IMSL Integrated Master Securities Pvt Ltd

	BSE	NSE
Last Price()	3,091.00 Nov 24,2020 EOD	3,095.70 Nov 24,2020 EOD
Today's Change( )	13.90 (0.45%)	17.95 (0.58%)
Open( )	3,075.65	3,077.00
Prev Close( )	3,077.10	3,077.75
Volume	27,688.00	858,928.00
Today's Range( )	3,121.60 - 3,055.00	3,122.00 - 3,053.00
52-Week Range( )	3,315.00 - 1,793.10	3,315.15 - 1,788.65
Buy (Size)	N.A	N.A
Sell (Size)	N.A	3,095.70(×366)

Company Background


Incorporation Year	2007
Registered Office	Bajaj Auto Limited Complex,Mumbai - Pune Road Akurdi, Pune, Maharashtra-411035
Telephone	91-20-2747 2851
Fax	91-20-2740 7380
Chairman	Rahul Bajaj
Managing Director	Rajiv Bajaj
Company Secretary	J Sridhar
Auditor	SRBC & Co LLP
Face Value	10
Market Lot	1
Listing	BSE,MSEI ,NSEBSE,MSEI ,NSE
Registrar	KFin Techologies Pvt Ltd Karvy Selenium Tow-B,31&32 Financial Dist,Nanakramguda ,Hyderabad-500032

Board of Directors


Chairman	Rahul Bajaj
Vice Chairman	Madhur Bajaj
Managing Director & CEO	Rajiv Bajaj
Director	Sanjiv Bajaj Shekhar Bajaj
Independent Director	D J Balaji Rao
Director	Niraj Bajaj
Company Secretary	J Sridhar
Independent Director	Gita Piramal
Whole-time Director	Pradeep Shrivastava
Independent Director	Naushad Forbes Omkar Goswami Anami Roy
Executive Director	Rakesh Sharma
Independent Director	Lila Poonawalla Pradip Shah Abhinav Bindra

Balance Sheet

Particulars (Sources Of Funds)	Mar 2020 ( Cr)	Mar 2019 ( Cr)	Mar 2018 ( Cr)	Mar 2017 ( Cr)	Mar 2016 ( Cr)	Mar 2015 ( Cr)
Share Capital	289.37	289.37	289.37	289.37	289.37	289.37
Reserves Total	19636.12	21490.53	18814.49	16744.76	12977.18	10402.78
Equity Share Warrants	0.00	0.00	0.00	0.00	0.00	0.00
Equity Application Money	0.00	0.00	0.00	0.00	0.00	0.00
Total Shareholders Funds	19925.49	21779.90	19103.86	17034.13	13266.55	10692.15
Secured Loans	0.00	0.00	0.00	0.00	0.00	0.00
Unsecured Loans	125.59	124.52	120.77	119.90	117.86	112.35
Total Debt	125.59	124.52	120.77	119.90	117.86	112.35
Other Liabilities	122.63	59.63	160.15	134.66	118.30	140.03
Total Liabilities	20173.71	21964.05	19384.78	17288.69	13502.71	10944.53
APPLICATION OF FUNDS :
Gross Block	4157.32	4295.63	4518.80	4602.67	4434.89	4100.91
Less : Accumulated Depreciation	2458.30	2531.69	2640.47	2600.88	2409.22	2183.67
Less:Impairment of Assets	0.00	0.00	0.00	0.00	0.00	0.00
Net Block	1699.02	1763.94	1878.33	2001.79	2025.67	1917.24
Lease Adjustment	0.00	0.00	0.00	0.00	0.00	0.00
Capital Work in Progress	60.19	48.02	56.47	42.17	52.24	254.94
Producing Properties	0.00	0.00	0.00	0.00	0.00	0.00
Investments	18195.95	19159.36	17588.30	14731.47	10321.02	9153.32
Current Assets, Loans & Advances
Inventories	1063.50	961.51	742.58	728.38	719.07	814.15
Sundry Debtors	1725.10	2559.69	1491.87	953.29	717.93	716.96
Cash and Bank Balance	308.27	922.81	778.00	293.68	859.52	586.15
Loans and Advances	720.34	1042.17	457.77	1365.94	1108.79	1608.45
Total Current Assets	3817.21	5486.18	3470.22	3341.29	3405.31	3725.71
Less : Current Liabilities and Provisions
Current Liabilities	4079.50	4717.32	3969.95	3075.91	2633.67	2566.64
Provisions	173.71	156.36	141.34	136.67	147.32	1909.57
Total Current Liabilities & Provisions	4253.21	4873.68	4111.29	3212.58	2780.99	4476.21
Net Current Assets	-436.00	612.50	-641.07	128.71	624.32	-750.50
Miscellaneous Expenses not written off	0.00	0.00	0.00	0.00	0.00	0.00
Deferred Tax Assets	117.95	80.33	202.66	168.57	127.32	137.19
Deferred Tax Liability	464.33	622.99	526.08	482.19	330.12	278.77
Net Deferred Tax	-346.38	-542.66	-323.42	-313.62	-202.80	-141.58
Other Assets	1000.93	922.89	826.17	698.17	682.26	511.11
Total Assets	20173.71	21964.05	19384.78	17288.69	13502.71	10944.53
Contingent Liabilities	1627.16	1785.06	1719.70	1933.56	1867.58	1517.09

