Public Sector Enterprise.

Class:- XII.
Table of Contents

Public Sector
Enterprise
03
Andrew Yule & Company
Limited
..04
Companys
Profile
.06
o Objective of the
Study
.09
o Performance Highlights
Key & Turnover
Ratios
.10
Profit &
Loss
.11
Balance
Sheet
.12
Share Price
Performance
14
Relative
Valuation
15
o Future
Prospects
.17
o Competition
18
o Top
Assets
19
o Capital Structure.

20

2
 o Raw
Materials
21
o Finished
Goods
.22
o Listing
Details
.23

Conclusion
..24
Bibliography
..25

3
 Public Sector Enterprise
Traditionally, business activities were left mainly to individual and private organisations,
and the government was taking care of only the essential services such as railways,
electricity supply, postal services etc. But, it was observed that private sector did not take
interest in areas where the gestation period was long, investment was heavy and the profit
margin was low; such as machine building, infrastructure, oil exploration, etc. Not only that,
industries were also concentrated in some regions that had certain natural advantages like
availability of raw materials, skilled labour, nearness to market. This led to regional
imbalances. Hence, the government while regulating the business activities of private
enterprises went in for direct participation in business and set up public enterprises in areas
like coal industry, oil industry, machine building, steel manufacturing, finance and banking,
insurance etc. These units are not only owned by central, state or local government but also
managed and controlled by them and are termed as Public Sector Enterprises.

4
 Andrew Yule & Company Limited.

Andrew Yule & Company Limited is engaged in tea, electrical and

engineering business. The Company operates through four segments: Engineering,
Electrical, Tea and Printing. The Engineering segment offers industrial fans; air pollution
and water pollution control equipment, and turnkey projects. The Electrical segment
includes high tension (HT) and low tension (LT) switchgear, transformers, relay and
contactors, and turnkey projects on power distribution. The Tea segment is engaged in tea
growing and manufacturing. The Printing segment is involved in printing of books,
periodicals and publicity materials. Its Switchgear & Brentford Unit is located at Kolkata
Transformer & Switchgear Unit at Chennai. The Company has approximately five tea
estates in West Bengal, including Mim Tea Estate at Darjeeling, and Karbala, Banarhat,
Choonabhutti and New Dooars tea estates at Dooars, and over 10 tea estates in Assam,
including Khowang, Bhamun, Hoolungoorie, Murphulani and Bogijan tea estates.
History of Andrew Yule is not only about its business empire but also about the immense
contributions it made towards socio-economic and industrial development of the country. It
all started in 1863 when Andrew Yule, a young entrepreneur from Scotland arrived in
Calcutta, the then imperial capital of India and founded the Company as a managing agency
at a time when the railways, telegraph and postal services made a beginning in the country.
By 1875 the Company established substantial business interest in jute, tea, cotton, coal and
insurance.

George Yule, the elder brother of Andrew Yule, took the reign of the Company in 1875. He
was a typical exponent of liberal school of thought and took a leading part in public affairs.
He became the Sheriff of Calcutta in 1886 and was elected the President of Indian National
Congress in 1888, one of the only two Europeans who have the said honour.

Sir David Yule assumed the full control of the business of the Company after George Yules
death and by 1902 the Company managed more than 30 businesses which included Jute
Mills, Cotton Mills, Tea Companies, Coal Companies, Railway Company, Printing Press
and even a Zamindari Company in Midnapur District of West Bengal where the Company
promoted agriculture, forestry, fisheries, roads, schools, hospitals and dispensaries.

The elegant Yule House at 8 Clive Row, Calcutta, the corporate centre of the Andrew Yule
Group since 1907 was built by David Yule. David Yule was conferred with Knighthood in
1912 when King George V and Queen Mary visited India. He was the only non-official to
be honoured for providing food and employment to more than 2, 00,000 people.

Sir David Yule continued to expand the business to power, paper, engineering, shipping and
so on and by In 1913 Andrew Yule was the largest managing agency house in the country
with 37 companies under its hold. In 1919, the goodwill and business of Andrew Yule was
sold to a new Private Limited Company namely Andrew Yule Company Pvt. Ltd. and
5
subsequently in 1946 it was converted into a Public Limited Company.

