Fundamental analysis of Shapna / Share rise despite the decrease in production and sales in March 1401 – Tejaratnews

According to Tejarat News, with the publication of the monthly activity reports of stock companies on the Kodal website, the question is raised that large refining companies such as Isfahan Oil Refining Company, whose shares are traded under the symbol Shepna in the Tehran Stock Exchange, in a month ending March 1401 What a performance they have left behind.

Isfahan Oil Refining Company was established in January 1977 as a subsidiary company of Iran’s National Petroleum Products Refining and Distribution Company. The shares of this company were offered for the first time in the Tehran Stock Exchange on 4/9/2013 at a price of 589 Tomans.

It should be noted that Shapna is traded with a market value of 204 thousand 73 billion tomans in the group of “petroleum products, coke and nuclear fuel”. The main activity of this company includes refining and processing crude oil and other hydrocarbons, making petroleum products such as gasoline, kerosene, gas oil, fuel oil and other derivatives and by-products.

It should be noted that Avai Pardis Salamat Company is the largest major shareholder of Isfahan Oil Refining Company by taking possession of 15% of the shares. Also, Rafah Capital Development Company and Taban Farda Petrochemical Group Company are considered as Shapna’s other shareholders by acquiring 11.36% and 6.39% of this company’s shares, respectively.

Also, 43% of the shares of this refining company are in the hands of small or so-called floating shareholders. A review of Shepna’s price chart shows that this company has increased its price by more than 45% in February 1401.

How much production and sales did Shapna have in March 1401?

Reviewing the monthly performance report of Isfahan Oil Refining Company shows that the company’s production and sales in March 1401 have decreased somewhat compared to February.

So that the amount of production of Isfahan Oil Refining Company in the third month of the winter of 1401 experienced a decrease of about seven percent and reached 1 million 823 thousand cubic meters in February to 1 million 703 thousand cubic meters in March. This decrease in production is mainly seen in products such as fuel oil, sulfur, gas oil and gasoline.

Also, the comparison of the amount of production in Esfand 1401 of this refinery with the same period of 1400 shows an 86% decrease in the company’s production in this month. It should be mentioned that the production amount of the company was recorded in March 1400, equal to 12 million and 137 thousand cubic meters.

Of course, it should be noted that the amount of production and sales of Isfahan Oil Refining Company in March 1400 was unprecedented in the last three years.

Further investigation of this report shows that the company managed to sell 1 million 715 thousand cubic meters of its manufactured products in March 1401. This number has decreased by more than four percent compared to the sale of 1,789,000 cubic meters in February.

On the other hand, the sales amount of Isfahan oil refining in March 1400 was recorded as 12 million and 107 thousand cubic meters in the company’s monthly performance report. Thus, the amount of sales of this refining in March 1401 compared to the same period of 1400 has experienced a drop of about 86%.

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