December 05, 2009

Shervani Industrial Syndicate Limited ( GEEP )

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May 30, 2017



Shervani/ Geep Industrial Super 2016-17 Results

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EPS  Standalone Ra. 45 / 89 p, Consolidated Rs. 48 / 41 p

Book Value / share Rs.600 +

Source / For More

corporates.bseindia.com/xml-data/corpfiling/AttachLive/7d167b1f-b79d-4891-aae6-8167a064af63.pdf

Industry ( Real Estate ) PE ratio is around 30.


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HISTORY

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.

PRESENT STATUS

Registered Office
: Shervani Nagar,
Sulem Sarai,
Allahabad- 211011

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 .



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Shervani Industrial Syndicate ( Geep ) Book Value Jumps to 658 Per Share

In the Annual Report 2011-12 there has been a big jump of

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

http://www.rareindianshares.info/2011/09/shervani-industrial-syndicate-limited.html
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Company Profile


Trading of other consumer goods, the name of the company was again changed to Geep Industrial Syndicate Limited w.e.f. 20th August 1979. Till the year 1998-99, the company was engaged in full-fledged activity of manufacturing and selling of flashlight cases miniature lamps and dry cell batteries. However on the 25th of November 1998 the company entered into a deal with two companies of Gillette India Private Limited namely M/S Wilkinson Sword India Limited (WSIL) and Gillette Diversified Operations Limited (GDOL) whereby it sold GEEP brand. As the company name Geep Industrial Syndicate Limited was identified with the brand GEEP which it sold to WSIL, it became necessary to change its name as per the terms of the agreement with WSIL. Hence, w.e.f 17th March. 1999 the company name was again changed to its present name, Shervani Industrial Syndicate Limited. Now the company has enetered in to real estate business and started its first housing project in the name and style of Sterling Apartment

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.

Group Companies
Subsidiary Company

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
Associate Companies

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



For  Official Website of Shervani Industrial Syndicate

http://www.shervaniind.com/


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

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September 08, 2016


Shervani Industrial Syndicate ( Geep )-Is it on Mega Profits , Now ? Please Recheck


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

http://www.moneycontrol.com/financials/geepindustrialsyndicate/results/quarterly-results/GIS#GIS

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For the financial year 2015-16 ,Shervani Industrial had skipped Dividend.

For 2015-16 Annual Report

http://www.shervaniind.com/AnnualReport%202015-16.pdf
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September 29, 2011


Shervani Industrial Syndicate Limited - Annual Report - Comments

 ( Formerly known as Geep Industrial Syndicate Limited )

Chairman Emeritus

Mr.Azhar Nisar Shervani

Chairman

Dr. Kamal Kumar

Vice Chairman

Mr. Tahir Hasan

Managing Director

Mr. Saleem Iqbal Shervani

Directors

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

Net Profit
Rs. 85 lakh
MAT Credit Entitlement Rs. 61 lakh
Dividend
10 %

Highlights

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.

4 comments:

Unknown said...

Dear Sir, Thanks for the insight. May i know what could be the rational for the following in the co.s books - The total no. of shareholders owning larger chunks of shares i.e >10,000 or 5000 - 10,000 category etc. have gradually reduced from 2008 to 2010 - it seems like shareholder owning larger chunks are selling their shares while retail investor with small odd lots are increasing their exposure. What could be the reason for the same. Thanks in anticipation. I know it is an old post but it is just that I bumped into your website recently - Thanks

Ritesh

Unknown said...

What a commendable work you have done, with simplest of language. I can’t resist myself to leave a comment and trust me it’s hard to impress me.
thanks
Sherwani Manufacturers

Ashwani Kumar Aggarwal said...

Q1 ( 2017-18 ) actual Standalone EPS is around Rs.50 /. Annualised it works out to be Rs.200 /- P/E ratio for such Real Estate Companies like Godrej Properties , Mahindra Life etc is 30. Thus, Shervani ( Geep ) Industrial Syndicate real Market worth is in thousands for one share.

August 16, 2017
Ashwani Kumar Aggarwal said...
Despite an EPS of around Rs.50 for the year 2015-16 no dividend has been declared. The Market rate of shares is being deliberately kept low .

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