Inkel Unlisted Share
Inkel Ltd
INE308U01017
Listing Status: DRHP Not Filed
About Inkel Unlisted Share
Overview of Inkel Unlisted Share
Inkel Ltd is a prominent player in the infrastructure development sector, specializing in the development, investment, and management of various infrastructure projects. The company operates across multiple segments, including real estate, highways, power, and urban infrastructure. Its primary focus is on creating sustainable and technologically advanced infrastructure solutions that drive economic growth and enhance quality of life.
Business segments
1. PMC/EPC (Project Management Consultancy / Engineering, Procurement, and Construction): Focuses on providing project management and execution services for various infrastructure projects.
2. Renewable Energy/Solar: Engages in the development and management of renewable energy projects, particularly in the solar energy sector.
3. Estate/Leasing: Involves real estate development, property management, and leasing activities.
Ongoing Projects
1. Cochin Cancer Research Center (CCRC): Project Overview: The Cochin Cancer Research Center (CCRC) is a prestigious project aimed at providing state-of-the-art cancer care and research facilities in the region. The project involves the construction and development of advanced infrastructure to support comprehensive cancer treatment, research, and education.
2. Government Medical College, Ernakulam SSB (Super Specialty Block): The Super Specialty Block (SSB) at Government Medical College, Ernakulam, is another significant project by Inkel Ltd. The project is part of the government’s initiative to upgrade existing medical facilities by adding specialized departments and advanced medical infrastructure. The project involves constructing a new block with specialized medical departments, including cardiology, neurology, nephrology, and others.
3. Government Medical College Ernakulam – MLT (Medical Laboratory Technology Block): This project focuses on the development of a dedicated Medical Laboratory Technology (MLT) block at Government Medical College, Ernakulam. The block is intended to house state-of-the-art laboratory facilities for various medical tests and research activities.
4. District Hospital Mavelikkara (DH Mavelikkara): The project at District Hospital Mavelikkara involves upgrading the existing healthcare facilities to provide better services to the local population. The development aims to enhance the hospital's infrastructure, ensuring it meets modern healthcare standards.
Recent
Updates:
- INKEL Limited reported a turnover of ₹115.10 crore for the FY 2023-24, marking a 15% increase compared to the previous year. The company's net profit surged by 114% to ₹30.74 crore.
- INKEL is actively pursuing renewable energy projects both within and outside Kerala. The company plans to establish close to 200 MW of renewable energy plants in Maharashtra, Andhra Pradesh, and Rajasthan over the next two years.
- A new subsidiary, INKEL-Re, has been established in Palakkad for a hybrid renewable energy project, which includes a 32 MW project (14 MW from wind and 18 MW from solar).
- Under its core area, INKEL is currently overseeing the construction of 17 government hospital buildings in Kerala, funded by the Kerala Infrastructure Investment Fund Board (KIIFB), with a total project value of ₹2,279 crore.
- NKEL, a public-private partnership initiative endorsed by the Government of Kerala, has announced a tender for module mounting structures required for a 3.5 MW solar power project in Mylatty, located in the Kasaragode district of Kerala.
Management
Details:
1. Chairman: K. M. Abraham – He has held various senior positions in the government and has significant experience in project management and infrastructure development.
2. Managing Director: K. K. Venu – He is responsible for overseeing the company’s operations and strategic direction.
3. Director – Finance: Rajesh R. Pillai – He manages the company’s financial affairs, including accounting, budgeting, and financial planning.
4. Director – Projects: K. R. Shaji – He is responsible for overseeing the execution of various projects and ensuring they meet their objectives.
Subsidaries
Company |
Key Operation |
Revenue |
PAT |
INKEL KSIDC Projects Limited (INKID) |
Land infrastructure development for industrial purposes. Holds two land parcels in Angamaly and Malappuram, developing them with state-of-the-art facilities. |
18.95 |
10.22 |
INKEL EKK Roads Private Limited (INKEL EKK) |
Rehabilitation of State Highways and Major District Roads in Kottayam and Thiruvananthapuram districts. |
28.56 |
3.81 |
INKES Trade Centre Limited (INKES) |
Commercial development of land in Trivandrum for a proposed Trade Centre. |
- |
(0.07) |
INKEL Infrastructure Development Projects Limited (IIDPL) |
Investing arm for infrastructure projects. Was involved in the Calicut Expressway Project. |
0.07 |
0.05 |
INKEL Renewable Energy Private Limited (INKEL RE) |
Focused on renewable energy projects, including wind and solar energy. |
0.05 |
00.45 |
Insights of Inkel Unlisted Share
Financial Highlights
All Values in INR - Crs (Approx.)
