De Nora India

A subsidiary of De Nora, holding 53.68% stake, the company has a manufacturing facility at Goa, catering to the needs of the chlor-alkali industry, making electrolytic products. The company posted a set of brilliant numbers for its third quarter ended 30th Sept 2012 and it was pure performance, no ‘other income’ or ‘extraordinary income’. The base was set by the whopping rise in net sales at Rs.25.58 crore, over 5 times rise on a YoY. And this helped it end the quarter with a net profit at Rs.6.81 crore, up over 8 times. This has been one of its best quarters ever, driven by hug sales volume and growth.

The company had ended 31st Dec 2011 with a net profit at Rs.5 crore and its net profit for 9M ended 30th Sept 2012 is already more than two times higher. Naturally, it will end 2012 on a very high note. Debt free, the company is sitting on a reserves of Rs.20.59 crore and its equity is small at Rs.5.31 crore. Annualised EPS stands at Rs.26, discounting the price by less than 8 times.