Punjab Tractors (Delisted) share price
BSE: 500344
Punjab Tractors Ltd. · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary
Last traded ₹96.05 on 24 Feb 2009
Delisted on 11 May 2009.
Last announcements
The company's own last announcements before its shares stopped trading, routine notices left out.
Feb 2009
18 Feb · Business
Brief note on the Scheme. The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.18 Feb · Suspension of trading in equity shares
Members of the Exchange are hereby informed that the trading in equity shares of Punjab Tractors Ltd. shall be suspended w.e.f. February 25, 2009 (i.e. closing hours of trading on February 24, 2009) on account of Scheme of Amalgamation of Punjab Tractors Ltd. with Mahindra & Mahindra Ltd.16 Feb · Corporate action
Mahindra & Mahindra Ltd. has informed the Exchange that "This is further to our letters dated 30th January, 2009 & 16th February, 2009 regarding the Scheme of Amalgamation of Punjab Tractors Limited with Mahindra and Mahindra Limited and their respective Shareholders ("the Scheme"). We wish to inform you that the Company has fixed Wednesday, the 4th March, 2009 as the 'Record Date' for the purpose of ascertaining the Shareholders of the erstwhile Punjab Tractors Limited ("PTL") who would be entitled to receive Equity Shares of the Company in terms of the Scheme. In accordance with the Scheme, the Company will issue and allot to those Shareholders of PTL whose names appear in the Register of Members of PTL on the record date, 1 (One) equity share of Rs. 10 each fully paid up in the capital of the Company for every 3 (Three) equity shares of Rs. 10 each fully paid up held in the equity share capital of PTL. The equity share certificate(s) of PTL will not be called back by the Company for exchange with the equity shares of the Company. The equity shares issued by PTL will not be tradable or negotiable on and from the Record Date or such other earlier date as may be fixed by the Stock Exchanges in this regard.The Equity Shares, proposed to be issued by the Company, will be submitted for listing with the Bombay Stock Exchange Limited and National Stock Exchange of India Limited and they shall rank pari-passu with the then existing Equity Shares of the Company".
Jan 2009
30 Jan · Business
Punjab Tractors Ltd. has informed the Exchange that: "The Hon'ble High Court of Judicature at Bombay has approved the Scheme of Amalgamation of Punjab Tractors Limited with Mahindra and Mahindra Limited and their respective Shareholders vide Order dated January 09, 2009, a certified copy of which was made available on January 22, 2009. The Hon'ble High Court of Punjab and Haryana, Chandigarh has also approved the Scheme vide order dated January 16, 2009. However, the certified copy of this order is yet to be received. The Effective Date of the Scheme will be the last of the dates on which the said certified copies of the Orders passed by the aforesaid High Courts are filed with the Registrar of Companies, Maharashtra, Mumbai and the Registrar of Companies, Punjab, Jalandhar respectively".19 Jan · Business
Punjab Tractors Ltd. has informed the Exchange regarding the press release dated January 19, 2009, titled "PTL's 9 months profit Zooms 110%". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.19 Jan · Results
Punjab Tractors Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2008 as follows: Net Sales of Rs. 35633 lacs for quarter ending on 31-DEC-2008 against Rs. 30290 lacs for the quarter ending on 31-DEC-2007. Net Profit / (Loss) of Rs. 3503 lacs for the quarter ending on 31-DEC-2008 against Rs. 2540 lacs for the quarter ending on 31-DEC-2007.
Results for the quarter to Dec 2008
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
- RevenueRevenue from operations. Money earned from selling the company's goods and services in the period. Revenue from operations in the glossary
- ₹359 Cr+18.5% on a year ago · +16.5% on the quarter beforeChange on a year ago and on the quarter before. The change against the same quarter a year before: (this quarter's figure less that quarter's) divided by that quarter's, times 100. The change on the quarter before is the same sum against the quarter just before, taken as this quarter's results restate it where the company restated it: this quarter's year to date less this quarter. Left out where either figure is a loss, where the restatement covers two or more earlier quarters without saying which, or across a change of basis named under the table, on the lines it affects.
- Operating profitOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. Operating profit before depreciation (EBITDA) in the glossary
- ₹44 Cr+17.0% on a year ago · +45.2% on the quarter before
- Net profitNet profit. What is left of revenue and other income after every cost, interest and tax. Net profit in the glossary
- ₹35 Cr+37.9% on a year ago · +28.4% on the quarter before
- Operating margin
- 12.4%
- Net margin
- 9.8%
From revenue to net profit, ₹ crore
- Revenue359
- Materials and goods−258
- Employee costs−30
- Other expenses−27
- Operating profit44
- Depreciation−4.5
- Other income+3.8
- Finance costs+8.2
- Profit before tax52
- Tax−17
- Net profit35
Punjab Tractors results by quarter
Standalone: the listed company alone, without its subsidiaries. Latest quarter to Dec 2008. Results for the quarter to Mar 2009 were due by 30 May 2009, 60 days after it ends. Every company's dates are on the results calendar.
