IMSL Integrated Master Securities Pvt Ltd

	BSE	NSE
Last Price()	6,002.60 Nov 28,2023 EOD	5,998.15 Nov 28,2023 EOD
Today's Change( )	72.80 (1.23%)	67.85 (1.14%)
Open( )	5,988.95	5,969.80
Prev Close( )	5,929.80	5,930.30
Volume	4,221.00	380,535.00
Today's Range( )	6,030.90 - 5,915.90	6,039.65 - 5,912.00
52-Week Range( )	6,030.90 - 3,522.00	6,039.65 - 3,520.05
Buy (Size)	N.A	5,998.15(×1055)
Sell (Size)	N.A	N.A

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	Niraj Bajaj
Managing Director	Rajiv Bajaj
Company Secretary	J Sridhar
Auditor	S R B C & Co LLP
Face Value	10
Market Lot	1
Listing	BSE,MSEI ,NSEBSE,MSEI ,NSE
Registrar	KFin Techologies Ltd Karvy Selenium Tow-B,31&32 Financial Dist,Nanakramguda ,Hyderabad-500032

Board of Directors


Vice Chairman	Madhur Bajaj
Managing Director & CEO	Rajiv Bajaj
Director	Sanjiv Bajaj
Independent Director	D J Balaji Rao
Chairman (Non-Executive)	Niraj Bajaj
Company Sec. & Compli. Officer	J Sridhar
Executive Director	Pradeep Shrivastava
Independent Director	Naushad Forbes Anami Roy
Executive Director	Rakesh Sharma
Independent Director	Lila Poonawalla Pradip Shah Abhinav Bindra

Balance Sheet

Particulars (Sources Of Funds)	Mar 2023 ( Cr)	Mar 2022 ( Cr)	Mar 2021 ( Cr)	Mar 2020 ( Cr)	Mar 2019 ( Cr)	Mar 2018 ( Cr)
Share Capital	282.96	289.37	289.37	289.37	289.37	289.37
Reserves Total	25142.90	26379.43	24912.89	19636.12	21490.53	18814.49
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	25425.86	26668.80	25202.26	19925.49	21779.90	19103.86
Secured Loans	0.00	0.00	0.00	0.00	0.00	0.00
Unsecured Loans	124.23	122.77	121.46	125.59	124.52	120.77
Total Debt	124.23	122.77	121.46	125.59	124.52	120.77
Other Liabilities	34.41	37.60	41.13	122.63	59.63	160.15
Total Liabilities	25584.50	26829.17	25364.85	20173.71	21964.05	19384.78
APPLICATION OF FUNDS :
Gross Block	5504.46	4631.22	4344.30	4157.32	4295.63	4518.80
Less : Accumulated Depreciation	2788.46	2797.20	2679.37	2458.30	2531.69	2640.47
Less:Impairment of Assets	0.00	0.00	0.00	0.00	0.00	0.00
Net Block	2716.00	1834.02	1664.93	1699.02	1763.94	1878.33
Lease Adjustment	0.00	0.00	0.00	0.00	0.00	0.00
Capital Work in Progress	81.92	76.82	15.98	60.19	48.02	56.47
Producing Properties	0.00	0.00	0.00	0.00	0.00	0.00
Investments	22923.33	23818.76	22630.95	18195.95	19159.36	17588.30
Current Assets, Loans & Advances
Inventories	1397.90	1230.51	1493.89	1063.50	961.51	742.58
Sundry Debtors	1776.12	1516.38	2716.85	1725.10	2559.69	1491.87
Cash and Bank Balance	285.75	588.34	527.36	308.27	922.81	778.00
Loans and Advances	991.27	1690.11	1408.92	720.34	1042.17	457.77
Total Current Assets	4451.04	5025.34	6147.02	3817.21	5486.18	3470.22
Less : Current Liabilities and Provisions
Current Liabilities	5008.35	4511.54	5466.69	4079.50	4717.32	3969.95
Provisions	189.69	177.90	176.52	173.71	156.36	141.34
Total Current Liabilities & Provisions	5198.04	4689.44	5643.21	4253.21	4873.68	4111.29
Net Current Assets	-747.00	335.90	503.81	-436.00	612.50	-641.07
Miscellaneous Expenses not written off	0.00	0.00	0.00	0.00	0.00	0.00
Deferred Tax Assets	64.06	56.02	55.88	117.95	80.33	202.66
Deferred Tax Liability	409.21	459.35	578.02	464.33	622.99	526.08
Net Deferred Tax	-345.15	-403.33	-522.14	-346.38	-542.66	-323.42
Other Assets	955.40	1167.00	1071.32	1000.93	922.89	826.17
Total Assets	25584.50	26829.17	25364.85	20173.71	21964.05	19384.78
Contingent Liabilities	1615.25	1583.38	1564.28	1627.16	1785.06	1719.70

