Castex Technologies (Delisted) share price

BSE: 532282Auto Components

Castex Technologies Limited · Formerly Amtek India · Face value ₹2 · Listed Mar 2001

Last traded ₹0.80 on 20 Jul 2021

Delisted on 7 Dec 2021.

Last announcements

The company's own last announcements before its shares stopped trading, routine notices left out.

Dec 2021
- 2 Dec · Voluntary Delisting
  Voluntary DelistingDear Sir/Madam, In continuation to our Corporate Announcement dated October 30, 2021 & November 30, 2021 in which we have informed you about the Delisting of Equity Shares of the company in accordance with resolution plan approved by Hon ble bench of NCLT Chandigarh bench dated December 15, 2020 under Section 31 of the Insolvency and Bankruptcy Code, 2016. The Approved Plan inter alia provides for delisting of the equity shares of the Company from BSE Limited and National Stock Exchange of India Limited.Further, please find enclosed herewith the newspaper cuttings pertaining to Publication of Public Announcement related to post delisting of equity shares in accordance with resolution plan approved by the Chandigarh bench of National Company Law Tribunal ("NCLT") vide its order delivered on December 15, 2020 published in the newspapers namely "Financial Express" and "Jansatta" on December 02, 2021. The same is also available on Company's website at www.amtek.com/ail.phpThis is for your information and records.Thanking You,Yours faithfully,
- 2 Dec · Announcement under Regulation 30 (LODR)-Public Announcement-Delisting
  Dear Sir/Madam, In continuation to our Corporate Announcement dated October 30, 2021 & November 30, 2021 in which we have informed you about the Delisting of Equity Shares of ....
Nov 2021
- 30 Nov · Voluntary Delisting
  Members of the Exchange are hereby informed that the trading in the equity shares of Castex Technologies Limited shall be suspended w.e.f December 07, 2021 (i.e. w.e.f. closing hours of trading on December 06, 2021) on account of Delisting of equity shares of the company pursuant to resolution Plan approved by NCLT under Insolvency and Bankruptcy Code, 2016.
- 30 Nov · Voluntary Delisting
  Voluntary DelistingDear Sir/Madam,With reference to our Corporate Announcement dated October 30, 2021 in which we have informed you about the Delisting of Equity Shares of the company in accordance with resolution plan approved by Hon ble bench of NCLT Chandigarh bench dated December 15, 2020.This is to inform you that pursuant to attached Notice No. 20211130-7 dated November 30, 2021 issued by BSE Limited (BSE), and attached Circular Ref. No: 1365 / 2021 dated November 30, 2021 issued by National Stock Exchange of India Limited (NSE) read with letter No. NSE/ENF/DELIST/APPL/2021-22/303 dated November 30, 2021 received by the Company from NSE, the equity shares of the Company i.e. Castex Technologies Limited (BSE Scrip Code: 532282, NSE Scrip Code: CASTEXTECH; ISIN: INE068D01021) shall be delisted with effect from Tuesday, December 07, 2021.The same is also available on Company's website at www.amtek.com/ail.phpThis is for your information and records.Thanking You,Yours faithfully,For Castex Technologies Limited
- 30 Nov · Corporate Action-Intimation of Delisting
  Dear Sir/Madam, With reference to our Corporate Announcement dated October 30, 2021 in which we have informed you about the Delisting of Equity Shares of the company in accordance ....
- 30 Nov · Announcement under Regulation 30 (LODR)-Public Announcement-Delisting
  Dear Sir/Madam, With reference to our Corporate Announcement dated October 30, 2021 in which we have informed you about the Delisting of Equity Shares of the company in accordance ....

Q1 results, quarter to Jun 2021

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

Revenue: ₹87 Cr+438.2% on a year ago · −15.4% on the quarter before
Operating profit: −₹3.70 Cr
Net profit: −₹123 Cr
Earnings per share: −₹3.26
Operating margin: −4.3%
Net margin: −141.7%

From revenue to net profit, ₹ crore

Revenue87
Materials and goods−48
Employee costs−12
Other expenses−31
Operating profit−3.7
Depreciation−117
Other income0.0
Finance costs−2.4
Profit before tax−123
Tax0.0
Net profit−123

Castex Technologies results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Jun 2021. Results for the quarter to Sep 2021 were due by 14 Nov 2021, 45 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

Revenue
Net profit
Loss

Peak revenue ₹135 Cr, quarter to Sep 2018; lowest ₹16 Cr, quarter to Jun 2020A loss in 12 of the 12 quarters shown

