ILLIQUIDITY HURTS

Article Abstract:

Revathi-CP Equipment Ltd (REL) is engaged in manufacture of drilling rigs. The slowdown in the economy has not affected the company much as it gets 50 percent of its turnover from spares of rigs. Chicago Pneumatic, US, has 40 percent stake in REL. Its external borrowings amount to Rs2.8 crore and its networth is Rs25.45 crore. Its return on net worth is 37.5 percent. For the first half year ended September 1998, it has posted a 43 percent growth in sales to Rs35.78 crore (compared to Rs24.97 crore in the corresponding period of 1997). Its operating margin is 28 percent. Its net profit increased by 31 percent. Its capacity utilisation is 70 percent. The company has a potential earnings per share of Rs40 and its scrip is traded at Rs350 at a price earnings multiple of 9. The stock was delisted from the Bombay Stock Exchange in early 1998. It is not traded frequently. (rk)

Oil and Gas Field Machinery and Equipment Manufacturing, Drilling Rigs & Accessories, Oil drilling rigs, Revathi-CP Equipment Ltd

---

UMS RADIO NET DIPS 43 PER CENT

Article Abstract:

The net profit of UMS Radio Factory Ltd has declined by 43 percent to Rs37.49 lakh for the first half of 1998-99 (Rs65.33 lakh in the first half of 1997-98). It posted sales of Rs5.33 crore (Rs6.02 crore). It has incurred a total expenditure of Rs3.45 crore (Rs3.98 crore) and interest charges of Rs21.70 lakh (24.58 lakh). It has allocated Rs24 lakh for depreciation (Rs19.19 lakh). (gs)

Comment:

The net profit of UMS Radio Factory Ltd has declined by 43 percent to Rs37.49 lakh for the first half of 1998-99 (Rs65.33 lakh in the first half of 1997-98).

Market information - general, Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing, General Radio Equip, Radio equipment, UMS Radio Factory Ltd.

---

Similar abstracts:

• Abstracts: BOB MULLS SUBSIDIARY IN EUROPE. PLANS STRATEGIC BUSINESS DEAL WITH CHASE MANHATTAN
• Abstracts: TELECOM SECTOR REELS UNDER FAULTY DUTY STRUCTURE. UBEL DRAWS UP PLAN TO SHIFT TO SERVICE SECTOR
• Abstracts: CPC INDIA FORMALISES DEAL WITH TARLA DALAL CARADON TAKES 27% STAKE IN INDIAN UNIT. INDIA TECHS IN JV WITH SPAIN'S AUSA
• Abstracts: APPAREL EXPORTS STITCH POSITIVE GROWTH IN H1. INDIAN WOOLEN EXPORTS UP 14.31 PERCENT
• Abstracts: ANALJIT QUITS AS MD, JETLY STEPS IN PAREKH QUITS PHILIPS INDIA BOARD. ASHUTOSH BISHNOI TO BE JMCM CHIEF

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.