Jaiprakash Associates Ltd


BSE: 532532 | NSE: JPASSOCIAT | ISIN: INE455F01025 
Market Cap: [Rs.Cr.] 12,706 | Face Value: [Rs.] 2
Industry: Construction

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Board Meet

30-May-12 
Jaiprakash Associates Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 30, 2012, inter-alia, to consider (a) Un-audited Financial Results of the Company for the year ended March 31, 2012 and (b) Recommendation of Final Dividend for the year ended March 31, 2012. With reference to earlier announcement dated May 22, 2012 informing about the next meeting of the Board of Directors of the Company to be held on May 30, 2012, Jaiprakash Associates Ltd has now informed BSE that the Board, in its said meeting fixed for May 30, 2012 will, inter-alia, consider (a) Audited Financial Results of the Company for the year ended March 31, 2012 (instead of un-audited results, as inadvertently conveyed earlier) and (b) Recommendation of Final Dividend for the year ended March 31, 2012. 
14-Feb-12 
Jaiprakash Associates Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on February 14, 2012, inter alia, to consider Un-audited Financial Results of the Company for the Quarter ended December 31, 2011 (Q3). Jaiprakash Associates Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 14, 2012, inter alia, have co-opted Ms. Homai A. Daruwalla, as an Independent Director of the Company w.e.f. February 14, 2012, in place of Dr. J. N. Gupta, whose resignation was accepted by the Board with effect from the said date. (A sPer BSE Announcement Website Dated on 14/02/2012) 
14-Nov-11 
Jaiprakash Associates Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on November 14, 2011, inter alia, to consider the following: 1. Un-audited Financial Results of the Company for the Quarter ended September 30, 2011. 2. The recommendation of the Committee in Directors on restructuring of the Company's cement business. Jaiprakash Associates Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 14, 2011, inter alia, has accepted the recommendations of the Committee of Directors to demerge Company's Cement Plants in Gujarat & Andhra Pradesh and its other units viz. Asbestos Sheet Plants, Heavy Engineering Workshop & Hi Tech Casting Centre / Foundry into its Wholly Owned Subsidiary, namely, Jaypee Cement Corporation Limited implementing 3 MTPA Cement Plant in Karnataka, subject to requisite approvals and sanction of the Scheme of Arrangement by Hon'ble High Court. (As Per BSE Announcement Dated on 14.11.2011) 
12-Aug-11 
Jaiprakash Associates Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 12, 2011, inter alia, to consider the following; 1. Audited Financial Results of the Company for the year ended March 31, 2011. 2. Recommendation of Final Dividend for the year ended March 31, 2011. 3. Un-audited Financial Results of the Company for the Quarter ended June 30, 2011 (Q1). Jaiprakash Associates Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 12, 2011, inter alia, has recommended Final Dividend of Re. 0.40 per equity share of Rs. 2/- (20%) amounting to Rs. 85.06 Crores excluding Dividend Distribution Tax of Rs. 13.80 Crores for the financial year 2010-11 in addition to Interim Dividend of Re. 0.40 per equity share of Rs. 2/- (20%) paid in February 2011 for the said Financial Year. Thus, the total Dividend for the year ended March 31, 2011 would be Re. 0.80 per share of Rs. 2/- (40%), aggregating Rs. 170.12 Crores, excluding aggregate Dividend Distribution Tax of Rs. 13.80 Crores. (As Per BSE Announcement Website dated on 13.08.2011) 
14-May-11 
Jaiprakash Associates Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 14, 2011, inter alia, to consider Un-audited Financial Results of the Company for the Quarter ended March 31, 2011. 

