With Lok Sabha elections breathing life into coalition politics, market watchers have been commenting on the various benefits that entities in Andhra Pradesh and Bihar could get.
In fact, the exit polls on June 3 had sent Heritage Foods' stock soaring 55 percent over five days.
Here's a look at another 24 companies based in Andhra Pradesh--therefore 25 companies in total--that investors could track.
The list was first published by a Sebi-registered Research Analyst Sunil Gurjar, and expanded on by Moneycontrol with details of its business and financials.
1) Andhra Sugar
A leading manufacturer and exporter of sugar and sugar products, which started operations in 1952 in West Godavari's Tanuku town. The company then diversified into chemicals and fertilisers, and pharma. It ended FY24 with Rs 1,150 crore in revenue from operations and profit of Rs 53.27 crore.
2) KNR Constructions
This EPC (engineering, procurement and construction) services company, which was incorporated in 1995, operates across multiple segments including roads and highways, and irrigation and urban water infrastructure management. The company website says that its strength lies primarily in engineering projects namely construction and maintenance of roads, highways, flyovers and bridges.In FY24, it reported Rs 4,090.98 crore in revenue from operations, and a net profit of Rs 493.83 crore.
3) Likhitha Infra
This company, established in 1998, broadly does pipeline laying and construction for oil and gas companies and city gas distribution (CGD), and does operations and maintenance services for CGD companies. It's FY24 revenue from operations was Rs 422.09 crore and net profit was Rs 66.03 crore.
5) Nile Ltd
This company, established in 1984, started by manufacturing glass-lined equipment. Now it primarily does secondary manufacturing of lead and lead alloys, from two facilities located in Chouttuppal (60 km from Hyderabad) and Tirupati (120 km from Chennai). According to the company website, the combined capacity of these two plants is 1,07,000 tonnes of lead and lead alloys per annum. The company's FY24 revenue was Rs 837.62 crore and net profit was Rs 31.6 crore.
6) NMDC
This Government of India public enterprise incorporated in 1958 is the country's largest producer of iron ore and the sixth largest producer of the ore in the world. It falls under the administrative control of Ministry of Steel and, according to the company website, as been involved in the exploration of a wide range of minerals including copper, rock phosphate, limestone, magnesite, diamond, tungsten and beach sands. In FY24, it reported a turnover of Rs 21,294 crore or a 21 percent year-on-year (YoY) growth, and profit after tax of Rs 5,632 crore.
7) Andhra Bank
A 100 percent subsidiary of Union Bank, Andhra Bank was incorporated in 1991 for hire, purchase and leasing activities. In 1992, it stopped functioning as a bank and continued as a non-banking financial company (NBFC). In 2019, it reported a revenue of Rs 14,172 crore and net loss of over Rs 6,200 crore. In April 2020, the bank and Corporation Bank were amalgamated into Union Bank of India.
8) NCC Ltd
This infrastructure and construction company, was first set up in 1978 as a partnership, operates across realty, water and environment, transportation including railways, mining and transmision and distribution of electricity. Its revenue for FY24 was Rs 20,844 crore and net profit was Rs 735.13 crore.
9) Andhra Petro
The company was set up in 1984 as a joint venture between the Andhra Pradesh Industrial Development Corporation (APIDC) and Andhra Sugars Ltd. It is now an associate of Andhra Sugars. Andhra Petro manufacturs oxo-alcohols, which are solvents used to make plasticizers, lubricants, dyes, pharmaceuticals, paints, adhesives and in chemical manufacturing, among other things. In FY24, it reported a revenue of Rs 788.67 crore and net profit of Rs 63.4 crore.
10) Pennar Ind
Founded in 1975, this steel manufacturer particularly caters to the automotive industry. Its products are also used in building construction and other engineering projects. In FY24, its revenue was Rs 2,495 crore and its net profit was Rs 59.3 crore.
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11) Andhra Paper
The paper and pulp manufacturer, set up in 1964, sells both in the domestic and foreign markets. It has production facilities in Rajahmundry and Kadiyam. In FY24, it reported a revenue of Rs 1,895 crore and net profit of Rs 339.7 crore.
12) Alkali Metals
The company, founded in 1968, is a supplier of industrial and specialty chemicals. In 2000, it tried diversifying into agro-based products by buying Balaji Agro Industries; but it didn't work out as planned and therefore, in 2005, it divested its stake in Balaji Agro by selling it to Alkali Metals' promoter YVS Murty and others. In FY24, it reported a revenue of Rs 83.8 crore and net profit of Rs 1.1 crore.
13) Heritage Foods
One of the leading manufacturers of dairy products, it also operates in cattle feed and renewable energy industries. In 2017, it completed its acquisition of the dairy business of Reliance Retail. Around the time of the poll results, the stock surged by more than 45 percent after the Lok Sabha election results--it rose from Rs 455.45 on June 4 to Rs 661.25 on June 7. In FY24, it posted a revenue of Rs 3,746.3 crore and a profit of Rs 91 crore. From the exit polls on June 3, the stock had surged 55 percent over the same period.
