Joined: 28/Jul/2010
Location: India
Online Status: Offline
Posts: 426
Posted: 04/Feb/2011 at 7:46pm
Just short of Supreme...
Total Income up 20% to 585.28 Cr from 488.6 Cr.
EBIDTA up 12.3% to 81.55 Cr from 72.61 Cr.
Net Profit up 11.7% to 41.57 Cr from 37.2 Cr.
Note: Net profit includes Rs. 5.58 Cr V/s 4.14 Cr (DQ-09) being its share of profit in Supreme Petrochem.
Otherwise, Adjusted Net profit up 8.8% to 36 Cr from 33.06 Cr.
EBIDTA margin is 13.93% V/s 14.86%
PAT margin is 6.15% V/s 6.77%
Cost of goods sold as a %ge to Income is 61.42% V/s 62.95%
Employee cost slightly up but stable. Other expenses going up. Interest costs stable.
The company follows July - June Financial Year...
So, Half-Year ended Dec 2010 to Half-Year ended Dec 2009:
Total Income up 25.2% to 1010.2 Cr from 806.91 Cr.
EBIDTA up 29% to 159.77 Cr from 123.95 Cr.
Net up 43% to 87.31 Cr from 61.07 Cr.
Reported Half-Year EPS is 6.87 V/s 4.81 (FY10 Full year 12.28)
Cash EPS is Rs. 9.19 V/s 6.77 (Full Year 16.45)
Some points to note:
Plastic business has done well with sales up 24%.
Construction business has disappointed with sales of 4.15 Cr V/s 20.45 Cr last year. That explains modest rise in numbers.
The company has declared consolidated numbers for the first time with a share of profit in Supreme Petrochem (29.88% holding).
Any fluctuation in Petrochem business may affect the bottomline here too.
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main toh aam aadmi hun... jo sunta hoon wohi sach maanta hoon
Joined: 07/Sep/2008
Location: India
Online Status: Offline
Posts: 335
Posted: 04/Feb/2011 at 9:16pm
The company expects to reach Rs 2600 cr in FY11 and for FY12 to reach Rs 3200 cr. FY10 sales were 2000 cr. This is excluding the real estate sales. It also expects an OPM of 14-15%.
Joined: 07/Sep/2008
Location: India
Online Status: Offline
Posts: 335
Posted: 04/Feb/2011 at 8:53am
Originally posted by bitu1978
This Company's price has been as steady as rock in this falling market.
Absolutely. Augurs well for the turn in sentiment, whenever that comes. By the way, the stock has refused to fall in line with the overall market during the last two years also, so it is a good defensive bet in the portfolio.
Joined: 28/Jul/2010
Location: India
Online Status: Offline
Posts: 426
Posted: 23/Apr/2011 at 7:39pm
A crude shock?
Q3 results out...
(The Co. follows June ended Accounting Year)
Total Income up 29.3% to 662.51 Cr from 512.32 Cr.
EBIDTA up 13.2% to 83.68 Cr from 73.9 Cr.
Net Profit up 12.3% to 48.27 Cr from 43 Cr.
EBIDTA margin is 12.63% V/s 14.43% (MQ-10) and 13.93% (DQ-10)
PAT margin is 5.95% V/s 7.24% (MQ-10) and 6.15% (DQ-10)
Cost of goods sold as a %ge to Income up 249 bps to 66.82% V/s 64.33% (MQ-10) and 61.42% (DQ-10). Crude oil effect? If thats not enough...
Interest costs gone up 60% to 12.93 Cr from 8.08 Cr.
Interest to EBIT ratio is 19.2% v/s 13.2%
Net profit is greatly helped by:
1. Tax rate that is down to 27.55% from 35%.
2. Share of profit in associates that is up 50% to 8.83 Cr from 5.9 Cr.
Who is this associate? Supreme Petrochem Ltd.
Of interest is Crude oil which has hurt plastics business but has helped petrochem business. Supreme petro's net has gone up 50% with improvement in both EBIDTA and Net margins.
Nine Month ended March 2011 result looks better than quarterly numbers:
Total Income up 28% to 1721.23 Cr from 1344.61 Cr.
EBIDTA up 23% to 243.45 Cr from 197.85 Cr.
Net up 30.3% to 135.59 Cr from 104.07 Cr.
Reported 9 month EPS is 10.67 V/s 8.19 (Full year ended Jun-10 is 12.28)
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main toh aam aadmi hun... jo sunta hoon wohi sach maanta hoon
Joined: 07/Sep/2008
Location: India
Online Status: Offline
Posts: 335
Posted: 15/Jul/2011 at 12:36pm
Supreme has shot up in the last few days to around 200-205 now. It's annual results are expected on July 25. Personally, I think it is getting to its fair value. Ironically, I saw a CRISIL buy report on the company that came out today, saying that it is undervalued!
Buy/Sell decision on my side would be dependent on the results.
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