Praj Industries Financial Statements

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Y/e 31 Mar Mar-2020 Mar-2018 Mar-2017 Mar-2016
Growth matrix (%)        
Revenue growth 20.30 0.17 (11) 1.13
Op profit growth 51.50 (25) (40) 22.70
EBIT growth 59.20 (21) (36) 20.90
Net profit growth 78.30 (11) (46) 8.13
Profitability ratios (%)        
OPM 7.08 5.62 7.51 11.10
EBIT margin 7.82 5.91 7.52 10.50
Net profit margin 6.39 4.31 4.87 8.06
RoCE 11.40 7.16 9.54 15.60
RoNW 2.44 1.38 1.63 3.23
RoA 2.32 1.31 1.55 3
Per share ratios ()        
EPS 3.85 2.18 2.49 4.30
Dividend per share 2.70 1.62 1.62 1.62
Cash EPS 2.65 0.85 1.25 3.23
Book value per share 39.30 40.10 39.50 36.80
Valuation ratios        
P/E 14.30 36.90 32.10 20.80
P/CEPS 20.80 94.50 63.90 27.70
P/B 1.40 2 2.02 2.42
EV/EBIDTA 8.87 17.60 15 11.50
Payout (%)        
Dividend payout 84.60 74.20 65.20 42.10
Tax payout (15) (26) (34) (22)
Liquidity ratios        
Debtor days 98.10 111 132 115
Inventory days 31.80 36.90 41 58.50
Creditor days (65) (82) (91) (77)
Leverage ratios        
Interest coverage (28) (47) (53) (53)
Net debt / equity (0.10) (0.10) (0.10) (0.10)
Net debt / op. profit (0.60) (1.40) (1) (0.60)
Cost breakup ()        
Material costs (50) (51) (51) (46)
Employee costs (15) (16) (16) (15)
Other costs (28) (27) (25) (28)
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Y/e 31 Mar( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Revenue 1,102 917 915 1,024
yoy growth (%) 20.30 0.17 (11) 1.13
Raw materials (552) (469) (467) (467)
As % of sales 50.10 51.20 51.10 45.60
Employee costs (164) (149) (148) (154)
As % of sales 14.90 16.30 16.20 15.10
Other costs (308) (246) (231) (288)
As % of sales 27.90 26.90 25.30 28.20
Operating profit 78.10 51.50 68.70 114
OPM 7.08 5.62 7.51 11.10
Depreciation (22) (24) (22) (25)
Interest expense (3.10) (1.10) (1.30) (2)
Other income 30 26.70 22.30 18.40
Profit before tax 83.10 53 67.50 105
Taxes (13) (14) (23) (23)
Tax rate (15) (26) (34) (22)
Minorities and other -- -- -- --
Adj. profit 70.40 39.50 44.60 82.50
Exceptional items -- -- -- --
Net profit 70.40 39.50 44.60 82.50
yoy growth (%) 78.30 (11) (46) 8.13
NPM 6.39 4.31 4.87 8.06
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Profit before tax 83.10 53 67.50 105
Depreciation (22) (24) (22) (25)
Tax paid (13) (14) (23) (23)
Working capital 98.50 20.60 90.70 20.20
Other operating items -- -- -- --
Operating cashflow 147 36 113 77.60
Capital expenditure 377 203 126 7.66
Free cash flow 524 239 239 85.30
Equity raised 1,183 1,198 1,194 1,113
Investments (95) 45.90 (29) 54.30
Debt financing/disposal -- (18) (6.80) (5)
Dividends paid 49.50 29.30 29.10 28.80
Other items -- -- -- --
Net in cash 1,662 1,494 1,426 1,277
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2019 Mar-2018 Mar-2017
Equity capital 36.60 36.50 36.20 35.90
Preference capital -- -- -- --
Reserves 683 708 690 674
Net worth 719 745 726 710
Minority interest
Debt -- 0.04 6.02 4.38
Deferred tax liabilities (net) 34.20 30.20 32.30 32.80
Total liabilities 754 776 765 747
Fixed assets 296 292 301 301
Intangible assets
Investments 164 211 201 134
Deferred tax asset (net) 52.20 39.50 36.50 35.30
Net working capital 193 146 146 203
Inventories 111 126 80.80 105
Inventory Days 36.80 -- 32.20 41.70
Sundry debtors 330 305 263 295
Debtor days 109 -- 105 118
Other current assets 194 215 203 276
Sundry creditors (187) (235) (176) (213)
Creditor days 62.10 -- 70.30 85.10
Other current liabilities (254) (267) (224) (260)
Cash 49.30 88 80.30 73.60
Total assets 754 776 765 747
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Particulars ( Rupees In Crores.) Sep-2020 Jun-2020 Mar-2020 Dec-2019 Sep-2019
Gross Sales 260 130 296 300 294
Excise Duty -- -- -- -- --
Net Sales 260 130 296 300 294
Other Operating Income -- -- -- -- --
Other Income 4.43 4.96 4.97 5.80 6.99
Total Income 265 135 301 306 301
Total Expenditure ** 243 143 264 275 277
PBIDT 22 (8.20) 37.20 30.80 23.70
Interest 0.73 0.77 0.79 0.76 0.76
PBDT 21.20 (9) 36.40 30 22.90
Depreciation 5.57 5.54 4.74 5.70 5.72
Minority Interest Before NP -- -- -- -- --
Tax 0.88 0.89 7.01 4.75 2.94
Deferred Tax 3.40 (4.90) (0.20) (1.10) (1.90)
Reported Profit After Tax 11.40 (11) 24.90 20.70 16.10
Minority Interest After NP -- -- -- -- --
Net Profit after Minority Interest 11.40 (11) 24.90 20.70 16.10
Extra-ordinary Items -- -- -- -- --
Adjusted Profit After Extra-ordinary item 11.40 (11) 24.90 20.70 16.10
EPS (Unit Curr.) 0.62 (0.60) 1.36 1.13 0.88
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- -- 135 -- --
Equity 36.60 36.60 36.60 36.60 36.30
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(%) 8.44 (6.30) 12.60 10.30 8.05
PBDTM(%) 8.16 (6.90) 12.30 10 7.79
PATM(%) 4.38 (8.10) 8.39 6.88 5.48