DOCSLIB.ORG

Investor Presentation – May 2021 Safe Harbour

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Investor Presentation – May 2021 Safe Harbour Surya Roshni Limited .......Seeking Opportunities by Value-Creation Investor Presentation – May 2021 Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Surya Roshni Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. This presentation contains certain forward looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, our ability to manage our international operations, government policies and actions regulations, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forward looking statements become materially incorrect in future or update any forward looking statements made from time to time by or on behalf of the Company. 2 Index 01 Quarterly Financial Updates 02 Company Highlights . 03 Lighting & Consumer Durables 04 Steel Pipes & Strips 05 Financial Highlights The Company's Promoter & Executive Chairman, Shri Jai Prakash Agarwal, was conferred with Padma Shri Award for his distinguished services in the field of Trade and Industry by the Government of India 3 Quarterly Financial Updates 4 Q4 Results Highlights of the Company In Rs Crs Revenue: +29% - Q4 (YoY) Cash Profit: +60% - Q4 (YoY) PAT: +96% - Q4 (YoY) FY20 1,722 101 106 59 FY21 1,578 56 1,374 84 42 887 24 2 1,398 1,339 1,323 54 56 68 66 19 22 31 30 1,412 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 PAT grew by 96% YoY in Q4FY21 EBITDA grew by 33% in Q4 FY21 to Rs 121 crore from Rs 91 crore in Q4 FY20 Reduction in finance cost by 37% in Q4FY21 Rating upgradation to A1+ of Short-Term Bank Facilities and Commercial Paper with Reaffirmation of Long-Term Bank Facilities to A+ Further reduction of debt by Rs. 90 crores in Q4 and overall Rs. 374 crores in FY21 Debt to Equity improved to 0.52x as compared to 0.88x as on December 2020 Substantial improvement in margins due to change in industry dynamics of both the businesses Working Capital Involvement : Inventory - 46 days in Q4FY21 as compared to 63 in Q4FY20, Debtors - 40 days in Q4FY21 as compared to 47 in Q4FY20 and Net Working Capital - 59 days in Q4FY21 as compared to 91 in Q4FY20 5 Q4 Results Highlights - Lighting & Consumer Durables In Rs Crs Revenue: +17% - Q4 (YoY) EBITDA: +62% - Q4 (YoY) PBT: +175% - Q4 (YoY) Margin 31 31 369 8.7% 6.7% 7.9% 10.9% 8.3% 11.4% FY20 356 8.1% 10.5% 329 40 40 23 FY21 35 186 13 12 1 9 11 11 307 317 303 320 28 25 25 25 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Cash Profit grew by 102% in Q4 FY21 to Rs 39 crore from Rs 19 crore in Q4 FY20 EBITDA grew by 62% in Q4FY21 to Rs 40 Crores compared to Rs 25 Crores in Q4FY20 11% growth registered in LED Lightings and 40% in Consumer Durables Fittings due to structural shift Replacement cost of LED Lighting has been reduced to single digit percent Lower sales to EESL (Rs 16 crore in FY21 against Rs 98 crore in FY20) successfully converted to direct consumer sales Proactive price hikes to counter the increased raw material cost and sustain profitability by product mix, value engineering, R&D and cost cutting Projects completed during Q4: Façade lighting of Bhuteshwar Temple, BKC Connector Bridge & Ahmedabad Railway Station Working Capital Involvement : Inventory - 66 days in Q4FY21 as compared to 98 in Q4FY20, Debtors - 70 days in Q4FY21 as compared to 94 in Q4FY20 and Net Working Capital - 67 days in Q4FY21 as compared to 138 in Q4FY20 6 Q4 Highlights - Steel Pipes and Strips In Rs Crs Revenue: +31% - Q4 (YoY) EBITDA: +22% - Q4 (YoY) PBT: +65% - Q4 (YoY) EBITDA / MT 43 47 FY20 1,366 2,8562,463 3,242 3,311 3,4333,726 3,490 4,251 1,212 81 FY21 1,048 77 34 67 702 32 2 1,093 1,084 1,041 1,017 57 60 73 66 17 21 31 28 