L t foods ltd Stock/Share Price, Latest BSE/NSE L t foods ltd Financial Summary at www.indiainfoline.com

Y/e 31 Mar	Mar-2020	Mar-2018	Mar-2017	Mar-2016
Growth matrix (%)
Revenue growth	14.70	11.40	9.13	8.73
Op profit growth	24.50	5.53	0.45	35.20
EBIT growth	14.60	3.67	12.80	18.70
Net profit growth	37	14.90	62.50	(0.50)
Profitability ratios (%)
OPM	11.40	10.50	11	12
EBIT margin	10.10	10.10	10.80	10.50
Net profit margin	4.45	3.73	3.61	2.43
RoCE	13.50	14.20	15.60	14.30
RoNW	3.47	3.65	4.88	3.61
RoA	1.50	1.32	1.30	0.83
Per share ratios ()
EPS	6.23	4.52	4.85	27.20
Dividend per share	0.50	0.15	0.15	1.50
Cash EPS	2.91	2.64	2.33	7.72
Book value per share	46.30	36.90	24.90	201
Valuation ratios
P/E	3.21	19	13.60	0.83
P/CEPS	6.87	32.40	28.40	2.93
P/B	0.43	2.33	2.65	0.11
EV/EBIDTA	4.68	10.30	8.19	5.97
Payout (%)
Dividend payout	--	3.56	3.43	5.57
Tax payout	(27)	(33)	(33)	(29)
Liquidity ratios
Debtor days	47.90	47	47.20	42.60
Inventory days	153	160	154	163
Creditor days	(30)	(31)	(23)	(17)
Leverage ratios
Interest coverage	(3.20)	(2.50)	(2.20)	(2.10)
Net debt / equity	1.17	1.29	2.36	2.92
Net debt / op. profit	3.70	4.02	4.38	4.39
Cost breakup ()
Material costs	(74)	(74)	(74)	(71)
Employee costs	(4.30)	(3.70)	(3.60)	(3)
Other costs	(10)	(12)	(11)	(14)

Y/e 31 Mar( In .Cr)	Mar-2020	Mar-2018	Mar-2017	Mar-2016
Revenue	4,146	3,614	3,245	2,973
yoy growth (%)	14.70	11.40	9.13	8.73
Raw materials	(3,067)	(2,671)	(2,410)	(2,105)
As % of sales	74	73.90	74.30	70.80
Employee costs	(180)	(135)	(117)	(90)
As % of sales	4.35	3.74	3.60	3.02
Other costs	(428)	(429)	(360)	(422)
As % of sales	10.30	11.90	11.10	14.20
Operating profit	471	378	358	357
OPM	11.40	10.50	11	12
Depreciation	(91)	(50)	(55)	(52)
Interest expense	(132)	(147)	(157)	(148)
Other income	37.90	36.20	48.10	6.26
Profit before tax	285	218	194	164
Taxes	(78)	(71)	(65)	(47)
Tax rate	(27)	(33)	(33)	(29)
Minorities and other	(15)	(9.80)	(12)	(0.40)
Adj. profit	192	136	118	116
Exceptional items	(4.20)	--	--	(44)
Net profit	185	135	117	72.10
yoy growth (%)	37	14.90	62.50	(0.50)
NPM	4.45	3.73	3.61	2.43

Y/e 31 Mar ( In .Cr)	Mar-2020	Mar-2018	Mar-2017	Mar-2016
Revenue	2,350	2,141	2,052	1,821
yoy growth (%)	9.76	4.37	12.60	--
Raw materials	(1,938)	(1,757)	(1,679)	(1,386)
As % of sales	82.50	82.10	81.80	76.10
Employee costs	(63)	(57)	(50)	(41)
As % of sales	2.66	2.68	2.46	2.27
Other costs	(178)	(185)	(169)	(256)
As % of sales	7.57	8.66	8.26	14
Operating profit	171	141	153	138
OPM	7.30	6.61	7.45	7.60
Depreciation	(26)	(18)	(23)	(26)
Interest expense	(60)	(85)	(107)	(91)
Other income	27.70	15.50	24.50	25.50
Profit before tax	113	53.60	47.40	46.70
Taxes	(27)	(12)	(18)	(16)
Tax rate	(24)	(22)	(37)	(35)
Minorities and other	--	--	--	--
Adj. profit	85.20	42	29.90	30.30
Exceptional items	--	--	--	0.11
Net profit	85.20	42	29.90	30.40
yoy growth (%)	103	40.30	(1.60)	(0.90)
NPM	3.62	1.96	1.46	1.67

