Capitaline

Results 13-Nov-23

Analysis

Fluidomat

Net up 15% largely due to higher sales, higher OI

Standalone net sales (including other operating income) of Fluidomat for the quarter ended Sep 2023 has increased 12.43% to Rs 14.65 crore. Operating profit margin has declined from 29.70% to 28.67%, leading to 8.53% rise in operating profit to Rs 4.20 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 34.63% to 38.28%. Employee cost decreased from 19.98% to 19.17%. Other expenses fell from 14.49% to 13.16%. Other income up 79.49% to Rs 0.7 crore. PBIDT rose 15.02% to Rs 4.9 crore. Provision for interest remained nil. PBDT rose 15.02% to Rs 4.9 crore. Provision for depreciation down 5% to Rs 0.19 crore. Profit before tax grew 16.01% to Rs 4.71 crore. Provision for tax was expense of Rs 1.19 crore, compared to Rs 1.01 crore. Effective tax rate was 25.27% compared to 24.88%. Profit after tax rose 15.41% to Rs 3.52 crore.

For year-to-date (YTD) results analysis

Net sales (including other operating income) of Fluidomat has increased 24.02% to Rs 27.21 crore. Operating profit margin has jumped from 26.48% to 27.86%, leading to 30.46% rise in operating profit to Rs 7.58 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 34.91% to 37.89%. Employee cost decreased from 23.22% to 19.93%. Other expenses fell from 14.77% to 13.45%.

Other income up 74.32% to Rs 1.29 crore. PBIDT rose 35.42% to Rs 8.87 crore. Provision for interest remained nil. PBDT rose 35.42% to Rs 8.87 crore. Provision for depreciation down 5% to Rs 0.38 crore. Profit before tax grew 38.05% to Rs 8.49 crore. Provision for tax was expense of Rs 2.2 crore, compared to Rs 1.54 crore. Effective tax rate was 25.91% compared to 25.04%. Profit after tax rose 36.44% to Rs 6.29 crore.

Equity capital stood at Rs 4.93 crore as of 30 September 2023 to Rs 4.93 crore as of 30 September 2022. Per share face Value remained same at Rs 10.00.

Promoters’ stake was 53.55% as of 30 September 2023 ,compared to 53.46% as of 30 September 2022 . Promoters pledged stake was 0.65% as of 30 September 2023 ,compared to 0.65% as of 30 September 2022 .

Cash flow from operating activities increased to Rs 8.59 crore for YTD ended September 2023 from Rs 2.22 crore for YTD ended September 2022. Cash flow used in acquiring fixed assets during the YTD ended September 2023 stood at Rs 0.53 crore, compared to Rs 0.21 crore during the YTD ended September 2022.

Loan funds remained nil. Inventories rose to Rs 5.79 crore as of 30 September 2023 from Rs 3.38 crore as of 30 September 2022. Sundry debtors were lower at Rs 12.70 crore as of 30 September 2023 compared to Rs 13.48 crore as of 30 September 2022. Cash and bank balance rose to Rs 4.09 crore as of 30 September 2023 from Rs 2.09 crore as of 30 September 2022. Investments rose to Rs 5.09 crore as of 30 September 2023 from Rs 2.03 crore as of 30 September 2022. Fixed assets declined from Rs 8.12 crore as of 30 September 2022 to Rs 7.43 crore as of 30 September 2023. Intangible assets declined from Rs 0.03 crore to Rs 0.01 crore.

Fluidomat : Standalone Results

	Quarter ended			Year to Date			Year ended
Particulars	202309	202209	Var.(%)	202309	202209	Var.(%)	202303	202203	Var.(%)
Net Sales (including other operating income)	14.65	13.03	12.43	27.21	21.94	24.02	46.16	34.07	35.49
OPM (%)	28.67	29.70	-103 bps	27.86	26.48	138 bps	26.73	18.17	856 bps
OP	4.20	3.87	8.53	7.58	5.81	30.46	12.34	6.19	99.35
Other Inc.	0.70	0.39	79.49	1.29	0.74	74.32	1.27	1.58	-19.62
PBIDT	4.90	4.26	15.02	8.87	6.55	35.42	13.61	7.77	75.16
Interest	0	0	-	0	0	-	0	0	-
PBDT	4.90	4.26	15.02	8.87	6.55	35.42	13.61	7.77	75.16
Depreciation	0.19	0.2	-5.00	0.38	0.4	-5.00	0.74	0.67	10.45
PBT	4.71	4.06	16.01	8.49	6.15	38.05	12.87	7.1	81.27
PBT before EO	4.71	4.06	16.01	8.49	6.15	38.05	12.87	7.1	81.27
EO Income	0	0	-	0	0	-	0	0.33	-
PBT after EO	4.71	4.06	16.01	8.49	6.15	38.05	12.87	7.43	73.22
Taxation	1.19	1.01	17.82	2.2	1.54	42.86	3.25	1.94	67.53
PAT	3.52	3.05	15.41	6.29	4.61	36.44	9.62	5.49	75.23
P/(L) from discontinued operations net of tax	0	0	-	0	0	-	0	0	-
Net profit after discontinued operations	3.52	3.05	15.41	6.29	4.61	36.44	9.62	5.49	75.23
EPS (Rs)*	7.14	6.19	15.41	12.76	9.35	36.44	19.51	10.63	83.59

* EPS is on current equity of Rs 4.93 crore, Face value of Rs 10, Excluding extraordinary items.
# EPS is not annualised
bps : Basis points
EO : Extraordinary items
Figures in Rs crore
Source: Capitaline Corporate Database

Peer Comparision (Standalone)
Peer Comparision (Standalone)	Sales (Rs. Crs)	var.(%)	OP (Rs. Crs)	var.(%)	Net Profit (Rs. Crs)	var.(%)	Share Price(Rs)	var.(%) over One year	TTM EPS	TTM PE

Previous News

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