ISMT Financial Statements

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Y/e 31 Mar Mar-2020 Mar-2017 Mar-2016 Mar-2015
Growth matrix (%)        
Revenue growth 10.10 18.60 (33) (4.60)
Op profit growth 71.20 1,069 (86) (62)
EBIT growth (303) (80) 69.70 99.30
Net profit growth (15) (29) 110 (3.10)
Profitability ratios (%)        
OPM 5.86 3.77 0.38 1.86
EBIT margin 1.79 (1) (5.80) (2.30)
Net profit margin (18) (23) (39) (12)
RoCE 1.43 (0.60) (2.80) (1.60)
RoNW 7.91 27 (156) (20)
RoA (3.60) (3.50) (4.70) (2.20)
Per share ratios ()        
EPS -- -- -- --
Dividend per share -- -- -- --
Cash EPS (21) (24) (32) (18)
Book value per share (76) (28) (8) 16.60
Valuation ratios        
P/E -- -- -- --
P/CEPS (0.10) (0.50) (0.20) (0.50)
P/B -- (0.50) (0.90) 0.55
EV/EBIDTA 23.50 42.70 132 39.10
Payout (%)        
Dividend payout -- -- -- --
Tax payout (0.80) -- 2.77 (1.10)
Liquidity ratios        
Debtor days 54.60 57.50 67.10 58.80
Inventory days 99.40 103 139 110
Creditor days (32) (34) (48) (45)
Leverage ratios        
Interest coverage (0.10) 0.04 0.21 0.14
Net debt / equity (1.80) (5.30) (18) 6.62
Net debt / op. profit 26.50 47.50 536 56.90
Cost breakup ()        
Material costs (51) (47) (53) (53)
Employee costs (11) (10) (12) (8.90)
Other costs (32) (39) (35) (36)
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Y/e 31 Mar( In .Cr) Mar-2020 Mar-2017 Mar-2016 Mar-2015
Revenue 1,325 1,204 1,015 1,523
yoy growth (%) 10.10 18.60 (33) (4.60)
Raw materials (673) (565) (540) (812)
As % of sales 50.70 46.90 53.20 53.30
Employee costs (147) (122) (120) (136)
As % of sales 11.10 10.20 11.80 8.92
Other costs (428) (471) (351) (547)
As % of sales 32.30 39.10 34.60 35.90
Operating profit 77.60 45.30 3.88 28.40
OPM 5.86 3.77 0.38 1.86
Depreciation (66) (66) (75) (79)
Interest expense (275) (270) (282) (239)
Other income 11.60 9.31 12.70 16.40
Profit before tax (251) (282) (341) (274)
Taxes 1.95 -- (9.40) 3.08
Tax rate (0.80) -- 2.77 (1.10)
Minorities and other (0.10) 0.02 0.03 0.04
Adj. profit (249) (282) (350) (271)
Exceptional items 8.87 0.29 (44) 82.80
Net profit (240) (282) (395) (188)
yoy growth (%) (15) (29) 110 (3.10)
NPM (18) (23) (39) (12)
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2017 Mar-2016 Mar-2015
Profit before tax (251) (282) (341) (274)
Depreciation (66) (66) (75) (79)
Tax paid 1.95 -- (9.40) 3.08
Working capital (817) 271 42.70 (82)
Other operating items -- -- -- --
Operating cashflow (1,132) (77) (383) (432)
Capital expenditure 773 280 312 211
Free cash flow (358) 203 (70) (221)
Equity raised (421) 282 562 503
Investments -- 0.02 (0.10) --
Debt financing/disposal 1,381 1,174 1,018 339
Dividends paid -- -- -- --
Other items -- -- -- --
Net in cash 601 1,659 1,510 621
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2019 Mar-2018 Mar-2017
Equity capital 73.30 73.30 73.30 73.30
Preference capital -- -- -- --
Reserves (1,188) (943) (719) (478)
Net worth (1,115) (870) (646) (405)
Minority interest
Debt 2,138 2,197 2,215 2,203
Deferred tax liabilities (net) 247 247 247 235
Total liabilities 1,270 1,575 1,816 2,034
Fixed assets 1,517 1,534 1,227 1,286
Intangible assets
Investments -- -- 0.02 0.02
Deferred tax asset (net) 329 329 329 317
Net working capital (656) (367) 206 379
Inventories 388 350 346 334
Inventory Days 107 -- -- 101
Sundry debtors 199 250 226 198
Debtor days 54.70 -- -- 59.90
Other current assets 133 149 499 492
Sundry creditors (112) (105) (107) (108)
Creditor days 30.90 -- -- 32.70
Other current liabilities (1,263) (1,010) (758) (537)
Cash 80.10 79.30 54.40 51.30
Total assets 1,270 1,575 1,816 2,034
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Particulars ( Rupees In Crores.) Mar-2020 Mar-2019 Mar-2018 Mar-2017 Mar-2016
Gross Sales 1,300 1,823 1,532 1,178 1,097
Excise Duty -- -- -- -- 106
Net Sales 1,300 1,823 1,532 1,178 992
Other Operating Income 25 30.70 25.70 25.70 23.20
Other Income 20.50 7.39 14.60 9.60 12.70
Total Income 1,346 1,861 1,572 1,213 1,027
Total Expenditure ** 1,248 1,763 1,478 1,158 1,055
PBIDT 98.10 97.70 94.20 54.90 (28)
Interest 275 278 277 270 282
PBDT (177) (180) (182) (215) (310)
Depreciation 65.60 56.90 61.40 66.30 75.10
Minority Interest Before NP -- -- -- -- --
Tax (2) -- (1) 0.01 9.43
Deferred Tax -- -- -- -- --
Reported Profit After Tax (240) (237) (243) (282) (395)
Minority Interest After NP 0.06 -- -- -- --
Net Profit after Minority Interest (240) (237) (243) (282) (395)
Extra-ordinary Items 8.87 (25) 4.03 0.29 (43)
Adjusted Profit After Extra-ordinary item (249) (212) (247) (282) (351)
EPS (Unit Curr.) (16) (16) (17) (19) (27)
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- -- -- -- --
Equity 73.30 73.30 73.30 73.30 73.30
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(%) 7.55 5.36 6.15 4.66 (2.80)
PBDTM(%) (14) (9.90) (12) (18) (31)
PATM(%) (18) (13) (16) (24) (40)