Profit and Loss

Particulars(INCOME)	Mar 2020 ( Cr)	Mar 2019 ( Cr)	Mar 2018 ( Cr)	Mar 2017 ( Cr)	Mar 2016 ( Cr)	Mar 2015 ( Cr)
Sales Turnover	29918.65	30357.57	25617.26	23088.03	23883.20	22521.29
Excise Duty	0.00	0.00	398.34	1321.35	1296.68	909.28
Net Sales	29918.65	30357.57	25218.92	21766.68	22586.52	21612.01
Other Income	1733.56	1780.85	1293.25	1221.97	1073.59	582.42
Stock Adjustments	63.01	56.42	-9.68	43.68	-63.45	57.56
Total Income	31715.22	32194.84	26502.49	23032.33	23596.66	22251.99
EXPENDITURE :
Raw Materials	21071.29	21854.10	17400.41	14667.83	14993.41	14907.36
Power & Fuel Cost	116.57	115.01	100.26	96.46	120.66	114.70
Employee Cost	1389.21	1255.40	1069.09	997.07	883.42	865.24
Other Manufacturing Expenses	698.83	633.97	550.15	547.54	644.19	655.73
Selling & Administrative Expenses	1024.86	943.90	855.71	702.00	745.53	698.61
Miscellaneous Expenses	614.64	449.23	452.26	399.38	370.94	711.72
Less : Pre-operative Expenses Capitalised	29.97	30.10	24.07	22.27	17.02	60.05
Total Expenditure	24885.43	25221.51	20403.81	17388.01	17741.13	17893.31
Operating Profit	6829.79	6973.33	6098.68	5644.32	5855.53	4358.68
Interest	3.16	4.48	1.31	1.40	1.05	6.49
Gross Profit	6826.63	6968.85	6097.37	5642.92	5854.48	4352.19
Depreciation	246.43	265.69	314.80	307.29	307.16	267.40
Profit Before Tax	6580.20	6703.16	5782.57	5335.63	5547.32	4084.79
Tax	1547.26	1818.59	1646.36	1457.66	1641.42	1258.00
Fringe Benefit tax	0.00	0.00	0.00	0.00	0.00	0.00
Deferred Tax	-67.04	209.39	68.11	50.41	-23.77	13.05
Reported Net Profit	5099.98	4675.18	4068.10	3827.56	3929.67	2813.74
Extraordinary Items	8.50	272.40	-20.52	-2.98	-4.81	-109.68
Adjusted Net Profit	5091.48	4402.78	4088.62	3830.54	3934.48	2923.42
Adjustment below Net Profit	-368.76	-341.05	-310.49	-42.49	10.49	-27.68
P & L Balance brought forward	16451.58	14321.65	12562.56	9305.17	9206.96	6150.45
Statutory Appropriations	0.00	0.00	0.00	0.00	0.00	0.00
Appropriations	6432.36	2204.20	1998.52	527.68	3841.95	2016.57
P & L Balance carried down	14750.44	16451.58	14321.65	12562.56	9305.17	6919.94
Dividend	3472.40	0.00	1736.20	1591.52	2893.68	1446.84
Preference Dividend	0.00	0.00	0.00	0.00	0.00	0.00
Equity Dividend %	1200.00	600.00	600.00	550.00	550.00	500.00
Dividend Per Share(Rs)	120.00	60.00	60.00	55.00	55.00	50.00
Earnings Per Share-Unit Curr	176.24	161.56	140.58	132.27	115.68	87.29
Earnings Per Share(Adj)-Unit Curr	176.24	161.56	140.58	132.27	115.68	87.29
Book Value-Unit Curr	688.58	752.67	660.19	588.66	458.46	369.50
Book Value(Adj)-Unit Curr	688.58	752.67	660.19	588.66	458.46	369.50

Quarterly Results

Quarters :

