Table of content
Deccan Transcon Leasing Introduction
Deccan Transcon Leasing Limited is a company that provides comprehensive freight and shipping solutions. Their services include tank container logistics, fleet management, customs clearance, and non-vessel operating common carrier (NVOCC) services. They specialize in handling bulk liquids and hazardous chemicals, offering tailored supply chain solutions to meet specific customer needs
Also read Public Provident Fund (PPF)
Brief about Deccan Transcon Leasing
Summary of the business of Deccan Transcon Leasing
The global freight & logistics market is forecast to grow to $18.69 billion by 2026 at a compound annual growth rate (CAGR) of 4.4%. Looking solely at logistics, the global logistics market is expected to reach
$6.55 trillion by 2027, growing at a CAGR of 4.7% between 2022 and 2027. The freight & logistics market includes the sale of services by companies that transport goods and commodities via rail, air, roads, and water, using large vessels in the process of planning and executing the efficient transportation and storage of goods from point A to point B to meet consumer needs in a timely and cost-effective manner.
History
Deccan Transcon Leasing Company was incorporated on February 05, 2007, at Andhra Pradesh, India as ‘Libenil Logistics Private Limited’, a private limited company under the Companies Act, 1956 and was granted a certificate of incorporation by the Registrar of Companies, Andhra Pradesh (“RoC”). The name of our Company was changed to ‘Deccan Transcon Leasing Private Limited’, and a fresh certificate of incorporation dated July 12, 2013, was issued by the RoC, Andhra Pradesh. Our Company was then converted into a public limited company under the Companies Act, 2013, and consequently, the name of our Company was changed to ‘Deccan Transcon Leasing Limited’, and a fresh certificate of incorporation dated March 27, 2024, was issued by the RoC, CPC. The Corporate Identification Number of our Company is U63090TG2007PLC052599.
Promoters & Board of Directors of Deccan Transcon Leasing
- The Promoters of Company are Jaidev Menon Parath, Karthika Menon, Miriyala Shekhar, Pranav Jaidev and Navaneeth Jaidev.
Board of directors of Deccan Transcon Leasing
| Name | Designation |
| Jaidev Menon Parath | Whole time Director |
| Karthika Menon | Whole time Director |
| Miriyala Shekhar | Whole time Director |
| Satyamurti Ramasundar | Independent Director |
| Karat Roger Vijayan Parameshwar | Independent Director |
| Venkata Naga Lavanya Kandala | Independent Director |
Share Holding pattern of Deccan Transcon Leasing
| Name | % holding |
| Promoters | |
| Jaidev Parath Menon | 34.84% |
| Karthika Menon | 29.09% |
| Miriyala Shekhar | 8.02% |
| Pranav Jaidev | 13.26% |
| Navaneeth Jaidev | 0.98% |
| Promoter Group | |
| Kedar Jaidev | 0.98% |
| Public | 12.83% |
Strength of Deccan Transcon Leasing
- Long standing business track record
- Long-standing customer relationships.
- Strong knowledge and expertise of our promoters.
- Global coverage through network of agents
- Ability to provide end-to-end logistic solutions
Strategies of Deccan Transcon Leasing
- Expanding Fleet Size:
- Expanding Geographic Coverage:
- Expanding our customer base and enhancing relationship with existing clients:
- Expanding Scope of Services:
- Focusing on Technology Upgradation:
Industry Outlook
INDIAN LOGISTIC SECTOR OUTLOOK
Union Budget 2024: Logistics Sector Expects Continuous Capex Push, Focus on Technology
From the Union Budget 2024, the logistics sector anticipates more regulatory process simplifications for land acquisitions of warehouses and logistics parks, rebates in stamp duty, registration costs, and electricity charges.
India’s logistics sector is expecting the government to introduce some transformative measures from the budget to bring innovation and inclusivity to the sector. Industry experts are expecting government proposals towards a continued capex push for the development of road networks, delivery hubs, and advanced technology solutions for optimal route planning. Considering the targets outlined in the preceding year’s budget, the upcoming interim budget for 2024-25 is likely to see a 10 per cent rise in capital expenditure to Rs 11 lakh crore. The industry is anticipating robust growth in the development of transportation infrastructure, particularly in relation to major freight routes, logistics parks, and road, railways, airports, and highway connectivity. On the back of increased government expenditure on ports, roads, and digitization, India’s logistics costs have decreased to less than 9 per cent of GDP, and the next target is to improve the global logistics ranking to rank amongst the top 25 countries.
