Hindalco Industries Financial Statements

Hindalco Industries Annually Results

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Y/e 31 Mar Mar-2020 Mar-2018 Mar-2017 Mar-2016
Growth matrix (%)        
Revenue growth 2.58 15 1.44 (5.30)
Op profit growth 3.51 11.10 43.70 (2.20)
EBIT growth 1.04 13.60 64.90 (15)
Net profit growth (38) 220 (858) (129)
Profitability ratios (%)        
OPM 12.10 12 12.40 8.76
EBIT margin 8.80 8.94 9.05 5.57
Net profit margin 3.19 5.28 1.90 (0.30)
RoCE 8.10 8.69 7.62 4.70
RoNW 1.66 3.01 1.10 (0.20)
RoA 0.73 1.28 0.40 (0.10)
Per share ratios ()        
EPS 17 27.30 8.45 --
Dividend per share 1 1.20 1.10 1
Cash EPS (6) 7.07 (11) (22)
Book value per share 262 246 207 198
Valuation ratios        
P/E 5.64 7.85 23.10 --
P/CEPS (16) 30.30 (17) (3.90)
P/B 0.36 0.87 0.94 0.44
EV/EBIDTA 4.41 6.22 7.35 8.26
Payout (%)        
Dividend payout -- 4.43 13 (82)
Tax payout (35) (32) (43) (138)
Liquidity ratios        
Debtor days 29.80 28.90 29.50 31.60
Inventory days 68 63.30 63.90 65.10
Creditor days (72) (73) (74) (69)
Leverage ratios        
Interest coverage (2.50) (2.60) (1.60) (1.10)
Net debt / equity 0.80 0.80 1.21 1.56
Net debt / op. profit 3.27 3.18 4.47 7.30
Cost breakup ()        
Material costs (58) (60) (56) (60)
Employee costs (7.50) (7.50) (8.50) (8.20)
Other costs (23) (21) (23) (23)
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Y/e 31 Mar( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Revenue 118,144 115,172 100,184 98,759
yoy growth (%) 2.58 15 1.44 (5.30)
Raw materials (68,271) (68,879) (55,661) (59,419)
As % of sales 57.80 59.80 55.60 60.20
Employee costs (8,832) (8,645) (8,546) (8,086)
As % of sales 7.48 7.51 8.53 8.19
Other costs (26,735) (23,827) (23,540) (22,600)
As % of sales 22.60 20.70 23.50 22.90
Operating profit 14,306 13,820 12,436 8,654
OPM 12.10 12 12.40 8.76
Depreciation (5,091) (4,506) (4,457) (4,347)
Interest expense (4,197) (3,911) (5,742) (5,134)
Other income 1,186 979 1,086 1,189
Profit before tax 6,204 6,383 3,323 362
Taxes (2,157) (2,074) (1,433) (498)
Tax rate (35) (32) (43) (138)
Minorities and other -- 0.05 17.40 290
Adj. profit 4,047 4,309 1,907 154
Exceptional items (284) 1,774 (7.60) (577)
Net profit 3,767 6,083 1,900 (251)
yoy growth (%) (38) 220 (858) (129)
NPM 3.19 5.28 1.90 (0.30)
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Profit before tax 6,204 6,383 3,323 362
Depreciation (5,091) (4,506) (4,457) (4,347)
Tax paid (2,157) (2,074) (1,433) (498)
Working capital 20,517 5,753 (1,289) (1,807)
Other operating items -- -- -- --
Operating cashflow 19,473 5,555 (3,856) (6,290)
Capital expenditure 92,126 71,133 61,132 35,574
Free cash flow 111,599 76,688 57,276 29,284
Equity raised 83,190 80,567 79,353 81,256
Investments (1,444) 230 2,557 (498)
Debt financing/disposal 70,468 45,645 42,254 45,154
Dividends paid -- 269 247 207
Other items -- -- -- --
Net in cash 263,813 203,400 181,686 155,402
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2019 Mar-2018 Mar-2017
Equity capital 226 226 227 227
Preference capital -- -- -- --
Reserves 58,091 57,275 54,625 45,832
Net worth 58,317 57,501 54,852 46,059
Minority interest
Debt 68,399 52,415 52,074 63,817
Deferred tax liabilities (net) 12,684 12,010 10,406 9,763
Total liabilities 139,410 121,935 117,340 119,646
Fixed assets 96,916 89,957 87,151 86,501
Intangible assets
Investments 9,411 9,012 10,781 15,157
Deferred tax asset (net) 8,923 8,360 7,352 7,731
Net working capital 2,591 4,819 3,998 1,995
Inventories 22,384 22,194 21,631 18,291
Inventory Days 69.20 -- 68.60 66.60
Sundry debtors 9,345 11,389 9,960 8,275
Debtor days 28.90 -- 31.60 30.10
Other current assets 8,993 9,633 9,432 9,659
Sundry creditors (19,522) (22,464) (21,622) (18,868)
Creditor days 60.30 -- 68.50 68.70
Other current liabilities (18,609) (15,933) (15,403) (15,362)
Cash 21,569 9,787 8,058 8,261
Total assets 139,410 121,935 117,340 119,646
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Particulars ( Rupees In Crores.) Mar-2021 Mar-2020 Mar-2019 Mar-2018 Mar-2017
Gross Sales 131,985 118,144 130,542 115,820 102,631
Excise Duty -- -- -- 637 2,448
Net Sales 131,985 118,144 130,542 115,183 100,184
Other Operating Income -- -- -- -- --
Other Income 1,354 1,190 1,127 2,879 1,111
Total Income 133,339 119,334 131,669 118,062 101,295
Total Expenditure ** 116,767 104,122 115,031 101,488 87,780
PBIDT 16,572 15,212 16,638 16,574 13,515
Interest 3,738 4,197 3,778 3,911 5,742
PBDT 12,834 11,015 12,860 12,663 7,772
Depreciation 6,628 5,091 4,777 4,506 4,457
Minority Interest Before NP -- -- -- -- --
Tax 1,881 1,541 1,910 1,664 1,321
Deferred Tax 842 616 678 410 112
Reported Profit After Tax 3,483 3,767 5,495 6,083 1,882
Minority Interest After NP -- -- (1) (0.10) --
Net Profit after Minority Interest 3,483 3,767 5,496 6,083 1,882
Extra-ordinary Items (323) (181) -- 1,323 (4.30)
Adjusted Profit After Extra-ordinary item 3,806 3,948 5,496 4,760 1,887
EPS (Unit Curr.) 15.70 16.90 24.70 27.30 9.22
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) 300 100 120 120 110
Equity 222 222 222 223 223
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 12.90 12.70 14.40 13.50
PBDTM(%) 9.72 9.32 9.85 11 7.76
PATM(%) 2.64 3.19 4.21 5.28 1.88
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