HSIL LIMITED
NSE Symbol HSIL
Result Period 2008-09 to 2009-10 (Annual)
NON-CONSOLIDATED RESULTS REVIEW
HSIL limited has improved its performance well in FY 10 over FY 09.
Net Sales has improved to Rs. 789 cr in FY 10 compared to Rs.611 Cr in FY 09, an increase of Rs.178 Cr, or, 29.13 % YOY.
Total Expenditure has also gone to Rs. 697 Cr from Rs. 535 Cr in FY 09(30.28%; Rs.162 Cr)
Net Profit has therefore increased to Rs.52 Cr from Rs. 40 Cr YOY (Rs.12 Cr or 23.08%)
Dividend has been increased to 100% from 80%.
Basic EPS on a stand alone basis on the face value of Rs.2 has increased to Rs.10.28 from Rs. 7.3
CONSOLIDATED RESULTS REVIEW
Consolidated Net Sales has increased to Rs. 804 Cr in FY 10 from Rs.616 Cr in FY 09, while consolidated Net profit has increased to Rs. 44 Cr from Rs. 33 Cr in FY 09. Consolidated Basic EPS has increased to 8.68 in FY 10 from 5.94 in FY 09.
QUARTERLY RESULTS COMPARISON
Net Sales has increased very strongly in Q4 of FY10 to Rs.258 Cr from Rs. 204 Cr in q3 and Rs.177 Cr in Q4 of FY 09. Likewise, Net Profit has increased to Rs. 31 Cr in Q4 FY 10 from 10 Cr in Q3 FY 10 and about Rs.19 cr in Q4 FY 09. This is a 200 percent increase in NPT QOQ, which is quite creditable.
Basic EPS has therefore recorded the biggest increase to Rs. 5.86 from a mere 1.81 in Q3; 1.66 in Q2; 0.44 in Q1 and 3.43 in Q4 of FY 09.
The company has informed the Exchange on 17-03-2010 that it has entered into Business Transfer Agreement with Havells India Ltd. on March 16, 2010, whereby it is acquiring whole of its "Business Undertaking" engaged in the business of manufacturing and dealing in chrome plated brass bathroom fittings and accessories (Faucet Business), situated at Bhiwadi, Rajasthan for cash consideration. With this acquisition our Company intends to become number two player in Faucet Business in next one year.".
This acquisition appears to be significant for enhancing the sales and profitability of HSIL in coming quarters.
On the market price of Rs.85.40, the PE ratio for HSIL works out to 8.31 (on stand alone / Nonconsolidated EPS of 10.28).Looking at the likely forward earnings in future quarters, there seems to be enough potential for price appreciation for medium to long term investors.
NON-CONSOLIDATED FIGURES
COMPARISON
Result Type Audited, Cumulative, Non-Consolidated
Description FY 10 (Rs. in lakhs) :: FY 09(Rs. in lakhs)
Net Sales :: 78874 :: 61064
Other Operating Income :: 1232 :: -
Increase/Decrease in SIT & WIP :: -1872 :: 227
Raw Materials :: 30522 :: 22353
Purchase of traded goods :: 10798 :: 9266
Employees Cost :: 8239 :: 6348
Depreciation :: 4904 :: 2784
Other Expenditure :: 17097 :: 12506
Total Expenditure :: 69688 :: 53484
Other Income :: 159 :: 915
Interest :: 4009 :: 1664
Exceptional items :: - :: 1153
P B T :: 6568 :: 5678
Tax Expense :: 1325 :: 1663
PAT :: 5243 :: 4015
Net Profit :: 5243 :: 4015
Dividend (%) :: 100 :: 80
Face Value (in Rs.) :: 2 :: 2
Paid-up Equity :: 1101 :: 1101
Reserves :: 37907 :: 23953
Basic EPS :: (in Rs.) :: 10.28 :: 7.3
Diluted EPS :: (in Rs.) :: 9.53 :: 7.3
CONSOLIDATED FIGURES
COMPARISON
Description :: FY 10(Rs. in lakhs) :: FY 09(Rs. in lakhs)
Net Sales :: 80424 :: 61578
Other Operating Income :: 1298 :: -
Increase/Decrease in SIT & WIP :: -2076 :: 160
Raw Materials :: 30522 :: 22353
Purchase of traded goods :: 11912 :: 9599
Employees Cost :: 8799 :: 6712
