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Formerly known as Matsushita Television & Audio India, Panasonic AVC Networks India was incorporated Mar. 19, 1996 and manufactures audio and video systems such as television, audio systems, plasma TV and home theatre. The company`s television sets are marketed under the brand name National. The production facility of the company is at Noida, Uttar Pradesh. Panasonic is owned by Matsushita Electric Industrial (MEI) Company, a Japanese conglomerate, owner of brands named Panasonic and National. The Panasonic brand is associated with the audio and video range while National is known for consumer durable items like refrigerators, rice-cookers etc. Matsushita entered the Indian market in Dec. 1996, by acquiring the colour television manufacturing facility of Salora International. The company is currently focusing on 14", 20" and 21" round tube models for export business and 21" flat TV for the domestic market. During the financial year 2005-06, Panasonic launched nine new models in the flat TV category including PIP model. The company exports its products mostly to the Middle East.
Financials
The company reported a 46.48% growth in net profits to Rs 13.11 million for the quarter ended Sep. 2006 as against Rs 8.95 million during the corresponding quarter in the previous year. Sales for this period had decreased 3.08% to Rs 332.89 million from Rs 343.47 million. Panasonic, for the year ended Mar. 2006, had reported a 24.63% increase in sales at Rs 1264.2 million as against Rs 1,014.4 million for year ended Mar. 2005. Net profit for this period had also increased to Rs 28.56 million from Rs 10.17 million. The EPS for FY06 stood at Rs 0.57.
Future Plans
The company`s focus is going to be on the development of new products/models, through consistent R & D in collaboration with MEI, Japan. The key thrust area of the company will be to increase domestic as well as export sales through introducing bett... More.. |
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Recent news
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| Period ending (months) | 30-Sep-2007(6) | 31-Mar-2007 (12) | 31-Mar-2006 (12) | | Net sales | 702.92 | 1229.83 | 1199.33 | | Other Income | 16.44 | 68.71 | 68.64 | | Total Income | 719.37 | 1298.55 | 1267.97 | | Cost of goods sold | 669.34 | 1253.91 | 1226.70 | | OPBDIT | 50.02 | 44.63 | 41.27 | | PAT | 34.54 | 37.09 | 28.56 | | Gross Block | - | 518.95 | 503.66 | | Equity capital | 500.00 | 500.00 | 500.00 | | EPS (Rs.) | - | 0.74 | 0.57 | | DPS (Rs.) | - | 0.00 | 0.00 | | BV (Rs.) | - | 9.03 | 8.28 | | P/E range (x) | - | 11.78 - 25.41 | 17.19 - 42.72 | | Debt / Equity (x) | - | 0.00 | 0.00 | | Operating margin (% of OI) | 7.0 | 3.4 | 3.3 | | Net margin (% of OI) | 4.8 | 2.9 | 2.3 |
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Detailed Financials
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