Y/e 31 Mar ( In .Cr)	Mar-2020	Mar-2018	Mar-2017	Mar-2016
Profit before tax	285	218	194	164
Depreciation	(91)	(50)	(55)	(52)
Tax paid	(78)	(71)	(65)	(47)
Working capital	1,136	852	353	73.90
Other operating items	--	--	--	--
Operating cashflow	1,252	948	427	139
Capital expenditure	1,065	495	216	107
Free cash flow	2,316	1,443	644	245
Equity raised	1,499	1,252	810	807
Investments	30.10	9.45	9.27	1.30
Debt financing/disposal	802	349	231	166
Dividends paid	--	4.80	4.02	4.02
Other items	--	--	--	--
Net in cash	4,648	3,059	1,698	1,224

Y/e 31 Mar ( In .Cr)	Mar-2020	Mar-2019	Mar-2018	Mar-2017
Equity capital	32	32	32	26.70
Preference capital	--	--	--	--
Reserves	1,449	1,297	1,147	638
Net worth	1,481	1,329	1,179	665
Minority interest
Debt	1,764	1,690	1,548	1,610
Deferred tax liabilities (net)	2.74	12.50	10.80	0.75
Total liabilities	3,366	3,137	2,793	2,323
Fixed assets	923	643	594	413
Intangible assets
Investments	33.40	36.10	14.30	14.30
Deferred tax asset (net)	34.60	21.10	17.40	12.10
Net working capital	2,350	2,399	2,139	1,842
Inventories	1,750	1,891	1,729	1,447
Inventory Days	154	--	175	163
Sundry debtors	620	535	468	463
Debtor days	54.50	--	47.30	52.10
Other current assets	435	421	416	345
Sundry creditors	(261)	(275)	(339)	(215)
Creditor days	23	--	34.20	24.20
Other current liabilities	(194)	(173)	(135)	(198)
Cash	24.90	37.70	29.10	41.50
Total assets	3,366	3,137	2,793	2,323

Select Period

Particulars ( Rupees In Crores.)	Sep-2020	Jun-2020	Mar-2020	Dec-2019	Sep-2019
Gross Sales	1,209	1,215	1,198	996	972
Excise Duty	--	--	--	--	--
Net Sales	1,209	1,215	1,198	996	972
Other Operating Income	--	--	--	--	--
Other Income	9.48	5.28	18.80	1.36	12.70
Total Income	1,218	1,221	1,217	998	984
Total Expenditure **	1,059	1,060	1,069	881	873
PBIDT	159	161	147	117	111
Interest	23	27.30	35.60	28.10	31.20
PBDT	136	134	112	88.60	79.90
Depreciation	27.70	24.60	29.30	21.50	20.80
Minority Interest Before NP	--	--	--	--	--
Tax	35.10	24.90	29.40	19.90	16.40
Deferred Tax	(4)	1.70	(5.20)	(1)	(4.60)
Reported Profit After Tax	77.50	82.70	58.30	48.20	47.40
Minority Interest After NP	4.95	3.81	4.36	2.78	4.94
Net Profit after Minority Interest	72.50	78.80	54	45.40	42.40
Extra-ordinary Items	--	--	(0.20)	--	(2.80)
Adjusted Profit After Extra-ordinary item	72.50	78.80	54.20	45.40	45.20
EPS (Unit Curr.)	2.27	2.46	1.69	1.42	1.33
Book Value (Unit Curr.)	--	--	--	--	--
Dividend (%)	50	--	--	50	--
Equity	32	32	32	32	32
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(%)	13.20	13.30	12.30	11.70	11.40
PBDTM(%)	11.30	11	9.34	8.89	8.23
PATM(%)	6.41	6.80	4.87	4.84	4.87

QuickLinks for L T Foods Ltd.

Y/e 31 Mar ( In .Cr)	Mar-2020	Mar-2019	Mar-2018	Mar-2017
Equity capital	32	32	32	26.70
Preference capital	--	--	--	--
Reserves	839	810	749	337
Net worth	871	842	781	363
Minority interest
Debt	568	664	686	884
Deferred tax liabilities (net)	3.99	11	5.11	6.38
Total liabilities	1,443	1,517	1,472	1,254
Fixed assets	210	218	194	167
Intangible assets
Investments	128	128	87.30	64.50
Deferred tax asset (net)	6.35	1.07	0.79	0.59
Net working capital	1,094	1,159	1,181	1,013
Inventories	844	899	862	688
Inventory Days	131	--	147	122
Sundry debtors	247	310	350	325
Debtor days	38.40	--	59.70	57.90
Other current assets	169	132	106	116
Sundry creditors	(113)	(125)	(98)	(57)
Creditor days	17.50	--	16.60	10.20
Other current liabilities	(54)	(56)	(40)	(60)
Cash	4.85	10.40	8.56	9.57
Total assets	1,443	1,517	1,472	1,254

L T Foods Financial Statements