Aneel Gambhir, Chief Financial Officer at DTDC Express urged the government to address the logistics sector’s unique needs by enhancing the strategic allocations toward infrastructure development, tax reforms, and other governance policies. “Besides this, the importance of digitally advanced processes through cutting- edge technologies including artificial intelligence, machine learning, IoT, and big data are also required,” he said. “Additionally, the inclusion of diesel under the GST ambit is a critical move that we hope the government will consider in this budget. With India aiming to reduce its logistics costs and become more competitive in the international market, this will help the logistics players to regulate costs by cutting on the tax outflow,” Gambhir said. According to Gambhir, facilitating a strong policy framework is essential to reduce expenditure, and improve transportation, and warehouse facilities to continue the growth achieved by the industry. Further strengthening the National Logistics Policy (NLP) can bring a massive change and streamline operations for the industry in the future.
The sector also anticipates more regulatory process simplifications for land acquisitions of warehouses and logistics parks, rebates in stamp duty, registration costs, and electricity charges. Streamlined regulatory processes will be essential to facilitate smoother cross-border transactions and ensure compliance with evolving global standards. Abhijit Verma, Founder & MD at Avinya Industrial & Logistics Parks says that incentives and regulations promoting the use of technology such as automation, AI, and IoT—in warehousing and logistics might potentially receive a lot of attention in an effort to increase productivity, transparency, and tracking. “The government can also look into introducing tax benefits or incentives for businesses who upgrade their warehouse facilities and implement environmentally friendly procedures,” he added.
Vivek Juneja, Founder & Managing Director at Varuna Group said, “At the core of our expectations lies the imperative for substantial investments in infrastructure. An enhanced logistics network, fortified with modernized roads and warehousing facilities, will optimize operational efficiency and position our industry as a key driver of economic development.” According to Juneja, the integration of transformative technologies is paramount. Adapting cutting-edge solutions such as IoT and AI will empower logistics providers to unlock new transparency, traceability, and efficiency levels. This digital transformation is a modernization effort and a strategic move to future-proof the logistics industry against emerging challenges. By addressing these expectations, there is an opportunity to share a resilient and tech-enabled future for the logistics sector. Nirmala Sitharaman will present her sixth consecutive budget since 2019. However, the upcoming will be an interim budget and is likely to have no major announcements. The full budget for the financial year 2024-25 will be presented after the formation of the new government following the general elections
SHIPPING INDUSTRY & PORTS IN INDIA
According to the Ministry of Shipping, around 95% of India’s trading by volume and 70% by value is done through maritime transport. In November 2020, the Prime Minister, Mr. Narendra Modi renamed the Ministry of Shipping as the Ministry of Ports, Shipping and Waterways. India has 12 major and 200+ notified minor and intermediate ports. Under the National Perspective Plan for Sagarmala, six new mega ports will be developed in the country. The Indian ports and shipping industry play a vital role in sustaining growth in the country’s trade and commerce. India is the sixteenth-largest maritime country in the world with a coastline of 7,516.6 kms. The Indian Government plays an important role in supporting the ports sector. It has allowed Foreign Direct Investment (FDI) of up to 100% under the automatic route for port and harbour construction and maintenance projects. It has also facilitated a 10-year tax holiday to enterprises that develop, maintain, and operate ports, inland waterways, and inland ports.
Market Size
From April-October 2023, all key ports in India handled 463.98 million tonnes (MT) of cargo traffic. From April-October 2022, all key ports in India handled 446.50 million tonnes (MT) of cargo traffic. India’s merchandise exports in FY22 were at US$ 417.8 billion, up 40% from the previous year. In FY23, merchandise exports reached US$ 447.46 billion. The Government has taken several measures to improve operational efficiency through mechanisation, deepening the draft and speedy evacuations.
Investments/Developments
Some of the major recent developments are
- India has plans to invest US$ 82 billion in port projects by 2035.
