add

Tuesday, March 6, 2012

Savita Oil Technologies Ltd

Promoted by N K Mehra and incorporated as Staffuer Chemicals Pvt Ltd in Jul.'61, the name of the company was changed to Savita Chemicals (SCL) in Feb.'65. It became a full-fledged public limited company in Apr.'94. It started operations in 1961, manufacturing liquid paraffin, an import substitute, for the first time in India at its plant in Bombay. Since then, it has expanded its product profile and is today one of the leading manufacturers of petroleum specialities, which include products such as petroleum sulphonates, transformer oils / white oils and petroleum jellies, among other speciality products. The company has tied up with a Japanese oil major, Idemitsu, which will supply the technical know-how to manufacture and market its entire range of automotive and industrial lubricants. It launched the automotive range of lubricants under the Idemitsu brand name in Nov.'94 for this project company came with public issue. The demand for company's product is increasing, for this company has plan to expand its network in Western, Northern and Southern India. SCL has initiated steps for obtaining the ISO 9001 certificate. Company has establish of power plant to generate, distribute & Supply electric based on Wind Energy at Satara District, Maharashtra. The Plant Was Commissioned on March-99. This power generate plant will be used for captive consumption & also supply to third parties on commercial basis. Development work is continuing on Sulfonates,Hot Melt Adhesives and Specialty Waxes.

      products by Savita Oil Technologies Ltd:
  • Liquid Parrafin- sold under brand SAVONOL used for pharma and cosmetic applications
  • Transformer Oil – sold under brand TRANSOL used in continuous process industry
  • Lubricants – sold under brand SAVSOL used widely in lubrication engineering
  • Waxes – sold under brand SAVOWAX used for various industrial applications
  • Automotive & Industrial lubricants – sold under brand IDEMITSU following collaboration with Idemitsu, Japan
  • Petroleum Jellies – sold under brand SAVOGEL as per specs from pharmaceuticals to defence applications
  • Cable filling compounds and emulsifiable polyethylene wax


The small-cap industrial lubricants maker has an equity capital of Rs 14.60 crore. Face value per share is Rs 10.Savita Oil Technologies' net sales rose 22.2% to Rs 497.93 crore in Q3 December 2011 over Q3 December 2010. The company said that loss on account of foreign exchange fluctuation amounting to Rs 37.28 crore has been recognized in the profit and loss account in Q3 December 2011 in accordance with the accounting policy consistently followed by the company.

As crude prices rally's to peek level . transformer oil precises are going to increase from 65- 70 levels soon. so expect sharp rally in the counter from c.m.p 470 to 550soon .it's debit free company.  last 2 years paid 150-200 % dividend.
 so accumulate between 450-470 levels for a price target 550.
 

Friday, March 2, 2012

WPIL Ltd (Worthington Pump India Limited)

WPIL Limited dedicates itself to the cause of total customer satisfaction. The Company has to its credit a rich experience of about 60 years in Designing, Developing, Manufacturing, Erecting, Commissioning and Servicing of Pumps & Pumping Systems.

With the help of erstwhile foreign partners such as JOHNSTON PUMPS for Vertical Turbines, HAYWARD TAYLOR for Submersibles and WORTHINGTON for Horizontals; or with the in-house R&D recognized by the Ministry of Science and Technology, Govt. of India, it has grown into a strong brand - WPIL.




Historical Benchmarks:
1952 Johnston Pumps India - A JV of Johnston, US.
1982 License from Hayward Tyler, UK for Submersible motor.
1983 Worthington Pumps India Ltd - JV of Worthington.
1990 1st 2 x 500 MW CW Pump order for NTPC Farakka.
2003 First turnkey contract from NTPC Vindyachal 500 MW
2005 Turnkey project for Bagjola Drainage Pumping Station
2006 Major Sea water Pumps (DuplexSS) for Saudi Arabia-JANA.
2008 WPIL-CLYDE JV is formed
2009-10 First Duplex Stainless Steel CW Pumps in India (NTPC - Simhadri), orders for largest capacity metalic CW Pumps (45,000 M³/hr) & concrete Volute Pumps for NTPC Barh.
2011 WPIL starts operations in Australia, Thailand & UK.








