Matrix Gas Unlisted Shares
Matrix Gas And Renewables Ltd.
INE0PO201010
Listing Status: DRHP Not Filed
About Matrix Gas Unlisted Shares
Overview of Matrix Gas Unlisted Shares
Matrix Gas and Renewables Limited (formerly known as "Gensol Renewables Private Limited") is a company engaged in the sourcing and marketing of natural gas. The company aims to significantly contribute to India's growing energy demand by ensuring reliable gas supplies from various sources at competitive prices with flexible terms.
History and Evolution:
- Incorporation and Name Changes: The company was originally incorporated on March 6, 2018, as Gensol Renewables Private Limited. It was later renamed Matrix Gas and Renewables Private Limited on February 4, 2022.
- Business Shift: Initially focused on renewable energy projects, particularly in the solar industry, the company altered its main objective in December 2021 to include trading of various fuels, including natural gas, oil, and power. This shift marked its entry into the Gas Aggregation Business.
- Proven Track Record: Successfully handled gas volumes of 100 mmscm (million standard cubic cm), delivering reliable and efficient solutions.
Business Model and Operations:
- Matrix Gas & Renewables Limited is now in the business of sourcing and marketing both natural gas and Re-gasified Liquefied Natural Gas (R-LNG).
- Gas Aggregation: Matrix Gas sources natural gas on medium to long-term bases, offering solutions to Indian downstream customers. It provides flexible supply terms (weekly or fortnightly) and competitive pricing while addressing challenges in gas procurement and transportation.
- Customer Benefits: Matrix Gas ensures competitive gas prices, flexible contract terms, secure gas supply, and ideal contract durations, and manages the complexities of gas transportation and local tax structures.
Key Clientele and Distribution:
- Distribution Networks: Natural gas is distributed through common carrier pipeline networks operated by companies like GAIL India Ltd., Gujarat State Petronet Ltd., GSPL India Gasnet Ltd., Pipeline Infrastructure Ltd.(PIL), and Reliance Gas Pipelines Ltd(RGPL).
- Customer Segments: Matrix Gas’s customers include crude refineries, ceramic manufacturers, fertilizer plants, petrochemical companies, steel manufacturers, city gas grid developers, glass manufacturers, power plants, FMCG companies, and other industrial plants.
- Market Engagement: Matrix Gas is technically qualified and empanelled with most industrial customers and city gas developers for natural gas supply. It also holds a proprietary membership with the Indian
Gas Exchange (IGX) for sourcing natural gas on a short-term basis. It also engages in gas sale and purchase agreements for short-term natural gas procurement.
Renewable Energy Plans:
- Solar Power Projects: Matrix Gas & Renewables Limited partners with customers through Solar Power Generation Projects, conducting thorough analyses of land suitability, solar radiation, grid connectivity, and emerging technologies. It is also focusing on solar power projects as an Independent Power Producer (IPP). It has taken over contracts for the installation of a 5330 kWp Solar PV Power plant, with revenue generation expected to start in FY 2024-25.
- Compressed Bio-Gas (CBG): Matrix Gas & Renewables Limited is venturing into the Compressed Bio-Gas (CBG) sector by setting up plants nationwide. They are identifying optimal locations and sustainable raw materials like Agri-residue, press mud, cow dung, Napier grass, potato peels, and municipal solid waste.
- Advancing in Green Hydrogen: Matrix Gas & Renewables Ltd leads the clean energy transition through Green Hydrogen production. They have developed expertise to execute Engineering Procurement and Commissioning (EPC) and Build Own Operate (BOO) projects. With plans for a 2 GW hydrogen electrolyser capacity manufacturing plant, Matrix aims for cost-effective, high-quality hydrogen production. They manage the entire Green Hydrogen supply chain, including production, storage, transportation, dispensing, and Green Ammonia production.
Key Management and Promoter Group:
Anmol Singh Jaggi: Chairman and Director of Gensol Engineering Ltd.
- Bachelor of Technology in Petroleum Engineering.
- Experience of 16 years in the energy industry.
- He also founded BluSmart, India's leading B2C electric mobility brand.
Chirag Kotecha, CEO and Managing Director.
- Bachelors in Electronics Engineering and an MBA in Finance
- 18 years of experience in the Oil & Gas industry, focusing on LNG and Natural Gas.
- He has held key roles at GSPC, Gujarat Gas, Adani Total, and Indian Gas Solutions.
Promoted by a diversified group, including Gensol Engineering Ltd. and BluSmart Mobility, they have a solid foundation in the renewable energy and electric mobility sectors. Gensol Engineering specializes in solar EPC and O&M services, while BluSmart is India's first and leading EV ride-hailing service and EV charging superhub infrastructure operator.
Insights of Matrix Gas Unlisted Shares
Financial Summary
All Values in INR - Crs.
Particulars |
FY23 |
FY22 |
Revenue |
490.00 |
1.50 |
PAT |
32.01 |
-0.20 |
EPS |
21.33 |
-198.53 |
EBITDA |
45.03 |
0.16 |
PAT Margins |
6.5% |
- |
ROE |
99.7% |
- |
Year-on-Year Increase:
- Revenue: Increased by ₹490.00 Crs. from ₹1.50 Crs., representing a 32,566% increase.
