Sat Industries Ltd Stock/Share Price, Latest BSE/NSE Sat Industries Ltd Financial Summary at www.indiainfoline.com

Y/e 31 Mar	Mar-2021	Mar-2020	Mar-2018	Mar-2017
Growth matrix (%)
Revenue growth	(9.10)	129	7.60	(0.60)
Op profit growth	62.80	83.20	120	2,105
EBIT growth	47.90	38.90	124	(20,162)
Net profit growth	235	(63)	(66)	(1,154)
Profitability ratios (%)
OPM	12.60	7.04	8.81	4.30
EBIT margin	10.20	6.28	10.40	4.98
Net profit margin	4.28	1.16	7.10	22.80
RoCE	8.72	7.61	8.45	6.17
RoNW	1.34	0.49	1.80	9.85
RoA	0.91	0.35	1.45	7.07
Per share ratios ()
EPS	0.83	0.24	0.65	2.13
Dividend per share	0.10	--	0.10	--
Cash EPS	0.31	(0.20)	0.54	2.01
Book value per share	14.90	14.10	9.79	9.05
Valuation ratios
P/E	22.10	70	56.20	11.50
P/CEPS	58.70	(71)	67.70	12.20
P/B	1.24	1.19	3.73	2.71
EV/EBIDTA	10.30	13.10	36.50	39.70
Payout (%)
Dividend payout	--	--	15.50	--
Tax payout	(24)	11.40	(13)	(22)
Liquidity ratios
Debtor days	94	54.50	112	165
Inventory days	69	36.70	27.90	22.70
Creditor days	(92)	(48)	(77)	(138)
Leverage ratios
Interest coverage	(2.50)	(1.30)	(5.40)	(3.70)
Net debt / equity	0.37	0.40	0.18	(0.20)
Net debt / op. profit	2.41	4.05	2.25	(3.90)
Cost breakup ()
Material costs	(65)	(68)	(80)	(83)
Employee costs	(8)	(7.10)	(2.60)	(2.30)
Other costs	(14)	(18)	(9)	(10)

Y/e 31 Mar( In .Cr)	Mar-2021	Mar-2020	Mar-2018	Mar-2017
Revenue	205	225	98.30	91.40
yoy growth (%)	(9.10)	129	7.60	(0.60)
Raw materials	(133)	(154)	(78)	(76)
As % of sales	65.20	68.30	79.50	83
Employee costs	(16)	(16)	(2.60)	(2.10)
As % of sales	7.99	7.07	2.63	2.27
Other costs	(29)	(40)	(8.90)	(9.50)
As % of sales	14.20	17.60	9.04	10.40
Operating profit	25.80	15.90	8.66	3.93
OPM	12.60	7.04	8.81	4.30
Depreciation	(5.20)	(5.30)	(1.20)	(1.10)
Interest expense	(8.50)	(10)	(1.90)	(1.20)
Other income	0.34	3.57	2.68	1.73
Profit before tax	12.40	3.66	8.31	3.31
Taxes	(3)	0.42	(1.10)	(0.70)
Tax rate	(24)	11.40	(13)	(22)
Minorities and other	(0.70)	(0.10)	--	--
Adj. profit	8.79	3.99	7.20	2.59
Exceptional items	--	--	(0.20)	18.20
Net profit	8.77	2.61	6.98	20.80
yoy growth (%)	235	(63)	(66)	(1,154)
NPM	4.28	1.16	7.10	22.80

Y/e 31 Mar ( In .Cr)	Mar-2021	Mar-2020	Mar-2018	Mar-2017
Revenue	5.75	20.80	51.50	48
yoy growth (%)	(72)	(60)	7.39	(0.90)
Raw materials	(1.40)	(16)	(44)	(45)
As % of sales	24.70	74.70	86.20	93.20
Employee costs	(0.70)	(0.80)	(0.60)	(0.50)
As % of sales	12.10	3.69	1.17	1.03
Other costs	(1.90)	(4)	(1)	(0.50)
As % of sales	32.90	19.20	1.97	1.01
Operating profit	1.74	0.50	5.48	2.26
OPM	30.30	2.41	10.60	4.72
Depreciation	(0.40)	(0.30)	(0.10)	(0.10)
Interest expense	(0.10)	(0.10)	(0.20)	--
Other income	--	0.91	0.42	--
Profit before tax	1.34	1.04	5.53	2.16
Taxes	(0.50)	(0.40)	(1)	(0.20)
Tax rate	(34)	(40)	(19)	(7.80)
Minorities and other	--	--	--	--
Adj. profit	0.88	0.62	4.49	1.99
Exceptional items	--	--	--	11.70
Net profit	0.88	0.62	4.49	13.70
yoy growth (%)	40.30	(86)	(67)	(4,687)
NPM	15.20	3	8.72	28.50

