Sanghvi Forging & Engineering Financial Statements

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Y/e 31 Mar Mar-2020 Mar-2018 Mar-2017 Mar-2016
Growth matrix (%)        
Revenue growth 0.96 2.10 (19) (18)
Op profit growth 222 (39) (81) (16)
EBIT growth (55) 1.58 (206) (24)
Net profit growth (77) 1.71 119 27.80
Profitability ratios (%)        
OPM 8.43 2.64 4.44 18.60
EBIT margin (4.70) (11) (11) 8.12
Net profit margin (8.90) (39) (39) (15)
RoCE (2.50) (4.90) (3.70) 3.18
RoNW 8.72 (63) (18) (5.50)
RoA (1.20) (4.50) (3.40) (1.40)
Per share ratios ()        
EPS (3.60) -- -- --
Dividend per share -- -- -- --
Cash EPS (9.30) (21) (21) (13)
Book value per share (19) (1.70) 14 29.30
Valuation ratios        
P/E (4.70) -- -- --
P/CEPS (1.80) (1.40) (2) (3.30)
P/B (0.90) (18) 3 1.40
EV/EBIDTA 29.40 59.60 66.50 13.10
Payout (%)        
Dividend payout -- -- -- --
Tax payout -- -- -- 0.56
Liquidity ratios        
Debtor days 102 119 102 93.90
Inventory days 133 147 148 113
Creditor days (156) (161) (147) (157)
Leverage ratios        
Interest coverage 1.14 0.37 0.37 (0.40)
Net debt / equity (5.10) (45) 6.02 2.89
Net debt / op. profit 28.10 70.90 48.80 9.47
Cost breakup ()        
Material costs (49) (56) (55) (45)
Employee costs (11) (12) (12) (8.90)
Other costs (32) (29) (29) (27)
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Y/e 31 Mar( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Revenue 59.80 59.20 58 71.60
yoy growth (%) 0.96 2.10 (19) (18)
Raw materials (29) (33) (32) (32)
As % of sales 49.20 56 55.30 45.10
Employee costs (6.50) (7.20) (6.80) (6.40)
As % of sales 10.80 12.10 11.70 8.91
Other costs (19) (17) (17) (20)
As % of sales 31.60 29.30 28.60 27.40
Operating profit 5.04 1.57 2.57 13.30
OPM 8.43 2.64 4.44 18.60
Depreciation (8.50) (8.80) (9) (8.40)
Interest expense (2.50) (17) (17) (16)
Other income 0.64 1.02 0.25 0.93
Profit before tax (5.30) (23) (23) (10)
Taxes -- -- -- (0.10)
Tax rate -- -- -- 0.56
Minorities and other -- -- -- --
Adj. profit (5.30) (23) (23) (10)
Exceptional items -- -- -- --
Net profit (5.30) (23) (23) (10)
yoy growth (%) (77) 1.71 119 27.80
NPM (8.90) (39) (39) (15)
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Profit before tax (5.30) (23) (23) (10)
Depreciation (8.50) (8.80) (9) (8.40)
Tax paid -- -- -- (0.10)
Working capital 24.70 (51) (15) 15.10
Other operating items -- -- -- --
Operating cashflow 10.80 (83) (47) (3.70)
Capital expenditure (11) (14) (29) 28.70
Free cash flow 0.34 (96) (75) 24.90
Equity raised 6.51 43.30 57.40 45.10
Investments -- -- -- --
Debt financing/disposal 78.10 (6.20) 21 98.60
Dividends paid -- -- -- --
Other items -- -- -- --
Net in cash 85 (59) 2.95 169
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2019 Mar-2018 Mar-2017
Equity capital 14.90 14.90 14.90 14.90
Preference capital -- -- -- --
Reserves (43) (37) (17) 5.97
Net worth (28) (22) (2.50) 20.90
Minority interest
Debt 145 97 112 127
Deferred tax liabilities (net) -- -- -- --
Total liabilities 117 74.50 110 148
Fixed assets 125 133 140 148
Intangible assets
Investments -- -- -- --
Deferred tax asset (net) -- -- -- --
Net working capital (11) (59) (32) (2)
Inventories 19.10 21.90 24.50 23.40
Inventory Days 116 -- 151 147
Sundry debtors 14.70 18.30 18.70 20
Debtor days 90 -- 115 126
Other current assets 17.10 6.65 5.02 4.92
Sundry creditors (19) (24) (27) (24)
Creditor days 119 -- 168 149
Other current liabilities (42) (82) (53) (27)
Cash 2.86 1.11 1.41 1.19
Total assets 117 74.50 110 148
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Particulars ( Rupees In Crores.) Sep-2020 Jun-2020 Mar-2020 Dec-2019 Sep-2019
Gross Sales 13.40 6.67 8.81 14.10 19.30
Excise Duty -- -- -- -- --
Net Sales 13.40 6.67 8.81 14.10 19.30
Other Operating Income -- -- -- -- --
Other Income (0.10) 0.16 0.49 (0.30) 0.43
Total Income 13.30 6.83 9.30 13.70 19.70
Total Expenditure ** 12.80 7.99 14.10 13.40 14.40
PBIDT 0.47 (1.20) (4.80) 0.33 5.30
Interest 0.34 0.29 0.46 0.55 0.63
PBDT 0.13 (1.50) (5.30) (0.20) 4.67
Depreciation 2.13 2.10 2.11 2.13 2.14
Minority Interest Before NP -- -- -- -- --
Tax -- -- -- -- --
Deferred Tax -- -- -- -- --
Reported Profit After Tax (2) (3.60) (7.40) (2.40) 2.53
Minority Interest After NP -- -- -- -- --
Net Profit after Minority Interest (2) (3.60) (7.40) (2.40) 2.53
Extra-ordinary Items -- -- -- -- --
Adjusted Profit After Extra-ordinary item (2) (3.60) (7.40) (2.40) 2.53
EPS (Unit Curr.) (1.40) (2.40) (5) (1.60) 1.70
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- -- -- -- --
Equity 14.90 14.90 14.90 14.90 14.90
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(%) 3.52 (18) (54) 2.35 27.50
PBDTM(%) 0.97 (22) (60) (1.60) 24.20
PATM(%) (15) (53) (84) (17) 13.10