- The Global Maritime India Summit 2023 to serve as a platform to showcase global best practices, foster investment partnerships and chart a new and bright course for our collective future.
- FDI equity inflow in the Port industry is US$ 1.63 billion during the period April 2000 to September 2023.
- Indian ports received cumulative FDI inflow worth US$ 1.63 billion between April 2000-June 2021.
- In October 2021, the Syama Prasad Mookerjee Port, Kolkata, gave importers the opportunity to bring in vessels at the deep drafted anchorages located at Sagar, Sandheads and X Point.
- In October 2021, Adani Group announced that it wants to make Adani Port a net-zero carbon emitter by 2025 and power all its data centers with renewable energy by 2030.
- Jawaharlal Nehru Port Trust (JNPT) Special Economic Zone (SEZ) became the first of its kind operational port-based multi-product SEZ in India.
- The Competition Commission of India (CCI) approved Adani Ports and Special Economic Zone’s proposed acquisition of 10.40% equity investment in Gangavaram Port in September 2021. The 10.4% equity shareholding will be bought from the government of Andhra Pradesh.
- APSEZ (Adani Ports and Special Economic Zone) plans to become the world’s largest private port company by 2030 and carbon neutral by 2025.
Government Initiatives
Some of the major initiatives taken by the government to promote the ports sector in India are as follows:
- In Union Budget 2023-24, the total allocation for the Ministry of Shipping was US$ 1,813.16 million (Rs. 2,218.74 crore).
- In October 2022, Cabinet Committee on Economic Affairs approved the development of a container terminal at Tuna-Tekra, Deendayal Port, the terminal will be built on a Build, Operate & Transfer (BOT) basis under Public-Private-Partnership (PPP) mode.
- In August 2022, Minister of Road Transport and Highways Mr. Nitin Gadkari, Minister of Ports, Shipping & Waterways and Ayush, Mr. Sarbananda Sonowal, and Minister of State for Road Transport & Highways, Gen (Retd) VK Singh signed a tripartite agreement for swift development of modern Multi Modal Logistics Parks (MMLP) under Bharatmala Pariyojna across the country.
- In July 2022, the Sagarmala programme is the flagship programme of the Ministry of Ports, Shipping and Waterways to promote port-led development in the country through harnessing India’s 7,500 km long coastline, 14,500 km of potentially navigable waterways and strategic location on key international maritime trade routes.
- In December 2021, India and Russia are talking about collaborating on shipbuilding and inland waterways.
- In November 2021, the Union Minister for Ports, Shipping and Waterways & Ayush, Mr. Sarbananda Sonowal, inaugurated the new Radars and Vessel Traffic Management System of Cochin Port Trust. The VTMS (Vessel Traffic Management System) commissioned in Cochin Port in 2009 has been upgraded with a state-of-the-art system consisting of two new radars, one AIS Base station, three VHF Radios and associated software & hardware.
- In November 2021, Union Minister for Ports, Shipping & Waterways and Ayush, Mr. Sarbananda Sonowal, inaugurated the simultaneous launching of five vessels at Cochin Shipyard Limited (CSL).
- In November 2021, the Union Minister of Culture and Tourism, Mr. G Kishan Reddy, announced that the center has sanctioned US$ 13.31 million (Rs. 100 crore) for the Visakhapatnam port cruise terminal.
- The Draft Indian Ports Bill 2021, which was circulated in July 2021, aims to centralize the administration of minor ports that are currently managed by state governments.
- The Inland Vessels Bill 2021 was approved by the Lok Sabha in July 2021. Instead of distinct regulations created by the states, the bill attempts to include a single legislation for the country. The registration certificate issued under the new law will be valid throughout the country and state approvals will not be necessary. The bill also establishes a single database for recording vessel and crew information on an Internet portal.
- In July 2021, the Marine Aids to Navigation Bill 2021 was passed by the Parliament, incorporating global best practices, technological developments, and India’s international obligations in this field.
- In June 2021, the Gujarat government provided approval to build a new jetty worth an estimated US$ 25.77 million (~Rs. 192 crore) at Navlakhi Port which has been in operation since 1939.
