WEP Solutions Financial Statements

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Y/e 31 Mar Mar-2020 Mar-2018 Mar-2017 Mar-2016
Growth matrix (%)        
Revenue growth (15) 0.17 (9.80) --
Op profit growth 53.90 (9.60) 1.44 --
EBIT growth (157) (145) (35) --
Net profit growth 44 (478) (47) --
Profitability ratios (%)        
OPM 18.30 10.10 11.10 9.90
EBIT margin 0.70 (1) 2.30 3.20
Net profit margin (3.10) (1.80) 0.48 0.82
RoCE 0.91 (1.70) 4.11 --
RoNW (1.30) (0.90) 0.27 --
RoA (1) (0.80) 0.22 --
Per share ratios ()        
EPS (0.80) -- 0.16 0.32
Dividend per share -- -- -- --
Cash EPS (5.70) (4.40) (3) (2.50)
Book value per share 15.80 16.80 16.50 13.30
Valuation ratios        
P/E (18) -- 332 68.90
P/CEPS (2.60) (9.10) (18) (9)
P/B 0.94 2.40 3.22 1.65
EV/EBIDTA 3.79 12.30 13.90 6.78
Payout (%)        
Dividend payout -- -- -- --
Tax payout 147 (17) (41) (33)
Liquidity ratios        
Debtor days 71.20 56.70 61.20 --
Inventory days 62.50 55.10 74.80 --
Creditor days (62) (56) (66) --
Leverage ratios        
Interest coverage (0.40) 0.88 (1.60) (1.60)
Net debt / equity 0.28 0.18 0.08 0.39
Net debt / op. profit 0.92 0.92 0.36 1.35
Cost breakup ()        
Material costs (37) (46) (51) (53)
Employee costs (18) (17) (13) (11)
Other costs (27) (27) (25) (27)
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Y/e 31 Mar( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Revenue 68.40 80.70 80.60 89.40
yoy growth (%) (15) 0.17 (9.80) --
Raw materials (25) (37) (41) (47)
As % of sales 37.10 46.40 50.70 52.60
Employee costs (12) (14) (10) (9.50)
As % of sales 17.70 16.80 12.70 10.70
Other costs (18) (22) (21) (24)
As % of sales 27 26.70 25.50 26.80
Operating profit 12.50 8.11 8.97 8.84
OPM 18.30 10.10 11.10 9.90
Depreciation (13) (9.60) (8) (6.40)
Interest expense (1.30) (0.90) (1.20) (1.80)
Other income 0.90 0.68 0.87 0.40
Profit before tax (0.90) (1.80) 0.66 1.10
Taxes (1.30) 0.30 (0.30) (0.40)
Tax rate 147 (17) (41) (33)
Minorities and other -- -- -- --
Adj. profit (2.10) (1.50) 0.39 0.74
Exceptional items -- -- -- --
Net profit (2.10) (1.50) 0.39 0.74
yoy growth (%) 44 (478) (47) --
NPM (3.10) (1.80) 0.48 0.82
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Profit before tax (0.90) (1.80) 0.66 1.10
Depreciation (13) (9.60) (8) (6.40)
Tax paid (1.30) 0.30 (0.30) (0.40)
Working capital (4.80) 1.45 (1.50) --
Other operating items -- -- -- --
Operating cashflow (20) (9.60) (9) --
Capital expenditure (30) 11.10 (11) --
Free cash flow (50) 1.46 (20) --
Equity raised 28.40 34.70 32.80 --
Investments -- -- -- --
Debt financing/disposal (0.40) 4.08 (4.10) --
Dividends paid -- -- -- --
Other items -- -- -- --
Net in cash (22) 40.30 8.57 --
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2019 Mar-2018 Mar-2017
Equity capital 26.30 26.20 26.60 25.10
Preference capital -- -- -- --
Reserves 15.20 17.20 15.50 16.30
Net worth 41.60 43.40 42.10 41.30
Minority interest
Debt 11.80 8.89 7.66 3.58
Deferred tax liabilities (net) 0.51 0.87 1.29 1.81
Total liabilities 53.90 53.10 51.10 46.70
Fixed assets 34.30 34 34.10 31.50
Intangible assets
Investments -- -- -- --
Deferred tax asset (net) 4.23 5.71 5.88 3.72
Net working capital 15.10 13.30 10.90 11.20
Inventories 12.40 10.20 11 13.40
Inventory Days 66.40 -- 49.60 60.60
Sundry debtors 13.40 12.90 13.30 11.80
Debtor days 71.60 -- 59.90 53.60
Other current assets 9 8.31 6.26 6.77
Sundry creditors (8.60) (9.10) (10) (12)
Creditor days 46 -- 46.90 53.40
Other current liabilities (11) (9) (9.30) (9)
Cash 0.26 0.21 0.19 0.34
Total assets 53.90 53.20 51 46.70
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Particulars ( Rupees In Crores.) Sep-2020 Mar-2020 Sep-2019 Mar-2019 Sep-2018
Gross Sales 22.60 33.80 34.50 37.70 38.90
Excise Duty -- -- -- -- --
Net Sales 22.60 33.80 34.50 37.70 38.90
Other Operating Income 0.01 0.02 0.01 0.02 0.01
Other Income 0.22 0.38 0.51 0.60 0.26
Total Income 22.80 34.20 35 38.40 39.20
Total Expenditure ** 19.50 27.10 28.80 33.30 35.40
PBIDT 3.35 7.17 6.21 5.07 3.84
Interest 0.75 0.70 0.64 0.53 0.54
PBDT 2.60 6.47 5.57 4.54 3.30
Depreciation 5.96 6.57 6.34 5.66 5.41
Minority Interest Before NP -- -- -- -- --
Tax -- 0.37 0.20 0.21 (0.10)
Deferred Tax (0.90) 0.97 (0.30) (0.30) 0.03
Reported Profit After Tax (2.50) (1.40) (0.70) (1.10) (2.10)
Minority Interest After NP -- -- -- -- --
Net Profit after Minority Interest (2.50) (1.40) (0.70) (1.10) (2.10)
Extra-ordinary Items -- -- -- -- --
Adjusted Profit After Extra-ordinary item (2.50) (1.40) (0.70) (1.10) (2.10)
EPS (Unit Curr.) (1) -- (0.30) -- (0.80)
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- -- -- -- --
Equity 26.30 26.30 26.20 26.20 25.60
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(%) 14.80 21.20 18 13.40 9.86
PBDTM(%) -- -- -- -- --
PATM(%) (11) (4.20) (2) (2.80) (5.30)