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8.07 Book Value 4,865,000 P/B Ratio -0.03 P/E Ratio (ttm) EV/EBITDA
` 43.56
Earnings Per Share (ttm) Dividend Per Share Dividend Yield Dividend Payout
COMPANY BACKGROUND
Remi Electrotechnik Limited primarily engages in the manufacture and sale of electric and geared motors in India. Its products include three-phase, flame-proof, single-phase, helical geared, dual speed, and geared motors, as well as gear box. The companys products are used in agitator/mixer, agriculture, air condition/refrigerator, boiler, blower, car parking, cement, chemical plant, conveyor, cooling tower, hoist, machine tools, material handling, mining, packaging, pharmaceuticals, power, poultry, printing, pump, sugar machinery, switch gear, and textile machinery segments. It also provides laboratory instruments, equipments, and parts. The company was formerly known as Rajendra Electrical Industries Limited and changed its name to Remi Elektrotechnik Limited in November 2009. Remi Elektrotechnik Limited was incorporated in 1988 and is based in Mumbai, India.
100%
Volume
Remi Elektrotechnik
Sensex
-2
Notes: The Company and other peers group companies did not pay any dividend (except Epic Energy ltd)
01-Mar-08 23-May-08 14-Aug-08 05-Nov-08 27-Jan-09 20-Apr-09 12-Jul-09 03-Oct-09 25-Dec-09 18-Mar-10 09-Jun-10 31-Aug-10 22-Nov-10 13-Feb-11 07-May-11 29-Jul-11 20-Oct-11 11-Jan-12 03-Apr-12 25-Jun-12 16-Sep-12 08-Dec-12
31.10.12
30.11.12
31.12.12
29.2.12
31.3.12
30.4.12
31.5.12
30.6.12
31.7.12
31.8.12
30.9.12
31.1.13
50%
28.65
28.65
28.65
65.25
66.16
71.35
71.35
71.35
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The company has disclosed the certificate obtained from the auditors certifying that the company has complied with conditions of Corporate Governance as stipulated in the Listing Agreement. The Board presently comprises (9) Directors including (4) Executive and (5) Non-executive Directors, of which (4) are Independent. The chairman of the board is an Executive Promoter director.
BUSINESS OVERVIEW
Instrument Division products are for medical, hospital, health organizations, all types of testing laboratories and research organizations. The demand for these traditional products has now shifted to high-tech global quality and standards. The Company is continuously developing new products and upgrading the existing ones to global quality and standard, to meet everincreasing demand presently met by import. The Company has been growing with this philosophy. Company expects growth in demand of the products to continue. The expansion programme which started in year 2010 for increasing range and production of Mounton Gear Boxes and Electric Motors in Motor Divisions was completed by December 2011, with installation of new machinery, equipment and wider range of these motors. Full impact of the same on sales is yet to be felt.
PEER COMPARISON
Remi Elektrotec Gross Sales (Rs Crore) Other Income (Rs Crore) EBIDTA EBIDTA Margin (%) Net Profit Margin (%) RONW (%) EPS (Rs/share) Current Ratio Debt Equity Ratio Interest Coverage Ratio Dividend Payout (%) 72.31 0.18 8.21 11.35 3.52 12.76 5.22 2.28 1.31 2.10 Epic Energy 31.50 3.47 11.02 3.30 5.65 1.43 3.96 0.15 3.45 52.08 Rexnord Electronics 29.46 0.19 3.11 10.56 2.82 9.36 1.25 1.03 0.92 2.02 -
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BALANCE SHEET
Rs Crore Share Capital Reserves and surplus Shareholders' fund Secured Loans Unsecured Loans Total Debt Deferred Tax Liability Other Liabilities Provisions Current Liabilities SOURCES OF FUNDS Net Block Mar 12 0.19 -1.39 1.19 Mar11 -8.12 -1.19 9.41 Mar10 3.45 -1.76 -1.69 Capital work in progress Investments Inventories Receivables Cash and Bank Balances* Loans and Advances 0.22 -0.01 0.21 0.12 0.10 0.22 0.11 0.00 0.11 Current Assets Other Assets APPLICATION OF FUNDS Contingent Liabilities Mar 12 4.87 55.01 59.88 12.79 15.61 28.40 1.29 13.39 0.61 10.40 113.97 15.95 0.05 74.37 17.89 0.21 2.84 95.31 2.66 113.97 Mar11 4.87 52.47 57.34 11.37 12.40 23.77 1.10 0.63 0.71 12.29 95.84 15.38 0.05 58.48 18.30 0.23 0.92 77.93 2.48 95.84 Mar10 4.87 11.10 15.97 9.30 3.20 12.50 0.93 0.61 12.08 42.09 15.14 0.05 8.83 14.87 0.12 3.08 26.90 0.00 42.09 5.25
QUARTERLY RESULTS
Income Statement
Quarterly Trends Rs. Crores Total Income (1) Expenditure Interest Depreciation Tax + Deferred Tax Profit After Tax Dec 12 14.50 12.87 0.74 0.26 0.20 0.43 88.75 5.10 1.79 1.37 2.96 % of (1) Dec 11 16.12 14.79 0.41 0.25 0.22 0.45 91.74 2.54 1.55 1.36 2.79 % of (1) Sep 12 18.28 15.99 0.76 0.26 0.41 0.86 87.47 4.15 1.42 2.24 4.70 % of (1) Dec 12 49.43 43.31 2.35 0.78 0.96 2.03 87.61 4.75 1.57 1.94 4.10 Year to Date % of (1) Dec 11 45.48 41.42 1.07 0.72 0.75 1.52 91.07 2.35 1.58 1.64 3.34 % of (1)
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3.85%
3.52%
FY 10/11
Revenue Growth
27.27%
PAT Growth
4.5% 2.69 2.84
100.00 80.00 60.00 40.00 20.00 0.00 57 FY 09/10 Revenue 124 FY 10/11 -4.12% 87 FY 11/12 Sales Growth 10.07%
3.8%
10% 0% -10%
FY 10/11
FY 11/12
PAT Margin
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