Financial result of top print related companies

PrintWeek India looks at some of the major print companies and their performance in the first quarter of 2013. This report hopes to shed some light on what to expect from the first financial quarter of the new financial year (2013-14)

19 Jul 2013 | By Sanika Kapale

Archies has passive financial growth figures  
In the first three months of 2013, the greeting card company Archies encountered a drop in the net income from Rs.56.44 crore to Rs.55.40 crore even though it increased from Rs.54.56 crore, which was its last year’s net income. It’s earnings before interest and taxes went down by 37.33% and the profit after tax was down to 35.59%. The total growth in terms of expenses climbed to only Rs.50.64 crore from the initial value ofRs.50.08 crore. Even though the raw materials only accounted for Rs.2.90 crore, there was a slight increase of 0.99% in the net income as compared to the last year’s (2012) net income.

Archies(earlier known as Archies Greetings and Gifts) is an Indian company based in New Delhi. It was started in 1979 by Anil Moolchandani, who is also the chairman and managing director. Moolchandani was quoted saying, “We are now living in a time where expressive giving has become a part of our lifestyle.” This has also become the company’s prime encouragement.

Ballarpur Industries maintains great business figures
The largest manufacturer of writing and printing paper in India, Ballarpur industries earned Rs.269.03 crore in its fourth quarter. While its employee cost increased from Rs.18.21 crore in 2012 to Rs.23.26 crore in 2013, the total number of public shares remained stagnant at 33.16 crore. The industries consolidated March 2013 sales at Rs.1,244.87 crore. The investment in power and fuel decreased to Rs.51.14 crore from Rs.55.17 crore in the last quarter year.

Members of the Avantha Group own 49.42% of the issued share capital of Ballarpur. Led by GautamThapar, Avantha demonstrates strong leadership globally and emerges as a focused corporate, leveraging its knowledge, leadership and operations, adding lasting value for its stakeholders and investors.

Deccan Chronicle at an all-time low
Hyderabad-based company, Deccan Chronicle, has earned a total of 107.53 crore from its operations even after an amount of 18.79 crore was invested in the employee expenditure. The net sales dropped to 96.90 crore in March, from 101.06 crore (December 2012). While the consumption of raw materials dropped to 46.83 crore from Rs.52.82 crore, the shareholding percentage was at 67.34% in the last quarter year.

The Indian Premier League cricket franchise of the Deccan Chargers was owned by 
Deccan Chronicle. The ownership was terminated by BCCI on 12 October 2012, due to failure of the franchise to provide a bankguarantee of Rs.100 crore. This franchise has now been acquired by Sun TV Group and is called Sunrisers Hyderabad known as SRH. Deccan Chronicle Holdings Limited (DCHL) suffered another jolt on 8 January 2013, when Kotak Mahindra Bank took possession of the premises of its printing press located at Kondapur on the outskirts of Hyderabad.

EsselPropack at a new peak
Headquartered in Mumbai, this company is a part of Essel Group and manufactures laminated and seamless or extruded plastic tubes. With total earnings ofRs.618.34 crore, the company has a profit of 14.11%. The net sales account for Rs.579.13 crore while Rs.464.10 crore is the total expenditure of the company. Rs.121.16 crore is its earnings before interest and taxes and reported profit after tax is 49.84 crore. 1571.10 crore is shares in issues of Esselpropack, Rs.3.17 is the annualised EPS (earnings per share).

The Essel Group’s renowned brands include DishTV, Zee Entertainment Enterprise Limited, DNA - a daily newspaper and Asian Sky Shop – a teleshopping network.

The prominent group also started a new green field plant in Tianjin city of North East China in 2010. The facility is located within customer premises.

HT Media has a rising graph
The mass-media company based in Delhi has had an increase of 1.27% in Bombay Stock Exchange. Its total income increased to Rs.1387.37 crore while the net sales accounted for Rs.1319.14 crore of the income. Rs.1080.46 Crore was the expenditure by the company in the previous year and the earnings before taxes was Rs.246.62 crore. With Rs.159.82 crore being the profit after tax, the company managed an annualised EPS (earning per share) of Rs.6.80.Revenue growth saw a hike of 22% in advertisement revenue within the print segment, which reached Rs.1,395 Crore from Rs.1,141 Crore in the previous fiscal of 2013 and an impressive 63% increase in revenue from the Radio & Entertainment segment from Rs.43 Crore to 10 to Rs.70 Crore as of March 2013.

