MASTEK: RIGHT TIME TO ENTER

Article Abstract:

Mastek has been focusing on the domestic market for its software products. Its revenue is from the sale of Ingres, an RDBMS. It sells LBMS Case Tools. It has developed Mamis, an ERP software, and 2 accounting software, Picador and Xcalibur. It has started focusing on the export market and has subsidiaries in USA, UK and Singapore. It has revamped its domestic operations. It has orders worth Rs65-70 crore. For the calendar year 1997, it has declared a dividend of 35 percent. The book value of its share is Rs82.70. --------------------------------------------------------- Financial performance of Mastek --------------------------------------------------------- Particulars Year ended December (Rs in crore) 1997 1996 --------------------------------------------------------- Sales 20.89 13.87 --------------------------------------------------------- Gross profit 3.55 4.06 --------------------------------------------------------- Interest 0.70 1.00 --------------------------------------------------------- Depreciation 1.76 1.60 --------------------------------------------------------- Tax 0.00 0.05 --------------------------------------------------------- Net profit 1.09 1.31 --------------------------------------------------------- Equity 3.40 3.40 --------------------------------------------------------- EPS (Rs) 3.21 3.85 --------------------------------------------------------- The scrip is being traded at Rs309 now. (rk)

Comment:

Posts a decrease in its net profit to Rs1.09 crore in the year ended 12/97 from Rs1.31 crore in the year ended 12/96

DBMS software, Article, Mastek

---

TATA YODOGAWA

Article Abstract:

Tata Yodogawa posted a net profit of Rs4.07 crore on sales of Rs57.42 crore for the nine months ended December 1998. Tata Yodogawa is a Tata Group company in collaboration with Yodogawa Steel Works of Japan. It manufactures cast iron and cast steel rolls which are used in producing finished steel products. The company is undertaking an expansion project in two phases. The first phase involves expansion of its roll manufacturing capacity from 9,750 tonnes to 12,500 tonnes at a cost of Rs24 crore. The second phase involves the expansion of the capacity from 12,500 tonnes to 14,000 tonnes. The first phase was scheduled to go on stream in September 1998, the second phase is on hold and will be reviewed at a later stage. (tsm)(vr)

Iron & Steel Foundries, Ferrous Metal Foundries, Foundries, Tata Yodogawa

---

ITW SIGNODE

Article Abstract:

ITW Signode India (ISI) is a subsidiary of Illinois Tools Works Inc of USA. In the 15-month period of 1997-98, its sales increased by over 15 percent to Rs214.79 crore. Its net profit was Rs0.04 crore (Rs11.88 crore in 1996-97). Its other income was Rs3.62 crore. It declared a dividend of 50 percent. It has been hit by the slowdown in its user-industries like steel, appliances, paper, textiles and automotives. ISI is trying to reduce its operational costs. It has also benefited from the preferential issue of capital to its parent. Its annualised earning per share was Rs7.00. (uh)

Power-Driven Handtool Manufacturing, Battery Powered Hand Tools, Hand tools, Power tools, ITW Signode India

Similar abstracts:

• Abstracts: FADEOUT TIME FOR SHARAD TAK? WHEN IN DEBT, CHOP AND SELL. TAKING ON THE CHAINS
• Abstracts: THE STRANGE CASE OF RAYMOND THE KOREAN TSUNAMI
• Abstracts: MTNL: REVOLUTIONIZING COMMUNICATION BUDGET IMPACT: CONSUMER DURABLES. SRISHTI VIDEOCORP
• Abstracts: NOVARTIS INDIA: WORLD LEADER SMITHKLINE BEECHAM

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