Automotive and Transport Sector in India Monthly Update September 2012
Top Story Indian auto industry in need of Government support Government support is required to revive the drooping sales in the Indian automobile industry. There has been declining car and two‐wheelers sales along with reduced volumes of medium‐and heavy‐duty commercial vehicle. A stimulus package is necessary for coming out of this situation. In March 2012, the budget had increased the excise duty on small cars and two‐wheelers by 2% and there was a 5% rise in duty on big cars and SUVs. A cut on the excise duty can help in boosting the auto industry. Government should resume its purchase of vehicles for its various wings as well as senior officers. Further, government should come out with the second phase of the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) scheme to encourage sales of buses across cities. It is difficult to generate automobile demand owing to increasing petrol prices and rise in interest rates. Hence, such measures are required for stimulating growth. Tesco and Walmart to move into India Indian government will now allow international supermarket chains such as Tesco and Walmart to set up shop in India. With foreign retailers being able to take majority stakes in joint ventures, it is expected that they will bring their expertise in logistics and cold‐ chain warehousing to modernize Indian farming and cut food prices. Further foreign direct investment levels in domestic airlines will be increased to 49pc. This is an attempt to revive the ailing airline industry. This will also allow foreign airlines to take a stake in Kingfisher. British Airways, Emirates and Singapore Airlines are expected to have indicated an interest in Kingfisher. With foreign investors coming to India, lots of Investment will be in back‐end particularly in warehousing and distribution. Improvement in SCM & Logistics is expected which will also help to reduce food waste in India and also cut the food prices through cold chains. Efficiency is the need of the hour in this sector. News Update
General Price war hits Indian automobile industry Indian automobile players are trying to lure customers by introducing extremely price competitive products. Mahindra had launched its compact mini SUV Quanto with price ranging from INR 0.582 mn to INR 0.736 mn (ex‐showroom Thane). Maruti's multi‐utility Automotive and Transport – Monthly Update
vehicle Ertiga is priced between INR 0.78 ‐ 0.913 mn, while Renault’s SUV Duster ranges between INR 0.835 ‐ 1.19 mn. Besides, seating capacity of Quanto has been increased from 5 to 7, by adding 2 seats at the rear. Luxury car makers, such as, Mercedes has recently launched B180 in India, priced at INR 2.149 mn, while Audi has introduced Q3 at INR 2.671 mn. Indian auto market is expected to witness the launch of more such affordable cars to reverse the sluggish demand. Fuel efficiency norms likely to raise the car prices by 1520% Bureau of Energy Efficiency (BEE) will launch a fuel‐efficiency labeling system based on a five‐star rating system in Apr 2013. Each carmaker will be assigned an individual target depending on the average weight across its entire fleet. Failing to meet the standard will cost a penalty of INR 1 mn and an additional INR 10,000 per day. Society of Indian Automobile Manufacturers (SIAM) believes that achieving the new targets will be very difficult for the Indian car manufactures. Car prices may be increased by 15‐20% as they need to recover the cost involved in adopting the new technology and setting up manufacturing capacities. There can be a hike of INR 50,000 in small car prices, while the bigger cars can witness a rise of INR 0.12 mn to be in line with the revised fuel‐ efficiency norms. Ford to ship engines produced in India to Europe Ford Motor Co. is planning to export engines built in India to Europe and other markets. Company has set up plants in the country with a total investment of more than INR 90.9 bn. However, it has not been able to gain considerable market share from established players in the small car segment, such as Hyundai Motor Co. and Maruti Suzuki India Ltd. Hence, the firm is looking towards boosting exports for utilizing its increasing production capacity in India. By 2015, Ford is expected to produce 450,000 cars and 600,000 engines in India. At present, Ford India exports 40% of its engine production and 25% of its car production to 35 countries. Nisaan launches Evalia priced at INR 0.85 mn Nissan has launched its new multi‐purpose vehicle Evalia, with a starting price of INR 0.849 mn for the base XE variant. Evalia is powered by a 1.5‐litre dCi diesel engine that produces 85PS of power and 200Nm of torque. It is available in four diesel variants imbibed with ABS and EBD safety features. The basic model features, power steering with tilt‐adjust, electric wing mirrors, a single‐ DIN music system with two speakers and aux connectivity, and a multi‐information display. The second variant XE+ is priced at INR 0.892 mn and has driver and passenger airbags apart from the features of XE. The third variant XL comprises remote‐controlled Automotive and Transport – Monthly Update
