Hemadri's liquidation turns a ₹34 cr market cap into ₹42.77 cr cash.
All creditors have been paid. The auction proceeds exceed the company's market value, and equity distribution has begun.
What's new
- Hemadri realised ₹42.77 cr from a public e-auction of its core assets.
- The liquidator has settled all creditor claims and started distributing funds to equity holders.
- Audited book equity stands at ₹28.21 cr after an ₹8.05 cr profit on the asset sale.
Why this matters
In a voluntary liquidation, the clock is ticking down to a final payout. The asset sale has turned uncertainty into a hard number: ₹42.77 crore in cash. That sum exceeds the company's ₹34 crore market capitalization, providing a concrete ceiling for the total value available to shareholders once all costs are deducted.
What we're watching
- The final per-share distribution amount after remaining costs are settled.
- Whether the ₹28.21 cr book equity translates directly into shareholder value.
- The timeline for completing the wind-down and striking the company off the register.
The full read
Hemadri Cements has one asset left, and it just sold it. The public e-auction of the cement plant and 138 acres of land brought in ₹42.77 crore, a sum that already exceeds the company's ₹34 crore market capitalization. All creditor claims are settled. The liquidator is now distributing the remainder to equity holders. The audited balance sheet puts book equity at ₹28.21 crore, a figure that incorporates an ₹8.05 crore profit on the asset sale. The market cap has long been a guess. Now there is a hard number. The final payout per share will depend on wind-down costs, but the core question of asset realization is answered.
Questions answered
- How much cash did the asset auction generate?
- The public e-auction of Hemadri's cement manufacturing unit and 138 acres of land raised ₹42.77 crore, which has been realized.
- What is the current book value for equity holders?
- The audited balance sheet shows total equity of ₹28.21 crore. This figure includes an ₹8.05 crore profit recognized on the sale of the property and equipment.
- Who has been paid from the auction proceeds so far?
- All admitted creditor claims have been settled. The liquidator has now commenced the process of distributing the remaining funds to equity shareholders.
- How does the cash raised compare to the stock's market value?
- The ₹42.77 crore in auction proceeds exceeds the company's current market capitalization of ₹34 crore, meaning the cash in hand is worth more than the entire stock.