Equitymaster Agora Research Private Limited

8 October, 2016

Grauer & Weil India Ltd.

Market data Quarter results overview
Current price* Rs 33.9 (BSE)
Market cap * Rs 7685.1 m
Result performance review
Face value Rs 1.0
BSE Code 505710  Grauer & Weil India Ltd reported quarterly results for June 2016.
No. of shares 226.7 m The company’s operating income witnessed a growth of 5.7% on
Free float 31.0% a year on year (YoY) basis during the quarter. The expenses were
52-week H/L* Rs 38.3/18.7
down by 0.8% YoY during the same period.
*as on 7th Oct 2016
 Owing to the lower expenditure, the company reported a 40%
jump in operating profit to Rs 203.1 m during the quarter as
Rs 100 invested is now worth compared to operating profit of Rs 144.9 m during the same
quarter of the previous year. Consequently, the operating margins
improved and rose to 21.2% during the quarter.
BSE500 Grauer & Weil (India)
200
 Depreciation and interest charges were lower by 3.6% YoY and
160 44.6% YoY respectively for the June 2016 quarter.
120
 As a result, the company’s net profit increased by 75.8% YoY
80 during the quarter.
Oct-15 Apr-16 Oct-16

Quarter result comparison snapshot

Shareholding (Jun-2016)
Rs m Jun-15 Mar-16 Jun-16 QoQch YoY ch
Category (%) Operating Income 904.4 1,336.7 956.3 -28.5% 5.7%
Promoters 69.0
Other income 11.2 8.3 7.9 -4.8% -29.5%
FIIs 0.0
Total Income 915.6 1,345.0 964.2 -28.3% 5.3%
DIIs 0.0 Expenses 759.5 1,130.2 753.2 -33.4% -0.8%
Others 31.0 Operating profit 144.9 206.5 203.1 -1.6% 40.2%
Total 100.0 Depreciation 36.2 35.1 34.9 -0.6% -3.6%
Interest 28.5 18.8 15.8 -16.0% -44.6%
Profit before tax 91.4 160.9 160.3 -0.4% 75.4%
Tax 19.6 58.8 34.1 -42.0% 74.0%
Report prepared by
Profit after tax 71.8 102.1 126.2 23.6% 75.8%
Equitymaster Agora Research Operating profit margin 16.0% 15.4% 21.2%
Private Limited.
Effective tax rate 21.4% 36.5% 21.3%
www.equitymaster.com
info@equitymaster.com Net profit margin 7.9% 7.6% 13.2%
Diluted EPS 0.3 0.5 0.6

Note: Quarter results exclude extraordinary / exceptional items | Wherever the results are
consolidated we have taken consolidated numbers else standalone. NA = Not applicable
Current valuation
At the current price of Rs 33.9, the company’s stock trades at 17.3
times its trailing twelve month earnings.

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 3 August, 2016

Quarterly financial trend charts

Net Sales Profit after tax
1,500 150

1,000 100

(Rs m)
(Rs m)

500 50

0 0
Sep-15 Dec-15 Mar-16 Jun-16 Sep-15 Dec-15 Mar-16 Jun-16

Operating profit margin Net profit margin

25.0 15.0
20.0
10.0
15.0
(%)
(%)

10.0
5.0
5.0
0.0 0.0
Sep-15 Dec-15 Mar-16 Jun-16 Sep-15 Dec-15 Mar-16 Jun-16

Important Message from Equitymaster:

 This report has been prepared exclusively for the BSE Investor Protection initiative. The data for this
report has been sourced primarily from the company’s Annual Report and other publicly available
information.
 Equitymaster did not meet the management of this company in person.
 Equitymaster insists that it makes no recommendation by way of presenting this report.
 The only purpose of this report is to make available publicly information on the company to readers in a
format that is easy to understand

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 8 October, 2016

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