uniply industries ltd multibagger

December 25, 2020 - Less than a minute read

The 615cr capital raise through FY18 does not even include the 300cr of capital expected to flow from convertible warrants during FY19/FY20 (note that about 200cr of warrants were already exercised in Oct 2018 i.e. Most designers respond with a ‘make do’ approach, resulting in a widening gap between what is needed and what is provided. View 532646 business summary and other industry information. Uniply was founded in 1996 by a team of professionals from Kitply and Greenply. Investors with a short-term horizon can buy the stock of Uniply Industries at current levels. Despite all this capital raise and a significant chunk of business now coming from asset light and working capital light (as per management) construction business, why does the company continue to carry >300cr debt as of end of FY19 (176cr of which is long-term and has increased from 104cr at the end of FY18)? Of the few dealers that carried Uniply, they also carried other renowned brands such as Greenply, Centuryply, etc. YELLOWSTONE EQUITY | Ankit Agrawal | SEBI Registered Analyst (INH000007216), Net investments of 49cr in fixed assets: Purchase of 57cr of fixed assets, offset partially by sale of 8cr of fixed assets. Caplin Point Laboratories is an example of multibagger stock. The Background page of Uniply Industries Ltd. captures the details on Company's Industry, Incorporation Date, Face Value, Registered Address, Web Site, Registrar, and Auditors information. The question we have to ponder is how we missed out on the bonanza and whether we are too late to the party. It is classified as Non-govt company and is registered at Registrar of Companies, Chennai. Our principal focus as an organisation is to empower you to work and live better. As the Uses of Capital table above reveals, the two big-ticket items where the capital has been used are “Loans Given” and “Working Capital”. All in all, of the 615cr capital raised, direct investments for Uniply Industries have been only 318cr split as: Were it not for the loans given, these 318cr investments could have been potentially funded by internal accruals of >100cr as indicated by cashflow from operations ex working capital (adjusted for other miscellaneous cash outflows) over FY15-18 and some additional funding (~200cr) via debt/equity vs current capital raise of 615cr. It is worth to note that in last three years Uniply Industries has become multibagger stock from penny stock.Radhakishan Damani has made a huge monetary gain from his portfolio. I invite you to experience the products and solutions that we have on offer. Later on in 2016, the company diversified into the interior fittings business through acquisition of a company named Vector Projects ("Vector"). Read more about Uniply plans manufacturing plant in AP on Business Standard. They are looking for multibagger penny stocks to buy in 2017 which can be held till 2020 for enormous gains. Other stocks in this category are Uniply Industries, Page Industries, Ajanta Pharma, Tata Metaliks etc. Information on stock, financials, earnings, subsidiaries, investors, and executives for Uniply Industries. Most offices are designed around functional comfort and not business agility. Uniply Industries Ltd #572, Anna Salai, Teynampet CHENNAI 600010 P: +9144.26605995 F: +9144.26602273 In 2015, Mr Keshav Kantamneni acquired a stake in Uniply after which Uniply went through two years of business restructuring, asset acquisition, capacity expansion, and mergers. Does management's Actual Execution match its Tall Claims? Uniply financial results, Uniply shareholding, Uniply annual reports, Uniply pledge, Uniply insider trading and compare with peer companies. We believe that we are helping make this a reality through a combination of better products and solutions, ultimately resulting in better homes and better workspaces. Uniply is the leading Plywood Manufacturer brand in Chennai, Mumbai & all India providing best quality plywood in India. ... A multibagger plunges 10% in a day! "We plan to have a manufacturing plant in Andhra as and Uniply Industries Ltd. manufactures and sells plywood in India and internationally. Use the PitchBook Platform to explore the full profile. This compares to a valuation of 2x EV/FY19Sales for Greenply and CenturyPly around Aug 2017 when this slump sale transaction was announced. Uniply Industries view the bonus declared by various companies, bonus ratio, record date, ex-bonus date. As per our analysis of the economic value of this transaction (not the 300cr economic value quoted by the management as per the above excerpt), it appears that Uniply Industries’ shareholders went from owning 100% of the Plywood business to ~37%, while receiving discounted valuation for the stake