Shiv Vani
Oil & Gas Exploration
Services Limited
Incorporated in 1989,
Shiv-Vani has rapidly evolved to emerge as a key player in the upstream sector
of the hydrocarbon industry. Headquartered in New Delhi (India), the company
offers a wide spectrum of services in the field of oil and natural gas
exploration and production – as below.
Core Services : Seismic Data Acquisition, Processing and
Interpretation
Specialised
Services : Comprehensive array of specialized upstream services to meet the
custom
Coal Bed Methane : India’s only integrated service provider for CBM
Offshore Drilling : Offshore Drilling
Gas Compression &
Allied Services : Leveraging its experience and expertise,
successfully catered to the natural gas ; Offshore Logistics,
Platforms & Structure ; High-end technologies and
top-level maintenance for offshore exploration
ANALYSIS OF RESULTS OF FY 12
WITH FY
11 & FY 10
(CONSOLIDATED)
Net sales for FY 12 Stands at Rs.1484.03 Cr; up by 1.51%
from FY 11 (Rs.1461.95 Cr); and up by 18.53% from FY 10 (Rs.1252 Cr).
Total expenses for
FY 12 Stands at Rs.962.18 Cr; up by 1.91% from FY 11 (Rs.944.17 Cr); and
up by 19.82% from FY 10 (Rs.803.03 Cr).
Profit from operations for FY 12 Stands at
Rs.521.85 Cr; up by 0.79% from FY 11 (Rs.517.77 Cr); and up
by 16.23% from FY 10 (Rs.448.98
Cr).
Other income for FY 12 Stands at Rs.32.25
Cr; up by 158.2% from FY 11 (Rs.12.49 Cr); and up
by 663.7% from FY 10 (Rs.4.22 Cr).
Finance costs for FY 12 Stands
at Rs.306.62 Cr; up by 18.63 %
from FY 11 (Rs.258.47 Cr); and up by 58.86% from
FY 10 (Rs.193 Cr).
Profit before tax for FY
12 Stands at Rs.247.49 Cr; down by -9.23%
from FY 11 (Rs.272.65 Cr); and down by -4.88% from FY 10
(Rs.260.19 Cr).PBT for FY 12 is down with reference to both the previous years.
Tax expense for FY 12 Stands
at Rs.38.20 Cr; down by -17.51 %
from FY 11 (Rs.46.31 Cr); and down by -37.46%
from FY 10 (Rs.61.08 Cr). The lower tax expense has improved profitability to
some extent in FY 12.
Net Profit for FY 12 Stands at Rs.209.29 Cr; down
by -7.53% from FY 11 (Rs.226.34 Cr); and up
by 5.11% from FY 10 (Rs.199.12 Cr).
Face Value of the Share
is Rs.10; and Paid-up equity stands at Rs.46.36 Cr.
Reserves at the end of
FY 12 stand at Rs.1495.93 Cr.
EPS- Basic stands at
Rs.45.15; and EPS- Diluted stands at Rs.37.83 for FY 12 ; which is down with
reference to both the 2 preceding Years.
Public shareholding
stands at 45.08%.
52 week high/low price :
224.80/128.30
Current MP : Rs.129.20.
The PE Ratio for the FY 12 diluted EPS works out to 3.42.
ANNUAL RESULTS TABLE
|
shiv-vani oil
|
FY 12
|
% dif btw FY12&11
|
FY11
|
%dif btw fy12&10
|
FY10
|
|
Net sales
|
148403.16
|
1.51
|
146194.83
|
18.53
|
125200.92
|
|
Materials consumed
|
22760.78
|
85.82
|
12248.54
|
111.18
|
10777.73
|
|
Employee benefits
|
10452.6
|
13.18
|
9235.58
|
28.17
|
8155.58
|
|
Depreciation
|
16704.63
|
6.39
|
15701.69
|
55.88
|
10716.09
|
|
Other expenses
|
46300.02
|
-19.1
|
57231.41
|
-8.59
|
50653.7
|
|
Total expenses
|
96218.03
|
1.91
|
94417.22
|
19.82
|
80303.1
|
|
Profit from operations
|
52185.13
|
0.79
|
51777.61
|
16.23
|
44897.82
|
|
Other income
|
3225.8
|
158.2
|
1249.35
|
663.7
|
422.39
|
|
Finance costs
|
30661.99
|
18.63
|
25847.41
|
58.86
|
19300.9
|
|
Profit before tax
|
24749.69
|
-9.23
|
27265.52
|
-4.88
|
26019.31
|
|
Tax expense
|
3820.1
|
-17.51
|
4631.16
|
-37.46
|
6107.79
|
|
Net Profit
|
20929.59
|
-7.53
|
22634.36
|
5.11
|
19911.52
|
|
Net Profit -consolidated
|
20929.67
|
-7.53
|
22634.36
|
5.11
|
19911.52
|
|
Face Value (in Rs.)