HT Media’s press initiative, Hindustan Times has been declared the No. 1 English language daily in Delhi for the 10th time in a row, according to the latest round (Q2, 2012) of the Indian Readership Survey (IRS).

The graph lowers for Hindustan Adhesives
The company’s net sales have reached Rs.19.85 crore from Rs.19.13 crore in the last quarter year. While its annualised EPS (earnings per share) has decreased from Rs.0.88 to Rs.0.74, its public share percentage has dropped to 41% from 45% in the last year. The loss in earnings before interest and taxes is about 2.06% and 11.38% is the loss after tax. All the losses have piled up due to a total income of only Rs.66.92 crore in the last quarter year, even though the sales turnover accounted for Rs.71.89 crore as compared to Rs.67.56 crore.

The Company is the only integrated producer of Adhesive Tapes having the specialized Double Bubble Film technology for producing specialized BOPP Adhesive Tapes with both Acrylic and Hot-Melt technology.

JK Paper maintains robust financial growth figures
While the total income of the printing group is Rs.386.09 crore in the last quarter year of 2013, Rs.383.28 crore is accounted to the net sales. The share-holding percentage is more or less stagnant at 48.25%. The earnings before interest and taxes have decreased the income by 48.05% and the profit after tax accounts for Rs.49.32 crore. The total income in the previous year was a whopping Rs.1513 crore, while the net sales accounted for Rs.1494.85 crore. Also, the total expenditure was as high as Rs.1334.80 crore. The annualised EPS (earnings per share) came down to Rs.3.61 from Rs.13.62.JK Papers, one of India’s largest Paper Companies reported a Net Profit of Rs.20.98 Cr for Q4, 2013, a jump of 89% over corresponding Q4 last year.

Harsh PatiSinghania, vice chairman and managing director of JK Paper was quoted saying, “Selling prices which remained stable during most part of the year, improved significantly during Q4, 2013. This backed by stability in coal and chemical prices resulted in improved profitability compared to the preceding quarter. However, raw material availability and prices continues to be a matter of concern”.JK Paper has announced the demise of Singhania on 22 February 2013.

Jagran Prakashan holds its robust business figures
The publication has a total income of Rs 1289.72 crore which shows an increase of 14.40% since last year. While the earnings before interest and taxes is Rs 272.32 crore (lowering the profit by 9.02%), the profit after tax accounts for a sum of Rs179.64 crore. The net sales account for Rs.1244.41 crore. The total expenditure in the last fiscal year has been Rs.951.73 crore. The number of shares is 12.74 crore and the other operating income accounts for Rs.8.63 crore.

Almost a year back, in April 2012, JagranPrakashan confirmed AcquiringSuvi Info Management (Indore). Some of its newspaper undertakings include DainikJagran, i-next, City Plus, miD-Day, Inquilab, NayiDuniya, Jagran Sakhi, Jagran Engage, Jagran Slutions and Jagran International.

Karur Packaging maintains its prominence
The main supplier to the Indian Cement industry and a prominent exporter, Karur KCP Packaging, had the net sales of Rs.87.77 crore in March 2013. Its total income is thus Rs.89.93 crore even when the expenditure on raw materials was Rs.76.10 crore. The percentage of shareholders remained stagnant at 36% during the last fiscal year. The earnings before interests and taxes accounted for Rs.15.07 crore. But profit after taxes had reduced to Rs.0.74 crore.

Karur KCP Packagings’ Registered office address of the Company has been changed to the following new address :Karur K.C.P. Packkagings Limited. Regd. Office Address: No:1, First Floor, Bhagath Singh Street, (Behind Standard Ice factory) BharathiPuram, Puducherry, 605011. Also, Karur KCP Packagings has informed BSE that the Board of Directors of the Company at its meeting held on May 30 2013, have recommended a dividend of Rs.1.00 per Equity Shares of Face Value of Rs.10 each.

Rapid growth of ITC
With total income of Rs.30,159.46 crore, ITC has seen a whopping increase of 17.30% in its income in the last fiscal year.Rs.29211.79 crore is attributed to the net sales while the total expenditure accounts for Rs.18584.28 crore. The earnings before tax was Rs.10770.65 crore and the reported profit after tax was Rs.7418.39 crore. The annualised EPS (earnings per share) rose from Rs.7.88 to Rs.9.39 in the previous year and the equity dividend was as high as 525%.