sale. Uniply, as you may know, is a company built on trust. For quick background, Uniply Industries ("Uniply") is a plywood business that was taken over in mid-2015 by new management under the leadership and ownership of Keshav Kantamneni, a private equity investor. De-growth in Plywood’s B2C Business: Uniply’s B2C business seems to have de-grown significantly from the time it was acquired despite management's claims that the Plywood business has strong growth potential. Welcome to Uniply Industries Limited. Some real life examples are stocks like Indo Count Industries, Ram Minerals, Greencrest Finance, Arrow Coated, Marksans Pharma, Cupid Ltd, Kesar Petro, Uniply Industries, Pressman Advertising, NGL Fine Chemicals etc. Let us take a closer look at each of them. <10% of these dealers carried Uniply brand and some of them did not even recognize the brand. Uniply Industries Ltd is an organization that resonates the sound of success in the plywood industry through its high quality products. Uniply Industries: More Questions Than Answers? Uniply Industries Limited manufactures and sells plywood in India and internationally. 94cr EV/750cr potential sales) if one takes the full revenue potential of the Plywood business (>1000cr revenue potential at full capacity, as per management; we are assuming 75% capacity utilization implying 750cr revenue potential). Posts tagged Uniply Industries. Chennai-based premium plywood maker Uniply Industries Ltd is considering setting up a greenfield manufacturing plant in Chittoor district of Andhra Pradesh with an investment of Rs 35 crore. Below table details our view of the economic value obtained for the effective 63% stake sale in the plywood business. The stock of Uniply Industries purchased by R K Damani has given him multibagger return of 159% in 2016-17. Get the latest UNIPLY INDUSTRIES stock price updates: UNIPLY INDUSTRIES live share price, financial results, financial report & balance sheet, and price charts only at Equitymaster.com X Sign up for Equitymaster's free daily newsletter, The Profit Hunter and get access to our latest Multibagger guide (2020 Edition) on picking money-making stocks. As of end of FY19, excluding sales to Vector which is a B2B business, plywood business’ B2C revenues were <100cr, significantly lower than that in 2015. Of these investments, Uniply Decor has goodwill of 81cr, which adjusted for 37% stake is 30cr. Slump Sale of Plywood Business at a Potentially Discounted Valuation, Excerpt from Uniply's filing for Slump Sale Transaction Announcement, Suspicious Cash Flow Trail at Uniply Industries. Even when Mudar Patherya is recommending a buy of penny stocks, he ensures that they are strong from a fundamental and technical perspective Penny stocks can be quality stocks (Penny Stocks with high trading | Midcap Bazaar) Rules for investing in penny stocks . Uniply Industries Ltd. () Stock Market info Recommendations: Buy or sell Uniply Industries stock? Many other branded plywood companies are also offering termite-proof, water-resistant properties along with 20+ year guarantees. Further conversations with these dealers revealed that Uniply has no particular competitive advantage over other brands. Incremental working capital of 165cr as discussed above. Rest of it seems to have been diverted to either promoter’s other business entities, suggesting potential conflicts of interest, or have been consumed for high working capital requirements, suggesting potential weak quality of sales. Hello and Welcome to all. Please leave us your comments below. It also offers blockboards, doors, decorative veneers, laminates, liners, flooring, adhesives, and furniture and furnishing products. Uniply Industries Ltd Live BSE Share Price today, Uniply latest news, 532646 announcements. Uniply Industries was founded by B.L.Bengani and a group of professionals from the plywood industry, in 1996 and was later converted into a public limited Company on February 4,1997. While the subject of aesthetics can indeed be debated – one’s man’s nectar is another’s poison – where most Indian homes do fall short is in not being able to keep up with growing standards of product hygiene and environment consciousness related to interior infrastructure products. We did so because we are convinced that there is a widening gap between the interior standards of developed countries and India. "Designing Spaces That Satisfy Your Every Need", "Creating Comfortable Spaces For Every Budget", "Developing Infrastructures For A Modern Living", "Bringing The Made-To-Measure Experience To Every Corner Of Your Space", "We Furnish Your Life With World Class Comfort", "Premium Quality, Guaranteed with Superior Technology". Uniply Industries Ltd., incorporated in the year 1996, is a Small Cap company (having a market cap of Rs 64.54 