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8/14/2019 Tide Water Oil Co. India Ltd. Report Dated 1st Feb 2008
1/4
www.nift iews.comCompany Overview:-
Tide Water Oil Company (India) LimitedTide Water Oil Company (India) LimitedTide Water Oil Company (India) LimitedTide Water Oil Company (India) Limited
("TWOL") is a public limited co("TWOL") is a public limited co("TWOL") is a public limited co("TWOL") is a public limited company primarilympany primarilympany primarilympany primarily
engaged in the business of manufacture andengaged in the business of manufacture andengaged in the business of manufacture andengaged in the business of manufacture and
marketing of industrial and automotive lubricantsmarketing of industrial and automotive lubricantsmarketing of industrial and automotive lubricantsmarketing of industrial and automotive lubricants
and grease. The issued and paid up share capitaland grease. The issued and paid up share capitaland grease. The issued and paid up share capitaland grease. The issued and paid up share capital
of TWOL is Rs. 8.71 million comprising ofof TWOL is Rs. 8.71 million comprising ofof TWOL is Rs. 8.71 million comprising ofof TWOL is Rs. 8.71 million comprising of
871,200 shares of Rs. 10/871,200 shares of Rs. 10/871,200 shares of Rs. 10/871,200 shares of Rs. 10/---- each.each.each.each.
Andrew Yule & Company LAndrew Yule & Company LAndrew Yule & Company LAndrew Yule & Company Limited ("AYCL"), aimited ("AYCL"), aimited ("AYCL"), aimited ("AYCL"), a
government company under the administrativegovernment company under the administrativegovernment company under the administrativegovernment company under the administrative
control of the Ministry of Heavy Industries andcontrol of the Ministry of Heavy Industries andcontrol of the Ministry of Heavy Industries andcontrol of the Ministry of Heavy Industries and
Public Enterprises, Government of India, holdsPublic Enterprises, Government of India, holdsPublic Enterprises, Government of India, holdsPublic Enterprises, Government of India, holds
directly and through its group companies 27.71%directly and through its group companies 27.71%directly and through its group companies 27.71%directly and through its group companies 27.71%
of the issued and paid up equity share capital ofof the issued and paid up equity share capital ofof the issued and paid up equity share capital ofof the issued and paid up equity share capital of
TWOL. United India Insurance Company LimitedTWOL. United India Insurance Company LimitedTWOL. United India Insurance Company LimitedTWOL. United India Insurance Company Limited
("UII") and Life Insurance Corporation of India("UII") and Life Insurance Corporation of India("UII") and Life Insurance Corporation of India("UII") and Life Insurance Corporation of India
("LIC") hold 10.04% and 4.23% respectively in("LIC") hold 10.04% and 4.23% respectively in("LIC") hold 10.04% and 4.23% respectively in("LIC") hold 10.04% and 4.23% respectively in
the issued and paid up equity share capital ofthe issued and paid up equity share capital ofthe issued and paid up equity share capital ofthe issued and paid up equity share capital of
TWOL.TWOL.TWOL.TWOL. We had a Buy Call on Andrew yule last year atWe had a Buy Call on Andrew yule last year atWe had a Buy Call on Andrew yule last year atWe had a Buy Call on Andrew yule last year at
26 levels. Stock m26 levels. Stock m26 levels. Stock m26 levels. Stock made a decent high of 95 levelsade a decent high of 95 levelsade a decent high of 95 levelsade a decent high of 95 levels
in January before trending along with thein January before trending along with thein January before trending along with thein January before trending along with the
mayhem witnessed in the stock markets.mayhem witnessed in the stock markets.mayhem witnessed in the stock markets.mayhem witnessed in the stock markets.
