SHALIMAR PAINTS - QTRLY RESULTS - Q3 FY 2012 - 3 rd Q / E DEC, 2011 - NET SALES UP 28.31% YoY; NPT UP 56.61% YoY

Shalimar Paints Limited

NSE Symbol        SHALPAINTS

SHALIMAR PAINTS HAS declared reasonable results for the third quarter ending Dec,2011.

Net Sales stands at Rs.125.15 cr – up by  13.34% from Q2 FY 12; and up by  28.31% from Q3 FY 11.

Raw Materials stands at Rs.82.88 cr – up by 14.51% from Q2 FY 12; and up by   40.95% from Q3 FY 11.

Total Expenditure stands at Rs.117.29 cr in Q3 FY 12 – up by  12.15% from Q2 FY 12; and up by  26.79% from Q3 FY 11.

Profit from Operations stands at Rs.8.14 cr – up by  37.27% from Q2 FY 12 ;and  up by  51.87% from Q3 FY 11.

Profit before tax stands at Rs.5.62 cr – up by 61.03% from Q2 FY 12 and up by 53.55% from Q3 FY 11.

Tax expense stands at Rs.1.83 cr – up by  61.95% from Q2 FY 12 ; and up by  47.58% from Q3 FY 11.

Net Profit stands at Rs.3.79 cr – up by  60.59% from Q2 FY 12; and up by  56.61% from Q3 FY 11.

On a Face value of Rs.10, the Basic EPS stands at Rs.10.01 in Q3 FY 12; Rs.6.23 in Q2 FY 12; and Rs.6 in Q1 FY 12; Rs.9.35 in Q4 FY 11; and Rs.6.39 in Q3 FY 11.

The annual EPS is likely to be around Rs.32.

The current Market price is Rs.439.05 while the 52 week high price  is Rs.998 and the 52 week low price

Shalimar Paints Limited  is Rs.221.55.

The PE Ratio works out to 13.72

RESULTS TABLE

SHALIMAR PAINTS	31-Dec-11	30-Sep-11	%DIF1	30-Jun-11	31-Mar-11	31-Dec-10	%DIF2
Net Sales	12515	11042	13.34	10075	12900	9754	28.31
Other Operating Income	28	9	211.11	28	33	33	-15.15
Increase in SIT/WIP	-381	-287	32.75	-999	-53	-467	-18.42
Raw Materials	8288	7238	14.51	7242	7645	5880	40.95
Traded Goods	576	493	16.84	455	489	408	41.18
Employees Cost	622	621	0.16	620	546	603	3.15
Depreciation	109	110	-0.91	98	58	108	0.93
Other Expenditure	2515	2283	10.16	2156	3608	2719	-7.5
Total Expenditure	11729	10458	12.15	9572	12293	9251	26.79
Profit from Operations	814	593	37.27	531	640	536	51.87
Other Income	49	26	88.46	39	40	56	-12.5
Interest	301	270	11.48	228	247	226	33.19
Profit before tax	562	349	61.03	342	433	366	53.55
Tax expense	183	113	61.95	111	79	124	47.58
Net Profit	379	236	60.59	231	354	242	56.61
Face Value (In Rs	0	0		0	10	0
Paid Up Equity	379	379	0	379	379	379	0
Basic EPS	10.01	6.23	60.67	6	9.35	6.39	56.65
Public Holding (%)	37.7	37.7	0	37.7	37.7	37.7	0

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