Switch to
Tabular Data
Graph
Switch to
Consolidated
Standalone
Y/e 31 Mar Mar-2014 Mar-2013 Mar-2012 Mar-2011
Growth matrix (%)        
Revenue growth (8.90) (30) 22.80 --
Op profit growth (73) (52) 32.20 --
EBIT growth (300) (84) 9.16 --
Net profit growth (93) 27.40 (17) --
Profitability ratios (%)        
OPM 1.90 6.41 9.34 8.68
EBIT margin (3.20) 1.45 6.41 7.21
Net profit margin 0.26 3.44 1.88 2.79
RoCE (4.10) 1.90 11.80 --
RoNW 0.21 3.28 2.80 --
RoA 0.08 1.13 0.87 --
Per share ratios ()        
EPS 0.61 11.20 8.74 10.60
Dividend per share 1 1.50 1.50 1.50
Cash EPS (16) (6.20) (6) 2.33
Book value per share 91.50 92.10 82.40 78
Valuation ratios        
P/E 141 13 13.50 11.50
P/CEPS (5.30) (24) (20) 52.40
P/B 0.94 1.58 1.43 1.56
EV/EBIDTA 27.50 12.20 6.05 7.42
Payout (%)        
Dividend payout 150 15.20 19.30 16.20
Tax payout (5.80) 18 (48) (35)
Liquidity ratios        
Debtor days 138 130 93.40 --
Inventory days 1.03 1.22 0.76 --
Creditor days (12) (22) (22) --
Leverage ratios        
Interest coverage 0.57 (0.20) (1.30) (2.50)
Net debt / equity 1.24 1.39 1.91 1.91
Net debt / op. profit 19.70 6.03 3.53 4.42
Cost breakup ()        
Material costs (30) (28) (22) (21)
Employee costs (6.60) (7) (4.90) (5.70)
Other costs (61) (59) (64) (64)
Switch to
Tabular Data
Graph
Switch to
Consolidated
Standalone
Y/e 31 Mar( In .Cr) Mar-2014 Mar-2013 Mar-2012 Mar-2011
Revenue 164 180 258 210
yoy growth (%) (8.90) (30) 22.80 --
Raw materials (50) (50) (57) (45)
As % of sales 30.50 28 22.20 21.20
Employee costs (11) (13) (13) (12)
As % of sales 6.59 6.97 4.88 5.73
Other costs (100) (106) (164) (135)
As % of sales 61.10 58.60 63.50 64.40
Operating profit 3.11 11.50 24.10 18.20
OPM 1.90 6.41 9.34 8.68
Depreciation (9.10) (9.50) (8.10) (4.60)
Interest expense (9.20) (11) (12) (6.20)
Other income 0.82 0.60 0.52 1.53
Profit before tax (14) (8.50) 4.27 9.01
Taxes 0.83 (1.50) (2) (3.10)
Tax rate (5.80) 18 (48) (35)
Minorities and other -- -- -- --
Adj. profit (14) (10) 2.24 5.88
Exceptional items 14 16.20 2.62 --
Net profit 0.42 6.19 4.86 5.88
yoy growth (%) (93) 27.40 (17) --
NPM 0.26 3.44 1.88 2.79
Switch to
Tabular Data
Graph
Y/e 31 Mar ( In .Cr) Mar-2014 Mar-2013 Mar-2012 Mar-2011
Profit before tax (14) (8.50) 4.27 9.01
Depreciation (9.10) (9.50) (8.10) (4.60)
Tax paid 0.83 (1.50) (2) (3.10)
Working capital 2.75 4.43 (4.40) --
Other operating items -- -- -- --
Operating cashflow (20) (15) (10) --
Capital expenditure 20.90 (1.20) 1.23 --
Free cash flow 0.99 (16) (9.10) --
Equity raised 81.10 78.30 79.60 --
Investments (12) (8.60) 8.55 --
Debt financing/disposal (11) 15.70 85.40 --
Dividends paid 0.54 0.81 0.81 0.81
Other items -- -- -- --
Net in cash 59.80 69.90 165 --
Switch to
Tabular Data
Graph
Switch to
Consolidated
Standalone
Y/e 31 Mar ( In .Cr) Mar-2014 Mar-2013 Mar-2012 Mar-2011
Equity capital 5.41 5.41 5.41 5.41
Preference capital -- -- -- --
Reserves 44.10 44.50 39.20 36.90
Net worth 49.60 49.90 44.60 42.30
Minority interest
Debt 65.50 74.40 93.10 89.50
Deferred tax liabilities (net) 5.74 6.58 6.30 4.40
Total liabilities 121 131 144 136
Fixed assets 52.70 65.70 74.50 52.90
Intangible assets
Investments (2.70) (1.40) 7.18 9.07
Deferred tax asset (net) -- -- -- 0.07
Net working capital 66.70 61.70 54.50 65.40
Inventories 0.46 0.47 0.73 0.35
Inventory Days 1.02 0.95 1.03 0.61
Sundry debtors 58.70 65.30 63.40 68.70
Debtor days 131 132 89.60 119
Other current assets 18.70 15.50 20.80 25.70
Sundry creditors (4.20) (6.50) (14) (14)
Creditor days 9.32 13.20 19.90 23.60
Other current liabilities (6.90) (13) (16) (16)
Cash 4.12 4.79 7.86 8.79
Total assets 121 131 144 136
Switch to
Consolidated
Standalone


Particulars ( Rupees In Crores.) Mar-2014 Mar-2013 Mar-2012 Mar-2011 -
Gross Sales 164 180 258 218 --
Excise Duty -- -- -- -- --
Net Sales 164 180 258 218 --
Other Operating Income 0.36 0.25 0.31 0.23 --
Other Income 14.40 16.60 2.83 1.38 --
Total Income 179 197 261 219 --
Total Expenditure ** 161 169 234 199 --
PBIDT 17.90 28.40 27.30 19.80 --
Interest 9.16 11.10 12.30 6.16 --
PBDT 8.72 17.30 15 13.60 --
Depreciation 9.13 9.54 8.09 4.61 --
Minority Interest Before NP -- -- -- -- --
Tax (0.80) 1.53 2.03 2.95 --
Deferred Tax -- -- -- -- --
Reported Profit After Tax 0.42 6.18 4.86 6.05 --
Minority Interest After NP -- -- -- -- --
Net Profit after Minority Interest 0.42 6.18 4.86 6.05 --
Extra-ordinary Items 14 -- -- -- --
Adjusted Profit After Extra-ordinary item (14) 6.18 4.86 6.05 --
EPS (Unit Curr.) 1 11 9 11 --
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) 10 -- -- -- --
Equity 5.41 5.41 5.41 5.41 --
Public Shareholding (Number) 1,970,862 1,972,214 2,256,205 -- --
Public Shareholding (%) 37 36 42 -- --
Pledged/Encumbered - No. of Shares 785,000 1,435,000 1,330,000 -- --
Pledged/Encumbered - % in Total Promoters Holding 23 42 42 -- --
Pledged/Encumbered - % in Total Equity 14 27 24 -- --
Non Encumbered - No. of Shares 2,661,370 2,010,018 1,831,027 -- --
Non Encumbered - % in Total Promoters Holding 77 58 58 -- --
Non Encumbered - % in Total Equity 49 37 34 -- --
PBIDTM(%) 10.90 15.80 10.60 9.09 --
PBDTM(%) 5.32 9.58 5.80 6.26 --
PATM(%) 0.26 3.43 1.88 2.78 --