- In June 2021, the Ministry of Ports, Shipping and Waterways and the Ministry of Culture signed an MoU for cooperation in the development of the National Maritime Heritage Complex at Lothal, Gujarat
Road Ahead
- Increasing investment and cargo traffic point towards a healthy outlook for the Indian ports sector. Providers of services such as operation and maintenance (O&M), pilotage and harbouring and marine assets such as barges and dredgers are benefiting from these investments.
- The capacity addition at ports is expected to grow at a CAGR of 5-6% till 2022, thereby adding 275- 325 MT of capacity.
- Domestic waterways have found to be a cost-effective and environmentally sustainable mode of freight transportation. The government aims to operationalise 23 waterways by 2030.
- As part of the Sagarmala project, more than 574 projects worth US$ 82 billion (Rs. 6 lakh crore) have been planned for implementation between 2015 and 2035.
- In Maritime India Summit 2021, the Ministry of Ports, Shipping and Waterways identified a total of 400 projects worth US$ 31 billion (Rs. 2.25 lakh crore) investment potential.
Business Data of Deccan Transcon Leasing
Verticals of Deccan Transcon Leasing
- Leasing of Tank Containers
- Shipping & Freight forwarding
Product wise break-up of Deccan Transcon Leasing
(₹ in Lakhs)
| Services | December 31, 2023 | March 31, 2023 | March 31, 2022 | March 31, 2021 | ||||
| amount | % revenue | amount | % revenue | amount | % revenue | amoun t | % revenue | |
| Leasing revenue | 549.02 | 4.79% | 382.24 | 2.13% | 168.73 | 1.10% | 59.33 | 0.65% |
| Freight and Shipping services | 10,902.2 1 | 95.21% | 17,577.4 1 | 97.87% | 15,121.5 2 | 98.90% | 9,093.4 5 | 99.35% |
Revenue contribution from Geography presence of Deccan Transcon Leasing
(₹ in Lakhs)
| Continents | December 31, 2023 | March 31, 2023 | March 31, 2022 | March 31, 2021 | ||||
| amount | % revenue | amount | % revenue | amount | % revenue | amount | % revenue | |
| Africa | 2210.65 | 19.30% | 1994.76 | 11.11% | 1379.105 | 9.02% | 1277.34 | 13.96% |
| Asia | 7949.9 | 69.42% | 12793.67 | 71.24% | 12480.15 | 81.62% | 6718.521 | 73.40% |
| Australia | 110.89 | 0.97% | 142.01 | 0.79% | 59.39 | 0.39% | 32.76 | 0.36% |
| North America | 13.69 | 0.12% | – | – | – | – | – | – |
| South America | 6.1 | 0.05% | 20.94 | 0.12% | 31.21 | 0.20% | 46.76 | 0.51% |
| Europe | 1160 | 10.13% | 3008.28 | 16.75% | 1340.39 | 8.77% | 1077.39 | 11.77% |
Customer dependency of Deccan Transcon Leasing
| Particulars | December 31, 2023 | Fiscal 2023 | Fiscal 2022 | Fiscal 2021 |
| Top 5 | 41.11% | 46.38% | 42.13% | 41.78% |
| Top 10 | 54.26% | 59.03% | 55.53% | 53.84% |
Supplier dependency of Deccan Transcon Leasing
| Particulars | December 31, 2023 | Fiscal 2023 | Fiscal 2022 | Fiscal 2021 |
| Top 5 | 32.15% | 35.95% | 36.07% | 28.53% |
| Top 10 | 45.74% | 50.82% | 51.53% | 44.83% |
Competition
In Deccan Transcon Leasing industry, there’s a lot of fragmentation, with numerous small and medium-sized companies operating. As the logistics sector spans globally, we encounter competition from both domestic and international players. Our ability to compete revolves around factors like fleet size, service quality, pricing, and reliability, all of which are crucial to clients when selecting a service provider. Our aim is to deliver top-notch service at competitive rates. While we face competition regionally, only a select few companies compete with us across all our geographic markets. We’re confident that the breadth and depth of our operations, position us well to meet the diverse needs of our customers.