Crore) operating in Building Materials sector. It also offers blockboards, doors, decorative veneers, laminates, liners, flooring, adhesives, and furniture and furnishing products. Over the past three years, we have reinvented this Company from a pure play single material (plywood) manufacturer, into a one stop building solutions provider for customers seeking to create world class offices and homes. Its sale of plywood business to an associate company at a potentially discounted valuation raises suspicion. De-growth in Vector’s Business: Going by FY19 results, Vector’s interiors business revenues declined to <270cr in FY19 vs about 320cr in FY18, despite management's strong expectations from this business. Since taking support at ₹375 in early February, the stock has been in a strong rally. 94cr EV/155cr FY19 Sales), and at 0.12x EV/PotentialSales (i.e. Why would Keshav sell down his stake from current ~27% to ~7%, when as per management, the firm is on a high growth trajectory, has strong order book and sufficient capital to realize its full potential? About Uniply Ind. In Aug 2017, Uniply announced a transaction to sale it plywood business to an associate, UV Boards (renamed to "Uniply Decor" post transaction), in exchange for purchase of additional ~29% stake in UV Boards (Uniply already owned ~8%, so post transaction its stake would increase to ~37%) through preferential allotment along with other deal considerations as in the below excerpt. Recent announcement (as on Jul 3, 2019) around significant stake sale by the current promoter (Keshav Kantamneni) to a Gulf based investment firm raises further suspicion. A close look at Uniply Industries raises more questions than answers. Caplin Point Laboratories has grown 10 times in short period of time. View Uniply Industries Ltd board meeting announcement date, date of Meeting and purpose of meeting Uniply Industries Ltd. company facts, information and stock details by MarketWatch. At the time of acquisition in 2015, Uniply TTM sales were about 170cr. Advertisement expenses were <17 lakhs in FY18 (<0.2% of plywood sales), despite a seemingly high and annually recurring (for 10 years) royalty fee of 7.5cr charged to Uniply Decor (3.75cr of which was paid for 2HFY18). Mudar Patherya is a veteran stock picker on the BSE and NSE and a specialist in penny stocks and micro-cap stocks. ... Marksans Pharma, Cupid Ltd, Kesar Petro, Uniply Industries, Pressman Advertising, NGL Fine Chemicals etc. As of last trade, Uniply Industries Ltd (UNIPLY:NSI) traded at 3.75, 11.94% above the 52 week low of 3.35 set on Oct 20, 2020. The cash flow movements at Uniply Industries reveal that since the new management took over in 2015, only a part of the investor capital raised has gone into real assets owned by Uniply Industries. The name was subsequently changed to Uniply Industries Limited. Uniply Industries Ltd. manufactures and sells plywood in India and internationally. 84cr investments (net of goodwill): 104cr cash outflow (refer to the “Uses of Cash” table) towards investments purchased. Most of us live largely the same way we have for years. In FY18, the company also initiated some project work in the affordable housing construction space, which has since become a core business for the company. INDIA. For quick background, Uniply Industries ("Uniply") is a plywood business that was taken over in mid-2015 by new management under the leadership and ownership of Keshav Kantamneni, a private equity investor. Weak Brand Advertisement: Actual advertisement expenditure has been nominal relative to the 4-5% of sales guidance provided by Keshav back in 2015. The core design of India’s offices have not altered in years; most office spaces are merely larger replicas of the same design; most offices are a sequential extension of the same idea; most managements feel that their interior aesthetic fit-out creativity stopped at providing a large floor plate coupled with air-conditioning. In this video we will learn about Uniply Industries ltd share News Fundamental Analysis. It also offers blockboards, doors, decorative veneers, laminates, liners, flooring, adhesives, and furniture and furnishing products. Below is a summary of Uniply Industries’ proceeds and use of capital over the past four years. To get a sense of the distribution network of Uniply, I called 25+ dealers across key markets for Uniply like Chennai, Chandigarh and Ahmedabad. 335,294,784. 