ATUL LTD = FY 2010 RESULTS = GOOD PROGRESS= ACQUIRES POLYGRIP = FUTURE PROMISING

ATUL LIMITED

FY2010,2009,2008

RESULTS COMPARISON

ATUL LIMITED  has declared its results for FY2010 – and the same is compared below with those of the 2 preceding years.

Net Sales is  higher at Rs.1168 Cr in FY2010, compared to Rs.1159 in FY2009 (0.7% higher)and compared to Rs.1014 Cr in FY2008 (15.2% Higher).

Total Expenditure is lower by 0.9% in FY2010 at Rs.1097 Cr – compared to Rs.1107 Cr in FY2009 and higher by 13.1% compared to FY2008 expenditure of Rs.969.84 Cr.

Net Profit at Rs.57 cr in FY2010 is higher by 50.5% - compared to Rs.38 Cr in FY2009 and higher by 55.7% compared to Rs.37 Cr in FY2008.

Dividend is at 40% compared to 30% in previous 2 years.

Basic EPS in FY2010 is Rs.19.15 – compared to Rs.12.77 in FY2009 ; and compared to Rs.12.35 in FY2008 – on a Face value of Rs.10. Thus, there is good improvement in FY2010 over previous 2 years in all respects.

Atul , in June 2010 has acquired  India's leading Rubber and PU based adhesive brand Polygrip. This may further enhance its profitability in coming quarters.

At THE current Market price of Rs.114/-, the FY10 EPS of 19.15 gives PE Ratio of 5.95 – which appears to be very attractive for investing in the share.

RESULTS IN FIGURES :

ATUL LTD-NONCONSOL	FY2010	FY2009	Dif%1	FY2008	Dif%2
Net Sales	116800	115945	0.7	101368	15.2
Other OptgIncome	3000	2165	38.6	2770	8.3
SIT&WIP	-2400	-605	296.7	-1912	25.5
Raw Materials	77600	72206	7.5	68276	13.7
Traded goods	1700	2303	-26.2	2496	-31.9
Employees Cost	10300	9083	13.4	7574	36
Depreciation	3700	3172	16.6	2955	25.2
Other Expenditure	18800	24564	-23.5	17595	6.8
Total Expenditure	109700	110723	-0.9	96984	13.1
Profit.Operations	10100	7387	36.7
Other Income	500	1284	-61.1
P B I&EI	10600	8671	22.2
Interest	2600	4102	-36.6	3079	-15.6
Exceptional items	-	-		146
P B T	8000	4569	75.1	3929	103.6
Tax Expense	2300	782	194.1	267	761.4
P A T	5700	3787	50.5	3662	55.7
Net Profit	5700	3787	50.5	3662	55.7
Dividend (%)	40	30	33.3	30	33.3
Face Value.Rs	10	10	0	10	0
Paid-up Equity	3000	2967	1.1	-
Reserves	34400	31635	8.7	28869	19.2
Basic EPS B EI	19.15	12.77	50	12.35	55.1
Public holding.%	58.08	60.57	-4.1	61.18	-5.1

ANNOUNCEMENTS

TO THE EXCHANGE

19-07-2010        Atul Limited has informed the Exchange that the Board of Directors of the Company have proposed dividend of Rs.4 per Equity Share for the year ended March 31, 2010, at their meeting held on July 19, 2010, subject to approval of the members at ensuing Annual General meeting (AGM) to be held on August 31, 2010.      -

29-06-2010        Atul Limited has informed the Exchange regarding a press release dated June 18, 2010, titled "Atul Ltd acquires India's leading Rubber and PU based adhesive brand Polygrip".

11-05-2010        Atul Limited has informed the Exchange that submitted to the Exchange disclosure of pledged shares pursuant to Regulation 8A(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2009.

ABOUT ATUL LTD

Atul Ltd is a member of Lalbhai Group, one of the oldest business houses of India, with interests mainly in textiles and chemicals.

