One company in somewhat similar business and listed is Orient Press Ltd.

I am not sure if they are direct competitors to Repro but they too are into some niche printing business like Bank Cheque books, share application forms, railway tickets, holograms, text books etc.

Edited by commnman - 12/Feb/2011 at 8:53pm

- Good financials

Q1 results out...

Total Income up 20.8% to 72.76 Cr from 60.23 Cr.
EBIDTA up 84.7% to 10.72 Cr from 5.8 Cr.
Net Profit up whopping 197% to 8.7 Cr from 2.93 Cr.

EBIDTA margin is 14.73% V/s 9.63% (JQ-10) and 13.8% (MQ-11)
NET Pr margin is 12% V/s 4.9% (JQ-10) and 13.8% (MQ-11)

Cost of Goods Sold as a %ge to Income is 56.3% V/s 59.2% (JQ-10) and 56.4% (MQ-11)
Employee costs and other expenses are down Y-o-Y.
Reported EPS of 8.01 v/s 2.74 (JQ-10) and 8.74 (MQ-11)

While calculating margins, As I went down from COGS to EBITDA to Net profit and then to Tax Rate - I had a mild shock!

Tnstead of Tax burden, This Company earns Tax Quarter after Quarter! For FY-2010 Rs. 99 lacs and for FY-2011 Rs. 3.2 Cr. Can anyone explain this.

Also note that the Company has acquired printing operations of MacMillan Publishers India Ltd. The deal also entails servicing the print requirement of MPIL in India.

I just visited their website to get previous results and pleasantly surprised to see latest result updated Right on the home page as well as in Investors section as soon as it was released to the exchanges!

The web is well designed with all the relevant information presented neatly

After Mayur UniQuoters this seems to be another feather in Hit Ji's cap
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Edited by commnman - 14/Jul/2011 at 6:35pm

Q2/Fy-12 Results out...

Total Income up 18.2% to 77.36 Cr from 65.46 Cr.
EBIDTA up 63.3% to 11.96 Cr from 7.33 Cr.
Net Profit up 84.2% to 9.4 Cr from 5.1 Cr.

EBIDTA margin is 15.5% V/s 14.7% (JQ-11) and 11.2% (SQ-10)
NET Pr margin is 12.2% V/s 12% (JQ-11) and 7.8% (SQ-10)

Raw material costs as a %ge to Income is 54.8% V/s 56.3% (JQ-11) and 58.9% (SQ-10)
Employee costs to sales is 11.2% V/s 10.7% (JQ-11) and 12% (SQ-10)
Other expenses to sales is 18.5% V/s 18.3% (JQ-11) and 17.9% (SQ-10)

Interest expense to EBIT is 19.4% V/s 20.2% (JQ-11) and 37.1% (SQ-10)

H1/Fy-12 v/s H1/Fy-11:
Total Income up 19.4% to 150.12 Cr from 125.69 Cr.
EBIDTA up 72.8% to 22.68 Cr from 13.13 Cr.
Net Profit more than doubled to 18.1 Cr from 8.04 Cr.

Reported Half Year EPS is 16.72 V/s 7.34
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