Steel Authority of India Financial Statements

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Y/e 31 Mar Mar-2020 Mar-2018 Mar-2017 Mar-2016
Growth matrix (%)        
Revenue growth 7.25 30.10 14 (16)
Op profit growth 120 6,810 (102) (160)
EBIT growth 225 (215) (59) (224)
Net profit growth (854) (90) (34) (305)
Profitability ratios (%)        
OPM 16.60 8.06 0.15 (7.50)
EBIT margin 11.90 3.95 (4.50) (12)
Net profit margin 3.44 (0.50) (6.20) (11)
RoCE 7.46 2.59 (2.40) (6)
RoNW 1.35 (0.20) (1.80) (2.50)
RoA 0.54 (0.10) (0.80) (1.30)
Per share ratios ()        
EPS 5.13 -- -- --
Dividend per share -- -- -- --
Cash EPS (4) (8.10) (13) (16)
Book value per share 100 89.40 89.70 97.20
Valuation ratios        
P/E 4.49 -- -- --
P/CEPS (5.80) (8.70) (4.60) (2.70)
P/B 0.23 0.78 0.68 0.44
EV/EBIDTA 5.68 13.90 93.30 (22)
Payout (%)        
Dividend payout 0.05 -- -- --
Tax payout (30) (44) (44) (41)
Liquidity ratios        
Debtor days 37.60 21.60 25.10 30.10
Inventory days 122 106 128 156
Creditor days (74) (66) (57) (53)
Leverage ratios        
Interest coverage (2.10) (0.80) 0.78 2.09
Net debt / equity 1.29 1.22 1.11 0.87
Net debt / op. profit 5.25 9.72 611 (12)
Cost breakup ()        
Material costs (39) (48) (48) (46)
Employee costs (14) (15) (20) (25)
Other costs (31) (28) (31) (37)
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Y/e 31 Mar( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Revenue 61,664 57,496 44,210 38,793
yoy growth (%) 7.25 30.10 14 (16)
Raw materials (23,794) (27,877) (21,279) (17,723)
As % of sales 38.60 48.50 48.10 45.70
Employee costs (8,797) (8,866) (8,964) (9,729)
As % of sales 14.30 15.40 20.30 25.10
Other costs (18,857) (16,118) (13,900) (14,244)
As % of sales 30.60 28 31.40 36.70
Operating profit 10,216 4,636 67.10 (2,903)
OPM 16.60 8.06 0.15 (7.50)
Depreciation (3,756) (3,066) (2,682) (2,404)
Interest expense (3,487) (2,823) (2,528) (2,300)
Other income 906 700 643 493
Profit before tax 3,879 (553) (4,499) (7,114)
Taxes (1,181) 245 1,960 2,938
Tax rate (30) (44) (44) (41)
Minorities and other -- -- -- --
Adj. profit 2,698 (308) (2,539) (4,177)
Exceptional items (772) 26.40 (217) --
Net profit 2,121 (281) (2,756) (4,177)
yoy growth (%) (854) (90) (34) (305)
NPM 3.44 (0.50) (6.20) (11)
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Profit before tax 3,879 (553) (4,499) (7,114)
Depreciation (3,756) (3,066) (2,682) (2,404)
Tax paid (1,181) 245 1,960 2,938
Working capital (7,370) (12,327) (11,947) (7,270)
Other operating items -- -- -- --
Operating cashflow (8,428) (15,701) (17,168) (13,850)
Capital expenditure 72,299 51,445 39,455 21,267
Free cash flow 63,871 35,745 22,287 7,416
Equity raised 68,741 69,245 73,182 79,351
Investments 3,180 2,560 2,403 2,189
Debt financing/disposal 49,433 46,051 44,937 36,512
Dividends paid -- -- -- --
Other items -- -- -- --
Net in cash 185,225 153,601 142,809 125,468
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2019 Mar-2018 Mar-2017
Equity capital 4,131 4,131 4,131 4,131
Preference capital -- -- -- --
Reserves 37,380 35,516 32,816 32,912
Net worth 41,510 39,646 36,947 37,042
Minority interest
Debt 54,127 45,170 45,409 41,396
Deferred tax liabilities (net) 11,539 10,159 7,983 6,600
Total liabilities 107,176 94,975 90,339 85,038
Fixed assets 77,788 77,388 77,021 73,576
Intangible assets
Investments 3,240 2,975 2,629 2,475
Deferred tax asset (net) 13,561 13,026 12,145 10,449
Net working capital 12,142 1,299 (1,802) (1,841)
Inventories 24,106 19,759 17,277 15,964
Inventory Days 143 -- 110 132
Sundry debtors 8,845 4,497 3,871 2,935
Debtor days 52.40 -- 24.60 24.20
Other current assets 10,751 10,427 10,388 8,666
Sundry creditors (9,641) (10,831) (11,236) (7,751)
Creditor days 57.10 -- 71.30 64
Other current liabilities (21,919) (22,555) (22,103) (21,654)
Cash 445 288 346 379
Total assets 107,176 94,975 90,339 85,038
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Particulars ( Rupees In Crores.) Sep-2020 Jun-2020 Mar-2020 Dec-2019 Sep-2019
Gross Sales 16,925 9,068 16,172 16,542 14,129
Excise Duty -- -- -- -- --
Net Sales 16,925 9,068 16,172 16,542 14,129
Other Operating Income -- -- -- -- --
Other Income 468 327 403 271 221
Total Income 17,394 9,395 16,575 16,814 14,350
Total Expenditure ** 15,023 9,465 10,508 15,537 12,961
PBIDT 2,371 (70) 6,067 1,277 1,389
Interest 720 886 909 849 940
PBDT 1,650 (957) 5,158 428 448
Depreciation 990 973 1,055 926 901
Minority Interest Before NP -- -- -- -- --
Tax 0.73 1.50 35.40 41.80 1.68
Deferred Tax 223 (705) 1,420 (197) (169)
Reported Profit After Tax 437 (1,226) 2,648 (344) (286)
Minority Interest After NP -- -- -- -- --
Net Profit after Minority Interest 437 (1,226) 2,648 (344) (286)
Extra-ordinary Items 147 -- (498) -- --
Adjusted Profit After Extra-ordinary item 289 (1,226) 3,146 (344) (286)
EPS (Unit Curr.) 1.06 (3) 6.41 (0.80) (0.70)
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- -- -- -- --
Equity 4,131 4,131 4,131 4,131 4,131
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 (0.80) 37.50 7.72 9.83
PBDTM(%) 9.75 (11) 31.90 2.58 3.17
PATM(%) 2.58 (14) 16.40 (2.10) (2)