Results 24-Feb-22
Analysis
Vesuvius India
Sales up 10%, OP down 19%
Vesuvius India standalone net sales increased 10.44% to Rs 258.93 crore in Q4CY21 compared to Q4CY20. Operating profit margin has declined from 10.65% to 7.79%, leading to 19.22% decline in operating profit to Rs 20.17 crore.
Raw material cost as a % of total sales (net of stock adjustments) increased from 40.47% to 41.68%. Purchase of finished goods cost rose from 21.12% to 21.78%. Employee cost increased from 5.86% to 7.52%. Other expenses rose from 21.98% to 22.08%.
Other income up 19.72% to Rs 5.16 crore.
PBIDT fell 13.49% to Rs 25.33 crore.
Provision for interest remained nil.
PBDT fell 13.49% to Rs 25.33 crore.
Provision for depreciation rose 7.05% to Rs 7.59 crore.
Profit before tax was down 20.05% to Rs 17.74 crore.
Provision for tax was expense of Rs 4.6 crore, compared to Rs 5.95 crore.
Effective tax rate was 25.93% compared to 26.81%. Profit after tax fell 19.09% to Rs 13.14 crore.
Promoters’ stake was 55.57% as of 31 December 2021 compared to 55.57% as of 31 December 2020.
Full year results analysis
Net sales of Vesuvius India have increased 32.30% to Rs 1,047.16 crore. Operating profit margin has declined from 9.70% to 9.48%, leading to 29.20% rise in operating profit to Rs 99.24 crore.
Raw material cost as a % of total sales (net of stock adjustments) increased from 39.84% to 40.59%.
Purchase of finished goods cost rose from 19.34% to 21.07%. Employee cost decreased from 8.18% to 7.23%.
Other expenses fell from 22.90% to 22.04%.
Other income fell 6.29% to Rs 19.66 crore.
PBIDT rose 21.59% to Rs 118.9 crore.
Provision for interest remained nil.
Loan funds remained nil.
Inventories rose to Rs 213.11 crore as of 31 December 2021 from Rs 116.96 crore as of 31 December 2020.
Sundry debtors were higher at Rs 163.97 crore as of 31 December 2021 compared to Rs 163.39 crore as of 31 December 2020.
Cash and bank balance declined from Rs 559.27 crore as of 31 December 2020 to Rs 553.94 crore as of 31 December 2021.
PBDT rose 21.59% to Rs 118.9 crore.
Provision for depreciation rose 4.19% to Rs 27.34 crore.
Fixed assets increased to Rs 142.23 crore as of 31 December 2021 from Rs 139.85 crore as of 31 December 2020.
Intangible assets declined from Rs 1.31 crore to Rs 0.82 crore.
Profit before tax grew 27.97% to Rs 91.56 crore.
Provision for tax was expense of Rs 23.51 crore, compared to Rs 18.5 crore.
Effective tax rate was 25.68% compared to 25.86%.
Profit after tax rose 28.28% to Rs 68.05 crore.
Equity capital stood at Rs 20.30 crore as of 31 December 2021 to Rs 20.30 crore as of 31 December 2020.
Per share face Value remained same at Rs 10.00.
Promoters’ stake was 55.57% as of 31 December 2021 compared to 55.57% as of 31 December 2020.
The Board of Directors has recommended payment of dividend of Rs. 8/- per share of nominal value Rs l 0/- each for the year ended December 31, 2021 at their meeting held on February 24, 2022. The dividend is subject to the approval by the members at the ensuing Annual General Meeting 10 be held on May 6, 2022 The scrip is currently trading at Rs 1031
Vesuvius India: Result
2112 (03)
2012 (03)
Var.(%)
2112 (12)
2012 (12)
Var(%)
Net Sales
258.93
234.46
10
1047.16
791.51
32
OPM(%)
7.8
10.7
9.5
9.7
OP
20.17
24.97
-19
99.24
76.81
29
Other Income
5.16
4.31
20
19.66
20.98
-6
PBIDT
25.33
29.28
-13
118.90
97.79
22
Interest
0.00
0.00
0.00
0.00
PBDT
25.33
29.28
-13
118.90
97.79
22
Depreciation
7.59
7.09
7
27.34
26.24
4
PBT
17.74
22.19
-20
91.56
71.55
28
EO
0.00
0.00
0.00
0.00
PBT after EO
17.74
22.19
-20
91.56
71.55
28
Total Tax provision
4.60
5.95
-23
23.51
18.50
27
PAT
13.14
16.24
-19
68.05
53.05
28
EPS*
#
#
33.5
26.1
* Annualized On Current Equity Of Rs 20.30 Crore of face value of Rs 10 each
# EPS not annualised due to seasonality of the business
EO: Extraordinary Items
EPS Is Calculated After Excluding EO And Relevant Tax
Figures In Rs Crore
Source: Capitaline Database
Previous News
Vesuvius India to table results
( Corporate News - 04-Oct-24 09:54 )
Vesuvius India
( Results - Analysis 26-Jul-24 08:15 )
Vesuvius India standalone net profit rises 28.92% in the June 2024 quarter
( Results - Announcements 26-Jul-24 07:32 )
Vesuvius India to declare Quarterly Result
( Corporate News - 12-Jul-24 10:20 )
Board of Vesuvius India approves change in MD
( Corporate News - 20-Jun-24 13:10 )
Vesuvius India
( Results - Analysis 30-Apr-24 08:48 )
Benchmark ends with moderate losses; IT shares drops
( Market Commentary - Quick Review 30-Apr-24 15:53 )
Indices trade with decent gains; European mkt opens lower
( Market Commentary - Mid-Session 30-Apr-24 13:42 )
Benchmarks trade with moderate gains; Realty shares rally
( Market Commentary - Mid-Session 30-Apr-24 11:30 )
Vesuvius India soars after stellar Q1 performance
( Hot Pursuit - 30-Apr-24 10:38 )
Vesuvius India standalone net profit rises 58.66% in the March 2024 quarter
( Results - Announcements 30-Apr-24 07:29 )
Other Stories
Gillette India
30-Aug-24 10:08
AIA Engineering
17-Aug-24 11:47
Voltas
17-Aug-24 11:43
ABB India
17-Aug-24 11:39
NHPC
17-Aug-24 11:23
NTPC
17-Aug-24 11:20
Tata Power Company
17-Aug-24 11:10
Adani Ports & Special Economic Zone
17-Aug-24 10:53
Adani Power
17-Aug-24 10:44
Crompton Greaves Consumer Electricals
17-Aug-24 10:34
Back
Top