AGC Networks Financial Statements

AGC Networks Half Yearly Results

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Y/e 31 Mar Mar-2020 Mar-2018 Mar-2017 Mar-2016
Growth matrix (%)        
Revenue growth 581 (6) (11) (1.10)
Op profit growth 1,006 3 469 (76)
EBIT growth 908 2.28 991 (78)
Net profit growth 175 44.50 (130) (334)
Profitability ratios (%)        
OPM 7.38 4.54 4.14 0.64
EBIT margin 6.06 4.09 3.76 0.31
Net profit margin 0.82 2.04 1.32 (3.90)
RoCE 71.50 12.60 12.40 1.13
RoNW 48.60 4.67 3.73 (10)
RoA 2.43 1.57 1.09 (3.60)
Per share ratios ()        
EPS 13.80 5.24 3.63 --
Dividend per share -- -- -- --
Cash EPS (19) 2.37 1.32 (15)
Book value per share (16) 31.70 24.60 24.10
Valuation ratios        
P/E 17 19 25.30 --
P/CEPS (12) 41.90 69.30 (4.40)
P/B (15) 3.73 3.74 3.52
EV/EBIDTA 2.46 10.90 11.60 28.10
Payout (%)        
Dividend payout -- -- -- --
Tax payout (4) (82) (74) 51
Liquidity ratios        
Debtor days 20.80 103 98.90 95.90
Inventory days 6.12 12.30 9.86 10.40
Creditor days (27) (74) (81) (81)
Leverage ratios        
Interest coverage (2.30) (1.20) (1.10) (0.10)
Net debt / equity (6.10) 1.47 2.20 1.83
Net debt / op. profit 0.79 3.98 4.75 22.10
Cost breakup ()        
Material costs (30) (33) (36) (42)
Employee costs (38) (26) (25) (23)
Other costs (25) (36) (36) (34)
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Y/e 31 Mar( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Revenue 4,994 733 780 881
yoy growth (%) 581 (6) (11) (1.10)
Raw materials (1,506) (242) (279) (373)
As % of sales 30.20 33 35.80 42.30
Employee costs (1,895) (193) (192) (200)
As % of sales 37.90 26.30 24.50 22.70
Other costs (1,225) (265) (277) (302)
As % of sales 24.50 36.10 35.60 34.30
Operating profit 368 33.30 32.30 5.68
OPM 7.38 4.54 4.14 0.64
Depreciation (99) (8.20) (6.60) (8.50)
Interest expense (129) (25) (26) (27)
Other income 33 4.88 3.57 5.51
Profit before tax 173 5.05 3.15 (24)
Taxes (7) (4.10) (2.30) (12)
Tax rate (4) (82) (74) 51
Minorities and other -- -- -- --
Adj. profit 166 0.91 0.83 (36)
Exceptional items (125) 14 9.50 1.64
Net profit 41.10 14.90 10.30 (35)
yoy growth (%) 175 44.50 (130) (334)
NPM 0.82 2.04 1.32 (3.90)
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Profit before tax 173 5.05 3.15 (24)
Depreciation (99) (8.20) (6.60) (8.50)
Tax paid (7) (4.10) (2.30) (12)
Working capital (28) (205) (374) (58)
Other operating items -- -- -- --
Operating cashflow 39.60 (212) (379) (103)
Capital expenditure 682 97 9.08 (21)
Free cash flow 721 (115) (370) (123)
Equity raised 145 369 308 120
Investments (81) (81) (0.50) --
Debt financing/disposal 660 15.20 (134) (72)
Dividends paid -- -- -- --
Other items -- -- -- --
Net in cash 1,446 189 (196) (75)
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2019 Mar-2018 Mar-2017
Equity capital 29.80 29.70 28.50 28.50
Preference capital -- -- 14.20 --
Reserves (78) (11) 47.50 41.40
Net worth (48) 18.70 90.10 69.90
Minority interest
Debt 660 808 144 173
Deferred tax liabilities (net) -- -- -- --
Total liabilities 612 827 234 243
Fixed assets 526 399 114 111
Intangible assets
Investments -- -- -- --
Deferred tax asset (net) 20.30 32 1.04 --
Net working capital (304) 133 108 113
Inventories 137 151 31 18.60
Inventory Days 9.98 -- 15.40 8.70
Sundry debtors 361 862 208 206
Debtor days 26.40 -- 104 96.60
Other current assets 922 725 215 233
Sundry creditors (547) (551) (139) (143)
Creditor days 40 -- 69.10 67
Other current liabilities (1,176) (1,053) (207) (203)
Cash 369 263 11.60 19.50
Total assets 612 827 234 243
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Particulars ( Rupees In Crores.) Mar-2021 Sep-2020 Mar-2020 Sep-2019 Mar-2019
Gross Sales 2,462 2,212 2,507 2,487 1,468
Excise Duty -- -- -- -- --
Net Sales 2,462 2,212 2,507 2,487 1,468
Other Operating Income -- -- -- -- --
Other Income 3.12 8.01 (22) 29.60 (1.60)
Total Income 2,465 2,220 2,485 2,517 1,466
Total Expenditure ** 2,327 2,068 2,506 2,345 1,514
PBIDT 138 151 (22) 172 (48)
Interest 48.40 49.50 65 66.70 33.70
PBDT 89.60 102 (87) 105 (82)
Depreciation 43.90 51.60 39.80 51.90 9.46
Minority Interest Before NP -- -- -- -- --
Tax 11.60 4.66 (6.90) 4.31 4.43
Deferred Tax 1.77 (0.10) 9.57 -- (6.60)
Reported Profit After Tax 32.30 45.80 (129) 49.10 (89)
Minority Interest After NP -- -- -- -- --
Net Profit after Minority Interest 32.30 45.80 (129) 49.10 (89)
Extra-ordinary Items (13) (17) (107) (16) (77)
Adjusted Profit After Extra-ordinary item 45.30 62.70 (22) 65.40 (12)
EPS (Unit Curr.) 9.94 15.40 -- 16.50 --
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- -- -- -- --
Equity 32.50 29.80 29.80 29.70 29.70
Public Shareholding (Number) -- -- -- -- --
Public Shareholding (%) -- -- -- -- --
Pledged/Encumbered - No. of Shares -- -- -- -- --
Pledged/Encumbered - % in Total Promoters Holding -- -- -- -- --
Pledged/Encumbered - % in Total Equity -- -- -- -- --
Non Encumbered - No. of Shares -- -- -- -- --
Non Encumbered - % in Total Promoters Holding -- -- -- -- --
Non Encumbered - % in Total Equity -- -- -- -- --
PBIDTM(%) 5.61 6.85 (0.90) 6.92 (3.30)
PBDTM(%) -- -- -- -- --
PATM(%) 1.31 2.07 (5.10) 1.97 (6.10)
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