AGM

27-Sep-11
Jaiprakash Associates Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 21, 2011 to September 27, 2011 (both days inclusive) for the purpose of Payment of Final Dividend & Annual General Meeting (AGM) of the Company to be held on September 27, 2011. Jaiprakash Associates Ltd has informed BSE that the Annual General Meeting (AGM) of the Company was held on September 27, 2011. 1. Adoption of the audited Balance Sheet as at March 31, 2011, the Profit and Loss Account for the year ended on that date and the Reports of the Directors and the Auditors thereon. 2. Confirmation of the interim dividend and declaration of final dividend for the Financial Year 2010-11. 3. Re-appointment of Shri Sunny Gaur as Director. 4. Re-appointment of Shri B. K. Goswami as Director. 5. Re-appointment of Shri S. C. Gupta as Director. 6. Re-appointment of Shri R. K. Singh as Director. 7. Re-appointment of Shri S. D. Nailwal as Director. 8. Re-appointment of M/s. M. P. Singh & Associates, Chartered Accountants as Statutory Auditors of the Company. Special Business 9. Appointment of Shri Rahul Kumar as Director. (AsPer BSE Annoncement Website Dated on 28/09/2011) 
21-Sep-10
AGM 21/09/2010 Jaiprakash Associates Ltd has informed BSE that the members at the 13th Annual General Meeting (AGM) of the Company held on September 21, 2010, inter alia, have accorded to the following: 1. Adoption of the audited Balance Sheet as at March 31, 2010, the Profit & Loss Account for the year ended on that date and the Reports of the Directors and the Auditors thereon. 2. Confirmation of interim dividend and declaration of final dividend for the financial year 2009-10. 3. Re-appointment of S/Shri. R N Bhardwaj, M. S Srivastava, B K Taparia, S C Bhargava and Pankaj Gaur as Directors retiring by rotation. 4. Appointment of M/s. M P Singh & Associates, Chartered Accountants, as Statutory Auditors of the Company, to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company and authorizing the Board of Directors to fix their remuneration. 5. Appointment of Shri. V K Chopra & Dr. B Samal as Directors of the Company, liable to retire by rotation. (As Per BSE Announcement Website dated on 21.09.2010) 
29-Sep-09
Jaiprakash Associates Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 24, 2009 to September 29, 2009 (both days inclusive) for the purpose of Annual General Meeting (AGM) of the Company to be held on September 29, 2009. Jaiprakash Associates Ltd has informed BSE that the members at the 12th Annual General Meeting (AGM) of the Company held on September 29, 2009, inter alia, have accorded to the following: 1. Adoption of the audited Balance Sheet as at March 31, 2009, the Profit & Loss Account for the year ended on that date and the. Reports of the Directors and the Auditors thereon. 2. Confirmation of two interim dividends and declaration of final dividend for the financial year 2008-09. 3. Re-appointment of S/Shri Sunny Gaur, Shri S.C. Gupta, Gopi K. Arora, Sarat Kumar Jain & Ranvijay Singh as Directors retiring by rotation. 4. Appointment of M/s. M. P. Singh & Associates, Chartered Accountants, as Statutory Auditors of the Company, to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company and authorizing the Board of Directors to fix their remuneration. 5. Approval accorded to Employees Stock Purchase Scheme, 2009 for offering and allotting 1.25 crores Equity Shares of Rs. 2/ - each of the Company at a price of Rs. 60/- per share to the employees (including Directors) of the Company and its subsidiaries. 6. Approval under Section 372A of the Companies Act, 1956 to make investment of surplus funds of the Company from time to time in Mutual Fund Scheme(s), debt instruments / securities. 7. Approval under Section 372A of the Companies Act, 1956 to make additional investment of upto Rs. 200 crores in aggregate in two subsidiaries of the Company namely Bhilai Jaypee Cement Ltd. and Bokaro Jaypee Cement Ltd. through equity/debt/providing of security guarantee. 8. Approval in terms of Section 293(1)(a) of the Companies Act, 1956 to mortgage and/or charge, subject to the existing charges, immovable and movable properties of the Company in favour of (i) Punjab National Bank (PNB) and (ii) IDBI Trusteeship Services Ltd to secure the Term Loan and the NCDs from PNB, ICICI Bank Ltd. and others. (As per BSE Announcement Dated on 06.10.2009) 
