Author Topic: EXIDE -- Exide Pakistan Ltd.  (Read 34096 times)

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Toshi

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EXIDE -- Exide Pakistan Ltd.
« Reply #-1 on: October 10, 2008, 03:34:44 PM »
All About Exide Pakistan Ltd.
« Last Edit: January 30, 2012, 09:41:11 PM by M&M »

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EXIDE -- Exide Pakistan Ltd.
« Reply #-1 on: October 10, 2008, 03:34:44 PM »

Toshi

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Re: EXIDE -- Exide Pakistan Ltd.
« on: November 30, 2009, 12:19:57 PM »
EXIDE Pakistan Limited, the largest manufacturers of Lead Acid Electric Storage Batteries in Pakistan. A wide range of Exide Batteries is produced for many applications from batteries for Cars, Tractors, Trucks and Buses to Earth Moving Equipment and off-the-road Vehicles. EXIDE Pakistan also manufactures special application Industrial Batteries for Stand-by Power, locomotive engine starting and for TRAIN lighting system.

The technology used by EXIDE Pakistan is based on the technology of Chloride Group P.L.C. of U.K. high standards of design and manufacture are uniformly maintained with Head office at Karachi and branch offices are in the major cities of Pakistan.

Toshi

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Re: EXIDE -- Exide Pakistan Ltd.
« Reply #1 on: November 30, 2009, 12:21:31 PM »
EXIDE Pakistan Limited , majorly deals in three main Industry power related Products, and produces batteries for,

    1)  AUTOMOTIVE INDUSTRY
    2)  INDUSTRIAL POWER BATTERIES
    3)  LOCOMOTIVE INDUSTRY

Toshi

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Re: EXIDE -- Exide Pakistan Ltd.
« Reply #2 on: December 01, 2009, 03:27:07 PM »

Offline Farzooq

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Re: EXIDE -- Exide Pakistan Ltd.
« Reply #3 on: January 29, 2010, 11:49:52 AM »
29-JAN-10 EXIDE Exide (PAK) FINANCIAL RESULT FOR THE NINE MONTHS ENDED 31/12/2009
29-JAN-10 EXIDE Exide (PAK) PROFIT/LOSS BEFORE TAXATION RS. IN MILLION 197.588
29-JAN-10 EXIDE Exide (PAK) PROFIT/LOSS AFTER TAXATION RS. IN MILLION 130.408
29-JAN-10 EXIDE Exide (PAK) EPS = 23.08
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Offline Poker Face

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Re: EXIDE -- Exide Pakistan Ltd.
« Reply #4 on: September 12, 2010, 12:35:16 PM »
Period        EPS           PAT         Payout       Book Value
2000-01   -3.00      (16 million)   -                 45.00
2001-02     2.00        10 million   15%D           45.00
2002-03     5.00        28 million   20%D           50.00
2003-04   11.00        27 million   30%D           57.00
2004-05   10.00        53 million   10%D           67.00
2005-06   10.60        57 million   15%D           77.00
2006-07   16.95        91 million   25%D           93.00
2007-08   17.46        94 million   25%D          109.31
2008-09   21.87       118 million   50%D        134.30
2009-10   34.92       197 million   60%D         159.40
2010-11*    8.33        47 million      N/A            N/A
* 1st quarter only.
unappropriated profit carried forward Rs. 250 million (Rs. 45 per share) other than general reserves of Rs. 570 million.

Last closing price 133.
Assumption for 2010-11 EPS 28.00 PAT 156 million DPS 70% Dividend Yield 5.2%

Is this company good for investment at current price? Any unrealized risks for the sector? Thanks
« Last Edit: September 12, 2010, 12:57:34 PM by m.k.k »
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Offline M&M

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Re: EXIDE -- Exide Pakistan Ltd.
« Reply #5 on: September 12, 2010, 01:57:54 PM »
give me the link to its latest full financials please ..

last time I checked, it was HY10 i guess, it had a negative cash flow with good earnings lol - bullshit.

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Re: EXIDE -- Exide Pakistan Ltd.
« Reply #6 on: September 13, 2010, 12:52:07 PM »
http://www.exide.com.pk/accounts/index.html

I collected the information from annual report year ending 31 March 2010 and Q1 ending 30 June 2010,
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Offline M&M

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Re: EXIDE -- Exide Pakistan Ltd.
« Reply #7 on: September 13, 2010, 07:10:00 PM »
http://www.exide.com.pk/accounts/index.html