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Cash Profit grew by 42% in Q4 FY21 to Rs 67 crore from Rs 47 crore in Q4 FY20 EBITDA/MT for Q4FY21 increased to Rs 4,251 as against Rs 3,490 in Q4FY20 3rd Galvanized plant started from March 2021 at Hindupur The expansion of the 3 LPE coating plant at Anjar is complete as we have started the commercial production from 31st March 21 Healthy orders of 3LPE API coated pipes in hand The expansion of the 72,000 MTPA of Section Pipes (upto 300 X 300 mm) with Direct Forming Technology (DFT) at Gwalior unit is ongoing as per schedule Working Capital Involvement : Inventory - 41 days in Q4FY21 as compared to 52 in Q4FY20, Debtors - 32 days in Q4FY21 as compared to 34 in Q4FY20 and Net Working Capital - 56 days in Q4FY21 as compared to 76 days in Q4FY20 7 Improvement in RoCE Lighting & Consumer Steel Pipes and Strips Durables Company 15.2% 14.5% 17.8% 26.3% 17.1% 24.6% 12.2% 11.6% 13.8% 17.8% 11.0% 9.7% Q4 FY20 Q2 FY21 Q3 FY21 Q4 FY21 Q4 FY20 Q2 FY21 Q3 FY21 Q4 FY21 Q4 FY20 Q2 FY21 Q3 FY21 Q4 FY21 8 Reduction in Overall Net Working Capital Inventory Days Debtors Days Net Working Days 47 63 91 43 42 40 75 49 48 46 65 59 Q4 FY20 Q2 FY21 Q3 FY21 Q4 FY21 Q4 FY20 Q2 FY21 Q3 FY21 Q4 FY21 Q4 FY20 Q2 FY21 Q3 FY21 Q4 FY21 9 About Surya Roshni 10 A Strong Foundation 1973 #1 Rs 5,561 crores 45+ Years of Brand Equity GI Pipes manufacturer Sales as on Established Steel Pipe March 31, 2021 manufacturing unit at Bahadurgarh #1 #2 ERW Pipes exporter Lighting company (50+ countries) in India 21,000+/250+ 2,50,000+/2,500 Credit Rating Countrywide dealers and Countrywide retailers and Long Term “A+” distributors for steel tubes dealers for Lighting Short Term “A1+” (top notch) and strips CP “A1+” (top notch) 11 Professional Management Team Mr. Jai Prakash Agarwal Promoter and Executive Chairman Mr. Agarwal is the driving force behind creating Surya as one of the most reputed, trusted and successful companies. He has been honored with highly prestigious Padma Shri Award by Govt. of India. Mr. Raju Bista Managing Director Mr. Bista is a young and dynamic leader. His discipline, dedication, visionary power and relentless efforts have helped the company in achieving new heights. He is immediate past President of ELCOMA. Mr. R.N. Maloo Executive Director - Corporate Affairs & Group CFO Mr. Maloo is a qualified CA with over 3 decades of experience in corporate affairs, finance, commercial and taxation. He has held CFO positions in multiple renowned companies and was also in CA in Practice as Partner in renowned CA Firm M/s Kalani & Co, Jaipur Mr. Tarun Baldua ED & CEO - Steel Pipe & Strips Mr. Baldua is a qualified CA with over 3 decades of experience in Commercial , operational and administrative roles across several Businesses. He is also the Vice President of Indian Pipe Manufacturers Association (IPMA). Mr. Nirupam Sahay ED & CEO - Lighting & Consumer Durables Mr. Sahay is an MBA from NMIMS Mumbai and AMP from Wharton, with an illustrious career spanning over 27 years. He has served as Global Business leader, Consumer Lamps in Philips Lighting, and before that as President and CEO, Philips Lighting Indian Subcontinent. He is also ex-President of ELCOMA. 