Itl Industries Limited

ITL is promoted by Mr. Manohar Singh Jain, Director, who has business experience of more than five decades. He is assisted by his two sons, Mr. Rajendra Singh Jain, Managing Director and Mr. Mahendra Singh Jain, Joint Managing Director, who looks after the overall management of the company. The board of directors also includes three independent directors who also have rich experience in the engineering industry. The top management is assisted by

The entire spectrum of the revenue of ITL is well diversified and gets generated from various sources which reduce dependence of income on any solitary source. The company manufactures various types of machines as well as tools. Further, ITL is also an authorized distributor of EATON Fluid Power Corp. for Hydraulic Equipment's & Components for the State of Madhya Pradesh, Rajasthan, New Delhi and Punjab. During FY17, it has generated 74.00% (77.55% of gross sales

During FY18, TOI of the company has improved by 19.57% over FY17 and stood at Rs. 83.83 crore mainly on account of increase in sales of manufactured products. Further, profitability margins of the company stood comfortable as reflected by PBILDT and PAT margins of 10.59% and 6.12% respectively in FY18. During FY18, PBILDT margin of the company has dipped by 36 bps over FY17. Despite decline in PBILDT margin, PAT margin has improved by 79 bps in FY18 over last financial year owing to decrease in

The capital structure of the company stood comfortable with an overall gearing of 0.35 times as on March 31, 2018, improved from 0.47 times as on March 31, 2017 owing to decline in total debt as on balance sheet date and accretion of profit to reserves. Further, the debt service coverage indicators of the company stood comfortable marked by total debt to GCA of 1.85 times as on March 31, 2018, improved from 2.70 times as on March 31, 2017 owing to increase in GCA and

Working capital intensive nature of operations Due to high inventory, operating cycle stood elongated at 139 days in FY18, improved from 171 days in FY17 owing to improvement in debtors and inventory holding period. Due to high inventory, the current ratio stood moderate at 1.67 times as on March 31, 2018, however, quick ratio remained below unity at 0.95 times as on March 31, 2018. Presence in highly competitive machine tools industry

In machine tool industry, continuous technological changes are taking place at rapid pace. In the absence of any technological tie up with established player in the industry, ITL will have to continuous put focus on in house development of the technology and add new models to its existing product line to remain competitive in the industry. Vulnerability of margins to fluctuation in raw material prices Raw material constitutes a major portion of the company’s cost structure and given the competit