May 15, 2012

Caplin Point

Caplin Point Ltd
(Face value Rs 10 Dividend 15%)

Previous update: Link

Results update:

31/3/2012 Y-o-Y Q-o-Q
Sales 2600.13 41.9% -3.8%
Operating income 304.94 141.5% 27.9%
Other income 57.4 41.8% -21.4%
Interest costs 17.57 -28.1% -24.3%
Tax expenses 136.38 661.5% 64.0%
Net Profit 208.13 70.6% 1.9%
EPS 1.38 70.4% 2.2%

With a sales growth of 42% and expansion of margin. The company is able to reduce its interest costs. I think with the dividend payment track record of the company the profits seems to be genuine. @ current market price and dividend payment of 15% converts in to the yield of 5.77%. People can look in to this stock before the big up move but don't get carried away and invest only in small quantity as the stock is highly illiquid.

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