Commenting on the success ofPLM (Product Lifecycle Management) ‘Campus Connect Program'at Ramdeobaba College of Engineering and Management (RCOEM), Nagpur, on 7 June 2013, Mr. V VRajasekhar, Senior Vice-President-PLM and Engineering Services, ITC Infotech said,"Our program will help bring students closer to industry, improve college-industry interactions and reduce time for students getting deployed in projects and customer assignments.”

Huge drop for Manugraph Industries
India’s largest manufacturer of web offset presses, Manugraph industries had a total income of Rs.52.48 crore in the first quarter year of 2013. Even though the net sales accounted for Rs.50.63 crore of the total income, the investment in raw materials was as high as Rs.28.97 crore. The percentage of shareholders was 42.94%, thanks to the 1.31 crore shares the company has. Taxes cut out almost Rs.0.62 crore and there was a huge drop from Rs.99.36 crore (December 2012) to Rs.52.48 crore (March 2013).

Earlier this year (2013), Manugraph announced its latest addition to the Manugraph stable, an efficient web machine catering to the Book printing industry. The Short web path ensures excellent print quality and reduced waste, which provides an excellent price performance ratio
.

Navneet Publication holds its graph steady
With the total income being Rs.628.78 crore, Navneet has seen a rise of 13.35% since the previous year. The net sales accounted for Rs.166.19 crore in the first quarter of the year 2013 out of the total income of Rs.166.98 crore. In the last 3 months, an expenditure of Rs.138.38 crore resulted in earnings before interest and taxes to be Rs.23 crore. The reported profit after tax was as high as Rs.13.30 crore. The equity capital remained stagnant at 47.64% throughout the year.

Navneet Publications India announced that the Register of Members & Share Transfer Books of the Company will remain closed from July 31, 2013 to August 06, 2013 (both days inclusive) for the purpose of Payment of Final Dividend & Annual General Meeting (AGM) of the Company to be held on August 06, 2013. - Date from which the Dividend is payable: August 16, 2013.

Orient Press grows steadily
Total income from the prominent press group operations was as high as Rs.41.80 crore in the first 3 months of 2013. Rs.40.59 crore of this huge sums was attributed to the net sales. The earnings before interest and taxes were Rs.10.83 crore. Profit after taxes was again as high as Rs.14.45 crore. However, in the last fiscal year, the Rs.147.86 crore of money was invested in the manufacturing process and the annualised EPS (earnings per share) reached as high as Rs.17.90. Equity dividend remained stagnant at 25% in the previous year and there was a steady growth in the business.

Orient Press Ltd announced that the Board of Directors of the Company at its meeting held on May 23, 2013, has recommended a payment of final dividend of Rs. 0.50 (5%) per equity share of Rs.10/- each for the financial year 2012-2013 (subject to approval of the shareholders). Together with interim dividend of Rs. 2.00 (20%) per share already paid, total dividend declared for the year is Rs.2.50 per share (25%). In 2012 the same amount was paid as dividend.

Orient Paper and Industries at its stagnant point
One of the largest employers in Orissa, the paper and paper crafts’ manufacturing industry had the total income of Rs.482.69 crore in the first quarter on 2013. While the net sales accounted for Rs.470.67 crore of the total income, Rs.190.72crore was attributed to the raw materials. However, the total income reduced by 43.71%. The earnings before interest and taxes wereRs.28.35 crore and profit after taxes acquired Rs.10.57 crore. The percentage of shareholders remained more or less stagnant at 62.5% in the last fiscal year. The equity capital didn’t move either from Rs.20.49.

Pidilite Industries has a steep growth
The largest manufacturer of adhesives India,Pidilite industries earned Rs.784.29 crore in the last three months. This has resulted in an increase of 17.57% in the total earnings of Pidilite. The earnings before interest and taxes accounted for Rs.136.34 crore while the profit after tax came down to Rs.99.17 crore. Rs.760.80 Crore were earned directly from the net sales in the last quarter year. Equity capital remained the same as that in December 2013, at Rs.51.26 and the annualised EPS (earnings per share) came down to Rs.1.93. The industry had a steep growth even when the total expenditure was Rs.636.01 crore.