- Profit After Tax (PAT): Increased by ₹32.01 Crs. from ₹-0.20 Crs., reflecting a 16,100% increase.
These significant year-over-year increases in revenue and profit after tax demonstrate robust growth and financial performance for the period.
Industry Overview:
Natural Gas Industry Insights and Trends | India
- In FY 2022-23, India consumed around 63 billion cubic meters (BCM) of natural gas. Domestic production was approximately 34 BCM in FY 2022-23. India imported about 30 BCM of LNG in the same period to meet the demand.
- India has set a target to raise the share of natural gas in the energy mix to 15% by 2030 from about 6.7% now.
- The demand in India is expected to grow at a CAGR of 4-5% over the next decade. By 2030, the demand for natural gas is projected to reach around 100 BCM.
- The government aims to expand the national gas grid to 34,500 km by 2024 from the existing 17,000 km. The City Gas Distribution network is expected to cover 70% of the population by 2030.
Renewable Energy Industry Insights and Trends | India
- The Indian renewable energy market is expected to register a CAGR of more than 10% during the forecast period (2022-2030).
- The Ministry of New and Renewable Energy (MNRE) set a target to achieve 500 GW of installed renewable energy capacity by 2030, which is expected to create a growth opportunity for the market in the future. As of 2021, India had installed 151.39 GW of renewable capacity.
Solar Segment: Increasing investments in the solar energy sector are expected to boost the market's growth during the forecast period. Under the Production Linked Incentive (PLI) scheme, the Indian government gave an extra INR 19,500 crore to help make solar PV modules in February 2022.
Biofuels Segment: India's biofuels market size was valued at US$ 2.56 Bn in 2023 and is expected to reach US$ 10.31 Bn by 2030, growing at a compound annual growth rate (CAGR) of 22% from 2023 to 2030.
Source: Mordor Intelligence | Statista | Economic Times
SWOT Analysis:
Funding Details and IPO Plans:
Matrix Gas was initially planning an SME IPO in July
2023 to raise $10 million.
DRHP Filed On: July 15, 2023
Fresh Issue: 56,00,000 equity shares.
Matrix Gas and Renewables later cancelled IPO Plans and completed a significant pre-IPO round, raising Rs. 350 Crs. to bolster its expansion efforts in the gas business, fund acquisitions, and support capital expenditures.
The fundraising involved notable investors such as Gunavanth Vaid (4GCapital Venture), Sarda Group, Sunil Kumar Singhvi (Singhvi Heritage LLP), Blue Lotus Fund, NAV Capital Emerging Fund, along the Company's promoters.
The equity shares were issued for Rs 400/share. As of March 2024, the MCAP stood at Rs. 1074 crores.
Financial Charts of Matrix Gas Unlisted Shares
Balance Sheet of Matrix Gas Unlisted Shares
Profit and Loss of Matrix Gas Unlisted Shares
Ancillary of Matrix Gas Unlisted Shares
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Matrix Gas Unlisted Shares
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How to buy Matrix Gas And Renewables Ltd.?
Below are three ways through which you can purchase Matrix Gas And Renewables Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy Matrix Gas And Renewables Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell Matrix Gas And Renewables Ltd.?
Below are three ways through which you can sell Matrix Gas And Renewables Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Matrix Gas And Renewables Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of Matrix Gas And Renewables Ltd.?
We provide a two way quote on all the shares we deal in. Your buy price for Matrix Gas And Renewables Ltd. is ₹840 and your sell price for Matrix Gas And Renewables Ltd. is ₹770. The price is based on our estimates and market conditions.
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What is the lock-in period of Matrix Gas And Renewables Ltd.?
The lock-in period for Matrix Gas And Renewables Ltd. varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Matrix Gas And Renewables Ltd.
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Matrix Gas And Renewables Ltd.
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the Matrix Gas And Renewables Ltd. price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Matrix Gas And Renewables Ltd.. The price is also determined from the most recent funding round for Matrix Gas And Renewables Ltd.. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of Matrix Gas And Renewables Ltd.?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Matrix Gas And Renewables Ltd. with us kindly click here.
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What are the financials of Matrix Gas And Renewables Ltd.?
The financials of Matrix Gas And Renewables Ltd. which includes the P/L of Matrix Gas And Renewables Ltd. and the Balance Sheet of Matrix Gas And Renewables Ltd. is in the financials section (Click on link).
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Where can I find the annual report of Matrix Gas And Renewables Ltd.?
The annual report of Matrix Gas And Renewables Ltd. is available in the annual report section (Click on link).
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Is buying Matrix Gas And Renewables Ltd. legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on Matrix Gas And Renewables Ltd.?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on Matrix Gas And Renewables Ltd. and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on Matrix Gas And Renewables Ltd. once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Matrix Gas And Renewables Ltd.?
At Altius Investech, our approach to sourcing Boat Unlisted Share (Imagine Marketing) involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Boat Unlisted Share (Imagine Marketing). This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Matrix Gas And Renewables Ltd. from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
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