De Nora India

De Nora India is a subsidiary of Italian company De Nora, holding 53.68% stake. The company has a manufacturing facility at Goa, catering to the needs of the chlor-alkali industry. It is one of the world's largest manufacturers of electrolyzers, electrodes, coatings, electrochemicaland water treatment Technologies.

The company performance for Q4FY17 was very disappointing. Maybe it was the higher base effect as previous Q4 was indeed very good with profits on all fronts more than doubling up. The company ended the quarter with a 43% (YoY) drop in net sales at Rs.8 crore and net profit was at Rs.1.23 crore, down 55%. A 61% drop in raw material costs, a 34% fall in overall costs and a good 75% decrease even in tax outgo did not help much. Net profit did remain low.

The company ended FY17 also on a poor note. Its net sales for the fiscal was down 47% at Rs.27 crore and net profit slipped by a huge 75% to Rs.3 crore.

Equity of the company stands at Rs.5.31 crore. Its EPS came in at Rs.5.43 (FV of Rs.10/share). It remains debt free company, with reserves at Rs.43 crore and cash is at Rs.13 crore.