Ballarpur Industries Financial Statements

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Y/e 31 Mar Mar-2018 Mar-2017 Mar-2016 Mar-2015
Growth matrix (%)        
Revenue growth 22.30 (51) 30.80 (39)
Op profit growth (204) (143) 32.80 (42)
EBIT growth (115) (177) 86.60 (21)
Net profit growth (11) 648 884 (143)
Profitability ratios (%)        
OPM 12.90 (15) 17.10 16.80
EBIT margin 2.98 (25) 15.70 11
Net profit margin (55) (76) (5) (0.70)
RoCE 0.68 (4.10) 5.92 3.40
RoNW (184) (28) (1.70) (0.20)
RoA (3.10) (3.20) (0.50) (0.10)
Per share ratios ()        
EPS -- -- -- --
Dividend per share -- -- -- 0.20
Cash EPS (13) (28) (7.20) (3.40)
Book value per share 3.51 (1.10) 43.50 48.80
Valuation ratios        
P/E -- -- -- --
P/CEPS (1) (0.70) (1.90) (4)
P/B (12) (17) 0.32 0.28
EV/EBIDTA 27.60 (46) 9.36 11.90
Payout (%)        
Dividend payout -- -- -- (110)
Tax payout (20) (9.60) 15.50 20.90
Liquidity ratios        
Debtor days 11.40 38.70 37.90 55.50
Inventory days 65.20 185 128 163
Creditor days (159) (260) (193) (169)
Leverage ratios        
Interest coverage (0.10) 0.57 (1.10) (1.30)
Net debt / equity 17.80 (133) 2.74 1.80
Net debt / op. profit 24.80 (32) 10.80 10.60
Cost breakup ()        
Material costs (51) (65) (58) (54)
Employee costs (9) (13) (7.10) (7.40)
Other costs (27) (37) (17) (22)
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Y/e 31 Mar( In .Cr) Mar-2018 Mar-2017 Mar-2016 Mar-2015
Revenue 2,519 2,059 4,235 3,239
yoy growth (%) 22.30 (51) 30.80 (39)
Raw materials (1,288) (1,337) (2,475) (1,755)
As % of sales 51.10 64.90 58.50 54.20
Employee costs (227) (263) (300) (239)
As % of sales 9.02 12.80 7.07 7.39
Other costs (678) (771) (736) (700)
As % of sales 26.90 37.40 17.40 21.60
Operating profit 326 (312) 723 544
OPM 12.90 (15) 17.10 16.80
Depreciation (277) (264) (265) (203)
Interest expense (916) (899) (622) (276)
Other income 26 65.10 207 15.30
Profit before tax (840) (1,410) 43.90 80.60
Taxes 166 135 6.82 16.90
Tax rate (20) (9.60) 15.50 20.90
Minorities and other (531) 10.30 (261) (116)
Adj. profit (1,205) (1,265) (210) (19)
Exceptional items (190) (306) 0.31 (2.60)
Net profit (1,395) (1,571) (210) (21)
yoy growth (%) (11) 648 884 (143)
NPM (55) (76) (5) (0.70)
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Y/e 31 Mar ( In .Cr) Mar-2018 Mar-2017 Mar-2016 Mar-2015
Profit before tax (840) (1,410) 43.90 80.60
Depreciation (277) (264) (265) (203)
Tax paid 166 135 6.82 16.90
Working capital (41) 1,444 (600) 268
Other operating items -- -- -- --
Operating cashflow (992) (96) (814) 162
Capital expenditure 2,650 656 4,148 (229)
Free cash flow 1,658 560 3,334 (67)
Equity raised 4,240 5,166 6,479 6,567
Investments (41) -- 9.60 --
Debt financing/disposal 8,070 10,413 7,761 5,282
Dividends paid -- -- -- 13.10
Other items -- -- -- --
Net in cash 13,929 16,139 17,583 11,794
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Y/e 31 Mar ( In .Cr) Mar-2019 Mar-2018 Mar-2017 Mar-2016
Equity capital 2,074 2,001 1,429 131
Preference capital 542 593 -- --
Reserves (3,217) (2,139) (1,503) 2,721
Net worth (601) 455 (75) 2,852
Minority interest
Debt 8,144 8,223 10,107 8,063
Deferred tax liabilities (net) 1,016 979 2,214 85.40
Total liabilities 8,179 9,520 12,729 11,983
Fixed assets 6,538 7,556 8,247 10,737
Intangible assets
Investments 89.20 0.03 40.60 50.20
Deferred tax asset (net) 1,184 1,193 2,261 --
Net working capital 80.80 629 2,058 943
Inventories 447 351 549 1,540
Inventory Days -- 50.80 97.40 133
Sundry debtors 158 87.40 70.20 366
Debtor days -- 12.70 12.40 31.50
Other current assets 3,318 3,163 4,138 2,143
Sundry creditors (979) (1,089) (820) (2,557)
Creditor days -- 158 145 220
Other current liabilities (2,863) (1,883) (1,878) (549)
Cash 288 142 122 252
Total assets 8,179 9,520 12,729 11,983
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Particulars ( Rupees In Crores.) Mar-2019 Mar-2018 Mar-2017 Mar-2016 Mar-2015
Gross Sales 3,596 2,505 2,126 4,289 3,626
Excise Duty -- 27.40 113 238 --
Net Sales 3,596 2,477 2,013 4,051 3,626
Other Operating Income -- -- -- -- 60.90
Other Income 95.80 67.50 111 111 --
Total Income 3,692 2,545 2,124 4,162 3,687
Total Expenditure ** 3,622 3,554 3,167 3,724 3,099
PBIDT 69.90 (1,010) (1,043) 438 588
Interest 843 916 899 459 312
PBDT (773) (1,925) (1,942) (21) 276
Depreciation 266 277 264 265 338
Minority Interest Before NP -- -- -- -- --
Tax (16) 0.12 -- 2.83 (15)
Deferred Tax 49.40 (167) (135) (9.70) --
Reported Profit After Tax (1,072) (2,036) (2,071) (279) (47)
Minority Interest After NP (141) (641) (500) -- (26)
Net Profit after Minority Interest (931) (1,395) (1,571) (279) (21)
Extra-ordinary Items (347) (190) (306) 0.29 (2.60)
Adjusted Profit After Extra-ordinary item (584) (1,205) (1,265) (280) (19)
EPS (Unit Curr.) (6.10) (6.20) (24) (4.30) (0.30)
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- -- -- -- 10
Equity 259 259 131 131 131
Public Shareholding (Number) -- -- -- -- 331,513,172
Public Shareholding (%) -- -- -- -- 50.60
Pledged/Encumbered - No. of Shares -- -- -- -- 206,997,803
Pledged/Encumbered - % in Total Promoters Holding -- -- -- -- 63.90
Pledged/Encumbered - % in Total Equity -- -- -- -- 31.60
Non Encumbered - No. of Shares -- -- -- -- 117,012,864
Non Encumbered - % in Total Promoters Holding -- -- -- -- 36.10
Non Encumbered - % in Total Equity -- -- -- -- 17.90
PBIDTM(%) 1.94 (41) (52) 10.80 16.20
PBDTM(%) (21) (78) (96) (0.50) 7.60
PATM(%) (30) (82) (103) (6.90) (1.30)