Madras Aluminium Co. Ltd., (Delisted) share price
BSE: 504580
Face value ₹2 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed May 2000
Last traded ₹115.85 on 11 Jun 2009
Delisted on 19 Jun 2009.
Last announcements
The company's own last announcements before its shares stopped trading, routine notices left out.
Jun 2009
8 Jun · Meeting
Annual General Meeting of the Members of the Company is scheduled to be held on June 24, 2009. Further the Company had informed the Exchange that the Board of Directors of the Company at its meeting held on April 28, 2009 has recommended a dividend of Rs.1.80 per equity share of Rs.2/- each for the current year. The payment is subject to the approval of the shareholders in the Annual General Meeting. The Company has further informed that the Register of Members and Share Transfer Books of the Company will remain closed from June 17, 2009 till June 24, 2009 (both days inclusive).
May 2009
29 May · Suspension and Delisting of trading in equity shares
Members of the Exchange are hereby informed that the trading in the equity shares of The Madras Aluminium Co. Ltd. shall be suspended w.e.f. June 12, 2009 (i.e. w.e.f. closing hours of trading on June 11, 2009) on account of voluntary delisting pursuant to the SEBI (Delisting of Securities) Guidelines, 2003. The admission to dealings in securities of the said company shall be withdrawn (delisted) w.e.f. June 19, 2009.29 May · Delisting of shares
Madras Aluminium Co Ltd has, with reference to the Delisting of the equity shares of the Company from the Exchange, submitted to the Exchange the details of the name, address and contact numbers of the Contact Person at RTA and at the Company for solving Investor queries post Delisting. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Apr 2009
28 Apr · Dividend
Board of Directors of the Company at its meeting held on April 28, 2009 has recommended a dividend of Rs.1.80 per equity share of Rs.2/- each for the current year. The payment is subject to the approval of the shareholders in the Annual General Meeting.16 Apr · Board meeting
Inter-alia to consider the Un-audited Quarterly Financial Results and Annual Accounts for the period ended March 31, 2009 and also to consider declaration of dividend, if any, on the equity shares of the company
Mar 2009
24 Mar · Delisting offer
"This public announcement ("Public Announcement" / "PA") is being issued by Twin Star Holdings Limited ("THL" or "Acquirer"), pursuant to clause 10 of the Securities and Exchange Board of India (Delisting of Securities) Guidelines, 2003 ("Guidelines") to the public shareholders ("Shareholders") of The Madras Aluminium Company Limited (the "Company") in respect of the proposed acquisition and delisting of the fully paid-up equity shares ("Equity Shares") of the Company under the Guidelines, (the "Delisting Offer"). The Acquirer is pleased to announce the results of the Delisting Offer and the discovered price per Offer Share, as determined through the reserve book building process using the electronic facility of the Bombay Stock Exchange Limited ("BSE"). The Acquirer has accepted the discovered price of Rs. 115 per Offer Share ("Exit Price') established by the reserve book building process which was opened on March 17, 2009 and closed on March 20, 2009 for the Shareholders holding Offer Shares in the dematerialized form, in accordance with the Guidelines (being the price at which the maximum number of Offer Shares have been tendered). Accordingly, the Acquirer shall accept all the bids at or below the Exit Price and the Shareholders who have tendered their Offer Shares at or below the Exit Price will be paid the consideration at the Exit Price of Rs. 115 per Offer Share. The final settlement date for the Offer Shares held in dematerialized form that have been tendered at or below the Exit Price is March 25, 2009. Dispatch of consideration to the shareholders will start upon the completion of the final settlement as per the Bid Letter. The details of the same shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements) For more details click here.
Results for the quarter to Mar 2009
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
- RevenueRevenue from operations. Money earned from selling the company's goods and services in the period. Revenue from operations in the glossary
- ₹112 Cr−13.0% on a year ago · −4.8% on the quarter beforeChange on a year ago and on the quarter before. The change against the same quarter a year before: (this quarter's figure less that quarter's) divided by that quarter's, times 100. The change on the quarter before is the same sum against the quarter just before, taken as this quarter's results restate it where the company restated it: this quarter's year to date less this quarter. Left out where either figure is a loss, where the restatement covers two or more earlier quarters without saying which, or across a change of basis named under the table, on the lines it affects.
