Ratnamani Metals & Tubes Financial Statements

Ratnamani Metals & Tubes Annually Results

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Y/e 31 Mar Mar-2020 Mar-2018 Mar-2017 Mar-2016
Growth matrix (%)        
Revenue growth 46.20 25.10 (18) 1.74
Op profit growth 59.50 3.50 (10) (4.90)
EBIT growth 79.80 12.50 (14) (9.20)
Net profit growth 103 5.35 (13) (4.70)
Profitability ratios (%)        
OPM 16.40 15.10 18.20 16.60
EBIT margin 16.50 13.50 15 14.30
Net profit margin 11.90 8.59 10.20 9.62
RoCE 24.90 17.80 18 23.30
RoNW 5.10 3.04 3.23 4.23
RoA 4.48 2.84 3.06 3.91
Per share ratios ()        
EPS 65.80 32.50 30.80 33.10
Dividend per share 12 6 5.50 5.50
Cash EPS 53.30 19.50 18.10 23.20
Book value per share 366 280 254 224
Valuation ratios        
P/E 13.70 26.30 24.60 14
P/CEPS 17 43.80 42.10 20
P/B 2.47 3.05 2.99 2.07
EV/EBIDTA 8.85 13.60 13 7.18
Payout (%)        
Dividend payout -- 18.50 17.80 37.40
Tax payout (24) (33) (30) (31)
Liquidity ratios        
Debtor days 65.60 102 105 65.10
Inventory days 101 94.30 81.90 67.80
Creditor days (44) (39) (41) (34)
Leverage ratios        
Interest coverage (20) (24) (35) (41)
Net debt / equity 0.05 0.06 -- 0.01
Net debt / op. profit 0.18 0.28 (0.10) 0.04
Cost breakup ()        
Material costs (66) (65) (62) (66)
Employee costs (5.60) (6.20) (7) (5.80)
Other costs (12) (14) (12) (12)
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Y/e 31 Mar( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Revenue 2,583 1,767 1,412 1,718
yoy growth (%) 46.20 25.10 (18) 1.74
Raw materials (1,696) (1,141) (880) (1,130)
As % of sales 65.70 64.60 62.40 65.80
Employee costs (145) (109) (98) (100)
As % of sales 5.63 6.18 6.96 5.83
Other costs (317) (251) (176) (202)
As % of sales 12.30 14.20 12.50 11.70
Operating profit 424 266 257 286
OPM 16.40 15.10 18.20 16.60
Depreciation (59) (61) (60) (57)
Interest expense (21) (9.90) (6.10) (6)
Other income 61.80 32.40 14.10 17.50
Profit before tax 406 228 205 240
Taxes (99) (76) (61) (75)
Tax rate (24) (33) (30) (31)
Minorities and other -- -- -- --
Adj. profit 308 152 144 165
Exceptional items -- -- -- --
Net profit 308 152 144 165
yoy growth (%) 103 5.35 (13) (4.70)
NPM 11.90 8.59 10.20 9.62
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Profit before tax 406 228 205 240
Depreciation (59) (61) (60) (57)
Tax paid (99) (76) (61) (75)
Working capital 459 334 -- (334)
Other operating items -- -- -- --
Operating cashflow 708 425 84.40 (225)
Capital expenditure 5.57 118 -- (118)
Free cash flow 714 543 84.40 (343)
Equity raised 2,292 2,212 2,239 2,221
Investments 135 (24) -- 24.20
Debt financing/disposal 213 55.80 -- 44.20
Dividends paid -- 28 25.70 51.40
Other items -- -- -- --
Net in cash 3,354 2,814 2,349 1,998
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2019 Mar-2018 Mar-2017
Equity capital 9.35 9.35 9.35 9.35
Preference capital -- -- -- --
Reserves 1,700 1,513 1,299 1,178
Net worth 1,709 1,523 1,309 1,188
Minority interest
Debt 252 65.40 78.90 --
Deferred tax liabilities (net) 36.90 41.80 45.20 48.20
Total liabilities 1,998 1,630 1,433 1,236
Fixed assets 871 619 492 486
Intangible assets
Investments 155 203 -- 73.80
Deferred tax asset (net) 6.19 5.87 2.28 0.96
Net working capital 791 660 933 659
Inventories 859 590 574 339
Inventory Days 121 -- 119 87.70
Sundry debtors 370 462 558 425
Debtor days 52.30 -- 115 110
Other current assets 115 36.70 117 73.70
Sundry creditors (320) (321) (198) (123)
Creditor days 45.20 -- 40.90 31.90
Other current liabilities (234) (108) (118) (56)
Cash 174 143 5.47 15.40
Total assets 1,998 1,630 1,433 1,236
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Particulars ( Rupees In Crores.) Mar-2021 Mar-2020 Mar-2019 Mar-2018 Mar-2017
Gross Sales 2,298 2,586 2,755 1,790 1,476
Excise Duty -- -- -- 23.10 64.40
Net Sales 2,298 2,586 2,755 1,767 1,412
Other Operating Income -- -- -- -- --
Other Income 43.40 59.30 41.20 32.40 14.10
Total Income 2,342 2,645 2,796 1,799 1,426
Total Expenditure ** 1,898 2,159 2,348 1,501 1,155
PBIDT 443 486 448 298 271
Interest 22.90 21 14.80 9.86 6.07
PBDT 420 465 433 288 265
Depreciation 56.90 58.50 62.40 60.60 59.70
Minority Interest Before NP -- -- -- -- --
Tax 79.10 105 122 80.50 62.20
Deferred Tax 8.34 (5.80) (4.40) (4.40) (1)
Reported Profit After Tax 276 308 253 152 144
Minority Interest After NP -- -- -- -- --
Net Profit after Minority Interest 276 308 253 152 144
Extra-ordinary Items -- -- -- -- --
Adjusted Profit After Extra-ordinary item 276 308 253 152 144
EPS (Unit Curr.) 59.10 65.80 54.10 32.50 30.80
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) 700 600 450 300 275
Equity 9.35 9.35 9.35 9.35 9.35
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(%) 19.30 18.80 16.30 16.90 19.20
PBDTM(%) 18.30 18 15.70 16.30 18.80
PATM(%) 12 11.90 9.18 8.59 10.20
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