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srisaurabh2000
Senior Member
Joined: 10/Dec/2009
Online Status: Offline
Posts: 397
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   Posted: 12/Sep/2011 at 1:12am |
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Interesting development in this sector:
http://www.vccircle.com/500/news/former-vip-industries-md-sudhir-jatia-buying-5655-in-safari-inds
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srisaurabh2000
Senior Member
Joined: 10/Dec/2009
Online Status: Offline
Posts: 397
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Posted: 13/Sep/2011 at 1:52am |
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http://www.business-standard.com/india/news/vips-4-yearsshare-disclosure-error/447511/
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commnman
Senior Member
Joined: 28/Jul/2010
Location: India
Online Status: Offline
Posts: 426
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Posted: 24/Oct/2011 at 9:21pm |
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Q2/Fy-12 Results out...
Total Income up 16.3% to 174 Cr from 149.6 Cr.
EBIDTA up 1.5% to 19.7 Cr from 19.4 Cr.
Net Profit DOWN 13.5% to 10.9 Cr from 12.6 Cr.
EBIDTA margin is 11.3% V/s 20.9% (JQ-11) and 13% (SQ-10)
NET Pr margin is 6.3% V/s 13.6% (JQ-11) and 8.4% (SQ-10)
Total Raw material costs as a %ge to Income is 46.6% V/s 46% (JQ-11) and 45% (SQ-10)
Employee costs to sales is 12.3% V/s 7.8% (JQ-11) and 12.8% (SQ-10)
Discounts given to sales is 7.6% V/s 8.4% (JQ-11) and 7.9% (SQ-10)
Other expenses to sales is 22.2% V/s 16.9% (JQ-11) and 21.4% (SQ-10)
Tax Rate is 28.3% V/s 30.2% (JQ-11) and 16% (SQ-10)
H1/Fy-12 v/s H1/Fy-11:
Total Income up 16.4% to 456 Cr from 391.8 Cr.
EBIDTA up 23.5% to 78.8 Cr from 63.8 Cr.
Net up 15.2% to 49.2 Cr from 42.7 Cr.
Steep 83% increase in Tax incidence of 20.8 Cr v/s 11.4 Cr with an effective Tax Rate of 29.7% v/s 21.1% dented net profits.
Reported Half Year EPS is 17.4 V/s 15.1
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main toh aam aadmi hun... jo sunta hoon wohi sach maanta hoon
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shontou
Senior Member
Joined: 04/Aug/2011
Location: India
Online Status: Offline
Posts: 865
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Posted: 24/Oct/2011 at 9:28pm |
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OPM % 11.35 12.24 -7
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Every day, self-proclaimed stock market "experts" tell us why the market just went up or down, as if they really knew. So where were they yesterday?
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Crazy Horse
Senior Member
Joined: 07/Dec/2010
Location: India
Online Status: Offline
Posts: 156
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Posted: 24/Oct/2011 at 11:56pm |
This article along with the previous article about the ex-ceo taking control of a smaller co would seriously make me consider selling VIP if i had owned any!!
ps: i have neither owned VIP in the past or currently; but warning signals are flashing!
Originally posted by srisaurabh2000
http://www.business-standard.com/india/news/vips-4-yearsshare-disclosure-error/447511/
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The bravest are surely those who have the clearest vision of what is before them, glory and danger alike, and yet notwithstanding, go out and meet it (Thucydides, Circa 460 BC - 400 BC)
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master
Senior Member
Joined: 06/May/2008
Online Status: Offline
Posts: 831
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Posted: 24/Oct/2011 at 12:07pm |
"The August 10 letter on the discrepancy disclosure was also the day chief financial officer Manoj Tulsian had quit. While Dilip Piramal said he did not wish to say more on the shareholding issue, he said Tulsian’s exit was not linked to faulty disclosures.
“Tulsian is a senior person, a CEO-level officer. There was not much work for a person of his stature in VIP. Normally, companies require highly competent CFOs for fund raising and VIP was not looking to raise funds in the near future,” he said |
What kind of an irresponsible statement is this? First, you have faulty disclosures for 4 years and then say you don't need a competent CFO.
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Someone’s sitting in shade today because someone planted a tree long time ago.
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rohit1889
Senior Member
Joined: 25/Jun/2011
Location: India
Online Status: Offline
Posts: 518
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Posted: 16/Nov/2011 at 11:07am |
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Developments of past few days has butchered this stock 30% in last 1 month
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If you're prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand, and quickly enough so the fifth grader won't get bored.
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conservativeinv
Senior Member
Joined: 18/Jul/2010
Location: India
Online Status: Offline
Posts: 285
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Posted: 23/Nov/2011 at 12:41pm |
Master, in the Harshad Mehta days, there were unconfirmed rumours (these kind of rumours are always unconfirmed) that Harshad Mehta was hand-in-glove with this management.
Also, this promoter and promoter of PHL is from the same family, so can we expect much?
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