Particulars |
FY24 |
FY23 |
Revenue |
97.64 |
82.58 |
EBITDA |
39.68 |
18.06 |
PAT |
30.74 |
14.43 |
PAT Margin |
31.48% |
17.47% |
EPS |
1.52 |
0.77 |
ROE |
14.77% |
6.95% |
Key takeaways
1.The company experienced significant revenue growth, with an increase of approximately 18.2% from FY23 to FY24, rising from ₹82.58 crore to ₹97.64 crore.
2.The EBITDA more than doubled, increasing by 119.7% from ₹18.06 crore in FY23 to ₹39.68 crore in FY24, indicating improved operational efficiency and cost management.
3. The Profit After Tax (PAT) also more than doubled, growing by 113.1% from ₹14.43 crore in FY23 to ₹30.74 crore in FY24. This reflects a strong bottom-line performance.
4.The PAT margin improved substantially, rising from 17.47% in FY23 to 31.48% in FY24. This indicates better profitability and cost control.
Segment-Wise Revenue for Inkel Ltd
1. PMC/EPC (Project Management Consultancy / Engineering, Procurement, and Construction):
- FY 23-24: The PMC/EPC segment generated a revenue of ₹198.8 Crores
- FY 22-23: The revenue for this segment was ₹131.2 Crores
- Year-on-Year Growth: The PMC/EPC segment experienced a notable increase in revenue of ₹67.5 Crores, reflecting a growth of approximately 51.5%. This rise suggests an expansion in project activities or the acquisition of larger contracts.
2. RE/Solar (Renewable Energy/Solar)
- FY 23-24: Revenue from the RE/Solar segment was ₹318.7 Crores.
- FY 22-23: This segment recorded revenue of ₹444.4 Crores.
- Year-on-Year Change: The RE/Solar segment saw a decrease in revenue of ₹125.6 Crores, a decline of about 28.3%. This decrease may indicate reduced project execution or lower sales in the renewable energy sector, potentially due to market conditions or project delays.
3. Estate/Leasing:
- FY 23-24: The Estate/Leasing segment earned revenue of ₹143 Crores.
- FY 22-23: Revenue for this segment was ₹97.3 Crores.
- Year-on-Year Growth: The Estate/Leasing segment showed a significant increase in revenue of ₹45.6 Crores, reflecting a growth of around 46.9%. This increase indicates improved performance in real estate and leasing activities, possibly due to new leases or successful property sales.
Financial Performance
Consolidated Financial Performance Comparison
(2023 vs. 2024):
1. Revenue from Operations:
- 2023: ₹82.58 Crores
- 2024: ₹97.64 Crores
Change: +18.2%
2. Profit:
- 2023: ₹14.43 Crores
- 2024: ₹30.74 Crores
Change: +113.3%
3. Expenses:
- 2023: ₹82.92 Crores
- 2024: ₹75.24 Crores
Change: -9.3%
The company has experienced significant improvements across all key financial metrics. Revenue from operations increased by 18.2%, reflecting robust business growth. Notably, profit has more than doubled, with a remarkable 113.3% increase, indicating enhanced profitability and operational efficiency. Additionally, the company successfully reduced expenses by 9.3%, contributing to overall financial health. These positive changes underscore a highly favorable performance trajectory for the company.
Balance Sheet Highlights
- Total Assets: ₹672.34 Crores, with an increase in fixed assets driven by investments in property and equipment.
- Debt-Equity Ratio: The company reduced its debt-equity ratio to 0.55 from 0.65, reflecting improved financial leverage and reduced dependency on debt.
- Cash Position: Net cash from operating activities was ₹24.14 Crores, reversing the previous year’s negative cash flow
Dupoint Analysis - Return on Equity
Mar-22 |
Mar-23 |
Mar-24 |
|
Net Profit |
7.8 |
14.4 |
31.0 |
Revenue |
92.0 |
82.0 |
98.0 |
Net Profit Margin (A) |
8.50% |
17.61% |
31.63% |
Revenue |
92.0 |
82.0 |
98.0 |
Average Total Asset |
474.8 |
459.9 |
452.5 |
Asset Turnover Ratio (B) |
0.2x |
0.2x |
0.2x |
Average Total Asset |
474.8 |
459.9 |
452.5 |
Average Shareholder Equity |
209.8 |
207.9 |
209.9 |
Equity Multiplier (C) |
2.3x |
2.2x |
2.2x |
Return on Equity (A*B*C) |
3.73% |
6.95% |
14.77% |
|
Peer Comparision
Particulars |
Inkel Ltd |
Zodiac Energy Ltd |
Revenue |
97.64 |
220 |
PAT |
30.74 |
11 |
Net Profit Margin |
31.48% |
5% |
CMP |
25 |
655 |
MCAP |
444.54 |
942 |
P/E Ratio |
16.45 |
75.7 |
P/B Ratio |
1.94 |
20.15 |
SWOT
Analysis
Strenghts:
Strong
Government Backing: Significant shareholding by the Government
of Kerala (22%) provides stability and access to state-sponsored projects.
