TEKTRONIX (INDIA): TIME TO EXIT
Article Abstract:
Tektronix (India) Ltd (TIL) is a subsidiary of Tektronix Inc of USA. It markets testing and measuring instruments, colour printers and video equipment. The parent company has bought over 60 percent of the stake in TIL. TIL is sourcing all its raw material needs from its parent. The cost of the raw materials has increased to Rs9.72 crore from Rs2.72 crore in 1994-95. In the 14 months ended May 1997, it sales increased to Rs40.75 crore. Its net profit crashed by 80 percent to Rs0.05 crore. TIL's parent plans to buy the stake of the public at Rs40 per share. (rk) ------------------------------------------------------------ Performance of Tektronix (India) Limited ------------------------------------------------------------ Particulars May 1997 November 1997 (Rs in crore) ------------------------------------------------------------ Sales 40.75 19.93 ------------------------------------------------------------ Gross profit 1.53 0.37 ------------------------------------------------------------ Depreciation 1.09 0.40 ------------------------------------------------------------ Interest 0.39 0.06 ------------------------------------------------------------ Net profit 0.05 -0.83 ------------------------------------------------------------ Equity 3.60 3.60 ------------------------------------------------------------ EPS (Rs) 0.14 - ------------------------------------------------------------ Book value (Rs) 19.60 - ------------------------------------------------------------
Comment:
Is a subsidiary of Tektronix of US, that markets testing and measuring instruments, colour printers and video equipment
Publication Name: Dalal Street Journal
Subject: Business, international
ISSN:
Year: 1998
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TUDOR INDIA: LONG-TERM BET
Article Abstract:
Tudor India (TI) is a subsidiary of Exide Corporation (EC) of USA. It manufactures and sells automobile batteries under the brand name Prestolite in India. It has a capacity of 4 lakh batteries per annum. It is likely to be increased to 8 lakh units per annum. EC has 51 percent stake in TI. This will rise to 74 percent as the Indian promoters have sold their stake to EC. TI has not announced its half-yearly results for 1998. (rk) ------------------------------------------------------------ Financial results of Tudor India (Rs in crore) ------------------------------------------------------------ Particulars H2 ended Year ended December 31 30/6/1997 1997 1996 ------------------------------------------------------------ Sales 17.77 11.23 9.92 ------------------------------------------------------------ Gross loss 1.84 0.29 2.36 ------------------------------------------------------------ Depreciation 2.06 1.09 0.91 ------------------------------------------------------------ Interest 2.40 1.13 1.21 ------------------------------------------------------------ Net loss 6.30 3.87 4.79 ------------------------------------------------------------ Equity 16.00 16.00 16.00 ------------------------------------------------------------ Book value (Rs) 5.28 2.87 6.23 ------------------------------------------------------------
Comment:
Manufactures and sells automobile batteries under the brand name Prestolite in India
Publication Name: Dalal Street Journal
Subject: Business, international
ISSN:
Year: 1998
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