Gujarat Gas Financial Statements

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Y/e 31 Mar Mar-2018 Mar-2017 Mar-2016 Mar-2015
Growth matrix (%)        
Revenue growth 21.20 (17) (32) --
Op profit growth 20.40 2.14 (34) --
EBIT growth 28.60 (2.90) (46) --
Net profit growth 32.60 16.10 (57) --
Profitability ratios (%)        
OPM 14.50 14.60 11.90 12.30
EBIT margin 10.70 10.10 8.66 10.80
Net profit margin 4.74 4.33 3.11 4.96
RoCE 12.70 10.30 10.10 --
RoNW 4.14 3.46 2.69 --
RoA 1.41 1.10 0.90 --
Per share ratios ()        
EPS 21.20 16 13.80 31.20
Dividend per share 4 3 2.50 5
Cash EPS 1.50 (2.70) (4) 15.20
Book value per share 136 121 111 146
Valuation ratios        
P/E 7.82 9.58 7.96 --
P/CEPS 111 (58) (27) --
P/B 1.22 1.27 0.99 --
EV/EBIDTA 14.60 16.70 12.70 --
Payout (%)        
Dividend payout 18.80 18.70 18.10 18.60
Tax payout (37) (28) (23) (31)
Liquidity ratios        
Debtor days 21.80 23.20 19.80 --
Inventory days 2.91 2.97 2.46 --
Creditor days (33) (31) (27) --
Leverage ratios        
Interest coverage (3.40) (2.50) (2.10) (2.90)
Net debt / equity 1.17 1.38 1.50 1.49
Net debt / op. profit 2.44 3.09 3.15 2.71
Cost breakup ()        
Material costs (76) (75) (80) (83)
Employee costs (2.30) (2.50) (2.10) (1.30)
Other costs (7.50) (7.50) (5.50) (3.40)
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Y/e 31 Mar( In .Cr) Mar-2018 Mar-2017 Mar-2016 Mar-2015
Revenue 6,174 5,093 6,106 9,006
yoy growth (%) 21.20 (17) (32) --
Raw materials (4,678) (3,838) (4,914) (7,478)
As % of sales 75.80 75.40 80.50 83
Employee costs (139) (128) (129) (115)
As % of sales 2.25 2.52 2.11 1.28
Other costs (462) (383) (335) (309)
As % of sales 7.49 7.52 5.48 3.43
Operating profit 895 743 728 1,104
OPM 14.50 14.60 11.90 12.30
Depreciation (272) (257) (245) (238)
Interest expense (196) (209) (247) (331)
Other income 37.10 27.70 46.70 107
Profit before tax 464 305 281 642
Taxes (172) (84) (66) (198)
Tax rate (37) (28) (23) (31)
Minorities and other -- -- -- 2.96
Adj. profit 292 221 216 448
Exceptional items -- -- (26) (1)
Net profit 292 221 190 447
yoy growth (%) 32.60 16.10 (57) --
NPM 4.74 4.33 3.11 4.96
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Y/e 31 Mar ( In .Cr) Mar-2018 Mar-2017 Mar-2016 Mar-2015
Profit before tax 464 305 281 642
Depreciation (272) (257) (245) (238)
Tax paid (172) (84) (66) (198)
Working capital (652) (99) 98.50 --
Other operating items -- -- -- --
Operating cashflow (632) (135) 68.80 --
Capital expenditure 1,352 458 (458) --
Free cash flow 720 323 (390) --
Equity raised 3,364 2,732 2,756 --
Investments (1,077) (52) 52.20 --
Debt financing/disposal 3,269 1,048 12.30 --
Dividends paid 55.10 41.30 34.40 68.80
Other items -- -- -- --
Net in cash 6,331 4,092 2,465 --
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Y/e 31 Mar ( In .Cr) Mar-2019 Mar-2018 Mar-2017 Mar-2016
Equity capital 138 138 138 138
Preference capital -- -- -- --
Reserves 2,068 1,729 1,526 1,386
Net worth 2,205 1,866 1,664 1,523
Minority interest
Debt 2,213 2,328 2,359 2,357
Deferred tax liabilities (net) 1,137 1,093 1,055 1,031
Total liabilities 5,555 5,288 5,078 4,911
Fixed assets 5,779 5,572 5,409 5,141
Intangible assets
Investments 42.10 40.70 91.60 144
Deferred tax asset (net) 50 42.70 65.50 40.30
Net working capital (629) (508) (553) (482)
Inventories 69.40 56.80 41.70 41.30
Inventory Days -- 3.36 2.99 2.47
Sundry debtors 510 392 348 300
Debtor days -- 23.20 24.90 18
Other current assets 444 460 421 375
Sundry creditors (534) (459) (492) (252)
Creditor days -- 27.10 35.30 15.10
Other current liabilities (1,118) (958) (871) (946)
Cash 313 140 64.50 68
Total assets 5,555 5,288 5,078 4,911
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Particulars ( Rupees In Crores.) Mar-2020 Mar-2019 Mar-2018 Mar-2017 Mar-2016
Gross Sales 10,526 7,962 6,339 5,238 6,245
Excise Duty 226 208 165 145 140
Net Sales 10,300 7,754 6,174 5,093 6,106
Other Operating Income -- -- -- -- --
Other Income 83.90 113 37.10 27.70 46.70
Total Income 10,384 7,867 6,211 5,120 6,152
Total Expenditure ** 8,666 6,788 5,279 4,349 5,404
PBIDT 1,718 1,080 932 771 749
Interest 192 196 196 209 247
PBDT 1,526 884 736 562 501
Depreciation 318 288 272 257 245
Minority Interest Before NP -- -- -- -- --
Tax 294 133 121 64.90 52.10
Deferred Tax (285) 44.70 50.60 19.20 13.70
Reported Profit After Tax 1,199 418 292 221 190
Minority Interest After NP -- -- -- -- --
Net Profit after Minority Interest 1,199 418 292 221 190
Extra-ordinary Items -- (13) -- -- (19)
Adjusted Profit After Extra-ordinary item 1,199 431 292 221 209
EPS (Unit Curr.) 17.40 6.08 21.20 16 13.80
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) 62.50 50 40 30 25
Equity 138 138 138 138 138
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(%) 16.70 13.90 15.10 15.10 12.30
PBDTM(%) 14.80 11.40 11.90 11 8.21
PATM(%) 11.60 5.40 4.74 4.33 3.11