12 Strong Core Values Customer Satisfaction 01 02 Surya Parivar Customers – The Guiding Principle-centric, close-knit family, Stars for Future Endeavors trust, mutual respect and team spirit and Improvement CORE VALUES Integrity Social Responsibility Moral Principles, undivided spirit. Eco-Friendly products, reflects in personal lives, financial optimized resources to transactions and business deals 04 03 conserve the environment Profitable growth Professionalism Promotional Performance Payback on Product Productivity and Activities Evaluation Capex Development Perfection 13 Transformation Journey of last 5 Years Greater Degree of Professionalism Sound Financials with Substantial Debt Reduction • Inducted Professional CEOs and CFO • Net Debt/Equity Ratio at 0.52 times • Diversified the Board of Directors • Substantial reduction of finance cost (3.25% to 1.25% of Turnover) • Increased employee participation by • PAT growth by 3 times introduction of ESOPs to key executives • Top Notch Credit Rating (A1+) Lighting and Consumer Durables Steel Pipes and Strips Shift from Conventional to Modern Lighting Strategic CAPEX leading to higher RoCE • Established R&D center
Load more

Recommended publications
  • Surya Roshni Limited Investors Presentation June 2019
    Surya Roshni Limited Investors Presentation June 2019 0 Contents 1 2 3 4 Company Steel Pipes Lighting & Consumer Financial Overview & Strips Durables Highlights 5 6 7 Growth Board of Directors and Client & Drivers KMP’s Customers 1 Surya Roshni – Four Decade Strong Foundation Q4 FY 2018-19 Established in 1973, SURYA 50 + Rs 17,045 million, 20% YoY ↑ Exports across Net Revenue spearheaded the technological countries globally revolution and evolved as one of the fully integrated Steel Pipes & Strips 100 % Rs 440 million, 19% YoY ↑ and Lighting & Consumer Durables Backward PAT integrated conglomerate Strong brand and wide spread 5 years + distribution network Association with over 50% of lighting FY 2018-19 distributors # 1 in India for manufacturing of ERW GI Pipes 2,500 + Rs 59,750 million, 21% YoY ↑ Distributors Net Revenue Largest exporter of ERW Pipes Rs 1,208 million, 12% YoY ↑ # 2 in India for Lighting products 2,50,000 Retail/Dealer outlets PAT Strong Rural Base EBITDA: Earnings before Interest Taxes Depreciation and Amortization PAT: Profit After Taxes 2 Strong Core Values Driving Profitable Growth Surya Parivar Principle-centric, Close-knit Family, Profitable Trust, Mutual Respect And Team Spirit growth Professionalism Integrity Moral Principles, Undivided Spirit. Product Reflects in Personal Lives, Financial Development Core Transactions and Business Deals. Productivity and Values Perfection Social Responsibility Eco-Friendly Products, Performance Optimized Resources to Conserve Evaluation the Environment. Promotions Customer Satisfaction
    [Show full text]
  • Surya Roshni Limited Annual Report 2002-2003
    SERVICES - Annual Reports Library Services - www.sansco.net SURYA ROSHNI LIMITED ANNUAL REPORT 2002-2003 SURYA t« 5* ,*» ' '•tJMkMB»» www.reportjunction.com SANSCO SERVICES - Annual Reports Library Services - www.sansco.net Audited Financial Results (Rs. in Crores) Year March Ending 1998-99 1999-2000 2000-01 2001-02 2002-03 Turnover 718.51 776.33 824.80 806.57 864.61 Profit Before Interest, Depreciation & Tax 79.87 96.17 96.72 85.10 75.02 Profit Before Depreciation & Tax 40.98 49.18 51.02 46.15 39.29 Profit Before Tax 14.43 15.69 16.00 13.90 12.11 Profit After Tax 12.93 13.84 14.61 11.18 9.76 Dividend (%) 12.00 15.00 10.00 10.00 10.00 Net Worth Share Capital 28.40 28.40 28.40 27.40 26.40 Reserves 109.37 120.92 132.22 90.61 93.54 Total 137.77 149.32 160.62 118.01 119.94 Gross Fixed Assets 455.93 473.03 495.56 500.17 512.14 A view of the factory setup in an area of 52 acres with an enormous annual production capacity of about one million tons. www.reportjunction.com SANSCO SERVICES - Annual Reports Library Services - www.sansco.net SURYA ROSHNI LIMITED BOARD OF DIRECTORS B.D.Agarwal Chairman and Managing Director K. K. Narula M. G. Bakre IDBI Nominee P. C. Gupta S. N. Arya Rajendra Arya Certified to be true copy Urmil Agarwal J. P. Agarwal Vice-Chairman and For SURYA ROSHNI LTD. Joint Managing Director (B.B, SINGAL) MANAGEMENT EXECUTIVES Company Scoetarr Corporate S.