central locking, power windows, a double‐DIN music system and air condition vents for second‐row passengers. XL is priced at INR 0.949 mn. The additional features in the top model XV include fog lamps, an intelligent key, reverse camera and a colored multi‐ information display. XV is priced at INR 0.999 mn. Security clearance norms updated for port development projects The shipping ministry has issued new guidelines to update security clearance proposals to remove bottleneck in port development projects. It is also taking steps to ensure expeditious grant of environment clearance, land acquisition and litigation. Awards will be given to create 244 mn tonne of capacity spread across 42 projects at an estimated cost of INR 5 bn 2012‐13. All the ports have been given targets for dredging work so that 12 m draft can be provided to bring in bigger vessels. The ministry aims to provide 17 m draft in future. From 17th–20th Oct 2012, the Shipping Ministry and the Federation of Indian Chamber of Commerce and Industry are jointly organizing the India Maritime 2012 in Goa for port infrastructure, shipping lines, cargo handling agents, ship builders, ancillary suppliers and other related service providers to showcase their capabilities. India’s SREI partners with Sri Lanka’s Arinma India based SREI Infrastructure Finance Limited has launched its services in Sri Lanka through its local partner Arinma Holdings Private Limited. Both the parties have signed the partnership agreement on 5th Sep, 2012. The company will provide consultancy and advisory services across all sectors and also rent out equipment for sectors such as construction, healthcare, road and rail‐related development. Further, it plans to offer financing to select Private Partnership Projects such as building up of industrial parks and tourism‐related facilities. Reliance Cement Company in Maharashtra starts production Reliance Infrastructure Ltd.’s subsidiary, Reliance Cement Company Pvt. Ltd. (RCC) has started production in its first manufacturing unit at Butibori, Nagpur. This manufacturing facility will mainly serve the Vidarbha market in Maharashtra. At present RCC is executing two projects with a total capacity of 10 mn tonnes in Madhya Pradesh and Maharashtra with connected satellite grinding plants. At 5 mn tonnes each, the two projects will serve as the foundation for upcoming projects. The clinker producing plants of the company will be se to the main raw material, limestone, while the satellite grinding units will be closer to the target markets. Reliance’s move to enter the cement industry comes as a natural extension of its businesses in power and infrastructure. The company aims to be counted amongst the top five cement companies in the country in the next 5 years. All the business processes of the company, which includes manufacturing, sales & distribution, customer service and administration, are being designed to be fully automated. Automotive and Transport – Monthly Update
Visakhapatnam Port Trust to open bids for container berth extension Visakhapatnam Port Trust plans to open bids by the end of 2012 or early 2013 for the extension of the container berth from the present 450 metres to 850 metres. The cost is estimated at more than INR 6 bn. The work is to be completed within 24 months. The berth will be the longest such facility in India after its completion. Visakha Container Terminal, the joint venture between United Liner Agency belonging to the Mumbai‐based J M Baxi Group, and the Dubai‐based D P World have bid for the berth extension job. The joint venture company operates the port’s container terminal known as Visakha Container Terminal (VCT). Portland green pallet technology coming to India As wooden shipping pallets are heavy and difficult to recycle, the shipping industry has been looking for a way out. Boise, Idaho‐based Unipal International Ltd. brings the solution as it can build shipping pallets using commodity corrugated cardboard which makes them clean and 100% recyclable. Unipal has signed a manufacturing license agreement with Portland‐based Altman Browning & Company to develop and sell the machinery to automate the process of making the green pallets. Altman Browning is now putting the finishing touches on the first suite of machines that will ship out from the Port of Portland bound for Mumbai at the end of Sep 2012.