Incorporated in 1947, Atul Ltd (formerly Atul Products Ltd) was founded by Kasturbhai Lalbhai.

Over the years, Atul Ltd joined hands with American Cyanamid Corp (1952), Imperial Chemical Industries plc (1955) and Ciba-Geigy Ltd (1960) to form respectively 3 joint venture companies, namely, Cyanamid India Ltd, Atic Industries Ltd and Cibatul Ltd respectively.

Consequent to worldwide divestment of dyes and polymers business by ZENECA plc (formerly a part of ICI plc) and Ciba Ltd respectively, Atic Industries Ltd and Cibatul Ltd were merged into Atul Ltd in 1995 and 1998 respectively.

Atul Ltd operates through six business divisions, namely, Agrochemicals, Aromatics, Bulk Chemicals & Intermediates, Colors, Pharmaceuticals & Intermediates and Polymers. Each business, develops and implements its growth plans.

 *  *  *   E N D  *  *  *

KIRLOSKAR ELECTRIC CO = FY10 CONSOLIDATED & STAND ALONE RESULTS + PROPORTIONATELY LOWER PROFITS IN Q4

Kirloskar Electric Company Limited

INTRODUCTION

Kirloskar Electric Company Limited is one of the large Engineering and Manufacturing companies in India. Established in 1946, Kirloskar Electric ushered the Indigenous Electrical Manufacturing Industry in India.
 
Kirloskar Electric makes more than 70 products under 8 different product groups catering to core sectors of the economy like Power Generation, Transmission and Distribution, Industrial Power, Transportation, Renewable Energy, etc.

 
Kirloskar Electric Network consists of :

  •  9 Manufacturing Facilities for multiple products.
  •  34 Sales offices spread across the country and 3 Offices abroad
  •  Wide network of 47 Spares Dealers and 100+ Service centers with 200+ Dealers enable the company to      efficiently serve and advise the customers on suitable products, systems, services at competitive prices.

 
Kirloskar Electric Company is the first company to make Electric Motors in India.

Kirloskar Electric has declared its Q4 FY10 results and its standalone and consolidated results for FY11.

These are given below :

The results for Q4 FY10 are reflecting a slightly lower profit compared to the whole of FY2010. For the whole year, the net profit is  Rs.37.59 Cr – while for Q4, the same is Rs.5.54 Cr.

Basic EPS on consolidated basis is Rs.9.59 and on stand Alone Basis, it is Rs.6.95 while for Q4, it is Rs.1.01.While is Q4 Sales is slightly higher proportionately, the Profit and EPS are proportionately much less- even at operational level – due to higher expenditure.

The current Market Price is Rs.85.40 – and seems to be adequately priced at present. The further results for Q1 FY11 need to indicate the further progress, if any.

KIRLOSKAR ELECTRIC	FY10Consol	Nonconsol	Q4FY10
Net Sales	118285	84073	22698
SIT&WIP	965	-968	217
Raw Materials	72064	61115	16296
Traded goods	4937	1366	557
Employ.Cost	17843	7556	1555
Depreciation	2308	1756	246
Other Expdr	12425	7441	2857
Total Expdr	110542	78266	21728
Profit(Operations)	7743	5807	970
Other Income	1558	1195	233
P B I&EI	9301	7002	1203
Interest	3016	2257	556
P A I&BE.EI	6285	4745	647
Exceptional items	-45	-64	138
P B T	6330	4809	509
Tax Expense	1145	1050	-45
Profit after tax	5185	3759	554
Net Profit	5185	3759	554
Consolidated Net Profit	5096
Dividend (%)		-	-
Face Value (in Rs.)	10	10	10
Paid-up Equity	5052	5052	5052
Reserves	-	-	-
Basic EPS	9.59	6.95	1.01
Public holding.%		50.84	50.84

 *  *  *          E  N  D     *   *   *