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old /original post
( 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.
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August 15, 2017
Shervani ( Geep ) Super Q1 Results But Profits Grossly Understated
Please study the Q1 ( 2017-18 ) STANDALONE Results as given on Page 4 of
http://www.bseindia.com/xml-data/corpfiling/AttachLive/73ac3afc-bbba-4abe-9fe9-94d01bbc15c3.pdf
Sales are Rs. 20 cr 25 lakh this quarter ( Previous Year Q1 sales were Rs.3 cr 76 lakh.
and there is not much difference in expenses.
But Rs 13 cr 09 lakh from Profits have been allocated to rise in Inventories .
This is a mere accounting jugglery to hide real profits.
Thus the real net profit for the quarter is Rs.2 cr 12 lakh ( as stated ) PLUS Rs.13 cr 09 lakh ( allocated to Inventories )
This gives Q1 EPS of Rs.46/47 p . This is Standalone only and does not include the profits of subsidiary companies.
Important : Please do not take Any Investment Decision based on the above stated analysis. Please only do a further Self Study
.Buy back @ Rs.205 when CMP is Rs.300
There will not be any Delisting ( Please Recheck )
It appears ( Please Recheck ) that despite Super Results there would be no dividend for 2016-17.
http://www.bseindia.com/xml-data/corpfiling/AttachLive/73ac3afc-bbba-4abe-9fe9-94d01bbc15c3.pdf
Sales are Rs. 20 cr 25 lakh this quarter ( Previous Year Q1 sales were Rs.3 cr 76 lakh.
and there is not much difference in expenses.
But Rs 13 cr 09 lakh from Profits have been allocated to rise in Inventories .
This is a mere accounting jugglery to hide real profits.
Thus the real net profit for the quarter is Rs.2 cr 12 lakh ( as stated ) PLUS Rs.13 cr 09 lakh ( allocated to Inventories )
This gives Q1 EPS of Rs.46/47 p . This is Standalone only and does not include the profits of subsidiary companies.
Important : Please do not take Any Investment Decision based on the above stated analysis. Please only do a further Self Study
.Buy back @ Rs.205 when CMP is Rs.300
There will not be any Delisting ( Please Recheck )
It appears ( Please Recheck ) that despite Super Results there would be no dividend for 2016-17.
old /original post
( 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.
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December 05, 2009
Shervani Industrial Syndicate Limited ( GEEP )
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 .
_____________________________________________________________________________
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 cr28 Lakh ( Face Value Rs. 10 0
Reserves : Rs. 210 crore
Book Value Per Share : Around Rs. 658
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
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 .
_____________________________________________________________________________
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 cr28 Lakh ( Face Value Rs. 10 0
Reserves : Rs. 210 crore
Book Value Per Share : Around Rs. 658
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
1 comment:
Geep ( Shervani ) is very good investment at this rate and it can go up to four figures as it is asset laden and with a very small share capital of around Rs. 3 crores. Book Value Rs.600 / share. But it is not a Gillette group company. t sold out its Geep brand to Gillette and converted its huge factory land in Allahabad in to a massive Real Estate project ( Shervani Legacy ). Geep further owns a biscuit factory and owns shares in Group `s Hotel, Sugar and Electronic component manufacturing units
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