News Update Regulatory
Domestic auto players accused by CCI Competition Commission of India (CCI) has sent show cause notices to 17 major automakers for protecting the interests of the consumers as they have been selling spare parts to the consumers at higher prices. The final decision will be taken by the CCI after considering the explanations of the carmakers as well as the report of the Director General of the Commission. However, foreign companies are more involved in such alleged anti‐competitive practice than the domestic auto majors. Domestic car manufacturers, such as, Maruti Suzuki, Tata Motors and Mahindra & Mahindra, have made their auto parts available in the open market, barring few models. Hyundai has also started to sell spare parts via retail channel. Foreign companies are keener on sending their customers to authorized dealers resulting in higher servicing and maintenance cost. Automotive and Transport – Monthly Update
Independent and unorganized workshops charge nearly 30% less than the authorized service outlets, which had resulted in ~50% of the car owners to shift from the authorized dealers owing to higher servicing charges. Dealers try to make up for their declining margins due to discounts on new cars via increasing the servicing cost.
News Update Expansion Plans
Mahindra to set up a technical centre in Detroit Mahindra & Mahindra is setting up their new technical centre near Detroit, which will provide engineering services catering to the car industry in US. It is Mahindra’s first such centre outside India. There will be ~100 employees within the next six to eight months. Mahindra’s client list for its engineering services already includes General Motors, Navistar, Volvo and Bentley. Mahindra owns a tractor plant in Texas. However, it has not yet established a dealership network to sell its own utility vehicles in the US market. Indian and Chinese companies, such as, Tata and Shanghai Automotive Industries Corp, have also set up their office around Detroit. VE Commercial Vehicles plans to invest INR 10 bn for business development VE Commercial Vehicles Ltd. had announced its plans of investing INR 10 bn for expanding its business in India. The investment will be utilized for several business development activities, including expansion of engine production capacity, introducing new products, boosting R&D infrastructure and building a strong distribution and after sales network. Company has an annual capacity of rolling out 60,000 engines. It is building a new plant with annual production capacity of 0.1 mn engines, depending on the Volvo technology. In this fiscal, company has launched a 14 tonne truck. It is expected to unveil the next new product by the end of 2013. Bajaj Auto and Kawasaki alliance to reach other ASEAN nations Bajaj Auto’s tie up with Kawasaki since 2004 in Philippines has proven to be successful with achieving 45% market share in the country. Bajaj has plans of adopting the same business model in other ASEAN countries and Brazil. By mid 2013, Bajaj will develop the Philippines business model in Indonesia. In accordance with the tie up, Bajaj exports its India‐built bikes to Kawasaki, who further modifies them based on the local regulations. Finally, the bikes are launched under the
Automotive and Transport – Monthly Update
Kawasaki‐Bajaj name. This has resulted in better capacity utilization for Bajaj as well as Kawasaki in terms of production and distribution capacity respectively. Bajaj Auto has an annual production capacity of 4 mn motorcycles. In 2011, company had exported 1.2 mn motorcycles, contributing to one third of its total revenues. Five new electric cars from Mahindra by 2016 Mahindra has plans of launching its new electric car, the four‐seater Reva NXR, in Nov 2012. It will be priced at least 20% higher than its existing model, REVAi, which is currently available for INR 0.49 mn (ex‐showroom, Bangalore). For the first time, a lithium ion battery will be incorporated, which will last for ~100 km for a full charge of six hours. Further, it is expected to roll out five new models, including three from Mahindra platforms and two from Reva, with one new variant every year till 2016. Company is currently engaged in the trial run of Mahindra Verito, Gio and Maxximo from the Mahindra platforms at its new production factory in Bangalore. Mahindra Group has invested more than INR 1 bn in Reva Electric Car Co., to set up the Bangalore plant with a capacity of 30,000 units per year. Company is also trying to develop a public‐private partnership model, under which