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Goodlass: A notch higher

Jan 14, 2003

It has been a reversal in trend for Goodlass Nerolac, the second largest player in the Indian paint sector, this fiscal. After a rather lacklustre year (FY02) in light of a weaker automobile sector performance, the company has put on an impressive show for the first nine months of the current fiscal year. Helped by increased festive season demand and buoyant automobile sales, Goodlass' revenues and operating margins have increased notably in 3QFY03.

(Rs m) 3QFY02 3QFY03 Change 9mFY02 9mFY03 Change
Sales 1,566 1,781 13.7% 4,427 4,943 11.7%
Other Income 23 16 -30.3% 69 46 -32.7%
Expenditure 1,418 1,573 10.9% 3,961 4,365 10.2%
Operating Profit (EBDIT) 148 208 40.9% 465 578 24.2%
Operating Profit Margin (%) 9.4% 11.7%   10.5% 11.7%  
Interest 9 3 -63.3% 33 13 -62.1%
Depreciation 64 58 -10.2% 182 158 -13.2%
Profit before Tax 97 163 67.5% 319 454 42.1%
Tax 30 51 68.3% 90 142 57.8%
Profit after Tax/(Loss) 67 113 67.2% 229 312 36.0%
Net profit margin (%) 4.3% 6.3%   5.2% 6.3%  
No. of Shares (m) 15.3 15.3   15.3 15.3  
Diluted Earnings per share* 17.6 29.4   20.0 27.2  
P/E ratio (x)         5.8  
(* annualised)            

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Sep 29, 2020 (Close)

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