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Results
15-Aug-21
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Analysis
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Esab India
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PAT up 184% on strong operating show
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Standalone net sales (including other operating income) of Esab India for
the quarter ended June 2021 has increased 45.75% to Rs 181.18 crore albeing on
weak base due to covid national lockdown. Operating profit margin
has jumped from 7.9% to 15.5%, leading to 186% rise in operating profit to Rs
28.11 crore. Raw material cost as a % of total sales (net of stock
adjustments) increased from 33.86% to 46.38%. Purchase of finished
goods cost fell from 31.22% to 14.10%. Employee cost decreased from
14.75% to 11.68%. Other expenses rose from 11.93% to 12.76%.
Other income fell 34% to Rs 1.96 crore. PBIDT rose 135%
to Rs 30.07 crore. Provision for interest fell 17% to Rs 0.1
crore. PBDT rose 136% to Rs 29.97 crore. Provision for
depreciation down 11% to Rs 2.79 crore. Profit before tax grew 184%
to Rs 27.18 crore. Provision for tax was expense of Rs 6.83 crore,
compared to Rs 2.39 crore. Effective tax rate was 25.13% compared to
25.00%. Profit after tax rose 183.82% to Rs 20.35 crore.
Promoters’ stake was 73.72% as of 30
June 2021, compared to 73.72% as of 30 June 2020.
Esab :
Standalone Results
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2103
(3)
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2003
(3)
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Var.
(%)
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2103
(12)
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2003
(12)
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Var.
(%)
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Sales
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181.18
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124.31
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46
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681.16
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697.96
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-2
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OPM (%)
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15.5
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7.9
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12.0
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13.9
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OP
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28.11
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9.82
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186
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81.47
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96.81
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-16
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Other
inc.
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1.96
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2.99
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-34
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11.18
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13.51
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-17
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PBIDT
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30.07
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12.81
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135
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92.65
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110.32
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-16
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Interest
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0.10
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0.12
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-17
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0.41
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0.50
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-18
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PBDT
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29.97
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12.69
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136
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92.24
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109.82
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-16
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Dep.
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2.79
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3.13
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-11
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11.71
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12.58
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-7
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PBT
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27.18
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9.56
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184
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80.53
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97.24
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-17
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EO Exp
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0.00
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0.00
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0.00
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0.00
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PBT
after EO
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27.18
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9.56
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184
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80.53
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97.24
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-17
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Taxation
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6.83
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2.39
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186
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21.24
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25.83
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-18
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PAT
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20.35
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7.17
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184
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59.29
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71.41
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-17
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EPS
(Rs)*
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#
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#
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38.5
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46.4
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* EPS
is on current equity of Rs 15.39 crore, Face value of Rs 10
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# EPS
is not annualised due to seasonality of business
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Figures
in Rs crore
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Source:
Capitaline Corporate Database
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Peer Comparision (Standalone)
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Sales
(Rs. Crs)
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var.(%)
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OP
(Rs. Crs)
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var.(%)
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Net Profit
(Rs. Crs)
|
var.(%)
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Share Price(Rs)
|
var.(%)
over
One year
|
TTM EPS
|
TTM PE
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