White Organic Agro Financial Statements

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Y/e 31 Mar Mar-2020 Mar-2017 Mar-2016 Mar-2015
Growth matrix (%)        
Revenue growth 825 469 (9.30) (44)
Op profit growth (10,212) (122) 107 (36)
EBIT growth (73) 239 16.20 11.90
Net profit growth (81) 292 18.70 40.20
Profitability ratios (%)        
OPM (1.40) 0.13 (3.40) (1.50)
EBIT margin 0.26 8.88 14.90 11.60
Net profit margin 0.14 6.98 10.10 7.73
RoCE 1.05 6.50 2.13 1.86
RoNW 0.16 1.28 0.36 0.31
RoA 0.15 1.28 0.36 0.31
Per share ratios ()        
EPS 0.10 1.15 0.29 0.25
Dividend per share -- -- -- --
Cash EPS 0.08 1.11 0.26 0.18
Book value per share 16.50 24.50 20.30 20
Valuation ratios        
P/E 49.10 20.70 34.90 28
P/CEPS 65.40 21.50 39.60 38.70
P/B 0.30 0.97 0.50 0.35
EV/EBIDTA 27.80 31.70 43.50 32.10
Payout (%)        
Dividend payout -- -- -- --
Tax payout (28) (21) (32) (34)
Liquidity ratios        
Debtor days 65.80 35.30 282 448
Inventory days 3.95 0.18 -- --
Creditor days (67) (30) (64) (116)
Leverage ratios        
Interest coverage -- -- -- --
Net debt / equity (0.10) -- -- --
Net debt / op. profit 1.22 (2.70) (0.90) (0.20)
Cost breakup ()        
Material costs (100) (93) (66) (70)
Employee costs (0.30) (1.60) (9.90) (10)
Other costs (1.40) (5.10) (27) (21)
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Y/e 31 Mar( In .Cr) Mar-2020 Mar-2017 Mar-2016 Mar-2015
Revenue 190 20.60 3.61 3.98
yoy growth (%) 825 469 (9.30) (44)
Raw materials (190) (19) (2.40) (2.80)
As % of sales 99.70 93.20 66 69.90
Employee costs (0.60) (0.30) (0.40) (0.40)
As % of sales 0.30 1.59 9.90 10.20
Other costs (2.70) (1.10) (1) (0.90)
As % of sales 1.43 5.12 27.40 21.40
Operating profit (2.70) 0.03 (0.10) (0.10)
OPM (1.40) 0.13 (3.40) (1.50)
Depreciation -- -- -- (0.10)
Interest expense -- -- -- --
Other income 3.15 1.85 0.71 0.60
Profit before tax 0.49 1.83 0.54 0.46
Taxes (0.10) (0.40) (0.20) (0.20)
Tax rate (28) (21) (32) (34)
Minorities and other (0.10) -- -- --
Adj. profit 0.28 1.43 0.37 0.31
Exceptional items -- -- -- --
Net profit 0.28 1.43 0.37 0.31
yoy growth (%) (81) 292 18.70 40.20
NPM 0.14 6.98 10.10 7.73
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2017 Mar-2016 Mar-2015
Profit before tax 0.49 1.83 0.54 0.46
Depreciation -- -- -- (0.10)
Tax paid (0.10) (0.40) (0.20) (0.20)
Working capital 24.50 (20) (18) 1.35
Other operating items -- -- -- --
Operating cashflow 24.80 (18) (18) 1.58
Capital expenditure (1.10) 0.06 -- --
Free cash flow 23.80 (18) (18) 1.58
Equity raised 53 28.40 24.50 24.40
Investments 24.40 26.20 19.20 (1)
Debt financing/disposal 1.93 0.03 0.18 0.06
Dividends paid -- -- -- --
Other items -- -- -- --
Net in cash 103 36.50 26.30 25.10
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2019 Mar-2018 Mar-2017
Equity capital 35 35 17.50 16.30
Preference capital -- -- -- --
Reserves 22.90 22.60 34.60 14.30
Net worth 57.90 57.60 52.10 30.60
Minority interest
Debt 1.93 0.73 0.43 --
Deferred tax liabilities (net) -- -- -- --
Total liabilities 62.30 60.10 54.30 30.60
Fixed assets 0.16 0.65 0.67 0.13
Intangible assets
Investments 24.40 20.60 23.50 26.70
Deferred tax asset (net) 0.01 0.01 0.02 0.02
Net working capital 32.60 29.40 25.10 3.70
Inventories 4.10 3.42 11.50 0.02
Inventory Days 7.87 -- -- 0.36
Sundry debtors 64.60 82.30 51.80 3.98
Debtor days 124 -- -- 70.70
Other current assets 39.10 9.32 5.55 4.11
Sundry creditors (67) (57) (41) (3.40)
Creditor days 129 -- -- 60.90
Other current liabilities (7.70) (8.70) (2.70) (1)
Cash 5.17 9.44 5 0.07
Total assets 62.30 60.10 54.30 30.60
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Particulars ( Rupees In Crores.) Mar-2019 Mar-2018 Mar-2017 Mar-2016 Mar-2015
Gross Sales 338 188 21.60 3.61 3.98
Excise Duty -- -- -- -- --
Net Sales 338 188 21.60 3.61 3.98
Other Operating Income -- -- -- -- 0.60
Other Income 1.77 2.56 0.72 0.71 --
Total Income 340 190 22.40 4.32 4.59
Total Expenditure ** 333 177 20.50 3.74 4.04
PBIDT 7.05 13.50 1.87 0.58 0.55
Interest -- -- -- -- --
PBDT 7.05 13.50 1.87 0.58 0.55
Depreciation 0.10 0.15 0.05 0.05 0.08
Minority Interest Before NP -- -- -- -- --
Tax 1.83 2.38 0.40 0.18 0.16
Deferred Tax 0.01 -- -- -- --
Reported Profit After Tax 5.11 11 1.43 0.37 0.31
Minority Interest After NP 0.14 1.20 -- -- --
Net Profit after Minority Interest 4.97 9.78 1.43 0.37 0.31
Extra-ordinary Items -- -- -- -- --
Adjusted Profit After Extra-ordinary item 4.97 9.78 1.43 0.37 0.31
EPS (Unit Curr.) 1.42 5.73 1.15 0.29 0.25
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- -- -- -- --
Equity 35 17.50 12.50 12.50 12.50
Public Shareholding (Number) -- -- 9,054,882 9,054,882 9,054,882
Public Shareholding (%) -- -- 72.40 72.40 72.40
Pledged/Encumbered - No. of Shares -- -- -- -- --
Pledged/Encumbered - % in Total Promoters Holding -- -- -- -- --
Pledged/Encumbered - % in Total Equity -- -- -- -- --
Non Encumbered - No. of Shares -- -- 3,445,118 3,445,118 3,445,118
Non Encumbered - % in Total Promoters Holding -- -- 100 100 100
Non Encumbered - % in Total Equity -- -- 27.60 27.60 27.60
PBIDTM(%) 2.09 7.19 8.65 16.10 13.80
PBDTM(%) 2.09 7.19 8.65 16.10 13.80
PATM(%) 1.51 5.84 6.61 10.20 7.79