IMSL Integrated Master Securities Pvt Ltd

	BSE	NSE
Last Price()	4,710.80 Jun 05,2023 EOD	4,710.05 Jun 05,2023 EOD
Today's Change( )	44.10 (0.94%)	40.95 (0.88%)
Open( )	4,666.75	4,688.00
Prev Close( )	4,666.70	4,669.10
Volume	6,625.00	234,925.00
Today's Range( )	4,717.00 - 4,666.75	4,716.95 - 4,669.00
52-Week Range( )	4,717.00 - 3,462.05	4,716.95 - 3,461.25
Buy (Size)	N.A	N.A
Sell (Size)	N.A	4,710.05(×10)

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	Niraj Bajaj
Company Secretary	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 2022 ( Cr)	Mar 2021 ( Cr)	Mar 2020 ( Cr)	Mar 2019 ( Cr)	Mar 2018 ( Cr)	Mar 2017 ( Cr)
Share Capital	289.37	289.37	289.37	289.37	289.37	289.37
Reserves Total	26379.43	24912.89	19636.12	21490.53	18814.49	16744.76
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	26668.80	25202.26	19925.49	21779.90	19103.86	17034.13
Secured Loans	0.00	0.00	0.00	0.00	0.00	0.00
Unsecured Loans	122.77	121.46	125.59	124.52	120.77	119.90
Total Debt	122.77	121.46	125.59	124.52	120.77	119.90
Other Liabilities	37.60	41.13	122.63	59.63	160.15	134.66
Total Liabilities	26829.17	25364.85	20173.71	21964.05	19384.78	17288.69
APPLICATION OF FUNDS :
Gross Block	4631.22	4344.30	4157.32	4295.63	4518.80	4602.67
Less : Accumulated Depreciation	2797.20	2679.37	2458.30	2531.69	2640.47	2600.88
Less:Impairment of Assets	0.00	0.00	0.00	0.00	0.00	0.00
Net Block	1834.02	1664.93	1699.02	1763.94	1878.33	2001.79
Lease Adjustment	0.00	0.00	0.00	0.00	0.00	0.00
Capital Work in Progress	76.82	15.98	60.19	48.02	56.47	42.17
Producing Properties	0.00	0.00	0.00	0.00	0.00	0.00
Investments	23818.76	22630.95	18195.95	19159.36	17588.30	14731.47
Current Assets, Loans & Advances
Inventories	1230.51	1493.89	1063.50	961.51	742.58	728.38
Sundry Debtors	1516.38	2716.85	1725.10	2559.69	1491.87	953.29
Cash and Bank Balance	588.34	527.36	308.27	922.81	778.00	293.68
Loans and Advances	1690.11	1408.92	720.34	1042.17	457.77	1365.94
Total Current Assets	5025.34	6147.02	3817.21	5486.18	3470.22	3341.29
Less : Current Liabilities and Provisions
Current Liabilities	4511.54	5466.69	4079.50	4717.32	3969.95	3075.91
Provisions	177.90	176.52	173.71	156.36	141.34	136.67
Total Current Liabilities & Provisions	4689.44	5643.21	4253.21	4873.68	4111.29	3212.58
Net Current Assets	335.90	503.81	-436.00	612.50	-641.07	128.71
Miscellaneous Expenses not written off	0.00	0.00	0.00	0.00	0.00	0.00
Deferred Tax Assets	56.02	55.88	117.95	80.33	202.66	168.57
Deferred Tax Liability	459.35	578.02	464.33	622.99	526.08	482.19
Net Deferred Tax	-403.33	-522.14	-346.38	-542.66	-323.42	-313.62
Other Assets	1167.00	1071.32	1000.93	922.89	826.17	698.17
Total Assets	26829.17	25364.85	20173.71	21964.05	19384.78	17288.69
Contingent Liabilities	1583.38	1564.28	1627.16	1785.06	1719.70	1933.56

