Nicholas: PBT rises 9% - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Nicholas: PBT rises 9%

Jul 26, 2001

Nicholas Piramal has recorded a marginal sales growth of 4% for 1QFY02. Net profit, excluding extraordinary expenses grew by 10.7%. The extraordinary charge of Rs 27 m was on account of VRS expenses. Operating margins improved by an encouraging 120 basis points.

(Rs m) 1QFY01 1QFY02 Change
Sales 1,219 1,273 4.4%
Other Income 12 23 95.0%
Expenditure 992 1,044 5.3%
Operating Profit (EBDIT) 227 229 0.9%
Operating Profit Margin (%) 18.6% 18.0%  
Interest 40 35 -12.6%
Depreciation 33 37 10.8%
Profit before Tax 166 181 8.9%
Other Adjustments - 27  
Tax 14 12 -14.3%
Profit after Tax/(Loss) 152 142 -6.5%
Net profit margin (%) 12.5% 11.1%  
No. of Shares (eoy) (m) 34.9 34.9  
Diluted Earnings per share 17.4 16.3  
P/E (at current price) 16  

The lackluster growth in sales seems to be on the back of sluggish demand for pharma formulations. Formulations continue to be the core business of NPIL consisting around 75% of the revenues. Vitamin A and premix constitute about 13% of the business followed by diagnostics having 11% share of the total business. As a strategy, NPIL has decided to discontinue the generics business contributing only 1% to the revenues.

At the current market price of Rs 255, the stock is trading at 16 times it annualised earnings for 1QFY02. The company's financials are expected to look up on a consolidated basis, especially with recently acquired 60% stake in Rhone Poulenc India Ltd.


Equitymaster requests your view! Post a comment on "Nicholas: PBT rises 9%". Click here!

  

More Views on News

PIRAMAL ENTERPRISES Announces Quarterly Results (1QFY21); Net Profit Up 22.1% (Quarterly Result Update)

Aug 25, 2020 | Updated on Aug 25, 2020

For the quarter ended June 2020, PIRAMAL ENTERPRISES has posted a net profit of Rs 5 bn (up 22.1% YoY). Sales on the other hand came in at Rs 29 bn (down 16.2% YoY). Read on for a complete analysis of PIRAMAL ENTERPRISES's quarterly results.

PIRAMAL ENTERPRISES Announces Quarterly Results (3QFY20); Net Profit Up 11.7% (Quarterly Result Update)

Feb 5, 2020 | Updated on Feb 5, 2020

For the quarter ended December 2019, PIRAMAL ENTERPRISES has posted a net profit of Rs 6 bn (up 11.7% YoY). Sales on the other hand came in at Rs 38 bn (up 9.1% YoY). Read on for a complete analysis of PIRAMAL ENTERPRISES's quarterly results.

PIRAMAL ENTERPRISES 2018-19 Annual Report Analysis (Annual Result Update)

Jul 9, 2019 | Updated on Jul 9, 2019

Here's an analysis of the annual report of PIRAMAL ENTERPRISES for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of PIRAMAL ENTERPRISES. Also includes updates on the valuation of PIRAMAL ENTERPRISES.

More Views on News

Most Popular

How the 8-Year Cycle Can Help Identify Multibaggers (Fast Profits Daily)

Sep 11, 2020

This is how you can apply the greed and fear cycle in the market to pick stocks.

Why am I Recommending Caution? (Fast Profits Daily)

Sep 9, 2020

This is why I have changed my short-term view on the market.

Why We Picked This Small-cap Stock for Our Hidden Treasure Subscribers (Profit Hunter)

Sep 17, 2020

This leading household brand will profit big time in a post covid world.

This Could Be the Best September for Auto Stocks (Profit Hunter)

Sep 11, 2020

Here's why I think this month could be a great for auto stocks.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

PIRAMAL ENTERPRISES SHARE PRICE


Sep 22, 2020 (Close)

TRACK PIRAMAL ENTERPRISES

  • Track your investment in PIRAMAL ENTERPRISES with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON PIRAMAL ENTERPRISES

PIRAMAL ENTERPRISES 5-YR ANALYSIS

COMPARE PIRAMAL ENTERPRISES WITH

MARKET STATS