Matrix Gas & Renewables - Unlisted Shares
Fundamentals
- Current Price
- ₹700
- Market Cap
- ₹1,232.74 Cr
- ISIN
- INE0PO201010
- Face Value
- ₹10
- P/E Ratio
- 38.91
- EPS
- ₹21.33
- P/B Ratio
- 38.79
- Book Value
- ₹21.40
- Debt / Equity Ratio
- 0.91
Key Financials
Profit & Loss
| Metric | FY2023 | FY2022 |
|---|---|---|
| Revenue From Operations | 489.69 | 0.015 |
| Growth % | 3266566.67% | 0 |
| Total Operating Expenses | 444.30 | 0.0058 |
| Growth % | 7660244.83% | 0 |
| Operating Profit | 45.70 | 0 |
| Operating Profit Margin % | 9.33% | 61.33% |
| Other Income | 0.56 | 0.15 |
| Finance Costs | 3.24 | 0.43 |
| Depreciation and Amortization Expense | 0.01 | 0 |
| Profit before Tax | 42.70 | -0.27 |
| Income Tax | 10.66 | 0.07 |
| Tax % | 24.78% | -25.74% |
| Profit After Tax | 32.04 | -0.20 |
| Growth % | 16186.52% | 0 |
| PAT % | 6.60% | -1340.67% |
| EPS | 21.33 | -0.13 |
Company Financials
| Metric | FY2023 | FY2022 |
|---|---|---|
| Equity Capital | 15.01 | 0.01 |
| Reserves and Surplus | 16.78 | 0.1 |
| Total Equity | 31.79 | 0.11 |
| Long Term Borrowings | 0.17 | 0.15 |
| Other Long Term Liabilities | 0.0 | 0.0 |
| Total Non-Current Liabilities | 0.17 | 0.15 |
| Short Term Borrowings | 28.86 | 21.86 |
| Other Current Liabilities | 22.3 | 0.0 |
| Total Current Liabilities | 51.13 | 21.9 |
| Equity + Liabilities | 83.09 | 22.16 |
| Fixed Assets (incl. WIP) | 4.58 | 4.51 |
| Other Non Current Assets | 37.36 | 0.16 |
| Total NC Assets | 41.94 | 4.67 |
| Trade Receivables | 1.71 | 0.02 |
| Cash and Bank Balances | 8.5 | 0 |
| Other Current Assets | 30.9 | 17.5 |
| Total Current Assets | 41.15 | 17.49 |
| Total Assets | 83.09 | 22.16 |
Shareholding Pattern
- ANMOL SINGH JAGGI
- 24.50%%
- CHIRAG NARESHBHAI KOTECHA
- 22.00%%
- DISHA CHIRAG KOTECHA
- 22.00%%
- PUNEET SINGH JAGGI
- 23.94%%
- Others
- 7.56%%
Strengths & Weaknesses
Strengths
- Financial Performance: The company's revenue from operations saw significant growth, with figures reaching ₹489.6 Cr as of March 31, 2023, up from ₹1.50 lakhs in 2022. The company achieved a Profit After Tax (PAT) of ₹32.04 Cr in 2023, contrasting with a net loss in the previous year.
- Strong Promoters: Backed by experienced professionals and a diversified group including Gensol Engineering Ltd. and BluSmart Mobility, Matrix Gas leverages renewable energy and electric mobility expertise.
- Solar Power Ventures: The company has a contract for a 5,330 kWp solar PV plant with Amber Enterprises India Limited, from which it expects revenue starting in FY 2024-25 after its commissioning.
- Indian Gas Exchange (IGX): The company has maintained a proprietary membership with the Indian Gas Exchange (IGX) since December 13, 2022, enabling it to acquire natural gas for short-term requirements.
- Progressing in Green Hydrogen: Matrix Gas & Renewables Ltd is at the forefront of the clean energy shift by producing Green Hydrogen. They have the skills to handle Engineering Procurement and Commissioning (EPC) as well as Build Own Operate (BOO) projects.
Weaknesses
- Customer Base and Revenue Concentration: The top 10 customers contributed around 95.58% of the revenue in 2023, indicating a concentrated revenue base among a few large clients.
- Withdrawal of IPO: Matrix Gas and Renewables had canceled its IPO plans and instead completed a substantial pre-IPO funding round, raising ₹350 crore.
About Matrix Gas & Renewables
Matrix Gas & Renewables Limited is a prominent player in India's energy sector, specialising in sourcing and marketing natural gas and Regasified Liquefied Natural Gas (R-LNG). The company focuses on medium to long-term contracts to ensure a steady supply of competitively priced natural gas for its customers
Board of Directors
- Anmol Singh Jaggi - Chairman & Director
- Chirag Kotecha - CEO & MD
- Disha Chirag Kotecha - Non-Executive Director
- Gaurav Kharbanda - Independent Director
- Arun Menon - Independent Director
Senior Management
- Anmol Singh Jaggi - Chairman & Director
- Chirag Kotecha - CEO & MD
