DIMO

DIMO, is a company with a log history over 71 years .DIMO has a greatest product  mix that covers entire population of the country (Benz,Nano,TATA,Star bus,Dimo Batta,DIMO lokka etc).We will not take  your valuable time to read a lot of things. Instead of that we would like to bring your attentions to few aspects.

Financial Aspect

DIMO has recorded Rs.973,916,000 for the quarter ended 31^st December 2011 (EPS.111.91) with drastically increase from year to year recoding 982% (There were no one off income or expenses to remove).During the quarter ,revenue has gone up by 338% from year to year. This remarkable revenue boost bottom line. Important thing is, company bottom line is not burnt by finance cost since finance cost is very less.

Sound product portfolio mix of DIMO ( Benz,Tata ,Star bus,Dimo batta and recently introduced Dimo lokka etc) will increase revenue in future.  

Vehicle Business

After deducting tax rates, registration of vehicles has been increased and all listed motor sector companies revenue has gone up. We can forecast further revenue growth if the government continues same tax policies. However purchasing power of the customer, exchange rates effects, fuel prices hike etc will be disadvantages to the industry and we can take low interest rate on vehicle loans and lease as an important benefit to the industry.

DIMO share

Currently company share is trading on Rs.1, 697.30 (Traded price 12^th April 2011) with a major discount to the market. The counter is trading with forward PE (based on last quarter earnings) 3.79 while the sector PE ratio is 13.14.

We know that you guys are very smart investors and will raise a lot questions. We love to answer your all questions while we are learning from you and you are learning from us.