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Frick India Limited Unlisted Shares

Financial Year: 2023

Financial Year: 2023

Financial Report Summary

Frick India Limited, an ISO 9001:2015 certified company, has released its unaudited financial results for the quarter and nine months ended December 31, 2023. The results were reviewed by the Audit Committee and approved by the Board of Directors on February 14, 2024, and have undergone a limited review by the company's statutory auditors.

Financial Performance:

  • Revenue: Revenue from operations for the quarter ended December 31, 2023, was ₹12,245.50 lakhs, compared to ₹10,314.67 lakhs for the quarter ended September 30, 2023, and ₹10,009.17 lakhs for the quarter ended December 31, 2022. Total income for the quarter was ₹12,548.30 lakhs. Revenue from operations for the nine months ended December 31, 2023, was ₹32,991.13 lakhs, compared to ₹23,456.70 lakhs for the nine months ended December 31, 2022.
  • Expenses: Total expenses for the quarter ended December 31, 2023, amounted to ₹11,211.33 lakhs, which included ₹7,702.04 lakhs in the cost of materials consumed and ₹1,501.15 lakhs in employee benefits expenses.
  • Profitability: Profit before tax for the quarter was ₹1,336.97 lakhs. Profit after tax for the period was ₹998.95 lakhs. For the nine months ended December 31, 2023, the profit after tax was ₹2,891.92 lakhs.
  • Earnings Per Share (EPS): The basic and diluted EPS for the quarter ended December 31, 2023, not annualized, stood at ₹166.49 per share.

Other Comprehensive Income:

  • Total other comprehensive income for the period was negative ₹5.69 lakhs.

Equity:

  • Paid-up Equity Share Capital (Face value of Rs. 10/- each): ₹60.00 Lakhs.

Operational Overview:

  • The company is primarily involved in the manufacture, supply, and execution of Industrial Refrigeration and Air conditioning systems, constituting a single reportable segment.

Karvy Stock Broking Limited (KSBL) Matter:

  • The company is still pursuing the recovery of ₹186.82 lakhs worth of equity shares and ₹24.76 lakhs in bank balance that were pledged by Karvy Stock Broking Limited (KSBL) without the company's knowledge. A complaint/claim has been filed with SEBI against KSBL and NSE for the return of securities and refund of the deposit amount, with the management believing the amount is fully recoverable.

Compliance with SEBI Regulations:

  • Frick India Limited has also submitted an intimation under Regulation 32 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Regulations), 2015, confirming that the company has not engaged in any public issue, rights issue, preferential issue, or QIP during the Third Quarter and Nine Months ended on December 31, 2023.

Auditor's Review:

  • Lodha & Co LLP, Chartered Accountants, conducted an independent auditor's review of the unaudited financial results. Based on their review, nothing came to their attention that caused them to believe that the Statement was not prepared in accordance with applicable Indian Accounting Standards or that it contained any material misstatement. The review was conducted in accordance with the Standard on Review Engagements (SRE) 2410.

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FAQ's

What are unlisted shares?

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Unlisted shares are stocks of companies that are not listed on any stock exchange, meaning they are not publicly traded. These shares are typically available for trade in the private market through brokers, and can offer unique investment opportunities.

How can I buy unlisted shares?

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You can buy unlisted shares through a broker or platform that specializes in unlisted share transactions. We provide a secure and easy way to purchase unlisted shares from top companies, ensuring a smooth transaction process.

What is the share price of unlisted companies?

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The share prices of unlisted companies can fluctuate based on various factors like market demand, company performance, and private transactions. You can check the latest share prices for unlisted companies on our website for real-time updates.

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Unlisted shares can offer higher growth potential, as they are typically not subject to the same market volatility as listed shares. However, they come with higher risk due to limited liquidity and availability of information. It's important to research thoroughly and consult experts before investing.

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To sell unlisted shares, you can connect with a broker or platform that facilitates the sale of private stocks. We help investors buy and sell unlisted shares with ease, ensuring that your transaction is handled professionally and securely.

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Yes, unlisted shares can eventually be listed on a stock exchange through an Initial Public Offering (IPO). This process allows the company to offer its shares publicly and be traded on major exchanges, potentially increasing liquidity and visibility.

What is the share price of unlisted companies?

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Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.

How do I know the current value of unlisted shares?

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The value of unlisted shares is typically determined by private transactions, financial reports, and market demand. We provide the latest updates on share prices of unlisted companies, giving you the most accurate valuation available.

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The minimum investment for unlisted shares can vary depending on the company and broker. Generally, the minimum investment is higher than for listed stocks, but we provide detailed information to help you make the best investment decisions.

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Yes, unlisted shares may pay dividends if the company has declared them. However, since these companies may be in their growth stage, dividend payments are not always guaranteed. It's important to check the company's financial health before investing.

How do I know which unlisted shares are worth investing in?

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It's important to conduct thorough research on the company's financials, management, market potential, and overall business model. You can also seek professional advice from experts to help you choose unlisted shares with strong growth prospects.

Are unlisted shares taxed?

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Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.

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