it will set up the required infrastructure for electric cars across key markets. Since its launch, Reva has sold 4,600 cars, including 1,000 cars in London, 300 in Norway and about 3,000 in India. Lately, the National Council on Electric Mobility had suggested the Indian government to launch a INR 230 bn program to support and drive the use of electric vehicles. With rising price of petrol and diesel, electric cars are gradually looked upon as a feasible alternative by small families for use within metros and cities. Cochin is set for port expansion Cochin Port Trust has invited tenders for its ship‐building repair yard and the central government has announced disinvestment of Cochin Shipyard Ltd (CSL) to finance its expansion. Cochin Port Trust has so far received excellent response for its proposed ship‐ building and repair facility which is likely to come up at Willingdon Island. The plan is to lease out for 30 years, the underutilized workshop complex, including the dry dock and slipway for development and operation of an international ship‐building and repair facility. Cochin Shipyard Ltd. had earlier looked at setting up a ship‐building yard at Vizhinjam alongside the container transshipment terminal there. CSL is likely to benefit from Cochin Port Trust’s proposal. CSL has also bid for the project and the tenders will be opened soon after clearance from the Centre. The disinvestment plan is likely to get CSL funds for expansion. Cochin Port Trust also plans to set up a cargo berth at a cost of INR 4.5 bn at the old terminal and also has plans to set up a free trade warehouse zone on 103 acres. Automotive and Transport – Monthly Update
News Update Financials Railways in need of private investments for its PPP projects Indian Railways requires an estimated private investment of INR 800 bn for implementation of various PPP (public private partnership) projects. The projects will cover an elevated rail corridor, high‐speed corridors, redevelopment of stations, logistics parks, private freight terminals, port connectivity, dedicated freight corridor, loco and coach manufacturing units, energy conservation, etc. Indian Railways is even open to foreign direct investment (FDI) in PPP projects within the overall FDI policy framework. The Minister of State for Railways granted that the completion of the projects might be extended up to 13th Plan. Industry Expert Speak Autoindustry demands Government support – Sugato Sen, Senior Director, Society of Indian Automobile Manufacturers “Times are difficult and we need support. Car sales are under pressure, two‐wheeler sales have gone down and medium‐and heavy‐duty commercial vehicle volumes are down. The industry needs urgent help to come out of this situation. If such measures are not taken now, it may be difficult for the car companies to carry out operations. It is difficult to generate demand as interest rates and petrol prices continue to be high at a time when the customer sentiment is low." Fiat may not continue with Tata Motor’s dealers – Ravi G Bhatia, Vice President (Commercial), Fiat India Automobiles Ltd. “We are still working on concrete details. All I can say is that there is no obligation for us to retain the existing Tata Motors dealers (selling Fiat cars) even though we will continue to have a preference for them. If for some reason an existing Tata‐Fiat dealer does not meet the criteria we have set, then we will certainly not hesitate to change him.” Security clearance norms updated for port development projects – Mr. G.K. Vasan, Union Shipping Minister, “New guidelines have been issued to streamline security clearance proposals to remove bottlenecks in award of port development projects.”
Automotive and Transport – Monthly Update
Automotive: Transactions (Jul – Sep 2012)
Date
Buyer
Target
Size (INR mn)
% stake
Deal Status
Type of Transaction
21st Sep 2012
Innoventive Industries Limited
Innovative Technomics Private Limited
230
51%
Completed
M&A
9th Aug 2012
Standard Chartered Private Equity
Craftsman Automation Private Limited
850
NA
Completed
Private Equity
24th Jul 2012
Polaris Industries Inc.
Eicher Motors Limited
NA
50%
Completed
JV
13th Jul 2012
Tube Investments of India Limited
Shanthi Gears
4640
44.12%
Completed
M&A
Transport: Transactions (Jul – Sep 2012)
Date
Buyer
Target
Deal Size (INR mn)
% stake
Deal Status
Type of Transaction
26th Sep 2012
Everstone Capital
Realterm Global
5291.58
NA
NA
JV
Sikorsky
Tata Advanced Systems Limited (TASL)
N.A.
N.A.
N.A.
JV
Mediterranean Shipping Co. SA
Adani International Container Terminal Pvt. Ltd
N.A.
