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
|
* *
* E N
D * * *
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