|
10
|
0
|
10
|
0
|
10
|
|
Paid-up equity
|
4636.05
|
0
|
4636.05
|
0
|
4636.05
|
|
Reserve
|
149593.98
|
7.87
|
138684.61
|
28.66
|
116270.24
|
|
EPS- Basic
|
45.15
|
-7.52
|
48.82
|
-0.31
|
45.29
|
|
EPS- Diluted
|
37.83
|
-13.87
|
43.92
|
-16.47
|
45.29
|
|
Public shareholding(%)
|
45.08
|
-0.46
|
45.29
|
-7.76
|
48.87
|
QUARTERLY RESULTS SUMMARY
FOR Q1 FY 2013
As can be seen from the
Table below, Net sales have registered steep decline in q1 FY 13 compared to Q1
FY 12. Expenditure has also declined but less than Proportionately. Hence, Net
Profit for Q1 FY 12 stands at Rs.18.2 Cr against Rs.22.64 Cr in Q1 FY 11.
Diluted EPS has come down to Rs.3.57 from Rs.4.55
QUARTERLY RESULTS TABLE-SUMMARY
|
shiv-vani oil
|
30-Jun-12
|
31-Mar-12
|
31-Dec-11
|
30-Sep-11
|
30-Jun-11
|
|
Net Sales
|
29547.72
|
29474.87
|
32213.08
|
28895.48
|
34953.57
|
|
Total Expenditure
|
16615.47
|
17146.02
|
29703.61
|
23528.34
|
25509.12
|
|
Profit before
Interest, Dep. & Taxes
|
12932.25
|
12328.85
|
2509.47
|
5367.14
|
9444.45
|
|
Net Profit
|
1820.03
|
7609.01
|
-2191.4
|
-811.71
|
2264.06
|
|
Diluted EPS
|
3.57
|
13.55
|
-
|
-1.75
|
4.55
|
On 3rd-May-2012 – the Company has
informed that - "Shiv Vani wins an offshore drilling contract
from GUPCO and completes acquisition of offshore jack up rig". This can
perk up its results in coming quarters to some extent.
ANNUAL
REPORT 2010-11
Review of Operations
The Company’s business
consists of wide range of integrated services including onshore E&P
services ranging from seismic services, well drilling, work over operation,
extraction of methane gas out of coal beds (CBM) to integrated well services
with projects spread across over 36 sites in India and Oman (Middle East)
providing cost and time advantage.
Its total drilling /
workover fleet consists of 40 Drilling Rigs, out of which 15 Rigs (14 brand new
state of the art equipments) have capacity to drill wells up to a depth of 6000
meters, while one Rig of 3000 HP can drill up to 8000 meters. It also has 8
sets of Seismic equipments to carry out operations in varied
terrains ranging from mountains to dense forests. Other than oil & gas
service activities in Oman, substantially all of its revenues are derived from
its business activities in India. As on 31st March, 2011, it has 33 operative
sites throughout India
During FY 11, the
Company had secured one contract from ONGC for engineering, construction and
pre/post installation of Gas Gathering Station & Pipeline (10.50 KM of
10" diameter and 30 KM of 20" diameter) at Sonamura,
Tripura. The work on the project has commenced during FY
12.
In addition, during FY
11, the Company had also started operations on its Seismic Contract in Transit
Zone at KG Basin, AP - a new line of operation. Shiv-Vani is the only company
in India, which is doing Seismic Data acquisition activity in Transit Zone by
using own Marine Energy Source (Air Gun).
The detail of High
capacity Drilling Rigs deployment chart is stated below:
S. No. Location No of
Rigs Deployed Capacity
1 Sibsagar (Asam) 1 3000 HP Rig
2 Sibsagar (Asam) 3 2000 HP Rig
3 Agartala (Tripura) 2 2000 HP Rig
4 Rajhamundry (AP) 2 2000 HP Rig
5 Ankleshwar (Gujrat) 2 2000 HP Rig
6 Duliajan (Asam) 2 2000 HP Rig
7 Jabalpur (MP) 1 2000 HP Rig
8 Duliajan (Asam) 2 1500 HP Rig
Note :- A.R. for FY 12 is yet to be released by the
Company.
* * * E N D * * *
No comments:
Post a Comment