Operating and net margin by quarter, per cent

Operating margin
Net margin

₹ crore	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018Q1	Sep 2018	Dec 2018Q3	Mar 2019	Jun 2019Q1	Sep 2019	Dec 2019Q3	Mar 2020	Jun 2020Q1	Sep 2020	Dec 2020Q3	Mar 2021	Jun 2021Q1
Revenue from operations	404	349	278	155	151	126	94	115	135	108	99	83	75	70	69	16	79	92	103	87
	–	–	236	144	158	140	113	119	137	111	107	89	77	71	73	25	80	95	146	91
Materials and goods bought	271	229	171	93	96	83	50	59	68	54	51	42	35	30	33	8	37	47	53	48
Employee costs	–	–	18	15	14	18	17	16	18	16	14	13	11	13	11	6	11	12	13	12
Other expenses	–	–	47	37	48	39	47	44	51	40	43	34	30	28	29	10	32	36	80	31
Operating profit before depreciation	–	–	42	11	−8	−14	−19	−4	−2	−3	−9	−6	−2	−1	−4	−8	−1	−3	−44	−4
Operating margin	–	–	15.0%	6.8%	−5.0%	−11.3%	−20.5%	−3.1%	−1.5%	−2.5%	−9.0%	−7.2%	−3.0%	−1.6%	−5.2%	−52.0%	−1.5%	−3.4%	−42.3%	−4.3%
Depreciation and amortisation	–	–	130	127	129	90	129	127	127	124	119	123	124	124	122	122	123	123	120	117
Other income	0	0	1	6	5	0	0	3	0	0	1	0	0	0	0	0	12	4	−12	0
Finance costs	198	208	204	218	218	223	−17	7	2	2	2	1	2	2	2	1	2	5	3	2
Profit before one-off items and tax	−276	−281	−292	−328	−350	−327	−131	−135	−130	−129	−129	−130	−128	−126	−128	−132	−114	−127	−178	−123
One-off items	−400	–	–	−212	−173	−66	0	0	−211	−9	−6	0	0	0	0	0	0	1	1	0
Profit before tax	−677	−281	−292	−540	−523	−393	−131	−135	−341	−138	−135	−130	−128	−126	−128	−132	−114	−126	−177	−123
Tax	−145	−148	−90	−97	−200	0	517	0	0	0	0	0	0	0	0	0	0	0	0	0
Net profit	−531	−133	−202	−443	−322	−393	−648	−135	−341	−138	−135	−130	−128	−126	−128	−132	−114	−126	−177	−123
Other comprehensive income	–	–	–	–	–	–	–	0	0	0	2	0	0	0	1	0	0	0	2	0
Total comprehensive income	–	–	–	–	–	–	–	−135	−341	−138	−133	−130	−128	−126	−127	−132	−114	−126	−176	−123
Net margin	−131.6%	−38.0%	−72.7%	−286.4%	−213.3%	−312.6%	−690.5%	−117.2%	−253.1%	−127.5%	−137.1%	−157.5%	−170.3%	−181.1%	−185.5%	−814.4%	−145.1%	−137.5%	−172.7%	−141.7%
Earnings per share	–	–	−₹5.33	−₹11.72	−₹8.52	−₹10.39	−₹17.14	−₹3.57	−₹18.06	−₹3.65	−₹3.58	−₹3.44	−₹3.37	−₹3.34	−₹3.39	−₹3.48	−₹3.02	−₹3.34	−₹4.74	−₹3.26

Earnings per share in rupees, restated for later splits and bonuses.

10 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to June, then September, then March.

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings
Loss

A loss in 6 of the 9 years with results on record

Operating and net margin, per cent

The company moved its year end from June to September: its last year to June on record ended in Jun 2012, its first year to September in Sep 2014. The company moved its year end from September to March: its last year to September on record ended in Sep 2015, its first year to March in Mar 2017.

The years either side of a change of basis do not compare. From the year to Jun 2012, the company's revenue for that year, ₹1,888 Cr, differs from its quarters added, ₹1,823 Cr.

Results for the year to Mar 2021

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

Revenue290
Materials and goods−145
Employee costs−43
Other expenses−158
Operating profit−56
Depreciation−488
Other income+4.0
One-off items0.0
Finance costs−11
Profit before tax−551
Tax0.0
Net profit−551

What the company owns

Plant, investments and other assets₹11,720 Cr
Inventory₹262 Cr
Receivables₹115 Cr
Cash and bank₹4 Cr
Current investments₹0 Cr

What pays for it: net worth and liabilities

Other liabilities₹10,505 Cr
Borrowings₹1,478 Cr
Owed to suppliers₹118 Cr

Profit and loss

Standalone, ₹ crore, years to June, then September, then March. No results on record for the year to Sep 2013. The last column is the twelve months to Jun 2021, the latest four quarters added.