Profit and Loss

Particulars(INCOME)	Mar 2023 ( Cr)	Mar 2022 ( Cr)	Mar 2021 ( Cr)	Mar 2020 ( Cr)	Mar 2019 ( Cr)	Mar 2018 ( Cr)
Sales Turnover	36427.60	33144.71	27741.08	29918.65	30357.57	25617.26
Excise Duty	0.00	0.00	0.00	0.00	0.00	398.34
Net Sales	36427.60	33144.71	27741.08	29918.65	30357.57	25218.92
Other Income	1181.42	1524.52	1276.46	1733.56	1780.85	1293.25
Stock Adjustments	98.11	-187.96	219.48	63.01	56.42	-9.68
Total Income	37707.13	34481.27	29237.02	31715.22	32194.84	26502.49
EXPENDITURE :
Raw Materials	26152.86	24141.86	19829.13	21071.29	21854.10	17400.41
Power & Fuel Cost	122.51	108.01	91.34	116.57	115.01	100.26
Employee Cost	1444.90	1358.80	1285.96	1389.21	1255.40	1069.09
Other Manufacturing Expenses	735.70	836.28	597.11	698.83	633.97	550.15
Selling & Administrative Expenses	839.04	645.87	661.34	1024.86	943.90	855.71
Miscellaneous Expenses	709.38	620.60	579.47	614.64	449.23	452.26
Less : Pre-operative Expenses Capitalised	27.82	13.31	12.27	29.97	30.10	24.07
Total Expenditure	29976.57	27698.11	23032.08	24885.43	25221.51	20403.81
Operating Profit	7730.56	6783.16	6204.94	6829.79	6973.33	6098.68
Interest	39.48	8.66	6.66	3.16	4.48	1.31
Gross Profit	7691.08	6774.50	6198.28	6826.63	6968.85	6097.37
Depreciation	282.44	269.17	259.28	246.43	265.69	314.80
Profit Before Tax	7408.64	6505.33	5939.00	6580.20	6703.16	5782.57
Tax	1854.82	1667.11	1348.10	1547.26	1818.59	1646.36
Fringe Benefit tax	0.00	0.00	0.00	0.00	0.00	0.00
Deferred Tax	-73.78	-180.65	36.31	-67.04	209.39	68.11
Reported Net Profit	5627.60	5018.87	4554.59	5099.98	4675.18	4068.10
Extraordinary Items	73.05	243.94	3.51	8.50	272.40	-20.52
Adjusted Net Profit	5554.55	4774.93	4551.08	5091.48	4402.78	4088.62
Adjustment below Net Profit	-3089.05	13.42	12.22	-368.76	-341.05	-310.49
P & L Balance brought forward	19340.40	18861.25	14750.44	16451.58	14321.65	12562.56
Statutory Appropriations	0.00	0.00	0.00	0.00	0.00	0.00
Appropriations	4057.55	4553.14	456.00	6432.36	2204.20	1998.52
P & L Balance carried down	17821.40	19340.40	18861.25	14750.44	16451.58	14321.65
Dividend	0.00	0.00	0.00	3472.40	0.00	1736.20
Preference Dividend	0.00	0.00	0.00	0.00	0.00	0.00
Equity Dividend %	1400.00	1400.00	1400.00	1200.00	600.00	600.00
Dividend Per Share(Rs)	140.00	140.00	140.00	120.00	60.00	60.00
Earnings Per Share-Unit Curr	198.88	173.44	157.40	176.24	161.56	140.58
Earnings Per Share(Adj)-Unit Curr	198.88	173.44	157.40	176.24	161.56	140.58
Book Value-Unit Curr	898.57	921.62	870.94	688.58	752.67	660.19
Book Value(Adj)-Unit Curr	898.57	921.62	870.94	688.58	752.67	660.19

Quarterly Results

Quarters :

