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Zuari Forex Ltd Stock Analysis

Small Cap
Evaluated by 58 users | BSE: 530283 | NSE: |
Finance - Investment
Zuari Forex Limited (ZFOL), a Hede Business Group company, was incorporated in 1996 as a 100% subsidiary of Zuari Finance Ltd. with an objective of developing the foreign exchange business of the company due to certain restrictions imposed by Reserve Bank of India. The first location was...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
 Jun'01Jun'02Jun'03Jun'04Jun'05Jun'06Jun'07Jun'08Jun'09Jun'10
Operating Income (Rs. Cr.)9311413613421.296.873.676.451.18
Y-o-Y Gr. Rt.-22.9%19.3%-1.7%-84.2%357.2%-23.9%3.8%-33.2%-84.4%
Adjusted EPS (Rs.)
Adjusted Earning per Share is the company’s net profit per share after adjusting for extra-ordinary/exceptional items
0.220.240.350.050.060.110.10.10.060.03
Y-o-Y Gr. Rt.-9.1%45.8%-85.7%20%83.3%-9.1%0%-40%-50%
Book Value per Share (Rs.)
The total value that a company will fetch upon liquidation (if it is closed down), after settling all obligations is called its Book Value. Book value of a company includes only tangible assets. Book value allocated to each outstanding share is called Book Value per share
10.0210.3410.7310.8210.8510.9711.0611.1711.2311.25
Y-o-Y Gr. Rt.-3.2%3.8%0.8%0.3%1.1%0.8%1%0.5%0.2%
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%): Colour Rating Guide
  • >12 : Very Good
  • 8-12 : Somewhat Good
  • <8: Not Good
Net Profit/Total Funds (%)1.451.371.840.280.330.50.490.540.290.14
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Zuari Forex Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Operating Income-23.9%-17.7%-52.3%-84.4%
Adjusted EPS
Adjusted Earnings per Share is the Company’s net profit per share after adjusting for extra-ordinary/exceptional items.
-19.9%-12.9%-33.1%-50%
Book Value per Share
1.3%0.7%0.6%0.2%
Share Price - - - -
Key Financial Ratios
RATIOS \ YEARSJun'01Jun'02Jun'03Jun'04Jun'05Jun'06Jun'07Jun'08Jun'09Jun'10
Margins
Net Profit Margin (%) 0.070.070.080.010.090.040.040.040.030.1
Performance Ratios
To view Performance Ratios Colour Rating Guide click here
Performance Ratios: Colour Rating Guide
  • >15 : Very Good
  • 12-15 : Somewhat Good
  • <12 : Not Good
Return on Equity (%) 2.312.43.320.480.581.040.90.940.520.24
Entity Percentage Holding
Promoters 42.01%
Institutions 3.25%
Non-Institutions 54.74%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

Data is not available for this company.

Data is not available for this company

Zuari Forex Limited (ZFOL), a Hede Business Group company, was incorporated in 1996 as a 100% subsidiary of Zuari Finance Ltd. with an objective of developing the foreign exchange business of the company due to certain restrictions imposed by Reserve Bank of India. The first location was started at Colaba, Mumbai and has since grown into a multi-branch company.

Hede Business Group (HBG). HBG is one of the leading business houses from Goa with business interest in Mining, Shipping,

Zuari Forex Limited (ZFOL), a Hede Business Group company, was incorporated in 1996 as a 100% subsidiary of Zuari Finance Ltd. with an objective of developing the foreign exchange business of the company due to certain restrictions imposed by Reserve Bank of India. The first location was started at Colaba, Mumbai and has since grown into a multi-branch company.

Hede Business Group (HBG). HBG is one of the leading business houses from Goa with business interest in Mining, Shipping, Properties & Resorts, Travel & Related Services, Financial & Forex Services

It was decided by the Board of Zuari Finance to merge Zuari Forex Ltd., with itself as it wanted to focus on the growth and development of its foreign exchange business that had been growing at a rapid pace. It was also felt that that the foreign exchange division would greatly benefit from the larger capital base that would be made available consequent to the merger of Zuari Forex Ltd. and Zuari Finance Ltd. The merged entity has been named Zuari Forex Ltd. consequent to completion of the merger, as the principal activity is foreign exchange, which would be carried on along with the other activities of the company.

Zuari Finance Limited (ZFL) was incorporated in the state of Goa on 10th of June, 1988 with the primary objective of rendering various financial services to the Industry and Trade.

The company has embarked on a plan to increase its presence by setting up a network of branches all over India. At present, it has five branches in Mumbai viz Colaba, Andheri, Bandra, Malad and Mahape and three in Goa at Candolim,Panjim and Tonca. All the branches are well equipped with latest infrastructural facilities.

The company has an ambitious plan to increase its branch network by opening new branche in Deccan, Pune and Bangalore to cater to the needs of corporates especially software companies and MNCs along with High Networth Individuals in such locations.

Business area of the company includes:

  • The company basically offers its services to incoming foreign tourists who require changing of exchange in foreign currency notes and Travellers Cheques into Indian currency. The company also sells foreign currency in form of currency notes, Travelers Cheques and Prepaid Cards to outgoing Indian nationals visiting other countries for leisure or business as per RBI guidelines.
  • The company believes in providing quality service to its customers and has therefore built up a highly experienced and reliable team so necessary for maintaining a high standard of service.
  • The company has been appointed as an Associate Agent for Western Union Money Transfer and Services. All its branches are well connected to the online system provided by Western Union and all remittances received from abroad are paid out instantly. The Company is a Merchant Establishment Member with IDBI Bank for providing cash advances to NRIs and foreign nationals against their International Credit Cards.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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