Incorporated in 2004, Rajeshwari Cans Limited was originally formed as a Proprietorship concern with name and style as “M/s. Rajeshri Trading Company”. The company is engaged in manufacturing round printed tin containers of various sizes, used as packing material. Their clients includes tobacco manufacturing and paint manufacturing industry.
and knowledge of promoters more than three decades
product range and total production capacity.
located manufacturing unit
quality of all product range
The company is getting listed at a forward FY 21 P/E of 26.7, against sector PE of 18.54.
Utilization of Funds
Background Highlights of the company in Brief
Rajeshwari Cans limited, a Company incorporated under the Companies Act, 2013 was formed under part I (Chapter XXI) of the Companies Act, 2013 by converting the partnership firm “Rajeshwari Metal Printers” into Company.
In 1980 Late Nagindas Vora Father / grandfather of the promotors of the company started MS Drum manufacturing firm in Rakhial Ahmedabad and his business smoothly developed and his sons Bharat N Vora & harshad N Vora both are joined with him after their graduation. In 2004 he has take initiative to start a tin manufacturing unit in the name of Rajeshwari trading Company in changodar Ahmedabad then after around 2005 company has imported a single colour offset printer.
During this period, the company was engaged in the manufacturing of tin containers for Ink and Color manufacturing units. In 2010, the company entered into a big contract with Urmin Products P Ltd. and started producing Packing Containers. Around 2011, the management was of the opinion that the production capacity was quite low, so to increase the same, the company imported two more 2 color printing machine and 3 lines for Tin production unit. Around the same time, Mr, Pratik B Vora and Mr. Siddharth H Vora, sons of Mr. Bharat N Vora and Mr. Harshad N Vora respectively, also joined the company and started managing the MS Drum manufacturing business. Again due to shortage of production capacity, one more unit for MS Drum production was established in the same locality. Thereafter Unit 1 and Unit 2 are managed by Mr. Siddharth H Vora and Mr. Pratik B Vora respectively.
In 2018, the status of the company was changed from a Partnership Firm to a Public Ltd. Co., At present The Company is engaged in the business of manufacturing round printed tin containers of various sizes which are used as packing material. they supply the tin containers to customers engaged in the business of tobacco manufacturing and paint manufacturing. The Company also performs printing work on tin sheets supplied by there customers.
The promoter of the company Mr. Bharat Vora and Mr. Harshad Vora are involved in the business of trading of Iron and Steel, Tin plate, Scrap and manufacturing of round printed tin containers since last more than 40 years.
The Company has purchased the factory at Ganesh Estate and in the year 2019-20 started manufacturing small tin containers of 50gm at Block-A, Shed No- 22,23 & 24 Shree Ganesh Industrial Estate, Village Moraiya, Tal. Sanand, District Ahmedabad -382210 (“Shree Ganesh Industrial Estate”) used by the snuff manufacturer for packing of their product.
The erstwhile partnership firm had received India 5000 Best MSME Award in the year 2017 for outstanding contribution in quality and excellence in realm of customer satisfaction, impact on society through services & management to boost up all.
As on December 31,2020 Company has 70 employees. The company had product installed capacity of 3,90,00,000 P. A.
Briefing about Directors & Key Managerial Personnel
During the previous week, both the benchmark
indices, Nifty and Sensex witnessed a bloodbath, as they nosedived to touch the
low levels of 14,350 and 48,586 last Friday. India VIX also witnessed a highly
volatile session, making the lows of 16.68 and highs of 23 during the week.
The equity markets witnessed a steep fall as
the investors were concerned about increasing daily cases of COVID-19 with new
variants throughout the country. The situation lead to uncertainty regarding
lockdown in several parts of the country, after the Maharashtra government
announced a complete lockdown in some cities till a stipulated date. A part
from that, mixed cues from Asian peers which saw volatility owing to rising
bond yields and uncertainty around inflation also weighed the markets. The fall
in the value of the Turkish Markets after the firing of the central bank
governor, also had an impact on Indian markets and added to the volatility.
As far as sectoral indices are concerned, almost
all the indices ended in red during the week, except for Nifty Pharma (+2.1%),
Nifty IT (+0.9%) and Nifty Realty (+0.7%). Nifty Media and Nifty Metal lost
more than 3% each, Nifty Financial Services, Nifty Private Bank and Nifty Auto
fell by more than 2% each, Nifty PSU Bank and Nifty Energy fell by more than 1%
each during the week.
There was a fall of 5.1% in March Series, the second highest after a fall of around 6% in the September Series. Technically, Nifty needs to sustain above the levels of 14,490 to indicate bullish trend and we may see it nearing the levels of 15,500 in the near future. However, if the indices breaks the levels of 13,900 and sustains below that, then it confirms a bearish trend.
Incorporated in 2006, Barbeque Nation is a leading casual dining restaurant chain in India, with 138 Restaurants in 73 cities domestically and 7 International Restaurants in 3 countries internationally.
The company has already raised ₹150 Crs through a pre-IPO placement from Xponentia Capital and Jubilant Foodworks.
of the fastest growing restaurant brands in CDR market.
financials, with proven track record of revenue growth.
Veg and Non-Veg menu offerings, with constant innovation.
promotors and senior management team.
The company has been reporting negative net margins from continuing business since past two years. However, strong presence in the country and growing industry could be an aid for better performance in the long run.