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Tara Chand Logistic Solutions Limited (TLS)

Posted on by Hiren Kamani

Tara Chand Logistic Solutions Limited logo



Tara Chand Logistic Solutions Limited (TLS) formerly known as Tara Chand & Sons, is engaged in serving the infrastructural needs of India since 1980 and has successfully provided comprehensive solutions to many large organization mainly engaged in providing logistic and supply chain services including transportation and warehousing, equipment rental and steel processing and distribution in India.

With over 35 years of experience, Tara Chand Logistic Solutions Limited (TLS) enjoys the distinction of being the industry leader in steel material handling and warehousing. Over the last two decades, the group has diversified into deployment of heavy lifting equipment required for infrastructure and construction projects. Company’s fleet or cranes and trailers has served across various sectors like Power, Windmill, Refinery, Steel and Urban Infrastructure (Roads, Bridges, Highways, Airports, Metros, and Gas Pipelines)

Tara Chand Logistic Solutions Limited (TLS) major clientele includes Reliance industries ltd, Larsen & Toubro ltd (seven Independent Companies), Steel Authority of India ltd, Rashtriya Ispat Nigam ltd, Oil and Natural Gas Corporation ltd, Tata Projects ltd, Hindustan Construction Company ltd, Vedanta ltd, J Kumar Infraprojects ltd, NCC ltd, Welspun Corp, ITD Cementation India ltd, Bharat Heavy Electricals ltd, Gayatri Projects Ltd, Megha Engineering & Infrastructures ltd.
Tara Chand Logistic Solutions Limited (TLS) current fleet of cranes consists of capacities ranging from 15MT to 800MT. The company has added another feather to its cap by acquiring an 800MT Liebherr crane, which will become only the second such crane to be deployed in India once it joins our fleet in April 2017.

Performance Front
Tara Chand Logistic Solutions Limited (TLS) has posted turnover/net profits of Rs. 23.98 cr. / Rs. 0.66 cr. (FY14), Rs. 39.25 cr. / Rs. 0.69 cr. (FY15), Rs. 46.22 cr. / Rs. 1.19 cr. (FY16) and Rs. 52.65 cr. / Rs. 2.63 cr. (FY17).




Issue Detail:

»»  Issue Open: Mar 13, 2018 – Mar 15, 2018
»»  Issue Type: Fixed Price Issue IPO
»»  Issue Size: 3,720,000 Equity Shares of Rs 10 aggregating up to Rs 20.46 Cr
»»  Face Value: Rs 10 Per Equity Share
»»  Issue Price: Rs 55 Per Equity Share
»»  Market Lot: 2000 Shares
»»  Minimum Order Quantity: 2000 Shares
»»  Listing At: NSE SME

»» Investment Amount : 110000 Rs

Recommendation
Investors may consider investment for short to long term.

Sarveshwar Foods Ltd IPO

Posted on by Hiren Kamani

Sarveshwar Foods Ltd



Sarveshwar Foods Ltd Incorporated in 2015, but the business was founded by the late Shri Mulamal Ji in 1890, and his son the late Shri Isher Dass Gupta took it into the second quarter of the last century. The group further expanded under the vision of the current chairman, Shri Suraj Prakash Gupta (Papaji), who gave it a new direction. Currently owned and managed by the fourth generation of the family and supported by a team of able professionals.

With over 100 years of experience in sourcing and processing of traditional Basmati rice Sarveshwar Foods Ltd is engaged in the business of processing and marketing of branded and un-branded basmati and non-basmati rice in the domestic and international markets. They offer procurement, storage, milling, sorting, packaging, branding and distribution of Rice.

Company’s product portfolio comprises of Basmati and non-Basmati rice of various kinds including white raw rice, steam rice, broken rice, brown rice and parboiled rice. Along with
the varied variety of conventional Basmati and non-Basmati rice their product portfolio also includes organic Basmati and non-Basmati rice including range of other organic products. They markets and distributes these organic food products under its brand “Nimbark”.

Company is selling organic products through this store viz. rice, red rice, brown rice, flours, pulses, nuts & dry fruits, spices & condiments, jaggery & sugar, breakfast cereals, edible oils, saffron, flaxseed, sesame seed. Sarveshwar’s operations are based out of the Jammu Region in the State of Jammu and Kashmir.

(Source: sarveshwarrice.com)

On performance front, Sarveshwar Foods Ltd has (on a consolidated basis) posted turnover/net profits of Rs. 241.37 cr. / Rs. 7.40 cr. (FY14), Rs. 262.50 cr. / Rs. 7.97 cr. (FY15), Rs. 355.19 cr. / Rs. 5.43 cr. (FY16) and Rs. 419.89 cr. / Rs. 12.81 cr. (FY17). For first half of current fiscal ended on 30.09.17 it has reported net profit of Rs. 7.93 cr. on a turnover of Rs. 259.39 cr. For last three fiscals, SFL has posted an average EPS of Rs. 7.09 and an average RoNW of 18.94%. Based on last three years’ average EPS asking price is at a P/E of around 12. Issue is priced at a P/BV of 1.98 on the basis of its NAV of Rs. 43.03 as on 30.09.17. If we annualize latest earnings and attribute it on fully diluted post issue equity then asking price is at a P/E of around 13 against its peers trading at 60 (LT Foods), 27 (KRBL) and 19 (Chamanlal Setia) as on 28.02.2018.




Issue Detail:

»»  Issue Open: Mar 5, 2018 – Mar 7, 2018
»»  Issue Type: Book Built Issue IPO
»»  Issue Size: 6,467,200 Equity Shares of Rs 10 aggregating up to Rs 54.97 Cr
»»  Face Value: Rs 10 Per Equity Share
»»  Issue Price: Rs 83 – Rs 85 Per Equity Share
»»  Market Lot: 1600 Shares
»»  Minimum Order Quantity: 1600 Shares
»»  Listing At: NSE SME

One can apply this sme for short to long term.