Mumbai: Crude oil prices posted their biggest weekly decline since February amid uncertainty over whether the US Federal Reserve will keep interest rates unchanged in coming months, a sign of a ceasefire between Israel and Hamas and US crude stockpiles. Growth in, and expectations on the global front, corporate results including Apple’s Sara Aja saw an improvement in global markets due to positive factors. While Indian stock markets are witnessing erratic two-way volatility in the Lok Sabha election excitement, as has been seen in the last few weeks. At the end of the week, Sensex crossed the 75000 level and Nifty also reached a new high of 22794.70. At the behest of the big stocks, index based funds have made a big turnaround. Even in the side market, funds in small, mid-cap stocks, high net worth investors have stayed away from making new big commitments, purchases till the immediate elections. Now in the season of corporate results, next week 7 May 2024 Dr. Reddy’s Laboratories result 8 May 2024 Tata Power result 9 May 2024 State Bank of India, Hindustan Petroleum Corporation Limited, BPCL result 10 May 2024 Tata Motors, Cipla, Bazaar . Keep an eye on the results of Bank of Baroda. Amidst the expected volatility in global markets as well as Indian markets, in the coming week Nifty may close at 22888 above the support of 22222 and Sensex may close at 75333 above 74666 with the support of 73111.
Through Arjun’s eyes: Mazda Limited.
BSE(523792), NSE(MAZDA) Listed Rs.10 Paid-Up, ISO 9001:2005, ISO 14001:2015, ISO 45001:2018, ASME U Stamp, Dun & Bradstreet, National Board of Boiler and Pressure Vessel Inspectors Certified, MAZDA LTD. is one of the leading Ahmedabad-Gujarat based company which supplies a large number of Steam Jet Vacuum Systems and Conditioners to the Process Engineering Industry and Power Industry. The space and energy saving ejector vacuum system developed by the Indo-American and German joint venture company through its modern Research and Development (R&D) center has been installed in many polyester plants across the world. Steel degassing and steam operated ethylene glycol ejector vacuum systems have also been installed along with these ejector vacuum systems. The company sells more than 1,000 systems annually globally. The company exports its products to more than 40 countries in the world including USA and Euro. Mazda products and systems are manufactured in manufacturing facilities in Ahmedabad-Gujarat. The company’s products include steam jet booster ejector vacuum systems for vegetable oil processing, turbine extraction systems for power plants, multiple nozzle boosters for VD and VOD plants for production of stronger and better alloy steel, condensers, heaters, vacuum pumps. -Ejector vacuum system included. Rectifiers, hotshots pumps include non-electric automatic pumps, test equipment, evaporators and crystallizers including air pollution control systems.
Engineering Division: The company supplies equipment to refineries, petrochemicals, power, fertilizer, chemical and bulk pharmaceutical industries as well as sugar and food industries, pulp and paper and other industries. The company provides equipment for power generation and mech.cal drive solutions for every type of power demanding industry. These include biomass (palm oil, sugar, pulp and paper, metals), oil and gas, petrochemicals, self-consumption power plants, cogeneration, geothermal, heat-recovery and water incineration plants.
Food Division: Food Division of Mazda Limited entered the international food market in the year 2008 with its various products for export. Its products include instant drink mixes, culinary flavor enhancers, fruit jams, fruit squash, soya sauce, rose water, rose syrup, kavera water and vinegar, baking, v.lla, custard powder, mango chutney and mixed pickles.
book value:
Rs 368 in March 2021, Rs 409 in March 2022, Rs 464 in March 2023, Rs 546 expected in March 2024, Rs 647 expected in March 2025.
Dividend:
90 percent in 2019, 100 percent in 2020, 110 percent in 2021, 121 percent in 2022, 140 percent in 2023
Share Holding Pattern:
Promoters hold 48.34 per cent and 51.66 per cent, respectively, with shareholders having less than Rs 2 lakh.
financial result:
(1) Full year April 2022 to March 2023: Net income increased by 15.26 percent to Rs. 193.85 crores. Net profit margin-NPM increased by 13.73 percent. Net profit increased by 25 percent to Rs. 26.62 crore per share. Income-EPS Rs. Was told. .66.48.
(2) Q1 April 2023 to June 2023: Net income up 79% at Rs 53.5 crore, NPM up 14.15%, Net profit up 39% at Rs 7.51 crore, quarterly earnings per share at Rs 19.22.
(3) Second quarter July 2023 to September 2023:
Net income rose 28.51 per cent to Rs 63.70 crore, NPM rose 9.71 per cent, net profit rose 59 per cent to Rs 6.19 crore and quarterly earnings per share stood at Rs 15.46.
(4) Q3 October 2023 to December 2023: Net income increased 26 per cent to Rs 55.73 crore at NPM of 16.71 per cent, net profit increased 44 per cent to Rs 9.31 crore and quarterly earnings per share at Rs 20.63.
(5) Nine months April 2023 to December 2023: Net income NPM rose 36 per cent to Rs 172.50 crore from 12.83 per cent, net profit rose 38 per cent to Rs 22.15 crore and nine monthly earnings per share were reported at Rs 55. 31 has been achieved. In the first nine months, the revenue of the engineering division increased by 38 percent to Rs 149 crore. Whereas the income of the food division has increased by 14.38 percent.
(6) Expected Q4 January 2024 to March 2024: Net income is expected to grow 30 per cent at NPM of 12.50 per cent to Rs 88 crore, net profit is expected to be Rs 11 crore and quarterly earnings per share is expected to be Rs 27.46.
(7) Expected Full Year April 2023 to March 2024: Expected Net Income Rs 260 Crore Net Profit Rs 33.15 Crore Expected Full Year Earnings-EPS Rs 82.77 Crore.
(8) Expected Full Year April 2024 to March 2025: Expected Net Income Rs. 312 crore Income NPM 13% Net Profit Rs. 40.50 Crore Expected Income-EPS Rs. 101 crores expected.
Thus (1) The author has no investment in the shares of the above company. Authors may have direct or indirect personal vested interests in research sources. Consult a qualified certified financial-investment advisor before making any investment decisions. The author, Gujarat Samachar or any other person will not be responsible for any possible loss on investment. (2) A leading supplier of steam jet vacuum systems and conditioners for process and power industries in the engineering industry (3) 38 percent growth in net profit for the first nine months from April 2023 to December 2023 (4) Earnings to be achieved Expected Rs 55.31 per share, estimated full year 2024-25 earnings per share of Rs 101 and estimated book value of Rs 647, against Rs 10 paid up share of Mazda Ltd at Rs 1425.50 on BSE (Rs 1431 on NSE) Engineering Industries has an average P/E of 42 while only a P/E of 14.10 is available.