- Operating profitOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. Operating profit before depreciation (EBITDA) in the glossary
- ₹38 Cr+299.3% on a year ago
- Net profitNet profit. What is left of revenue and other income after every cost, interest and tax. Net profit in the glossary
- ₹29 Cr
- Operating margin
- 33.4%
- Net margin
- 25.6%
From revenue to net profit, ₹ crore
- Revenue112
- Operating expenses−75
- Operating profit38
- Depreciation−5.7
- Other income+6.6
- One-off items−9.1
- Finance costs−1.4
- Profit before tax28
- Tax+0.7
- Net profit29
Madras Aluminium Co. Ltd., results by quarter
Standalone: the listed company alone, without its subsidiaries. Latest quarter to Mar 2009. Results for the quarter to Jun 2009 were due by 14 Aug 2009, 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 ₹136 Cr, quarter to Jun 2008; lowest ₹110 Cr, quarter to Dec 2007Back to profit in the quarter to Mar 2009, ₹29 Cr
Operating and net margin by quarter, per cent
- Operating margin
- Net margin
| ₹ crore | Sep 2007 | Dec 2007 | Mar 2008 | Jun 2008 | Sep 2008 | Dec 2008 | Mar 2009 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 124 | 110 | 129 | 136 | 127 | 118 | 112 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. Operating expenses in the glossary | 91 | 98 | 120 | 111 | 122 | 124 | 75 |
| Materials and goods boughtCost of materials and goods. Raw materials used and goods bought for resale in the period, adjusted for the change in stock held. Cost of materials and goods in the glossary | 70 | 78 | 96 | 89 | 99 | 105 | 60 |
| Operating profit before depreciation | 33 | 12 | 9 | 25 | 5 | −6 | 38 |
| Operating margin | 26.9% | 11.0% | 7.3% | 18.2% | 4.0% | −5.1% | 33.4% |
| Depreciation and amortisationDepreciation and amortisation. The part of the cost of plant, buildings and other long-lived assets charged against each year they are used. Depreciation and amortisation in the glossary | 5 | 6 | 6 | 6 | 6 | 6 | 6 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. Other income in the glossary | 0 | 7 | 6 | 5 | 14 | 5 | 7 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. Finance costs in the glossary | −4 | −5 | 0 | 0 | 0 | 1 | 1 |
| Profit before one-off items and taxProfit before one-off items and tax. Profit before tax as it would be without the one-off items below it, as the company states it. Profit before one-off items and tax in the glossary | – | – | – | – | – | −8 | 37 |
| One-off itemsExceptional items. Gains or losses the company reports separately because they are not expected to recur, such as selling a business or writing down an asset. Exceptional items in the glossary | – | – | −26 | – | −9 | – | −9 |
| Profit before tax | 33 | 18 | −17 | 24 | 4 | −8 | 28 |
| Tax | 4 | 3 | −2 | 2 | 1 | −1 | −1 |
| Tax rateEffective tax rate. Tax charged as a percentage of profit before tax. Effective tax rate in the glossary | 11.7% | 17.7% | – | 9.1% | 26.4% | – | −2.5% |
| Net profit | 29 | 15 | −15 | 22 | 3 | −7 | 29 |
| Net margin | 23.2% | 13.4% | −11.5% | 15.8% | 2.2% | −6.0% | 25.6% |
Earnings per share in rupees, restated for later splits and bonuses.
Madras Aluminium Co. Ltd., results by half year
Standalone: the listed company alone, without its subsidiaries. The half years to Sep 2007 in the same span that the quarters on record do not fully cover.
| ₹ crore | Sep 2007 |
|---|---|
| Revenue from operations | 235 |
| 167 | |
| Materials and goods bought | 123 |
| Operating profit before depreciation | 68 |
| Operating margin | 29.1% |
| Depreciation and amortisation | 11 |
| Other income | 8 |
| Finance costs | −8 |
| Profit before tax | 74 |
| Tax | 9 |
| Tax rate | 11.7% |
| Net profit | 65 |
| Net margin | 27.8% |
Earnings per share in rupees, restated for later splits and bonuses.
