Vimla Fuels and Metals Unlisted Shares
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Vimla Fuels and Metals Limited
INE0RBP01010
Listing Status: DRHP Not Filed
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About Vimla Fuels and Metals Unlisted Shares
Overview of Vimla Fuels and Metals Unlisted Shares
Vimla Fuels & Metals Pvt. Ltd. (VFML) is a prominent name in the metallurgical coal and coke business, with over 20 years of robust presence on India's East and West Coasts. The group, operating in Bhilai, Durgapur, and Kandla, deals in met coke, coal, steel, and steel wire.
VFML began as a coke breeze trader with a small corpus and a big vision, forming strong ties with major corporate houses.
In 2017, the group expanded by acquiring a distressed met coke plant in Bhachau, Gujarat, transforming Kandla into its manufacturing hub and marking a significant milestone in its growth.
Current Operations:
- Operating 3 large plants on long-term lease.
- Commissioning two new coke oven plants with dry quenching technology.
- Largest met coke producer in the Kutch region.
- Annual production: 500,000 tons of coke.
- Expanding into export markets and adhering to international standards.
Product Portfolio
Metallurgical coke is a carbon-rich substance produced by purifying blends of bituminous coal in high-temperature, oxygen-free ovens. It’s primarily used in blast furnaces for smelting iron ore, serving as both a heat source and a chemical-reducing agent to produce pig iron or hot metal.
Vimla Fuels' Coke Production Highlights:
- Operates 5,00,000 MTPA of non-polluting, non-recovery coke ovens using imported Australian prime coking coal.
- Superior coke quality is achieved through precise coking processes and higher oven temperatures.
- Low pollutant emissions due to complete combustion of coking coals.
- An in-house lab for monitoring and adjusting chemical specifications.
- State-of-the-art infrastructure, including steel ducts, stacks, and large ovens, enhances efficiency and coke quality.
- Diversification into eco-friendly energy, including a power plant utilizing coke oven stack emissions.
- Low Ash Metallurgical Coke (LAMC) is essential for industries requiring high-temperature, uniform heating, such as steel plants, foundries, and chemical production.
Products include:
- Met Coke BF Grade - 2560 MM, 3080 MM & 40100 MM
- Foundry Coke - 80100 MM & Above 100MM
- Small Size Coke - 2030 MM
- Small Size Coke - 0612 MM & 1220 MM
- Nut Coke for Ferro Alloys - 1030 MM
Key Clientele
VFM produces high-grade met coke/lam coke for its domestic & overseas clients including,
- Trafigura Pte Limited - Singapore
- Arcellor Mittal - Italy
- Nippon Steel - Japan
- Noble Resources Pte Limited - Singapore
- CSN- Brazil
- JSW, Vijayanagar
- Monet Ispat (under JSW), Raighardh
- Nirma Limited, Bhavnagar
- PorbanderElectrotherm Steel, Samakhayali
Management
Promoter: Mr. Sanjay Kumar Agrawal
- Over three and a half decades of experience in coal trading
- Entered coke manufacturing in 2017
Directors: Mr. Sachin Kumar Agrawal and Mr. Sandeep Kumar Agrawal
- Over three decades of experience in the business
Insights of Vimla Fuels and Metals Unlisted Shares
Financial Highlights
All values in INR - Cr.
Particulars |
FY 2023 |
FY 2022 |
Revenue |
712.75 |
673.29 |
PAT |
42.57 |
42.33 |
EBITDA |
59.01 |
59.71 |
PAT Margins |
6% |
6.3% |
ROE |
40.6% |
65.9% |
- Historical Performance: The company's scale of operations ranged from Rs. 138 crore to Rs. 183 crore between FY19 and FY21.
- Recent Growth: Significant improvement in FY22 and FY23, with total operating income reaching Rs. 712.75 crore in FY23, up from Rs. 674.16 crore in FY22. This represents a 5.72% growth.
- Current Year Performance: As of 8MFY24, the company reported revenue of Rs. 378.65 crore.
- Order Book: The company has an order book of Rs. 696.85 crore as of January 16, 2024.
Industry Overview:
Met Coal Consumption:
- Increased by over 7% yoy in 2023 to ~76 million tonnes (mnt) from 71 mnt in 2022.
