Saturday, January 21, 2012

Foseco India Limited = ANNUAL RESULTS = CYs 2011,2010,2009 = IMPRESSIVE GROWTH


Foseco India Limited

NSE Symbol        FOSECOIND

FOSECO INDIA LIMITED has released its annual results for the calendar year ,jan-dec,2011. These are compared below with the previous  2 years.

Net Sales in CY 2011 stands at Rs.230 Cr – up by  23.69% from CY 2010 and Up by  83.51% from CY 2009. The rise in sales is thus very impressive.

Raw Materials     consumption also has increased to Rs.130.11 Cr in CY 2011 – up by  24.24% from CY 2010 and up by  95.83% from CY 2009.

Total Expenditure in CY 2011 has increased to Rs.196.98 Cr – up by  22.43% from CY 2010 and up by  79.92% from CY 2009.

Profit from Operations has increased to Rs.35.92 Cr in CY 2011 – up by  32.27% from CY 2010, and up by an impressive 101.92% from CY 2009.

Profit before tax in CY 2011 stands at Rs.37.43 Cr – up by  29.13% from CY 2010 and up by   97.32% from CY 2009.

Tax Expense in CY 2011 stands at Rs.12.15 Cr – up by   25.39% from CY 2010 and up by  87.92% from CY 2009.

Net Profit  in CY 2011 stands at Rs.25.28 Cr – up by a good 31.01% from CY 2010 and an impressive 102.18% from CY 2009.

Thus, both sales increase and Net Profits rise in these 2 years is very impressive.

Face Value (in Rs.) of its Eq share is Rs.10

Paid-up Equity share value stands continuously at Rs.6.39 Cr.

Reserves have risen to Rs.76.88 Cr in CY 2011 – from Rs.64.98 Cr in CY 2010 (Up by 18.32%); and Rs.58.36 Cr in CY2009 (up by 31.74%).

Basic EPS(Rs.) is Rs.39.59 for FY2011; Rs.30.22 in CY 2010; and Rs.19.58 in CY 2009.

Public Shareholding in the company has been 25% in 2011 and 2010 – and 13.52% in CY 2009.

Current Market price of the share is Rs.565; while the 52 week high price is Rs.623.90 and the  52 week low price is Rs.401.

So, PE Ratio is 14.27.

ANNOUNCEMENTS BY COMPANY

06-01-2012          Foseco India Limited has informed the Exchange that operations of Puducherry plant located at PIPDIC Industrial Estate, Mettupalayam, Puducherry was affected due to recent cyclone. All the assets situated at the above unit are adequately insured. Company is expected to resume normal operation from January 09, 2012. -

22-10-2011          Foseco India declared an interim dividend of Rs. 5 /- per equity share of Rs. 10/-.

22-07-2011          Foseco India has declared an interim dividend of Rs.4/- per equity share of Rs.10/- to the shareholders.

13-07-2011          Foseco India has fixed August 05, 2011 as the Record Date for the purpose of Second Interim dividend for the year 2011, if any. Further the Interim dividend once approved by the Board of Directors shall be remitted to shareholders on August 19, 2011.

15-06-2011          News Verification : The media had reports on June 14, 2011 that the foreign promoters may buyout the minority shareholder's stake in the company through an open offer. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Foseco India Limited has further vide its letter inter-alia stated, "The company is not aware of or been notified of any intention to buy out the minority shareholders as suggested in the news item; has no plans to make an open offer."

21-04-2011          Foseco has declared an interim dividend of Rs.2/- per equity share of Rs.10/-. Interim Dividend will be remitted to shareholders on May16, 2011.
ABOUT THE COMPANY

Foseco is the Foundry Division of Vesuvius and is the global leader in products and solutions for improving foundry performance.

Its stated purpose is to enable improved foundry performance by working alongside customers to develop and apply products and services that produce better casting quality and higher productivity at lower costs in a safe and healthy working environment.

RESULTS TABLE

CY2011
%DIF1
%DIF2
Net Sales
23000.4
18,594.47
23.69
12,533.73
83.51
Other Oprtng Income
289.04
210
37.64
193.21
49.6
Increase in SIT/WIP
70.75
-123.33
-157.37
27.43
157.93
Raw Materials
13010.9
10,472.33
24.24
6,643.98
95.83
Traded goods
484.54
506.39
-4.31
449.17
7.87
Employees Cost
1979.13
1,685.15
17.45
1,254.94
57.71
Depreciation
429.49
367.71
16.80
352.99
21.67
Other Expenditure
3723.03
3,180.91
17.04
2,219.71
67.73
Total Expenditure
19697.9
16,089.16
22.43
10,948.22
79.92
Profit from OperationS
3591.53
2,715.31
32.27
1,778.72
101.92
Other Income
167.97
204.11
-17.71
128.19
31.03
Profit before I& EI
3759.5
2,919.42
28.78
1,906.91
97.15
Interest
16.72
21.02
-20.46
10.11
65.38
Profit after Int B/B EI
3742.78
2,898.40
29.13
1,896.80
97.32
Profit before tax
3742.78
2,898.40
29.13
1,896.80
97.32
Tax Expense
1214.53
968.62
25.39
646.3
87.92
Net Profit
2528.25
1,929.78
31.01
1,250.50
102.18
Dividend (%)
-
-

90

Face Value (in Rs.)
10
10
0.00
10
0
Paid-up Equity
638.65
638.65
0.00
638.65
0
Reserves
7687.99
6,497.57
18.32
5,835.78
31.74
Basic EPS(Rs.)
39.59
30.22
31.01
19.58
102.2
Public Shareholding (%)
25
25
0.00
13.52
84.91

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