ICSA (India) Limited
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BSE Code:
531524
NSE Code:
ICSA
Business Profile
Business Profile
ICSA (India), incorporated in 1994, provides the energy sector with innovative solutions.
The ISO 9001:2000 certified company concentrates on the power sector segment by developing intelligent automatic meter reading, distribution transformer monitoring systems, sub-station controllers, theft detection devices, energy audit service, software development and infrastructure for power. Innovative products like iCAP solutions, corrosion monitoring and control of storage tanks, underground vessel, pontoons, and foundation rebars. These products find application in sectors including energy, oil, gas, water, irrigation and mining.
New products developed include the recently patented intelligent cathodic protection, which finds application in the oil, gas and water segments; intelligent automatic water meter reading to monitor water flow, water pressure and the rate of flow of water in the pipeline; and street light monitoring control system to remotely control streetlights from the control room, resulting in power, manpower and operational savings for end users like city municipal corporations.
A joint venture agreement is in place for taking up 30% stake in a Malaysian company which would deal in marketing, distributing, licensing and providing solutions in the field of telemetry for power, utilities, oil and gas, SAP compliance using the proprietary solution including software and hardware developed by ICSA in Southeast Asia. More recently, it formed a 50:50 joint venture with Oil India to explore opportunities in oil and gas pipeline projects globally besides deploying iCAP solutions for its 2,000-Km pipeline network spread across Assam, West Bengal and Bihar.
ICSA International, a subsidiary in Singapore, will take up R&D and application projects in Singapore and look to acquire companies engaged in RFID, embedded technology and related solutions. The company`s clientele includes UP Rajkiya Nirman Nigam, The Eastern Power Distribution Company, APSPDCL, Reliance Energy, and Elmarc among many others.
The registered office is located at No. 12, 1st Floor, Software Units Layout, Cyberabad, Hyderabad-500081.
Financials
The company reported a good increase in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company rose 24.77% to Rs 452.21 million from Rs 362.44 million in the same quarter previous year. Net sales for the quarter jumped 60.85% to Rs 3,042.25 million, while total income for the quarter jumped 58.33% to Rs 3,043.36 million, when compared with the prior year period. It posted earnings of Rs 9.66 a share during the quarter, registering 8.17% growth over prior year period.
Recent Developments
18-MAR-09
The company has bagged orders amounting to Rs 4.64 bn from three companies namely Bihar State Electricity Board, Mahavitaran (Maharashtra State Electricity Distribution Co and M.P Poorv Ksheta Vidyut Vitaran Co.
09-OCT-08
Goldman Sachs on October 8 bought an additional Rs 357.5 million worth stake in the company India, at 28% premium to the company`s stock price.
07-AUG-08
The company has entered into an agreement with ECE Industries to purchase its machineries. This agreement will enable the company to manufacture the energy meters on its own capacity.