Diverse Business Segments:
Operates in various sectors including infrastructure, renewable energy, and
leasing, offering revenue stability.
Public-Private Partnership (PPP) Model:
The PPP approach helps in mitigating risks and leveraging both public and
private investments.
Strong Promoter Support: Backed
by influential promoters like Mr. Yusuffali M.A., providing financial and
strategic strength.
Weakness:
High Dependence on Government Projects: A large
portion of revenue depends on government contracts, which could be susceptible
to policy changes or delays.
Limited Geographical Presence: Primary operations are focused on Kerala,
limiting opportunities for growth beyond the region.
Leverage Concerns: Though improving, the debt-equity ratio is relatively
high, indicating reliance on debt for growth.
Opportunites:
Infrastructure Development in Kerala: Increased
government spending on infrastructure presents significant growth potential.
Renewable Energy Expansion: Rising demand for renewable energy projects,
especially solar, offers new revenue streams.
Urbanization and Smart Cities: Opportunities to participate in urban
development and smart city projects in Kerala and potentially in other states.
Diversification: Potential to expand into other states or sectors beyond
current operations.
Threats:
Regulatory
Risks: Changes in government policies or regulations could
impact ongoing and future projects.
Economic Downturn: Economic slowdown could reduce government spending on
infrastructure, directly affecting revenue.
Competitive Pressure: Increasing competition from both local and
national players in the infrastructure and renewable energy sectors.
Project Delays: Delays in project execution could lead to cost overruns
and impact profitability.
Industry Overview
- Industry Sector: Inkel Ltd operates within the infrastructure development and project management sector, a vital industry in India's economy.
- Primary Business Areas: The company is involved in Project Management Consultancy (PMC) and Engineering, Procurement, and Construction (EPC), focusing on large-scale public infrastructure projects.
- Industry Characteristics:
High capital intensity.
Long project cycles.
Significant government involvement. - Growth Potential: The sector is expected to experience substantial growth due to India's ongoing urbanization and increasing infrastructure needs.
Strategic Alignment: Inkel Ltd's operations align with national development priorities, such as the Smart Cities Mission and the Atal Mission for Rejuvenation and Urban Transformation (AMRUT).
Competitive Position: The company’s expertise in managing complex projects positions it well to benefit from the growing demand for infrastructure modernization and development in India.
Financial Charts of Inkel Unlisted Share
Balance Sheet of Inkel Unlisted Share
Profit and Loss of Inkel Unlisted Share
Ancillary of Inkel Unlisted Share
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Inkel Unlisted Share
-
How to buy Inkel Ltd?
Below are three ways through which you can purchase Inkel 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 Inkel 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
-
How to sell Inkel Ltd?
Below are three ways through which you can sell Inkel 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 Inkel 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
-
What is the price of Inkel Ltd?
We provide a two way quote on all the shares we deal in. Your buy price for Inkel Ltd is ₹23 and your sell price for Inkel Ltd is ₹19. The price is based on our estimates and market conditions.
-
What is the lock-in period of Inkel Ltd?
The lock-in period for Inkel 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 Inkel 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 Inkel 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.
-
How is the Inkel 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 Inkel Ltd. The price is also determined from the most recent funding round for Inkel 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.
-
What are the lot sizes of Inkel Ltd?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Inkel Ltd with us kindly click here.
-
What are the financials of Inkel Ltd?
The financials of Inkel Ltd which includes the P/L of Inkel Ltd and the Balance Sheet of Inkel Ltd is in the financials section (Click on link).
-
Where can I find the annual report of Inkel Ltd?
The annual report of Inkel Ltd is available in the annual report section (Click on link).
-
Is buying Inkel 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.
-
Short-term Capital Gain taxes to be paid on Inkel 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.
-
Long-term Capital Gain taxes to be paid on Inkel 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.
-
Applicability of Taxes on Inkel 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 Inkel 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 Inkel Ltd from its platform?
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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.
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