Particulars	Sep 2020 ( Cr)	Jun 2020 ( Cr)	Mar 2020 ( Cr)
Gross Sales	7041.48	2948.52	6610.90
Other Operating Income	114.38	130.72	204.95
Other Income	285.80	337.88	532.65
Total Income	7441.66	3417.12	7348.50
Total Expenditure	5889.63	2670.71	5563.09
PBIDT	1552.03	746.41	1785.41
Interest	2.65	0.95	0.91
PBDT	1549.38	745.46	1784.50
Depreciation	64.32	63.79	63.27
Tax	336.01	148.85	411.33
Fringe Benefit Tax	0.00	0.00	0.00
Deferred Tax	10.85	4.78	-0.39
Reported Profit After Tax	1138.20	528.04	1310.29
Extra-ordinary Items	0.00	0.00	0.00
Adjusted Profit After Extra-ordinary item	1138.20	528.04	1310.29
EPS (Unit Curr.)	39.30	18.30	45.30
EPS (Adj) (Unit Curr.)	39.30	18.30	45.30
Calculated EPS (Unit Curr.)	39.33	18.25	45.28
Calculated EPS (Adj) (Unit Curr.)	39.33	18.25	45.28
Calculated EPS (Ann.) (Unit Curr.)	157.33	72.99	181.12
Calculated EPS (Adj) (Ann.) (Unit Curr.)	157.33	72.99	181.12
Book Value (Unit Curr.)	0.00	0.00	0.00
Dividend (%)	0.00	0.00	1200.00
Equity	289.37	289.37	289.37
Reserve & Surplus	0.00	0.00	0.00
Face Value	10.00	10.00	10.00
Public Shareholding (No. Of Shares)	0.00	0.00	0.00
Public Shareholding (% in Equity)	0.00	0.00	0.00
Pledged/Encumbered - No. of Shares	0.00	0.00	0.00
Pledged/Encumbered - % in Total Promoters Holding	0.00	0.00	0.00
Pledged/Encumbered - % in Total Equity	0.00	0.00	0.00
Non Encumbered - No. of Shares	0.00	0.00	0.00
Non Encumbered - % in Total Promoters Holding	0.00	0.00	0.00
Non Encumbered - % in Total Equity	0.00	0.00	0.00
PBIDTM(%)	22.04	25.31	27.01
PBDTM(%)	22.00	25.28	26.99
PATM(%)	16.16	17.91	19.82

Financial Ratios

Particulars	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016
Debt-Equity Ratio	0.01	0.01	0.01	0.01	0.01
Long Term Debt-Equity Ratio	0.01	0.01	0.01	0.01	0.01
Current Ratio	0.93	0.91	0.86	1.03	0.94
Fixed Assets	7.08	6.89	5.62	5.11	5.60
Inventory	29.55	35.63	34.83	31.90	31.15
Debtors	13.97	14.99	20.95	27.63	33.29
Interest Cover Ratio	2083.34	1497.24	4415.18	3812.16	5284.16
PBIDTM (%)	22.83	22.97	23.81	24.45	24.52
PBITM (%)	22.00	22.10	22.58	23.12	23.23
PBDTM (%)	22.82	22.96	23.80	24.44	24.51
CPM (%)	17.87	16.28	17.11	17.91	17.74
APATM (%)	17.05	15.40	15.88	16.58	16.45
ROCE (%)	31.25	32.44	31.54	34.67	45.39
RONW (%)	24.46	22.87	22.51	25.26	32.80

Share Price

Year	High ()	Low ()	Close ()	P/E High	P/E Low	P/E Close	Mkt Cap.( In Cr.)
Oct 2020	3,130.60	2,855.00	2,886.45	18.41	15.71	16.40	83,524.34
Sep 2020	3,069.00	2,831.40	2,879.50	17.56	15.71	16.37	83,323.23
Aug 2020	3,158.75	2,911.00	2,971.35	18.52	16.51	16.89	85,981.07
Jul 2020	3,149.75	2,793.20	3,004.40	18.22	15.46	17.08	86,937.43
Jun 2020	2,978.05	2,580.15	2,825.60	17.90	13.59	16.06	81,763.55
May 2020	2,766.70	2,363.25	2,712.05	16.15	12.84	15.41	78,477.78
Apr 2020	2,653.75	1,959.00	2,627.75	15.23	10.73	14.93	76,038.42
Mar 2020	2,944.00	1,793.10	2,024.90	17.61	9.45	11.51	58,593.93
Feb 2020	3,315.00	2,851.00	2,890.45	21.96	18.48	19.00	83,640.09
Jan 2020	3,239.00	3,005.00	3,178.95	21.69	19.39	20.89	91,988.33
Share Prices Of 2019
Dec 2019	3,286.00	3,145.05	3,185.50	21.87	20.57	20.94	92,177.86
Nov 2019	3,287.65	3,119.25	3,176.05	21.89	20.01	20.87	91,904.41
Oct 2019	3,255.00	2,852.80	3,246.75	21.45	18.50	21.34	93,950.24
Sep 2019	3,026.30	2,690.15	2,941.90	20.09	17.52	19.34	85,128.88
Aug 2019	2,814.45	2,475.95	2,788.10	18.83	15.86	18.32	80,678.42
Jul 2019	2,925.00	2,400.00	2,517.50	19.48	15.21	16.55	72,848.15
Jun 2019	3,078.55	2,716.90	2,828.15	20.49	17.06	18.59	81,837.33
May 2019	3,145.55	2,903.00	2,925.25	21.38	18.86	19.23	84,647.09
Apr 2019	3,100.00	2,836.00	2,993.25	20.52	18.55	19.67	86,614.78
Mar 2019	3,045.25	2,820.00	2,915.05	20.29	17.98	19.16	84,351.93

	303-304, New Delhi House, 27, Barakhamba Road, New Delhi-110001.
	011-43074307-30 \| Fax: 011-43074315
Compliance Officers: Vishesh Kumar for Integrated Master Securities Pvt Ltd. Bharti Rana for Integrated Commodity Trades Pvt Ltd.
	011-43074317
	compliance@integratedmaster.com