Carol Info Services Limited
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BSE Code:
500446
NSE Code:
CAROLINFO
Business Profile
Business Profile
Carol Info Services (CAROL) is engaged in the manufacture and sale of nutrition products in India. Incorporated on Nov. 29, 1979 as Wockhardt Life Sciences, the company got its current name in 2003. The company is a subsidiary of Khorakiwala Holdings and Investments. The chairman and managing director of the company is G.B. Parulkar.
Due to restructuring, all the business activities of agrochemicals, IV fluids and healthcare (hospitals) have been divested and now the company has a unit in Lalru (Ambala), which is engaged in manufacturing neutraceuticals and other milk-based products on job work basis. The company operates in the segments of milk-based products and other services income. Wockhardt International is a wholly owned subsidiary of the company.
The registered office of the company is at City Survey No 681, Nahur village, Mulund- Goregaon Link Road, Mumbai-400078.
Financials
Carol Info Services registered a sharp drop in net profit of Rs 54.42 million for the quarter ended June 2007 from a profit of Rs 62.35 million for the quarter ended June 2006.
Net sales rose 12.02% to Rs 59.46 million for the quarter ended June 2007 from Rs 53.08 million for the quarter ended June 2006.
Total income dipped 14.31% to Rs 59.48 million from Rs 69.41 million for the quarter ended June 2006.
The earnings per share (EPS) of the company stood at Rs 1.54 for the quarter ended June 2007.
Recent Developments
18-OCT-06
The company announced that it will buy back its fully paid up equity shares of the face value of Rs 10 each from existing shareholders through the open market using the facilities of the Bombay Stock Exchange and the National Stock Exchange of India, at a price not exceeding Rs 40/- per equity share, payable in cash, for a total consideration not exceeding Rs 212 million representing approximately 6.6% of the aggregate of the company`s paid up equity capital & free reserves as on March 31, 2006.Given the total consideration to not exceed Rs 212 million, the number of equity shares to be bought back would depend upon the average price paid for the equity shares.