ISGEC Heavy Engineering Financial Statements

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Y/e 31 Mar Mar-2020 Mar-2018 Mar-2017 Mar-2016
Growth matrix (%)        
Revenue growth 54.40 (3.20) (13) 14.10
Op profit growth (0.70) (24) 16.40 30.70
EBIT growth (5.70) (33) 21.60 51.70
Net profit growth (6.90) (35) 31 56.80
Profitability ratios (%)        
OPM 5.04 7.83 10 7.46
EBIT margin 4.40 7.21 10.50 7.48
Net profit margin 2.50 4.15 6.18 4.10
RoCE 11.20 16.30 23.70 21.10
RoNW 2.24 2.98 5.30 4.93
RoA 1.59 2.35 3.49 2.89
Per share ratios ()        
EPS 20.50 229 335 259
Dividend per share 2 16 30 20
Cash EPS 6.44 104 227 148
Book value per share 256 1,878 1,705 1,399
Valuation ratios        
P/E 12.50 2.84 1.80 1.58
P/CEPS 39.60 6.25 2.66 2.76
P/B 1 0.35 0.35 0.29
EV/EBIDTA 7.44 13.30 9.57 8.14
Payout (%)        
Dividend payout 10 7.48 5.49 4.79
Tax payout (30) (33) (32) (33)
Liquidity ratios        
Debtor days 91.30 109 119 99.90
Inventory days 63.50 92.20 91.80 70.20
Creditor days (83) (132) (147) (115)
Leverage ratios        
Interest coverage (6.30) (12) (9.50) (6.30)
Net debt / equity 0.41 -- 0.17 0.34
Net debt / op. profit 2.63 (0.20) 0.55 1.04
Cost breakup ()        
Material costs (60) (57) (55) (63)
Employee costs (7.20) (9) (8.40) (6.70)
Other costs (28) (27) (27) (23)
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Y/e 31 Mar( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Revenue 5,852 3,791 3,917 4,510
yoy growth (%) 54.40 (3.20) (13) 14.10
Raw materials (3,491) (2,149) (2,144) (2,837)
As % of sales 59.70 56.70 54.70 62.90
Employee costs (422) (340) (327) (303)
As % of sales 7.21 8.97 8.36 6.72
Other costs (1,645) (1,006) (1,054) (1,033)
As % of sales 28.10 26.50 26.90 22.90
Operating profit 295 297 392 336
OPM 5.04 7.83 10 7.46
Depreciation (99) (81) (75) (76)
Interest expense (41) (22) (43) (54)
Other income 62 57.30 93.60 76.60
Profit before tax 216 251 367 284
Taxes (66) (83) (119) (93)
Tax rate (30) (33) (32) (33)
Minorities and other (4.30) (11) (6.20) (5.70)
Adj. profit 146 157 242 185
Exceptional items -- -- -- --
Net profit 146 157 242 185
yoy growth (%) (6.90) (35) 31 56.80
NPM 2.50 4.15 6.18 4.10
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Profit before tax 216 251 367 284
Depreciation (99) (81) (75) (76)
Tax paid (66) (83) (119) (93)
Working capital 1,017 357 (363) 32.30
Other operating items -- -- -- --
Operating cashflow 1,068 444 (190) 147
Capital expenditure 507 518 313 128
Free cash flow 1,575 962 123 275
Equity raised 2,293 1,863 1,759 1,683
Investments (99) 193 553 206
Debt financing/disposal 1,020 53.20 57.60 178
Dividends paid 14.70 11.80 11 8.85
Other items -- -- -- --
Net in cash 4,803 3,083 2,504 2,351
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2019 Mar-2018 Mar-2017
Equity capital 7.35 7.35 7.35 7.35
Preference capital -- -- -- --
Reserves 1,874 1,508 1,374 1,246
Net worth 1,881 1,515 1,381 1,254
Minority interest
Debt 991 304 174 356
Deferred tax liabilities (net) 29 22.90 21.40 26.10
Total liabilities 2,955 1,913 1,648 1,696
Fixed assets 1,617 767 660 642
Intangible assets
Investments 92.20 155 371 697
Deferred tax asset (net) 27.50 22.10 17.50 22.50
Net working capital 1,004 828 359 193
Inventories 1,196 1,209 840 1,076
Inventory Days 74.60 -- 80.90 100
Sundry debtors 1,793 1,893 1,136 1,133
Debtor days 112 -- 109 106
Other current assets 1,104 957 578 424
Sundry creditors (1,414) (1,489) (1,115) (1,420)
Creditor days 88.20 -- 107 132
Other current liabilities (1,675) (1,741) (1,080) (1,020)
Cash 214 140 240 142
Total assets 2,955 1,914 1,648 1,696
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Particulars ( Rupees In Crores.) Sep-2020 Jun-2020 Mar-2020 Dec-2019 Sep-2019
Gross Sales 1,345 1,071 1,541 1,686 1,431
Excise Duty -- -- -- -- --
Net Sales 1,345 1,071 1,541 1,686 1,431
Other Operating Income -- -- -- -- --
Other Income 7.09 4.10 18.70 29.30 4.69
Total Income 1,352 1,075 1,560 1,715 1,435
Total Expenditure ** 1,204 979 1,489 1,593 1,352
PBIDT 148 96.40 70.70 122 83.10
Interest 13.90 12.90 14.20 9.72 8.18
PBDT 134 83.50 56.50 112 74.90
Depreciation 26.50 27 26.90 26.10 23.50
Minority Interest Before NP -- -- -- -- --
Tax 27.20 18.30 10.90 25 13.70
Deferred Tax 2.12 (3.60) 5.25 (2.70) (7.60)
Reported Profit After Tax 77.80 41.90 13.40 63.80 45.30
Minority Interest After NP 0.85 0.64 (0.90) 5.12 0.19
Net Profit after Minority Interest 77 41.20 14.30 58.70 45.10
Extra-ordinary Items -- -- -- -- --
Adjusted Profit After Extra-ordinary item 77 41.20 14.30 58.70 45.10
EPS (Unit Curr.) 10.50 5.61 1.94 7.98 6.14
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- -- -- 200 --
Equity 7.35 7.35 7.35 7.35 7.35
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(%) 11 9 4.59 7.23 5.81
PBDTM(%) 9.94 7.80 3.66 6.65 5.24
PATM(%) 5.79 3.91 0.87 3.79 3.17