Y/e 31 Mar ( In .Cr)	Mar-2021	Mar-2020	Mar-2018	Mar-2017
Profit before tax	12.40	3.66	8.31	3.31
Depreciation	(5.20)	(5.30)	(1.20)	(1.10)
Tax paid	(3)	0.42	(1.10)	(0.70)
Working capital	84.60	108	64	48.10
Other operating items	--	--	--	--
Operating cashflow	88.80	106	70.10	49.60
Capital expenditure	143	140	37.20	34.50
Free cash flow	232	247	107	84.10
Equity raised	238	179	107	74.70
Investments	--	5.77	13.90	4.92
Debt financing/disposal	83.90	80.60	37.70	22.60
Dividends paid	--	--	1.08	--
Other items	--	--	--	--
Net in cash	554	512	267	186

Y/e 31 Mar ( In .Cr)	Mar-2021	Mar-2020	Mar-2019	Mar-2018
Equity capital	22.60	22.60	21.60	21.60
Preference capital	--	--	--	--
Reserves	145	137	120	84.10
Net worth	168	160	141	106
Minority interest
Debt	72.50	71	86	27.90
Deferred tax liabilities (net)	1.84	0.85	2.27	2.03
Total liabilities	246	234	246	137
Fixed assets	75.10	75.10	77.40	28.60
Intangible assets
Investments	6.23	5.77	7.58	13.90
Deferred tax asset (net)	--	1.22	1.88	0.27
Net working capital	154	145	151	86.20
Inventories	40	37.40	31.50	8
Inventory Days	71.40	60.50	--	29.70
Sundry debtors	53.50	52	52.90	15.30
Debtor days	95.40	84.20	--	56.60
Other current assets	119	112	110	78.10
Sundry creditors	(45)	(45)	(40)	(10)
Creditor days	80.20	73.40	--	37.40
Other current liabilities	(14)	(11)	(3.60)	(5.10)
Cash	10.40	6.80	7.83	8.40
Total assets	246	234	246	137

Select Period

Particulars ( Rupees In Crores.)	Jun-2022	Mar-2022	Dec-2021	Sep-2021	Jun-2021
Gross Sales	117	109	95.90	78.90	63.40
Excise Duty	--	--	--	--	--
Net Sales	117	109	95.90	78.90	63.40
Other Operating Income	--	--	--	--	--
Other Income	1.33	3.90	0.04	0.66	0.15
Total Income	119	112	95.90	79.50	63.60
Total Expenditure **	101	92.70	77.50	65.30	52.60
PBIDT	17.20	19.80	18.40	14.20	11
Interest	1.15	2.86	1.58	1.34	1.59
PBDT	16	17	16.80	12.90	9.45
Depreciation	1.48	1.80	1.24	1.37	1.41
Minority Interest Before NP	--	--	--	--	--
Tax	3.59	6.80	3.99	0.43	0.34
Deferred Tax	--	--	--	--	--
Reported Profit After Tax	11	8.36	11.60	11.10	7.70
Minority Interest After NP	0.36	1.45	0.54	0.81	0.37
Net Profit after Minority Interest	10.60	6.91	11	10.30	7.33
Extra-ordinary Items	--	--	--	--	--
Adjusted Profit After Extra-ordinary item	10.60	6.91	11	10.30	7.33
EPS (Unit Curr.)	0.97	0.74	1.02	0.98	0.68
Book Value (Unit Curr.)	--	--	--	--	--
Dividend (%)	--	--	--	--	--
Equity	22.60	22.60	22.60	22.60	22.60
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(%)	14.60	18.20	19.20	18	17.40
PBDTM(%)	13.70	15.60	17.50	16.30	14.90
PATM(%)	9.34	7.70	12.10	14.10	12.10