Two-day training programme on "Structural Diagnosis, Repair and Retrofitting of RC Structures" has been announced by Pidilite, to be conducted at Mumbai, Andheri, during the period 12-13 July 2013.

The graph of Rainbow Papers remains still
With Rs.164.68 crore, this recycled-paper manufacturing industry has achieved a 41.15% increase in its quarterly income. The net sales accounted for Rs.163 crore and Rs.128.77 crore was spent on manufacturing processes. Earnings before interest and taxes were Rs.28.64 crore but the reported profit after tax was approximatelyRs.6.96 crore, thus marking a rise of 89.64%. However, the percentage of shareholders decreased to 60.54% from the December 2012 percentage of 81.47%. The EPS (earnings per share) too dropped to Rs.0.7 from Rs.0.85 in the last fiscal year.

On May 29, 2013 BDR Securities bought 12,33,738 shares of Rainbow Papers at Rs.73.48 on the BSE.However, Man Industries India sold 12,02,738 shares at Rs.73.41.In the previous trading session, the share closed at Rs.77.45, down Rs.0.70, or 0.90 percent. It has touched a 52-week low of Rs.71.10.

Repro’s graph lowers in the March 2013 quarter
Largest India-based provider of printing and related solutions, Repro India saw a drop of 12.03%  in its total income in the first three months of 2013, making around Rs.89.64 crore. The earnings before taxes were 0.33% down, earning Rs.14 crore in the last quarter. The reported profit after tax was Rs.9.32 crore, which was down by 3.61%. While the net sales accounted for Rs.87.79crore itself,Rs.71.73 crore was attributed to manufacturing expenses. The equity capital was more or less the same, rising only by 0.6 to reach Rs.10.90 in the last fiscal year. The percentage of shareholders was around 33.53% at the end of March 2013.

However, Repro marked its presence at the World Book fair (conducted in February 2013) with a stall that highlighted our strengths in the content, print fulfillment and digitizing domains.

Uflex India does good business
The prominent packaging industry of India, Uflex, achieved a sum of Rs.713.73 crore as its total income in the first quarter of the year 2013. Rs.702.51 crore of this was attributed to the net sales for the year. Rs.611.40 Crore was the net expenditure and the earnings before interest and taxes were around Rs.66.31 crore. The reported profit after tax was Rs.32.52 crore, going down by 39.95%. The percentage of shareholders was stagnant at 56.53% throughout the last fiscal year. The number of public share holdings was at 4.08 crore as of March 2013.

The board of Uflex in its meeting held on 30 May 2013 has recommended dividend of Rs 2.40 per share on face value of Rs 10 per share for the year 2012-13.
Mr. Ashok Chaturvedi, chairman and managing director, Uflex group, claims thatthe group’s name is synonymous with flexible packaging industry in the country.

TCPL Packaging grows steadily
One of the popular packaging industries, TCPL packaging, earned Rs.104.38 crore in the last quarter year, making its income rise by 33.47%. The total expenses accounted for Rs.88.95 crore and the net sales brought inRs.103.21 crore. The earnings before interest and taxes wasRs.10.43 crore. But the reported profit after tax was Rs.3.92 crore, rising by 29.51%. The equity capital didn’t move from Rs.8.70 throughout the last fiscal year. The percentage of shareholders was as high as 44.39%. The number of public share holdings was at 0.39 crore as of March 2013.

In a moment, SaketKanoria, Managing Director, TCPL Packaging was quoted “TCPL is one of the two largest converters of paperboard in India. We print Shells and Hinge Lid Blanks required by cigarette manufacturing companies and Cartons, Boxes & other packaging material for various companies in liquor, FMCG, Food & Beverages segment and others.”

Stovec Industries’ growth is slow and steady
The prominent printing industry, Stovec, earned Rs.17.81 crore in the last quarter year, making its income rise by 1.62%. The total expenses accounted for Rs.14.41 crore and the net sales brought in Rs.16.82 crore. The earnings before interest and taxes wasRs.3.02 crore. But the reported profit after tax was Rs.2.05 crore, rising by a whopping 90.17%. The equity capital didn’t move from Rs.2.09 throughout the last fiscal year. The percentage of shareholders was as high as 29%. The number of public share holdings was at Rs.0.06 crore as of March 2013.