Depreciation :: 5029 :: 2840
Other Expenditure :: 17989 :: 13085
Total Expenditure :: 72175 :: 54749
Other Income :: 163 :: 940
Interest :: 4020 :: 1681
Exceptional items :: - :: 1153
P B T :: 5690 :: 4935
Tax Expense :: 1325 :: 1668
P A T :: 4365 :: 3267
Net Profit :: 4365 :: 3267
Consolidated Net Profit :: 4365 :: 3267
Face Value (in Rs.) :: 2 :: 2
Paid-up Equity :: 1101 :: 1101
Reserves :: 35860 :: 22799
Basic EPS :: 8.68 :: 5.94
Diluted EPS :: (in Rs.) :: 7.93 :: 5.94
QUARTERLY RESULTS
COMPARISON
Q/E 03/10 :: 12/09 :: 09/09 ::: 06/09 :::03/09
Net Sales :: 25809 :: 20420 :: 16979 :: 15666 :: 17687
Total Exp :: 22611 :: 18217 :: 14744 :: 14116 :: 14873
Net Profit :: 3090 :: 997 :: 915 :: 241 :: 1888
Dividend (%) 100 :: - - - :: 80
Basic EPS :: 5.86 :: 1.81 :: 1.66 :: 0.44 :: 3.43
Diluted EPS :: 5.62 :: 1.81 :: 1.66 :: 0.44 :: 3.43
ANNOUNCEMENTS TO THE EXCHANGE
20-05-2010 Hsil Limited has informed the Exchange that the Hon'ble High Court of Calcutta has at the hearing held on March 26, 2010, approved the Scheme of Arrangement between HSIL Limited and its shareholders. Further, the Company has informed that the certified copy of the High Court order, received by HSIL Limited on May 14, 2010, has been filed with the Registrar of Companies on May 18, 2010. -
20-05-2010 Hsil Limited has informed the Exchange that the Register of Members and Share Transfer Books of the Company will remain closed from September 13, 2010 to September 22, 2010 (both days inclusive) for the purpose of payment of final Dividend. Further the Annual General Meeting of the Company will be held on September 22, 2010. -
20-05-2010 Hsil Limited has informed the Exchange that the Board of Directors at its Meeting held on May 20, 2010 have recommended a dividend of Rs. 2/- per share of Rs. 2/- each i.e. @ 100%, subject to approval of shareholders.
17-03-2010 Hsil Limited has informed the Exchange that "Our Company has entered into Business Transfer Agreement with Havells India Ltd. on March 16, 2010, whereby it is acquiring whole of its "Business Undertaking" engaged in the business of manufacturing and dealing in chrome plated brass bathroom fittings and accessories (Faucet Business), situated at Bhiwadi, Rajasthan for cash consideration. With this acquisition our Company intends to become number two player in Faucet Business in next one year." -
11-02-2010 Hsil Limited has submitted to the Exchange a copy of the notice of the Extraordinary General Meeting of the Company to be held on March 08, 2010. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
27-01-2010 Hsil Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on January 21, 2010 have decided to convene an Extra Ordinary General Meeting of the Company on March 08, 2010 for obtaining consent of the Members for (1) Increase in Authorised Share Capital from Rs.15 crores to Rs.20 crores. (2) Amendment in capital clause of Memorandum and Article of Association of company. (3) Approving raising of capital through private placement u/s 81(1A) of Companies Act, 1956 upto Rs.150 crores.
27-01-2010 Hsil Limited has informed the Exchange that "The Board of Directors of the Company at its meeting held today i.e. 21st January, 2010 have decided to raise further capital under Section 81(1A) of the Companies Act, 1956 through private placement upto Rs. 150 crores".
No comments:
Post a Comment