Tinplate
The company declared a set of stellar numbers for Q4 and FY14. Though for Q4FY14, net sales rose in a more staid fashion, up 10% (YoY) at Rs.289 crore, net profit for the quarter spurted up by a huge 137% at Rs.19 crore. This was thanks to the jump up in other income at Rs.8 crore v/s Rs.5 crore in Q4FY13. For FY14, the company posted a 20% at Rs.1049 crore and net profit was at Rs.63 crore, up 125%.
Tata Steel's stake in Tinplate is at 73.44% of the total ‘promoters’ stake of 74.96%. Institutional holding is at a mere 0.02%, with no FII holding. This 0.02% stake is just around 20,000 shares, strangely of this only 4902 shares are dematerialized.
As at 31st March 2014, the company is sitting on a reserves of Rs.428 crore. Total debt is at Rs.115 crore and interest outgo for FY14 was at Rs.21 crore. Equity capital at gargantuan is at Rs.104.8 crore.