oricon Enterprises Ltd. formerly known as Oriental Containers Ltd. was
mainly into packaging, real estate and petrochemicals. In
September’2006 the company entered into a 30:70 joint venture with M/s
Navigate Mauritius Ltd. – a private equity investor, for its packaging
division. Accordingly, the new joint venture was named as Oriental
Containers Ltd., which had the packaging division and the parent company
renamed as Oricon Enterprises Ltd.
Business Segments
Marine Logistics : India’s largest marine logistics company handling dry cargo Involved in the business of lighter age, stevedoring & logistics
Packaging:– Metal & Plastic Closures
•Largest installed capacity of crowns, ROPP caps and plastic beverage closures in India
•Market leader in crown caps, plastic and ROPP closures
Real Estate :- 3 acre land bank at Worli, Mumbai
•Plans for development / re-development for residential / commercial use
Others :- Automobile Dealership ,Petrochemicals , Bio Coal Briquettes
Business Overview
50.19% subsidiary of Oricon Enterprises Limited
India’s largest marine logistics company handling dry cargo
Involved in the business of lighter age, stevedoring & logistics
Operates through ports in Gujarat, Maharashtra, Karnataka,
Tamil Nadu & Goa
Handles mainly coal, pet coke, clinker, steel, salt & sugar
• Coal accounts for ~85% of the total cargo handled
Self owned machinery – Largest Barge Fleet in India
• Owns 32 barges, 45 excavators, 55 pre loaders & 150
dumpers
Handled 12.9 million tonnes of Cargo in FY14
Highest Discharge Rate in the business
Flexible to all cargo types
Integrating land – sea – rail
Operates on self owned infrastructure
Convenience of a one point of contact for all logistics
needs at competitive prices
Operating efficiencies derived from years of experience
in all facets of logistics including
Enjoys monopoly to some extent due to entry barriers
to other players on account of maritime restrictions
Dharamtar Infrastructure - A JV between United Shippers Limited and PNP
Maritime Services Pvt Limited
Proportion of ownership interest by USL : 43.10%
Envisaged for development of areas around PNP Port in Dharamtar
Owns and operates PNP Port in Dharamtar which has railway connectivity
Specializes in providing barge services using inland water mode
Owns 150 acres of land located within close proximity of JNPT Port
Unique advantage lies in trans-shipment and transportation of containers
using inland water mode thereby avoiding port congestion at JNPT
With the railway siding complete, DIL has the first mover advantage and
is one of the few ports offering true tri-modal connectivity
Handled 2.9 million tonnes of Cargo in FY 14
Real estate:
2 acre land at Worli, Mumbai
• Plans for development for residential purpose
• Company received IOD from Municipal
Corporation of Greater Mumbai for construction
of residential building(s)
• In Process of obtaining commencement
certificate to launch project
1 acre land at Worli, Mumbai
• Plans for re-development for residential /
commercial purpose
• Housed in Oricon Enterprises Limited
Sir, in my very limited experience of learning in financial markets i see sometimes markets punishing some scrips very heavily for non growth performance and wonder whether it is so warranted one such example is of a company in pharma space called kilitch drugs ,a positive eps generating company with no debt, no pledge, good promoters but trading even below its cash holding balance of 40 cr coming to a value of 30/- per share trading at now 26 just because one quarter it has not delivered good results, company did well between 2008 to 2011 and then sold its few plants to multinational and paid 300% spl div to shareholders in 2012 now since last few quarters growth is very slowly starting but opm's are still negative so my question is that is growth only factor to value a company or assets like cash and land bank and reserves of more than 100 cr which this company holds just neglected by markets. pls guide
ReplyDeletepromoter integrity is main for cash holding company's . what they do with the cash is important. i think avoid
Deleteoricon mcap is 780 cr land value of the company 700 cr + it has logistic business doing 500cr turnover and operating profit of 65 this year and debit free company see consolidated results & segment wise