Equity Watch

Pasupati Acrylon to touch New Highs after recent consolidation

Pasupati Acrylon has state of the art plant located at Thakudwara UP ,in technical collaboration with SNIA BPD of Italy. Plant has a capacity to produce 30000 TPY of Acrylic Staple Fibre which is a substitute for cotton and wool. Because of the rising prices of cotton, demand for Acrylic Fibre is on the increase and along with rising demand, Acrylic Fibre prices are also shooting upwards. Recently co’s Financial perfrmance is also improving .  See financias below:

Scrip Code : 500456    Company Name : Pasupati Acrylon Ltd
Type UnAudited Audited UnAudited UnAudited UnAudited
Date Begin 01 Apr 07 01 Jan 07 01 Oct 06 01 Jul 06 01 Apr 06
Date End 30 Jun 07 31 Mar 07 31 Dec 06 30 Sep 06 30 Jun 06
Description Value(Rs. million)
Gross Sales 1070.9 665.6 870.6 781.5
Excise Duty -75.8 -44.9 -58.9 -47.9
Net Sales 720.6 995.1 620.7 811.7 733.6
Other Income 28.6 28.5 28 9.7 12.4
Total Income 749.2 1023.6 648.7 821.4 746
Expenditure -679 -994.9 -623.6 -766.7 -724.7
Operating Profit 70.2 28.7 25.1 54.7 21.3
Interest -20.2 -20.3 -19.8 -22 -20.2
Gross Profit 50 8.4 5.3 32.7 1.1
Depreciation -26.6 -26.7 -26.6 -26.5 -26.5
Profit before Tax 23.4 -18.3 -21.3 6.2 -25.4
Tax -0.5 -0.6 -0.7 -0.4 -0.4
Profit after Tax 22.9 -18.9 -22 5.8 -25.8
Extraordinary Items 9.5
Net Profit 22.9 -9.4 -22 5.8 -25.8
Equity Capital 711.4 711.4 711.4 711.4 711.4
EPS 0.32 -0.27 -0.31 0.08 -0.36
Nos. of Shares – Non Promoters 30417096 30417096 30417096 30417546 30417546
Percent of Shares – Non Promoters 42.76 42.76 42.76 42.76 42.76
Result Type Q Q Q Q Q
  Notes Notes Notes Notes Notes

Financials from BSEINDIA

Buy at CMP of Rs. 5 is recommended with 2 years HOLD.

This report has been prepared solely for information purposes and the information contained herein may not be deemed to be an investment advice. Such information is impersonal and not tailored to the investment needs of any specific person. The information contained herein is not a complete analysis of every material fact representing any company, industry or security. The views expressed may change. While the information contained herein has been obtained from sources believed to be reliable, no responsibility (or liability) is accepted for the accuracy of its contents. Investors are advised to satisfy themselves before making any investments and should consult with and rely upon their own advisors whether and how to use such information in making any investment decision. Neither the author nor his firm accepts any liability arising out of use of the above information

 

 

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