Shri Nataraj Ceramic & Chemical Industries Limited
Dalmiapuram ,
Distt. Tiruchirapalli ( TN )
Corporate Office :
4 , Scindia House ,
Connaught Place,
New Delhi-110001
Shri Natraj Ceramic & Industries Limited was incorporated 1n 1973 as Dalmia Ceramic Industries Limited to take the existing refractory businesses of Dalmia Cement ( Bharat ) Limited. Name changed to present name in 1984 when a public issue of 3 Lakh shares of Rs. 10 was made.
Shri Nataraj Ceramics & Chemical Industries Limited belongs to Dalmia Cement ( Bharat ) group of Jai Hari Dalmia and Yadu Hari Dalmia . Other prominent companies of the group are Alirox Abrasives Limited ; OCL India Limited , Ankita Pratisthan Limited , Dalmia Cement ( Bharat ) Limited etc.
Shri Nataraj Ceramic & Industries Limited manufactures mainly High Alumina Bricks ( refractories ) used mostly by cement factories. Its manufacturing units are located in :-
Dalmiapuram ( TN )
Wakaner ( Gajarat )
Jam Khambalia ( Gujarat )
It is in the process of adding a further total capacity of 16,000 tonnes to its existing 88,000 tonnes.
As on 31-03-09 ,Share capital Rs. 80 Lakh ( set to increase to Rs. 3.2 crore on Warrant Exercise ) , Reserves Rs. 31 crore, Turnover Rs. 87 crore , Profit after Tax Rs. 6.25 crore , thereby giving an EPS of around Rs 80 ( on Rs. 10 paid share). Dividend payout 50 % .
Results For 2009-10
Share Capital ( on 31-03-10 ) Rs. 80 Lakh
Face Value : Rs. 10
Reserves :Rs.40 cr
Net Profit : Rs.10 cr
Dividend : 60 %
Interesting and noteworthy development is that recently the Company made a debenture issue worth Rs. Rs. 2.4 crore with attached warrants ( 24 lakh shares of Rs.10 each ). As the Company's liquidity was fairly comfortable , with Net Current Assets ( i.e.Current Assets minus Current Liabilities ) worth Rs 28 crore , so the real reason for issuing further capital may not strictly be " raising money for working capital " needs ( as officially stated in the Letter of Offer).
No. of Shareholders : around 5430
Status : Illiquid
Listed : only at Madras Stock Exchange ; Delhi Stock Exchange and Calcutta Stock Exchange
WARRANT CONVERSION ENDS on 27-12- 10
Warrant Conversion is @ Rs. 35 which is very attractive.
Conversion of Warrants Strongly Recommended
http://www.snccil.in/history.php
www.sebi.gov.in/dp/natarajdraft.pdf
Shares of Shri Nataraj Ceramics And Chemical Industries Limited should also be listed on BSE / NSE
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General Warning : Investment in shares can be injurious to your WEALTH.
Caution :The blog writer has personal/ family members' holdings in this company ,so please make suitable "provisions " for likely over optimism .
( All comments / facts given in good faith. Please recheck all points before taking any investment decision. No responsibility with this blog / writer )
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