Capitaline

Results 01-Mar-25

Analysis

Foseco India

OP up 17%

Net sales (including other operating income) of Foseco India has increased 11.57% to Rs 136.47 crore.

Operating profit margin has jumped from 15.97% to 16.78%, leading to 17.26% rise in operating profit to Rs 22.90 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 51.25% to 53.04%. Purchase of finished goods cost rose from 3.53% to 3.86%. Employee cost decreased from 10.47% to 8.44%. Other expenses fell from 18.72% to 18.03%.

Other income up 50.12% to Rs 6.35 crore. PBIDT rose 23.11% to Rs 29.25 crore. Provision for interest fell 42.86% to Rs 0.04 crore. Loan funds rose to Rs 1.81 crore as of 31 December 2024 from Rs 1.15 crore as of 31 December 2023. Inventories rose to Rs 37.40 crore as of 31 December 2024 from Rs 32.92 crore as of 31 December 2023. Sundry debtors were higher at Rs 121.18 crore as of 31 December 2024 compared to Rs 101.55 crore as of 31 December 2023. Cash and bank balance rose to Rs 258.03 crore as of 31 December 2024 from Rs 229.91 crore as of 31 December 2023.

PBDT rose 23.30% to Rs 29.21 crore. Provision for depreciation rose 27.07% to Rs 2.91 crore. Fixed assets increased to Rs 46.43 crore as of 31 December 2024 from Rs 40.25 crore as of 31 December 2023. Intangible assets declined from Rs 0.42 crore to Rs 0.37 crore.

Profit before tax grew 22.90% to Rs 26.30 crore. Provision for tax was expense of Rs 6.75 crore, compared to Rs 5.49 crore. Effective tax rate was 25.67% compared to 25.18%.

Profit after tax rose 19.87% to Rs 19.55 crore.

Equity capital stood at Rs 6.39 crore as of 31 December 2024 to Rs 6.39 crore as of 31 December 2023. Per share face Value remained same at Rs 10.00.

Promoters’ stake was 74.98% as of 31 December 2024 ,compared to 74.98% as of 31 December 2023 .

Full year results analysis

Net sales (including other operating income) of Foseco India has increased 9.92% to Rs 524.78 crore.

Operating profit margin has jumped from 14.59% to 17.20%, leading to 29.62% rise in operating profit to Rs 90.27 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 51.35% to 51.31%. Purchase of finished goods cost rose from 3.45% to 4.01%. Employee cost decreased from 11.67% to 9.30%. Other expenses fell from 19.10% to 18.24%.

Other income fell 15.13% to Rs 18.23 crore. PBIDT rose 19.07% to Rs 108.5 crore. Provision for interest up 114.29% to Rs 0.15 crore. Loan funds rose to Rs 1.81 crore as of 31 December 2024 from Rs 1.15 crore as of 31 December 2023. Inventories rose to Rs 37.40 crore as of 31 December 2024 from Rs 32.92 crore as of 31 December 2023. Sundry debtors were higher at Rs 121.18 crore as of 31 December 2024 compared to Rs 101.55 crore as of 31 December 2023. Cash and bank balance rose to Rs 258.03 crore as of 31 December 2024 from Rs 229.91 crore as of 31 December 2023.

PBDT rose 19% to Rs 108.35 crore. Provision for depreciation rose 28.50% to Rs 10.01 crore. Fixed assets increased to Rs 46.43 crore as of 31 December 2024 from Rs 40.25 crore as of 31 December 2023. Intangible assets declined from Rs 0.42 crore to Rs 0.37 crore.

Profit before tax grew 18.11% to Rs 98.34 crore. Provision for tax was expense of Rs 25.31 crore, compared to Rs 22.17 crore. Effective tax rate was 25.74% compared to 23.30%.

Profit after tax rose 0.07% to Rs 73.03 crore.

Equity capital stood at Rs 6.39 crore as of 31 December 2024 to Rs 6.39 crore as of 31 December 2023. Per share face Value remained same at Rs 10.00.

Promoters’ stake was 74.98% as of 31 December 2024 ,compared to 74.98% as of 31 December 2023 .

Cash flow from operating activities decreased to Rs 42.25 crore for year ended December 2024 from Rs 57.10 crore for year ended December 2023. Cash flow used in acquiring fixed assets during the year ended December 2024 stood at Rs 15.54 crore, compared to Rs 12.57 crore during the year ended December 2023.

The scrip is currently trading at Rs 3488.

Foseco India : Standalone Results
Particulars	2412 (03)	2312 (03)	Var. (%)	2412 (12)	2312 (12)	Var. (%)
Net Sales	136.47	122.32	12	524.78	477.41	10
OPM (%)	16.8	16.0		17.2	14.6
OP	22.9	19.53	17	90.27	69.64	30
Other Inc.	6.35	4.23	50	18.23	21.48	-15
PBIDT	29.25	23.76	23	108.5	91.12	19
Interest	0.04	0.07		0.15	0.07
PBDT	29.21	23.69	23	108.35	91.05	19
Depreciation	2.91	2.29	27	10.01	7.79	28
PBT before EO	26.30	21.4	23	98.34	83.26	18
EO	0	0.4		0	11.89
PBT after EO	26.30	21.80	21	98.34	95.15	3
Taxation	6.75	5.49	23	25.31	22.17	14
PAT	19.55	16.31	20	73.03	72.98	0
PPA	0	0		0	0
Net Profit	19.55	16.31	20	73.03	72.98	0
EPS (Rs)*	#	#		114.3	99.9
Notes
* EPS is on current equity of Rs 6.39 crore, Face value of Rs 10, Excluding extraordinary items.
# EPS is not annualised
bps : Basis points
EO : Extraordinary items
Figures in Rs crore
Source: Capitaline Corporate Database

Previous News

Foseco India
( Results - Analysis 27-Jul-23 23:49 )

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( Results - Announcements 28-Jul-23 07:33 )

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( Results - Analysis 24-Feb-24 08:16 )

Foseco India standalone net profit rises 29.52% in the September 2024 quarter
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Board of Foseco India recommends Interim Dividend
( Corporate News - 23-Oct-20 09:58 )

Board of Foseco India recommends final dividend
( Corporate News - 24-Feb-24 10:34 )

Foseco India to discuss results
( Corporate News - 15-Jul-20 10:18 )

Foseco India announces board meeting date
( Corporate News - 20-Jul-21 09:55 )