Auckland International – Top Choice For Long-Term Value Investors? 

auckland international blog banner 1070x600 1
18th Nov,2022

Auckland international limited was incorporated in Kolkata, West Bengal on 30th September 1977 and started manufacturing of Jute Goods by amalgamating The Auckland Jute Company Limited with effect from 1st July, 1980. The amalgamating Company was established at the close of Nineteenth Century by Bird & Helgiers Ltd., one of the erstwhile British Managing Agency Houses of Kolkata. The Auckland Jute Company Limited, now restyled as Auckland International Limited. Auckland Jute Company Limited was amalgamated in the year 1980 with Auckland International Limited, a Company incorporated in the year 1977. The shares of the Company are listed with the Calcutta Stock Exchange Limited, Kolkata. The Company has well reputed and experienced Directors on Board and Officials, having immense knowledge about the Jute Industry. The Kankarias, well known to Jute having vast knowledge and experience in Jute & Jute Goods, took over the controlling powers from the Bird & Company Limited in the year 1969-70. The manufacturing Unit famously known as Auckland Jute Mills is situated about 35 km from the city of Kolkata, on the bank of Hooghly River in Jagatdal, North 24 Parganas in the State of West Bengal.

auckland international blog image 4

Auckland International Ltd. manufacturer’s Odourless Tea bag cloth, hessian, canvas cloth, double wrap tarpaulin cloth and Sacking A twill bags for sugar packing and B twill for other food grain packings.  The goods manufactured by the Company are well recognizable in Indian as well abroad markets. The Company manufactures Hessian, Odourless Tea Bag Cloth, Double Warp Tarpaulin Cloth, Canvas Cloth and Sacking A Twill Bags for Sugar packing & B Twill for other food grain packing. In addition to conventional products the Company is also producing innovative products like Scrim Cloth, Felt and A Type Bags for food grain also.

Currently the Jute mill of the company has the rated capacity of 100 (TPD) tonnes per day, out of which 30% is quality hessian fabrics and the remaining 70% sacking including D.W. Canvas and D.W. Tarpaulins. The company has thus installed rooftop solar panels in Auckland Jute Mills. The solar power generated is used for manufacturing in the mills. Thus, the company is also striving for higher progress in the coming years and has taken plans for upkeep of old machineries as well as installed new machineries.  

First in the State of West Bengal, the Company has installed Roof top panels for Solar Power generating plant in Auckland Jute Mills and successfully commissioned the first phase of 250 Kwh generation systems. The Power generated from the plant will be captive consumed for manufacturing in the Mills. The production process is being taken care of by well-established Managers’ supported by other Staff Members in the field of various stages of production. The Company always maintains cordial relationships with the employees of all categories.

Auckland International Ltd.is registered in 2013, Auckland International Ltd. has made a name for itself in the list of top suppliers in India. The supplier company is located in Kolkata, West Bengal and is one of the leading sellers of listed products. Auckland International Ltd. is listed in Trade India’s list of verified sellers offering supreme quality etc. The Board of Directors of Auckland International Limited shall adhere to the practices and procedures detailed in this Code of practices and procedures for fair disclosures of unpublished price sensitive information which is in compliance with Regulation 8(1) of SEBI (Prohibition of Insider Trading) regulations, 2015 read with Schedule A of the Regulations. This code was adopted by the Board at its meeting held on 30th May, 2015, in order to ensure fair disclosure of events and occurrences that could potentially impact the price of listed securities of the Company in the market.

COMPANY NAME

AUCKLAND INTERNATIONAL LTD.

Total available shares

4106820

ISIN No.

INE: 907C01022

Face Value

Rs. 10 per Equity share

Market Capitalisation

Rs. 57.50 crores

Lot size and Last traded price

100 and 140

auckland international blog image 1
auckland international blog image 2
PERFORMANCE OF THE COMPANY:

 

  • Revenue from the operations of the company increased by 7.25% from Rs. 16,407.89 lakhs in FY 2020 to Rs. 17,596.71 lakhs in FY 2021.
  • EBITDA of the company increased significantly by 68.10% from Rs. 486.94 lakhs in FY 2020 to Rs. 818.53 lakhs in FY 2021. EBITDA margins increased from 2.97% in FY 2020 to 4.65% in FY 2021.
  • Profit after tax of the company increased by 70.26% from Rs. 344.33 lakhs in FY 2020 to Rs. 586.24 lakhs in FY 2021.
  • Current assets of the company as of 31st March 2020 was 1.99
  • Book value per equity share of the company as of 31st March 2020 was Rs. 108.44 (Click here to know the latest price of unlisted shares of Auckland International Ltd)
  • The company has not given any dividend from the past three years. 



auckland international blog image 3
INDUSTRY OUTLOOK:

 

India Ranks first in Jute production in the world. The Jute industry occupies an important place in the national economy of India. In India, Jute is mainly grown in Odisha, West Bengal, Assam, Tripura, Meghalaya and Andhra Pradesh. There are about 170 jute mills in India of which West Bengal has over 60 jute mills. Jute industry of India is a labour intensive industry and provides employment to around 4 lakhs workers in India. Moreover, Jute is the 2nd most abundant natural fibre in the world. Jute is used for handicrafts, carpet backings, curtains, sandals, carry bags, furniture, insulation, ropes and many more.

During the present operating cycle, the demand of “B” twill bags from the government procurement agencies continued to be decent; in fact, Jute industry could not fulfil the demand on several occasions as per the delivery schedule mainly because of bunching of orders by the procurement agencies and lower capacity utilisation resulting from shortage of manpower. 

The demand of “B” Twill bags from the government agencies for packaging of food grains is estimated to be strong consequently there is an opportunity for the Jute Industry to enhance the production as much as possible and fulfil the demand. With the signing of the Tripartite agreement, minimum wages have increased significantly from Rs. 257 to Rs. 370 per day. Due to the introduction of an attendance allowance, the hike in wages is likely to help in better availability of workforce in the coming year. 

For any questions related to investment in Auckland International Ltd unlisted shares, let us know in the comments below.

Read our Other Blogs:

 

Investing In This Beer Company Won’t Give You A Hangover

 

Why are Unlisted shares more safe to invest

Leave a Comment

Your email address will not be published. Required fields are marked *

1