Shiv-Vani Oil & Gas Exploration Services Limited
NSE Symbol SHIV-VANI
SHIV-VANI OIL has produced good results for the 3rd Q/E third quarter ending December,2010.
NET SALES has increased to Rs.376 cr – up by 30.43% from Q2 FY 11 and by 6.86% from Q3 FY 10.
TOTAL EXPENDITURE has increased to Rs.247 Cr – up by 31.07% from Q2 FY 11 and by 10.21% from Q3 FY 10.
Profit from Operations is Rs.129 Cr – up by 29.23% from Q2 FY 11 and by 1% from Q3 FY 10.
Consolidated Net Profit is Rs.70 Cr – up by 114.77% from Q2 FY 11 and by 21.02% from Q3 FY 11.
Basic EPS (in Rs.) is Rs.15.11 – compared to Rs.7.03 in Q2 FY 11 and Rs.13.18 in Q3 FY 10.
SHIV-VANI is improving its performance very steadily.
Current Market price is around Rs.250. At Qtrly EPS of Rs.15, annualized future EPS can be around Rs.60. Thus, Shiv-Vani has good upward Potential.
RESULTS TABLE :
| Q3 FY 11 | |||
| Net Sales | 37583.55 | 28815.64 | 35169.78 |
| DIF %1 | 376 | 30.43 | 6.86 |
| Raw Materials | 2689.08 | 4282.07 | 4096.21 |
| Employees Cost | 2517.91 | 2533.51 | 2487.11 |
| Depreciation | 4086.52 | 3077.38 | 2859.74 |
| Other Expenditure | 15378.34 | 8931.04 | 12942.76 |
| Total Expenditure | 24671.85 | 18824 | 22385.82 |
| DIF %2 | 247 | 31.07 | 10.21 |
| Profit from Operations | 12911.7 | 9991.64 | 12783.96 |
| DIF %3 | 129 | 29.23 | 1 |
| Other Income | 577.54 | 977.2 | 77.69 |
| Interest | 6346.12 | 7947.17 | 5861.67 |
| Profit before tax | 7143.12 | 3021.67 | 7164.91 |
| Tax Expense | 139.46 | -239.41 | 1377.63 |
| Net Profit | 7003.66 | 3261.08 | 5787.28 |
| Consolidated NPT | 7003.66 | 3261.08 | 5787.28 |
| DIF %4 | 70 | 114.77 | 21.02 |
| Face Value (in Rs.) | 10 | 10 | 10 |
| Paid-up Equity | 4636.05 | 4636.05 | 4390.26 |
| Basic EPS (in Rs.) | 15.11 | 7.03 | 13.18 |
| Public Holding (%) | 45.89 | 46.03 | 46.01 |
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