There are over 240 operators of tank containers known to International Tank Container Organization (ITCO), ranging from very large global companies to relatively small niche and regional players. As of January 01, 2024, the top ten operators accounted for over 2,97,955 tanks representing over 50% of the global tank container operators’ fleet (5,87,970 tanks). At the same time the previous year, the top ten operators accounted for 2,87,250 tanks representing over 50% of the global tank container operators’ fleet (5,68,760 tanks).
Peer companies comparison of Deccan Transcon Leasing
| Name of the Company | Face value (₹) | Revenue from operations (₹ in Lakhs) | Basic EPS (₹) | P/E | Return on average net worth (%) | NAV per Equity Shares (₹) |
| Deccan Transcon Leasing Ltd | 10 | 17,959.66 | 5.07 | 21.3 | 42.19% | 12.03 |
| Peer Group | ||||||
| Lancer Container Lines Ltd | 10 | 83,717.29 | 2.84 | 26.35 | 29.32% | 9.68 |
| S J Logistics ( India ) Ltd | 10 | 14,885.34 | 7.76 | 39.81 | 26.30% | 29.51 |
(₹ in Lakhs, except ratios & %)
| Metric | Deccan Transcon Leasing Limited | Lancer Container Lines Ltd | S J Logistics ( India ) Ltd | ||||||
| 2023 | 2022 | 2021 | 2023 | 2022 | 2021 | 2023 | 2022 | 2021 | |
| Revenue From operations | 17,959. 66 | 15,290. 25 | 9,152.7 8 | 83,717. 29 | 64,150. 29 | 31,260. 51 | 14,885. 34 | 10,362. 43 | 12,392. 64 |
| Total revenue | 18,061. 76 | 15,322. 85 | 9,170.3 9 | 84,555. 11 | 64,330. 29 | 31,403. 59 | 14,955. 16 | 10,395. 18 | 12,402. 88 |
| EBITD A | 1,280.7 7 | 877.99 | 533.73 | 8,960.0 7 | 5,001.1 5 | 2,437.7 5 | 1,265.7 9 | 472.72 | 376.51 |
| EBITDA Margin (%) | 7.13% | 5.74% | 5.83% | 10.70% | 7.80% | 7.80% | 8.50% | 4.56% | 3.04% |
| Profit after tax | 855.7 | 519.1 | 270.02 | 5,373.7 0 | 2,895.2 8 | 970.92 | 826.1 | 172.99 | 82.99 |
| PAT Margin (%) | 4.76% | 3.39% | 2.95% | 6.42% | 4.51% | 3.11% | 5.55% | 1.67% | 0.67% |
| Return on Equity (ROE) (%) | 42.19% | 42.99% | 37.02% | 29.32% | 39.53% | 21.77% | 26.30% | 11.06% | 5.97% |
| Debt To Equity Ratio | 0.88 | 0.82 | 1.31 | 1.54 | 0.58 | 0.69 | 1.07 | 1.64 | 1.76 |
| Interest Coverage Ratio | 6.87 | 6.56 | 5.03 | 7.2 | 20.86 | 7.73 | 5.05 | 2.12 | 1.79 |
| Return on Capital Employ ed (ROCE ) (%) | 43.22% | 40.26% | 28.48% | 17.43% | 36.63% | 21.54% | 19.89% | 10.98% | 8.75% |
| Current Ratio | 1.46 | 1.28 | 1.11 | 5.89 | 1.18 | 1.05 | 3.06 | 2.95 | 1.45 |
| Net Capital Turnover Ratio | 18.48 | 31.45 | 43.71 | 2.56 | 37.7 | 104.51 | 2.96 | 3.72 | 9.63 |
Subsidiary companies of Deccan Transcon Leasing
- Deccan Shipping & Logistics SDN. BHD. (DSLSB) (Subsidiary Company) Corporate Information
- King Star Freight Private Limited (KSFPL)
Group companies of Deccan Transcon Leasing
- Kingstar Freight Private Limited (Associate Company)
- Deccan Orient Line Company Limited
SWOT ANALYSIS of Deccan Transcon Leasing
- Strengths
- Global Footprint: Deccan Transcon Leasing operates across various continents and economic regions, providing a wide reach and diversified market presence.
- Large Customer Base: The company has established long-term relationships with over 100 customers and served more than 884 clients in the past year.