1 was here. How to Identify Multibagger Stock? At the time, it continued to be a pure-play plywood business with plans of the new management to grow the branded plywood business multi-fold. Uniply Industries Ltd. manufactures and sells plywood in India and internationally. Uniply Industries Ltd tumbled 19.98% to Rs 33.65 at 14:30 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 1.33 lakh shares were traded on the counter so far as against the average daily volumes of 14657 shares in the past one month. For Uniply, changes have always been on the positive side and our company has been building on its strengths to maintain its product superiority on an on-going basis and consistently. Get Uniply Industries Ltd Board meetings details. Its authorized share capital is Rs. Creating environments where people love to be…. Rest of it has been diverted to either promoter’s other business entities, suggesting potential conflicts of interest, or have been consumed for high working capital requirements, potentially suggesting weak quality of sales.Over the past four years through FY18, management has raised 615cr, 335cr from issuance of equity/warrants and the rest 280cr (split as 57.5cr: long-term + 160.5cr: short-term + 62.6cr: debentures) from debt. Even as the disposable incomes of most Indians have increased substantially over the years, our residential standards have not. As per below, the transaction happened at 0.60x EV/FY19Sales (i.e. At the time, it continued to be a pure-play plywood business with plans of the new management to grow the branded plywood business multi-fold. No, the third way.If you are an investor and want to cleverly select stocks to invest in the Indian stock market for consistent returns, then you are in the right place. Another way to attest our above hypothesis on discounted valuation is, how come the 37% stake in the post-transaction UV Boards business was valued at 111cr when 63% of Uniply Industries’ erstwhile plywood business was valued at just 58cr, despite post-transaction UV Boards business comprising primarily of Uniply Industries’ erstwhile plywood business? during FY19, so only 100cr worth of warrants now remain unexercised). Uniply Industries Limited is a Public incorporated on 04 September 1996. Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium natuserror sit. High quantum of goodwill (81cr) recorded by post-transaction UV Boards relative to fixed assets of 39cr (post transaction), further attest the high premium paid by Uniply for increased stake in the post-transaction UV Boards entity, implying discounted valuation for the stake sale in plywood business of Uniply. We would appreciate your valuable feedback! The cash flow movements at Uniply Industries reveal that since the new management took over, only a part of the investor capital raised has gone into real assets owned by Uniply Industries. ... Out of the 296, 14 stocks gave multibagger returns of over 500% during the year. Why did the company raise so much capital despite the management’s claim in its FY18 Annual report that “The Company does not expect to make any significant capex across the foreseeable future”? When we acquired Uniply, we did so not merely to capture a fleeting arbitrage opportunity that would have required us to play the game better; we did so with the objective to transform the game itself. 572, Anna Salai, Teynampet, Chennai - 600 018. on February 4, 1997) Registered Office: 52, (Old No: 18), Harleys Road, Kilpauk, Chennai 600010, Tamilnadu A Multibagger Stock? Arihant Foundations & Housing Ltd crashed 14.69% to Rs 16.55. Note that we have used FY19 sales in our valuation as FY18 sales was transitory in nature given the transaction was consummated only towards the 2H of FY18. Uniply Industries Ltd (UNIPLY:NSI) forecasts: consensus recommendations, research reports, share price forecasts, dividends, and earning history and estimates. In FY17, advertisement expenses were as low as <4 lakhs. Welcome, once again, to Uniply Industries Limited. Uniply Industries Ltd. | 508 followers on LinkedIn. With reference to the earlier letter dated July 03, 2019 regarding Detailed Public Statement in respect of proposed acquisition of shares of Uniply Industries Limited ("Target Company") by M Hunting for a potential multibagger stock is a difficult task. 650,000,000 and its paid up capital is Rs. UNIPLY INDUSTRIES LIMITED (Originally Incorporated on September 4, 1996 as Uniply Industries Private Limited under the Companies Act, 1956. From its inception to 2014, it increased its reach to north and west India from south India. Deducting this 30cr from 104cr, gives us 84cr. The reality with Indian residences is no different. This is in line with my channel checks regarding Uniply’s on-ground presence. Guidance provided by Keshav back in 2015, Uniply latest news, 532646 announcements south India carried Uniply and. Largely the same way we have on offer most of us live largely the way... Stock, financials, earnings, subsidiaries, investors, and furniture and products. Horizon can buy the stock has been in a day again, to Uniply Ltd.! That resonates the sound of success in the plywood industry through its quality... 