50%
Planned
JV
21st Aug 2012
19th Jul 2012
Automotive and Transport – Monthly Update
Automotive: Annual Financial Results – Revenue (INR mn) Companies
FY ‘09
FY ‘10
FY ‘11
FY ‘12
Apollo Tyres Limited
49,945.4
81,316.1
88,743.5
121,532.9
Balkrishna Industries Limited
13,998.6
15,637.3
21,920.9
N.A.
Ceat Limited
23,870.1
28,517.8
36,037.5
N.A.
Electrotherm India Limited
16,827.8
20,073.5
24,015.6
N.A.
Falcon Tyres Limited*
6,048.6
8,222.6
9,797.5
N.A.
Indag Rubber Limited
762.789
1,117.105
1,499.396
2,161.262
JK Tyres Limited
39,862.8
45,846.8
59,786.0
69,127.2
26.048
32.05
N.A.
N.A.
Kesoram Industries Limited
39,305.6
47,615.3
54,223.6
59,033.8
Mahindra & Mahindra Limited
269,197.6
316,879.2
370,254.4
582,414.0
862.47
4,036.718
660.889
N.A.
MRF Limited
56,924.9
74,750.8
97,645.5
N.A.
Tata Motors Limited
708,809.5
925,192.5
1,231,333.0
1,648,545.2
TVS Srichakra Limited
5,773.5
7,024.7
10,921.6
N.A.
Vamshi Rubber Limited
9.926
19.507
22.505
N.A.
Kabirdass Motor Company Limited
Modi Rubber Limited*
* Change in Financial Year Ending
Automotive and Transport – Monthly Update
Annual Financial Results – Income (INR mn) Companies
FY ‘09
FY ‘10
FY ‘11
FY ‘12
Apollo Tyres Limited
1,391.5
6,533.5
4,401.6
4,099.0
Balkrishna Industries Limited
744.0
2,190.4
1,946.3
N.A.
Ceat Limited
‐161.1
1,624.8
264.7
N.A.
Electrotherm India Limited
527.9
533.2
89.7
N.A.
Falcon Tyres Limited*
299.7
453.3
154.6
N.A.
Indag Rubber Limited
76.211
115.736
107.525
208.713
JK Tyres Limited
‐1,492.6
2,235.2
659.1
‐319.9
0.974
‐6.811
N.A.
N.A.
Kesoram Industries Limited
3,787.3
2,373.4
‐2,102.1
‐3,797.4
Mahindra & Mahindra Limited
14,054.1
24,785.6
30,797.3
31,266.6
Modi Rubber Limited*
554.057
‐212.616
364.59
N.A.
MRF Limited
2,507.8
3,575.0
6,187.7
N.A.
‐25,052.5
25,710.6
92,736.2
135,165.0
TVS Srichakra Limited
89.7
298.2
391.4
N.A.
Vamshi Rubber Limited
492.242
548.011
660.329
N.A.
Kabirdass Motor Company Limited
Tata Motors Limited
* Change in Financial Year Ending
Automotive and Transport – Monthly Update
Quarterly Financial Results – Revenue (INR mn) Companies
JulSep 2011
OctDec 2011
JanMar 2012
AprJun 2012
Apollo Tyres Limited
28,712.4
32,282.4
32,314.0
31,647.0
Balkrishna Industries Limited
N.A.
7,587.7
N.A,
N.A.
Ceat Limited
N.A.
10,654.4
N.A.
12,249.7
Electrotherm India Limited
N.A.
3,189.1
N.A.
N.A.
Falcon Tyres Limited
N.A.
N.A.
N.A.
N.A.
Indag Rubber Limited
540.7
576
565.5
589.0
JK Tyres Limited
N.A.
14,229.4
N.A.
N.A.
Kabirdass Motor Company Limited
N.A.
N.A.
N.A.
N.A.
Kesoram Industries Limited
12,683.9
15,529.8
15,483.4
N.A.
Mahindra & Mahindra Limited
152,504.3
164,883.9
136,485.1
176,708.1
Modi Rubber Limited
N.A.