₹ crore	Jun 2011	Jun 2012	Sep 2013	Sep 2014	Sep 2015	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Jun 2021Twelve months
Revenue from operations	1,383	1,888	–	3,015	2,750	1,467	525	459	296	290	360
	1,034	1,322	–	–	–	1,243	556	474	309	346	412
Materials and goods bought	892	1,126	–	1,676	1,667	971	322	233	140	145	185
Employee costs	55	66	–	–	–	84	64	64	48	43	49
Other expenses	86	130	–	–	–	188	170	178	121	158	179
Operating profit before depreciation	349	565	–	–	–	224	−30	−15	−13	−56	−52
Operating margin	25.2%	29.9%	–	–	–	15.3%	−5.8%	−3.2%	−4.4%	−19.4%	−14.3%
Materials, % of revenue	64.5%	59.7%	–	–	–	66.2%	61.2%	50.6%	47.3%	50.1%	51.2%
Employee costs, % of revenue	4.0%	3.5%	–	–	–	5.7%	12.1%	13.9%	16.1%	14.7%	13.5%
Other expenses, % of revenue	6.2%	6.9%	–	–	–	12.8%	32.4%	38.7%	41.0%	54.6%	49.5%
Depreciation and amortisation	126	147	–	–	–	527	475	497	493	488	483
Operating profit after depreciation	223	418	–	–	–	−302	−505	−512	−506	−544	−535
Other income	54	–	–	–	–	1	12	1	0	4	4
Finance costs	107	180	–	344	573	805	642	13	7	11	12
Profit before one-off items and tax	171	239	–	361	−213	−1,106	−1,136	−523	−512	−551	−543
One-off items	–	−13	–	–	−25	−400	−670	−226	0	0	2
Profit before tax	171	226	–	361	−238	−1,506	−1,806	−749	−512	−551	−541
Tax	51	69	–	113	−67	−462	0	0	0	0	0
Net profit	114	156	–	248	−171	−1,044	−1,806	−749	−512	−551	−541
Other comprehensive income	–	–	–	–	–	–	–	2	1	2	2
Total comprehensive income	–	–	–	–	–	–	–	−747	−511	−549	−539
Net margin	8.2%	8.3%	–	8.2%	−6.2%	−71.2%	−343.9%	−163.1%	−172.8%	−190.5%	−150.2%

Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the years to Sep 2014 and Sep 2015: the statement does not state its depreciation, which operating profit is worked out from, so operating profit is not given.

Earlier years, Jun 2008 to Jun 2010

₹ crore	Jun 2008	Jun 2009	Jun 2010
Revenue from operations	970	775	974
	721	612	741
Materials and goods bought	625	508	621
Employee costs	43	48	52
Other expenses	53	56	68
Operating profit before depreciation	248	163	233
Operating margin	25.6%	21.1%	23.9%
Materials, % of revenue	64.5%	65.5%	63.7%
Employee costs, % of revenue	4.4%	6.2%	5.4%
Other expenses, % of revenue	5.5%	7.3%	6.9%
Depreciation and amortisation	56	70	96
Operating profit after depreciation	192	94	137
Other income	18	26	55
Finance costs	26	40	83
Profit before tax	184	79	109
Tax	53	25	33
Net profit	347	54	76
Net margin	35.8%	7.0%	7.8%

Standalone, ₹ crore, years to June.

Balance sheet

Standalone, ₹ crore, at 30 June, then 30 September, then 31 March.

₹ crore	Mar 2019	Mar 2020	Mar 2021
	−782	−1,293	−1,836
Share capital	76	76	76
Reserves	−858	−1,369	−1,912
	1,462	1,468	1,478
Repayable after a year	14	16	18
Repayable within a year	1,447	1,452	1,460
	7,690	7,698	7,722
Trade payables	108	108	118
Other financial liabilities	6,044	6,044	6,044
Other liabilities	91	94	101
Provisions	0	0	0
	162	162	165
Other liabilities	122	122	122
Provisions	26	25	25
Liabilities going with businesses held for sale	–	–	6,051
	7,070	6,567	12,101
Held for sale or for a demerger	–	–	6,051
	6,583	6,092	5,616
Plant in use, after depreciation	5,027	4,535	4,047
Plant being built	11	11	11
Investments	564	564	689
Other financial assets	5	6	6
Deferred tax	425	425	425
Other assets	551	551	438
	487	474	435
Inventories	266	263	262
Trade receivables	158	152	115
Cash and cash equivalents	6	4	4
Current investments	0	0	0
Other financial assets	1	1	0
Tax paid in advance	43	44	44
Other assets	13	10	10
Net debt	1,456	1,464	1,474

Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Jun 2011, Jun 2012, Sep 2014, Sep 2015, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Standalone, ₹ crore, years to June, then September, then March.