Revenue and net profit by quarter, ₹ crore
- Revenue
- Net profit
Peak revenue ₹359 Cr, quarter to Dec 2008; lowest ₹207 Cr, quarter to Sep 2007
Operating and net margin by quarter, per cent
- Operating margin
- Net margin
| ₹ crore | Sep 2007 | Dec 2007 | Mar 2008 | Jun 2008 | Sep 2008 | Dec 2008 |
|---|---|---|---|---|---|---|
| Revenue from operations | 207 | 303 | 286 | 314 | 308 | 359 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. Operating expenses in the glossary | 191 | 265 | 249 | 286 | 277 | 314 |
| Materials and goods boughtCost of materials and goods. Raw materials used and goods bought for resale in the period, adjusted for the change in stock held. Cost of materials and goods in the glossary | 145 | – | 36 | 227 | 222 | 258 |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. Employee costs in the glossary | – | – | – | 33 | – | 30 |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. Other expenses in the glossary | – | – | – | 25 | – | 27 |
| Operating profit before depreciation | 16 | 38 | 37 | 29 | 31 | 44 |
| Operating margin | 7.5% | 12.5% | 13.0% | 9.1% | 9.9% | 12.4% |
| Depreciation and amortisationDepreciation and amortisation. The part of the cost of plant, buildings and other long-lived assets charged against each year they are used. Depreciation and amortisation in the glossary | 4 | 4 | 4 | 4 | 4 | 5 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. Other income in the glossary | – | 1 | 1 | 3 | 6 | 4 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. Finance costs in the glossary | −4 | −5 | −4 | −5 | −7 | −8 |
| Profit before tax | 15 | 39 | 39 | 32 | 39 | 52 |
| 5 | 14 | 12 | 10 | 12 | 17 | |
| Tax rateEffective tax rate. Tax charged as a percentage of profit before tax. Effective tax rate in the glossary | 34.2% | 35.4% | 30.7% | 29.9% | 30.1% | 32.4% |
| Net profit | 10 | 25 | 27 | 22 | 27 | 35 |
| Net margin | 4.7% | 8.4% | 9.3% | 7.1% | 8.9% | 9.8% |
Earnings per share in rupees, restated for later splits and bonuses.
1 year at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
Operating and net margin, per cent
- Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. Operating margin in the glossary
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
Results for the year to Mar 2008
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue970
- Operating expenses−873
- Operating profit97
- Depreciation−17
- Other income+2.4
- Finance costs+15
- Profit before tax97
- Tax−32
- Net profit65
Profit and loss
Standalone, ₹ crore, years to March. The last column is the twelve months to Dec 2008, the latest four quarters added.
| ₹ crore | Mar 2008 | Dec 2008Twelve months |
|---|---|---|
| Revenue from operations | 970 | 1,267 |
| 873 | 1,126 | |
| Materials and goods bought | 5 | 743 |
| Operating profit before depreciation | 97 | 141 |
| Operating margin | 10.0% | 11.1% |
| Depreciation and amortisation | 17 | 18 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. Operating profit after depreciation (EBIT) in the glossary | 80 | 123 |
| Other income | 2 | 14 |
| Finance costs | −15 | −25 |
| Profit before tax | 97 | 161 |
| Tax | 32 | 50 |
| Net profit | 65 | 111 |
| Net margin | 6.7% | 8.8% |
Ratios
Standalone, years to March.
| Ratio | Mar 2008 |
|---|---|
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. Interest cover in the glossary | −5.5 |
Accounting checks
Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Mar 2008 |
|---|---|
| Effective tax ratePublished threshold 17.16 per cent | 32.89 |
A threshold marked as ours has no published figure; it is the line we read the check against.
Where the return came from
Yearly rates to Mar 2008, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −26.0% | – | – | 0.0% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record.
Recent sessions
The 10 trading days to 24 Feb 2009, as traded on BSE.
| Date | Open | High | Low | Close | Average price | Volume |
|---|---|---|---|---|---|---|
| 24 Feb 2009 | 90.00 | 99.00 | 87.50 | 96.05 | 93.34 | 6,330 |
| 20 Feb 2009 | 92.50 | 93.50 | 89.00 | 91.15 | 91.46 | 2,905 |
| 19 Feb 2009 | 93.50 | 96.95 | 93.50 | 95.30 | 95.07 | 1,417 |
| 18 Feb 2009 | 95.95 | 96.00 | 91.25 | 92.80 | 93.76 | 2,078 |
| 17 Feb 2009 | 98.00 | 98.50 | 94.00 | 95.35 | 95.96 | 2,665 |
| 13 Feb 2009 | 97.00 | 103.90 | 97.00 | 102.75 | 101.65 | 17,085 |
| 12 Feb 2009 | 92.10 | 97.00 | 92.10 | 95.70 | 95.11 | 2,400 |
| 11 Feb 2009 | 91.50 | 92.80 | 90.05 | 91.85 | 91.43 | 490 |
| 10 Feb 2009 | 90.95 | 94.90 | 90.50 | 91.80 | 92.29 | 3,215 |
| 9 Feb 2009 | 90.00 | 90.45 | 88.50 | 89.20 | 89.26 | 2,262 |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 4 Jan 2008 | Price move | – | Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for. |
Each event is noted and not adjusted for.
Company details
- BSE code
- 500344
- ISIN
- INE170A01013
- Website
- www.swarajenterprise.com
- Registered office
- Industrial Area, Phase II ,S A S Nagar,Mohali, Chandigarh 160055, Punjab
- Share registrar
- MCS Share Transfer Agent Ltd
- Keeps the register of shareholders and handles transfers and dividend payments