Post by Equity Section on Jun 28, 2012 19:56:38 GMT 5.5
March quarter has also brought no surprise for Hawkins Cookers. Operating Sales stagnating at Rs. 103.21 crores. Cost of raw material is around 39% of Sales, indicating that raw material prices have cooled down remarkably. Employee cost stands at pretty much the same level at 12%. Operatin Profit Margin is 12.02% to that of Sales, much much better than the previous quarter for the same financial year, because of curtailing in advertisement expense.
Debt is no problem for Hawkins Cookers. ROCE for the whole year is 58%, which is still good, showing strength in the business. The only concern is the sales, which is no doubt the main concern, since it drives the growth. Lets see if there can be further fall in raw material prices with a certain growth in sales.
www.hawkinscookers.com/financial_results/March%202012.html
Debt is no problem for Hawkins Cookers. ROCE for the whole year is 58%, which is still good, showing strength in the business. The only concern is the sales, which is no doubt the main concern, since it drives the growth. Lets see if there can be further fall in raw material prices with a certain growth in sales.
www.hawkinscookers.com/financial_results/March%202012.html