Tide Water Oil Co (I) Ltd. (TWO) wasTide Water Oil Co (I) Ltd. (TWO) wasTide Water Oil Co (I) Ltd. (TWO) wasTide Water Oil Co (I) Ltd. (TWO) was
incorporated in thincorporated in thincorporated in thincorporated in the year 1928 in Kolkata as ae year 1928 in Kolkata as ae year 1928 in Kolkata as ae year 1928 in Kolkata as a
member of the Andrew Yule Group ofmember of the Andrew Yule Group ofmember of the Andrew Yule Group ofmember of the Andrew Yule Group of
Companies. Being a Managing Agency House, itCompanies. Being a Managing Agency House, itCompanies. Being a Managing Agency House, itCompanies. Being a Managing Agency House, it
was logical for a conglomerate like Andrew Yulewas logical for a conglomerate like Andrew Yulewas logical for a conglomerate like Andrew Yulewas logical for a conglomerate like Andrew Yule
& Co Ltd to have its own Group Company for& Co Ltd to have its own Group Company for& Co Ltd to have its own Group Company for& Co Ltd to have its own Group Company for
lubricants also. The Company started itslubricants also. The Company started itslubricants also. The Company started itslubricants also. The Company started itsoperations initioperations initioperations initioperations initially at Ramkristopur , Howrah,ally at Ramkristopur , Howrah,ally at Ramkristopur , Howrah,ally at Ramkristopur , Howrah,
primarily to meet the requirements of the Groupprimarily to meet the requirements of the Groupprimarily to meet the requirements of the Groupprimarily to meet the requirements of the Group
Companies of Andrew Yule & Co Ltd.Companies of Andrew Yule & Co Ltd.Companies of Andrew Yule & Co Ltd.Companies of Andrew Yule & Co Ltd.
KEY STATS:-
CMP : 3311
Delete box, oradd logo, photo,or other image
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TEAM
STOCKRESEARCHERSPvt. Ltd.
3 SUBHASHNAGAR CORNER,RAIYA ROAD,
RAJKOT, Gujarat, 360007
www.niftyviews.com
CONTACT:09327744250
CST NUMBER: AADCT0544JST001
DATE:01.02.2010
8/14/2019 Tide Water Oil Co. India Ltd. Report Dated 1st Feb 2008
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Over the years set up 4 moreOver the years set up 4 moreOver the years set up 4 moreOver the years set up 4 more
Plants all over India atPlants all over India atPlants all over India atPlants all over India at
Royapuram (Chennai), DeonarRoyapuram (Chennai), DeonarRoyapuram (Chennai), DeonarRoyapuram (Chennai), Deonar
(Mumbai), Silvassa (Dadra &(Mumbai), Silvassa (Dadra &(Mumbai), Silvassa (Dadra &(Mumbai), Silvassa (Dadra &
Nagar Haveli) and FaridabadNagar Haveli) and FaridabadNagar Haveli) and FaridabadNagar Haveli) and Faridabad(Har(Har(Har(Haryana). Today TWO is one ofyana). Today TWO is one ofyana). Today TWO is one ofyana). Today TWO is one of
the few Companies in India whothe few Companies in India whothe few Companies in India whothe few Companies in India who
have its own Plants spread overhave its own Plants spread overhave its own Plants spread overhave its own Plants spread over
the length and breadth of thethe length and breadth of thethe length and breadth of thethe length and breadth of the
country. While the Silvassa Plantcountry. While the Silvassa Plantcountry. While the Silvassa Plantcountry. While the Silvassa Plant
is fully automated usingis fully automated usingis fully automated usingis fully automated using
programmable logic controllers,programmable logic controllers,programmable logic controllers,programmable logic controllers,
(the latest international(the latest international(the latest international(the latest international
technology of Fishetechnology of Fishetechnology of Fishetechnology of Fisher Rosementr Rosementr Rosementr Rosement
has been adopted), the otherhas been adopted), the otherhas been adopted), the otherhas been adopted), the other
Plants of the Company havePlants of the Company havePlants of the Company havePlants of the Company havebeen upgraded suitably. Thebeen upgraded suitably. Thebeen upgraded suitably. Thebeen upgraded suitably. The
Company's Plants at SilvassaCompany's Plants at SilvassaCompany's Plants at SilvassaCompany's Plants at Silvassa
and Royapuram have obtainedand Royapuram have obtainedand Royapuram have obtainedand Royapuram have obtained
accreditation of ISO 9001accreditation of ISO 9001accreditation of ISO 9001accreditation of ISO 9001 ---- 2000200020002000
quality standards. The Silvassaquality standards. The Silvassaquality standards. The Silvassaquality standards. The Silvassa
Plant has obtained accreditationPlant has obtained accreditationPlant has obtained accreditationPlant has obtained accreditation
underunderunderunder ISO 14001 standard also.ISO 14001 standard also.ISO 14001 standard also.ISO 14001 standard also.
