India’s largest power generating company, state-owned NTPC, on Monday i.e. 02nd Nov 2020, received the board’s approval for a share buyback. The board of directors approved the buyback of up to 197.8 million equity shares for Rs 2,275.74 crore, as part of capital restructuring, said the company in a statement
Incorporated in 1958 as a Government of India fully owned public enterprise. NMDC is under the administrative control of the Ministry of Steel, Government of India.
Since inception involved in the exploration of wide range of minerals including iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, beach sands etc.
NMDC is India’s single largest iron ore producer, presently producing about 30 million tonnes of iron ore from 3 fully mechanized mines viz., Bailadila Deposit-14/11C, Bailadila Deposit-5, 10/11A (Chhattisgarh State) and Donimalai Iron Ore Mines (Karnataka State).
NMDC has made a valuable and substantial contribution to the National efforts in the mineral sector during the last five decades and has been accorded the status of schedule-A Public Sector Company. In recognition of the Company’s growing status and consistently excellent performance, the Company has been categorized by the Department of Public Enterprises as “NAVRATNA” Public Sector Enterprise in 2008.
Strong back up of an ISO 9001 certified R&D Centre, which has been declared as the “Centre of Excellence” in the field of mineral processing by the Expert Group of UNIDO.
NTPC BuyBack Offer Deal 2020
| Symbol | NTPC |
| Issue Period | — |
| Offer Amount | ₹ 2275 Cr. |
| Offer Type | Tender |
| Offer Price | ₹ 115 Per Equity Share |
| BuyBack Record Date | Nov 13 2020 |
| Date of Public Announcement | Nov 02 2020 |
| Buyback Number of Shares | 19,78,91,146 |
| Face Value | ₹ 10 |
| Book Running Lead Manager | — |
| Registrar | — |
| Contact person name number and Email id | — |
Profit & Loss Consolidated Figures Of NTPC
| Particulars | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 42,713 | 48,312 | 56,860 | 65,231 | 71,518 | 78,330 | 79,957 | 73,396 | 82,042 | 88,083 | 100,287 | 109,464 |
| Expenses + | 32,170 | 35,275 | 42,424 | 49,948 | 53,432 | 58,647 | 62,632 | 54,847 | 60,480 | 65,709 | 77,588 | 77,878 |
| Operating Profit | 10,543 | 13,037 | 14,436 | 15,282 | 18,086 | 19,682 | 17,324 | 18,550 | 21,562 | 22,375 | 22,699 | 31,586 |
| OPM % | 25% | 27% | 25% | 23% | 25% | 25% | 22% | 25% | 26% | 25% | 23% | 29% |
| Other Income | 3,376 | 2,985 | 2,412 | 3,101 | 4,839 | 2,836 | 2,365 | 1,206 | 1,627 | 5,686 | 2,830 | 8,209 |
| Interest | 2,117 | 2,078 | 1,735 | 2,139 | 2,491 | 3,263 | 3,669 | 3,366 | 3,753 | 4,447 | 5,605 | 8,189 |
| Depreciation | 2,495 | 2,894 | 2,720 | 3,107 | 3,823 | 4,770 | 5,565 | 5,771 | 6,010 | 7,460 | 8,669 | 10,356 |
| Profit before tax | 9,307 | 11,049 | 12,392 | 13,137 | 16,611 | 14,486 | 10,456 | 10,618 | 13,426 | 16,154 | 11,255 | 21,250 |
| Tax % | 13% | 20% | 25% | 25% | 24% | 21% | 4% | -2% | 20% | 35% | -25% | 44% |
| Net Profit | 8,092 | 8,838 | 9,348 | 9,813 | 12,591 | 11,404 | 9,986 | 10,801 | 10,720 | 10,544 | 13,737 | 11,600 |
| EPS in Rs | 8.18 | 8.93 | 9.45 | 9.92 | 12.72 | 11.53 | 10.09 | 10.92 | 10.83 | 10.66 | 13.88 | 11.72 |
| Dividend Payout % | 37% | 35% | 34% | 34% | 38% | 42% | 21% | 26% | 37% | 40% | 44% | 27% |
Profit from the buyback on the bases of acceptance Ratio:
Buy 1739 Shares (2,00,000/115=1739) at CMP of Rs. 90 aprox (Closing Price on 2nd Nov, 2020) [Expected Acceptance Ratio: 30%]
| Acceptance Ratio | 33% | 50% | 75% | 100% |
| Amount Invested in Buyback | 156510 | 156510 | 156510 | 156510 |
| No. of Shares buyback | 574 | 870 | 1304 | 1739 |
| BuyBack Profit | 14347 | 21738 | 32606 | 43475 |
| Profit | 9.17% | 13.89% | 20.83% | 27.78% |
Also read related articles.
