StanRose

Stanrose Mafatlal Investments and Finance, formerly known as Sandeep Holdings Limited is a NBFC, primarily engaged in the business of Inter-corporate investments, financing and capital market related activities. Today, it is a part of the Standard Industries group while earlier, when it began, it was a subsidiary of the Mafatlal Industries.

The company had posted very good numbers for Q1FY17 but the same cannot be said for Q2. This debt free company, posted a 70% (YoY) drop in net sales at Rs.1.5 crore,  and net profit showed a 85 drop at Rs.44 lakh. H1FY17 net profit came in at Rs.4 crore v/s Rs.6 crore in FY16 but this was mainly on account of the Rs.3.55 crore net profit it posted in Q1.

Once again, typical of these olden times companies, its equity is tiny at Rs.3.97 crore and reserve is at Rs.53 crore. Promoters hold a 48.37% stake and insurance companies – LIC, GIC, New India, all together hold a 10% stake.