Latest news with #DOMS
Time of India
20-05-2025
- Business
- Time of India
DOMS Industries Q4 profit rises 9% on strong revenue growth, eyes double-digit growth in FY26
New Delhi: DOMS Industries , on Monday, has reported a solid 9.3 per cent year-on-year increase in net profit for Q4 FY25, which stood at Rs 51.3 crore, driven by healthy demand across core categories and new product launches, as per a regulatory filing. Its revenue for the quarter rose 26 per cent to Rs 508.7 crore, up from Rs 403.7 crore in the same period last year. EBITDA stood at Rs 88.3 crore, a growth of 16.2 per cent, although margins moderated to 17.3 per cent from 18.8 per cent in Q4 FY24. For the full fiscal year, the company posted a 33.7 per cent surge in net profit to Rs 213.5 crore, while revenue from operations grew 24.4 per cent to Rs 1,912.6 crore. EBITDA for FY25 stood at Rs 348.4 crore, up 27.8 per cent year-on-year, with margins improving to 18.2 per cent from 17.7 per cent last year. Santosh Raveshia , managing director of the company, attributed the performance to consistent execution and operational discipline despite macroeconomic challenges. 'This growth was supported by steady performance across our core categories, the launch of new products, and the smooth integration of Uniclan .' The board has recommended a dividend of Rs 3.15 per share (31.5 per cent), subject to approval. In line with its long-term strategy, DOMS is deepening its presence in the paper stationery segment with the acquisition of a 51 per cent stake in Siliguri-based Super Treads Private Limited . The move is expected to enhance production capabilities and cater to growing demand in East India. Looking ahead, the company remains optimistic about sustaining a double-digit growth trajectory in FY26, supported by continued investments in scholastic and office stationery and paper products. Construction is underway at its 44-acre greenfield facility, with the first building expected by Q3 FY26 and commercial production slated for Q4 FY26. 'We are poised to maintain our growth momentum through capacity expansion, product innovation, and stronger market penetration,' said Raveshia. DOMS Industries, known for branded stationery, said it will continue to evolve as a category leader by leveraging premiumisation, strategic acquisitions, and disciplined execution.
Mint
23-04-2025
- Business
- Mint
Proxy advisers rule against agreement between DOMS promoters
Mumbai: Stationery major DOMS Industries Ltd wants to return to the status quo it had before its public markets debut in 2023, where its two sets of promoters have an agreement on board appointments, sharing of information, exclusivity to certain markets, and a veto on key company decisions. Italian stationery and art supplies maker Fabbrica Italiana Lapis ed Affini SpA (FILA) is one of the promoters. The other set of promoters, who are based in India, include Santosh Raveshia, Sanjay Rajani, Ketan Rajani and Chandni Somaiya, among others. Together, the two promoters groups own 70.39% of the company's shares. However, three proxy advisory firms have recommended that shareholders vote against three resolutions put forth by the company that would enshrine this pre-initial public offering (IPO) agreement between its promoters into its articles of association. Also read | How did Gensol's lenders miss a ₹ 262-crore gap for more than a year? If approved, these resolutions will effectively give the company's Indian promoters the right to appoint the managing director, its Italian promoter FILA to appoint the chairman, and distribute the rights to appoint various board committees between them. The promoters will also have rights on board nominations corresponding to their shareholding. The company could also expand its board from a maximum of 15 to 20 directors. Currently, it has 12 directors, four of who are independent. The Indian company will give exclusive rights to FILA to distribute its products in export markets where the Italian company already has a presence, as part of a shareholder's agreement put forth by the company for shareholder ratification. Meanwhile, DOMS will have exclusive rights to distribute FILA products in India, Nepal, Bhutan, Sri Lanka, Bangladesh, Myanmar and Maldives. Lastly, FILA will have access to the financial and non-financial information of DOMS Industries on a monthly basis. Proxy advisory firms InGovern, Institutional Investor Advisory Services (IiAS) and Stakeholder Empowerment Services (SES) have recommended that shareholders vote against the three resolutions put forth by the stationery company citing corporate governance concerns. 'As a governance best practice, we recommend the Chair of the Board should be an Independent Director. We do not support clauses that allow a promoter to nominate Chair," InGovern noted in its report published this month. Meanwhile, it said the appointment of the managing director should be done in consultation with the nomination and remuneration committee, which should consist of only independent directors. It should not be the exclusive prerogative of the Indian promoters, it said. Also read | Creditors seize pledged shares as small, mid-caps slide The clause allowing FILA exclusive distribution rights for products made by DOMS in export markets where it is already present 'restricts the company's future exports and profitability based on FILA's decisions", proxy advisor IiAS noted in its report. DOMS Industries said these agreements with FILA existed before its IPO but had to be terminated during the listing process. 