₹ crore	Mar 2021
	0.3
	0.2
	55.7
Receivables	37.8
Inventories	1.5
Payables	9.6
Other working capital	6.8
Tax paid	0.1
Capital spending	0.0
Free cash flow	0.2
	0.7
Plant and property sold	0.3
Interest received	0.3
Cash from financing	0.0
Dividends paid	0.0
Shares bought back	0.0
Shares issued	0.0
Net change in cash	1.0

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Jun 2011, Jun 2012, Sep 2014, Sep 2015, Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Standalone, ₹ per share, years to June, then September, then March.

₹ per share	Jun 2011	Jun 2012	Sep 2013	Sep 2014	Sep 2015	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021
	–	₹5.65	–	₹8.93	−₹5.92	−₹27.61	−₹47.77	−₹19.82	−₹13.55	−₹14.58
As stated that year	₹8.37	₹5.65	–	₹8.93	−₹5.92	−₹27.61	−₹47.77	−₹19.82	−₹13.55	−₹14.58
	–	₹5.37	–	₹6.56	−₹5.92	–	−₹47.77	−₹19.82	−₹13.55	−₹14.58
As stated that year	₹8.37	₹5.37	–	₹6.56	−₹5.92	–	−₹47.77	−₹19.82	−₹13.55	−₹14.58
Book value per share	–	–	–	–	–	–	–	−₹20.68	−₹34.21	−₹48.57
Shareholder yield	–	–	–	–	–	–	–	–	–	0.0%
Market cap at the year end (₹ crore)	1,183	2,879	–	2,570	671	–	–	32	11	11

Every year is restated for later splits and bonuses, so they do not break the line. The figure the company stated that year is under each line it differs from.

Ratios

Standalone, years to June, then September, then March.

Ratio	Jun 2011	Jun 2012	Sep 2013	Sep 2014	Sep 2015	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021
Revenue growth	41.9%	–	–	–	−8.8%	–	−64.2%	−12.5%	−35.5%	−2.3%
Operating profit growth	49.6%	–	–	–	–	–	–	–	–	–
Net profit growth	49.1%	–	–	–	–	–	–	–	–	–
	–	–	–	–	–	–	–	95.8%	49.4%	–
	–	–	–	–	–	–	–	–	−46.5 pts	–
From the net margin	–	–	–	–	–	–	–	–	5.7 pts	–
From asset turnover	–	–	–	–	–	–	–	–	−33.6 pts	–
From borrowing	–	–	–	–	–	–	–	–	−18.6 pts	–
Return on capital employed	–	–	–	–	–	–	–	−75.3%	−289.8%	–
Interest cover	2.1	2.3	–	–	–	–	–	–	–	–
Receivable days	–	–	–	–	–	–	–	126	188	–
Inventory days	–	–	–	–	–	–	–	417	685	–
Payable days	–	–	–	–	–	–	–	169	281	–
Cash conversion cycle, days	–	–	–	–	–	–	–	374	592	–
Working capital days	–	–	–	–	–	–	–	−4,577	−7,112	–
Asset turnover	–	–	–	–	–	–	–	0.07	0.04	–
Assets per rupee of net worth	–	–	–	–	–	–	–	−9.04	−6.57	–
Sales per rupee of plant	–	–	–	–	–	–	–	0.09	0.07	0.07
Capital spending to depreciation	–	–	–	–	–	–	–	–	–	0.00
Plant being built, % of plant in use	–	–	–	–	–	–	–	0.2%	0.2%	0.3%

Revenue growth, operating profit growth and net profit growth are left blank for the year to Jun 2012: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out. Interest cover is left blank for the years to Mar 2017, Mar 2018, Mar 2019, Mar 2020 and Mar 2021: operating profit after depreciation is a loss, and a loss covers no interest bill. Debt to equity is left blank for the years to Mar 2019 and Mar 2020: net worth is below zero, so there is no shareholders' money to set the borrowings against. Return on equity, asset turnover and assets per rupee of net worth are left blank for the year to Mar 2021: a tenth or more of the assets on the balance sheet it is worked from are held for sale or for a demerger, so it would mix the business being kept with the part that is leaving. Change in return on equity, from the net margin, from asset turnover and from borrowing are left blank for the year to Mar 2021: a tenth or more of the assets on the balance sheet it is worked from are held for sale or for a demerger, so it would mix the business being kept with the part that is leaving. Debt to equity, receivable days, inventory days, payable days, cash conversion cycle, days, return on capital employed and working capital days are left blank for the year to Mar 2021: a tenth or more of the assets on the balance sheet it is worked from are held for sale or for a demerger, so it would mix the business being kept with the part that is leaving. No balance sheet is on record for the years to Jun 2011, Jun 2012, Sep 2014, Sep 2015, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2021.