“We are expanding our capacity in order to enhance our market share within the country." said AshishKaul, managing director, Stovec Industries.

Shilp Gravures’ ascends in the ladder of business
The prominent engraving house of India, Shilp Gravures earned Rs.13.50 crore in the last quarter year, making its income go down by 3.55%. The total expenses accounted for Rs.10.33 crore and the net sales brought in Rs.13.43 crore. The earnings before interest and taxes wasRs.1.61 crore. But the reported profit after tax was Rs.0.64 crore, decreasing 39.71%. The equity capital didn’t move from Rs.6.15 throughout the last fiscal year. The percentage of shareholders was as high as 41.46%. The number of public share holdings was at 0.25 crore as of March 2013.
Re-controlliIndusatriali, ScientexBerhad, C.B.G ACCIAI and Shilp Ultra tech are the partners in business.

Also, ET NOW India MART “Leaders of Tomorrow 2010” award was presented to the Shilp group by then-Home Minister Shri P. Chidambaram.

Rollatainers business doesn’t look too good
The prominent packaging industry of India, Rollatainers made Rs.47.15 crore in the last quarter year at a loss of 4.36%. The total expenses accounted for Rs.55.70 crore and the net sales earned Rs.46.92 crore. However, the earnings before interest and taxes rose by a whopping 209.50% in the last quarter year and the reported profit before tax increased by 79.74%. The percentage of shareholders was as high as 25.05%. The number of public share holdings was at 0.53 crore as of March 2013.

R T Packaging has allotted 20,000,000 equity share of Rs. 10/- each to Rollatainers on preferential issue basis. Consequently, R T Packaging become subsidiary Company of Rollatainers.

Ricoh India maintains its prominent industrial position
The company’s net sales have reached Rs.239.47 crore from Rs.136.40 crore in the last quarter year. While its annualised EPS (earnings per share) has increased to Rs.15.40, its public share percentage has been stagnant at Rs.26.4 during the last fiscal year. The earnings before interest and taxes is a whopping Rs.65.04 crore, which signifies a 337.20% increase. The reported profit after taxes is Rs.61.23 crore and the total income has summed up to a whopping Rs.239.80 crore. The percentage of shareholders is 26.40% while the number of public shares is 1.05% for the past fiscal year of 2012. The total expenses were Rs.172.65 crore, as of March 2013.

Ricoh India also announced its mega expansion plans through IT Dealer/Reseller channel with SP 200 series laser printer equipped with Genuine Refill Program. Mr. Tetsuya Takano, Managing Director and Chief Executive Officer, Ricoh India Limited, remarked, “The launch of SP 200 series in addition to SP 100 is demonstrative of Ricoh’s policy of ‘Harmonize with the environment’ through products that reduced environmental impact and yet add value to the customer”.

Gujarat-based Sandesh maintains robust growth numbers
Gujarat-based company, has earned a total of Rs.76.22 crore from its operations even after an amount of Rs.56.90 crore was invested in the printing expenditure. The net sales dropped to Rs.76.22 crore in March, from Rs.79.30 crore (December 2012). While the consumption of raw materials dropped to Rs.28.51 crore, the shareholding percentage was at 25.08% in the last quarter year.

Sandesh is a leading daily in Gujarat. It was founded in 1923 and is published in Gujarat itself.
Sandesh has announced that the Register of Members & Share Transfer Books of the Company will remain closed fromAugust 31, 2013 to September 05, 2013 (both days inclusive) for the purpose of Payment of Dividend & 70th Annual General Meeting (AGM) of the Company to be held on September 05, 2013.

Cyber Media experiences a huge drop
Total income from the prominent media group operations was Rs.6 crore in the first 3 months of 2013. The complete sum was attributed to the net sales. There was, however, a drop of 44.51% in the earnings. The earnings before interest and taxes were Rs.-1.28 crore. Profit after taxes was as low asRs. -1.73 crore. However, Rs.7.19 crore of money was invested in the manufacturing process and the annualised EPS (earnings per share) reached Rs.-1.65. Equity capital remained stagnant at 10.50% in the previous year.

Among the top 5 magazine publishers in India, CyberMedia celebrated its 30th year in December, 2012.