Copper drives Indo Gulf growth - 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?  

Copper drives Indo Gulf growth

Oct 30, 2000

A 32% growth in the copper turnover has helped Indo Gulf maintain turnover for the second quarter of the year. This has been led by an increase in copper prices. The fertliser turnover has meanwhile collapsed almost 44% in the second quarter. Copper now contributes almost 60% of the turnover and almost 70% of the profits of the company. The company however has stopped trading of Di–Ammonium phosphate in the current quarter.

(Rs m) 2QFQ00 2QFY01 Change
Sales 5,356 5,316 -0.8%
Other Income 75 115 53.4%
Expenditure 4,233 4,135 -2.3%
Operating Profit (EBDIT) 1,123 1,181 5.1%
Operating Profit Margin (%) 21.0% 22.2%  
Interest 364 367 0.8%
Depreciation 281 290 3.1%
Profit before Tax 553 639 15.6%
Other Adjustments      
Tax 64 53 -17.5%
Profit after Tax/(Loss) 489 587 19.9%
Net profit margin (%) 9.1% 11.0%  
Earnings per share* 9.49 10.42  
(annualised)      

The collapse in the fertiliser business is primarily due to a 20% reduction in the rated capacity and this is expected to sustain in the second half also.

The precious metal refining capacity which uses anode slime has already gone on stream and is expected to contribute Rs 2250 m in a full year of production.

The stock quotes at Rs 35 which implies an earnings multiple of 3.4 times FY01 annualised earnings.


Equitymaster requests your view! Post a comment on "Copper drives Indo Gulf growth ". Click here!

  

More Views on News

Sorry! There are no related views on news for this company/sector.

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.

I Recommended this Stock over Page Industries because it's Relevant to Doubling Your Income (Profit Hunter)

Sep 7, 2020

Things are not often what they seem in the market and how you can take advantage of this.

The NASDAQ Whale Could Harm Your Portfolio (Fast Profits Daily)

Sep 7, 2020

The discovery of Softbank pushing up prices on the NASDAQ will cause volatility in the market. Stay alert!

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

TRACK INDOGULF CORP.

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

MARKET STATS