Profit and Loss

Particulars(INCOME)	Mar 2022 ( Cr)	Mar 2021 ( Cr)	Mar 2020 ( Cr)	Mar 2019 ( Cr)	Mar 2018 ( Cr)	Mar 2017 ( Cr)
Sales Turnover	33144.71	27741.08	29918.65	30357.57	25617.26	23088.03
Excise Duty	0.00	0.00	0.00	0.00	398.34	1321.35
Net Sales	33144.71	27741.08	29918.65	30357.57	25218.92	21766.68
Other Income	1524.52	1276.46	1733.56	1780.85	1293.25	1221.97
Stock Adjustments	-187.96	219.48	63.01	56.42	-9.68	43.68
Total Income	34481.27	29237.02	31715.22	32194.84	26502.49	23032.33
EXPENDITURE :
Raw Materials	24141.86	19829.13	21071.29	21854.10	17400.41	14667.83
Power & Fuel Cost	108.01	91.34	116.57	115.01	100.26	96.46
Employee Cost	1358.80	1285.96	1389.21	1255.40	1069.09	997.07
Other Manufacturing Expenses	836.28	597.11	698.83	633.97	550.15	547.54
Selling & Administrative Expenses	645.87	661.34	1024.86	943.90	855.71	702.00
Miscellaneous Expenses	620.60	579.47	614.64	449.23	452.26	399.38
Less : Pre-operative Expenses Capitalised	13.31	12.27	29.97	30.10	24.07	22.27
Total Expenditure	27698.11	23032.08	24885.43	25221.51	20403.81	17388.01
Operating Profit	6783.16	6204.94	6829.79	6973.33	6098.68	5644.32
Interest	8.66	6.66	3.16	4.48	1.31	1.40
Gross Profit	6774.50	6198.28	6826.63	6968.85	6097.37	5642.92
Depreciation	269.17	259.28	246.43	265.69	314.80	307.29
Profit Before Tax	6505.33	5939.00	6580.20	6703.16	5782.57	5335.63
Tax	1667.11	1348.10	1547.26	1818.59	1646.36	1457.66
Fringe Benefit tax	0.00	0.00	0.00	0.00	0.00	0.00
Deferred Tax	-180.65	36.31	-67.04	209.39	68.11	50.41
Reported Net Profit	5018.87	4554.59	5099.98	4675.18	4068.10	3827.56
Extraordinary Items	270.50	3.51	8.50	272.40	-20.52	-2.98
Adjusted Net Profit	4748.37	4551.08	5091.48	4402.78	4088.62	3830.54
Adjustment below Net Profit	13.42	12.22	-368.76	-341.05	-310.49	-42.49
P & L Balance brought forward	18861.25	14750.44	16451.58	14321.65	12562.56	9305.17
Statutory Appropriations	0.00	0.00	0.00	0.00	0.00	0.00
Appropriations	4553.14	456.00	6432.36	2204.20	1998.52	527.68
P & L Balance carried down	19340.40	18861.25	14750.44	16451.58	14321.65	12562.56
Dividend	0.00	0.00	3472.40	0.00	1736.20	1591.52
Preference Dividend	0.00	0.00	0.00	0.00	0.00	0.00
Equity Dividend %	1400.00	1400.00	1200.00	600.00	600.00	550.00
Dividend Per Share(Rs)	140.00	140.00	120.00	60.00	60.00	55.00
Earnings Per Share-Unit Curr	173.44	157.40	176.24	161.56	140.58	132.27
Earnings Per Share(Adj)-Unit Curr	173.44	157.40	176.24	161.56	140.58	132.27
Book Value-Unit Curr	921.62	870.94	688.58	752.67	660.19	588.66
Book Value(Adj)-Unit Curr	921.62	870.94	688.58	752.67	660.19	588.66

Quarterly Results

Quarters :