N.A.
N.A.
N.A.
MRF Limited
N.A.
28,754.9
N.A.
N.A.
359,384.7
451,992.9
514,086.1
431,711.3
TVS Srichakra Limited
N.A.
3,494.5
N.A.
N.A.
Vamshi Rubber Limited
210.64
201
198.83
N.A.
Tata Motors Limited
Automotive and Transport – Monthly Update
Quarterly Financial Results – Income (INR mn) JulSep 2011
OctDec 2011
JanMar 2012
AprJun 2012
777.7
980.4
1,569.6
1380.2
Balkrishna Industries Limited
N.A.
728.8
N.A.
N.A.
Ceat Limited
N.A.
23.9
N.A.
290.1
Electrotherm India Limited
N.A.
‐1,323.9
N.A.
N.A.
Falcon Tyres Limited
N.A.
N.A.
N.A.
N.A.
Indag Rubber Limited
52.4
53.1
65
66.5
JK Tyres Limited
N.A.
‐213.1
N.A.
N.A.
Kabirdass Motor Company Limited
N.A.
N.A.
N.A.
N.A.
Kesoram Industries Limited
‐2,664.2
‐2,756.4
2,288.3
N.A.
Mahindra & Mahindra Limited
6,819.8
8,318
9,505.6
10,263.6
Modi Rubber Limited
N.A.
N.A.
N.A.
N.A.
MRF Limited
N.A.
1,128.9
N.A.
N.A.
18,773.3
34,055.5
62,340.0
22,449.1
TVS Srichakra Limited
N.A.
66.4
N.A.
N.A.
Vamshi Rubber Limited
3.610
0.350
5.348
N.A.
Companies Apollo Tyres Limited
Tata Motors Limited
Automotive and Transport – Monthly Update
Transport: Annual Financial Results – Revenue (INR mn) Companies
FY ‘09
FY ‘10
FY ‘11
FY ‘12
ABC India Ltd.
1,585.70
1,466.10
2,059.10
N.A.
ABG Shipyard Ltd.
14,130.00
18,124.40
21,369.00
24,238.30
Allcargo Logistics Ltd.*
20,609.30
28,613.40
33,963.00
35,396.40
Aqua Logistics Ltd.
2,134.00
3,220.10
3,808.80
3,683.00
Arshiya International Ltd.
5,033.80
5,258.90
8,215.20
10,467.50
Bharati Shipyard Ltd.
10,199.00
13,480.00
16,090.00
11,024.00
Blue Dart Express Ltd.
9,075.40
11,499.00
14,922.70
N.A.
66.455
48.855
42.362
N.A.
Chartered Logistics Ltd.
1,356.95
1,235.43
1,841.89
2,564.20
Chowgule Steamships Ltd.
2,376.32
910.927
839.649
856.97
Container Corporation of India Ltd.
34,524.00
37,306.00
38,924.70
40,609.50
Essar Ports Ltd.
25,830.80
30,077.70
13,919.30
11,088.10
Four Soft Ltd.
1,945.93
1,329.60
1,219.06
1,280.58
Gateway Distriparks Ltd.
4,520.00
5,180.40
6,024.60
8,214.50
Gati Ltd.
7,904.10
9,261.10
12,094.40
N.A.
Global Offshore Services Ltd.
1,632.25
2,124.12
1,968.17
2,335.70
Great Eastern Shipping Company Ltd.
41,239.30
30,755.10
25,850.30
29,342.50
Gujarat Pipavav Port Ltd.
2,207.10
2,839.30
3,967.70
N.A.
Mercator Ltd.
22,105.10
18,087.30
28,316.80
36,999.10
Seamec Ltd.
2685.86 *
3,247.21
1,023.76
1,817.70
Brahmanand Himghar Ltd.
Automotive and Transport – Monthly Update
Shreyas Shipping and Logistics Ltd.
2,840.61
1,539.87
1,886.91
2,704.90
Sical Logistics Ltd.
6,745.50
7,220.10
8,017.40
7,796.30
SKS Logistics Ltd.
