|
Consolidated net sales (including other operating income) of Grauer &
Weil (India) has increased 22.26% to Rs 250.49 crore. Sales of Engineering segment has gone up 238%
to Rs 30.09 crore (accounting for 12% of total sales). Sales of Shoppertainment segment rose 2% to
Rs 9.21 crore (accounting for 4% of total sales). Sales of Surface Finishings segment has gone
up 13% to Rs 213.16 crore (accounting for 84% of total sales).
Profit before interest, tax and other unallocable items (PBIT) have
jumped 27% to Rs 54.41 crore. PBIT of
Engineering segment reported profit of Rs 3.51 crore compared to loss of Rs
0.08 crore. PBIT of Shoppertainment
segment fell 5% to Rs 6.69 crore (accounting for 12% of total PBIT). PBIT of Surface Finishings segment rose 23%
to Rs 44.21 crore (accounting for 81% of total PBIT).
PBIT margin of Engineering segment rose from negative 1% to 12%.
PBIT margin of Shoppertainment segment fell from 78% to 73%. PBIT margin of Surface Finishings segment
rose from 19% to 21%. Overall PBIT
margin rose from 21% to 22%.
Operating profit margin has jumped from 18.84% to 19.50%, leading to
26.50% rise in operating profit to Rs 48.84 crore. Raw material cost as a % of total sales (net
of stock adjustments) decreased from 54.51% to 49.59%. Purchase of finished goods cost rose from
0.13% to 0.40%. Employee cost decreased
from 11.07% to 10.34%. Other expenses
rose from 16.19% to 19.74%.
Other income rose 74.82% to Rs 7.43 crore. PBIDT rose 31.29% to Rs 56.27 crore.
PBDT rose 30.55% to Rs 55.98 crore.
Provision for depreciation rose 4.37% to Rs 5.26 crore. F
Profit before tax grew 34.04% to Rs 50.72 crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense
of Rs 13.26 crore, compared to Rs 9.85 crore.
Effective tax rate was 26.14% compared to 26.03%.
Minority interest was nil in both the periods. Net profit attributable to owners of the
company increased 33.83% to Rs 37.46 crore.
Equity capital stood at Rs 22.67 crore as of 30 September 2023 to Rs
22.67 crore as of 30 September 2022. Per
share face Value remained same at Rs 1.00.
Promoters’ stake was 69.05% as of 30 September 2023 ,compared to 69.05%
as of 30 September 2022.
For year-to-date
(YTD) results analysis
Net sales (including other operating income) of Grauer & Weil (India)
has increased 11.64% to Rs 450.75 crore.
Sales of Engineering segment has gone up 131% to Rs 37.72 crore
(accounting for 8% of total sales).
Sales of Shoppertainment segment rose 1% to Rs 18.29 crore (accounting
for 4% of total sales). Sales of Surface
Finishings segment has gone up 7% to Rs 397.36 crore (accounting for 88% of
total sales).
Profit before interest, tax and other unallocable items (PBIT) have
increased 24% to Rs 108.56 crore. PBIT
of Engineering segment reported profit rose 402% to of Rs 4.72 crore . PBIT of Shoppertainment segment fell 5% to Rs
13.5 crore (accounting for 12% of total PBIT).
PBIT of Surface Finishings segment rose 25% to Rs 90.34 crore
(accounting for 83% of total PBIT).
PBIT margin of Engineering segment rose from 5.8% to 12.5%.
PBIT margin of Shoppertainment segment fell from 78.7% to 73.8%. PBIT margin of Surface Finishings segment
rose from 19.4% to 22.7%. Overall PBIT
margin rose from 21.5% to 23.9%.
Operating profit margin has jumped from 19.45% to 21.44%, leading to
23.07% rise in operating profit to Rs 96.62 crore. Raw material cost as a % of total sales (net
of stock adjustments) decreased from 53.61% to 48.00%. Purchase of finished goods cost rose from
0.34% to 0.42%. Employee cost increased
from 10.25% to 10.66%. Other expenses
rose from 17.33% to 20.25%.
