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Thursday, October 17, 2013

Jayant Agro: Quarter Ending Sept 2013: Estimated Sales/Profit Numbers

This is the first time I have complete FOB (Freight on Board) export data for 3 months for Jayant as well as Ihsedu Agro Chem..  
I have hidden some data like actual shipping data (Source/destination Port, date etc..) to prevent misuse of data.. 
The FOB and DBK+STR (DBK: Duty Draw back, STR: Sales Tax Refund) numbers are actual figures..

Ihsedu Agro Chem, Export (FOB: Freight on Board) data

July 2013: 116.00Cr 
August 2013: 73.01Cr
Sept 2013: 102.14Cr

Ihsedu Agro Chem Total FOB Export Value for Quarter July-Aug-Sept 2013: 291.15Cr
DBK+STR = 5.31Cr

Jayant Agro Organics, Export (FOB Freight on Board) data:
July 2013:   21.81Cr + 21.49Cr  = 43.30Cr
August 2013: 20.86Cr+ 18.51Cr = 39.37Cr
Sept 2013:  16.64Cr + 19.27Cr  = 35.92Cr

Total FOB Export data for Jayant Agro Organics is: 118.60Cr
Consolidated Sales: 118.60+291.15 = 409.75Cr
As per Annual Report 2013
FOB Export data: 1288.44Cr
Total Revenues from Operations: 1621.00
Domestic sales: 332.56Cr = 27.71Cr/Month
Assumed similar domestic sales numbers for July-Aug-Sept 2013= 27.71 x 3 = 83.14Cr
Projected Q2 Quarter ending Sept 2013 Data:

Expected Consolidated Sales data for Quarter ending Sept 2013: 409.75+83.14 = 492.89Cr

PBDIT for Quarter Ending Sept 2013: 30.00Cr 
(6.00% PBDIT Margin- Annual Report March 2013)

Net Profit for Quarter Ending Sept 2013: 10.99Cr  
(2.23% Net Profit Margin- Annual Report March 2013)
Estimated/Projected Consolidated Quarterly Numbers for Jayant Agro Organics:
Sales: 492.89Cr
PBDIT: 30.00Cr
Net Profit: 10.99Cr

So there we have it.. according to my calculations at a consolidated level Jayant should report for Quarter ending Sept 2013: 492.89Cr of Sales and 10.99Cr of Net Profit.

In addition to the projected sales and net profit figures for Jayant Agro.. Jayant agro has also reported a sale of 24.9% stake sale in Ihsedu agro Chem to Arkema for 30Cr.. Ihsedu Agro Chem has also reported a special dividend distribution to Jayant Agro worth 15Cr  (Link)

Dividend distribution is taxed at Ihsedu Agro Chem level and when Jayant distributes it again it is not taxed again .. so it makes sense for Jayant to distribute it to its shareholders.. As per my understanding we could see the 15Cr dividend passed on to shareholders of Jayant agro.. 

Jayant Agro has an equity base of 7.5Cr so 15Cr translates to a Dividend of Rs 10 per share (Face value :Rs5)..

So this Quarterly results announcement on Oct 29 2013.. could also include a "One Time/Exceptional" dividend payout of Rs10/= per share to shareholders of Jayant Agro Organics..

Please Note: This is information based on publicly available information.. and my personal assumptions Please do your own deep dive before investing. This information does not recommend you to buy or sell.. please talk to your investment advisor with regards to investment in stocks..

(Sept 2013 Ihsedu AgroChem FOB Data)
(Sept 2013 Ihsedu AgroChem )
(Aug 2013 Ihsedu Agro Chem)
(Aug 2013 Ihsedu Agro Chem)
(July 2013 Ihsedu Agro Chem)

(July 2013 Ihsedu Agro Chem)

(Sept-2013 Jayant Agro FOB Data)
Sept 2013 - Jayant Agro FOB Data

(Aug 2013 - Jayant Agro FOB Data)
(Aug 2013 - Jayant Agro FOB Data)
(July 2013 - Jayant Agro FOB Data)

(July 2013 - Jayant Agro FOB Data)

1 comment:

Less Brokerage said...


Where is the Location of Jayant Agro.