About the Company:
Century Metal Recycling Ltd is the Largest Recycler in the aluminum recycling industry in India.
Company is focused on processing aluminium based metal scrap to manufacture aluminium alloys and supply them in liquid form and in the form of solid ingots.
They primarily cater to the automotive manufacturing sector in India, specifically in the passenger vehicle, two wheeler and die casting segments.
Company’s products are supplied to OEMs and Tier 1 companies in the automotive manufacturing sector in India.
Company’s Manufacturing Facilities & Installed Capacity:
Company has seven manufacturing facilities, with a combined annual installed capacity of 218,000 MT, as on March 31, 2018, which is the largest in the domestic automotive aluminum recycling industry.
The installed capacities accounted for approximately 16% of the aggregate estimated installed recycling capacities domestically.
Company’s Liquid Aluminium Business:
Century Metal Recycling Ltd were one of the initial suppliers of liquid aluminium and occupied approximately 70% of the market share in liquid aluminium space in Fiscal 2018.
There is an increasing trend of supplying liquid aluminium to the customers owing to several operational advantages to the suppliers as well as the customers.
For instance, in addition to saving inventory handling costs, supply of liquid aluminium eliminates the re-melting process thereby minimising oxidation losses and reducing power and fuel consumption for our customers.
Company’s Major Customers:
Joint Venture Agreements Nikkei (CMRN) and Toyota Tsusho (CMRT):
In order to strengthen the business operations in India, Company has entered into joint venture agreements with two Japanese aluminium alloy manufacturers, Nikkei and Toyota Tsusho to leverage the combination of their technology with their existing know-how and manufacturing capabilities for providing innovative and superior quality products to their customers.
Accordingly, in the year 2012, Company had set up their Subsidiaries, CMRN in Bawal, Haryana, where they presently hold 74% stake, and CMRT in Chennai, Tamil Nadu, where we presently hold 90% stake, in partnership with Nikkei and Toyota Tsusho, respectively.
Company’s Growth in Market share:
Company has, from Fiscal 2013 to 2018, grown at an effective CAGR of 13% on the basis of sales volume, compared to an aggregate recycled aluminium growth of approximately 10% CAGR,
Company currently occupies an estimated market share of approximately 40 – 45% in north India and approximately 15 – 20% in south India.
They have an overall market share of approximately 21% in the automotive segment of recycled aluminium industry in India.
Since Fiscal 2013 until Fiscal 2018, Company’s annual installed capacity has grown by approximately 70%, from 128,000 MT to 218,000 MT, making them the fastest growing producer of aluminium alloys in India.
Management Team:
- Mr. Gauri Shankar Agarwala (Designation: Chairman and Executive Director)
- Mr. Mohan Agarwal (Designation: Managing Director)
- Mr. Akshay Agarwal (Designation: Whole-time Director)
Peer Group Comparison:
There are no Listed entities whose business portfolio is comparable with that of Century Metal Recycling Ltd business and comparable to their scale of operations.
Financials of the Company:
| (in Crores) | FY 14 | FY 15 | FY 16 | FY 17 | 31st Dec 17 |
|---|---|---|---|---|---|
| Revenue | 1482.3 | 2094.2 | 2344.7 | 2422.9 | 1819.7 |
| Net Profit | 3.7 | (-2.7) | 0.3 | 71.1 | 70.5 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | Will be Updated |
| Issue Closes on:. | Will be Updated |
| Issue Price | Will be Updated |
| Face Value | Rs.10 |
| Minimum Lot | Will be Updated |
| Minimum Investment | Will be Updated |
| Issue Constitutes | Will be Updated |
| Issue Size | Will be Updated |
| Market Cap | Will be Updated |
| Listing at | NSE & BSE |
| Equity Shares Offered | Will be Updated |
| Equity Shares Prior to the Issue | 2,49,50,388 |
| Equity Shares after the Issue | Will be Updated |
Also Read: Important Tips For Investing in an IPO.
Important Dates:
| Finalization of Basis of Allotment | Will be Updated |
| Initiation of Refunds | Will be Updated |
| Credit of Equity Shares: | Will be Updated |
| Listing Date: | Will be Updated |
Subscription Details: (Will be Updated)
| (Subscription-Category-Wise (no. of times) Till time : 00:00) | Shares Offered | Day-1 | Day-2 | Day-3 |
|---|---|---|---|---|
| QIB | ||||
| NII | ||||
| Retail | ||||
| Employee | ||||
| TOTAL |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 27.61 | TBA | 21.93% | 156.16 |
Also Read: How to become a Successful Investor?
| Check IPO Allotment Status: |
|---|
Karvy Website (Click on the below Link)http://kosmic.karvy.com:81/ipotrack/ |
| Find the List of Upcoming IPOs in 2019: |
|---|
Upcoming IPOs in 2019 (Click on the below Link)www.UpcomingIPOs-in-India-2019 |
| Company Contact Info: |
|---|
| Century Metal Recycling Ltd W 5/16, Western Avenue Sainik Farm New Delhi 110 062 India Telephone: +91 11 2955 4559, Facsimile: +91 11 2955 1575 Website: www.cmr.co.in |
| IPO Registrar Info: |
|---|
| KARVY COMPUTERSHARE PRIVATE LIMITED Karvy Selenium, Tower B Plot Number 31 and 32 Gachibowli, Financial District Nanakramguda Hyderabad, 500 032, India Tel: +91 40 6716 2222 Email: century.ipo@karvy.com Website: www.karvycomputershare.com |