328.291
294.24
442.25
227.78
The Shipping Corporation of India Ltd.
41,843.50
34,935.30
35,671.40
38,208.00
Transport Corporation of India Ltd.
13,512.60
15,225.10
18,530.20
19,537.50
Varun Shipping Co. Ltd.
9,146.60
6,852.30
4,946.70
3,149.90 *Change in financial year
Annual Financial Results – Income (INR mn) Companies
FY ‘09
FY ‘10
FY ‘11
FY ‘12
ABC India Ltd.
43.3
8
54.9
N.A.
ABG Shipyard Ltd.
1,711.60
2,181.20
2,047.10
1,856.70
Allcargo Logistics Ltd.
1,299.50
1,659.20
2,228.70
2,345.90
Aqua Logistics Ltd.
111.5
205.4
223.9
82.9
Arshiya International
656.2
983.1
820.1
1,176.40
Bharati Shipyard Ltd.
1,334.80
1,303.50
1,043.80
59.50
Blue Dart Express Ltd.
611.9
947
1,241.90
N.A.
Brahmanand Himghar
0.68
0.68
0.829
N.A.
Chartered Logistics Ltd.
15.85
40.26
78.21
61.2
Chowgule Steamships
1,175.67
766.64
276.93
‐1,058.55
Container Corporation India Ltd.
7,791.50
7,776.30
8,763.70
8,778.80
Automotive and Transport – Monthly Update
Essar Ports Ltd.
772
937.7
362.9
639.2
Four Soft Ltd.
447.25
76.65
30.942
‐426.38
Gateway Distriparks Ltd.
795.8
791.4
967.5
1,320.30
Gati Ltd.
‐186.6
95
141
N.A.
Global Offshore Services
411.49
412.2
222.24
256.1
Great Eastern Shipping Company Ltd.
14,178.30
5,127.60
4,687.00
3,165.50
Gujarat Pipavav Port Ltd.
‐1,163.90
‐547.2
571
N.A.
Mercator Ltd.
3,764.50
532.4
940
205.6
Seamec Ltd.
471.213
1,419.55
‐671.66
‐131.9
Shreyas Shipping and Logistics Ltd.
55.86
‐157.05
127.77
56.3
Sical Logistics Ltd.
180.1
‐356.3
‐80.3
139.9
SKS Logistics Ltd.
0.77
‐81.87
32.65
8.889
The Shipping Corporation of India Ltd.
9,406.70
3,769.10
5,673.50
‐4,282.10
Transport Corporation of India Ltd.
332.6
412.7
501.3
595.00
1,240.30
‐1,528.80
147.5
91.80
Varun Shipping Co. Ltd.
*Change in financial year
Quarterly Financial Results – Revenue (INR mn) Companies
JulSep 2011
OctDec 2011
JanMar 2012
AprJun 2012
ABC India Ltd.
623.2
623.2
585.1
NA
Automotive and Transport – Monthly Update
ABG Shipyard Ltd.
N.A.
6,192.90
NA
NA
8,115.90
9,983.10
NA*
9,751.90
921.7
1,630.10
786.4
773.10
2,453.90
2,688.90
3,204.40
3,418.40
Bharati Shipyard Ltd.
N.A.
3,249.60
NA
NA
Brahmanand Himghar Ltd.
N.A.
N.A.
2.65
4.28
575.211
N.A.
761.2
708.20
Chowgule Steamships Ltd.
60.7
N.A.
N.A.
N.A.
Container Corporation of India Ltd.
N.A.
10,462.50
N.A.
N.A.
Essar Ports Ltd.
9,816.50
88.6
2,883.10
3,245.00
Four Soft Limited
305.217
329.297
346.202
324.99
Gateway Distriparks Ltd
1,922.90
1,983.20
2,435.20
2,304.10
N.A.
2,360.90
N.A.
N.A.
529.25
620.93
684.60
693.70
6,787.60
7,513.90
8,435.20
8,024.20
924.8
1,347.60
925.80
849.10
7,811.60
1,501.60
10,195.00
10,952.00
N.A.