27-Aug-08
Jaiprakash Associates Ltd has informed BSE that the Annual General Meeting (AGM) of the Company will be held on August 27, 2008. Jaiprakash Associates Ltd has informed BSE that the members at the 11th Annual General Meeting (AGM) of the Company held on August 27, 2008, inter alia, have accorded to the following: 1. Adoption of the audited Balance Sheet as at March 31, 2008, the Profit & Loss Account for the year ended on that date and the Reports of the Directors and the Auditors thereon. 2. Confirmation of two interim dividends and declaration of final dividend for the financial year 2007-08. 3. Re-appointment of S/Shri. B K Taparia, Shri. S C Bhargava, Pankaj Gaur, B K Goswami & S D Nailwal as Directors retiring by rotation. 4. Appointment and remuneration of M/s. M P Singh & Associates, Chartered Accountants, as Statutory Auditors of the Company, to hold office from the conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting of the Company, 5. Appointment by way of Ordinary Resolution, of S/ Shri. Jaiprakash Gaur and Shri. R K Singh, Directors, liable to retire by rotation. 6 Approval in terms of Section 293(1)(a) of the Companies Act, 1956 to mortgage and / or charge, subject to the existing charges, immovable and movable properties of the Company in favour of (i) Axis Bank Ltd. and Axis Bank Ltd (ii Canara Bank. Jaiprakash Associates Ltd has informed BSE that the members at the 11th Annual General Meeting (AGM) of the Company held on August 27, 2008, inter alia, have declared Final Dividend of Re 0.40 per equity share of Rs 2 each (20%) as recommended by the Board of Directors. (As per BSE Announcement dated on 27/08/2008) 
30-Aug-07
Jaiprakash Associates Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 14, 2007, had decided to raise an amount of upto US$ 1 Billion in two or more tranches out of which US$ 400 million (including Green-shoe option) was decided to be raised through issue of FCCBs. Further the Company has informed that, the Company has sought the approval of the shareholders for the aforesaid proposal in its ensuing Annual General Meeting fixed for August 30, 2007. Jaiprakash Associates Ltd has informed BSE that the members at the 10th Annual General Meeting (AGM) of the Company held on August 30, 2007, inter alia, have approved the following business: 1. Adoption of the Audited Balance Sheet as at March 31, 2007, Profit and Loss Account for the year ended on that date and the reports of Directors and Auditors thereon. 2. Confirmation of Interim Dividend (20%) and declaration of Final Dividend (16%) for the financial year 2006-07. 3. Reappointment of S/Shri. Sunny Gain, D N Davar, Gopi K Arora, S K Jain, M S Srivastava as Directors retiring by rotation. 4. Appointment & remuneration of M/s. M P Singh & Associates, Chartered Accountants, as Statutory Auditors of the Company, to hold office from the conclusion of this Annual General Meeting until the conclusion of next Annual General Meeting of the Company. 5. Appointment of S/Shri. ERC Shekar, A K Jain and R N Bhardwaj, Directors, liable to retire by rotation. 6. Approval in terms of Section 293(1)(a) of the Companies Act, 1956 to mortgage and / or charge, immoveable and moveable properties of the Company in favour of (i) UTI Bank Ltd and (ii) ICICI Bank Ltd. 7. Approval for enhancement of borrowing powers of Board of Directors upto Rs 15000 Crores in terms of Section 293(1)(d) of the Companies Act, 1956. 8. Approval in terms of Section 149(2A) of the Companies Act for commencement of all or any of the business set out in Clauses 4,27 & 29 of the Other Objects Clause of the Memorandum of Association of the Company. 9. Approval of Members to raise an aggregate amount upto USD One billion or equivalent through Global Depository Receipts / American Depository Receipts / Foreign Currency Convertible Bonds. (As Per BSE Announcement Website Dated on 11/09/2007) 

