Praj Industries Financial Statements

Switch to
Tabular Data
Graph
Switch to
Consolidated
Standalone
Y/e 31 Mar Mar-2018 Mar-2017 Mar-2016 Mar-2015
Growth matrix (%)        
Revenue growth 0.17 (11) 1.13 2.67
Op profit growth (25) (40) 22.70 17.40
EBIT growth (21) (36) 20.90 13.30
Net profit growth (11) (46) 8.13 39.60
Profitability ratios (%)        
OPM 5.62 7.51 11.10 9.19
EBIT margin 5.91 7.52 10.50 8.78
Net profit margin 4.31 4.87 8.06 7.53
RoCE 7.16 9.54 15.60 13.30
RoNW 1.38 1.63 3.23 3.17
RoA 1.31 1.55 3 2.86
Per share ratios ()        
EPS 2.18 2.49 4.30 4.08
Dividend per share 1.62 1.62 1.62 1.62
Cash EPS 0.85 1.25 3.23 2.17
Book value per share 40.10 39.50 36.80 35.10
Valuation ratios        
P/E 36.90 32.10 20.80 15.30
P/CEPS 94.50 63.90 27.70 28.80
P/B 2 2.02 2.42 1.78
EV/EBIDTA 17.60 15 11.50 8.10
Payout (%)        
Dividend payout 74.20 65.20 42.10 45.40
Tax payout (26) (34) (22) (9.40)
Liquidity ratios        
Debtor days 111 132 115 108
Inventory days 36.90 41 58.50 81
Creditor days (82) (91) (77) (75)
Leverage ratios        
Interest coverage (47) (53) (53) (36)
Net debt / equity (0.10) (0.10) (0.10) (0.10)
Net debt / op. profit (1.40) (1) (0.60) (0.90)
Cost breakup ()        
Material costs (51) (51) (46) (50)
Employee costs (16) (16) (15) (13)
Other costs (27) (25) (28) (28)
Switch to
Tabular Data
Graph
Switch to
Consolidated
Standalone
Y/e 31 Mar( In .Cr) Mar-2018 Mar-2017 Mar-2016 Mar-2015
Revenue 917 915 1,024 1,012
yoy growth (%) 0.17 (11) 1.13 2.67
Raw materials (469) (467) (467) (506)
As % of sales 51.20 51.10 45.60 50
Employee costs (149) (148) (154) (133)
As % of sales 16.30 16.20 15.10 13.20
Other costs (246) (231) (288) (280)
As % of sales 26.90 25.30 28.20 27.70
Operating profit 51.50 68.70 114 93
OPM 5.62 7.51 11.10 9.19
Depreciation (24) (22) (25) (38)
Interest expense (1.10) (1.30) (2) (2.50)
Other income 26.70 22.30 18.40 33.70
Profit before tax 53 67.50 105 86.40
Taxes (14) (23) (23) (8.20)
Tax rate (26) (34) (22) (9.40)
Minorities and other -- -- -- (2)
Adj. profit 39.50 44.60 82.50 76.30
Exceptional items -- -- -- --
Net profit 39.50 44.60 82.50 76.30
yoy growth (%) (11) (46) 8.13 39.60
NPM 4.31 4.87 8.06 7.53
Switch to
Tabular Data
Graph
Y/e 31 Mar ( In .Cr) Mar-2018 Mar-2017 Mar-2016 Mar-2015
Profit before tax 53 67.50 105 86.40
Depreciation (24) (22) (25) (38)
Tax paid (14) (23) (23) (8.20)
Working capital 66.30 49.60 72.40 (16)
Other operating items -- -- -- --
Operating cashflow 81.70 72.10 130 24.70
Capital expenditure 324 152 106 18.50
Free cash flow 406 224 236 43.20
Equity raised 1,201 1,176 1,101 1,086
Investments (58) (21) (18) 66.90
Debt financing/disposal 6.02 (19) 4.89 (3.80)
Dividends paid 29.30 29.10 28.80 28.80
Other items -- -- -- --
Net in cash 1,584 1,389 1,354 1,221
Switch to
Tabular Data
Graph
Switch to
Consolidated
Standalone
Y/e 31 Mar ( In .Cr) Mar-2019 Mar-2018 Mar-2017 Mar-2016
Equity capital 36.50 36.20 35.90 35.60
Preference capital -- -- -- --
Reserves 708 690 674 620
Net worth 745 726 710 655
Minority interest
Debt 0.04 6.02 4.38 16.10
Deferred tax liabilities (net) 30.20 32.30 32.80 24.10
Total liabilities 776 765 747 696
Fixed assets 292 301 301 273
Intangible assets
Investments 211 201 134 145
Deferred tax asset (net) 39.50 36.50 35.30 31.50
Net working capital 146 146 203 164
Inventories 126 80.80 105 101
Inventory Days -- 32.20 41.70 35.90
Sundry debtors 305 263 295 367
Debtor days -- 105 118 131
Other current assets 215 203 276 181
Sundry creditors (235) (176) (213) (207)
Creditor days -- 70.30 85.10 73.90
Other current liabilities (267) (224) (260) (278)
Cash 88 80.30 73.60 81.90
Total assets 776 765 747 696
Switch to
Consolidated
Standalone


Particulars ( Rupees In Crores.) Dec-2019 Dec-2018 Dec-2017 Dec-2016 Dec-2015
Gross Sales 806 773 649 643 718
Excise Duty -- -- 6.87 30 25.20
Net Sales 806 773 642 613 693
Other Operating Income -- -- -- -- --
Other Income 21.10 15.90 7.12 13.70 10.70
Total Income 827 789 649 627 703
Total Expenditure ** 756 724 612 579 623
PBIDT 70.90 64.90 37.10 48.60 80.30
Interest 2.31 0.58 0.84 1.11 1.73
PBDT 68.60 64.30 36.20 47.50 78.50
Depreciation 17.10 17.50 18 16.80 19
Minority Interest Before NP -- -- -- -- --
Tax 11.50 7.41 6.17 10.50 15.60
Deferred Tax (5.60) 4.47 (0.70) (1.60) --
Reported Profit After Tax 45.60 34.90 12.70 21.80 44
Minority Interest After NP -- -- -- -- 0.01
Net Profit after Minority Interest 45.60 34.90 12.70 21.80 44
Extra-ordinary Items -- -- -- -- --
Adjusted Profit After Extra-ordinary item 45.60 34.90 12.70 21.80 44
EPS (Unit Curr.) 2.49 1.92 0.71 1.22 2.48
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- 25 -- -- --
Equity 36.60 36.50 36.10 35.80 35.60
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(%) 8.79 8.39 5.78 7.93 11.60
PBDTM(%) 8.51 8.32 5.64 7.75 11.30
PATM(%) 5.65 4.51 1.97 3.56 6.35