UPL Financial Statements

Switch to
Tabular Data
Graph
Switch to
Consolidated
Standalone
Y/e 31 Mar Mar-2020 Mar-2018 Mar-2017 Mar-2016
Growth matrix (%)        
Revenue growth 106 6.54 16.10 16.20
Op profit growth 93.20 17.40 24.60 1.37
EBIT growth 54.40 14.30 35.50 5.15
Net profit growth (12) 17.10 83.70 (18)
Profitability ratios (%)        
OPM 18.90 20.20 18.30 17
EBIT margin 13.60 18.10 16.90 14.50
Net profit margin 4.97 11.60 10.60 6.69
RoCE 13.80 21.10 21.80 19.60
RoNW 3.12 6.10 6.50 4
RoA 1.26 3.38 3.42 2.27
Per share ratios ()        
EPS 28.50 39.80 34.30 22.10
Dividend per share 6 8 7 5
Cash EPS (3.10) 26.40 20.80 6.16
Book value per share 252 180 146 137
Valuation ratios        
P/E 11.50 12.20 14.10 14.40
P/CEPS (106) 18.40 23.30 51.70
P/B 1.29 2.70 3.35 2.32
EV/EBIDTA 6.92 10.70 11.70 9.05
Payout (%)        
Dividend payout -- 20.10 20.60 22.80
Tax payout (17) (12) (9.30) (12)
Liquidity ratios        
Debtor days 91.50 123 120 116
Inventory days 63.20 91.30 88.90 87.40
Creditor days (102) (141) (122) (114)
Leverage ratios        
Interest coverage (3.30) (4) (3.80) (2.90)
Net debt / equity 1.17 0.41 0.47 0.69
Net debt / op. profit 3.34 1.07 1.16 1.70
Cost breakup ()        
Material costs (52) (47) (48) (48)
Employee costs (9.50) (9.90) (10) (10)
Other costs (19) (23) (24) (24)
Switch to
Tabular Data
Graph
Switch to
Consolidated
Standalone
Y/e 31 Mar( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Revenue 35,756 17,378 16,312 14,048
yoy growth (%) 106 6.54 16.10 16.20
Raw materials (18,743) (8,112) (7,816) (6,780)
As % of sales 52.40 46.70 47.90 48.30
Employee costs (3,391) (1,713) (1,627) (1,434)
As % of sales 9.48 9.86 9.97 10.20
Other costs (6,849) (4,048) (3,884) (3,439)
As % of sales 19.20 23.30 23.80 24.50
Operating profit 6,773 3,505 2,985 2,395
OPM 18.90 20.20 18.30 17
Depreciation (2,012) (675) (672) (676)
Interest expense (1,481) (783) (735) (704)
Other income 104 321 444 316
Profit before tax 3,384 2,368 2,022 1,331
Taxes (586) (275) (189) (165)
Tax rate (17) (12) (9.30) (12)
Minorities and other (402) (8) (6) (12)
Adj. profit 2,396 2,085 1,827 1,154
Exceptional items (623) (63) (81) (129)
Net profit 1,776 2,022 1,727 940
yoy growth (%) (12) 17.10 83.70 (18)
NPM 4.97 11.60 10.60 6.69
Switch to
Tabular Data
Graph
Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Profit before tax 3,384 2,368 2,022 1,331
Depreciation (2,012) (675) (672) (676)
Tax paid (586) (275) (189) (165)
Working capital 10,865 4,613 3,295 2,024
Other operating items -- -- -- --
Operating cashflow 11,651 6,031 4,456 2,514
Capital expenditure 41,503 5,392 3,362 2,055
Free cash flow 53,154 11,423 7,818 4,569
Equity raised 21,047 11,542 10,493 10,239
Investments (265) 239 (647) (402)
Debt financing/disposal 31,135 9,398 10,042 7,412
Dividends paid -- 407 355 214
Other items -- -- -- --
Net in cash 105,072 33,010 28,061 22,033
Switch to
Tabular Data
Graph
Switch to
Consolidated
Standalone
Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2019 Mar-2018 Mar-2017
Equity capital 3,139 102 102 101
Preference capital -- -- -- 82
Reserves 16,143 14,613 9,067 7,214
Net worth 19,282 14,715 9,169 7,397
Minority interest
Debt 29,386 29,139 6,638 6,361
Deferred tax liabilities (net) 2,777 2,197 88 169
Total liabilities 54,757 49,505 15,914 13,960
Fixed assets 37,394 34,004 5,756 4,863
Intangible assets
Investments 558 708 1,034 378
Deferred tax asset (net) 1,655 731 529 670
Net working capital 8,398 11,211 5,701 5,154
Inventories 7,850 9,133 4,538 4,156
Inventory Days 80.10 -- 95.30 93
Sundry debtors 11,867 11,679 6,056 5,656
Debtor days 121 -- 127 127
Other current assets 4,007 4,060 2,236 1,763
Sundry creditors (10,411) (9,917) (5,830) (4,913)
Creditor days 106 -- 122 110
Other current liabilities (4,915) (3,744) (1,299) (1,508)
Cash 6,752 2,851 2,894 2,895
Total assets 54,757 49,505 15,914 13,960
Switch to
Consolidated
Standalone


Particulars ( Rupees In Crores.) Sep-2020 Jun-2020 Mar-2020 Dec-2019 Sep-2019
Gross Sales 8,939 7,833 11,141 8,892 7,817
Excise Duty -- -- -- -- --
Net Sales 8,939 7,833 11,141 8,892 7,817
Other Operating Income -- -- -- -- --
Other Income 75 67 21 20 24
Total Income 9,014 7,900 11,162 8,912 7,841
Total Expenditure ** 7,483 6,026 9,408 6,865 6,675
PBIDT 1,531 1,874 1,754 2,047 1,166
Interest 343 551 187 515 381
PBDT 1,188 1,323 1,567 1,532 785
Depreciation 533 522 595 495 476
Minority Interest Before NP -- -- -- -- --
Tax 201 301 257 48 268
Deferred Tax (89) (158) (46) 151 (169)
Reported Profit After Tax 543 658 761 838 210
Minority Interest After NP 74 102 167 129 36
Net Profit after Minority Interest 463 551 617 701 166
Extra-ordinary Items (146) (16) (126) (61) (40)
Adjusted Profit After Extra-ordinary item 609 567 743 762 206
EPS (Unit Curr.) 6.07 7.20 8.08 9.16 2.18
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- -- -- -- --
Equity 153 153 153 153 153
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(%) 17.10 23.90 15.70 23 14.90
PBDTM(%) 13.30 16.90 14.10 17.20 10
PATM(%) 6.07 8.40 6.83 9.42 2.69