At the time of independence in 1947, the Company was at the zenith of its prosperity and
influence. The Group managed about 57 Companies, provided employment to about 86
thousand people and in addition indirect employment to many more. The turnover of the
Group in 1947 was Rs.23 billion, but what is more remarkable that the amount paid to the
exchequer of Rs.1.80 billion was one sixtieth of Governments total current revenue at that
time.

Andrew Yule celebrated its centenary year in 1963. However, post-1963 era had been a
period of dramatic change both in structural fabric and fortunes of the Company. Managing
agency system was abolished in 1969, coal and insurance were nationalized, jute business
was sold in early 70s and the Group shrunk considerably. There was great deal of
uncertainty about the future of the Company. It was in this background that the Government
of India decided to acquire its 49% foreign shareholdings to provide stability to the
organization. Government subsequently acquired another 2% from the market and thus,
Andrew Yule & Co. Ltd. became a public sector enterprise in 1979.

The present business of the Andrew Yule Group includes Tea, Electrical, Engineering,
Lubricant, Printing, Digital Communication etc. Various changes in the economic situation
as well as socio-economic conditions for 150 years could never dampen the tradition and
heritage of the Company and its business growth. The Company always had the resilience to
withstand the vicissitudes and the test of time. The recent example was the remarkable
turnaround by the Company in 2007 for which it received the SCOPE Excellence Award for
the turnaround category. Today, the Andrew Yule Group has a turnover of Rs.1200 billion
and it employs about 16,500 people.

6
 Companys Profile
Establishment Founded in 1863 and incorporated as Private Limited in 1919. The
Company was converted into Public Limited Company in 1948 and became
a Central Public Sector Enterprise (Schedule B Company) in 1979 with the
acquisition of 49% equity share in 1974 and 2% in 1979 by Government of
India.

Shareholding Pattern Govt. of India 93.30%, Financial Institutions 1.70% and the balance 5.00%
is widely held by Public, Bodies Corporate etc.

Head Quarter Kolkata, West Bengal, India.

Parent Company Andrew Yule & Co Ltd.

(A Public Sector Company under the Ministry of Heavy Industries & Public
Enterprises).

Associate Companies Tide Water Oil Co. (India) Ltd. (www.tidewaterindia.com)

Webfil Limited (www.webfilindia.com)
Yule Financing & Leasing Company

Subsidiary Company Hooghly Printing Company Ltd. (www.hooghlyprinting.com)

Manufacturing Setup 30 Nos.

Regional Offices New Delhi & Chennai

Marketing All India Sales & Distribution Network

A. Electrical Division:

Unit Location Major Products

Manufactured

Switchgear Unit 14, Mayurbhanj Road, HT Switchgears, LT Control

Kolkata- 700 023 Gears, e.g. Contractors,
MCCB, MCC, ETC., SF6
Capacitor Switches, Vacuum
Auto Reclosures.

7
 Brentford Unit P-25, Transport Depot Road, Power Voltage Regulators up
Kolkata- 700 088 to 7.5 MVA & Power
Transformers up to 2.5 MVA.

Transformer & 5/346, Old Mahabalipuram Road, Power & Distribution

Switchgear Unit Perungudi, Chennai- 600 096 Transformer.

Turnover: Rs. 110 billion.

B. Engineering Division:

Unit Location Major Products

Manufactured

Kalyani Works 16A & B, Block D, Industrial Fans & Blowers, Air
Kalyani - 741235 Pollution Control Equipments.

Turnover: Rs. 34 billion.

8
C. Tea Division:

Unit/Garden Location Major Products

Manufactured

7 gardens at Assam Near / at Moran, Lahoal, Bulk Tea.

including 2 Out gardens Naharkatia, Tinkong, Rajgarh,
situated viz. Khowang, Mariani & Golaghat.
Desam, Basmatia,
Tinkong, Rajgarh,
Hoolungoore &
Murphulani TEs

Unit/Garden Location Major Products

Manufactured
4 gardens at Dooars (WB) Near / at Karballa, Banarhat, Bulk Tea.
and 1 garden at Darjeeling Choonabhatti, New Dooars &
Mim

Turnover: Rs. 180 billion.

Objective of the Study

The objective of this project is to assess the performance of the public sector enterprise
Andrew Yule & Company Limited; with a view to ascertain its importance for the Indian
economy and its future growth prospects.

