Last 8,193 INR
Change Today 0.00 / 0.00%
Volume 0.0
TWO On Other Exchanges
Symbol
Exchange
Natl India
As of 7:32 AM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

tide water oil co india ltd (TWO) Snapshot

Open
8,158
Previous Close
8,179
Day High
8,240
Day Low
8,136
52 Week High
04/1/14 - 8,500
52 Week Low
09/6/13 - 6,556
Market Cap
7.1B
Average Volume 10 Days
769.1
EPS TTM
722.11
Shares Outstanding
871.2K
EX-Date
08/8/13
P/E TM
11.3x
Dividend
150.00
Dividend Yield
1.84%
Current Stock Chart for TIDE WATER OIL CO INDIA LTD (TWO)

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tide water oil co india ltd (TWO) Details

Tide Water Oil Co. (India), Ltd. manufactures and sells lubricants and greases for automotive and industrial applications in India. The company offers various automotive oils comprising diesel engine oils, two wheeler oils, passenger car motor oils, gear and transmission oils, and others oil products; and industrial oils, including general purpose machinery, spindle, turbine, hydraulic and circulation, heavy and extra duty hydraulic, steam cylinder, gear oil, non drip, and mill roll oils, as well as open gear compounds. It also provides industrial greases comprising lithium soap, lithium complex, calcium soap, and non-soap greases; industrial specialty products, such as metal working fluids, heat transfer fluids, quenching oils, and mistlube products; and various genuine oil products, as well as additive products. In addition, the company is involved in the generation of wind power. It markets its products under the VEEDOL and ENEOS brand names. The company sells its products through distributors and dealers. Tide Water Oil Co. (India), Ltd. was incorporated in 1921 and is based in Kolkata, India.

Founded in 1921

tide water oil co india ltd (TWO) Top Compensated Officers

Chief Executive Officer and Whole-Time Direct...
Total Annual Compensation: 2.1M
Compensation as of Fiscal Year 2013.

tide water oil co india ltd (TWO) Key Developments

JX Nippon Oil & Energy Corporation and Tide Water Oil Co. (India), Ltd. Form JV to Sell Lubricants

JX Nippon Oil Energy Corp. has announced an equally owned joint venture with Tide Water Oil Co. (India), Ltd. Tide Water already sells the Eneos brand of lubricants which the company manufactures at its factories in Chennai and Navi Mumbai under a technical partnership with JX Nippon. It pays a royalty to the Japanese company. The marketing part of the Eneos business will now be transferred to the JV for which JX Nippon is expected to pay Tide Water about 1,000 million. The JV company will outsource manufacturing to Tidewater Oil and pay JX Nippon a royalty for the technical collaboration. The new company will have a total equity capital of 1,000 million most of which will be used for marketing and selling of Eneos lubes. Tide Water will not require any extra funds to take the 50% stake, because it can pay 500 million from the price it gets by hiving off the Eneos business to the new JV. Eneos has three segments of customers. The first is original equipment manufacturers who buy the lube in bulk and the next is the machinery segment which buys from the retail market because the OEMs recommend this brand. These two categories contribute about 20% and 65%, respectively, to its revenue. About 15% of its business comes from the retail market.

Tide Water Oil Co. (India), Ltd. Reports Un-Audited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013

Tide Water Oil Co. (India), Ltd. reported un-audited earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported total income from operations of INR 2,345.2 million compared to INR 2,148.5 million, profit from operations before other income, finance costs and exceptional items of INR 234.0 million compared to INR 193.0 million, profit from ordinary activities of INR 256.5 million compared to INR 206.4 million and net profit after taxes, minority interest and share of profit of associates of INR 175.6 million or INR 201.56 per diluted share compared to INR 140.0 million or INR 160.69 per diluted share for the last year. For the nine months, the company reported total income from operations of INR 6,555.8 million compared to INR 6,343.6 million, profit from operations before other income, finance costs and exceptional items of INR 645.4 million compared to INR 597.4 million, profit from ordinary activities of INR 741.6 million compared to INR 639.2 million and net profit after taxes, minority interest and share of profit of associates of INR 505.8 million or INR 580.54 per diluted share compared to INR 431.8 million or INR 495.69 per diluted share for the last year.

Tide Water Oil Co. (India), Ltd., Board Meeting, Jan 29, 2014

Tide Water Oil Co. (India), Ltd., Board Meeting, Jan 29, 2014. Agenda: To consider un-audited earnings results for the third quarter and nine months ended December 31, 2013.

 

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