Other income rose 58.22% to Rs 13.18 crore. PBIDT rose 26.44% to Rs 109.8 crore. Provision for interest rose 33.33% to Rs 0.56
crore. Loan funds rose to Rs 10.94 crore
as of 30 September 2023 from Rs 9.33 crore as of 30 September 2022. Inventories declined from Rs 172.85 crore as
of 30 September 2022 to Rs 150.13 crore as of 30 September 2023. Sundry debtors were higher at Rs 141.27 crore
as of 30 September 2023 compared to Rs 112.64 crore as of 30 September 2022. Cash and bank balance rose to Rs 364.39 crore
as of 30 September 2023 from Rs 255.31 crore as of 30 September 2022. Investments rose to Rs 30.72 crore as of 30
September 2023 from Rs 5.15 crore as of 30 September 2022 .
PBDT rose 26.41% to Rs 109.24 crore.
Provision for depreciation rose 3.49% to Rs 10.38 crore. Fixed assets declined from Rs 241.41 crore as
of 30 September 2022 to Rs 241.36 crore as of 30 September 2023. Intangible assets increased from Rs 0.67
crore to Rs 5.50 crore.
Profit before tax grew 29.41% to Rs 98.86 crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense
of Rs 24.5 crore, compared to Rs 19.57 crore.
Effective tax rate was 24.78% compared to 25.62%.
Minority interest was nil in both the periods. Net profit attributable to owners of the
company increased 30.87% to Rs 74.36 crore.
Equity capital stood at Rs 22.67 crore as of 30 September 2023 to Rs
22.67 crore as of 30 September 2022. Per
share face Value remained same at Rs 1.00.
Promoters’ stake was 69.05% as of 30 September 2023 ,compared to 69.05%
as of 30 September 2022 .
The scrip is
currently trading at Rs 115
|
Grauer & Weil (India) :
Consolidated Results
|
|
Particulars
|
2309 (03)
|
2209 (03)
|
Var.(%)
|
2309 (06)
|
2209 (06)
|
Var.(%)
|
2303 (12)
|
2203 (12)
|
Var.(%)
|
|
Net Sales
|
250.49
|
204.89
|
22
|
450.75
|
403.75
|
12
|
981.82
|
768.29
|
28
|
|
OPM (%)
|
19.5
|
18.8
|
|
21.4
|
19.4
|
|
15.8
|
14.7
|
|
|
OP
|
48.84
|
38.61
|
26
|
96.62
|
78.51
|
23
|
155.34
|
112.63
|
38
|
|
Other Inc.
|
7.43
|
4.25
|
75
|
13.18
|
8.33
|
58
|
19.02
|
13.81
|
38
|
|
PBIDT
|
56.27
|
42.86
|
31
|
109.8
|
86.84
|
26
|
174.36
|
126.44
|
38
|
|
Interest
|
0.29
|
-0.02
|
PL
|
0.56
|
0.42
|
33
|
1.86
|
2.51
|
-26
|
|
PBDT
|
55.98
|
42.88
|
31
|
109.24
|
86.42
|
26
|
172.5
|
123.93
|
39
|
|
Depreciation
|
5.26
|
5.04
|
4
|
10.38
|
10.03
|
3
|
19.81
|
19.63
|
1
|
|
PBT
|
50.72
|
37.84
|
34
|
98.86
|
76.39
|
29
|
152.69
|
104.3
|
46
|
|
Share of Profit/(Loss) from Associates
|
0
|
0
|
|
0
|
0
|
|
0
|
0.09
|
|
|
PBT before EO
|
50.72
|
37.84
|
34
|
98.86
|
76.39
|
29
|
152.69
|
104.39
|
46
|
|
EO Income
|
0
|
0
|
PL
|
0
|
0
|
PL
|
-0.72
|
2.42
|
PL
|
|
PBT after EO
|
50.72
|
37.84
|
34
|
98.86
|
76.39
|
29
|
151.97
|
106.81
|
42
|
|
Taxation
|
13.26
|
9.85
|
35
|
24.5
|
19.57
|
25
|
39.01
|
28.05
|
39
|
|
PAT
|
37.46
|
27.99
|
34
|
74.36
|
56.82
|
31
|
112.96
|
78.76
|
43
|
|
Minority Interest (MI)
|
0
|
0
|
|
0
|
0
|
|
0
|
0
|
|
|
Net profit
|
37.46
|
27.99
|
34
|
74.36
|
56.82
|
31
|
112.96
|
78.76
|
43
|
|
EPS (Rs)*
|
#
|
#
|
|
#
|
#
|
|
5.0
|
3.4
|
|
|
Notes
|
|
* EPS is on current equity of Rs 22.67 crore, Face value of Rs
1, Excluding extraordinary items.