9
 Key Ratios Mar Mar Mar Mar Mar
2016 2015 2014 2013 2012
Debt-Equity Ratio 0.37 0.43 0.72 1.26 1.65
Long Term Debt-Equity 0.10 0.18 0.34 0.59 0.93
Ratio
Current Ratio 1.20 1.24 1.18 1.07 1.08

Turnover Ratios
Fixed Assets 2.36 2.48 2.69 2.33 2.31
Inventory 8.75 9.42 10.73 9.78 8.96
Debtors 3.62 3.73 3.98 3.76 5.12
Interest Cover Ratio 1.96 2.25 3.11 2.19 1.59
PBIDTM (%) 6.71 8.14 10.67 9.14 9.85
PBITM (%) 4.95 6.45 9.47 7.70 8.40
PBDTM (%) 4.19 5.28 7.62 5.63 4.56
CPM (%) 3.92 5.03 6.82 4.82 4.51
APATM (%) 2.16 3.34 5.62 3.38 3.06
ROCE (%) 5.37 7.62 13.07 9.70 11.10
RONW (%) 3.37 5.89 13.77 10.07 11.24
Performance Highlights
Key & Turnover Ratios:

10
 Profit & Loss:

Rs. in Cr. Mar Mar Mar Mar Mar

2016 2015 2014 2013 2012
INCOME :
Sales Turnover 393.46 389.74 398.11 333.88 319.47
Other Income 30.76 46.11 10.83 10.57 14.36
Stock Adjustments 4.28 3.60 3.82 -2.12 -5.16
Total Income 428.50 439.45 412.76 342.33 328.67

EXPENDITURE :
Raw Materials 134.67 154.42 115.08 87.41 117.42
Excise Duty 15.97 16.62 14.37 12.03 11.26
Power and Fuel Cost 27.13 25.25 23.83 22.26 16.75
Other Manufacturing Expenses 23.73 20.08 43.12 33.34 12.91
Employee Cost 158.21 141.50 130.46 124.77 103.06
Selling and Administration Expenses 18.55 19.22 26.56 22.86 19.18
Miscellaneous Expenses 23.82 30.61 16.86 11.84 14.03
Less: Preoperative Expenditure Capitalised 0.00 0.00 0.00 2.70 0.03

Profit before Interest, Depreciation and Tax 26.42 31.74 42.48 30.53 34.09
Interest and Financial Charges 9.92 11.16 12.13 11.74 16.92
Profit before Depreciation and Tax 16.50 20.58 30.35 18.79 17.17
Depreciation 6.94 6.60 4.78 4.82 4.64
Minority Interest before PAT 0.00 0.00 0.00 0.00 0.00
Profit Before Tax 9.56 13.99 25.57 13.96 12.53
Tax 1.08 0.97 3.18 2.68 0.22
Profit After Tax 8.48 13.02 22.39 11.28 12.31
Minority Interest after PAT 0.00 0.00 0.00 0.00 0.00
Profit/Loss of Associate Company 12.67 33.11 12.77 13.15 13.35
Profit after Minority Interest and P/L of Assoc. 21.15 46.14 35.16 24.43 25.66
Co.

Adjustment below Net Profit 0.00 -1.86 11.06 -1.89 -1.89

P and L Balance brought forward 133.85 95.24 54.02 29.60 3.10
Appropriations 0.00 4.00 5.00 0.00 -0.85
P and L Bal. carried down 155.00 135.52 95.24 52.14 27.71

Equity Dividend 0.00 3.34 0.00 0.00 0.00

Preference Dividend 0.00 0.00 0.00 0.00 0.00
Corporate Dividend Tax 0.00 0.67 0.00 0.00 0.00
Equity Dividend (%) 0.00 5.00 0.00 0.00 0.00

Earning Per Share (Rs.) 0.63 1.36 1.08 0.75 0.79

Book Value 7.00 6.37 5.24 3.77 3.01

11
Extraordinary Items -0.37 0.00 -0.24 -0.03 2.55

12
C.
Rs. in Cr. Mar Mar Mar Mar Mar
2016 2015 2014 2013 2012
SOURCES OF FUNDS :

Share Capital 66.73 66.73 65.23 65.23 65.23

Reserves and Surplus 298.76 277.74 239.01 162.45 137.84
Total Shareholders Funds 365.49 344.47 304.24 227.68 203.07

