NARAYANA HRUDAYALAYA’S IPO
Narayan Hrudayalaya has entered the capital market with its IPO on 17th December, 2015 offering shares at a price band of Rs.245 to Rs.250 per share. The IPO would be offer for sale that means the shares offered under IPO would be offered by existing shareholders and no new shares will be floated in the market. Axis Capital Ltd, IDFC Securities and Jefferies lead managed the share sale.
Through the IPO, Narayan Hrudayalaya offered 245 lakh shares for sale by promoters and other shareholders to public. Among the promoters group, Dr. Devi Prasad Shetty and Shakuntala Shetty offered 20.40 lakhs shares each. The biggest block of 122.6 lakh shares was offered by JP Morgan, after which its holding will reduce to 4.67% from
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Narayan Hrudayalaya profit after tax was also fluctuating, in the financial years 2012 and 2014, the PAT grew at a rate of 66.55% and 95.23% respectively, but in the years 2013 and 2015, the company showed a negative growth rate in PAT by 36.33% and 19.77% respectively.
The current ratio has been showing a declining trend over the years from 2011 to 2014, however in the year 2015, it has increased slightly.
Quick ratio on the other hand is has been showing a fluctuating trend, this indicates that liquidity position is not that satisfactory.
Net profit ratio has also been showing a fluctuating trend, it was very high in the year 2012 and is low in the year
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The raw returns for different time gaps considered is calculated by taking closing prices of the given stock after the specified time gap (i.e., listing day, one month, three months and five months) from the offer price. This return on IPO has been computed as the difference between the closing price on the specified date and the offer price, divided by the offer price. The scrip has given positive returns to its investors since its listing day, the returns are showing a declining trend and this can be attributed to the fact that the market itself was falling down during that period. When the return estimated using the above equation has been adjusted using the returns on the CNX S&P Nifty Index for the corresponding period, it can be seen that the scrip has performed much better than the market since the market adjusted returns have increased compared to the raw returns. This shows that the scrip as such has been performing well in the
Suppliers are mostly concerned with a company 's ability to pay on their liabilities. Therefore, the current ratio and the quick ratio are both looked at by suppliers. The current ratio takes a company’s current assets and divides that by the company’s current liabilities. This number is
Sales growth after 2000 were only 9%, which the average annual sale growth rates range from 10% to 30% in their industry. The lack of cash is explained by the current liquidity ratio
Current Ratio. The current ratio can indicate a company’s liquidity and is considered one of the most valuable ratios in analyzing
Return on sales is decreasing and is below the industry average, but the goods news is that sales and profits have been increasing each year. However, costs of goods are increasing and more inventory is left over each year causing the return on sales to decrease. For 1995, it was 1.7% which is less than the average of 2.44% but is a lot higher than the bottom 25% of companies as seen in exhibit 3, which actually have negative sales return of 0.7%. Return on equity is increasing each year and at a higher rate than industry average. In 1995, it was 20.7%, greater than the average of 18.25% and close to the highest companies in exhibit 3, of 22.1% showing that the return in investment in the company is increasing, which is good for the owner.
Current Ratio – For the last three years was growing from 3.56 in 2001 to 3.81 in 2002 to 4.22 in 2003. The reason of grow is increased in Assets. Even though Liability was growing, Asset grow was more significant.
To collect relevant data, the annual percentage change in net income per common share diluted, net income/net revenues, the major income statement accounts to net revenues, return on stockholders’ equity, the price/earnings (P/E) ratio, and the book values per share for each year numbers were examined. In order for Sun Microsystems to see a greater return in its bottom line assets, it must consider an alternative approach in operating its organization.
Overall, Horizontal analysis and financial ratios are essential factors that businesses use to monitor its liquidity. Therefore, in order to improve Apple’s ratios and profitability, the company needs to implement a strategy to increase the company’s liquidity. Business owners or managers should monitor current ratio and acid test ratio as these ratios help us to ensure the company has the proper liquid assets to pay current liabilities, to stay in operations and to expand the company. As we noted in our acid test ratio and current ratio for the company, we show a lower ratio for acid test ratio than the current ratio, which means that the company’s current assets rely on inventory. Therefore, the company needs to convert old inventory into
This bar graph is showing that the trend is sporadic from year to year. This ratio shows the company’s total sales that are available for financing and supporting the company’s ongoing operations. Large ratios are needed to show that the company is in a better place to develop than its rivals. Kraft Food Group has room to grow in this
The first analysis will be on Verizon. The current ratio and the debt to equity ratio both improved in 2006 when compared to 2005. However, the net profit margin dropped from 9.8% to 7.0%. What does this tell us as investors...
The current ratio declined from 2011 to 2012 but then improved from 2012 to 2013. The quick ratio declined from 2011 to 2012, but also improved from 2012 to 2013. The cash ratio improved from 2011 to 2012 and also from 2012 to 2013 (Walt Disney Co. (DIS) | Liquidity).
The basic earnings per ordinary share in 2016 is RM19.14 and RM14.30 in 2015. This shows that the ordinary share had been increased RM4.84 compare to 2016 based on 2015. In the other hand, this company had declared a first interim single-tier dividend of 10 sen per ordinary share amounting to RM22.88 million in respect of the financial year ended 31 December 2016. They sold their ordinary shares of RM400,000,000 units of RM0.50 per each in 2016 and RM200,000,000 units of RM0.50 per each in 2015 to their shareholders. It is increased from 2015 to 2016 with 200,000,000 units. The other investments that available for sale is RM1000 same as in 2015 and 2016.
His first major successful trade was in Sesa Goa (now Sesa Sterlite). Rakesh Jhunjhunwala bought 400,000 shares of Sesa Goa in forward trading, worth Rs 10 million. The stock was available at a cheap price of Rs. 25-26 as there was a depression in the iron ore industry. Rakesh Jhunjhunwala was convinced that there was a possibility of a very good growth and profitability for the company in the next year. This idea work and the stock came back to good fortunes in a short span. Rakesh Jhunjhunwla sold about 2-250,000 shares at Rs 60-65 and another 100,000 shares at Rs 150-175. The prices finally rose to Rs 2200 where he sold some more
The Hong Kong government therefore adopted partial privatization in which the government would still be the biggest shareholder of MTRC. By going partial privatization, it would boost the confidence of the stakeholders because the government would be taking care of issues such as fares and service quality. Moreover, the Hong Kong government chose to privatize MTRC through an Initial Public Offering (IPO). The government believed that partial privatization would;
The essentials of IPOing in Japan are the same as they in the U.S. A company must select an underwriter to take charge of their IPO, that underwriter will then oversee the pricing, quantity, and actual sale of the stock. Once the sale is complete the proceeds will be transferred to the issuer. Stock listed on Japanese exchanges are divided into sections. The first two sections make up what are called the “Main Markets”, this is where the leading large and second tier Japanese and foreign companies are listed. The first of the two sections is especially view as top market for its size, liquidity, and the volume of foreign investors (Japan Exchange Group), while the second is for medium sized companies. The third section is called the Market of The High-growth and Emerging Stocks or (MOTHERS), a trading market for companies with high growth potential. What
The gross profit margin is at 27% which is a percent higher than industry standards. The company is performing good and meeting industry standards in terms of cost of goods sold and sales volume. The net income margin decreased to 0.7% in 2003 a decrease of 0.3% compared to 2002.