EGM

25-Feb-12
Jaiprakash Associates Ltd has informed BSE that by an order made on January 04, 2012, the Hon'ble Court has directed that, separate meetings of the Equity Shareholders & Creditors of Jaiprakash Associates Ltd. be held at Jaypee Institute of Information Technology University, A- 10, Sector 62, NOIDA - 201307 (UP), on February 25, 2012, for the purpose of considering, and if thought fit, approving, with or without modification, the proposed Scheme of Arrangement between Jaiprakash Associates Limited and Jaypee Cement Corporation Limited and their respective shareholders and creditors. Jaiprakash Associates Ltd has informed BSE that the Equity Shareholders and Creditors of the Company have, in their respective Meetings held on February 25, 2012, duly approved the Scheme of Arrangement between the Company and its Wholly Owned Subsidiary, Jaypee Cement Corporation Limited (JCCL) to hive off so of Cement Plants and other Units of the Company to JCCL. (As Per BSE Announcement Dated on 27.02.2012) 
27-Mar-09
Jaiprakash Associates Ltd has informed BSE that pursuant to an order made on February 09, 2009, the Court has directed that a meeting of the Equity Shareholders & Creditors of the Company will be held on March 27, 2009, for the purpose of considering, and if thought fit, approving, with or without modification, the proposed Scheme of Amalgamation of the Jaypee Hotels Ltd, Jaypee Cement Ltd, Jaiprakash Enterprises Ltd & Gujarat Anjan Cement Ltd (Transferor Companies) with Jaiprakash Associates Ltd (the Transferee Company) and also approving, with or without modification, by separate resolution, the proposed provisions relating to creation of Trust in respect of the shares held by the Applicant Companies in each other, which are not be cancelled, in terms of clauses 5.02 to 5.05 of the Scheme. Jaiprakash Associates Ltd has informed BSE that the Shareholders and Creditors of the Jaypee Hotels Ltd, Jaypee Cement Ltd, Jaiprakash Enterprises Ltd, and Gujarat Anjan Cement Ltd, have in their respective meetings convened on 27th, 28th and 29th March, 2009, in terms of the Order dated February 09, 2009 passed by the Hon'ble High Court of Judicature at Allahabad, have approved the Scheme of Amalgamation of Jaypee Hotels Ltd, Jaypee Cement Ltd, Jaiprakash Enterprises Ltd and Gujarat Anjan Cement Ltd with Jaiprakash Associates Ltd. The Chairman of the meetings, as appointed by the Hon'ble High Court of Judicature at Allahabad, shall be filing their reports directly with the Hon'ble High Court. (As Per BSE Announcement Website dated on 31.03.2009) 
06-Jun-06
Jaiprakash Associates Ltd has informed BSE that pursuant to the Order of the Court a separate meetings of the Equity Shareholders & Creditors of the Company will be held on June 06, 2006, for the purpose of considering, and if thought fit, approving, with or without modification, the proposed Scheme of Amalgamation of the Jaypee Greens Ltd with the Company. 

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
DLF 31,411.91 21.11 2.27 20.26 9.5 10.5 1.04
JP Associates 12,705.54 17.12 1.38 10.07 9.5 9.6 2.28
Oberoi Realty 8,512.65 33.34 3.79 27.02 11.7 16.4 0.00
Jaypee Infratec. 5,951.57 4.61 1.02 6.85 42.5 19.4 1.78
Unitech 5,611.96 17.16 0.59 14.93 5.9 7.6 0.60
Godrej Propert. 4,505.64 67.13 3.22 25.83 5.3 7.5 0.75
IRB Infra.Devl. 3,747.36 22.60 2.47 56.68 6.5 5.6 0.68
Prestige Estates 3,448.02 21.41 1.69 12.00 15.2 14.8 0.85
Sobha Developer. 2,895.71 14.42 1.45 12.95 10.2 9.2 0.75
Phoenix Mills 2,658.72 25.28 1.67 16.91 5.9 7.9 0.06
H D I L 2,604.09 5.34 0.27 6.87 10.7 13.1 0.49
Omaxe 2,519.37 50.57 1.75 18.90 4.4 6.5 1.01
Era Infra Engg. 2,515.20 12.48 1.40 7.86 15.5 15.6 1.71
Indbull.RealEst. 2,424.51 170.50 0.42 52.25 0.7 1.7 0.14
Sunteck Realty 2,360.00 234.31 6.64 205.01 1.8 2.3 0.06

Futures & Options Quote

 
Expiry Date
61.65 1.80  (3.0%)
Instrument: FUTSTK
Expiry Date: 31 May 2012
Open Price: 60.40
Average Price: 60.98
No. of Contracts Traded: 15,900,000
Open Interest: 33,784,000
Underlying: JPASSOCIAT
Market Lot: 4000
Previous Close: 59.85
Day’s High | Low: 61.70 | 59.95
Turnover (Cr.): 96.96
Open Int. Change: 1,424,000.00 (4.4% )
View detailed F& O quotes >>

Key Information

Key Executives:

Manoj Gaur , Executive Chairman & CEO 

Sunil Kumar Sharma , Executive Vice Chairman 

Sarat Kumar Jain , Vice Chairman 

A K Sahoo , Nominee (LIC) 


Company Head Office / Quarters:
Sector 128,
,
Noida,
Uttar Pradesh-201304
Phone : 91-120-4609000/2470800
Fax : 91-120-4609496/4609464
E-mail : jal.investor@jalindia.co.in
Web : http://www.jalindia.com
Registrars:
Alankit Assignments Ltd
2E/21 Alankit House
Anarkali Market
Jhandewalan Extn
New Delhi - 110055

Fund Holding


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