TAAL Enterprises Financial Statements

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Y/e 31 Mar Mar-2020 Mar-2018 Mar-2017 Mar-2016
Growth matrix (%)        
Revenue growth 24.50 13.30 39.50 --
Op profit growth 94.30 87.10 102 --
EBIT growth 52 172 188 --
Net profit growth 10.70 310 (3,598) --
Profitability ratios (%)        
OPM 24.10 15.50 9.37 6.47
EBIT margin 25.70 21 8.74 4.24
Net profit margin 13.30 15 4.14 (0.20)
RoCE 74.90 65.10 30.90 --
RoNW 10.40 15.60 6.19 --
RoA 9.71 11.60 3.65 --
Per share ratios ()        
EPS 62 58.70 16.60 0.32
Dividend per share -- -- -- --
Cash EPS 36.70 43 8.07 (7.70)
Book value per share 162 106 55.10 43.60
Valuation ratios        
P/E 1.64 2.59 11 --
P/CEPS 2.77 3.53 22.60 --
P/B 0.63 1.44 3.31 --
EV/EBIDTA 0.44 1.74 6.80 --
Payout (%)        
Dividend payout -- -- -- --
Tax payout (20) (12) (18) (88)
Liquidity ratios        
Debtor days 65.30 73 63 --
Inventory days -- -- -- --
Creditor days (15) (21) (20) --
Leverage ratios        
Interest coverage (19) (18) (6.40) (1.40)
Net debt / equity (0.30) (0.20) 0.39 0.38
Net debt / op. profit (0.50) (0.30) 0.78 1.22
Cost breakup ()        
Material costs -- (0.30) (2) (0.20)
Employee costs (58) (58) (57) (59)
Other costs (17) (26) (31) (34)
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Y/e 31 Mar( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Revenue 130 104 92.10 66
yoy growth (%) 24.50 13.30 39.50 --
Raw materials -- (0.30) (1.90) (0.10)
As % of sales -- 0.33 2.04 0.17
Employee costs (76) (61) (53) (39)
As % of sales 58.40 58.20 57.20 59.40
Other costs (23) (27) (29) (22)
As % of sales 17.40 26 31.40 33.90
Operating profit 31.40 16.10 8.63 4.27
OPM 24.10 15.50 9.37 6.47
Depreciation (5.80) (2.20) (1.30) (2.30)
Interest expense (1.80) (1.20) (1.30) (1.90)
Other income 7.79 8 0.71 0.80
Profit before tax 31.60 20.70 6.79 0.85
Taxes (6.30) (2.40) (1.20) (0.80)
Tax rate (20) (12) (18) (88)
Minorities and other (2) (2.70) (1.30) (0.20)
Adj. profit 23.20 15.60 4.24 (0.10)
Exceptional items (5.90) -- (0.40) --
Net profit 17.30 15.60 3.81 (0.10)
yoy growth (%) 10.70 310 (3,598) --
NPM 13.30 15 4.14 (0.20)
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Profit before tax 31.60 20.70 6.79 0.85
Depreciation (5.80) (2.20) (1.30) (2.30)
Tax paid (6.30) (2.40) (1.20) (0.80)
Working capital 13.10 7.99 (8) --
Other operating items -- -- -- --
Operating cashflow 32.60 24.10 (3.70) --
Capital expenditure 5.93 2.23 (2.20) --
Free cash flow 38.50 26.30 (5.90) --
Equity raised 40.60 28.30 40.10 --
Investments 25.30 -- -- --
Debt financing/disposal (8.80) (8.80) 8.93 --
Dividends paid -- -- -- --
Other items -- -- -- --
Net in cash 95.60 45.80 43.10 --
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2019 Mar-2018 Mar-2017
Equity capital 3.12 3.12 3.12 3.12
Preference capital -- -- -- --
Reserves 47.40 45.70 29.80 14.10
Net worth 50.50 48.80 33 17.20
Minority interest
Debt -- 0.36 0.88 9.81
Deferred tax liabilities (net) -- -- 0.03 --
Total liabilities 50.50 54.80 38.50 28.90
Fixed assets 5.22 5.71 6.06 6.05
Intangible assets
Investments 25.30 9.96 -- --
Deferred tax asset (net) 4.19 4.30 3.48 1.49
Net working capital 1.32 20.60 22.80 18.30
Inventories -- -- -- --
Inventory Days -- -- -- --
Sundry debtors 22.90 25.90 23.60 18.20
Debtor days 64.20 -- 82.50 72
Other current assets 23.90 23.20 17.80 15.30
Sundry creditors (4) (10) (4.10) (5.80)
Creditor days 11.30 -- 14.50 23
Other current liabilities (41) (18) (14) (9.30)
Cash 14.50 14.30 6.20 3.04
Total assets 50.50 54.80 38.50 28.90
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Particulars ( Rupees In Crores.) Mar-2020 Mar-2019 Mar-2018 Mar-2017 Mar-2016
Gross Sales 130 150 104 92.10 66
Excise Duty -- -- -- -- --
Net Sales 130 150 104 92.10 66
Other Operating Income -- -- -- -- --
Other Income 7.79 7.46 8 0.71 0.80
Total Income 138 157 112 92.80 66.80
Total Expenditure ** 104 119 88.20 83.90 61.70
PBIDT 33.20 38.40 24.10 8.91 5.08
Interest 1.77 1.84 1.24 1.25 1.94
PBDT 31.40 36.60 22.90 7.66 3.13
Depreciation 5.83 1.31 2.22 1.29 2.28
Minority Interest Before NP -- -- -- -- --
Tax 6.22 13.60 2.54 1.21 1.11
Deferred Tax 0.08 (0.10) (0.10) -- (0.40)
Reported Profit After Tax 19.30 21.80 18.30 5.16 0.10
Minority Interest After NP 2.03 3.65 -- -- 0.21
Net Profit after Minority Interest 17.30 18.10 18.30 5.16 (0.10)
Extra-ordinary Items (4.50) -- -- (0.40) --
Adjusted Profit After Extra-ordinary item 21.80 18.10 18.30 5.59 (0.10)
EPS (Unit Curr.) 55.50 58.20 50.10 16.60 (0.40)
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- 100 -- -- --
Equity 3.12 3.12 3.12 3.12 3.12
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(%) 25.60 25.70 23.10 9.68 7.70
PBDTM(%) 24.20 24.40 21.90 8.32 4.74
PATM(%) 14.90 14.50 17.50 5.61 0.15