Secured Loans 88.50 97.62 87.20 88.28 94.01

Unsecured Loans 17.06 19.89 13.34 62.90 60.55
Total Debt 105.56 117.51 100.54 151.18 154.56
Minority Interest 0.00 0.00 0.00 0.00 0.00

Total Liabilities 471.05 461.98 404.78 378.86 357.63

APPLICATION OF FUNDS :

Gross Block 274.91 265.59 255.10 247.67 245.59

Less: Accum. Depreciation 89.09 82.52 74.41 70.66 67.73
Net Block 185.82 183.07 180.69 177.01 177.86
Capital Work in Progress 0.92 4.71 5.79 5.25 3.33

Investments 143.45 130.57 97.40 84.91 71.74

Current Assets, Loans and

Advances
Inventories 47.08 42.83 39.94 34.27 34.04
Sundry Debtors 108.98 108.66 100.54 99.47 78.10
Cash and Bank Balance 82.22 89.31 95.27 90.79 102.62
Loans and Advances 72.54 72.13 56.15 52.18 48.51
Less: Current Liab. and Prov.
Current Liabilities 160.53 153.71 156.92 153.77 149.94
Provisions 9.43 15.62 14.08 11.26 8.63

Net Current Assets 140.86 143.60 120.90 111.68 104.70

Miscellaneous Expenses not w/o 0.00 0.00 0.00 0.00 0.00

Total Assets 471.05 461.95 404.78 378.85 357.63

Contingent Liabilities 130.00 117.23 0.00 105.07 144.27

Balance Sheet:

13
Andrew Yule & Co. Ltd. has shown excellent performance overall, both over the last one
year as well as over the last month. In fact, Andrew Yule & Co. Ltd.s price momentum over
the last month, at 40.16% has been better than that over the last year, which was 16.09%.
Also from a peer group perspective, Andrew Yule & Co. Ltd. has performed better, since the
peer group performance was 6.71% over the last month.

Considering peers, relative outperformance over the last year and

the last month suggest a leading position.

Andrew Yule & Co. Ltd. currently trades at a higher Price/Book ratio
(2.83) than its peer median (2.27).

526173-IN is classified as Harvesting because of the markets

relatively low growth expectations despite its relatively high returns.

526173-IN has relatively high profit margins while operating with

median asset turns.

The companys year-on-year change in revenues and earnings are

better than the median among its peer group.

526173-INs return on assets currently and over the past five years
suggest that its relatively high operating returns are sustainable.

The companys relatively high pre-tax margin suggests tight control

on operating costs versus peers.

While 526173-INs revenues growth in recent years has been around

the peer median, the stocks below peer median P/E ratio suggests
that the market likely sees the companys long-term growth
prospects to be fading.

The companys level of capital investment suggests it might be

under-investing in a business with above median returns.

526173-INs operating performance may not allow it to raise

additional debt.

Engineering Division has developed design of mine ventilation fans. The fan has
been successfully developed and performance testing has been completed. The
product has to be subjected to filed trails and the due approval process will be taken
up this year which will result in commercialization of the product.

14
 Share Price Performance:
Considering peers, relative outperformance over the last year and the last month suggest
a leading position.

526173-INs share price performance of 16.09% over the last 12 months is above peer
median of 10.38%. The 30-day trend in its share price performance of 40.16% is also
above the peer median of 6.71% suggesting that this company is a leading performer
relative to its peers.

15
 Relative Valuation:

16
Andrew Yule & Co. Ltd.s price of INR 26.70 is greater than CapitalCubes implied price of
INR 22.21. At this level, CapitalCube believes that Andrew Yule & Co. Ltd. is overvalued.
Over the last 52 week period, the stock has fluctuated between INR 17.60 and INR 33.

