Other income fell 55% to Rs 1.15 crore and interest cost fell 9% to Rs 40 lakh. As depreciation grew 6% to Rs 3.05 crore, PBT fell 4% to Rs 15.80 crore. Provision for tax fell 14% to Rs 4.44 crore after which PAT grew 1% to Rs 11.36 crore.

FY 2019 results

In FY 2019, it registered 19% rise in sales to Rs 625.67 crore. OPM fell 110 basis points to 10.8% which saw OP rise 8% to Rs 67.58 crore.

Other income grew 8% to Rs 7.69 crore and interest cost went up 15% to Rs 1.80 crore. After providing for depreciation (down 3% to Rs 11.79 crore), PBT grew 11% to Rs 61.67 crore. Provision for tax fell 12% to Rs 15.07 crore after which PAT went up 21% to Rs 46.60 crore.

Valuation

The equity shares were sub divided from Rs 5 per share to Rs 2 per share with effect from 5 July 2019.

The stock trades at Rs 189.