    [Show full text]
  • Surya Roshni Limited Investors Presentation February 2020
    Surya Roshni Limited Investors Presentation February 2020 Updated 9MFY20 Results 0 Contents 1 2 3 4 Company Steel Pipes Lighting & Consumer Financial Overview & Strips Durables Highlights 5 6 7 Growth Board of Directors and Client & Drivers KMP’s Customers 1 Surya Roshni – Four Decade Strong Foundation FY 2018-19 Established in 1973, SURYA 50 + Exports across Rs 59,750 million, 21% YoY ↑ spearheaded the technological countries globally revolution and evolved as one of the Net Revenue fully integrated Steel Pipes & Strips 100 % Rs 3,761 million, 8% YoY ↑ and Lighting & Consumer Durables Backward integrated conglomerate EBITDA Strong brand and wide spread 5 years + Association with distribution network over 50% of lighting distributors 9M FY 2019-20 # 1 in India for manufacturing of ERW GI Pipes 2,500 + Rs 41,324 million Distributors Net Revenue Largest exporter of ERW Pipes # 2 in India for Lighting products 2,50,000 Rs 2,665 million Retail/Dealer outlets Strong Rural Base EBITDA 2 Strong Core Values Driving Profitable Growth Surya Parivar Principle-centric, Close-knit Family, Profitable Trust, Mutual Respect And Team Spirit growth Professionalism Integrity Moral Principles, Undivided Spirit. Product Reflects in Personal Lives, Financial Development Core Transactions and Business Deals. Productivity and Values Perfection Social Responsibility Eco-Friendly Products, Performance Optimized Resources to Conserve Evaluation the Environment. Promotional Activities Customer Satisfaction Customers - Guiding Stars Payback on Capex Future Endeavours
    [Show full text]
  • Notice for Equity Shareholders
    NOTICE - EQUITY SHAREHOLDERS SURYA ROSHNI LIMITED Registered Office : Prakash Nagar, Sankhol, Bahadurgarh, Haryana – 124507, India Tel. no. : +91-1276-241540 CIN : L31501HR1973PLC007543 Website : www.surya.co.in E-mail : [email protected] MEETING OF THE EQUITY SHAREHOLDERS OF SURYA ROSHNI LIMITED (Convened pursuant to Order dated 31st May, 2017 passed by the Hon'ble National Company Law Tribunal,Bench at Chandigarh) MEETING Day : Saturday Date : 22nd July, 2017 Time : 2.30 P.M. Venue : Prakash Nagar, Sankhol, Bahadurgarh, Rohtak Road, Jhajjar, Haryana – 124507 1 SURYA ROSHNI LIMITED CIN: L31501HR1973PLC007543 Regd. Office : Prakash Nagar, Sankhol, Bahadurgarh, Haryana. – 124 507, India Tel No : +91-1276-241540 ; Fax :+91-1276-241886 email : [email protected] Website : www.surya.co.in INDEX NOTICE OF THE NATIONAL COMPANY LAW TRIBUNAL CONVENED MEETING OF THE EQUITY SHAREHOLDERS OF THE COMPANY POSTAL BALLOT AND E-VOTING Start Date: At 9.00 AM on Thursday 22nd June, 2017 Last Date : At 5.00 P.M on Friday 21st July, 2017 Sr. No. Contents Page No. 1. Notice of the Tribunal convened meeting of the Equity Shareholders of Surya Roshni Limited under the provisions of Sections 230 to 232 of the Companies Act, 2013 read with 3 Rule 6 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 2. Explanatory Statement under Sections 102 read with Sections 230(3), 232(1) and (2) and of the Companies Act, 2013 read with Rule 6 of the Companies (Compromises, 14 Arrangements and Amalgamations) Rules, 2016 3. Annexure 1 Scheme of Arrangement for Amalgamation between Surya Global Steel Tubes Limited 59 (Transferor Company) with Surya Roshni Limited (Transferee Company) under section 230- 232 of the Companies Act, 2013.
    [Show full text]
  • Surya Roshni Limited
    SURYA ROSHNI LIMITED An 1snso 9001, An 1snso 14001 & IS: 18001 Company CIN • LJ1501HR1973PLC007543 2nd Floor, Padma Tower-1, Rajendra Place, New Delhi-11 0 008 Ph.- +91-11-25810093-96, 47108000 Fax : +91-11-25789560 E-mail : [email protected] Website : www.surya.co.in SRL/21-22/57 August 21, 2021 The Secretary The Manager (Listing Department) The Stock Exchange, Mumbai The National stock Exchange of India Ltd New Trading Ring, 14th Floor, Exchange Plaza, 5th floor Rotunda Building, P.J.Towers, Plot No. C/1, G Block Dalal Street, Fort, Sandra Kurla Complex, Bandra (E) MUMBAI - 400 001 Mumbai - 400 051 Scrip Code: 500336 NSE Symbol: SURY AROSN I Dear Sirs, Report and Accounts for the financial year ended 3l81 March, 2021 We enclose, in terms of Regulation 30 and 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a copy of the Report and Accounts of the Company for the financial year ended 31 st March, 2021 together with the Notice dated 25th May, 2021 convening the 48th Annual General Meeting (AGM) of the Company on 16th September, 2021. The aforesaid Report and Accounts and AGM Notice are also uploaded on the Company' s website www.surya.co.in Kindly take the same in your records. Assuring our best services always. Thanking you, Yours faithfully, for Surya Roshni Limited BB Singal Sr. V.P & COMPANY SEC Encl.: as above. SURYA ROSHNI LIMITED SURYA ROSHNI LIMITED Regd. Office: Prakash Nagar, Sankhol, Bahadurgarh – 124507 (Haryana) Corporate Identity Number (CIN) – L31501HR1973PLC007543 Phone: +91-1276- 241540 Fax No.