Particulars	Mar 2023 ( Cr)	Dec 2022 ( Cr)	Sep 2022 ( Cr)
Gross Sales	8631.55	9047.65	9911.06
Other Operating Income	273.17	267.49	291.71
Other Income	259.83	269.12	333.15
Total Income	9164.55	9584.26	10535.92
Total Expenditure	7188.15	7538.33	8444.03
PBIDT	1976.40	2045.93	2091.89
Interest	15.74	8.48	10.92
PBDT	1960.66	2037.45	2080.97
Depreciation	74.16	73.95	67.00
Tax	441.16	454.15	498.05
Fringe Benefit Tax	0.00	0.00	0.00
Deferred Tax	12.46	17.93	-14.08
Reported Profit After Tax	1432.88	1491.42	1530.00
Extra-ordinary Items	0.00	0.00	0.00
Adjusted Profit After Extra-ordinary item	1432.88	1491.42	1530.00
EPS (Unit Curr.)	50.70	52.70	53.50
EPS (Adj) (Unit Curr.)	50.70	52.70	53.50
Calculated EPS (Unit Curr.)	50.64	52.71	53.94
Calculated EPS (Adj) (Unit Curr.)	50.64	52.71	53.94
Calculated EPS (Ann.) (Unit Curr.)	202.56	210.83	215.76
Calculated EPS (Adj) (Ann.) (Unit Curr.)	202.56	210.83	215.76
Book Value (Unit Curr.)	0.00	0.00	0.00
Dividend (%)	0.00	0.00	0.00
Equity	282.96	282.96	283.65
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(%)	22.90	22.61	21.11
PBDTM(%)	22.72	22.52	21.00
PATM(%)	16.60	16.48	15.44

Financial Ratios

Particulars	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018
Debt-Equity Ratio	0.00	0.01	0.01	0.01	0.01
Long Term Debt-Equity Ratio	0.00	0.01	0.01	0.01	0.01
Current Ratio	0.99	0.93	0.93	0.91	0.86
Fixed Assets	7.39	6.53	7.08	6.89	5.62
Inventory	24.33	21.69	29.55	35.63	34.83
Debtors	15.66	12.49	13.97	14.99	20.95
Interest Cover Ratio	752.19	892.74	2083.34	1497.24	4415.18
PBIDTM (%)	20.47	22.37	22.83	22.97	23.81
PBITM (%)	19.65	21.43	22.00	22.10	22.58
PBDTM (%)	20.44	22.34	22.82	22.96	23.80
CPM (%)	15.95	17.35	17.87	16.28	17.11
APATM (%)	15.14	16.42	17.05	15.40	15.88
ROCE (%)	24.96	26.11	31.25	32.44	31.54
RONW (%)	19.35	20.19	24.46	22.87	22.51

Share Price

Year	High ()	Low ()	Close ()	P/E High	P/E Low	P/E Close	Mkt Cap.( In Cr.)
May 2023	4,663.90	4,427.30	4,563.45	28.11	26.19	27.19	129,126.18
Apr 2023	4,439.40	3,890.30	4,429.45	26.51	22.58	26.40	125,334.55
Mar 2023	3,945.00	3,640.95	3,883.85	23.64	21.22	23.14	109,896.39
Feb 2023	3,934.40	3,625.05	3,660.90	23.65	21.51	21.82	103,587.86
Jan 2023	3,993.05	3,522.00	3,818.80	24.13	20.70	22.76	108,055.76
Share Prices Of 2022
Dec 2022	3,749.95	3,524.25	3,615.90	22.60	20.83	21.55	102,314.55
Nov 2022	3,817.55	3,585.00	3,750.30	23.04	21.16	22.35	106,117.50
Oct 2022	3,725.05	3,475.00	3,669.25	22.63	20.93	21.87	103,824.13
Sep 2022	4,130.15	3,462.05	3,527.10	25.51	20.71	21.49	102,062.64
Aug 2022	4,128.70	3,915.00	4,085.10	25.43	23.50	24.89	118,209.32
Jul 2022	4,091.90	3,601.20	3,913.40	25.16	21.81	23.85	113,240.89
Jun 2022	4,000.00	3,577.00	3,705.65	26.46	21.56	22.58	107,229.29
May 2022	3,956.10	3,461.30	3,862.95	24.69	20.87	23.54	111,781.03
Apr 2022	3,992.05	3,580.00	3,727.05	25.33	21.15	22.71	107,848.54
Mar 2022	3,736.20	3,125.80	3,652.50	23.06	18.43	22.26	105,691.30
Feb 2022	3,660.00	3,422.15	3,530.85	23.68	21.36	22.45	102,171.15
Jan 2022	3,585.00	3,251.25	3,554.75	22.99	20.52	22.60	102,862.74
Share Prices Of 2021
Dec 2021	3,372.70	3,028.35	3,250.80	21.87	18.81	20.67	94,067.43
Nov 2021	3,843.50	3,223.00	3,243.15	24.75	20.37	20.62	93,846.07
Oct 2021	4,047.05	3,664.35	3,710.20	26.22	23.01	23.59	107,360.95

	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