- Advanced Logistics Technology: Utilizes advanced logistics technology solutions to enhance efficiency and service quality.
- Comprehensive Services: Offers end-to-end logistics services, including tank container logistics, fleet management, customs clearance, and NVOCC services.
- Diverse Industry Reach: Serves clients across multiple industries, reducing dependency on any single sector.
- Weaknesses
- High Fixed Costs: The company incurs high fixed costs regardless of business activity levels, which can impact profitability during periods of low demand.
- Dependency on External Factors: Non-utilization of containers or low productivity due to reduced demand, weather interruptions, or other causes can significantly affect financial performance.
- Debt Levels: Although the debt-equity ratio has decreased, managing debt remains a critical aspect of financial health.
- Opportunities
- Market Expansion: Potential to expand into new geographic regions and markets, leveraging their existing global network.
- Technological Advancements: Continued investment in logistics technology can further improve efficiency and customer satisfaction.
- Growing Demand for Logistics Services: Increasing global trade and demand for efficient logistics solutions present growth opportunities.
- IPO Proceeds: Funds raised from the IPO can be used for tank container procurement, working capital needs, and general corporate purposes, supporting growth initiatives.
- Threats
- Economic Fluctuations: Global economic instability can impact demand for logistics services and overall business performance.
- Regulatory Changes: Changes in international trade regulations and customs policies can affect operations.
- Competition: Intense competition in the logistics and freight industry can pressure margins and market share.
Business risk factors of Deccan Transcon Leasing
- Deccan Transcon Leasing derive majority of our revenue from leasing and freight and shipping services. In the event we are unable to increase or effectively manage our services under the said services, it could have an adverse impact on our Company’s business and results of operations.
- Deccan Transcon Leasing depend on certain key customers for our revenues which include our associate company and group company. A decrease in the revenues we derive from them could materially and adversely affect our business, results of operations, cash flows and financial condition.
Financials of Deccan Transcon Leasing
Key Financial Ratios of Deccan Transcon Leasing
| Ratios | 31.12.2023 | 31.03.2023 | 31.03.2022 | 31.03.2021 |
| Current Ratio | 1.46 | 1.46 | 1.28 | 1.11 |
| Debt Equity Ratio | 0.79 | 0.88 | 0.82 | 1.31 |
| Debt Service Coverage Ratio | 2.05 | 2.74 | 2.31 | 2.2 |
| Return on Equity Ratio | 32.29% | 52.89% | 53.60% | 46.86% |
| Trade Receivables Turnover Ratio | 3.71 | 7.83 | 7.65 | 4.29 |
| Trade Payables Turnover Ratio | 10.06 | 14.99 | 9.19 | 3.99 |
| Net Capital Turnover Ratio | 10.06 | 24.64 | 43.97 | 55.4 |
| Net Profit Ratio | 6.59% | 4.76% | 3.39% | 2.95% |
| Return on Capital Employed | 33.00% | 43.22% | 40.26% | 28.48% |
Key Performance Indicators of Deccan Transcon Leasing
(₹ in Lakhs, except ratios & %)
| Metric | December 31, 2023 | 2023 | 2022 | 2021 |
| Revenue From operations | 11,451.23 | 17,959.66 | 15,290.25 | 9,152.78 |
| Total revenue | 11,473.43 | 18,061.76 | 15,322.85 | 9,170.39 |
| EBITDA | 1,281.07 | 1,280.77 | 877.99 | 533.73 |
| EBITDA Margin (%) | 11.19% | 7.13% | 5.74% | 5.83% |