17
 Future Prospects.

1. Andrew Yule & Co. Ltd is planning to invest Rs600 million in the next two years in its
tea, engineering and electrical businesses.
2. There is a scope for investing in Yule Electrical Ltd and Yule Engineering Ltd, the
other two verticals of the company.
3. The company expects these investments would generate an additional revenue of more
than Rs800 million by the end of FY11.
4. The company is in the process of preparing a master plan regarding its future business
plans which they would submit to the government, but in next two years, after all these
investments fructifies, the companys total revenue would grow to Rs2.5 billion from
Rs1.79 billion reported in previous financial year.
5. Andrew Yule and Company Limited (AYCL) is considering outright purchase of a
full-fledged transformer manufacturing plant near Chennai as part of its plans to grow
its electricals business.
6. The company, which has a strong tea business portfolio, is considering to grow its
engineering business segment. The company's growth in the future will come through the
engineering segment. The tea business is faced with many challenges.

7. The tea business contributed Rs.188.41 billion to AYCL's revenue in the last fiscal
year

8. The Company has earlier formulated Energy Management Policy .

9. New energy efficient Gas Based Generator has been installed and old higher
consumption generator has been replaced.

10. In order to reduce fuel consumption and efficiency of Head Treatment Furnace
linings have been changed along with automatic control devices.

11. Old higher fuel consumption diesel generator has been replaced by new generator to
reduce fuel consumption.

12. The Small Wind 3 K.W. Electric Generator has been commissioned and connected to
the internal electrical system to meet part of energy requirement of Administrative
Building.

13. The fuel cost of the respective divisions has resulted in cost savings.

14. The Engineering Division will focus on getting approval and commercialization of
the ventilation fan which has been developed.

18
 Name Last Price Market Cap. Sales Net Profit Total Assets
(Rs. cr.) Turnover
Adani Enterpris 93.80 10,316.22 8,148.86 496.33 9,592.32
MMTC Ltd 63.80 6,380.00 12,503.43 54.86 1,649.76
Swan Energy 150.05 3,318.81 319.32 0.59 570.42
PTC India 86.30 2,554.55 12,798.72 233.61 2,789.88
Sical Logistics 241.20 1,341.11 591.67 18.48 1,071.77
STC India 157.15 942.90 10,825.68 17.86 2,496.23
Ind Motor Parts 760.75 632.91 501.83 26.71 245.00
V2 Retail 186.70 539.33 319.94 12.17 339.16
Uniphos Ent 69.15 480.91 -- 11.80 283.44
Control Print 265.60 416.26 134.52 26.45 135.13
High Ground Ent 33.30 383.34 248.03 14.13 126.16
Jindal Worldwid 184.05 369.06 1,009.06 40.27 522.18
UB Holdings 27.50 183.75 371.81 -45.13 1,282.24
Kothari Petro 22.35 131.52 213.59 9.18 84.63
Sicagen India 25.85 102.29 450.86 7.20 464.74
Sakuma Exports 61.45 100.94 1,798.29 13.07 224.80
Farmax India 0.15 8.01 16.70 -9.78 33.11
JIK Industries 0.75 5.45 0.51 -12.53 -70.50
Khaitan 11.00 5.23 9.12 -7.56 93.32
Surana Corp 1.40 3.41 1,196.32 -299.65 790.66
Andrew Yule 24.30 1,188.15 368.03 8.35 286.49
15. The Electrical Division will take up development of five star rating transformers in
the financial year 2017-18.

