a 3T mixer. Acquisition of the land for setting up the steel doors factory in Ratnapuri has been completed and efforts are underway to finalize the plant layout.

5. The high-end aluminum fabrication unit has started production. Inquiries and orders have started flowing in. A state-of-the-art powder coating facility is in market trials and the company plans to use this for captive consumption as well as an alternate source of revenue.

6. The company has entered into an agreement to use solar power to cover 43% of its power needs at four production facilities through renewable energy with little to no investment.

Promoters And Management:

Mr. K. Jayabharath Reddy, I.A.S.(Retd.)	Chairman
Mr. M. Kanna Reddy	Independent Director
Mr. BH Kiran	Independent Director
Mr. Ashven Datla	Director
Mrs. Shilpa Datla	Director
Mr. S.S. Raju	Director

Financials of NCL Buildtek Limited (Previously NCL Alltek & Seccolor Limited) Unlisted Shares:

(Figures in Crores)

Year	Revenue	EBITDA	EBITDA Margins	PBT and Exceptional profit	Exceptional profit	PAT	EPS
2018	258	38	14.7%	28	38	52	44
2019	373	59	15.8%	46	1.25	31	25
2020	285	35	12.58%	19	0.07	19	16.4
2021	265	17	6.42%	-7	1.33	-7	-7.20

Year	Net-worth	Debt	D/E	Equity	FV
2018	109	30	0.28	5.7849	10
2019	133	78	0.59	5.7849	10
2020	149	113	0.75	11.5697	10
2021	138	92	0.67	11.5697	10

Financial Analysis of FY18-19 1. The company has excellent growth of 45% in FY18-19 as compared to last year. 2. The FY19 profit is 30 Cr vs 51 Cr last year( including exceptional gain). 3.  The FY19 EPS ( without exceptional profit) is Rs. 52 vs 31 last year. 4. The company is planning for an IPO of 300 Cr, which will be the mix of Fresh Issue and OFS. 5. The company has proposed bonus shares in a 1:1 ratio in FY18-19. 6. The company is currently available at Mcap of 231 Cr. The company is currently available at P/E of 7.54x and Mcap/Revenue<1. Financial Analysis of FY19-20 1.  The revenue has fallen 23% in FY19-20 due to a slowdown in the economy and the company not getting good orders from the AP government. 2. EBITDA and PAT have also fell by 40% and 38% respectively. 3. The company has clocked an EPS of 16 per share. 4. P/E = 12.5x. 5. In FY19-20, the company has given a dividend of Rs. 2.50 per share. Six Year Analysis of NCL Buildtek Limited

Particulars(cr)	2015	2016	2017	2018	2019	2020
Revenue	163	178	301	273	373	285
EBIT	25.77	24	35.48	33.62	54.18	29.34
Capital Employed	127	140	201	190	176	224
ROCE	20%	17%	18%	18%	31%	13%
PAT	17.43	14.81	34.29	49.49	30.94	17.36
CFO	1.34	10.09	-6.22	86.31	10.11	16.02
Capex	25.74	18.57	10.91	35.75	52.47	50.33
Free Cashflow	-24.4	-8.48	-17.13	50.56	-42.36	-34.31
Cash in hand	2.26	4.94	10.04	18.87	15.72	5.19
Dividend Amount	2.89	2.89	3.18	3.18	3.82	3.49
Shares outstanding	0.5789	0.5789	0.5789	0.5789	0.5789	1.1570
DPS	5.0	5.0	5.49	5.49	6.60	3.02

Ncl Buildtek FY21 Results Ncl Buildtek Annual Report 2019-20 Ncl Buildtek Annual Report 2018-19 NCL Builtek Annual Report 2017-18 Graphical representation of Financials of NCL Buildtek Limited (Previously NCL Alltek & Seccolor Limited) Unlisted Shares  

Company Address:

Regd. Office : 4th Floor, Plot No.1, Ganga Enclave, Kompally Road, Petbasheerabad, Hyderabad - 500067. Phone : 040 - 4969 3333, 2716 5186 Fax : 040 - 4969 3328 Email : contactus@alltekcoating.com companysecretary@nclseccolor.com Websites : www.nclalltek.com, www.nclseccolor.com CIN : U72200TG1986PLC006601 Phone:    91-040-2716 5186, 4969 3333 Cell:        09000 5678 44 Fax:        040-2716 5562 Email:     contactus@alltekcoating.com