    [Show full text]
  • Surya Roshni Limited
    ~l'fRq,~ - Bur11u of Indian Standtt'ds SURYA ROSHNI LIMITED An·® IS/ISO 9001, An IS/ISO 14001 & IS: 18001 Company CIN • L31501HR1973PLC007543 2nd Floor, Padma Tower-1, Rajendra Place, New Delhi- 11 o 008 Ph.: +91-11-25810093-96, 47108000 Fax: +91-11 -25789560 E-mail : [email protected] Website : www.surya.co.in SRL/se/18-19/34 October 01, 2018 The Secretary The Manager The Stock Exchange, Mumbai Listing Department New Trading Ring, 14th Floor, The National stock Exchange of India Ltd Rotunda Building, P.J.Towers, Exchange Plaza, 5th floor, Plot No. C/1 Dalal Street, Fort, G Block, Bandra Kurla Complex MUMBAI - 400 001 Bandra (E), Mumbai - 400 051 Scrip Code : 500336 NSE Symbol : SURYAROSNI SUBJECT: ANNUAL REPORT 2017-2018 Dear Sir, In compliance to Regulation 34(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the soft copy of the Annual Report 2017-2018 as approved and adopted by the shareholders of the company in its 45th Annual General Meeting held on 28th September, 2018 at Registered office of the company. Kindly acknowledge the receipt. Thanking you, Enclosed.: as above. I ~ Regd. Office: Prakash Nagar, Sankhol, Bahadurgarh, Haryana - 124507; Ph.: 01276-241540-41 Future Perfect! SURYA ROSHNI LIMITED Annual Report 2017-18 You will come across… Corporate Overview Strong foundation for a sustainable future 02 | Diversified product offering 04 | Pan-India presence 10 | Milestones of success 11 | Financial performance snapshot 12 | Chairman’s message 14 | From the Managing Director’s desk
    [Show full text]
  • GOVERNMENT of INDIA MINISTRY of CORPORATE AFFAIRS Office of the Registrar of Companies
    GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS Office of the Registrar of Companies Corporate Identity Number: SECTION 13(5) OF THE COMPANIES ACT, 2013 Certificate of Registration of Regional Director order for Change of State Registrar of Companies Mailing Address as per record available in Registrar of Companies office: 2 (B) OBJECTS INCIDENTAL OR ANCILLARY TO THE ATTAINMENT OF THE MAIN OBJECTS : 1. To enter into agreement, contract for, undertake or otherwise arrange for receiving, mailing or forwarding any circulars, notices, reports, brouchers, materials, articles and things belonging to any company, corporation, firm, institutions or person or persons by means of delivery by and or otherwise. 2. For the purpose of investment, to acquire by purchase, lease, exchange, rent or otherwise and deal in lands, buildings and here ditaments of any tenure or description and any estate or interest therein and any rights over or connected with lands so situated and to term the same to account as may be deemed expedient and in particular by laying out, developing or assisting in developing and preparing land by decorating, furnishing and maintaining offices, flats, service flats, houses, hotels, restaurants, guest houses, bungalows, chawls, factories, warehouses, shops, cinemas, buildings, works and conveniences and by consolidating or connecting or sub-dividing properties, leasing, letting or renting, selling outright or by installments, on ownership, hire purchase basis or otherwise and / or disposing of the same on any other terms and Conditions. 3. To negotiate loans, underwriting contracts, mortgages, equity participation, cash credits, overdrafts and other financial facilities from banks, financial institutions, Government or Semi Government bodies and others, or on behalf of companies, firms, societies, associations and others.