Competition

19
 Top Assets.

Company
Name Last Price % Chg Gross CWIP Total
Block Net
Assets
Block

Adani 93.70 -0.64 1,234.58 1,083.29 851.15 9,372.56

Enterpris
PTC India 86.15 0.88 64.21 24.62 0.00 2,789.83

Ushdev Intl 17.10 4.59 180.31 120.65 0.00 2,293.87

STC India 157.75 -1.07 1,022.60 945.30 0.48 1,380.62
MMTC Ltd 63.80 -0.78 205.53 56.70 0.75 1,292.45
Sical Logistics 241.55 -3.26 369.08 205.24 0.07 934.56
Swan Energy 150.25 -2.44 113.81 87.60 0.00 560.33
Jindal Worldwid 182.25 1.84 462.46 336.73 0.00 521.32
Sicagen India 25.75 0.39 52.28 27.49 2.16 436.48
V2 Retail 186.20 2.06 38.23 28.96 3.93 334.82
Surana Corp 1.25 -4.58 142.75 54.47 0.00 327.56
Uniphos Ent 69.05 -0.36 173.94 173.94 0.00 283.43
Andrew Yule 24.30 1.89 266.75 183.41 0.88 270.78
Ind Motor Parts 760.70 -0.04 20.40 10.84 0.00 244.94
Sakuma Exports 61.15 -0.33 10.51 3.08 0.00 223.45
Paul Merchants 3,100.00 0.98 64.44 50.28 1.04 157.01
Competent Auto 174.90 -0.63 82.87 42.74 12.42 156.50
Lahoti Over 21.65 0.46 44.59 25.26 0.00 147.67
Shaily Engg 509.80 -4.83 170.76 97.29 0.37 140.56
Control Print 267.05 1.85 50.30 38.28 4.86 135.12
High Ground Ent 32.55 -3.41 8.73 6.43 0.00 116.60
Cravatex 205.00 2.58 38.41 27.05 0.00 98.91
Khaitan 13.51 4.97 82.50 59.43 0.00 90.38
Gayatri Bio 16.93 0.18 99.90 45.70 6.01 87.20
Dhoot Ind Fin 37.00 0.82 20.05 10.82 0.71 86.17
Amrapali Ind 3.88 -1.02 40.42 35.64 0.00 77.16
WH Brady 153.10 -1.86 68.40 36.75 0.00 66.76
Singer India 200.00 -1.94 26.54 11.84 0.49 47.45
Deccan Gold 44.90 -0.44 0.32 0.04 0.00 44.93
Maximaa Systems 8.43 -1.98 19.37 15.61 0.00 38.27
Vaarad Ventures 14.95 -3.55 0.78 0.10 0.00 34.93
Farmax India 0.12 0.00 36.38 19.46 0.00 32.25
Sat Ind 27.05 -3.05 1.68 1.60 0.00 26.90
Catvision 20.45 -3.54 7.44 3.51 0.00 24.32
Newever Trade 1.97 19.39 0.17 0.04 0.00 24.11
Best Steel 97.55 0.57 15.04 15.03 0.00 18.79
Anar Industries 100.90 -0.39 4.09 2.83 19.69 15.85
Thacker 236.00 0.00 3.90 3.32 0.00 15.68
Mishka Exim 32.95 1.38 3.49 3.36 0.00 13.81

20
Chandra Prabhu 23.00 -1.92 2.01 0.54 0.00 12.22
Bombay Cycle 1,502.00 -3.88 2.10 0.62 0.00 11.56
Nirav Comm 264.00 4.97 1.52 0.29 0.00 10.50
Ficom Industrie 36.15 -2.03 1.13 0.44 0.00 7.80
Adinath Exim 19.00 -2.81 0.19 0.01 0.00 7.22
SPS Intl 4.30 -2.05 6.12 2.48 0.00 5.54
Dwitiya Trading 289.00 -1.92 0.06 0.06 0.00 5.29
Dune Mercantile 4.54 0.00 0.00 0.00 0.00 5.04
Divinus Fabrics 224.00 -1.80 0.00 0.00 0.00 5.03
SVC Resources 1.20 0.00 0.14 0.14 0.00 4.40

Capital Structure (Andrew Yule and Company)

