J.L.MORRISON India ltd holds 18000 Shares of FV 200 fully paid up shares of Rasoi Ltd or approx. 18% shares valued at roughly Rs 54 Cr .
(Rasoi ltd was recently delisted, with an option given to investor for buyback at price of 32,000Rs/share)
Company also holds 11 Lakh shares of Hindustan Composites valued at Rs 19 Cr (Approx.)
Company has equity share capital of just 1.36 Cr only of which of which about 75% shares are held by promoters.
JL Morison India Ltd. is an FMCG company based in Mumbai, India. The company has been in the business of building sustainable brands in India for over 80 years. In the past it has manufactured and distributed international brands like Nivea, Equal, Wella and Coty fragrances. Presently we fully manufacture, market and distribute three brands in the baby care (Morisons Baby Dreams), oral care (Emoform-R toothpaste) and hair care (Bigen) segments. Our brands sell through Traditional Trade, Modern Trade, Canteen Store Dept, e-commerce and our own e-shop jlmorison.com . Company also export our baby care products to some SAARC nations.
The Company achieved a total revenue of Rs. 9194.48 Lakhs, as against Rs. 9335.14 Lakhs in previous year. The net revenue from operations increased by 1% from 8590.64 Lakhs to 8680.12 Lakhs. Profit Before Tax was Rs. 1060.08 Lakhs and net profit was Rs. 727.04 Lakhs after provision for tax of Rs. 333.04 Lakhs.
For the Quarter ended June 2019 Company register total revenue of 2349.7 Lakhs up 5% from the same Quarter previous year however total profit was down about 38% as compared to the same quarter of last year.
Valuation-: ( Estimated Book Value of Holdings , Cash and Fixed Assets)
Holding value of Rasoi Shares Value – Rs 397 / J.L.M share
Holding of Hind Comp. Value – Rs139 / J.L.M share
Cash Balance – Rs 132/ J.L.M share
Fixed Assets – Rs 191/ J.L.M share
Total Book Value – 860 Rs / share
( Users are requested to note that shares of Rasoi and Hindustan Composite may be held for long term purpose which may not be subject to any sale or realization leading to dead holdings as a result J.L.Morrison price may remain stagnant or may even fail to appreciate by the smallest gains, therefore if added to portfolio the same should be added with a view that this is a dead investment and do not send queries asking why the stock is not performing)