Jindal Strips: Export led recovery - Views on News from Equitymaster

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Jindal Strips: Export led recovery

Jul 24, 2000

Jindal Strips has recorded a sharp growth in topline on the back of a surge in both domestic and export sales. The volume led recovery has also boosted the company's net profits.

(Rs m) 1QFY00 1QFY01 Change
Sales 2,149 3,740 74.0%
Other Income 15 13 -9.0%
Expenditure 1,686 3,141 86.3%
Operating Profit (EBDIT) 463 599 29.5%
Operating Profit Margin (%) 21.5% 16.0%  
Interest 232 275 18.7%
Depreciation 162 189 16.8%
Profit before Tax 84 149 77.4%
Tax - -  
Profit after Tax/(Loss) 84 149 77.4%
Net profit margin (%) 3.9% 4.0%  
Diluted number of shares 31.5 18.9  
Diluted Earnings per share* 10.6 31.5  
*(annualised)      

The stock currently trades at Rs 59, implying a P/e multiple of 1.8x.


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