Reliance Industries Financial Statements

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Y/e 31 Mar Mar-2020 Mar-2018 Mar-2017 Mar-2016
Growth matrix (%)        
Revenue growth 52.40 28.30 11.50 (27)
Op profit growth 37.50 38.90 10.80 11.60
EBIT growth 39.10 30.70 3.68 23.20
Net profit growth 9.09 20.60 0.52 26.20
Profitability ratios (%)        
OPM 14.80 16.40 15.10 15.20
EBIT margin 13.40 14.70 14.40 15.50
Net profit margin 6.59 9.21 9.79 10.90
RoCE 10.80 10.50 9.12 9.84
RoNW 2.63 3.24 3.02 3.30
RoA 1.33 1.65 1.55 1.73
Per share ratios ()        
EPS 62.90 60.90 101 99.20
Dividend per share 6.50 6 11 10.50
Cash EPS 27.10 32.70 61.70 61.70
Book value per share 715 496 891 785
Valuation ratios        
P/E 17.50 14.40 6.48 5.22
P/CEPS 40.70 26.70 10.60 8.39
P/B 1.54 1.76 0.73 0.66
EV/EBIDTA 10.10 10.70 11.60 9.68
Payout (%)        
Dividend payout -- 9.85 -- 12.40
Tax payout (24) (27) (25) (23)
Liquidity ratios        
Debtor days 11.40 12 7.56 6.51
Inventory days 41.20 51.20 57 66.40
Creditor days (73) (102) (96) (94)
Leverage ratios        
Interest coverage (3.60) (7.10) (11) (11)
Net debt / equity 0.72 0.80 0.81 0.79
Net debt / op. profit 3.68 3.67 4.64 4.40
Cost breakup ()        
Material costs (68) (68) (70) (69)
Employee costs (2.40) (2.40) (2.70) (2.70)
Other costs (15) (13) (13) (13)
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Y/e 31 Mar( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Revenue 596,743 391,677 305,382 273,999
yoy growth (%) 52.40 28.30 11.50 (27)
Raw materials (405,240) (267,466) (212,300) (188,814)
As % of sales 67.90 68.30 69.50 68.90
Employee costs (14,075) (9,523) (8,388) (7,407)
As % of sales 2.36 2.43 2.75 2.70
Other costs (89,211) (50,512) (38,500) (36,074)
As % of sales 14.90 12.90 12.60 13.20
Operating profit 88,217 64,176 46,194 41,704
OPM 14.80 16.40 15.10 15.20
Depreciation (22,203) (16,706) (11,646) (11,565)
Interest expense (22,027) (8,052) (3,849) (3,691)
Other income 13,956 10,008 9,443 12,289
Profit before tax 57,943 49,426 40,142 38,737
Taxes (13,726) (13,346) (10,201) (8,876)
Tax rate (24) (27) (25) (23)
Minorities and other (526) (5) 68 (116)
Adj. profit 43,691 36,075 30,009 29,745
Exceptional items (4,444) -- -- --
Net profit 39,354 36,075 29,901 29,745
yoy growth (%) 9.09 20.60 0.52 26.20
NPM 6.59 9.21 9.79 10.90
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Profit before tax 57,943 49,426 40,142 38,737
Depreciation (22,203) (16,706) (11,646) (11,565)
Tax paid (13,726) (13,346) (10,201) (8,876)
Working capital (124,540) (177,376) (167,602) (100,035)
Other operating items -- -- -- --
Operating cashflow (102,526) (158,002) (149,307) (81,739)
Capital expenditure 505,495 347,809 120,322 74,480
Free cash flow 402,969 189,807 (28,985) (7,259)
Equity raised 562,118 424,472 409,991 397,713
Investments 255,171 44,266 40,051 23,413
Debt financing/disposal 418,037 311,998 311,282 304,209
Dividends paid -- 3,553 -- 3,095
Other items -- -- -- --
Net in cash 1,638,295 974,096 732,339 721,171
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2019 Mar-2018 Mar-2017
Equity capital 6,340 5,928 5,937 2,963
Preference capital -- -- -- --
Reserves 446,991 381,184 287,569 260,746
Net worth 453,331 387,112 293,506 263,709
Minority interest
Debt 355,133 307,714 239,843 217,475
Deferred tax liabilities (net) 77,637 71,187 45,069 27,930
Total liabilities 894,117 774,293 581,957 512,031
Fixed assets 641,764 577,837 590,907 523,363
Intangible assets
Investments 276,767 235,635 82,862 82,899
Deferred tax asset (net) 26,414 26,040 20,526 6,732
Net working capital (81,748) (76,300) (116,593) (103,986)
Inventories 73,903 67,561 60,837 48,951
Inventory Days 45.20 -- 56.70 58.50
Sundry debtors 19,656 30,089 17,555 8,177
Debtor days 12 -- 16.40 9.77
Other current assets 120,005 75,427 54,857 40,389
Sundry creditors (96,799) (108,309) (106,861) (76,595)
Creditor days 59.20 -- 99.60 91.50
Other current liabilities (198,513) (141,068) (142,981) (124,908)
Cash 30,920 11,081 4,255 3,023
Total assets 894,117 774,293 581,957 512,031
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Particulars ( Rupees In Crores.) Jun-2020 Mar-2020 Dec-2019 Sep-2019 Jun-2019
Gross Sales 100,929 151,461 169,098 152,925 174,087
Excise Duty 12,676 14,969 15,919 3,623 16,107
Net Sales 88,253 136,492 153,179 149,302 157,980
Other Operating Income -- -- -- -- --
Other Income 9,676 3,881 3,462 3,668 2,871
Total Income 97,929 140,373 156,641 152,970 160,851
Total Expenditure ** 71,378 118,754 130,730 127,150 136,365
PBIDT 26,551 21,619 25,911 25,820 24,486
Interest 6,735 6,064 5,404 5,450 5,109
PBDT 19,816 15,555 20,507 20,370 19,377
Depreciation 6,308 6,332 5,545 5,315 5,011
Minority Interest Before NP -- -- -- -- --
Tax 923 1,376 1,996 2,065 3,193
Deferred Tax (663) 1,301 1,125 1,638 1,032
Reported Profit After Tax 13,248 6,546 11,841 11,352 10,141
Minority Interest After NP 15 198 201 90 37
Net Profit after Minority Interest 13,233 6,348 11,640 11,262 10,104
Extra-ordinary Items 4,627 (3,028) (140) -- --
Adjusted Profit After Extra-ordinary item 8,606 9,376 11,780 11,262 10,104
EPS (Unit Curr.) 20.70 9.95 18.40 18.60 16.90
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- -- -- -- --
Equity 6,445 6,339 6,339 6,339 5,926
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(%) 30.10 15.80 16.90 17.30 15.50
PBDTM(%) 22.50 11.40 13.40 13.60 12.30
PATM(%) 15 4.80 7.73 7.60 6.42