Mt Everest Min

Tata Global holds 50.07% stake and Tata Investment holds 0.18%, taking the total tally of this Tata company to 50.24%. Interestingly, Gujarat Flurochemicals holds 6.4% stake and Kotak Mahindra Investments has 7.41% stake. The company bottles and sells mineral water under the brandname Himalayan, which is the only internationally accepted natural mineral water from India. The company claims it sources its water from an underground aquifer located in the Shivalik range of the Himalayas.

For Q1Fy15, though the company’s net sales fell 14% at Rs.6 crore, thanks to the 8% drop in operating expenses and write back of excess provision, it ended the quarter with a net profit at Rs.1.61 crore, up by a jaw dropping 300%. Sequentially, it is up 68%. What really helped was the write back of 99 lakh of excess provision, which is shown under ‘other operating income’. Lower raw material and packaging cost helped the company bring down its overall costs thus boosting the bottomline. Its equity is pretty high at Rs.34 crore and EPS is just 47 paise (Rs.10 face value).