308.3
N.A.
N.A.
671.4
770.5
802.90
860.20
Sical Logistics Ltd.
1,963.20
1,799.70
1,984.20
1,751.20
SKS Logistics Ltd.
44.36
80.44
53.91
Allcargo Logistics Ltd. Aqua Logistics Ltd. Arshiya International Ltd.
Chartered Logistics Ltd.
Gati Ltd. Global Offshore Services Great Eastern Shipping Company Ltd. Gujarat Pipavav Port Ltd. Mercator Ltd. Seamec Ltd. Shreyas Shipping and Logistics Ltd.
Automotive and Transport – Monthly Update
The Shipping Corporation India Ltd. Transport Corporation of India Ltd. Varun Shipping Co. Ltd.
9,068.40
9,670.10
10,257.00
11,549.50
N.A.
4,643.70
N.A.
N.A.
725.1
789.6
803.60
647.00
Quarterly Financial Results – Income (INR mn) Companies
JulSep 2011
OctDec 2011
JanMar 2012
AprJun 2012
ABC India Ltd.
2.4
2.4
6.2
NA
ABG Shipyard Ltd.
N.A.
464.70
NA
NA
Allcargo Logistics
559
506.2
NA*
556
Aqua Logistics Ltd.
60.7
20.8
‐32.2
15
Arshiya International
318.5
344.5
308.7
346.2
Bharati Shipyard Ltd.
N.A.
16.2
NA
NA
Brahmanand Himghar
N.A.
N.A.
‐1.43
‐2.32
40.41
N.A.
‐22.5
40
Chowgule Steamships
8.2
N.A.
N.A.
N.A.
Container Corporation India Ltd.
N.A.
2,412.30
N.A.
N.A.
‐1,064.40
‐0.1
‐615.1
685.2
Four Soft Ltd.
6.944
27.856
‐477.346
27.647
Gateway Distriparks
335.5
331
320.2
352
N.A.
52.6
N.A.
N.A.
56.845
109.058
95.2
397.9
Chartered Logistics Ltd.
Essar Ports Ltd.
Gati Ltd. Global Offshore Services
Automotive and Transport – Monthly Update
Great Eastern Shipping Company Ltd.
273.1
287.1
391.9
1809.9
Gujarat Pipavav Port
132.2
270
140.8
157.3
Mercator Ltd.
66.8
‐192.5
‐243
170.7
Seamec Ltd.
N.A.
‐272.4
N.A.
N.A.
Shreyas Shipping and Logistics Ltd.
1.6
2.7
64.6
67.4
Sical Logistics Ltd.
41
25.8
68.4
13.7
SKS Logistics Ltd.
N.A.
0.656
7.858
3.934
‐1,406.00
741
‐3,558.50
‐548.7
N.A.
135
N.A.
N.A.
1,004.00
825
‐1,384.60
1,452.20
The Shipping Corporation India Ltd. Transport Corporation of India Ltd. Varun Shipping Co. Ltd.
Events Calendar Essentials of Warehouse Automation Date: 13th Oct 2012 Venue: The Orchid, Mumbai Organizer: Dr Manvi Goyal (Entrepreneur, Director, ThinkLink) Website: http://www.linkedin.com/osview/canvas?_ch_page_id =1&_ch_panel_id=1&_ch_app_id=2000&_applicationI d=2000&_ownerId=0&appParams=%7B%22event%22 Auto Ancillary Show 2012 Date: 18th – 21st Oct 2012 Venue: Auto Cluster Exhibition Centre Pune, Maharashtra, India Organizers: India Trade Promotion Organization Phone number: +91‐11‐23371540/23371822
India Warehousing and Logistics Show Date: 7th – 9th Dec 2012 Venue: H‐Block, Plot No. C‐181, Pimpri Chinchwad industrial area Auto Cluster Exhibition Centre Pune, India Organizer: Manch Communications Website: http://www.biztradeshows.com/india‐ warehousing‐and‐logistics‐show/
Automotive and Transport – Monthly Update
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Automotive and Transport – Monthly Update