- Projected to rise by nearly 7% to 81 mnt in 2024.
- Driven by a 6% increase in domestic hot metal production to ~85 mnt in 2023, projected to reach 90 mnt in 2024.
Outlook:
- Met coal consumption to increase by 7% yoy in 2024.
- Coking coal and PCI imports are expected to be 7173 mnt in 2024.
- Dependence on imports is likely to persist in the short to mid-term.
- Coking coal prices are expected to decline from current levels in Q1 2024.
- Russian export duties may squeeze margins and curtail exports, worsening seaborne supply tightness.
SWOT Analysis:
Strengths:
- Experience of Promoters: Extensive experience in the coal and coke industry.
- Location Advantage: Proximity to Kandla and Mundra ports (40 km) reduces logistics costs.
- Pan India Reach: Strong distribution network across India.
- Export Capabilities: Infrastructure and expertise in exporting metallurgical coke to the Indian subcontinent and Middle East.
- Client Base: Supplying to various countries in Asia and the Middle East.
Weaknesses:
- Limited Track Record: Moderate order book position with fluctuating income.
- Client and Supplier Concentration: High dependence on top clients and suppliers.
- Volatile Profit Margins: Low and fluctuating profitability due to market conditions.
- Leveraged Capital Structure: High debt levels and large creditors.
- High Working Capital Requirement: Long collection periods and high inventory levels.
- Dependence on Imports: Reliance on imported raw materials with associated risk
Opportunities:
- Market Expansion: Potential for growth in domestic and international markets.
- Technological Advancements: Implementation of advanced coke-making technologies to improve efficiency.
- Diversification: Exploring new product lines and markets to reduce dependency on current operations.
Threats:
- Market Volatility: Fluctuations in coal prices and forex rates.
- Regulatory Risks: Adverse government policies affecting import and export operations.
- Competition: High competition due to low entry barriers.
- Supply Chain Disruptions: Dependence on imported raw materials exposes the company to supply chain disruptions.
Financial Charts of Vimla Fuels and Metals Unlisted Shares
Balance Sheet of Vimla Fuels and Metals Unlisted Shares
Profit and Loss of Vimla Fuels and Metals Unlisted Shares
Ancillary of Vimla Fuels and Metals Unlisted Shares
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Vimla Fuels and Metals Unlisted Shares
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How to buy Vimla Fuels and Metals Limited?
Below are three ways through which you can purchase Vimla Fuels and Metals Limited:
- 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 Vimla Fuels and Metals Limited, please click on the trade button at the top of this page
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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 Vimla Fuels and Metals Limited?
Below are three ways through which you can sell Vimla Fuels and Metals Limited:
- 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 Vimla Fuels and Metals Limited, 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 Vimla Fuels and Metals Limited?
We provide a two way quote on all the shares we deal in. Your buy price for Vimla Fuels and Metals Limited is ₹159 and your sell price for Vimla Fuels and Metals Limited is ₹145. The price is based on our estimates and market conditions.
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What is the lock-in period of Vimla Fuels and Metals Limited?
The lock-in period for Vimla Fuels and Metals Limited 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 Vimla Fuels and Metals Limited
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Vimla Fuels and Metals Limited
- 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 Vimla Fuels and Metals Limited 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 Vimla Fuels and Metals Limited. The price is also determined from the most recent funding round for Vimla Fuels and Metals Limited. 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 Vimla Fuels and Metals Limited?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Vimla Fuels and Metals Limited with us kindly click here.
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What are the financials of Vimla Fuels and Metals Limited?
The financials of Vimla Fuels and Metals Limited which includes the P/L of Vimla Fuels and Metals Limited and the Balance Sheet of Vimla Fuels and Metals Limited is in the financials section (Click on link).
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Where can I find the annual report of Vimla Fuels and Metals Limited?
The annual report of Vimla Fuels and Metals Limited is available in the annual report section (Click on link).
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Is buying Vimla Fuels and Metals Limited 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 Vimla Fuels and Metals Limited?
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 Vimla Fuels and Metals Limited 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 Vimla Fuels and Metals Limited 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. -
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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. -
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