Spl Ltd Margins Under Pressure
likely to help the company to improve market penetration. SPLs focus is on premium quality tiles with wide range of designs, decorations and size at competitive prices. A low offtake from the construction industry may affect the turnover of the company.
Market price: Rs 205, EPS: Rs 32.78, PE: 6.25
VIPUL DYE-CHEM
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Sales shoot up
A Mumbai-based manufacturer and exporter of dyes and dye intermediates, the company achieved higher sales and profits during the 15 months period ended June 1996. Gross profit increased by 57 per cent to Rs 1.25 crore. Net profit at Rs 1.07 crore increased by 35.8 per cent to Rs 1.07 crore. With a good exports demand for the companys products, Vipul Dye Chem has expanded into manufacturing pigments. The company has set up a 200 MT plant at Ambernath, near Mumbai. The company exports about 80 per cent of its sales to Europe, Africa, North and South America and has export orders worth Rs 5 crore in hand. With the commissioning of the new plant, the companys turnover for 1996-97 is expected to cross Rs 16.5 crore with a commensurate rise in profits and profitability.
Market price: Rs 7, EPS: Rs 2.53, P/E: 2.77
Compiled by BS Research Bureau