 
Year end
Mar 11
Mar 10
Mar 09
Mar 08
Mar 07
Net sales
224.74
216.72
165.55
116.25
69.63
Operating profit
30.93
26.72
18.75
13.24
7.45
Net profit
15.73
13.37
8.28
4.95
1.48
Equity cap pd
7.97
7.97
7.97
7.97
7.97
EPS
19.75
16.78
10.39
6.22
1.85

























 
 
Quarter ended
Year to
Date
Year ended
201112
(3) 
201012
(3) 
% Var 
201112
(9) 
201012
(9) 
%Var 
201103
(12) 
201003
(12) 
% Var 
 Sales
73.78 
39.99 
84.50 
199.26 
130.71 
52.44 
213.43 
210.71 
1.29 
 Other Income
0.23 
0.01 
2200.00 
1.09 
0.29 
275.86 
0.52 
0.45 
15.56 
 PBIDT
9.49 
4.41 
115.19 
26.34 
17.12 
53.86 
29.08 
25.37 
14.62 
 Interest
2.63 
1.27 
107.09 
5.48 
2.99 
83.28 
4.29 
3.56 
20.51 
 PBDT
6.86 
3.14 
118.47 
20.86 
14.13 
47.63 
24.79 
21.81 
13.66 
 Depreciation
0.47 
0.44 
6.82 
1.47 
1.28 
14.84 
1.71 
1.43 
19.58 
 PBT
6.39 
2.70 
136.67 
19.39 
12.85 
50.89 
23.08 
20.38 
13.25 
 TAX
2.16 
0.87 
148.28 
6.27 
4.12 
52.18 
7.02 
6.62 
6.04 
 PAT
4.30 
1.78 
141.57 
12.82 
8.43 
52.08 
15.73 
13.37 
17.65 
 Equity
7.97 
7.97 
0.00 
7.97 
7.97 
0.00 
7.97 
7.97 
0.00 


 
Last Ratios (%)
SALES GR-3.34
EBITDA -15.74
NPM- 7
ROE -37.8
ROCE -34.50
PE -8.56
PBV- 2.9
Div. Yield-. 1
             Key Info
52 Week H/L Rs311 / 150
Face Value Rs. 10
TTM EPS 29
M. Cap (in Rs. Cr.) 161.00
Book Value 61
Dividend 20%

 
             Key Info
52 Week H/L Rs311 / 150
Face Value Rs. 10
TTM EPS 29
M. Cap (in Rs. Cr.) 161.00
Book Value 61
Dividend 20%


 


 
                                                        LATEST DEVALOPMENTS
WPIL Ltd, industrial pumps maker, expects to have a strong foothold in the exports market following two back-to-back acquisitions of overseas facilities — Sterling Pumps of Australia and Mathers Foundry of UK — in April and July. The move will also help the company enter sectors such as oil & gas and nuclear energy. Company also planning to expand its existing joint venture with ClydeUnion of UK by setting up a plant at Nagpur to churn out more pumps for the thermal power sector.
 Company now trying to grow over international business and export more. Company have been exporting for the last 30 years and company  have realized that being present globally is very important. Just exporting from India wouldn’t help any more. By being there with local engineering back-up is something company need to have. it has acquired from the Midlands-based Westley Group, the £29.7 million Manchester-based Mathers Foundry, a steel foundry, which supplies castings for pumps used in oil & gas, nuclear, paper, chemical and power generation.
 The historic Mathers Foundry traces its origin in the early days of the industrial revolution when, in 1817, William Mather of “Mather & Platt” fame started a roller-turning facility in Manchester. In recent times the company changed hands frequently, thrice in the last three years. “The business will continue with its existing management team. Their main aim now is to smoothen the Mathers’ operations and then we would be consolidating and strengthening. This year it’s going to make a profit. Earlier in April,
WPIL acquired 51% stake in Sterling Pumps of Australia, which specializes in making turbine pumps and submersible pumps for irrigation, process and mining industries. The acquisitions would also help WPIL to venture into supplying industries such as oil & gas exploration and nuclear power generation. Mathers pumps have been approved by The National Nuclear Safety Administration of China. WPIL is expanding its a joint venture with ClydeUnion of Glasgow, called Clyde Pumps India. They have been making pumps for the power sector but there are certain types which we were not making them, so they have formed this JV. Clyde is also setting up another plant at Nagpur, which would focus on supplying large pumps for the power sector. The investment of about 20 crore would be staggered; starting with the machine shop, the assembly shop and then testing facilities. The first phase would be done in 2013 and would be then expanded slowly”











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