Facor Alloys Financial Statements

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Y/e 31 Mar Mar-2020 Mar-2018 Mar-2017 Mar-2016
Growth matrix (%)        
Revenue growth (6.50) 135 7,068 (54)
Op profit growth (140) 6.91 (174) (44)
EBIT growth 33.10 7.14 (170) (26)
Net profit growth 671 (624) (99) 3.28
Profitability ratios (%)        
OPM (2.20) 5.05 11.10 (1,072)
EBIT margin 7.59 5.33 11.70 (1,195)
Net profit margin 3.95 0.48 (0.20) (1,261)
RoCE 12.10 7.96 7.51 (11)
RoNW 2.03 0.30 (0.10) (5.80)
RoA 1.58 0.18 -- (3)
Per share ratios ()        
EPS 0.60 0.02 -- --
Dividend per share -- -- -- --
Cash EPS 0.46 (0.10) (0.20) (1.80)
Book value per share 8.04 6.46 6.32 4.61
Valuation ratios        
P/E 1.78 123 -- --
P/CEPS 2.34 (33) (26) (0.50)
P/B 0.13 0.38 0.64 0.17
EV/EBIDTA 1.55 6.16 9.42 (9.90)
Payout (%)        
Dividend payout -- -- -- --
Tax payout (67) (225) (22) (26)
Liquidity ratios        
Debtor days 18.20 18.90 22.90 606
Inventory days 17.30 23.30 44.10 2,820
Creditor days (33) (28) (44) (118)
Leverage ratios        
Interest coverage (5.50) (0.90) (0.90) 1.97
Net debt / equity 0.11 0.57 0.75 1.05
Net debt / op. profit (2.80) 4.61 6.31 (4.80)
Cost breakup ()        
Material costs (40) (34) (45) (2.50)
Employee costs (6.20) (6.60) (10) (703)
Other costs (56) (55) (34) (466)
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Y/e 31 Mar( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Revenue 291 312 133 1.85
yoy growth (%) (6.50) 135 7,068 (54)
Raw materials (116) (106) (60) --
As % of sales 39.70 33.90 45 2.55
Employee costs (18) (20) (14) (13)
As % of sales 6.20 6.56 10.30 703
Other costs (164) (170) (45) (8.60)
As % of sales 56.30 54.50 33.70 466
Operating profit (6.30) 15.70 14.70 (20)
OPM (2.20) 5.05 11.10 (1,072)
Depreciation (2.60) (3) (2.80) (11)
Interest expense (4) (18) (17) (11)
Other income 31 3.83 3.58 8.72
Profit before tax 18.10 (1.30) (1.70) (33)
Taxes (12) 2.99 0.39 8.66
Tax rate (67) (225) (22) (26)
Minorities and other (0.10) 1.17 0.91 1.33
Adj. profit 5.91 2.84 (0.40) (23)
Exceptional items 5.59 (1.30) 0.15 --
Net profit 11.50 1.49 (0.30) (23)
yoy growth (%) 671 (624) (99) 3.28
NPM 3.95 0.48 (0.20) (1,261)
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Profit before tax 18.10 (1.30) (1.70) (33)
Depreciation (2.60) (3) (2.80) (11)
Tax paid (12) 2.99 0.39 8.66
Working capital (159) (117) (104) (34)
Other operating items -- -- -- --
Operating cashflow (155) (118) (109) (69)
Capital expenditure 109 101 47.40 20.70
Free cash flow (46) (17) (61) (49)
Equity raised 245 230 226 200
Investments (19) (31) (20) 0.09
Debt financing/disposal (17) 41.70 3.21 28.80
Dividends paid -- -- -- --
Other items -- -- -- --
Net in cash 163 224 148 180
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2019 Mar-2018 Mar-2017
Equity capital 19.70 19.70 19.70 19.60
Preference capital -- -- -- --
Reserves 138 116 107 104
Net worth 157 136 126 124
Minority interest
Debt 18.20 55 74.20 103
Deferred tax liabilities (net) 2.26 2.41 2.86 3.28
Total liabilities 171 182 194 223
Fixed assets 166 158 179 183
Intangible assets
Investments 0.01 0.02 8.09 18.40
Deferred tax asset (net) 6.67 18.50 22.30 19.90
Net working capital (3.40) (9.10) (17) (8)
Inventories 6.04 14.50 21.50 18.20
Inventory Days 7.57 -- 25.20 50.10
Sundry debtors 10.60 12 18.40 13.80
Debtor days 13.30 -- 21.60 37.90
Other current assets 59.40 59.60 25 27.20
Sundry creditors (29) (21) (25) (21)
Creditor days 36.10 -- 28.90 57.90
Other current liabilities (51) (74) (57) (46)
Cash 0.86 14.20 1.59 9.76
Total assets 171 182 194 223
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Particulars ( Rupees In Crores.) Mar-2020 Mar-2019 Mar-2018 Mar-2017 Mar-2016
Gross Sales 291 361 313 134 1.13
Excise Duty -- -- 1.70 1.61 --
Net Sales 291 361 312 133 1.13
Other Operating Income -- -- -- -- 0.72
Other Income 36.60 8.53 3.83 3.59 8.72
Total Income 328 370 315 136 10.60
Total Expenditure ** 298 334 297 118 21.70
PBIDT 30.30 35.20 18.20 18.30 (11)
Interest 4.04 14.40 17.90 17.20 11.20
PBDT 26.20 20.80 0.28 1.08 (22)
Depreciation 2.57 2.04 2.95 2.80 11
Minority Interest Before NP -- -- -- -- --
Tax -- 0.04 0.02 (0.50) (8.70)
Deferred Tax 12 3.75 (3) 0.11 --
Reported Profit After Tax 11.70 14.90 0.32 (1.30) (25)
Minority Interest After NP 0.14 (0.30) -- -- (1.30)
Net Profit after Minority Interest 11.50 15.20 0.32 (1.20) (23)
Extra-ordinary Items 2.75 (1) (1.30) 0.14 --
Adjusted Profit After Extra-ordinary item 8.75 16.20 1.65 (1.30) (23)
EPS (Unit Curr.) 0.59 0.78 0.08 (0.10) (1.20)
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- -- -- -- --
Equity 19.60 19.60 19.60 19.60 19.60
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(%) 10.40 9.75 5.85 13.80 (985)
PBDTM(%) 9 5.75 0.09 0.81 (1,977)
PATM(%) 4 4.13 0.10 (1) (2,185)