| Profit after tax | 754.59 | 855.70 | 519.10 | 270.02 |
| PAT Margin (%) | 6.59% | 4.76% | 3.39% | 2.95% |
| Return on Equity (ROE) (%) | 28.53% | 42.19% | 42.99% | 37.02% |
| Debt To Equity Ratio | 0.79 | 0.88 | 0.82 | 1.31 |
| Interest Coverage Ratio | 5.52 | 6.87 | 6.56 | 5.03 |
| Return on Capital Employed (ROCE) (%) | 33.00% | 43.22% | 40.26% | 28.48% |
| Current Ratio | 1.46 | 1.46 | 1.28 | 1.11 |
| Net Capital Turnover Ratio | 8.78 | 18.48 | 31.45 | 43.71 |
Assets & Liabilities of Deccan Transcon Leasing
(₹ in Lakhs)
| Particulars | 31st December, 2023 | 2023 | 2022 | 2021 |
| EQUITY AND LIABILITIES | ||||
| Shareholder’s Funds | 3101.27 | 2321.4 | 1350.29 | 752.66 |
| Non-Current Liabilities | 1036.49 | 974.23 | 853.98 | 929.97 |
| Current Liabilities | 2,856.55 | 2112.09 | 1720.37 | 1925.78 |
| Total | 6,994.31 | 5,407.72 | 3,924.64 | 3,608.41 |
| ASSETS | ||||
| Non-Current Assets | 2,833.04 | 2,323.82 | 1,718.16 | 6,875.02 |
| Current Assets | 4161.27 | 3083.88 | 2206.48 | 2135.2 |
| Total | 6,994.31 | 5,407.72 | 3,924.64 | 3,608.41 |
Profit & Loss of Deccan Transcon Leasing
(₹ in Lakhs, except %)
| Particulars | December 31,2023 | March 31,2023 | March 31,2022 | March 31,2021 |
| Revenue from operations | 11,451.23 | 17,959.66 | 15,290.25 | 9,152.78 |
| Profit before tax (PBT) | 953.43 | 1,085.88 | 677.57 | 350.88 |
| PBT margin (%) | 8.33% | 6.05% | 4.43% | 3.83% |
| Profit after tax | 754.59 | 855.70 | 519.10 | 270.02 |
| PAT margin (%) | 6.59% | 4.76% | 3.39% | 2.95% |
Cash Flow of Deccan Transcon Leasing
(₹ in Lakhs)
| Particulars | December31, 2023 | FY 2023 | FY 2022 | FY 2021 |
| Net cash (used in)/ Generated from operating activities | 551.11 | 371.71 | 495.05 | 438.46 |
| Net cash (used in)/ Generated from investing activities | (688.62) | (701.60) | (320.37) | (196.66) |
| Net cash (used in)/ Generated from finance activities | (96.70) | 573.25 | (121.27) | (281.73) |
| Net increase/ (decrease) in cash and cash equivalents | (234.21) | 243.36 | 53.42 | (39.93) |
| Cash and Cash Equivalents at the beginning of the period | 350.98 | 107.62 | 54.20 | 94.13 |
| Cash and Cash Equivalents at the end of period | 116.77 | 350.98 | 107.62 | 54.20 |
Capital structure of Deccan Transcon Leasing
(₹ in Lakhs, except ratios & %)
| Particulars | December 31, 2023 |
| Borrowings | |
| Short- term | 1200.42 |
| Long- term | 890.37 |
| Total Borrowings | 2090.79 |
| Shareholder’s fund | |
| Share capital | 220 |
| Reserve and surplus, as restated | 2426.25 |
| Total Shareholder’s fund | 2646.25 |
| Long- term borrowings / equity ratio | 0.34 |
| Total borrowings / equity ratio | 0.79 |
IPO Details
Deccan Transcon Leasing IPO Details
| Feature | Details |
|---|---|
| IPO Type | SME IPO |
| Issue Size | ₹65.06 crore |
| Price Band | ₹102 – ₹108 per share |
| Face Value | ₹10 per share |
| Minimum Bid Lot | 1200 shares (₹129,600) |
| Fresh Issue | ₹59.66 crore |
| Offer for Sale | ₹5.40 crore |
| Listing Exchange | NSE SME |
| Open Date | September 13, 2024 |
| Close Date | September 19, 2024 |
| Tentative Listing Date | September 23, 2024 |
Litigation involved
Gray Market Premium
Latest posts
- Paramount Forge: A Risky Bet in a Volatile Market
- Pelatro IPO: Is the Aggressive Hype Over?
- Deccan Transcon Leasing IPO: Is This IPO a Alienated Dud?
- Osel Devices: A Blinded Cautionary Tale for IPO Investors
- Northern Arc Capital IPO: A Risky Bet?
Categories
Act as a SWOT analysis expert. Please help me perform a SWOT analysis on
ipo allotment status
latest ipo
upcoming ip