FLOATGLASS INDIA
Article Abstract:
Floatglass India has as its promoters, Asahi of Japan and ACC, Telco and Tata Exports. Asahi Glass holds 49 percent stake in FloatGlass while the three Tata group companies together hold a stake of 26 percent. The company manufactures floatglass used in construction, automobiles and furniture. It is currently incurring losses due to oversupply and recession in the user industry. Its exports are set to improve as Floatglass is poised to capture markets once monopolised by the South East Asian countries. Recently Asahi contributed Rs20 crore to the company through preference shares. The company's scrip is ruling at Rs11.30 now. (uh) ------------------------------------------------------------ Financial Highlights of Floatglass India (Rs in crore) ------------------------------------------------------------ Particulars Six months ended Six months ended September 1997 September 1996 ------------------------------------------------------------ Sales 63.52 69.73 ------------------------------------------------------------ Gross Loss 14.94 34.35 ------------------------------------------------------------ Depreciation 14.19 13.94 ------------------------------------------------------------ Net Loss 29.13 48.29 ------------------------------------------------------------ Equity 78.02 78.02 ------------------------------------------------------------ Earnings per share (3.73) (6.19) ------------------------------------------------------------
Comment:
Manufactures floatglass used in construction, automobiles & furniture, company profile
Publication Name: Dalal Street Journal
Subject: Business, international
ISSN:
Year: 1998
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NOVARTIS INDIA: WORLD LEADER
Article Abstract:
Novartis India (NI) is a subsidiary of Novartis of Switzerland. Sandoz and Hindustan Ciba Geigy were merged to form NI. It has 2 divisions - agriculture and pharmaceuticals. The agriculture division contributed 67 percent to the total sales of Rs607 crore in 1996-97. It plans to launch several over-the-counter products which are likely to fetch for it Rs325 crore by December 1998. --------------------------------------------------------- Financial performance of Novartis India (Rs in crore) --------------------------------------------------------- Particulars 6 months ended September Year ended 1997 1996 March 1997 --------------------------------------------------------- Net sales 334.80 304.40 607.21 --------------------------------------------------------- Other income 6.80 14.10 25.40 --------------------------------------------------------- Interest 8.10 8.70 17.20 --------------------------------------------------------- Operating profit 33.20 30.50 40.00 --------------------------------------------------------- Depreciation 6.60 8.30 12.80 --------------------------------------------------------- Net profit 15.40 17.60 18.61 --------------------------------------------------------- Equity 31.86 26.56 31.86 --------------------------------------------------------- EPS (Rs) 9.67 13.25 5.84 --------------------------------------------------------- Its scrip is traded at Rs360 at 38 times its earning per share. (rk)
Comment:
Plans to launch several over-the-counter products which are likely to fetch for it Rs325 crore by 12/98
Publication Name: Dalal Street Journal
Subject: Business, international
ISSN:
Year: 1998
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GAMMONS INDIA: IMPROVING PERFORMANCE
Article Abstract:
Gammon India Ltd (GIL) is engaged in the manufacture of reinforced concrete, construction of bridges, cooling towers, tunnels and dams. It plans to enter the infrastructure segment with an investment of Rs40 crore. It plans to enter into a 50:50 alliance for its cooling tower business. (rk) ------------------------------------------------------------ Financial results of Gammon India Ltd ------------------------------------------------------------ Particulars March 1998 March 1997 (Rs in crore) ------------------------------------------------------------ Gross sales 215.66 180.08 ------------------------------------------------------------ Gross profit 21.53 15.90 ------------------------------------------------------------ Depreciation 3.91 3.63 ------------------------------------------------------------ Interest 7.47 7.02 ------------------------------------------------------------ Tax 3.15 0.70 ------------------------------------------------------------ Net profit 7.01 4.55 ------------------------------------------------------------ Equity 2.16 2.16 ------------------------------------------------------------ EPS (Rs) 31.86 20.68 ------------------------------------------------------------ Dividend (%) 35.00 35.00 ------------------------------------------------------------ Book value (Rs) 179.64 151.05 ------------------------------------------------------------
Comment:
Is engaged in manufacture of reinforced concrete, construction of bridges, cooling towers, tunnels and dams
Publication Name: Dalal Street Journal
Subject: Business, international
ISSN:
Year: 1998
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