Zenith Steel Pipes & Industries Financial Statements

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Y/e 31 Mar Mar-2020 Mar-2018 Mar-2017 Mar-2016
Growth matrix (%)        
Revenue growth (40) 8.11 71.50 8.89
Op profit growth (32) 121 (49) (36)
EBIT growth (28) 34.30 17.70 (62)
Net profit growth (31) 23.70 1.65 (54)
Profitability ratios (%)        
OPM (28) (25) (12) (41)
EBIT margin (23) (19) (16) (23)
Net profit margin (28) (24) (21) (36)
RoCE (27) (17) (11) (8.20)
RoNW 3.73 9.48 11.60 21.30
RoA (8.10) (5.20) (3.60) (3.20)
Per share ratios ()        
EPS -- -- -- --
Dividend per share -- -- -- --
Cash EPS (2.80) (3.70) (3) (3)
Book value per share (19) (9.80) (6.70) (4.20)
Valuation ratios        
P/E -- -- -- --
P/CEPS (0.20) (0.50) (0.20) (0.20)
P/B -- (0.20) (0.10) (0.10)
EV/EBIDTA (17) (12) (17) (20)
Payout (%)        
Dividend payout -- -- -- --
Tax payout -- -- -- 4.77
Liquidity ratios        
Debtor days 225 261 274 424
Inventory days 16.80 18.20 36.90 63.80
Creditor days (186) (121) (107) (100)
Leverage ratios        
Interest coverage 5.08 4.26 2.82 1.99
Net debt / equity (1) (2.30) (3.40) (5.20)
Net debt / op. profit (8.50) (6.90) (16) (7.70)
Cost breakup ()        
Material costs (60) (86) (80) (76)
Employee costs (9.60) (5.30) (4.40) (8.10)
Other costs (59) (33) (28) (57)
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Y/e 31 Mar( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Revenue 101 170 157 91.50
yoy growth (%) (40) 8.11 71.50 8.89
Raw materials (61) (147) (125) (70)
As % of sales 59.90 86.40 79.70 76
Employee costs (9.70) (9) (6.90) (7.40)
As % of sales 9.57 5.33 4.40 8.06
Other costs (60) (56) (44) (52)
As % of sales 58.80 33.10 28 56.60
Operating profit (29) (42) (19) (37)
OPM (28) (25) (12) (41)
Depreciation (8.90) (7.30) (6.20) (6.10)
Interest expense (4.70) (7.70) (8.70) (10)
Other income 13.80 16.80 0.92 22.50
Profit before tax (28) (40) (33) (31)
Taxes -- -- -- (1.50)
Tax rate -- -- -- 4.77
Minorities and other -- -- -- --
Adj. profit (28) (40) (33) (33)
Exceptional items -- (0.60) (0.10) --
Net profit (28) (41) (33) (33)
yoy growth (%) (31) 23.70 1.65 (54)
NPM (28) (24) (21) (36)
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2018 Mar-2017 Mar-2016
Profit before tax (28) (40) (33) (31)
Depreciation (8.90) (7.30) (6.20) (6.10)
Tax paid -- -- -- (1.50)
Working capital (369) (224) (221) (83)
Other operating items -- -- -- --
Operating cashflow (406) (272) (260) (122)
Capital expenditure 25.40 25.40 7.03 4.70
Free cash flow (381) (247) (253) (117)
Equity raised (187) (52) (71) (236)
Investments (1) -- -- --
Debt financing/disposal 186 226 151 77
Dividends paid -- -- -- --
Other items -- -- -- --
Net in cash (383) (73) (172) (276)
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Y/e 31 Mar ( In .Cr) Mar-2020 Mar-2019 Mar-2018 Mar-2017
Equity capital 131 131 131 131
Preference capital -- -- -- --
Reserves (383) (373) (260) (219)
Net worth (251) (242) (129) (88)
Minority interest
Debt 247 283 296 300
Deferred tax liabilities (net) 5.05 5.05 6.71 6.71
Total liabilities 0.71 46.50 174 219
Fixed assets 65.90 89 93.10 105
Intangible assets
Investments 0.01 0.01 0.01 0.01
Deferred tax asset (net) -- -- 1.66 1.66
Net working capital (68) (47) 75.10 109
Inventories 5.35 0.97 3.96 12.90
Inventory Days 19.30 -- 8.52 30.10
Sundry debtors 8.82 36.10 116 126
Debtor days 31.80 -- 250 293
Other current assets 97.10 106 129 106
Sundry creditors (54) (69) (79) (62)
Creditor days 195 -- 169 144
Other current liabilities (125) (120) (95) (74)
Cash 2.77 4.54 4.31 2.78
Total assets 0.70 46.50 174 219
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Particulars ( Rupees In Crores.) Mar-2020 Mar-2019 Mar-2018 Mar-2017 Mar-2016
Gross Sales 101 184 170 156 91.50
Excise Duty -- -- -- 5.22 --
Net Sales 101 184 170 150 91.50
Other Operating Income -- -- -- -- --
Other Income 12.60 13.80 16.80 0.76 22.50
Total Income 114 197 186 151 114
Total Expenditure ** 132 304 211 169 130
PBIDT (18) (107) (25) (18) (16)
Interest 4.52 7.29 7.69 8.67 10.40
PBDT (23) (114) (32) (27) (27)
Depreciation 5.65 6.01 7.33 6.24 6.11
Minority Interest Before NP -- -- -- -- --
Tax -- -- -- -- 0.05
Deferred Tax -- -- -- -- --
Reported Profit After Tax (28) (120) (40) (33) (33)
Minority Interest After NP -- -- -- -- --
Net Profit after Minority Interest (28) (120) (40) (33) (33)
Extra-ordinary Items -- (6.60) (0.60) (0.10) (1.40)
Adjusted Profit After Extra-ordinary item (28) (114) (39) (33) (31)
EPS (Unit Curr.) (2.20) (9.20) (3) (2.50) (2.50)
Book Value (Unit Curr.) -- -- -- -- --
Dividend (%) -- -- -- -- --
Equity 131 131 131 131 131
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(%) (18) (58) (15) (12) (18)
PBDTM(%) (22) (62) (19) (18) (29)
PATM(%) (28) (65) (23) (22) (36)