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Greenearth Resources and Projects Ltd Stock Analysis

Small Cap
Evaluated by 109 users | BSE: 533016 | NSE: AUSTRAL |
Industrial Gases & Fuels
Greenearth Resources and Projects, earlier known as Austral Coke & Projects was incorporated in 1994, promoted by Shri Ratan Lal Tamakhuwala and Shri Rishi Raj Agarwal. The flagship company of Gremach Infrastructure Equipments and Projects Ltd is engaged in the manufacture and sale of low...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Mar'10Mar'11Dec'11Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 2.29%-57.63%-59.46%-14.76%-65.65%-89.1%-142.78%125.95%-47.4%-143.59%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 27219520.237.620.58.70.40.30.20.1
Y-o-Y Gr. Rt.--28.2%-89.7%86.3%-45.4%-57.8%-95.4%-25%-50%-60%
Adjusted EPS (Rs.) -0.19-10.08-8.39-0.78-2.73-1.22-0.650.44-0.22-0.29
Y-o-Y Gr. Rt.-NANANANANANANA-150%NA
Book Value per Share (Rs.) 14.063.98-2.65-2.37-7.38-8.59-9.26-8.82-9.04-9.33
Adjusted Net Profit -5.6-293-243-22.6-79.3-35.4-18.912.8-6.3-8.4
Net Op. Cash Flow (Rs. Cr.) 45-63.923.7-0.9-6.1-1.40-0.1-0.10
Debt to Cash Flow from Ops 2.51-4.3314.4-232.66-44.8-192.4999,636.14-3,662.67-3,955.15-2,59,862.84
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Greenearth Resources and Projects Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -60.8%-68.9%-46.9%-60%
Adjusted EPS NANANANA
Book Value per Share -195.6000
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Dec'11Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) -1.34-107.87-541.6939.452.8915.267.28-4.882.443.17
Operating Profit Margin (%) 14.97-118.73-531.29-173.02-215.5-32.92-352.85-37.7433.84-6978.91
Net Profit Margin (%) -2.08-150.12-1206.48-60.15-386.54-407.91-4733.194268.16-4222.47-14068.02
Debt to Equity 0.282.39-4.44-3.15-1.27-1.09-1.01-1.06-1.04-1.01
Working Capital Days 6708426,2549191,0791,04823,92333,94267,6811,57,352
Cash Conversion Cycle 733223,7353982408,1379,12518,80148,883
Entity Percentage Holding
Promoters 20.87%
Non-Institutions 79.13%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
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Data is not available for this company.

Data is not available for this company

Greenearth Resources and Projects, earlier known as Austral Coke & Projects was incorporated in 1994, promoted by Shri Ratan Lal Tamakhuwala and Shri Rishi Raj Agarwal. The flagship company of Gremach Infrastructure Equipments and Projects Ltd is engaged in the manufacture and sale of low ash metallurgical coke and refractory in India.Originally incorporated as NRE Stocknet on 22 April 1994, it got its present name on September 14, 2005. In 2010 the company has changed its name from

Greenearth Resources and Projects, earlier known as Austral Coke & Projects was incorporated in 1994, promoted by Shri Ratan Lal Tamakhuwala and Shri Rishi Raj Agarwal. The flagship company of Gremach Infrastructure Equipments and Projects Ltd is engaged in the manufacture and sale of low ash metallurgical coke and refractory in India.Originally incorporated as NRE Stocknet on 22 April 1994, it got its present name on September 14, 2005. In 2010 the company has changed its name from Austral Coke & Projects Ltd. to Greenearth Resources and Projects Ltd.

LAM coke produced by Austral is used as a reducing agent in blast furnaces for reducing iron ore into hot metal in steel, foundries, zinc smelters, cement and ferro alloy industries.

It also deals in trading of textiles and rentals of construction and earthmoving machineries to medium/large construction companies. Currently it has capacity to produce 375,000 MT coke per annum which is planned to increase up to 525,000 MT per annum by FY’09.Current capacity utilization of LAM Coke plant is 65% of 175,000 MTPA which is expected to increase up to 75% of 525,000 MTPA by FY'09.

The company came up with a public issue in 2008 with an objective to to set up a Rs 78.12-crore 1,50,000-tonne per annum LAM coke plant at Sindhudurg in Maharashtra and a Rs 30.77-crore 8-MW captive power plant at Sindhudurg, to acquire coal mines to bag more prospecting mining licenses at a cost of Rs 40 crore, and prepayment of high cost debt amounting to Rs 2.54 crore.

Products  of the company include

  • Coke-Low Ash Metallurgical Coke (MetCoke) - Hard Coke is actually end product, commonly known as Low Ash Metallurgical Coke. It finds useful applications in steel plants, foundries, blast furnaces, soda ash manufacturing, graphite industry & other chemicals. The raw material for making hard coke is Low Ash Coking Coal sourced mainly from Australian, Chinese and USA coal mines.
  • Refactory - Austral Coke & Projects Limited has set-up a Refractory Division at Bhachau, Bhuj District of Gujarat and has started its manufacturing of Refractory products with cutting-edge technology in a phased manner. The company's refractory is a business division of Austral Coke & Projects Limited a group particularly with a varied  customer base.
  • Power Plant - Power sector is one of the sectors where there is always high demand and less supply by considering the domestic scenario, we noticed that the domestic supply is not adequate to meet domestic demand. Captive power plant using waste heat gases is a proven technology and is extensively adopted by players in the steel value chain.

Group companies

  • Gremach Infrastructure Equipments & Projects Limited
  • Armstrong Infrastructure & Projects Limited
  • Austral Infrastructure Private Limited
  • Gremach Infrastructure Private Limited
  • Wallford IndiaInfrastructure Reality (P) Limited
  • Astra Energy Limited SARL (Guinea)

Other developments:

Austral Coke & Projects Board, at its meeting held on December 10, 2008, decided that the plant location be shifted from Sindhudurg to Lunva, Gujarat, since the company's existing plant is already there. The company possesses sufficient land there. The shift was proposed in conformity with the clause ‘Land & Site Development’ of Prospectus wherein it has been specifically mentioned that management may decide for the relocation of project site to comply the regulatory policies or any other issues.

In same year the company through its subsidiary Astra Mining Limitada, Mozambique, acquired six prospective licenses admeasuring 100,000 hectares in Mozambique. This acquisition will provide raw material security to Austral.

In 2007, Gremach Infrastructure bought 75% stake in 11 coal mines in Mozambique to provide feedstock security for Gremach group firm Austral.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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