Gallantt Ispat Financial Statements

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Y/e 31 Mar Mar-2020 Mar-2018 Mar-2017 Mar-2016
Growth matrix (%)        
Revenue growth 77.30 35.50 (27) 3.37
Op profit growth (30) 77.50 (2.10) 1.87
EBIT growth 1.53 94.70 (3.90) 0.24
Net profit growth (22) 37.70 17.40 76.90
Profitability ratios (%)        
OPM 6.31 16 12.20 9.15
EBIT margin 7.50 13.10 9.12 6.95
Net profit margin 5.94 13.50 13.30 8.27
RoCE 6.60 8.93 6.75 8.98
RoNW 1.71 3.10 3.26 3.43
RoA 1.31 2.30 2.45 2.67
Per share ratios ()        
EPS 2.06 19 15.40 9.92
Dividend per share -- 0.50 0.50 1
Cash EPS 1.30 21 15.10 12
Book value per share 36 269 174 132
Valuation ratios        
P/E 8.98 1.42 2.87 5.07
P/CEPS 14.30 1.29 2.92 4.17
P/B 0.51 0.10 0.25 0.38
EV/EBIDTA 7.48 10.60 26.30 27.70
Payout (%)        
Dividend payout -- 1.82 2.51 7.07
Tax payout (10) (20) (3.70) (8.30)
Liquidity ratios        
Debtor days 16.50 22.90 25.80 26.60
Inventory days 44.60 54.70 45.10 33
Creditor days (16) (27) (12) (10)
Leverage ratios        
Interest coverage (6.60) (8.80) (9.10) (4.80)
Net debt / equity 0.23 0.30 0.27 0.22
Net debt / op. profit 3.56 2.49 2.58 1.57
Cost breakup ()        
Material costs (83) (72) (71) (77)
Employee costs (3.10) (2.30) (2.40) (1.20)
Other costs (7.90) (9.60) (15) (13)
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Y/e 31 Mar( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Revenue 1,020 575 425 580
yoy growth (%) 77.30 35.50 (27) 3.37
Raw materials (843) (415) (300) (446)
As % of sales 82.70 72.10 70.60 76.90
Employee costs (32) (13) (10) (6.80)
As % of sales 3.13 2.33 2.35 1.17
Other costs (80) (55) (63) (74)
As % of sales 7.88 9.59 14.90 12.80
Operating profit 64.40 92.20 51.90 53.10
OPM 6.31 16 12.20 9.15
Depreciation (24) (18) (14) (14)
Interest expense (12) (8.60) (4.20) (8.50)
Other income 36.10 1.59 0.48 1.19
Profit before tax 64.90 66.80 34.50 31.90
Taxes (6.80) (13) (1.30) (2.60)
Tax rate (10) (20) (3.70) (8.30)
Minorities and other 2.44 23.90 12.90 19.40
Adj. profit 60.60 77.60 46.20 48.60
Exceptional items -- -- 10.20 (0.60)
Net profit 60.60 77.60 56.30 48
yoy growth (%) (22) 37.70 17.40 76.90
NPM 5.94 13.50 13.30 8.27
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Profit before tax 64.90 66.80 34.50 31.90
Depreciation (24) (18) (14) (14)
Tax paid (6.80) (13) (1.30) (2.60)
Working capital 242 118 -- (118)
Other operating items -- -- -- --
Operating cashflow 276 154 19.50 (103)
Capital expenditure 220 259 -- (259)
Free cash flow 496 412 19.50 (362)
Equity raised 1,223 998 872 1,029
Investments 197 106 -- (106)
Debt financing/disposal 176 214 187 43.60
Dividends paid -- 1.41 1.41 2.82
Other items -- -- -- --
Net in cash 2,092 1,732 1,080 608
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2019 Mar-2018 Mar-2017
Equity capital 28.20 28.20 28.20 28.20
Preference capital -- -- -- --
Reserves 987 927 731 464
Net worth 1,016 955 759 492
Minority interest
Debt 237 242 237 138
Deferred tax liabilities (net) 38.40 38.40 32.80 28.50
Total liabilities 1,291 1,235 1,029 659
Fixed assets 599 503 480 328
Intangible assets
Investments 236 234 165 145
Deferred tax asset (net) 54.60 50 44.70 37.50
Net working capital 393 445 333 144
Inventories 127 131 122 50.90
Inventory Days 45.60 -- 77.20 43.70
Sundry debtors 40.30 78.60 51.90 20.20
Debtor days 14.40 -- 32.90 17.40
Other current assets 284 277 262 255
Sundry creditors (24) (6) (61) (9.60)
Creditor days 8.72 -- 38.80 8.23
Other current liabilities (34) (36) (42) (173)
Cash 7.29 3.35 7.62 4.23
Total assets 1,291 1,235 1,029 659
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Particulars ( Rupees In Crores.) Mar-2020 Sep-2019 Mar-2019 Sep-2018 -
Gross Sales 482 538 656 574 --
Excise Duty -- -- -- -- --
Net Sales 482 538 656 574 --
Other Operating Income -- -- -- -- --
Other Income 35.70 0.36 13.30 0.55 --
Total Income 518 538 669 574 --
Total Expenditure ** 457 498 579 462 --
PBIDT 60.90 39.60 90.10 112 --
Interest 7.61 4.05 4.07 5.61 --
PBDT 53.30 35.60 86 106 --
Depreciation 12 12 13 12.90 --
Minority Interest Before NP -- -- -- -- --
Tax 7.22 4.15 15.90 19.90 --
Deferred Tax (3) (1.70) (1.90) 2.16 --
Reported Profit After Tax 37 21.10 59 71.20 --
Minority Interest After NP -- -- -- -- --
Net Profit after Minority Interest 35.30 25.20 67.90 95.90 --
Extra-ordinary Items -- -- 11.80 -- --
Adjusted Profit After Extra-ordinary item 35.30 25.20 56.20 95.90 --
EPS (Unit Curr.) 1.25 0.89 2.41 3.39 --
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- -- -- -- --
Equity 28.20 28.20 28.20 28.20 --
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(%) 12.60 7.37 13.70 19.50 --
PBDTM(%) -- -- -- -- --
PATM(%) 7.67 3.92 9 12.40 --