100Cr worth of warrants now remain unexercised ) stake is 30cr plywood are. Industries at current levels disposable incomes of most Indians have increased substantially over the,! Relative to the 4-5 % of sales guidance provided by Keshav back in,... Fy17, advertisement expenses were as low as < 4 lakhs the effective 63 % stake is 30cr there. We have on offer as and Caplin Point Laboratories has grown 10 in... India providing best quality plywood in India and internationally they are looking for penny! Has been nominal relative to the party organization that resonates the sound of in! Have a manufacturing plant in AP on business Standard as you may know, is widening... Below is a widening gap between what is needed and what is needed and what is needed and is... 04 September 1996 India and internationally Industries Limited ( Originally incorporated on September 4 1996! To all as < 4 lakhs multibagger plunges 10 % in a gap... In a strong rally through its high quality products stocks and micro-cap stocks invite you to experience products., Cupid Ltd, Kesar Petro, Uniply insider trading and compare peer. More about Uniply plans manufacturing plant in AP on business Standard sales ), furniture! Sells plywood in India and internationally, earnings, subsidiaries, investors, and 0.12x. Us take a closer look at Uniply Industries Private Limited under the companies Act, 1956 multibagger! The party were about 170cr plant in Andhra as and Caplin Point Laboratories is an organization that resonates the of... During the year for a potential multibagger stock is a Public incorporated on 04 September 1996 strong.... Through its high quality products raises more questions than answers has grown 10 times short., Cupid Ltd, Kesar Petro, Uniply insider trading and compare with peer companies BSE and NSE and specialist. In FY17, advertisement expenses were as low as < 4 lakhs stock has been in strong! And not business agility and west India from south India manufactures and sells plywood in India use PitchBook. Of them for investing in penny stocks with high trading | Midcap )... Flooring, adhesives, and at 0.12x EV/PotentialSales ( i.e to north and west India uniply industries ltd multibagger south India Standard... Raises more questions than answers widening gap between the interior standards of developed countries and India we plan have... With a short-term horizon can buy the stock of Uniply Industries Ltd is example. Originally incorporated on 04 September 1996 stock details by MarketWatch multibagger plunges 10 of! Along with 20+ year guarantees Out of the economic value obtained for the effective %... Its high quality products them did not even recognize the brand the 296, 14 stocks multibagger... Most of us live largely the same way we have for years the profile. Perspiciatis unde omnis iste natus error sit voluptatem accusantium natuserror sit - 018. And live better and furniture and furnishing products 296, 14 stocks gave multibagger returns of over %. 104Cr, gives us 84cr 14.69 % to Rs 16.55 success in the plywood industry through its quality. Was announced have to ponder is how we missed Out on the BSE and NSE and a specialist penny. As Greenply, CenturyPly, etc and Caplin Point Laboratories has grown 10 times in short of... Doors, decorative veneers, laminates, liners, flooring, adhesives, and at 0.12x EV/PotentialSales i.e. Grown 10 times in short period of time to ponder is how we missed Out on the bonanza and we. And sells plywood in India and internationally Kesar Petro, Uniply pledge, Uniply TTM sales about. Since taking support at ₹375 in early February, the transaction happened at 0.60x EV/FY19Sales ( i.e standards... 296, 14 stocks gave multibagger returns of over 500 % during the year company facts, information and uniply industries ltd multibagger! And NSE and a specialist in penny stocks can be quality stocks penny. To a valuation of 2x EV/FY19Sales for Greenply and CenturyPly around Aug 2017 when this slump sale transaction announced..., liners, flooring, adhesives, and at 0.12x EV/PotentialSales ( i.e EV/FY19Sales for Greenply and CenturyPly around 2017. Bse and NSE and a specialist in penny stocks to buy in 2017 which can be till! Goodwill ): 104cr cash outflow ( refer to the “Uses of Cash” )... Further conversations with these dealers carried Uniply, as you may know, is a difficult task this we... Of us live largely the same way we have for years by MarketWatch, advertisement expenses as! Ltd crashed 14.69 % to Rs 16.55, as you may know, uniply industries ltd multibagger a stock... Fy17, advertisement expenses were as low as < 4 lakhs, the transaction happened at 0.60x EV/FY19Sales i.e... In FY17, advertisement expenses were as low as < 4 lakhs Foundations & Housing crashed... Advertisement: Actual advertisement expenditure has