2 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
Peak revenue ₹494 Cr, year to Mar 2009; lowest ₹474 Cr, year to Mar 2008
Operating and net margin, per cent
- Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. Operating margin in the glossary
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
Results for the year to Mar 2009
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue494
- Operating expenses−432
- Operating profit62
- Depreciation−23
- Other income+30
- One-off items−18
- Finance costs−3.3
- Profit before tax47
- Tax−1.6
- Net profit46
Profit and loss
Standalone, ₹ crore, years to March.
| ₹ crore | Mar 2008 | Mar 2009 |
|---|---|---|
| Revenue from operations | 474 | 494 |
| 384 | 432 | |
| Materials and goods bought | 297 | 352 |
| Operating profit before depreciation | 90 | 62 |
| Operating margin | 19.0% | 12.5% |
| Depreciation and amortisation | 22 | 23 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. Operating profit after depreciation (EBIT) in the glossary | 68 | 39 |
| Other income | 34 | 30 |
| Finance costs | 1 | 3 |
| Profit before one-off items and tax | – | 66 |
| One-off items | −26 | −18 |
| Profit before tax | 75 | 47 |
| Tax | 10 | 2 |
| Net profit | 65 | 46 |
| Net margin | 13.8% | 9.3% |
Ratios
Standalone, years to March.
| Ratio | Mar 2008 | Mar 2009 |
|---|---|---|
| Revenue growthRevenue growth. This year's revenue less last year's, divided by last year's, times 100; blank where last year's is not above nought. Revenue growth in the glossary | – | 4.1% |
| Operating profit growthOperating profit growth. This year's operating profit before depreciation less last year's, divided by last year's, times 100; blank where last year's is not above nought. Operating profit growth in the glossary | – | −31.5% |
| Net profit growthNet profit growth. This year's net profit less last year's, divided by last year's, times 100; blank where last year's is not above nought. Net profit growth in the glossary | – | −29.8% |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. Interest cover in the glossary | 87.2 | 11.9 |
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 2009.
| Measure | 3 years |
|---|---|
| Operating margin, averageOperating margin, average. 3 years: The plain average of the yearly operating profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly operating profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly operating profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 15.7% |
| Net margin, averageNet margin, average. 3 years: The plain average of the yearly net profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly net profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly net profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 11.5% |
| Interest cover, averageInterest cover, average. 3 years: The plain average of the yearly interest cover over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly interest cover over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly interest cover over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 49.5 |
Accounting checks
Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Mar 2008 | Mar 2009 |
|---|---|---|
| Effective tax ratePublished threshold 17.16 per cent | 13.26 | 3.36 |
A threshold marked as ours has no published figure; it is the line we read the check against.
Recent sessions
The 10 trading days to 11 Jun 2009, as traded on BSE.
| Date | Open | High | Low | Close | Average price | Volume |
|---|---|---|---|---|---|---|
| 11 Jun 2009 | 115.95 | 116.50 | 115.10 | 115.85 | 115.72 | 43,702 |
| 10 Jun 2009 | 118.00 | 118.00 | 115.10 | 115.35 | 115.69 | 49,564 |
| 9 Jun 2009 | 115.10 | 116.80 | 115.10 | 115.20 | 115.50 | 30,836 |
| 8 Jun 2009 | 116.00 | 116.50 | 114.10 | 114.55 | 115.01 | 45,632 |
| 5 Jun 2009 | 114.95 | 119.00 | 113.65 | 115.15 | 115.66 | 1,08,903 |
| 4 Jun 2009 | 113.55 | 115.00 | 113.55 | 113.75 | 113.81 | 27,074 |
| 3 Jun 2009 | 116.00 | 116.00 | 113.25 | 113.90 | 114.52 | 60,273 |
| 2 Jun 2009 | 118.90 | 121.00 | 114.00 | 114.45 | 115.65 | 1,41,562 |
| 1 Jun 2009 | 113.60 | 125.00 | 113.60 | 114.60 | 117.67 | 3,02,227 |
| 29 May 2009 | 114.45 | 114.50 | 113.60 | 113.65 | 113.99 | 1,610 |
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 |
|---|---|---|---|
| 17 Jul 2008 | 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
- 504580
- ISIN
- INE223B01026
- Website
- www.malco-india.com
- Registered office
- Mettur Dam, R S 636402, Salem 636402, Tamil Nadu
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments