It is a public limited company incorporated in the province of Punjab having its registered office located at 16/2 Sir Aga Khan Road Lahore. Its manufacturing facilities are located at Hazara Road Hassanabdal.
The company was listed at Karachi Stock Exchange in 1979. The recent price of KSB share has been quoted at Rs 35.50 per share which is close to 4 times of the par value. During September 2004, the price of the share ranged between Rs 33.40 and Rs 37 per share but the share did not do much transaction as only 6.5 thousand shares changed hands.
The profit distribution record shows regular payout during the last two years. But the payout rate were less than attractive as the payout in 2003 was at 10% and in 2003 at 5%. The rate of return on the investment in KSB share at the prevailing price works out to very low rate of return.
The company posted sales at Rs 165.18 million during the period under review as compared to Rs 166.97 million showing almost static growth. The gross profit was low and so was the case with gross margin.
However net profit at Rs 11.82 million was more than double of the preceding Q1 2003 figure of Rs 5.42 million.
The increase in profitability was supported by commendable increase in other income which increased from Rs 2.35 million in Q1 2003 to Q1 2004 figure of Rs 16.11 million.
The demand for its pumps have risen in the sugar and distillery units. The company has also secured high order in the projects at Dhudial & Cholistan.
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Performance Statistics (Million Rupees)
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Balance sheet -As At-
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March 31 December 31
2004 2003
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Share Capital-Paid-up: 120.00 120.00
Reserve & Profit: 147.93 136.12
Shareholders Equity: 267.93 256.12
L.T. Debts: 0.49 0.73
Employees' Benefits: 22.92 24.07
Current Liabilities: 314.91 265.39
Fixed Capital Expenditure: 59.96 61.45
L.T. Loans & Deposits: 2.22 2.14
Deferred Taxation: 14.05 14.05
Current Assets: 530.02 468.67
Total Assets: 606.25 546.31
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Profit & Loss A/c For
The First Quarter Ended March 31 2004 2003
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Sales: 165.18 166.97
Gross Profit: 34.79 38.38
Operating Profit: 5.63 10.63
Other Income: 16.11 2.35
Financial (Charges): (0.57) (3.24)
Profit Before Taxation: 19.69 9.03
Net Profit After Taxation: 11.82 5.42
Earnings Per Share (Rs): 0.98 0.45
Share Price (Rs) on 11-10-04: 35.50 -
Price/Earning Ratio: 36.22 -
Book Value of Share (Rs): 22.30 21.34
Debt/Equity Ratio: 0:100 0:100
Current Ratio: 1.68 1.76
Gross Profit Margin (%): 21.06 22.99
Net Profit Margin (%): 7.16 3.25
R.O.A. (%): 1.95 0.99
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COMPANY INFORMATION: Chairman Agus Susanto; Chief Executive & Managing Director: Arif Ijaz; Company Secretary: S. Zamanat Abbas; Registered Office: 16/2 Sir Aga Khan Road Lahore 54000; Web Address Not Reported; Works Hazara Road Hassanabdal.
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