I collected the information from annual report year ending 31 March 2010 and Q1 ending 30 June 2010,

haan mainey annual hi dekha tha .. iska march mey khattam hota hey u'r rite ...
i'll check 1stq and respond accordingly.
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Re: EXIDE -- Exide Pakistan Ltd.
« Reply #8 on: September 13, 2010, 07:31:20 PM »
1stq results are better .. cash and cash equivalents still negative in the end though .. interest rate hike will bode negative for the company unless it has sufficient cash for working capital [which is not the case as yet], that is the only concern .. it's an average company - buy when oversold is what i suggest.
I'm looking at the chart and it has generated buy signals and it's around the oversold area - illiquidity is a concern 3months average volume is 400 .. lol
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Re: EXIDE -- Exide Pakistan Ltd.
« Reply #9 on: September 14, 2010, 03:28:38 PM »
Yahan to koi bechne ko tayyar hi nahin hai.  :(
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Offline guru1

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Re: EXIDE -- Exide Pakistan Ltd.
« Reply #10 on: October 06, 2010, 06:48:38 PM »
Aap isko ATBA say compare kerain, Price almost dounoo ki same ha oar earnings, exide Rs.34 aor ATBA 26. Net proift margin ATBA ka almost three times behtar ha exide say. seniors is ko interpret kerain aor kuch recommend kerain k kia kerna chaeeay.

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Re: EXIDE -- Exide Pakistan Ltd.
« Reply #11 on: October 06, 2010, 06:53:18 PM »
Aap isko ATBA say compare kerain, Price almost dounoo ki same ha oar earnings, exide Rs.34 aor ATBA 26. Net proift margin ATBA ka almost three times behtar ha exide say. seniors is ko interpret kerain aor kuch recommend kerain k kia kerna chaeeay.

almost same charts for last 2 years same highs same lows
atba has better volumes
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Offline Abdul Qadir

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Re: EXIDE -- Exide Pakistan Ltd.
« Reply #12 on: October 06, 2010, 08:21:52 PM »
ATBA much better in relation to exide and atba volumes allows to enter or exit easily

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Re: EXIDE -- Exide Pakistan Ltd.
« Reply #13 on: October 07, 2010, 08:34:15 AM »
ATBA diluted earnings are much lower. It is not 26. EXIDE is selling at this rate only because it has not paid huge dividend but the advantage is that the shares are not diluted and its paid up capital is 3 times its issued capital. Dividend payout is also increasing slowly. But I guess the company is in the process of building its general reserves. It belongs to the famous Hashwani Group. ATBA is good @ 120. Right now a little expensive as compared to earnings. EXIDE on the other hand may not give you hefty dividends and bonuses but might be better for long term holding.
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Offline guru1

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Re: EXIDE -- Exide Pakistan Ltd.
« Reply #14 on: October 07, 2010, 09:39:42 AM »
ATBA diluted earnings are much lower. It is not 26. EXIDE is selling at this rate only because it has not paid huge dividend but the advantage is that the shares are not diluted and its paid up capital is 3 times its issued capital. Dividend payout is also increasing slowly. But I guess the company is in the process of building its general reserves. It belongs to the famous Hashwani Group. ATBA is good @ 120. Right now a little expensive as compared to earnings. EXIDE on the other hand may not give you hefty dividends and bonuses but might be better for long term holding.
Great brother, i m also of the same opinion.

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Re: EXIDE -- Exide Pakistan Ltd.
« Reply #15 on: November 30, 2010, 04:01:12 PM »
 half year eps 21.17 (2009 16.46) up 28.61% yoy. Net sales 23% increase.

Result is beyond my expectations.
At today's closing price, it is still trading at annual P/E multiple of 4.2x.
My buying rate is 143 average and holding.
At current levels, the scrip is still one of the cheapest and safest as:-
1. The company has very little worries regarding debt.
2. EXIDE battery is one of the leading brands in Pakistan along with AGS (Atlas Battery). Very safe nature of business. Expected to give Rs. 8/- dividend for this year.

 
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Re: EXIDE -- Exide Pakistan Ltd.
« Reply #16 on: January 06, 2011, 06:43:38 PM »
Today EXIDE went upper cap very early with very unusually high volume figure of 108,914 shares.
At last closing price of Rs. 206.32, the scrip is trading at a P/E multiple of 4.9x.
However RSI is about to touch 70. But in bullish market, overbought levels are raised to 80.

So, my estimates say that the scrip should comfortably reach Rs. 300/- level in medium term. Target eps for full year is 45 rupees.


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Re: EXIDE -- Exide Pakistan Ltd.
« Reply #17 on: January 21, 2011, 05:43:35 PM »
bm on 29 Jan, 2011 for result of 9 months.
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Re: EXIDE -- Exide Pakistan Ltd.
« Reply #18 on: January 31, 2011, 10:02:51 AM »
9 months eps 30.62 up 32.66% yoy  :goodc:
q3 eps 9.45 down 26.45% qoq (q2 eps 12.85) [q3 2009 was 6.62]

Battery sales have shown an 11.5% decline for Oct-Dec 10 compared to same period last year.
Finance cost has also shown a 100% jump from Rs. 49.9 million to 98.9 million yoy.

All in all not a bad result but not an outstanding result!

Currently trading at P/E multiple of 5.3x. Currently it is rising but might show some decline in coming days. 
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