I G Petrochemicals Financial Statements

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Y/e 31 Mar Mar-2020 Mar-2018 Mar-2017 Mar-2016
Growth matrix (%)        
Revenue growth (7.50) 10.30 8.88 --
Op profit growth (73) 58.90 48.70 --
EBIT growth (80) 63.20 51.40 --
Net profit growth (86) 43.80 68.70 --
Profitability ratios (%)        
OPM 6.79 23.40 16.20 11.90
EBIT margin 4.55 21.40 14.50 10.40
Net profit margin 1.97 12.80 9.79 6.32
RoCE 6.07 41.80 32.60 --
RoNW 0.90 7.94 7.43 --
RoA 0.66 6.22 5.52 --
Per share ratios ()        
EPS 6.78 47.40 33 19.10
Dividend per share 2 4 3 2
Cash EPS (2.90) 39.10 26.10 13.80
Book value per share 205 171 127 94.60
Valuation ratios        
P/E 13.70 13.50 11.40 5.38
P/CEPS (32) 16.40 14.40 7.44
P/B 0.45 3.75 2.95 1.09
EV/EBIDTA 5.97 7.53 7.05 3.57
Payout (%)        
Dividend payout -- 8.44 9.10 12.30
Tax payout (34) (37) (23) (21)
Liquidity ratios        
Debtor days 48.60 46 45.50 --
Inventory days 32.70 30.50 32.70 --
Creditor days (65) (67) (68) --
Leverage ratios        
Interest coverage (3) (16) (8.20) (4.40)
Net debt / equity 0.29 0.12 0.13 0.34
Net debt / op. profit 2.52 0.24 0.31 0.88
Cost breakup ()        
Material costs (77) (64) (72) (77)
Employee costs (5.70) (4.90) (3.80) (3.10)
Other costs (10) (8.20) (7.60) (8)
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Y/e 31 Mar( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Revenue 1,059 1,144 1,037 953
yoy growth (%) (7.50) 10.30 8.88 --
Raw materials (817) (728) (751) (734)
As % of sales 77.20 63.60 72.40 77
Employee costs (60) (56) (39) (30)
As % of sales 5.68 4.87 3.76 3.12
Other costs (109) (94) (79) (76)
As % of sales 10.30 8.18 7.62 7.96
Operating profit 71.80 267 168 113
OPM 6.79 23.40 16.20 11.90
Depreciation (30) (26) (21) (18)
Interest expense (16) (15) (18) (23)
Other income 6.24 3.68 3.17 3.60
Profit before tax 32.20 230 132 76.50
Taxes (11) (84) (30) (16)
Tax rate (34) (37) (23) (21)
Minorities and other -- -- -- --
Adj. profit 21.20 146 102 60.20
Exceptional items (0.30) -- -- --
Net profit 20.90 146 102 60.20
yoy growth (%) (86) 43.80 68.70 --
NPM 1.97 12.80 9.79 6.32
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Profit before tax 32.20 230 132 76.50
Depreciation (30) (26) (21) (18)
Tax paid (11) (84) (30) (16)
Working capital 41.10 (2.80) 2.83 --
Other operating items -- -- -- --
Operating cashflow 32.30 118 83.40 --
Capital expenditure 243 103 (103) --
Free cash flow 275 221 (20) --
Equity raised 842 724 765 --
Investments 11.70 42.80 (43) --
Debt financing/disposal 173 58.60 -- --
Dividends paid -- 12.30 9.24 6.16
Other items -- -- -- --
Net in cash 1,302 1,058 712 --
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2019 Mar-2018 Mar-2017
Equity capital 30.80 30.80 30.80 30.80
Preference capital -- -- -- --
Reserves 602 598 497 361
Net worth 633 629 528 392
Minority interest
Debt 230 194 86.70 82.20
Deferred tax liabilities (net) 63.80 55.90 46.10 39.30
Total liabilities 927 879 661 513
Fixed assets 811 672 492 335
Intangible assets
Investments 11.80 70.30 59.60 16.80
Deferred tax asset (net) 0.90 0.29 8.97 37.30
Net working capital 53.80 99.90 78.20 94
Inventories 95.10 129 94.40 96.60
Inventory Days 32.80 -- 30.10 34
Sundry debtors 143 183 139 150
Debtor days 49.40 -- 44.30 52.70
Other current assets 51.20 55.50 53.10 30.10
Sundry creditors (200) (230) (150) (171)
Creditor days 68.80 -- 47.80 60.10
Other current liabilities (36) (38) (58) (12)
Cash 49.30 36.30 21.70 29.90
Total assets 927 879 661 513
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Particulars ( Rupees In Crores.) Sep-2020 Jun-2020 Mar-2020 Dec-2019 Sep-2019
Gross Sales 242 142 269 276 267
Excise Duty -- -- -- -- --
Net Sales 242 142 269 276 267
Other Operating Income -- -- -- -- --
Other Income 0.77 0.93 1.87 1.03 1.30
Total Income 243 143 270 277 268
Total Expenditure ** 201 127 253 258 252
PBIDT 42.50 16 17.60 18.20 15.60
Interest 4.13 4.15 4.16 4.10 3.29
PBDT 38.40 11.90 13.40 14.10 12.30
Depreciation 7.88 8 7.44 7.31 7.30
Minority Interest Before NP -- -- -- -- --
Tax 6.80 0.94 (3.70) 1.97 1.26
Deferred Tax 0.55 0.69 5.71 0.34 0.39
Reported Profit After Tax 23.20 2.23 3.96 4.47 3.38
Minority Interest After NP -- -- -- -- --
Net Profit after Minority Interest 23.20 2.23 3.96 4.47 3.38
Extra-ordinary Items -- (0.40) -- -- --
Adjusted Profit After Extra-ordinary item 23.20 2.59 3.97 4.47 3.38
EPS (Unit Curr.) 7.52 0.72 1.28 1.45 1.10
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- -- -- -- --
Equity 30.80 30.80 30.80 30.80 30.80
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(%) 17.50 11.30 6.55 6.60 5.86
PBDTM(%) 15.80 8.34 5.01 5.12 4.63
PATM(%) 9.56 1.57 1.47 1.62 1.27