14) Anjani Foods
Incorporated in 1983 in Andhra Pradesh's Bhimavaram, the company has a line of packaged baked goods, bakeries and cafes, and operates the brand Fresh Choice. In FY24, it reported a revenue of Rs 46.3 crore and a net profit of Rs 1.4 crore.
15) Deccan Cement
This cement manufacturer, founded in 1979, has a product mix including Orindary Portland Cement (OPC), Portland Pozzolana Cement (PPC), Portland Slag Cement (PSC) and specialty chemicals. The last product line is modified Portland cement to meet particular client needs such as Indian Railways' specifications for building concrete sleepers and for projects that need to set fast. The company also has captive power plants that runs on thermal, wind and hydro power. In FY24, it reported a revenue of Rs 815 crore and net profit of Rs 35.4 crore.
16) Crane Infrastructure
This realty company, which also earns from renting out its property, is part of Crane Group of Companies. In FY24, it had a revenue of Rs 3.6 crore and net profit of Rs 1.4 crore.
17) BGR Energy
The company provides engineering, procurement and construction (EPC) services in the power and oil and gas sectors. Its products and services include EPC of thermal and gas-based power plants, supply of super critical and sub critical steam generators, turnkey solutions for rural electrification, pipeline equipment and storage tanks. In FY24, it reported a revenue of Rs 1,120 crore and a net loss of Rs 752 crore.
18) Coastal Corp
The company, established in 1981, makes aquaculture seafood products and exports it countries including US, Canada, UAE, Australia, China, Russia, and to European countries. In FY24, it reported an annual revenue of Rs 430 crore and a net profit of Rs 8.2 crore.
19) Natco Pharma
Founded in 1981, the company makes niche and complex pharma products, and agricultural chemicals. It has a widening international presence: as of March 2022, it has eight international subsidiaries including two step-down subsidiaries. In FY24, it reported a revenue of Rs 3,673.6 crore and a net profit of Rs 1,306.6 crore.
20) Laurus Lab
This Hyderabad-headquartered pharma and biotech company has presence across US, UK, Germany and South Africa. It was founded as a private limited company in 2005 in Hyderabad, and changed to a public limited one in 2007. It was once again converted into a private company after it formed a partnership with Aptuit Singapore, and then again converted into a public limited company. In FY24, it reported a revenue of Rs 4,859.8 crore and net profit of Rs 223.7 crore.
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21) Aurobindo Pharma
This fully-integrated pharma company, established in 1986, operates across discovery, development and commercilisation functions. One of its strengths is cost-effective drug development and manufacturing, and providing affordable medicines. In FY24, it reported a topline of Rs 11,261.7 crore and bottomline of Rs 1,954.1 crore.
22) Ramco Group
The group has diversified interests in cement manufacturing, fibre cement products, cotton yarn and information technology. Among its listed companies are Ramco Cements that is a leading cement manufacturing in the south; Ramco Industries that makes fiber cement sheets and calcium silicate boards, that are used for pipe systems and construction/maintenance/modification of buildings; and Ramco Systems operates in enterprise solutions. In FY24, Ramco Cements reported a revenue of Rs 9,392.2 crore and net profit of Rs 395 crore'; Ramco Industries a revenue of Rs 1,333.6 crore and net profit of Rs 59.6 crore; and Ramco Systems a revenue of Rs 275.7 crore and net loss of Rs 113.2 crore.
23) NCL
The company, which operates the Nagarjuna Cement brand, has manufacturing facilities in Andhra Pradesh, Telangana, Karnataka and Himachal Pradesh and two captive hydro power plants. In the late eighties, the company started diversifying its business into wood particle boards; later it also diversified into prefab housing and container making. In FY24, it posted a revenue of Rs 1,889.6 crore and net profit of Rs 94.2 crore.
24) Amara Raja Batteries
Though commonly known by this name, the company established in 1985 changed its name to Amara Raja Energy and Mobility in 2023 to emphasise its ambitions to be a comprehensive energy and mobility solutions provider. It was a shift away from its battery-only offerings. It is a preferred supplier to big telecom players, the Indian Railways and leading oil & gas companies. It supplies batteries to nearly all auto manufacturers including Maruti Suzuki, Mahindra and Mahindra, Honda Motorcycles and Scooters India. In FY24, it reported a revenue of Rs 11,361 crore and a net profit of Rs 905.9 crore.
25) Olectra Greentech
The country's first electric bus maker founded in 2000 aims to be the energy solutions provider for public transport. It also makes composite polymer insulators used for power transmission and distribution, and used also by railways. In FY24, it reported a revenue of Rs 1,126 crore and net profit of Rs 73.6 crore.
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