Particulars	Sep 2023 ( Cr)	Jun 2023 ( Cr)	Mar 2023 ( Cr)
Gross Sales	10519.02	10048.59	8631.55
Other Operating Income	258.25	261.18	273.17
Other Income	361.35	346.33	259.83
Total Income	11138.62	10656.10	9164.55
Total Expenditure	8644.42	8355.84	7188.15
PBIDT	2494.20	2300.26	1976.40
Interest	6.53	12.09	15.74
PBDT	2487.67	2288.17	1960.66
Depreciation	87.63	83.53	74.16
Tax	553.64	542.16	441.16
Fringe Benefit Tax	0.00	0.00	0.00
Deferred Tax	10.26	-2.29	12.46
Reported Profit After Tax	1836.14	1664.77	1432.88
Extra-ordinary Items	0.00	0.00	0.00
Adjusted Profit After Extra-ordinary item	1836.14	1664.77	1432.88
EPS (Unit Curr.)	64.90	58.90	50.70
EPS (Adj) (Unit Curr.)	64.90	58.90	50.70
Calculated EPS (Unit Curr.)	64.89	58.83	50.64
Calculated EPS (Adj) (Unit Curr.)	64.89	58.83	50.64
Calculated EPS (Ann.) (Unit Curr.)	259.56	235.34	202.56
Calculated EPS (Adj) (Ann.) (Unit Curr.)	259.56	235.34	202.56
Book Value (Unit Curr.)	0.00	0.00	0.00
Dividend (%)	0.00	0.00	0.00
Equity	282.96	282.96	282.96
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(%)	23.71	22.89	22.90
PBDTM(%)	23.65	22.77	22.72
PATM(%)	17.46	16.57	16.60

Financial Ratios

Particulars	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019
Debt-Equity Ratio	0.00	0.00	0.01	0.01	0.01
Long Term Debt-Equity Ratio	0.00	0.00	0.01	0.01	0.01
Current Ratio	0.89	0.99	0.93	0.93	0.91
Fixed Assets	7.19	7.39	6.53	7.08	6.89
Inventory	27.72	24.33	21.69	29.55	35.63
Debtors	22.13	15.66	12.49	13.97	14.99
Interest Cover Ratio	188.66	752.19	892.74	2083.34	1497.24
PBIDTM (%)	21.22	20.47	22.37	22.83	22.97
PBITM (%)	20.45	19.65	21.43	22.00	22.10
PBDTM (%)	21.11	20.44	22.34	22.82	22.96
CPM (%)	16.22	15.95	17.35	17.87	16.28
APATM (%)	15.45	15.14	16.42	17.05	15.40
ROCE (%)	28.42	24.96	26.11	31.25	32.44
RONW (%)	21.61	19.35	20.19	24.46	22.87

Share Price

Year	High ()	Low ()	Close ()	P/E High	P/E Low	P/E Close	Mkt Cap.( In Cr.)
Oct 2023	5,514.65	4,902.80	5,314.35	28.23	24.93	27.07	150,373.44
Sep 2023	5,272.20	4,613.30	5,062.45	27.35	23.25	25.79	143,245.75
Aug 2023	4,978.00	4,544.00	4,613.05	25.65	22.79	23.50	130,529.64
Jul 2023	4,988.55	4,582.05	4,931.55	26.05	23.14	25.12	139,541.84
Jun 2023	4,828.80	4,526.35	4,692.20	24.74	22.49	23.90	132,769.25
May 2023	4,663.90	4,427.30	4,563.45	24.03	22.39	23.25	129,126.18
Apr 2023	4,439.40	3,890.30	4,429.45	22.67	19.30	22.56	125,334.55
Mar 2023	3,945.00	3,640.95	3,883.85	20.21	18.14	19.78	109,896.39
Feb 2023	3,934.40	3,625.05	3,660.90	23.52	21.39	21.69	103,587.86
Jan 2023	3,993.05	3,522.00	3,818.80	24.00	20.58	22.63	108,055.76
Share Prices Of 2022
Dec 2022	3,749.95	3,524.25	3,615.90	22.48	20.71	21.43	102,314.55
Nov 2022	3,817.55	3,585.00	3,750.30	22.91	21.04	22.22	106,117.50
Oct 2022	3,725.05	3,475.00	3,669.25	22.51	20.82	21.74	103,824.13
Sep 2022	4,130.15	3,462.05	3,527.10	25.37	20.59	21.37	102,062.64
Aug 2022	4,128.70	3,915.00	4,085.10	25.29	23.36	24.76	118,209.32
Jul 2022	4,091.90	3,601.20	3,913.40	25.02	21.69	23.72	113,240.89
Jun 2022	4,000.00	3,577.00	3,705.65	26.32	21.44	22.46	107,229.29
May 2022	3,956.10	3,461.30	3,862.95	24.55	20.76	23.41	111,781.03
Apr 2022	3,992.05	3,580.00	3,727.05	25.19	21.03	22.59	107,848.54
Mar 2022	3,736.20	3,125.80	3,652.50	22.93	18.33	22.13	105,691.30

	303-304, New Delhi House, 27, Barakhamba Road, New Delhi-110001.
	011-43074307-30 \| Fax: 011-43074315
Compliance Officers: Ms. Pinki Sharma for Integrated Master Securities Pvt Ltd.
	011-43074317
	compliance@integratedmaster.com
	ceo@integratedmaster.com