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The Company, Competent Automobiles Co. Ltd. (CACL) is a part of Delhi based Competent group, promoted by Sh. Raj Chopra. The company is a profit-making dividend paying company since inception and engaged in Automobile business. Presently the company has dealerships of Maruti Udyog Ltd. for Delhi and other for Himachal Pradesh at Mandi. For Delhi dealership the company has 4 showrooms and 2 big workshops. Competent's status was recently re-affirmed at the All India Maruti Dealers' Convention at New Delhi. The company has been reporting good results. For the year ended Mar 2004 it has reported a turnover of Rs 442 crores, PBDT of Rs 5.36 crores and a net profit of Rs 2.55 crores which translates in to an EPS of Rs 4.2. The book value of the company is Rs 47. It has been regularly paying dividends @ 10% per year. For the year 2004-2005 they can expect a 25% jump in EPS at Rs 5.20 as it is reflected from first quarter increase in net profits. The company foresee a good year ahead as Automobiles Industry is passing through good phase and an increased market share of its Principal M/s Maruti Udyog Ltd. will ensure that your Company performs well to maintain its profitability.It has a new Show room -Cum- Workshop Complex at the West Zone of Delhi and company expects an increased market share of total Maruti Vehicles sale in the NCR of Delhi which will lead to increased stakeholders wealth.
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