Kavit Industries Financial Statements

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Y/e 31 Mar Mar-2018 Mar-2017 Mar-2016 Mar-2015
Growth matrix (%)        
Revenue growth (58) 423 5,379 --
Op profit growth (81) (1,397) 81.30 --
EBIT growth (1.40) 315 83.10 --
Net profit growth (46) 445 54.10 --
Profitability ratios (%)        
OPM 0.32 0.72 (0.30) (8.70)
EBIT margin 1.80 0.76 0.96 28.80
Net profit margin 0.65 0.50 0.48 17.20
RoCE 1.77 1.83 0.45 --
RoNW 0.17 0.34 0.06 --
RoA 0.16 0.30 0.06 --
Per share ratios ()        
EPS 0.08 0.14 0.03 0.02
Dividend per share -- -- -- --
Cash EPS 0.05 0.13 0.01 --
Book value per share 11.80 10.60 10.60 14.20
Valuation ratios        
P/E 198 190 288 544
P/CEPS 320 201 645 (545)
P/B 1.34 2.50 0.82 0.77
EV/EBIDTA 68.50 119 153 187
Payout (%)        
Dividend payout -- -- -- --
Tax payout (18) (33) (39) (31)
Liquidity ratios        
Debtor days 430 166 128 --
Inventory days 3.40 1.25 3.39 --
Creditor days (119) (73) (189) --
Leverage ratios        
Interest coverage (72) (64) (6) (10)
Net debt / equity 0.07 0.08 0.14 0.05
Net debt / op. profit 22.90 4.13 (94) (64)
Cost breakup ()        
Material costs (96) (99) (98) (59)
Employee costs (0.90) (0.10) (0.30) (7.70)
Other costs (2.70) (0.40) (1.60) (42)
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Y/e 31 Mar( In .Cr) Mar-2018 Mar-2017 Mar-2016 Mar-2015
Revenue 74.10 178 34 0.62
yoy growth (%) (58) 423 5,379 --
Raw materials (71) (175) (33) (0.40)
As % of sales 96 98.80 98.30 58.80
Employee costs (0.70) (0.20) (0.10) --
As % of sales 0.95 0.12 0.30 7.75
Other costs (2) (0.70) (0.60) (0.30)
As % of sales 2.69 0.37 1.65 42.10
Operating profit 0.24 1.27 (0.10) (0.10)
OPM 0.32 0.72 (0.30) (8.70)
Depreciation (0.20) (0.10) (0.10) (0.20)
Interest expense -- -- (0.10) --
Other income 1.27 0.16 0.51 0.43
Profit before tax 1.32 1.33 0.27 0.16
Taxes (0.20) (0.40) (0.10) --
Tax rate (18) (33) (39) (31)
Minorities and other -- -- -- --
Adj. profit 1.08 0.90 0.17 0.11
Exceptional items (0.60) -- -- --
Net profit 0.48 0.90 0.16 0.11
yoy growth (%) (46) 445 54.10 --
NPM 0.65 0.50 0.48 17.20
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Y/e 31 Mar ( In .Cr) Mar-2018 Mar-2017 Mar-2016 Mar-2015
Profit before tax 1.32 1.33 0.27 0.16
Depreciation (0.20) (0.10) (0.10) (0.20)
Tax paid (0.20) (0.40) (0.10) --
Working capital 54.40 99.10 (99) --
Other operating items -- -- -- --
Operating cashflow 55.30 99.90 (99) --
Capital expenditure 4.66 (2.10) 2.12 --
Free cash flow 60 97.80 (97) --
Equity raised 45.60 6.36 7.10 --
Investments (3.50) 0.01 -- --
Debt financing/disposal 10.90 16.80 16.80 --
Dividends paid -- -- -- --
Other items -- -- -- --
Net in cash 113 121 (73) --
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Y/e 31 Mar ( In .Cr) Mar-2019 Mar-2018 Mar-2017 Mar-2016
Equity capital 61.90 61.90 62 61.90
Preference capital -- -- -- --
Reserves 12.90 11.30 3.81 3.42
Net worth 74.80 73.30 65.80 65.40
Minority interest
Debt 4.12 6.22 6.01 10.80
Deferred tax liabilities (net) 0.01 0.02 0.02 --
Total liabilities 79 79.50 71.80 76.10
Fixed assets 8.62 8.90 2.49 2.47
Intangible assets
Investments 0.01 0.01 0.52 0.51
Deferred tax asset (net) 0.02 -- -- --
Net working capital 69.40 69.90 68 71.60
Inventories 0.85 0.59 0.79 0.43
Inventory Days -- 2.91 1.62 4.62
Sundry debtors 57 35.20 139 22.10
Debtor days -- 174 286 237
Other current assets 157 162 74.90 84.60
Sundry creditors (45) (13) (35) (35)
Creditor days -- 64.60 72.40 378
Other current liabilities (100) (115) (112) (0.30)
Cash 0.91 0.74 0.77 1.58
Total assets 79 79.50 71.80 76.10
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Particulars ( Rupees In Crores.) Sep-2020 Jun-2020 Mar-2020 Dec-2019 Sep-2019
Gross Sales 25.90 3.41 55.70 17.20 17.80
Excise Duty -- -- -- -- --
Net Sales 25.90 3.41 55.70 17.20 17.80
Other Operating Income -- -- -- -- --
Other Income 0.47 0.54 (7.10) 8.89 1.54
Total Income 26.40 3.95 48.60 26.10 19.40
Total Expenditure ** 26.20 3.64 47.50 24.30 17.60
PBIDT 0.27 0.32 1.08 1.82 1.74
Interest 0.12 -- 0.20 -- 0.01
PBDT 0.15 0.32 0.89 1.82 1.73
Depreciation 0.06 0.06 0.08 0.08 0.08
Minority Interest Before NP -- -- -- -- --
Tax 0.02 0.07 0.26 0.51 0.34
Deferred Tax -- -- -- -- --
Reported Profit After Tax 0.07 0.19 0.59 1.24 1.32
Minority Interest After NP -- -- -- -- --
Net Profit after Minority Interest 0.07 0.19 0.59 1.24 1.32
Extra-ordinary Items -- -- -- -- --
Adjusted Profit After Extra-ordinary item 0.07 0.19 0.59 1.24 1.32
EPS (Unit Curr.) 0.01 0.03 0.10 0.20 0.21
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- -- -- -- --
Equity 61.90 61.90 61.90 61.90 61.90
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(%) 1.04 9.38 1.94 10.60 9.75
PBDTM(%) 0.58 9.38 1.60 10.60 9.70
PATM(%) 0.27 5.57 1.06 7.21 7.40