BUY IOC TARGET 580

DATE-07/08/2008

CMP-450

TARGET-600

STOP LOSS-400







COMPANY TECHNICALS

Share Holding Pattern as on : 30/06/2008 31/03/2008 Face Value 10.00 10.00 No. Of Shares % Holding No. Of Shares % Holding PROMOTER'S HOLDING Indian Promoters 958077855 80.35 958077855 80.35 Sub Total 958077855 80.35 958077855 80.35 NON PROMOTER'S HOLDING Institutional Investors Mutual Funds and UTI 14309657 1.20 14854619 1.25 Banks Fin. Inst. and Insurance 38906963 3.26 38917249 3.26 FII's 20594301 1.73 19895526 1.67 Sub Total 73810921 6.19 73667394 6.18 Other Investors Private Corporate Bodies 110877363 9.30 112272771 9.42 NRI's/OCB's/Foreign Others 507704 0.04 490871 0.04 Government 1350000 0.11 1350000 0.11 Others 13612336 1.14 13232109 1.11 Sub Total 126347403 10.60 127345751 10.68 General Public 34138127 2.86 33283306 2.79 GRAND TOTAL 1192374306 100.00 1192374306 100.00
Mar ' 07 Mar ' 06 Mar ' 05 Mar ' 04 Mar ' 03 Income : Operating Income 216,498.85 174,895.12 139,214.32 116,888.54 109,049.96 Expenses Material Consumed 193,471.53 156,413.53 121,580.37 97,846.67 90,944.35 Manufacturing Expenses 1,112.87 961.22 1,252.79 898.08 787.12 Personnel Expenses 2,586.80 1,799.23 1,829.10 1,537.18 1,696.15 Selling Expenses 7,733.07 6,721.97 5,868.43 5,032.02 4,702.14 Adminstrative Expenses 1,375.23 1,596.65 1,270.69 1,217.72 1,286.01 Expenses Capitalised -542.83 -406.74 0.00 0.00 0.00 Cost Of Sales 205,736.67 167,085.86 131,801.38 106,531.67 99,415.77 Operating Profit 10,762.18 7,809.26 7,412.94 10,356.87 9,634.19 Other Recurring Income 1,836.69 1,426.92 1,121.31 957.23 1,189.18 Adjusted PBDIT 12,598.87 9,236.18 8,534.25 11,314.10 10,823.37 Financial Expenses 1,496.25 995.44 604.17 470.86 791.28 Depreciation 2,590.31 2,201.46 2,072.80 1,873.79 1,656.28 Other Write offs 113.43 10.47 0.00 0.00 0.00 Adjusted PBT 8,398.88 6,028.81 5,857.28 8,969.45 8,375.81 Tax Charges 2,949.46 1,790.38 1,063.80 2,646.40 2,299.11 Adjusted PAT 5,449.42 4,238.43 4,793.48 6,323.05 6,076.70 Non Recurring Items 1,973.32 178.24 76.45 537.44 -406.03 Other Non Cash adjustments 76.73 498.45 21.45 144.33 444.22 Reported Net Profit 7,499.47 4,915.12 4,891.38 7,004.82 6,114.89 Earnigs Before Appropriation 7,499.47 4,915.12 4,891.38 7,004.82 6,114.89 Equity Dividend 2,250.89 1,460.02 1,693.62 2,452.83 2,258.16 Preference Dividend 0.00 0.00 0.00 0.00 0.00 Dividend Tax 361.72 204.77 237.29 314.27 239.44 Retained Earnings 4,886.86 3,250.33 2,960.47 4,237.72 3,617.29
Jun ' 08 Mar ' 08 Dec ' 07 Sep ' 07 Jun ' 07 Sales 81,111.28 70,664.71 70,213.19 61,029.62 58,576.51 Other Income 14,275.97 7,429.23 1,346.31 1,269.79 1,691.05 Stock Adjustment -3,183.84 -1,115.59 1,497.47 -1,629.24 -710.73 Raw Material 37,109.23 29,583.24 26,252.24 22,439.92 23,073.78 Power And Fuel 0.00 0.00 0.00 0.00 0.00 Employee Expenses 1,560.41 784.73 695.43 750.21 683.84 Excise 6,238.68 6,301.12 6,154.66 4,880.92 5,714.55 Admin And Selling Expenses 0.00 0.00 0.00 0.00 0.00 Research And Devlopment Expenses 0.00 0.00 0.00 0.00 0.00 Expenses Capitalised 0.00 0.00 0.00 0.00 0.00 Other Expeses 51,953.55 42,025.46 32,645.91 29,466.55 28,396.42 Provisions Made 0.00 0.00 0.00 0.00 0.00 Operating Profit -12,566.75 -6,914.25 2,967.48 5,121.26 1,418.65 Interest 614.23 492.34 387.96 333.53 337.41 Gross Profit 1,094.99 22.64 3,925.83 6,057.52 2,772.29 Depreciation 672.63 692.16 666.29 676.47 674.78 Taxation 7.23 -255.25 1,168.85 1,571.78 632.44 Net Profit / Loss 415.13 -414.27 2,090.69 3,817.75 1,465.07 Extra Ordinary Item 0.00 0.00 0.00 8.48 0.00 Prior Year Adjustments 0.00 0.00 0.00 0.00 3.34 Equity Capital 1,192.37 1,192.37 1,192.37 1,192.37 1,192.37 Equity Dividend Rate 0.00 0.00 0.00 0.00 0.00 Agg.Of Non-Prom. Shares (in lacs) 2,342.96 2,099.34 2,342.96 2,342.96 2,342.96 Agg.Of Non PromotoHolding(%) 19.65 17.97 19.65 19.65 19.65 OPM(%) -15.49 -9.78 4.22 8.39 2.42 GPM(%) 1.14 0.02 5.48 9.72 4.59 NPM(%) 0.43 -0.53 2.92 6.12 2.43 EPS (in Rs.) 3.48 -3.47 17.53 32.02 12.29