Simmonds Marshall Financial Statements

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Y/e 31 Mar Mar-2020 Mar-2019 Mar-2018 Mar-2017
Growth matrix (%)        
Revenue growth (22) 3.75 21.30 6.35
Op profit growth (101) (29) 30.10 3.34
EBIT growth (146) (36) 41.90 7.15
Net profit growth (232) (41) 57.50 34.60
Profitability ratios (%)        
OPM (0.10) 7.77 11.30 10.60
EBIT margin (3.50) 5.85 9.49 8.12
Net profit margin (5.10) 3.01 5.33 4.11
RoCE (4.90) 11.40 19.60 14.70
RoNW (3.10) 2.24 4.27 3.13
RoA (1.80) 1.47 2.75 1.86
Per share ratios ()        
EPS -- 5.15 8.98 5.66
Dividend per share -- 0.50 0.70 0.50
Cash EPS (12) 1.15 5.33 2.01
Book value per share 52 60.30 56.30 48.30
Valuation ratios        
P/E -- 14.80 12.90 16.50
P/CEPS (1.90) 66.50 21.80 46.40
P/B 0.42 1.27 2.06 1.93
EV/EBIDTA 307 7.65 7.16 7.99
Payout (%)        
Dividend payout -- -- 7.83 8.81
Tax payout (28) (26) (31) (35)
Liquidity ratios        
Debtor days 71.80 84.30 86.80 87.10
Inventory days 154 96.60 72.30 76.80
Creditor days (74) (60) (52) (43)
Leverage ratios        
Interest coverage 0.97 (3.10) (5.40) (4.40)
Net debt / equity 0.79 0.54 0.42 0.53
Net debt / op. profit (537) 2.42 1.25 1.76
Cost breakup ()        
Material costs (39) (39) (38) (40)
Employee costs (24) (20) (19) (18)
Other costs (37) (34) (32) (32)
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Y/e 31 Mar( In .Cr) Mar-2020 Mar-2019 Mar-2018 Mar-2017
Revenue 152 195 188 155
yoy growth (%) (22) 3.75 21.30 6.35
Raw materials (60) (75) (71) (62)
As % of sales 39.40 38.70 37.80 39.80
Employee costs (36) (39) (35) (27)
As % of sales 24 20 18.80 17.50
Other costs (55) (65) (60) (50)
As % of sales 36.60 33.60 32 32.10
Operating profit (0.10) 15.10 21.20 16.30
OPM (0.10) 7.77 11.30 10.60
Depreciation (5.50) (4.60) (4) (4.10)
Interest expense (5.40) (3.60) (3.30) (2.90)
Other income 0.32 0.84 0.61 0.33
Profit before tax (11) 7.76 14.50 9.70
Taxes 2.94 (2) (4.50) (3.40)
Tax rate (28) (26) (31) (35)
Minorities and other -- 0.10 -- 0.02
Adj. profit (7.80) 5.86 10 6.35
Exceptional items -- -- -- --
Net profit (7.80) 5.86 10 6.35
yoy growth (%) (232) (41) 57.50 34.60
NPM (5.10) 3.01 5.33 4.11
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2019 Mar-2018 Mar-2017
Profit before tax (11) 7.76 14.50 9.70
Depreciation (5.50) (4.60) (4) (4.10)
Tax paid 2.94 (2) (4.50) (3.40)
Working capital 15.90 31.50 18.50 5.16
Other operating items -- -- -- --
Operating cashflow 2.72 32.70 24.50 7.40
Capital expenditure 10.80 6.12 (0.60) (12)
Free cash flow 13.50 38.80 23.80 (4.70)
Equity raised 91.90 90.30 86.20 87.30
Investments -- 0.05 (0.10) (0.40)
Debt financing/disposal 25.80 19.50 11.30 9.83
Dividends paid -- -- 0.78 0.56
Other items -- -- -- --
Net in cash 131 149 122 92.60
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2019 Mar-2018 Mar-2017
Equity capital 2.24 2.24 2.24 2.24
Preference capital -- -- -- --
Reserves 56 65.30 60.80 51.90
Net worth 58.30 67.50 63 54.10
Minority interest
Debt 47.30 37.40 27.80 31.70
Deferred tax liabilities (net) -- 1.69 2.36 2.82
Total liabilities 106 107 93.30 88.80
Fixed assets 45.20 29.30 29.30 29.30
Intangible assets
Investments 0.13 0.18 0.08 0.13
Deferred tax asset (net) 1.79 -- 0.35 0.55
Net working capital 57.50 76.50 62.30 55.90
Inventories 64.70 63 40 34.30
Inventory Days 156 118 77.80 80.90
Sundry debtors 19.20 40.40 49.60 39.70
Debtor days 46.30 75.80 96.40 93.60
Other current assets 7.86 7.22 3 4.81
Sundry creditors (30) (31) (28) (19)
Creditor days 72.90 58.60 54.40 46
Other current liabilities (4) (2.90) (2.40) (3.40)
Cash 1.06 0.72 1.26 2.95
Total assets 106 107 93.30 88.80
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Particulars ( Rupees In Crores.) Jun-2020 Mar-2020 Dec-2019 Sep-2019 Jun-2019
Gross Sales 8.63 34 33.70 38.60 45.30
Excise Duty -- -- -- -- --
Net Sales 8.63 34 33.70 38.60 45.30
Other Operating Income -- -- -- -- --
Other Income 0.20 0.14 0.08 0.06 0.05
Total Income 8.83 34.10 33.80 38.60 45.40
Total Expenditure ** 15.80 37.40 33.80 38.50 41.80
PBIDT (6.90) (3.30) -- 0.10 3.52
Interest 1.26 1.26 2.08 1.14 1.01
PBDT (8.20) (4.60) (2.10) (1) 2.52
Depreciation 1.17 1.11 1.47 1.47 1.42
Minority Interest Before NP -- -- -- -- --
Tax -- 0.22 -- (0.50) 0.53
Deferred Tax -- (1.80) (1) (0.40) --
Reported Profit After Tax (9.40) (4.10) (2.60) (1.60) 0.57
Minority Interest After NP -- -- -- -- --
Net Profit after Minority Interest (9.40) (4.30) (2.60) (1.50) 0.63
Extra-ordinary Items -- -- -- -- --
Adjusted Profit After Extra-ordinary item (9.40) (4.30) (2.60) (1.50) 0.63
EPS (Unit Curr.) (8.40) (3.80) (2.30) (1.40) 0.56
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- -- -- -- --
Equity 2.24 2.24 2.24 2.24 2.24
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(%) (80) (9.70) (0.10) 0.26 7.77
PBDTM(%) (95) (13) (6.20) (2.70) 5.56
PATM(%) (109) (12) (7.70) (4.10) 1.26