Parnax Lab Financial Statements

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Y/e 31 Mar Mar-2020 Mar-2018 Mar-2017 Mar-2016
Growth matrix (%)        
Revenue growth (9.70) 11.30 33.20 (31)
Op profit growth (35) (24) 30.60 (17)
EBIT growth (64) (24) 23.90 (21)
Net profit growth (377) (71) 46.90 (41)
Profitability ratios (%)        
OPM 6.75 9.38 13.70 14
EBIT margin 2.76 6.96 10.20 10.90
Net profit margin (3.10) 1 3.89 3.52
RoCE 3.26 9.88 13 10.80
RoNW (2.20) 0.83 3.12 2.38
RoA (0.90) 0.35 1.24 0.87
Per share ratios ()        
EPS -- 1.24 4.34 2.95
Dividend per share -- -- -- --
Cash EPS (8.70) (3.20) (0.10) (0.50)
Book value per share 38.60 38.20 36.90 32.50
Valuation ratios        
P/E -- 35.90 13.50 11.30
P/CEPS (1.40) (14) (735) (73)
P/B 0.31 1.16 1.59 1.02
EV/EBIDTA 8.49 6.57 6.59 6.53
Payout (%)        
Dividend payout -- -- -- --
Tax payout 48.20 (65) (22) (28)
Liquidity ratios        
Debtor days 79.90 64.60 73.30 110
Inventory days 36 27 28 35
Creditor days (38) (29) (24) (37)
Leverage ratios        
Interest coverage (0.60) (1.70) (2) (1.80)
Net debt / equity 1.52 1.08 1.22 1.50
Net debt / op. profit 7.76 3.54 2.95 4.15
Cost breakup ()        
Material costs (47) (52) (53) (53)
Employee costs (15) (11) (9.70) (10)
Other costs (31) (28) (24) (22)
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Y/e 31 Mar( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Revenue 95.30 105 94.80 71.20
yoy growth (%) (9.70) 11.30 33.20 (31)
Raw materials (45) (55) (50) (38)
As % of sales 47.50 52 52.70 53.10
Employee costs (14) (12) (9.20) (7.50)
As % of sales 14.80 11.10 9.73 10.50
Other costs (30) (29) (23) (16)
As % of sales 31 27.50 23.90 22.40
Operating profit 6.43 9.90 13 9.97
OPM 6.75 9.38 13.70 14
Depreciation (4.50) (3.70) (3.80) (2.90)
Interest expense (4.60) (4.30) (4.90) (4.30)
Other income 0.66 1.19 0.37 0.70
Profit before tax (2) 3.02 4.71 3.48
Taxes (0.90) (2) (1) (1)
Tax rate 48.20 (65) (22) (28)
Minorities and other -- -- -- --
Adj. profit (2.90) 1.05 3.68 2.51
Exceptional items -- -- -- --
Net profit (2.90) 1.05 3.68 2.51
yoy growth (%) (377) (71) 46.90 (41)
NPM (3.10) 1 3.89 3.52
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Profit before tax (2) 3.02 4.71 3.48
Depreciation (4.50) (3.70) (3.80) (2.90)
Tax paid (0.90) (2) (1) (1)
Working capital 16.60 8.01 (1.20) (1.30)
Other operating items -- -- -- --
Operating cashflow 9.22 5.33 (1.30) (1.60)
Capital expenditure 28 4.41 (0.10) 4.33
Free cash flow 37.20 9.74 (1.40) 2.68
Equity raised 36.70 32.90 31.60 33.30
Investments (0.50) (0.50) (0.50) 0.05
Debt financing/disposal 31.50 24.20 18.70 25.80
Dividends paid -- -- -- --
Other items -- -- -- --
Net in cash 105 66.30 48.40 61.80
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2019 Mar-2018 Mar-2017
Equity capital 8.50 8.50 8.50 8.50
Preference capital -- -- -- --
Reserves 24.30 27.20 24 22.90
Net worth 32.80 35.70 32.50 31.40
Minority interest
Debt 51.20 41.90 36.60 39.50
Deferred tax liabilities (net) 4.07 3.90 4.44 4.11
Total liabilities 88.20 81.70 73.70 75
Fixed assets 60.60 51.20 43.70 47.30
Intangible assets
Investments 0.22 0.21 0.23 0.34
Deferred tax asset (net) 2.38 3.19 3.77 3.92
Net working capital 23.70 26.40 24.30 22.30
Inventories 11.20 8.47 7.67 7.94
Inventory Days 42.70 -- 26.50 30.60
Sundry debtors 23.10 19.20 18.70 18.70
Debtor days 88.40 -- 64.60 71.80
Other current assets 10.80 15 15.50 10.10
Sundry creditors (11) (7.30) (7.70) (7.70)
Creditor days 41.50 -- 26.60 29.50
Other current liabilities (11) (9) (9.80) (6.80)
Cash 1.30 0.60 1.61 1.13
Total assets 88.20 81.60 73.70 75
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Particulars ( Rupees In Crores.) Mar-2020 Mar-2019 Mar-2018 Mar-2017 Mar-2016
Gross Sales 95.30 109 106 94.80 71.20
Excise Duty -- -- -- -- --
Net Sales 95.30 109 106 94.80 71.20
Other Operating Income -- -- -- -- --
Other Income 0.66 2.11 1.34 0.37 0.70
Total Income 96 111 107 95.20 71.90
Total Expenditure ** 88.90 98.60 95.70 81.80 61.20
PBIDT 7.09 12.30 11.10 13.40 10.70
Interest 4.60 3.89 4.35 4.92 4.29
PBDT 2.49 8.44 6.76 8.46 6.38
Depreciation 4.46 3.82 3.74 3.75 2.90
Minority Interest Before NP -- -- -- -- --
Tax -- 1.25 1.49 1.31 1.33
Deferred Tax 0.98 0.07 0.48 (0.30) (0.40)
Reported Profit After Tax (2.90) 3.31 1.06 3.69 2.51
Minority Interest After NP -- 0.01 -- -- 0.01
Net Profit after Minority Interest (2.90) 3.30 1.05 3.69 2.50
Extra-ordinary Items -- -- -- -- --
Adjusted Profit After Extra-ordinary item (2.90) 3.30 1.05 3.69 2.50
EPS (Unit Curr.) (3.40) 3.89 1.24 4.34 2.94
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- -- -- -- --
Equity 8.50 8.50 8.50 8.50 8.50
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(%) 7.44 11.30 10.50 14.10 15
PBDTM(%) 2.61 7.76 6.41 8.92 8.96
PATM(%) (3.10) 3.04 1 3.89 3.53