HOV Services Financial Statements

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Y/e 31 Mar Mar-2020 Mar-2018 Mar-2017 Mar-2016
Growth matrix (%)        
Revenue growth (19) (12) 1.86 (7.60)
Op profit growth 1,049 152 (72) (116)
EBIT growth (11) 1,332 (46) (119)
Net profit growth (72) (102) (47) 77.50
Profitability ratios (%)        
OPM 20.90 1.47 0.51 1.89
EBIT margin 27.20 24.50 1.51 2.83
Net profit margin 6.11 17.50 (943) (1,819)
RoCE 0.57 0.63 0.12 0.09
RoNW 0.04 0.16 (20) (15)
RoA 0.03 0.11 (18) (15)
Per share ratios ()        
EPS 0.53 1.90 -- --
Dividend per share -- -- -- --
Cash EPS 0.09 1.05 (117) (221)
Book value per share 26.80 571 27.20 269
Valuation ratios        
P/E 43.80 122 -- --
P/CEPS 252 221 (1.50) (0.40)
P/B 0.87 0.40 6.57 0.29
EV/EBIDTA 8.25 65.70 207 72.10
Payout (%)        
Dividend payout -- -- -- --
Tax payout (36) (23) 151 246
Liquidity ratios        
Debtor days 169 116 113 115
Inventory days -- -- -- --
Creditor days (45) (29) (26) (30)
Leverage ratios        
Interest coverage (4.20) (13) (0.40) (0.70)
Net debt / equity -- -- 0.05 0.01
Net debt / op. profit -- (3.10) 23.40 12
Cost breakup ()        
Material costs -- -- -- --
Employee costs (62) (67) (65) (69)
Other costs (17) (31) (34) (29)
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Y/e 31 Mar( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Revenue 11 13.60 15.40 15.20
yoy growth (%) (19) (12) 1.86 (7.60)
Raw materials -- -- -- --
As % of sales -- -- -- --
Employee costs (6.80) (9.10) (10) (10)
As % of sales 61.80 67.10 65.20 68.90
Other costs (1.90) (4.30) (5.30) (4.40)
As % of sales 17.30 31.50 34.30 29.20
Operating profit 2.29 0.20 0.08 0.29
OPM 20.90 1.47 0.51 1.89
Depreciation (0.60) (1.10) (0.90) (1)
Interest expense (0.70) (0.30) (0.60) (0.60)
Other income 1.24 4.20 1.01 1.12
Profit before tax 2.26 3.08 (0.40) (0.20)
Taxes (0.80) (0.70) (0.60) (0.40)
Tax rate (36) (23) 151 246
Minorities and other (0.80) -- (145) (275)
Adj. profit 0.67 2.38 (146) (276)
Exceptional items -- -- -- --
Net profit 0.67 2.38 (146) (276)
yoy growth (%) (72) (102) (47) 77.50
NPM 6.11 17.50 (943) (1,819)
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Profit before tax 2.26 3.08 (0.40) (0.20)
Depreciation (0.60) (1.10) (0.90) (1)
Tax paid (0.80) (0.70) (0.60) (0.40)
Working capital (19) (1.70) 2.48 2.22
Other operating items -- -- -- --
Operating cashflow (18) (0.40) 0.65 0.63
Capital expenditure 9.76 6.36 5.47 0.28
Free cash flow (8.60) 5.94 6.12 0.91
Equity raised 220 903 323 1,166
Investments (165) 782 (141) (240)
Debt financing/disposal 3.64 (2.30) 3.70 1.98
Dividends paid -- -- -- --
Other items -- -- -- --
Net in cash 50 1,689 192 929
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2019 Mar-2018 Mar-2017
Equity capital 12.60 12.60 12.50 12.50
Preference capital -- -- -- --
Reserves 21.20 431 704 21.50
Net worth 33.70 444 716 34
Minority interest
Debt 3.64 4.29 5.22 12.90
Deferred tax liabilities (net) -- 159 287 --
Total liabilities 37.40 607 1,009 46.90
Fixed assets 10.30 10.20 10.70 11.80
Intangible assets
Investments 26.60 586 987 20.30
Deferred tax asset (net) 1.64 1.97 1.99 2.19
Net working capital (4.80) 1.17 2.80 1.54
Inventories -- -- -- --
Inventory Days -- -- -- --
Sundry debtors 5.82 2.81 4.31 4.34
Debtor days 194 -- 116 103
Other current assets 3.63 1.45 1.24 2.75
Sundry creditors (1) (0.90) (1.10) (1)
Creditor days 34.30 -- 29.50 24.40
Other current liabilities (13) (2.10) (1.70) (4.50)
Cash 3.68 7.13 5.84 11
Total assets 37.40 607 1,009 46.90
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Particulars ( Rupees In Crores.) Mar-2020 Sep-2019 Mar-2019 Sep-2018 Mar-2011
Gross Sales 5.30 5.67 5.26 5.28 339
Excise Duty -- -- -- -- --
Net Sales 5.30 5.67 5.26 5.28 339
Other Operating Income -- -- -- -- (0.80)
Other Income 0.72 0.52 0.40 0.56 1
Total Income 6.02 6.19 5.66 5.84 339
Total Expenditure ** 4.79 4.66 4.92 5.37 291
PBIDT 1.23 1.53 0.74 0.47 48
Interest 0.49 0.23 -- -- 15.60
PBDT 0.74 1.30 0.74 0.47 32.40
Depreciation 0.10 0.45 0.28 0.25 15.90
Minority Interest Before NP -- -- -- -- --
Tax 0.48 0.33 0.23 0.28 (1)
Deferred Tax 0.02 -- 0.02 -- 0.05
Reported Profit After Tax 0.14 0.53 0.22 -- 17.40
Minority Interest After NP -- -- -- -- --
Net Profit after Minority Interest 0.14 0.53 0.22 -- 17.40
Extra-ordinary Items -- -- -- -- --
Adjusted Profit After Extra-ordinary item 0.14 0.53 0.22 -- 17.40
EPS (Unit Curr.) 0.11 0.42 0.17 -- 13.90
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- -- -- -- --
Equity 12.60 12.60 12.60 12.60 12.50
Public Shareholding (Number) -- -- -- -- 6,421,943
Public Shareholding (%) -- -- -- -- 51.40
Pledged/Encumbered - No. of Shares -- -- -- -- --
Pledged/Encumbered - % in Total Promoters Holding -- -- -- -- --
Pledged/Encumbered - % in Total Equity -- -- -- -- --
Non Encumbered - No. of Shares -- -- -- -- 6,069,079
Non Encumbered - % in Total Promoters Holding -- -- -- -- 100
Non Encumbered - % in Total Equity -- -- -- -- 48.60
PBIDTM(%) 23.20 27 14.10 8.90 14.20
PBDTM(%) -- -- -- -- --
PATM(%) 2.64 9.35 4.18 (0.80) 5.13