'We had this agreement with FILA since 2012. However, when we were going for the IPO, Sebi (Securities and Exchange Board of India) said that we had to terminate the agreement and renew it post listing with shareholder approval. That is what we are doing now," a spokesperson for the company said. SES said that similarly sized companies have a board strength of about nine. Currently, DOMS has a board consisting of twelve directors - four executive directors, four non-executive non-independent directors and four independent directors. 'To SES, it appears that the proposed increase is de-linked from any requirements of the Company. Rather, it seems to be a provision being created to accommodate the 'Special Rights" clause that is contained under the (shareholders agreement," the proxy advisory firm noted in its report. The DOMS spokesperson said that the company wants to increase the board size to accommodate a non-independent chairperson appointed by FILA. Having a non-independent chairperson would make it mandatory for the company to have half of its board members to be independent by law. The company wants a larger board to accommodate eight independent directors, which would take its total board strength to 16 – more than the 15 currently allowed by its articles of association. Italian stationery and art supplies maker FILA, which invested in DOMS in 2012, currently holds 26.01% stake in the company. The company's Indian promoters control 44.37%, taking the total promoter shareholding to 70.39%. Also read | Adani Ports to buy Australian terminal from promoter entity The special resolutions put forth by the company would need at least 75% shareholder votes in favour for ratification. A negative verdict by proxy advisory firms could put in jeopardy the company's plans to return to its pre-IPO status quo. Institutional investors like mutual funds, insurance companies and foreign funds, which control about 25.72% of the company, rely on the inputs of proxy advisors for their voting decisions. The e-voting on the resolutions began on 27 March and will close on Friday, 25 April at 5 pm. 'The company has been implementing strategic initiatives over the last couple of years, and these efforts are expected to bear fruit in the coming year," analysts at Axis Securities said in a note on 5 February. Key initiatives include focus on operational efficiency, expansion into the pens category from its focus on pencils, investment in a greenfield manufacturing facility and expansion of its distribution channel. Shares of DOMS Industries gained 3.9% on Tuesday to close at ₹ 3,010. The stock has gained 66% in the last year compared to an 8% gain in benchmark Sensex over the same period. Known for its pencils, the company has a market capitalization of ₹ 18,266 crore.
Yahoo
16-03-2025
- Health
- Yahoo
Two dumbbells, 30 minutes, and six exercises to build muscle all over and a stronger core
When you buy through links on our articles, Future and its syndication partners may earn a commission. Everyone's obsessed with full-body workouts, and there's a good reason as to why. Not only can they save you workout time by utilising multi-joint movements, hitting multiple muscle groups all at once, but studies have shown that two full-body workouts a week can deliver the same muscle and strength gains as four upper-lower-split workouts. You don't need fancy gym machines for them either, as this workout shows. All that's required is a pair of dumbbells and 30 minutes of commitment and hard graft. As well as giving your cardiovascular system a run for its money—as multi-joint exercises require your body to deliver more oxygen to the muscles, thus raising your heart rate, giving it a good ol' workout—they're also excellent for working your core too. This is because exercises that engage multiple muscles at once, like a squat or deadlift, require engagement from the core muscles to help stabilise your spine. So, although you may not be doing a crunch or plank, you're still strengthening your core in a functional way so you have better balance and can move more efficiently. If you don't have dumbbells, you can always substitute them for two kettlebells. Perform each exercise for 6-8 reps with 30 seconds of rest in between. After completing all exercises, rest for 60 seconds, then repeat the workout 2-3 more times. If using heavy weights, feel free to extend rest periods (e.g. 30 to 60-90 seconds or 60 seconds to 2 minutes). Here's the workout: Bent over row Squat with a two second eccentric Single leg Romanian deadlift Kneeling shoulder press Lateral squat Floor press If you're a fan of full-body workouts, then we've got plenty more that you can try. This full-body dumbbell circuit from Arnold Schwarzenegger isn't just good for muscle growth, but those days you're pushed for time, as it'll only take you 20 minutes to blast through. More time to spare? Here's a 40 minute workout you can try—FYI DOMS is highly likely the following day.
