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Contd. page 2
SHARETIPSINFO >> Research Reports >> Maruti Research report (10-10-2008)
| SHAREHOLDING PATTERN: |
|
|
NO.OF SHARE |
% OF TOTAL SHARE |
PROMOTER |
156618440 |
|
54.21 |
|
INSTITUTION |
112203869 |
|
38.84 |
|
GENERAL PUBLIC |
20087751 |
|
6.95 |
|
GRAND TOTAL |
288910060 |
|
100% |
|
|
 |
FINANCIAL:
|
|
31-Mar-08 |
31-Mar-07 |
31-Mar-06 |
31-Mar-05 |
TOTAL INCOME |
191213.9 |
154894 |
124814.3 |
113538.7 |
EXPENDITURE |
-159084.9 |
-128571.9 |
-104256.3 |
-95561.4 |
OPERATING PROFIT |
32129 |
26322.1 |
20558 |
17977.3 |
DEPRECIATION |
-5727.2 |
-2755.1 |
-2854.2 |
-4568.3 |
PBIT |
|
26401.8 |
23567 |
17703.8 |
13409 |
INTEREST |
|
-625.1 |
-404.1 |
-203.9 |
-360.1 |
PBT |
|
25776.7 |
23162.9 |
17499.9 |
13048.9 |
TAX |
|
-7877.8 |
-7280.3 |
-5609.4 |
-4512.6 |
PAT |
|
17898.9 |
15882.6 |
11890.5 |
8536.3 |
EPS |
|
61.953191 |
54.974202 |
41.156407 |
29.546565 |
CHANGE IN TOTAL INCOME
CAGR IN TOTAL INCOME FOR LAST 3 YEARS IS 18.9% |
 |
CHANGE IN OPERATING PROFIT
CAGR IN OPERATING PROFIT IN LAST 3 YEARS IS 21.13% |
 |
CHANGE IN NET PROFIT
CAGR IN NET PROFIT IN LAST 3 YEARS IS 27.9% |
 |
RATIOS
|
|
|
31-Mar-08 |
31-Mar-07 |
31-Mar-06 |
31-Mar-05 |
|
|
NPM |
9.3606689 |
10.253851 |
9.5265526 |
7.5184056 |
|
|
OPM |
16.802649 |
16.993621 |
16.470869 |
15.833632 |
INTEREST COVERAGE |
42.236122 |
58.319723 |
86.825895 |
37.236879 |
VALUATION:
Earning is showing CAGR of 27%,even if we substantially decrease the earning growth rate due to economic slow down in the current fiscal,earning is expected to grow at rate of around 20%.PE ratio stands at 11,pe ratio to growth rate ratio is at 0.55.We expect industry leader pe ratio to growth rate ratio to be at around 1.According to our estimate ,MSIL should atleast command a pe ratio of 18 on conservative basis.So,on past earning, the price of MSIL should be around Rs 1080.It is trading at substantial discount of more than 35%.
CONCLUSION:
The company is fundamentally strong and has the backing of Suzuki.Company stock price is very undervalued looking at its future prospect.We feel investor should buy it for medium to long term perspective.
Fortune always favours the brave.
HAPPY INVESTING.
Page -2
Maruti Report Page 1
HAPPY INVESTING.
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strategies discussed or recommended in this report and should understand that statements regarding future prospects may not be realized. Investors should note that income from such securities, if any, may fluctuate and that each security's price or value may rise or fall. Past performance is not necessarily a guide to future performance. Foreign currency rates of exchange may adversely affect the value, price or income of any security or related investment mentioned in this report.
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