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Friday, October 22, 2010

Jayant Agro Half Yearly Results:


Jayant Agro Organics Sept 2010 Half Yearly Results are out.
Please note these are "Consolidated Half Yearly Results 2010 " comparison with "Consolidated Half Yearly Results Sept 2009)

- Sales: 580.85Cr (Last Year: 374.99Cr)
- Gross Profit (PBIT): 31.34Cr (Last Year: 19.83Cr)
- Interest Payment: 12.42Cr (Last Year: 5.62Cr)
- Tax Expenses: 5.82Cr (Last Year: 5.47Cr)
- Net Profit: 13.08Cr (Last Year: 8.73Cr)



Conclusion: Jayant has reported Consolidated Half yearly 54.89% increase in Top line (Sales) and 49.82% in bottom line (Net Profit) as compared to consolidated last year figures..
Gross Profit margin has increased to 5.4% (Last Year 5.29% ).. the net profit is being restricted due to increase in Interest payments 2.14% (Last Year 1.5%)
Jayant Agro has already exceeded the Consolidated Net Profit of year ending March 2010 12.46Cr in 6 months earnings.. We can expect Jayant to report better results for the next 2 Quarters. Full year March 2011 Net Profit could be close to 25Cr  (my assumption)

8 comments:

rajsmusings said...

I was just looking up the latest result and saw your post. Salute to your very diligent methods of following up on your investments. I have now joined the bandwagon of Jayant Agro.

Happy investing.

Regards
Raja

What'sUp Prahalad said...

Raja:

Half yearly sales is 580Cr so Full year Topline could be close to 1200Cr .. so right now the company is just 218Cr Market Cap..

The fact that we had Jayant at 81.55 levels to invest just shows how cheap Jayant was in May 15 2010 when it was first recommended..

A real value buy even at these levels..

=happy investing
whatsup-indianstockideas.blogspot.com

rajsmusings said...

Right Prahalad,

It was indeed available very cheap. But unfortunately i was the new kid on the block then and didn't understand even abc of investing. Over the past few months am just starting to appreciate the finer points. Your blog has been of real help. Hopefully this will give us good results over 2-3 years.

Your other point on the castor plants being hardly really reminded me of my childhood days. It was all around the place where i grew up (puri in orissa) and was more of a nuisance. I never knew it's usefulness until i read about it in your blog. Great Learning :)

Regards
Raja

What'sUp Prahalad said...

Raja:

Did you know Castor Seeds are poisonous?..

Jayant is a long term play just like GAEL .. Both will rise to their full potential over the next few years..

In ET500
- GAEL has a ranking of 284
- Jayant Agro has a ranking of 478

The gap however might decrease in the future..

=happy investing
whatsup-indianstockideas.blogspot.com

mohan said...

Hi Prahlad,

I do keep reading your blogs quite regularly. Thanks for your stockpicks. Wish you the very best.Bever knew Castor seeds are poisonous. But we do learn , don't we?

What'sUp Prahalad said...

Mohan:

Thank you for your patronage..

Actually I along with my colleague were looking at "Castor oil Derivatives" as a business..

One of the deterrents was the fact that Castor seeds have poisonous substance that needs to be cleaned/processed ..

I think we will be doing just fine holding on to Jayant agro stock ..

=happy investing
whatsup-indianstockideas.blogspot.com

D'SOUZA said...

Hi Prahlad,
Your stock pick at 81 levels was good . However Jayant Agro cash flow is negative for March2010.
( due to increase in inventory and non collection of receivables)
Net profits for is important but they are numbers on the balance sheet. You will agree that Cash flow from operation is one of the important check to understand the fundamentals of a company.

Do you see any improvement in this regard.
Regards
DSOUZA

What'sUp Prahalad said...

D'Souza:

Thank you for visiting my blog..

what you say is true Cash flow from operations is -ve 76.44Cr for year ending March 2010. for Jayant Agro

I think its due to the Inventory issue..

I guess that is where the element of risk and skill comes into play..

If we wait for the perfect 10 numbers we will be late in the game..

Jayant has had a good run up till date from 81 levels.. though at 81 Jayant was very cheap indeed!!..

Like in every investment.. its a call one has to take... I would not sell a these levels..

=happy investing
whatsup-indianstockideas.blogspot.com