May 30, 2017
Shervani/ Geep Industrial Super 2016-17 Results
EPS Standalone Ra. 45 / 89 p, Consolidated Rs. 48 / 41 p
Industry ( Real Estate ) PE ratio is around 30.
Established in 1948 , at Allahabad , by the deeply patriotic and enterprising Shervani family , GEEP ( Great Eastern Electro Plating ) sought to contribute to independent India's self reliance in electroplating industry. Electroplating technology was used by it for manufacturing torches ( famous Geep brand ).In due course it began to produce batteries. In the post globalization scenario , Geep sold out its traditional torch / battery business to Multinational- Gillette.
: Shervani Nagar,
Chairman Emeritus :Azhar Nisar Shervani
Chairman : Dr. Kamal Kumar
Vice Chairman :Tahir Hasan
Managing Director : Saleem Iqbal Shervani
Whole Time Director : Raju Verghese
Directors : Saeed Mustafa Shervani ; Salma Hasan ; Kush Bhargava & Gopal Swaroop Chaturvedi
Share Capital Rs.Three Crore & Twenty Eight Lakh
Reserves Rs.54 crore
( Thus the Book Value is around Rs. 165/- per Rs. 10 paid up share.)
After closing down its battery / torches manufacturing facility at Allahabad , Shervani Industrial Syndicate Ltd. is , currently , in the process of selling machinery . It proposes to develop its very substantial and highly valuable land for REAL ESTATE projects.
To the best of our knowledge ( which please recheck ) the extent of land bank of Shervani Industrial Syndicate Limited in the posh Suleman Serai area of Allahabad is between 30 to 35 acres.
Shervani Industrial Syndicate is cash rich . Its sticky investment in Shervani Sugar Syndicate Ltd. have been provided for. There may be some gains by way of recovery of amounts earlier provided for in the Books of Account here as sugar prospects had improved substantially .
Tara Snacks And Foods Ltd. ( now renamed Farco Foods Limited) , a loss making entity ,is its subsidiary.
Another associate Company Shervani Hospitalities Ltd ( of which Shervani Industrial holds shares ) which has hotels in Nainital, New Delhi etc ( Nehru Place Hotel opening shortly )should be doing well as Hotel prospects have improved greatly.
For the financial year ended 31-03-09, Shervani Industrial Syndicate posted a net loss of around Rs.3 crore.( To maintain its track record of uninterrupted dividend payout , 5% was paid out of reserves )
In the current year , the Company seems to be doing reasonably well:-
Net Profit Q1 (ended June 2009) : Rs 150 lakh
Net Profit Q2 ( ended Sept 2009 ) Rs.14 lakh
Annual Report 2010
Net Profit ( Financial Year 2009-2010 ) Rs. 3 cr 79 lakh
Dividend : 8 %
REAL ESTATE PROJECT
" The Company has entered in to a builder agreement for development of property in to residential flats in the name of " STERLING APARTM
ENTS " in a very posh locality in Allahabad . Booking of the flats has commenced " - Directors' Report ( 2010 )
Shervani Industrial has declared a dividend of 10 % for the year ended 31 March 2011 .
No. of Shareholders : Around 1450
Listed at : BSE , Delhi Stock Exchange and UP Stock Exchange - Kanpur
Daily quotation is available at BSE( between Rs 24 and Rs.27 -More of Jobbing Activity ) Share is only moderately liquid .
Shervani Industrial Syndicate ( Geep ) Book Value Jumps to 658 Per Share
Rs.155 crore ( as Current Asset - i.e.Land as Stock in Trade ) as the company is now in the business of real estate and may have revalued the book value of its land at current valuations
As on 31-03-12
Share Capital - Rs.3 cr 28 Lakh ( Face Value Rs. 10 )
Reserves : Rs. 210 crore
Book Value Per Share : Around Rs. 658
The company was promoted by Late Mr. M. R. Shervani, an eminent personality who ventured into different businesses in the consumer goods market and set up other ongoing projects viz. Sugar Mill and Hospitality business. The present Managing Director Mr. Saleem Iqbal Shervani took over in the year 1981. Mr. Saleem Shervani aged about 58 years is a B.A. (Hons) Gold Medallist in Economics from Aligarh Muslim University. He had held portfolios of the State Minister of Health and Family Welfare (Independent charge) and the State Minister of External Affairs. He was member of various parliamentary committees including the Consultative Committee of Ministry of Finance and Ministry of External Affairs and Central Advisory Committee on Science and Technology. In the year 1990, he was honored with Indira Gandhi Unity Award for outstanding services, achievements and contribution to the society. He was also a member of the Indian delegation to the UNO several times.
Farco Foods Private Limited: Farco Foods is wholly owned subsidiary of the company and situated at Jagdispur in District Chatrapati Shahuji Maharaj Nagar (Amethi). It is a biscuit manufacturing unit. Presently the unit is working under Job Work agreement with Surya Foods & Agro Limited and producing the Biscuits under their brand name Priyagold. Approx 350 MT biscuits are produced every month
1. Shervani Sugar Syndicate Limited: It is an associate company producing white crystal sugar. The unit is situated at District Kanshiram Nagar in central U.P. with crushing capacity of 3000 TCD.
2. Shervani Hospitalities Limited: It is an associate company engaged in the hospitality business. The company is running its hotel at Sunder Nagar, Nehru Place in New Delhi and one hotel in Nainital in the name of Shervani Fortview, Shervani Nehru Place and Shervani Hill Topp Inn respectively. Apart from these hotels company is also running a restaurant at Connaught Place in New Delhi in the name of Rodeo
General Warning : Investment in Shares Can be Injurious to Your Wealth
All facts stated in good faith. Please recheck all points before taking any investment decision ( No responsibility with the writer or blog )
CAUTION : The writer has in his / family members' names holding in this Company. So make adequate " provisions " for any over optimism
September 08, 2016
Shervani Industrial Syndicate , it seems , in the current 2016-17 -has finally started monetising its real estate project , Shervani Legacy , Allahabad,
For the Q1 ( 2 months ending June 2016 , Shervani Industrial has EPS of Rs. 7 / 96 p
For the financial year 2015-16 ,Shervani Industrial had skipped Dividend.
For 2015-16 Annual Report
September 29, 2011
Shervani Industrial Syndicate Limited - Annual Report - Comments
Mr.Azhar Nisar Shervani
Dr. Kamal Kumar
Mr. Tahir Hasan
Mr. Saleem Iqbal Shervani
Mr. Saeed Mustafa Shervani
Mr. Kush Bhargava
Mr. Gopal Swarup Chaturvesi
Mr. Raju Verghese
For the Financial Year Ended 31-03-11
Turnover : 8 cr. 58 lakh
Rs. 85 lakh
MAT Credit Entitlement Rs. 61 lakh
First Real Estate project : Sterling Apartments successfully launched . Response Overwhelming . Company looking for land at prime location in Allahabad for its next project .
Subsidiary Company : Farco Foods Private Limited entered in to a job work agreement with Surya Foods And Agro Limited for five years for making Priyagold biscuits. Production restarted from April 2011.