    [Show full text]
  • Surya Roshni Limited
    _,, SURYA ROSHNI LIMITED . An IS/ISO__ 9001, An IS/ISO 1'001 & IS 18001 Company CIN ·L31501 HR1973PLC007543 2nd Floor, Padma Tower-1, RaJendra Place, New Delhi-110 008 Ph.: +91-11-25810093-96, 47108000 Fax: +91-11-25789560 E-mail : [email protected] Website : www.surya.co.in SRL/se/19-20/23 August 5, 2019 The Secretary The Manager (Listing Department) The Stock Exchange, Mumbai The National stock Exchange of India Ltd New Trading Ring, I 4th Floor, Exchange Plaza, 5th-floor Rotunda Building, P.J.Towers, Plot No. C/1, G Block Dalal Street, Fort, Bandra Kurla Complex, Bandra (E) MUMBAI - 400 001 Mumbai - 400 051 Scrip Code: 500336 NSE Symbol: SURY AROSNI SUBJECT: ANNUAL REPORT 2018-19 ALONGWITH 46th ANNUAL GENERAL MEETING NOTICE Dear Sir, In compliance to Regulation 34( 1 )(a) read with Regulation 30 read with Para A (12) of PartA of Schedule III ofSEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015, please find attached the soft copy of the Annual Report 2018-2019 along with the 46th Annual General Meeting (AGM) Notice to be held on 4th September, 2019 at Registered office of the company. Copy of the same is also being uploaded on the website of the Company at, http://www.surya.co.in Kindly take the same in your records. Thanking you, Enclosed: as above. ACTIVE PRESENT. SURYA ROSHNI LIMITED ANNUAL REPORT 2018-19 Corporate Overview Statutory Reports Active Present. Future Positive 02 Management Discussion and Analysis 33 Surya Roshni Limited: 04 Board’s Report 49 A Future-Ready Organisation Corporate Governance Report 84 Our
    [Show full text]
  • SURYA ROSHNI LIMITED & IS: 18001 Company CIN - L31501HR1973PLC007543 2Nd Floor, Padma Tower-1 Rajendra Place, New Oelhi-110 008 Ph
    - An IS/ISO 9001, An IS/ISO 14001 SURYA ROSHNI LIMITED & IS: 18001 Company CIN - L31501HR1973PLC007543 2nd Floor, Padma Tower-1 RaJendra Place, New Oelhi-110 008 Ph. +91-11-25810093-96, 47108000 Fax: +91-11-25789560 E-mail . [email protected] Website : www.surya.co.in SRL/se/19-20/38 November 16, 2019 The Secretary The Manager (Listing Department) The Stock Exchange, Mumbai The National stock Exchange of India Ltd New Trading Ring, 14th Floor, Exchange Plaza, 5th floor Rotunda Building, P .J. Towers, Plot No. C/1, G Block Dalal Street, Fort, Bandra Kurla Complex, Bandra (E) MUMBAI - 400 001 Mumbai - 400 051 Scrip Code: 500336 NSE Symbol: SURY AROSNI Re : INVESTOR PRESENTATION Dear Sir, In terms of Regulation 30 read with Para A of Schedule III and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed copy of the "Investor presentation - November, 2019". Copy of the same is also being uploaded on the website of the Company at, http://www.surya.co.in Kindly take the same in your records. Thanking you, Yours faithfu lly For Surya Rosh~~E~W; ~ BB SINGAL Sr. V.P & COMP Enclosed: as above. Surya Roshni Limited Investors Presentation November 2019 Updated H1FY20 Results 0 Contents 1 2 3 4 Company Steel Pipes Lighting & Consumer Financial Overview & Strips Durables Highlights 5 6 7 Growth Board of Directors and Client & Drivers KMP’s Customers 1 Surya Roshni – Four Decade Strong Foundation FY 2018-19 Established in 1973, SURYA 50 + Exports across Rs 59,750 million, 21% YoY
    [Show full text]
  • Surya Roshni Limited: Rating Reaffirmed; Rated Amount Enhanced
    January 07, 2020 Surya Roshni Limited: Rating reaffirmed; Rated amount enhanced Summary of rating action Instrument* Previous Rated Amount Current Rated Amount Rating Action (Rs. crore) (Rs. crore) Commercial Paper 100.00 100.00 [ICRA]A1+(CE); Reaffirmed Commercial Paper -- 100.00 [ICRA]A1+(CE); Assigned Total 100.00 200.00 *Instrument details are provided in Annexure-1 Rating Without Explicit Credit [ICRA]A2+ Enhancement Note: The (CE) suffix mentioned alongside the rating symbol indicates that the rated instrument/facility is backed by some form of explicit credit enhancement. This rating is specific to the rated instrument/facility, its terms and its structure and does not represent ICRA’s opinion on the general credit quality of the entity concerned. The last row in the table above also captures ICRA’s opinion on the rating without factoring in the explicit credit enhancement Rationale The rating assigned to the Rs. 200-crore CP programmes of Surya Roshni Limited (SRL) is based on stand-by letters of credit (SBLCs) provided by various banks (from among the company’s consortium lenders) having a short-term rating of [ICRA]A1+ or equivalent, to support the repayment obligations on the said CP programmes. At present, the said SBLCs are issued by the State Bank of India (SBI; rated [ICRA]A1+), HDFC Bank and Union Bank of India (UBI rated [ICRA]A1+). The rating factors in the payment mechanism designed to ensure payment on the rated CPs as per the terms of the transaction. Instruments with [ICRA]A1 rating are considered to have a very strong degree of safety regarding timely payment of financial obligations.
