Provogue (India) Financial Statements

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Y/e 31 Mar Mar-2018 Mar-2017 Mar-2016 Mar-2015
Growth matrix (%)        
Revenue growth (53) (48) (30) (12)
Op profit growth (18) (0.50) 283 (166)
EBIT growth (18) 10.20 400 (140)
Net profit growth (11) (1.90) 165 1,326
Profitability ratios (%)        
OPM (101) (58) (31) (5.50)
EBIT margin (102) (59) (28) (3.90)
Net profit margin (136) (73) (39) (10)
RoCE (43) (29) (18) (2.80)
RoNW (53) (19) (12) (3.50)
RoA (14) (8.80) (6.20) (1.80)
Per share ratios ()        
EPS -- -- -- --
Dividend per share -- -- -- --
Cash EPS (7.60) (8.60) (18) (7.40)
Book value per share (1.60) 8.58 26.60 43.20
Valuation ratios        
P/E -- -- -- --
P/CEPS (0.60) (0.50) (0.30) (0.70)
P/B (2.60) 0.47 0.18 0.11
EV/EBIDTA (2.30) (2.20) (2.80) (26)
Payout (%)        
Dividend payout -- -- -- --
Tax payout 1.48 1.09 (0.30) (0.50)
Liquidity ratios        
Debtor days 221 140 144 154
Inventory days 316 364 258 185
Creditor days (46) (33) (31) (36)
Leverage ratios        
Interest coverage 7.17 4.14 2.42 0.48
Net debt / equity (5) 1.16 1.07 0.87
Net debt / op. profit (1.50) (1.50) (2.10) (11)
Cost breakup ()        
Material costs (151) (134) (115) (93)
Employee costs (5.30) (2.40) (1.80) (1.60)
Other costs (44) (22) (14) (11)
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Y/e 31 Mar( In .Cr) Mar-2018 Mar-2017 Mar-2016 Mar-2015
Revenue 127 268 511 734
yoy growth (%) (53) (48) (30) (12)
Raw materials (192) (358) (588) (682)
As % of sales 151 134 115 92.80
Employee costs (6.70) (6.40) (9.20) (12)
As % of sales 5.27 2.40 1.81 1.63
Other costs (56) (59) (69) (81)
As % of sales 44 21.90 13.50 11.10
Operating profit (128) (155) (156) (41)
OPM (101) (58) (31) (5.50)
Depreciation (3.70) (5.60) (6.80) (9.60)
Interest expense (18) (38) (59) (60)
Other income 2.33 3.48 20.10 21.80
Profit before tax (147) (195) (201) (88)
Taxes (2.20) (2.10) 0.70 0.45
Tax rate 1.48 1.09 (0.30) (0.50)
Minorities and other 3.93 2.39 2.19 2.45
Adj. profit (145) (195) (199) (85)
Exceptional items (27) -- -- 10.40
Net profit (173) (195) (199) (75)
yoy growth (%) (11) (1.90) 165 1,326
NPM (136) (73) (39) (10)
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Y/e 31 Mar ( In .Cr) Mar-2018 Mar-2017 Mar-2016 Mar-2015
Profit before tax (147) (195) (201) (88)
Depreciation (3.70) (5.60) (6.80) (9.60)
Tax paid (2.20) (2.10) 0.70 0.45
Working capital (580) (440) (218) (90)
Other operating items -- -- -- --
Operating cashflow (733) (643) (425) (187)
Capital expenditure (676) (77) (89) 0.32
Free cash flow (1,409) (720) (514) (187)
Equity raised 1,111 926 1,053 1,117
Investments (114) (4.80) (13) (2.10)
Debt financing/disposal 183 80.50 11.40 287
Dividends paid -- -- -- --
Other items -- -- -- --
Net in cash (229) 282 538 1,215
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Y/e 31 Mar ( In .Cr) Mar-2019 Mar-2018 Mar-2017 Mar-2016
Equity capital 23.30 28.70 23.30 11.40
Preference capital -- -- -- --
Reserves (157) (66) 177 293
Net worth (134) (38) 200 304
Minority interest
Debt 165 197 252 352
Deferred tax liabilities (net) -- -- -- --
Total liabilities 28.70 152 448 653
Fixed assets 57.70 59.10 64.80 52.50
Intangible assets
Investments 13.10 50 50.40 55.70
Deferred tax asset (net) -- 14.20 16.10 13.10
Net working capital (51) 18.50 297 507
Inventories 11 17.40 202 332
Inventory Days -- 50.20 276 237
Sundry debtors 67.90 69.10 84.60 121
Debtor days -- 199 115 86.70
Other current assets 21.20 50.20 64.10 111
Sundry creditors (23) (26) (37) (39)
Creditor days -- 76 50.70 28.10
Other current liabilities (128) (92) (17) (18)
Cash 9.29 9.75 19.30 25.50
Total assets 28.70 152 448 653
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Particulars ( Rupees In Crores.) Mar-2019 Mar-2018 Mar-2017 Mar-2016 Mar-2015
Gross Sales 89.80 127 268 497 720
Excise Duty -- -- -- -- --
Net Sales 89.80 127 268 497 720
Other Operating Income -- -- -- 13 14.10
Other Income 1.20 2.33 3.48 20.10 32.20
Total Income 91 129 271 531 766
Total Expenditure ** 127 335 423 666 775
PBIDT (36) (205) (152) (136) (8.20)
Interest 43.80 36 38 58.90 59.90
PBDT (80) (241) (190) (195) (68)
Depreciation 1.45 3.70 5.59 6.82 9.59
Minority Interest Before NP -- -- -- -- --
Tax 14.20 1.83 (3) (0.70) (0.40)
Deferred Tax (0.20) 0.34 5.11 -- --
Reported Profit After Tax (95) (247) (197) (201) (77)
Minority Interest After NP (2.70) -- -- -- (2.50)
Net Profit after Minority Interest (92) (247) (197) (201) (75)
Extra-ordinary Items (28) (79) -- -- 10.40
Adjusted Profit After Extra-ordinary item (65) (168) (197) (201) (85)
EPS (Unit Curr.) (4.10) (11) (10) (18) (6.50)
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- -- -- -- --
Equity 23.30 23.30 23.30 11.40 11.40
Public Shareholding (Number) -- -- -- -- 67,156,280
Public Shareholding (%) -- -- -- -- 58.70
Pledged/Encumbered - No. of Shares -- -- -- -- 700,000
Pledged/Encumbered - % in Total Promoters Holding -- -- -- -- 1.48
Pledged/Encumbered - % in Total Equity -- -- -- -- 0.61
Non Encumbered - No. of Shares -- -- -- -- 46,500,816
Non Encumbered - % in Total Promoters Holding -- -- -- -- 98.50
Non Encumbered - % in Total Equity -- -- -- -- 40.70
PBIDTM(%) (40) (162) (57) (27) (1.10)
PBDTM(%) (89) (190) (71) (39) (9.50)
PATM(%) (106) (195) (74) (40) (11)