The company has over the yearsThe company has over the yearsThe company has over the yearsThe company has over the years
made a significant brand valuemade a significant brand valuemade a significant brand valuemade a significant brand value
for itself.We believe that goingfor itself.We believe that goingfor itself.We believe that goingfor itself.We believe that going
forward the company will showforward the company will showforward the company will showforward the company will show
strong organic growth.strong organic growth.strong organic growth.strong organic growth.
Investment Rationales:Investment Rationales:Investment Rationales:Investment Rationales:----
Over the years company hasOver the years company hasOver the years company hasOver the years company has
been a dividend payingbeen a dividend payingbeen a dividend payingbeen a dividend paying
compacompacompacompany. The real growth inny. The real growth inny. The real growth inny. The real growth insales and NPM have beensales and NPM have beensales and NPM have beensales and NPM have been
witnessed due to organicwitnessed due to organicwitnessed due to organicwitnessed due to organic
growth and increase in itsgrowth and increase in itsgrowth and increase in itsgrowth and increase in its
net realizations.net realizations.net realizations.net realizations. One important point to beOne important point to beOne important point to beOne important point to be
noted here is that Co.. is anoted here is that Co.. is anoted here is that Co.. is anoted here is that Co.. is a
subsidiary company ofsubsidiary company ofsubsidiary company ofsubsidiary company of
Andrew yule and will beAndrew yule and will beAndrew yule and will beAndrew yule and will be
ultimately sold viaultimately sold viaultimately sold viaultimately sold via
divestment processdivestment processdivestment processdivestment process.... Some of the group companiesSome of the group companiesSome of the group companiesSome of the group companies
of Tide water Oil Limited areof Tide water Oil Limited areof Tide water Oil Limited areof Tide water Oil Limited are
expected to get listed inexpected to get listed inexpected to get listed inexpected to get listed in
coming days.(Dpsc limitedcoming days.(Dpsc limitedcoming days.(Dpsc limitedcoming days.(Dpsc limited
and Hoogly printing worksand Hoogly printing worksand Hoogly printing worksand Hoogly printing works
limited.)limited.)limited.)limited.) Tide water has shown goodTide water has shown goodTide water has shown goodTide water has shown good
growth in sales and bottomgrowth in sales and bottomgrowth in sales and bottomgrowth in sales and bottom
line in quarter endingline in quarter endingline in quarter endingline in quarter ending
December 2007.December 2007.December 2007.December 2007. Buying should beBuying should beBuying should beBuying should be with twowith twowith twowith two
targets.One for short termtargets.One for short termtargets.One for short termtargets.One for short term
around 6500 where 50% ofaround 6500 where 50% ofaround 6500 where 50% ofaround 6500 where 50% of
profits is to be booked andprofits is to be booked andprofits is to be booked andprofits is to be booked and
the second one for Longthe second one for Longthe second one for Longthe second one for Long
term where the remainingterm where the remainingterm where the remainingterm where the remaining
50% should be kept to see50% should be kept to see50% should be kept to see50% should be kept to see
the best times.the best times.the best times.the best times.
8/14/2019 Tide Water Oil Co. India Ltd. Report Dated 1st Feb 2008
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MANDATORY DISCLOSURES:This document is for information only and is meant for the use of the Recipient & not for circulation.
The information contained in this document has been taken from publicly available information tradeand statistical services & other sources. While the information contained herein is from sources believed to bereliable, we do not hold ourselves responsible for its Completeness andaccuracy. All opinions and estimates included in this report constitute our judgment as of this date and are
Subject to change without notice. Investors are expected to use the information contained in this report at theirown risk. This report is not and should not be construed as an offer or the Solicitation of an offer to buy or sell anysecurities. TEAM STOCKRESEARCHERS and its affiliates may act as market maker or have assumed an underwriting
position in the securities of companies discussed herein and may sell them to or buy them from
customers on a principal basis..
8/14/2019 Tide Water Oil Co. India Ltd. Report Dated 1st Feb 2008
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Financial synopsis:Financial synopsis:Financial synopsis:Financial synopsis:----