Switch to
Tabular Data
Graph
Switch to
Consolidated
Standalone
Y/e 31 Mar Mar-2017 Mar-2016 Mar-2015 Mar-2014
Growth matrix (%)        
Revenue growth 33 (8.30) (6.40) 7.35
Op profit growth (2.70) 5.30 10.30 (4.80)
EBIT growth (2.10) (9.50) 14.40 (15)
Net profit growth 172 (3,300) (97) (1,178)
Profitability ratios (%)        
OPM 62.70 85.60 74.60 63.30
EBIT margin 68.10 92.50 93.70 76.70
Net profit margin (12) (5.80) 0.17 4.84
RoCE 10.90 11 11.90 10.50
RoNW (1) (0.30) 0.01 0.34
RoA (0.50) (0.20) 0.01 0.17
Per share ratios ()        
EPS -- -- 0.20 2.77
Dividend per share -- -- -- 1
Cash EPS (9.30) (3.70) (1.20) 1.80
Book value per share 224 232 234 232
Valuation ratios        
P/E -- -- 500 41.70
P/CEPS (9.80) (28) (80) 64.30
P/B 0.41 0.45 0.43 0.50
EV/EBIDTA 6.51 6.13 5.77 6.88
Payout (%)        
Dividend payout -- -- -- 37.10
Tax payout 5.54 (35) (81) 225
Liquidity ratios        
Debtor days 154 149 154 140
Inventory days 1,095 1,803 1,885 1,555
Creditor days (288) (1,174) (652) (365)
Leverage ratios        
Interest coverage (0.90) (1) (1) (1)
Net debt / equity 1.08 0.93 1.01 1.02
Net debt / op. profit 5.18 4.52 5.22 5.75
Cost breakup ()        
Material costs 27.40 49 52.30 52.80
Employee costs (4.20) (4.90) (5.60) (5.20)
Other costs (60) (58) (72) (84)
Switch to
Tabular Data
Graph
Switch to
Consolidated
Standalone
Y/e 31 Mar( In .Cr) Mar-2017 Mar-2016 Mar-2015 Mar-2014
Revenue 541 407 443 473
yoy growth (%) 33 (8.30) (6.40) 7.35
Raw materials 148 199 232 250
As % of sales 27.40 49 52.30 52.80
Employee costs (23) (20) (25) (25)
As % of sales 4.23 4.91 5.64 5.20
Other costs (327) (238) (319) (399)
As % of sales 60.50 58.50 72 84.30
Operating profit 339 348 331 300
OPM 62.70 85.60 74.60 63.30
Depreciation (3.30) (3.70) (9.80) (9.80)
Interest expense (422) (383) (403) (357)
Other income 32.60 31.50 94.60 73.40
Profit before tax (54) (7) 12 6.58
Taxes (3) 2.47 (9.80) 14.80
Tax rate 5.54 (35) (81) 225
Minorities and other (7.50) (20) 1.65 1.34
Adj. profit (64) (24) 3.90 22.70
Exceptional items 0.01 0.57 (3.20) 0.22
Net profit (64) (24) 0.74 22.90
yoy growth (%) 172 (3,300) (97) (1,178)
NPM (12) (5.80) 0.17 4.84
Switch to
Tabular Data
Graph
Y/e 31 Mar ( In .Cr) Mar-2017 Mar-2016 Mar-2015 Mar-2014
Profit before tax (54) (7) 12 6.58
Depreciation (3.30) (3.70) (9.80) (9.80)
Tax paid (3) 2.47 (9.80) 14.80
Working capital (505) (1,464) (549) --
Other operating items -- -- -- --
Operating cashflow (565) (1,472) (557) 11.50
Capital expenditure (226) (162) (39) --
Free cash flow (791) (1,634) (596) 11.50
Equity raised 3,157 3,254 3,227 3,219
Investments 1,354 1,471 (45) --
Debt financing/disposal 1,435 836 991 937
Dividends paid -- -- -- 7.27
Other items -- -- -- --
Net in cash 5,156 3,927 3,578 4,175
Switch to
Tabular Data
Graph
Switch to
Consolidated
Standalone
Y/e 31 Mar ( In .Cr) Mar-2017 Mar-2016 Mar-2015 Mar-2014
Equity capital 72.70 72.70 72.70 72.70
Preference capital -- -- -- --
Reserves 1,553 1,617 1,626 1,617
Net worth 1,626 1,690 1,699 1,690
Minority interest
Debt 1,765 1,605 1,780 1,767
Deferred tax liabilities (net) 11.30 10 0.28 0.22
Total liabilities 3,424 3,327 3,498 3,476
Fixed assets 104 116 168 212
Intangible assets
Investments 1,711 1,723 286 368
Deferred tax asset (net) 45.20 42.10 30.10 35
Net working capital 1,552 1,413 2,958 2,819
Inventories 1,670 1,574 2,442 2,136
Inventory Days 1,128 1,413 2,011 1,647
Sundry debtors 306 150 182 192
Debtor days 207 135 150 148
Other current assets 1,093 1,056 1,875 1,918
Sundry creditors (168) (150) (226) (176)
Creditor days 114 135 186 136
Other current liabilities (1,349) (1,217) (1,315) (1,251)
Cash 11 31.90 56.30 42.10
Total assets 3,424 3,327 3,498 3,476
Switch to
Consolidated
Standalone


Particulars ( Rupees In Crores.) Mar-2018 Mar-2017 Mar-2016 Mar-2015 Mar-2014
Gross Sales 562 543 407 619 391
Excise Duty -- -- -- -- --
Net Sales 562 543 407 619 391
Other Operating Income -- -- -- 11.70 82
Other Income 291 32.90 31.60 98.20 73.40
Total Income 853 575 438 729 547
Total Expenditure ** 494 174 58.50 300 174
PBIDT 359 401 380 429 373
Interest 380 424 383 403 357
PBDT (21) (23) (3.30) 25.30 16.40
Depreciation 3.17 3.25 3.67 9.80 9.85
Minority Interest Before NP -- -- -- -- --
Tax 7.59 4.85 (3.60) 4.77 8.43
Deferred Tax (9.30) 0.89 1.15 5.01 (23)
Reported Profit After Tax (23) (32) (4.50) 5.76 21.40
Minority Interest After NP (0.20) (1.60) -- (0.50) (0.30)
Net Profit after Minority Interest (30) (39) (24) 0.74 22.90
Extra-ordinary Items -- -- -- 1.30 --
Adjusted Profit After Extra-ordinary item (30) (39) (24) (0.60) 22.90
EPS (Unit Curr.) (4.20) (5.60) (3.40) 0.10 3.15
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- -- -- -- --
Equity 72.70 72.70 72.70 72.70 72.70
Public Shareholding (Number) -- -- -- 18,424,055 12,735,871
Public Shareholding (%) -- -- -- 25.30 17.50
Pledged/Encumbered - No. of Shares -- -- -- 49,626,779 43,504,000
Pledged/Encumbered - % in Total Promoters Holding -- -- -- 91.40 72.50
Pledged/Encumbered - % in Total Equity -- -- -- 68.20 59.80
Non Encumbered - No. of Shares -- -- -- 4,685,037 16,496,000
Non Encumbered - % in Total Promoters Holding -- -- -- 8.63 27.50
Non Encumbered - % in Total Equity -- -- -- 6.44 22.70
PBIDTM(%) 63.90 73.90 93.40 69.30 95.30
PBDTM(%) (3.80) (4.20) (0.80) 4.10 4.19
PATM(%) (4) (5.80) (1.10) 0.93 5.46