|
|
# EPS is not annualised
|
|
bps : Basis points
|
|
EO : Extraordinary items
|
|
Figures in Rs crore
|
|
Source: Capitaline Corporate Database
|
|
Grauer & Weil (India) :
Consolidated Segment Results
|
|
|
% of (Total)
|
2309 (03)
|
2209 (03)
|
Var.(%)
|
% of (Total)
|
2309 (06)
|
2209 (06)
|
Var.(%)
|
% of (Total)
|
2303 (12)
|
2203 (12)
|
Var.(%)
|
|
Sales
|
|
Engineering
|
12
|
30.09
|
8.9
|
238
|
8
|
37.72
|
16.34
|
131
|
10
|
100.34
|
73.06
|
37
|
|
Shoppertainment
|
4
|
9.21
|
9.04
|
2
|
4
|
18.29
|
18.13
|
1
|
4
|
36.46
|
19.55
|
87
|
|
Surface Finishings
|
84
|
213.16
|
187.97
|
13
|
88
|
397.36
|
370.97
|
7
|
86
|
848.91
|
678.54
|
25
|
|
Total Reported Sales
|
100
|
252.46
|
205.91
|
23
|
100
|
453.37
|
405.44
|
12
|
100
|
985.71
|
771.15
|
28
|
|
Add: Unallocable
|
|
5.46
|
3.23
|
69
|
|
10.56
|
6.64
|
59
|
|
0
|
0
|
-
|
|
Net Sales
|
|
257.92
|
209.14
|
23
|
|
463.93
|
412.08
|
13
|
|
985.71
|
771.15
|
28
|
|
PBIT
|
|
Engineering
|
6
|
3.51
|
-0.08
|
LP
|
4
|
4.72
|
0.94
|
402
|
6
|
10.15
|
8.3
|
22
|
|
Shoppertainment
|
12
|
6.69
|
7.04
|
-5
|
12
|
13.5
|
14.26
|
-5
|
16
|
28.49
|
12.5
|
128
|
|
Surface Finishings
|
81
|
44.21
|
35.98
|
23
|
83
|
90.34
|
72.02
|
25
|
78
|
134.63
|
110.74
|
22
|
|
Total PBIT
|
100
|
54.41
|
42.94
|
27
|
100
|
108.56
|
87.22
|
24
|
100
|
173.27
|
131.54
|
32
|
|
Less : Interest
|
|
0.29
|
-0.02
|
PL
|
|
0.56
|
0.42
|
33
|
|
1.86
|
2.51
|
-26
|
|
Add: Other un-allcoable
|
|
-3.4
|
-5.12
|
-34
|
|
-9.14
|
-10.41
|
-12
|
|
-19.44
|
-22.22
|
13
|
|
PBT
|
|
50.72
|
37.84
|
34
|
|
98.86
|
76.39
|
29
|
|
151.97
|
106.81
|
42
|
|