Return on assets, latest year: −5.9%

Measure	5 years	3 years
Revenue growth, yearly rate	–	−18.0%
Return on equity, average	–	72.6%
Return on capital employed, average	–	−182.6%
Operating margin, average	−3.5%	−9.0%
Net margin, average	−188.3%	−175.5%
Asset turnover, average	–	0.05
Cash conversion cycle, days, average	–	483

Where the cash came from and went

Standalone: the listed company alone, without its subsidiaries. ₹ crore, added up over each window, which ends with the year to Mar 2021.

₹ crore	Latest year
Cash from operations	0.29
Cash from investing	0.69
Cash from financing	0.00
Capital spending	0.04
Dividends paid	0.00
Shares bought back	0.00
Shares issued for cash	0.00
Borrowings raised	0.00
Borrowings repaid	0.00

Accounting checks

Standalone, years to June, then September, then March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Jun 2011	Jun 2012	Sep 2013	Sep 2014	Sep 2015	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021
Effective tax ratePublished threshold 17.16 per cent	30.04	30.74	–	31.28	–	–	–	–	–	–

A threshold marked as ours has no published figure; it is the line we read the check against.

Business segments

In the year to Mar 2021 the company reports one business segment, Auto Parts & Equipment, which carries all its revenue.

Where the return came from

Yearly rates to Mar 2021, per-share figures restated for splits and bonuses.

Over	Return a year	Earnings growth	Change in P/E	Dividend yield
1 year	0.0%	–	–	0.0%
3 years	−55.9%	–	–	0.0%
5 years	−43.6%	–	–	0.0%

Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record.

Castex Technologies share price by year

Each calendar year to 2021.

Year	Close at year end	Change	Highest close	Lowest close
2021	0.80	+60.0%	0.85	0.30
2020	0.50	+42.9%	0.75	0.25
2019	0.35	−72.0%	1.25	0.30
2018	1.25	−82.6%	7.85	1.10
2017	7.20	−14.8%	9.45	4.90
2016	8.45	−37.6%	16.25	4.95
2015	13.55	−82.3%	362.65	13.20

₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. The 2021 close is its last trade, on 20 Jul 2021.

Recent sessions

The 10 trading days to 20 Jul 2021, as traded on BSE.

Date	Open	High	Low	Close	Average price	Volume
20 Jul 2021	0.80	0.80	0.80	0.80	0.80	2,51,352
19 Jul 2021	0.75	0.75	0.75	0.75	0.75	2,94,625
16 Jul 2021	0.70	0.70	0.70	0.70	0.70	2,40,407
15 Jul 2021	0.65	0.65	0.65	0.65	0.65	2,67,922
14 Jul 2021	0.60	0.60	0.55	0.60	0.60	3,42,263
13 Jul 2021	0.50	0.55	0.45	0.55	0.51	4,08,015
12 Jul 2021	0.40	0.50	0.40	0.50	0.43	6,15,889
5 Jul 2021	0.45	0.45	0.45	0.45	0.45	4,62,844
28 Jun 2021	0.50	0.50	0.50	0.50	0.50	3,13,398
21 Jun 2021	0.55	0.55	0.55	0.55	0.55	2,07,300

Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.

Ex-date	Event	Price factor	What happened
21 Nov 2011	Price move	–	Between two trading sessions the price fell 47% or more, or rose 90% or more. No corporate action is on record. Earlier prices are not shown.

Where an event has no factor that can be worked out, the chart leaves out the closes before it.

Company details

BSE code: 532282
ISIN: INE068D01021
Industry: Auto Components
Former symbols: CASTEXTECH, AMTEKINDIA
Website: www.amtek.com
CIN: L65921HR1983PLC033789; Corporate identity number, the registrar of companies' code for it
Incorporated: 1983
Registered office: Old Manesar Road Village, Narsinghpur, Mohammadpur, Gurugram 123106, Haryana
Share registrar: Beetal Financial & Computer Services Pvt. Ltd; Keeps the register of shareholders and handles transfers and dividend payments