Kanoria Chemicals & Industries Financial Statements

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Y/e 31 Mar Mar-2020 Mar-2018 Mar-2017 Mar-2016
Growth matrix (%)        
Revenue growth 20.10 19.20 24.20 6.44
Op profit growth (19) 30.30 (12) 22
EBIT growth (118) 381 (45) (46)
Net profit growth (284) (195) 105 (158)
Profitability ratios (%)        
OPM 2.80 4.14 3.78 5.31
EBIT margin (0.60) 4 0.99 2.22
Net profit margin (2.60) 1.68 (2.10) (1.30)
RoCE (0.50) 3.08 0.64 1.27
RoNW (1.10) 0.60 (0.60) (0.30)
RoA (0.60) 0.32 (0.30) (0.20)
Per share ratios ()        
EPS -- 2.65 -- --
Dividend per share -- 1.50 1.50 1.50
Cash EPS (19) (7.50) (14) (9.50)
Book value per share 130 135 133 138
Valuation ratios        
P/E -- 24.80 -- --
P/CEPS (1.30) (8.80) (5) (5.60)
P/B 0.18 0.49 0.52 0.39
EV/EBIDTA 12 8.50 12.60 13
Payout (%)        
Dividend payout -- 46.70 (44) (18)
Tax payout (26) 20 (60) 412
Liquidity ratios        
Debtor days 51.10 55 52.50 52.50
Inventory days 58.60 53.30 47.70 50.40
Creditor days (55) (52) (40) (38)
Leverage ratios        
Interest coverage 0.17 (1.40) (0.30) (0.90)
Net debt / equity 0.87 0.67 0.61 0.62
Net debt / op. profit 17.50 11.40 13.30 12.40
Cost breakup ()        
Material costs (68) (67) (61) (61)
Employee costs (16) (16) (18) (17)
Other costs (14) (13) (17) (17)
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Y/e 31 Mar( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Revenue 1,005 837 702 565
yoy growth (%) 20.10 19.20 24.20 6.44
Raw materials (681) (561) (432) (342)
As % of sales 67.80 67 61.50 60.60
Employee costs (159) (130) (124) (96)
As % of sales 15.80 15.60 17.70 17
Other costs (137) (111) (120) (97)
As % of sales 13.60 13.20 17.10 17.10
Operating profit 28.10 34.60 26.60 30
OPM 2.80 4.14 3.78 5.31
Depreciation (56) (47) (45) (34)
Interest expense (37) (24) (20) (14)
Other income 21.80 45.40 25.80 16.80
Profit before tax (43) 9.64 (13) (1.40)
Taxes 11.30 1.93 7.97 (5.80)
Tax rate (26) 20 (60) 412
Minorities and other 5.76 2.48 8.92 --
Adj. profit (26) 14 3.64 (7.20)
Exceptional items -- -- (18) --
Net profit (26) 14 (15) (7.20)
yoy growth (%) (284) (195) 105 (158)
NPM (2.60) 1.68 (2.10) (1.30)
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Profit before tax (43) 9.64 (13) (1.40)
Depreciation (56) (47) (45) (34)
Tax paid 11.30 1.93 7.97 (5.80)
Working capital 130 141 77.80 59.30
Other operating items -- -- -- --
Operating cashflow 42 106 27.10 17.80
Capital expenditure 226 661 383 50.30
Free cash flow 268 767 410 68
Equity raised 764 1,042 1,026 1,064
Investments 15.80 (288) (155) (73)
Debt financing/disposal 401 314 280 352
Dividends paid -- 6.55 6.55 1.33
Other items -- -- -- --
Net in cash 1,449 1,843 1,569 1,412
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2019 Mar-2018 Mar-2017
Equity capital 21.90 21.90 21.90 21.90
Preference capital -- -- -- --
Reserves 547 577 566 558
Net worth 569 599 588 580
Minority interest
Debt 539 509 440 408
Deferred tax liabilities (net) 72.50 75.30 74.40 69.30
Total liabilities 1,192 1,199 1,108 1,066
Fixed assets 909 892 812 769
Intangible assets
Investments 25.50 47.50 62.90 100
Deferred tax asset (net) 35.20 26.20 26.40 16.90
Net working capital 176 188 160 126
Inventories 181 190 141 103
Inventory Days 65.90 -- 61.70 53.50
Sundry debtors 144 146 138 114
Debtor days 52.30 -- 60 59.50
Other current assets 66.80 79.20 76.70 69.60
Sundry creditors (162) (152) (130) (98)
Creditor days 58.80 -- 56.90 51.20
Other current liabilities (55) (75) (66) (62)
Cash 46.70 45.60 46.90 53.30
Total assets 1,192 1,199 1,108 1,066
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Particulars ( Rupees In Crores.) Sep-2020 Jun-2020 Mar-2020 Dec-2019 Sep-2019
Gross Sales 247 133 265 235 249
Excise Duty -- -- -- -- --
Net Sales 247 133 265 235 249
Other Operating Income -- -- -- -- --
Other Income 1.06 6 (1.30) 13.30 5.80
Total Income 248 139 264 248 254
Total Expenditure ** 231 140 248 231 250
PBIDT 16.90 (0.20) 15.90 17 4.06
Interest 9.27 8.81 10.40 9.50 8.80
PBDT 7.60 (9) 5.52 7.51 (4.70)
Depreciation 14.90 14.40 14.80 14.50 13.20
Minority Interest Before NP -- -- -- -- --
Tax -- 0.05 0.38 0.05 (1)
Deferred Tax 0.20 (0.40) (0.40) (2.10) (9.40)
Reported Profit After Tax (7.50) (23) (9.30) (4.90) (7.60)
Minority Interest After NP (0.10) (1.60) (1.30) (1.10) (1.50)
Net Profit after Minority Interest (7.40) (21) (8) (3.80) (6.10)
Extra-ordinary Items -- (0.80) -- -- --
Adjusted Profit After Extra-ordinary item (7.40) (21) (8) (3.80) (6.10)
EPS (Unit Curr.) (1.70) (4.90) (1.80) (0.90) (1.40)
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- -- -- -- --
Equity 21.90 21.90 21.90 21.90 21.90
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(%) 6.84 (0.10) 6.01 7.25 1.63
PBDTM(%) 3.08 (6.70) 2.08 3.20 (1.90)
PATM(%) (3) (17) (3.50) (2.10) (3)