    [Show full text]
  • Surya Roshni Limited
    Surya Roshni Limited Instrument Amount Rating Action (Rs.Crore) Commercial Paper Programme 25.00 [ICRA]A1+(SO) reaffirmed Total 25.00 Source: ICRA ICRA has reaffirmed the [ICRA]A1+(SO) (pronounced ICRA A one plus, Structured Obligation) rating for two commercial paper (CP) programmes of Surya Roshni Limited (SRL) aggregating Rs. 25 crore1. The ratings are based on two separate fresh stand-by letters to the extent of Rs. 10 crore and Rs. 15 crore each from State Bank of India to support the repayment obligation on the said CP programme. The stand-by letter for Rs. 10 crore extends the validity of an existing stand-by letter from State Bank of India by three months from 01-Nov- 2016 to 31-Jan-2017. Similarly, the stand-by letter for Rs. 15 crore extends the validity of an existing stand-by letter from State Bank of India by three months from 07-Oct-2016 to 07-Jan-2017. Instruments with [ICRA]A1 rating are considered to have a very strong degree of safety regarding timely payment of financial obligations. Such instruments carry the lowest credit risk. Within this category, certain instruments are assigned the rating of [ICRA]A1+ to reflect their relatively stronger credit quality. The letters SO in parenthesis suffixed to the rating symbol stand for Structured Obligation. An SO rating is specific to the rated issue, its terms and its structure. SO ratings do not represent ICRA’s opinion on the general credit quality of the issuers concerned. The ratings for the aforementioned CP programmes are based on the following executed documentation: .
    [Show full text]
  • Surya Roshni
    Initiating coverage | Cons. Durable April 29, 2015 Surya Roshni BUY CMP `109 Initiating Coverage – A Brighter Future Target Price `149 Surya Roshni Ltd is a 38 year old conglomerate with its core business comprising Investment Period 12 Months of lighting and steel tube products. The Lighting business has superior profitability than the latter and the company is among the largest players in the lighting Stock Info industry with a market share in excess of 25%. The company has a pan India presence spanning a network of ~2 lakh retailers. Although the Steel business is Sector Cons. Durable expected to grow at a muted pace, the division will perform well owing to Market Cap (` cr) 480 increased spend on Infra projects and with government initiatives like building Beta 1.5 smart cities across India. 52 Week High / Low 81/143 Structural shift in the Lighting industry presents new growth opportunity: The Avg. Daily Volume 96,896 Lighting business is primed for a good performance owing to the structural shift in Face Value (`) 10.00 the industry towards LED (Light Emitting Diodes) lights. Citing cost efficient nature BSE Sensex 27,226 of LEDs, Electric Lamp and Components Manufacturers Association (ELCOMA) projects the share of LEDs in the Lighting industry to increase substantially. Major Nifty 8,230 initiatives like changing all street lights and lights in public spaces to LED lights, by Reuters Code SURR.BO the government, are expected to fuel growth of LEDs. As a result, the lighting Bloomberg Code SYR@IN industry is expected to grow at a CAGR of 22.8% over FY2014-17E to `25,000cr and reach the `37,000cr mark by FY2021E.
    [Show full text]