Anugraha Valve CastingsLtd is manufacturer & exporter of steel & stainless steel castings for valve & pump industries. The company is one of the leading steel foundry situated in the steel hub South India, Coimbatore and has four Foundries and two Machine Shops. For the last two decades it has been serving to the major valve manufacturers who cater Engineering, Petroleum, Chemical and Gas Industries globally. Anugraha Valve Castings Ltd Current Unlisted Share Price is Rs 390 – 400 per share.
Face Value: Rs 10 Per Equity Share
ISIN: INE629Z01015
CIN NO : U27109T1992PLC003873
SECTOR : Castings/ Materials
SUB-INDUSTRY: Iron & Steel Foundry
Lot Size: 50 Shares
Current Rate: Rs 390 per share negotiable (best rate in market)
anugraha valve castings limited annual report and Financial Details: Financial Profit and Loss Account FY 2021
The company has recommended a dividend of Rs 2.00 per equity share for the Financial Year ended 31st March 2021.
Balance Sheet FY 2021
Financial Analysis
During the financial year 2020-21, the company’s total revenue dropped to Rs 216.30 crores from Rs 252.56 crores in the previous year.
However, Net Profit jumped to Rs 13.95 Crores as against Rs 11.43 Crores in the previous financial year.
EPS increased to Rs 39.58 from Rs 32.42.
Anugraha Valve Castings Corporate Presentation Video –
BOARD OF DIRECTORS
R. Baskaran, (Chairman & Managing Director)
B. Anandkumar, (Joint Managing Director)
R.P. Joshua, (Independent Director)
S. Ponraj, (Independent Director)
Ramnath Dureja, (Non-Executive Director)
Ajay J Shah, (Non-Executive Director)
Anugraha’s main focus is on the production of Industrial Valve Castings with size ranging from 0.5” to 32” according to ASTM and EN Specifications in raw and fully machined condition. Anugraha exports over US$36 million of steel castings per annum. The company exports over 6,000 Metric tons of Steel, Stainless Steel, Alloy Steel, Nickel based alloy, Duplex and Super Duplex steel castings per annum in raw and fully machined conditions.
It follows consistent quality as per international standards, decorated with quality certifications like ISO 9001:2015, ISO 14001:2015, OHSAS 18001:2007, etc.
Anugraha has the most comprehensive and renewed spectrum of wide ranging product mix and proudly announces and manufactures all components of different valves like –
Gate Valve
Globe Valve
Swing Check Valve
Strainer Valves
Control Valve
Knife Gate Valve
Safety Relief Valve
Ball Valve
Butterfly Valve
Plug Valve
Flame Arrester Valve
Product Range
Carbon
Low Alloy Steel
High Alloy Steel
Stainless Steel
Nickel based Alloy
Duplex
Super Duplex Steel
Anugraha Valve Castings serves customers worldwide. Anugraha has four manufacturing units and modern Two Machine Shops which are situated in and near Coimbatore. Machine shops are equipped with conventional and numerous CNC machines. It is having more than 26,945 square meters of floor area with a capacity of 15000 MT per year.
In FY2008, the company merged its Group company, Graha Industries Private Limited (GIPL) with itself. While the company catered to the local demand in the initial years, post 1999, it started exporting steel castings to European companies and has since focused exclusively on overseas clients and built strong relationships over the years. The export destinations include Germany, France and Italy and the company has recently entered into geographies such as the US, Canada and Russia.
Anugraha forte lies in the convention usage of sophisticated testing facilities. Induction furnaces available with 350, 500, 1000, 3000 and 5000 Kgs.
About 90% of AVCL’s revenues are derived from exports, with most of its customers concentrated in the European countries such as Germany, Italy and France. Further, the company was able to add new customers to its portfolio from geographies namely, France, Italy, Spain and China. The company has obtained the following certifications:
ISO 9001:2015 certification accredited by M/s. Lloyds Register Quality Assurance and TUV Nord.
ISO 14001:2015 certification accredited by M/s. Lloyds Register Quality Assurance.
OHSAS 18001:2007 certification accredited by M/s. Lloyds Register Quality Assurance.
AD 2000-Merkblatt W0 approval, PED 2014/68/EU Approval and ISO 3834 – 2 (EN 729-2) Approval by TUV Nord.
Approval for manufacturing of material from BV, Lloyds, DNV-GL AS, ABS, NKK, RINA and KRS for witness pouring, testing review and for certification-Marine Application, Approval for Manufacturer Capability Certificate (MCC) from DNV-GL (OIL and GAS) and has Manufacturer Qualification for special materials 4A, 5A and 6A according to NORSOK M-650 ED4.
Outlook:
AVCL has been manufacturing and exporting steel castings since 1993, which is used in the valve and pump industries. The promoter has over two decades of experience in the steel castings and valve-manufacturing business. The company’s net worth is strong at Rs 181.99 crore as on March 31, 2019 on the back of healthy accretion to reserve over the years. The strong net worth base and low debt level resulted in healthy capital structure.
Anugraha Valve Castings latest book value is approx Rs 575. Promoter holding is above 85% and is steadily rising every year due to creeping acquisition. Company is more than 25 year old, profitable, almost nil debt and dividend paying. Hence, a buyback offer from company near book value is highly likely.
