Indo Matsushita

Net profit of the company increased by 285 per cent to Rs 1.42 crore, while the sales increased by 31.6 per cent to Rs 34.16 crore. Operating profit margin increased drastically from 4.5 per cent to 7.7 per cent.

The improved performance is attributed to increased demand for its rice cookers and aggressive marketing by the company.

However, other income of the company marginally declined by 4.5 per cent to Rs 0.94 crore contributing 57.48 per cent to profit before tax (PBT).

Interest burden of the company increased by 51.15 per cent to Rs 55 lakh. Depreciation was marginally lower at Rs 1.38 crore as compared to Rs 1.39 crore in 1995-96. It had a zero tax liability last year but had to pay a tax of Rs 21.33 lakh this year.

 

With the company able to pick up demand for electric rice cookers, it is expected to perform well in the current year. At the current price, scrip discounts it's earnings around 25 times.