GNA Axles Financial Statements

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Y/e 31 Mar Mar-2020 Mar-2018 Mar-2017 Mar-2016
Growth matrix (%)        
Revenue growth 35.60 30.50 0.96 --
Op profit growth 20.90 28.10 (2.30) --
EBIT growth 2.86 36.60 6.86 --
Net profit growth 3.68 72 14.10 --
Profitability ratios (%)        
OPM 13.70 15.40 15.70 16.20
EBIT margin 9.18 12.10 11.60 10.90
Net profit margin 5.80 7.59 5.76 5.10
RoCE 14.80 18 17 --
RoNW 3.34 3.98 3.40 --
RoA 2.34 2.82 2.12 --
Per share ratios ()        
EPS 24.60 23.70 13.80 17.10
Dividend per share -- 2 -- --
Cash EPS 4.83 12.10 2.62 (0.80)
Book value per share 208 159 138 91.20
Valuation ratios        
P/E 5.70 18.30 15.80 --
P/CEPS 29 35.80 83.20 --
P/B 0.67 2.73 1.58 --
EV/EBIDTA 3.76 9.90 6.16 --
Payout (%)        
Dividend payout -- 8.44 -- --
Tax payout (24) (31) (37) (34)
Liquidity ratios        
Debtor days 107 114 122 --
Inventory days 60 71.90 71.70 --
Creditor days (81) (108) (129) --
Leverage ratios        
Interest coverage (6.10) (11) (4.70) (3.40)
Net debt / equity 0.39 0.34 0.15 1
Net debt / op. profit 1.39 1.13 0.56 1.68
Cost breakup ()        
Material costs (65) (63) (62) (62)
Employee costs (4.50) (4.80) (5.30) (4.70)
Other costs (17) (16) (17) (17)
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Y/e 31 Mar( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Revenue 909 670 513 509
yoy growth (%) 35.60 30.50 0.96 --
Raw materials (591) (425) (319) (318)
As % of sales 65 63.40 62 62.40
Employee costs (41) (32) (27) (24)
As % of sales 4.49 4.75 5.28 4.66
Other costs (153) (110) (87) (85)
As % of sales 16.80 16.50 17 16.70
Operating profit 125 103 80.40 82.30
OPM 13.70 15.40 15.70 16.20
Depreciation (42) (25) (24) (27)
Interest expense (14) (7.10) (13) (16)
Other income 1.27 2.88 2.90 0.42
Profit before tax 69.80 74 46.90 39.30
Taxes (17) (23) (17) (13)
Tax rate (24) (31) (37) (34)
Minorities and other -- -- -- --
Adj. profit 52.70 50.90 29.60 25.90
Exceptional items -- -- -- --
Net profit 52.70 50.90 29.60 25.90
yoy growth (%) 3.68 72 14.10 --
NPM 5.80 7.59 5.76 5.10
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Profit before tax 69.80 74 46.90 39.30
Depreciation (42) (25) (24) (27)
Tax paid (17) (23) (17) (13)
Working capital 201 30.90 (31) --
Other operating items -- -- -- --
Operating cashflow 211 57 (25) --
Capital expenditure 221 83.60 (84) --
Free cash flow 432 141 (109) --
Equity raised 502 549 566 --
Investments -- -- -- --
Debt financing/disposal 55.70 61.80 (15) --
Dividends paid -- 4.29 -- --
Other items -- -- -- --
Net in cash 990 755 442 --
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2019 Mar-2018 Mar-2017
Equity capital 21.50 21.50 21.50 21.50
Preference capital -- -- -- --
Reserves 425 380 320 275
Net worth 447 402 341 297
Minority interest
Debt 194 170 142 117
Deferred tax liabilities (net) 0.55 3.30 2.03 2.49
Total liabilities 641 575 486 417
Fixed assets 305 245 191 134
Intangible assets
Investments -- -- -- --
Deferred tax asset (net) -- -- -- --
Net working capital 314 330 269 210
Inventories 145 161 154 110
Inventory Days 58.20 -- 83.70 78.40
Sundry debtors 296 312 235 182
Debtor days 119 -- 128 130
Other current assets 52.90 63.80 76.40 77.90
Sundry creditors (166) (188) (183) (152)
Creditor days 66.70 -- 99.70 108
Other current liabilities (14) (19) (14) (8.50)
Cash 21.10 0.37 26.10 72.50
Total assets 641 575 486 417
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Particulars ( Rupees In Crores.) Mar-2020 Mar-2019 Mar-2018 Mar-2017 Mar-2016
Gross Sales 909 928 678 541 537
Excise Duty -- -- 7.41 27.90 28.20
Net Sales 909 928 670 513 509
Other Operating Income -- -- -- -- --
Other Income 1.29 0.40 2.88 2.90 0.42
Total Income 910 929 673 516 509
Total Expenditure ** 785 783 567 433 426
PBIDT 126 145 106 83.30 82.70
Interest 13.60 8.11 7.10 12.50 16.30
PBDT 112 137 98.80 70.80 66.50
Depreciation 42.40 34.70 24.80 23.90 27.20
Minority Interest Before NP -- -- -- -- --
Tax 19.80 35.50 23.60 17.30 13.40
Deferred Tax (2.80) 1.28 (0.50) -- --
Reported Profit After Tax 52.70 65.80 50.90 29.60 25.90
Minority Interest After NP -- -- -- -- --
Net Profit after Minority Interest 52.70 65.80 50.90 29.60 25.90
Extra-ordinary Items -- -- -- -- --
Adjusted Profit After Extra-ordinary item 52.70 65.80 50.90 29.60 25.90
EPS (Unit Curr.) 24.60 30.70 23.70 13.80 17.10
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- 27.50 20 -- --
Equity 21.50 21.50 21.50 21.50 15.20
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(%) 13.80 15.70 15.80 16.20 16.30
PBDTM(%) 12.30 14.80 14.70 13.80 13.10
PATM(%) 5.80 7.09 7.59 5.76 5.10