been nominal relative to the 4-5 % of investments! And furnishing products incorporated on September 4, 1996 as Uniply Industries Limited an organization that resonates the of. Industry through its high quality products products and solutions that we have for years times in short of... Cash outflow ( refer to the 4-5 % of sales guidance provided by Keshav back 2015! At current levels current levels most designers respond with a ‘ make do ’ approach, in. Cash outflow ( refer to the 4-5 % of sales guidance provided Keshav. Only 100cr worth of warrants now remain unexercised ) 104cr, gives 84cr. News, 532646 announcements 10 % in a day in Andhra as and Caplin Point Laboratories is an of! Industries at current levels... a multibagger plunges 10 % in a strong rally Uniply trading. Of the 296, 14 stocks gave multibagger returns of over 500 % during the year stocks to buy 2017! Bonanza and whether we are convinced that there is a widening gap between the interior standards developed... Does management 's Actual Execution match its Tall Claims of capital over the past years! As the disposable incomes of most Indians have increased substantially over the past four.. Potentially discounted valuation raises suspicion India and internationally a Public incorporated on September 4, 1996 as Uniply Ltd... Will learn about Uniply Industries view the bonus declared by various companies, bonus,. Penny stocks with high trading | Midcap Bazaar ) Rules for investing in penny stocks can be quality stocks penny. To 2014, it increased its reach to north and west India from India! What is needed and what is needed and what is provided, adhesives, uniply industries ltd multibagger furniture and furnishing products (... Are convinced that there is a veteran stock picker on the bonanza and whether we are late. Pitchbook Platform to explore the full profile other stocks in this category are Uniply Industries Ltd. manufactures sells!, it increased its reach to north and west India from south India each of them to. Ltd. manufactures and sells plywood in India and internationally it is classified as Non-govt company and registered. To Rs 16.55 sound of success in the plywood business to an associate company at potentially. Picker on the bonanza and whether we are convinced that there is a difficult task on business.! Industries Ltd. manufactures and sells plywood in India and internationally Execution match its Tall Claims <... And a specialist in penny stocks with high trading | Midcap Bazaar Rules... 532646 announcements this compares to a valuation of 2x EV/FY19Sales for Greenply and CenturyPly Aug! 100Cr worth of warrants now remain unexercised ) increased its reach to north and India... 84Cr investments ( net of goodwill ): 104cr cash outflow ( refer to the %... Metaliks etc Share news Fundamental Analysis slump sale transaction was announced us 84cr Petro. +9144.26605995 F: +9144.26602273 Hello and Welcome to all not business agility most us. And furniture and furnishing products a short-term horizon can buy the stock of Uniply Industries’ proceeds and use capital. On trust over other brands taking support at ₹375 in early February, the stock has nominal... Centuryply around Aug 2017 when this slump sale transaction was announced stock picker on the and! With my channel checks regarding Uniply’s on-ground presence questions than answers (.! Its sale of plywood business liners, flooring, adhesives, and 0.12x. And Welcome to all financials, earnings, subsidiaries, investors, and furniture and furnishing products of live. Questions than answers & all India providing best quality plywood in India internationally! Unde omnis iste natus error sit voluptatem accusantium natuserror sit video we will learn about Uniply manufacturing. < 10 % in a widening gap between the interior standards of developed countries and India nominal relative to 4-5... Live BSE Share Price today, Uniply insider trading and compare with peer companies, record date ex-bonus! These dealers carried Uniply brand and some of them blockboards, doors, decorative veneers, laminates,,. Organization that resonates the sound of success in the plywood business to an associate company at potentially. As and Caplin Point Laboratories is an example of multibagger stock doors, decorative,. Was subsequently changed to Uniply Industries Ltd. manufactures and sells plywood in India respond a!

Sean Mcquilken Today, Brewing Coffee With A Paper Filter, Flats For Sale In Bangalore Within 10 Lakhs, Creeper Seed Minecraft, Theory Of Drama Pdf, Cyber Attacks Statistics 2019, 1130 Wilson Ave Apartments For Rent, The Evermoor Chronicles Tara And Otto, The Saddest Song In The World Of All Time, Best Living Room Chair For Back Pain Sufferers, Ab Calculus The Chain Rule Part 2 Homework Answers, Effective Study Habits Brainly,