Period Instrume Author- Issued - PAI D U P-

nt ized Capital
Capital
From To (Rs. cr) (Rs. cr) Shares Face Capital
(nos) Value
2015 2016 Equity 110 66.73 33363847 2 66.73
Share 8
2014 2015 Equity Share 75 66.73 333638478 2 66.73
2013 2014 Equity Share 75 65.23 326138478 2 65.23
2012 2013 Equity Share 75 65.23 326138478 2 65.23
2011 2012 Equity Share 75 65.23 326138478 2 65.23
2010 2011 Equity Share 75 63.73 318638478 2 63.73
2009 2010 Equity Share 75 59.27 296328478 2 59.27
2008 2009 Equity Share 75 59.27 296328478 2 59.27
2007 2008 Equity Share 75 56.74 283718478 2 56.74
2006 2007 Equity Share 75 58.27 58267078 10 58.27
2005 2006 Equity Share 75 58.27 58267078 10 58.27
2004 2005 Equity Share 75 58.27 58267078 10 58.27
2003 2004 Equity Share 75 58.27 58267078 10 58.27
2002 2003 Equity Share 75 53.96 53962078 10 53.96
2001 2002 Equity Share 75 51.06 51062078 10 51.06
2000 2001 Equity Share 75 50.06 50062078 10 50.06
1999 2000 Equity Share 75 50.06 50062078 10 50.06
1998 1999 Equity Share 75 22.25 22252078 10 22.25
1997 1998 Equity Share 75 22.25 22252078 10 22.25
21
1996 1997 Equity Share 19.11 10.57 10572078 10 10.57
1994 1996 Equity Share 19.11 10.57 10572078 10 10.57
1993 1994 Equity Share 19.11 10.57 10572078 10 10.57
1992 1993 Equity Share 19.11 10.57 10572078 10 10.57
1991 1992 Equity Share 19.11 10.57 10572078 10 10.57
1990 1991 Equity Share 19.11 10.57 10572078 10 10.57
1989 1990 Equity Share 19.11 10.57 10572078 10 10.57
1987 1989 Equity Share 19.11 9.41 9414478 10 9.41
1983 1987 Equity Share 9.23 7.53 7531764 10 7.53
1982 1983 Equity Share 9.23 7.18 7182834 10 7.18
1976 1982 Equity Share 4.23 2 2000000 10 2
1968 1976 Equity Share 2.5 2 2000000 10 2
1967 1968 Equity Share 2.5 1.6 1600000 10 1.6
1964 1967 Equity Share 1.5 0.9 90000 100 0.9

22
 Raw Materials ------------------- in Rs. Cr. ------------------- Mar 2016
Product Name Unit Quantity Value % of RM cost
to Total Cost
Others Not Reported NA 60.81 46.27
Distribution Not Reported NA 31.46 23.94
Transformers
Copper Not Reported NA 13.60 10.35
Green Leaf Not Reported NA 12.75 9.70
Shifters
Steel Not Reported NA 7.76 5.90
Oils & Chemicals Not Reported NA 5.03 3.83

Total 131.42
Raw Materials.

23
 Finished Goods.

Finished Products --------------------------- in Rs. Cr. ---------------------- Mar 2016

Product Name Unit Installed Production Sales Sales % of Sales
Capacity Quantity Quantity Value to Total
Sales
Packet Tea - NA NA NA 212.26 59.03
Transformers - NA NA NA 98.22 27.32
Others - NA NA NA 17.04 4.74
Industrial Fans - NA NA NA 12.98 3.61
Spares/Equipments - NA NA NA 10.68 2.97
Sale of services - NA NA NA 4.51 1.25
Other Operating Revenue - NA NA NA 1.95 0.54
LT/HT Power Capacitors - NA NA NA 1.92 0.53
Scrap - NA NA NA 0.00 -
Finished Goods - NA NA NA 0.00 -

Total 35.55

24
Listing Details - Andrew Yule and Company

Key Dates

Year Ending Month March

AGM Date (Month) September
Book Closure Date (Month) September

Listing Information
Face Value Of Equity Shares 2
Market Lot Of Equity Shares 1
BSE Code 526173
NSE Code 0
BSE Group N.A.

Whether The Company Forms A Part Of The Following Indices -

Sensex No
Nifty No
BSE-100 No
BSE-200 No
S&P CNX 500 No
CNX Midcap No
CNX FMCG Yes

Listing On

Listed On The Stock Exchange, Mumbai, National

Stock Exchange of India Ltd.

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 Conclussion.

The aim of this project was to assess the performance of the public sector enterprise,
Andrew Yule & Company Limited; with a view to ascertain its importance for the Indian
economy and its future growth prospects.

The performance of Andrew Yule & Company was assessed.

I learned the importance of this company for the Indian Economy.
The future growth prospects were also ascertained.
The aim of this study was successfully achieved.

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Bibliography
(n.d.). Retrieved from http://www.monash.edu.au/lls/llonline/writing/engineering/technical-report/6.xml

(n.d.). Retrieved from http://www.andrewyule.com

(n.d.). Retrieved from http://www.economictimes.indiatimes.com Markets Stocks Stock Price Quotes

(n.d.). Retrieved from www.andrewyule.com/financial_performance.php

(n.d.). Retrieved from www.hdfcsec.com/company/Andrew-Yule-And-Company-Ltd.html

Sethi, D. (2018). ISC Economics- XII. Frank.

X
Internal.

X
External.

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