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Results
27-Feb-25
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Analysis
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Vesuvius India
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Sales up 22%, NP up 5%
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Net
sales (including other operating income) of Vesuvius India has increased 22.04%
to Rs 508.64 crore.
Operating
profit margin has declined from 19.20% to 16.11%, leading to 2.39% rise in
operating profit to Rs 81.92 crore. Raw
material cost as a % of total sales (net of stock adjustments) decreased from
36.93% to 34.66%. Purchase of finished
goods cost rose from 18.86% to 18.88%.
Employee cost increased from 6.75% to 6.99%. Other expenses rose from 18.77% to
21.53%.
Other
income fell 1.34% to Rs 7.38 crore.
PBIDT rose 2.07% to Rs 89.3 crore.
Provision for interest up 3.45% to Rs 0.3 crore. Loan funds rose to Rs 13.39 crore as of 31
December 2024 from Rs 13.03 crore as of 31 December 2023. Inventories declined from Rs 256.05 crore as
of 31 December 2023 to Rs 246.57 crore as of 31 December 2024. Sundry debtors were higher at Rs 385.37 crore
as of 31 December 2024 compared to Rs 323.13 crore as of 31 December 2023. Cash and bank balance rose to Rs 482.03 crore
as of 31 December 2024 from Rs 465.30 crore as of 31 December 2023.
PBDT
rose 2.06% to Rs 89 crore. Provision for
depreciation rose 17.88% to Rs 12.66 crore.
Fixed assets increased to Rs 629.38 crore as of 31 December 2024 from Rs
401.13 crore as of 31 December 2023.
Intangible assets declined from Rs 0.91 crore to Rs 0.43 crore.
Profit
before tax down 0.16% to Rs 76.34 crore.
Provision for tax was expense of Rs 16.41 crore, compared to Rs 19.39
crore. Effective tax rate was 21.50%
compared to 25.36%.
Profit
after tax rose 5.01% to Rs 59.93 crore.
Equity
capital stood at Rs 20.30 crore as of 31 December 2024 to Rs 20.30 crore as of
31 December 2023. Per share face Value
remained same at Rs 10.00.
Promoters’
stake was 55.57% as of 31 December 2024 ,compared to 55.57% as of 31 December
2023 .
Full year results
analysis
Net
sales (including other operating income) of Vesuvius India has increased 16.56%
to Rs 1,868.57 crore.
Operating
profit margin has jumped from 17.89% to 18.59%, leading to 21.11% rise in
operating profit to Rs 347.41 crore. Raw
material cost as a % of total sales (net of stock adjustments) decreased from
37.21% to 35.20%. Purchase of finished
goods cost rose from 19.23% to 19.84%.
Employee cost decreased from 6.62% to 6.29%. Other expenses rose from 19.34% to
19.86%.
Other
income up 38.85% to Rs 48.46 crore.
PBIDT rose 23.04% to Rs 395.87 crore.
Provision for interest up 174.42% to Rs 1.18 crore. Loan funds rose to Rs 13.39 crore as of 31
December 2024 from Rs 13.03 crore as of 31 December 2023. Inventories declined from Rs 256.05 crore as
of 31 December 2023 to Rs 246.57 crore as of 31 December 2024. Sundry debtors were higher at Rs 385.37 crore
as of 31 December 2024 compared to Rs 323.13 crore as of 31 December 2023. Cash and bank balance rose to Rs 482.03 crore
as of 31 December 2024 from Rs 465.30 crore as of 31 December 2023.
PBDT
rose 22.83% to Rs 394.69 crore.
Provision for depreciation rose 27.64% to Rs 45.85 crore. Fixed assets increased to Rs 629.38 crore as
of 31 December 2024 from Rs 401.13 crore as of 31 December 2023. Intangible assets declined from Rs 0.91 crore
to Rs 0.43 crore.
Profit
before tax grew 22.23% to Rs 348.84 crore.
Provision for tax was expense of Rs 84.32 crore, compared to Rs 72.46
crore. Effective tax rate was 24.17%
compared to 25.39%.
Profit
after tax rose 24.22% to Rs 264.52 crore.
Equity
capital stood at Rs 20.30 crore as of 31 December 2024 to Rs 20.30 crore as of
31 December 2023. Per share face Value
remained same at Rs 10.00.
Promoters’
stake was 55.57% as of 31 December 2024 ,compared to 55.57% as of 31 December
2023 .
Cash flow from
operating activities increased to Rs 258.12 crore for year ended December 2024
from Rs 82.38 crore for year ended December 2023. Cash flow used in acquiring fixed assets
during the year ended December 2024 stood at Rs 257.26 crore, compared to Rs
199.81 crore during the year ended December 2023.
The scrip is
currently trading at Rs 4078
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Vesuvius India: Result
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2412 (03)
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2312 (03)
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Var.(%)
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24.12 (12)
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2312 (12)
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Var(%)
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Net Sales
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508.64
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416.79
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22
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1,868.57
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1,603.13
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17
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OPM(%)
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16.1
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19.2
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18.6
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17.9
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OP
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81.92
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80.01
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2
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347.41
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286.85
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21
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Other Income
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7.38
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7.48
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-1
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48.46
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34.9
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39
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PBIDT
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89.30
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87.49
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2
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395.87
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321.75
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23
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Interest
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0.3
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0.29
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1.18
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0.43
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PBDT
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89.00
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87.20
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2
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394.69
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321.32
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23
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Depreciation
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12.66
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10.74
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18
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45.85
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35.92
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28
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PBT
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76.34
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76.46
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0
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348.84
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285.40
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22
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EO
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0.00
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0.00
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0.00
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0.00
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PBT after EO
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76.34
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76.46
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0
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348.84
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285.40
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22
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Total Tax provision
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16.41
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19.39
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-15
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84.32
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72.46
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16
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PAT
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59.93
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57.07
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5
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264.52
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212.94
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24
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EPS*
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#
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#
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130.3
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104.9
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* Annualized On Current
Equity Of Rs 20.30 Crore of face value of Rs 10 each
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# EPS not annualised due to
seasonality of the business
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EO: Extraordinary Items
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EPS Is Calculated After
Excluding EO And Relevant Tax
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Figures In Rs Crore
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Source: Capitaline Database
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