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Friday, November 16, 2012

Jayant Agro Organics: Alarming Oct DGFT Export numbers

DGFT (Director General of Foreign Trade) apex body of Govt of India has released Oct 2012 export numbers and the numbers for Jayant are "Shocking" When we compare the Oct 2012 export numbers with Oct 2011 data in Oct 2012 Jayant has exported just 21.88% of Last year's export numbers.
Oct 2012 FOB Data: 33.21Cr
Oct 2011 FOB Data: 151.75Cr

The other observations is that last year most of the FOB data consisted of low value add castor oil which can be determined by low FOB/CIF ratio.Also low value castor oil is sold under "Vishesh Krishi Upaj Yojna"
In 2012 the majority of FOB data consist of Castor oil Derivatives which can be deterined by the high FOB/CIF ratio. High value castor oil derivatives are also sold under "Focus Product Scheme"

The question that comes to our mind is.. is there some problem with the production.. why has the export numbers fallen so dramatically?..  We still have another 2 months of data to observe before the next quarter results are out.. 

The large stake buying by promoters in Feb-March 2012 indicates things were great till March 2012.. so this drop in exports according to me is a problem that can be fixed.. Its quite possible that exports are being done through another registered company. Lets keep our fingeres crossed.

Link to Oct 2012 Data in DGFT mumbai
Link to Oct 2011 Data in DGFT mumbai

1 comment:

Rakesh Singh said...

The Directorate General of Foreign Trade is the agency of the Ministry of Commerce and Industry of the Government of India responsible for administering laws regarding foreign trade and foreign investment in India.
DGFT Laws Regarding Foreign Trade