SAVITA OIL TECHNOLOGIES LTD
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BSE Code:
524667
NSE Code:
SOTL
Business Profile
Business Profile
Savita Chemicals (SAVITACH) specializes in the manufacture of petroleum products and operates wind power plants. It was incorporated on July 19, 1961 as a private limited company, and became a full fledged public limited company on April 29, 1994.
The company manufactures Savonol (liquid paraffin), Vitagel (optic fiber cable filling compound), Transol (transformer oil), Savoflow (pour point depressants), Technol (white oil), Sulfopet/Sulfosyn (petroleum sulfonates), Savogel (petroleum jellies), Savowax (waxes), Savofil/Savoflod (cable-filling compound), Idemitsu (automotive and industrial lubricants), Savox BW300 (emulsifiable oxidized polyethylene wax), and specialty wax emulsion (for leather finishings, water-based paints and printing inks).
Savita Chemicals has its manufacturing facilities in Navi Mumbai, Mahad and Silvassa with a combined installed capacity of 216,000 KL/MT for transformer, lubrication and other specialty oils, while the installed capacity of petroleum jellies is 3,000 MT. The company operates wind power plants in Maharashtra, Karnataka and Tamil Nadu with a combined installed capacity of 21.8 MW. It is ISO 9001 certified and its R&D is recognized by the Department of Science and Technology. Solaris International FZE in Sharjah, UAE is the wholly-owned subsidiary of the company.
The company has received the green channel vendor status from several customers. Its clientele includes SEBs and almost all major power equipment manufacturers like ABB, BHEL, Crompton Greaves, Areava T&D, NGEF, Bharat Bijlee, TELK, BBMB, BSES and others. FMCG clients include HLL, Dabur, Marico, ..etc, and pharma companies like Pfizer, GSK and others. Lubricating oils are exclusively supplied to OEMs like Toyota, Honda Siel and HMSI.
The registered office of the company is located at 66/67, Nariman Bhavan, Nariman Point, Mumbai-400021.
Financials
Savita Chemicals registered a 73.1% growth in net profit to Rs 149.07 million for the quarter ended June 2007 from a profit of Rs 86.12 million for the quarter ended June 2006.
Net sales rose 24.68% to Rs 2,182.89 million for the quarter ended June 2007 from Rs 1,750.85 million for the quarter ended June 2006.
Total income rose 24.44% to Rs 2,203.29 million for the quarter ended June 2007 from Rs 1,770.51 million for the quarter ended June 2006.
The earnings per share (EPS) of the company stood at Rs 10.21 for the quarter ended June 2007.