ABC Bearings (Delisted) financials and balance sheet
BSE: 505665
Last traded ₹437.65 on 21 Aug 2018
Delisted on 19 Feb 2019.
10 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.ABC Bearings annual reports
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
Operating and net margin, per cent
- Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs.
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
The years either side of a change of basis do not compare. From the year to Mar 2017, the company's revenue for that year, ₹211 Cr, differs from its quarters added, ₹205 Cr.
Results for the year to Mar 2018
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue193
- Operating expenses−163
- Operating profit31
- Depreciation−12
- Other income+2.3
- Finance costs−2.2
- Profit before tax19
- Tax−5.6
- Net profit13
Profit and loss
Standalone, ₹ crore, years to March.ABC Bearings quarterly results
| ₹ crore | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 134 | 164 | 205 | 177 | 149 | 141 | 163 | 180 | 211what Revenue from operations, Mar 2017, includes. This period's revenue includes excise duty of ₹21 crore, a tax on the goods the company makes that it collects and pays to the government. | 193what Revenue from operations, Mar 2018, includes. This period's revenue includes excise duty of ₹4.07 crore, a tax on the goods the company makes that it collects and pays to the government. |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. | 110 | 133 | 158 | 148 | 130 | 125 | 141 | 152 | 179 | 163 |
| Materials and goods boughtCost of materials and goods. Raw materials used and goods bought for resale in the period, adjusted for the change in stock held. | 65 | 82 | 90 | 85 | 72 | 72 | 79 | 90 | 89 | 90 |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. | – | – | – | 19 | 21 | 18 | 19 | 21 | – | – |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. | – | – | – | 44 | 37 | 35 | 43 | 42 | – | – |
| Operating profit before depreciationOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. | 25 | 31 | 46 | 29 | 19 | 17 | 22 | 27 | 31 | 31 |
| Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. | 18.5% | 18.8% | 22.6% | 16.5% | 12.9% | 12.0% | 13.2% | 15.2% | 14.9% | 15.8% |
| Materials, % of revenueMaterials, % of revenue. Raw materials used and goods bought for resale, adjusted for the change in stock, divided by revenue, times 100. | – | – | – | 48.0% | 48.0% | 50.7% | 48.7% | 50.0% | – | – |
| Employee costs, % of revenueEmployee costs, % of revenue. Salaries, wages and other staff costs divided by revenue, times 100. | – | – | – | 10.5% | 14.3% | 12.7% | 11.6% | 11.6% | – | – |
| Other expenses, % of revenueOther expenses, % of revenue. Operating costs besides materials and staff divided by revenue, times 100; with the two above and the operating margin it makes 100. | – | – | – | 24.9% | 24.8% | 24.6% | 26.4% | 23.2% | – | – |
| Depreciation and amortisationDepreciation and amortisation. The part of the cost of plant, buildings and other long-lived assets charged against each year they are used. | 5 | 4 | 4 | 6 | 9 | 10 | 12 | 13 | 13 | 12 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. | 20 | 27 | 42 | 23 | 11 | 7 | 10 | 15 | 19 | 19 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. | 2 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 1 | 2 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. | 11 | 1 | 1 | 1 | 3 | 4 | 6 | 7 | 5 | 2 |
| Profit before one-off items and taxProfit before one-off items and tax. Profit before tax as it would be without the one-off items below it, as the company states it. | 11 | 26 | 42 | 22 | 8 | 3 | 5 | 8 | 14 | 19 |
| One-off itemsExceptional items. Gains or losses the company reports separately because they are not expected to recur, such as selling a business or writing down an asset. | −1 | 5 | – | – | – | 4 | – | – | 4 | – |
| Profit before tax | 10 | 31 | 42 | 22 | 8 | 7 | 5 | 8 | 18 | 19 |
| 4 | 10 | 14 | 7 | 3 | 2 | 1 | 3 | 6 | 6 | |
| Net profit | 7 | 21 | 28 | 15 | 5 | 5 | 4 | 5 | 12 | 13 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 4.9% | 12.5% | 13.8% | 8.7% | 3.5% | 3.3% | 2.6% | 3.1% | 5.6% | 6.8% |
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2009, Mar 2010, Mar 2011, Mar 2017 and Mar 2018 they do not, so they are left blank.
Ratios
Standalone, years to March.
| Ratio | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growthRevenue growth. This year's revenue less last year's, divided by last year's, times 100; blank where last year's is not above nought. | −19.0% | 22.0% | 24.9% | −13.6% | −15.5% | −5.4% | 15.0% | 10.4% | – | −8.2% |
| Operating profit growthOperating profit growth. This year's operating profit before depreciation less last year's, divided by last year's, times 100; blank where last year's is not above nought. | −31.2% | 24.1% | 50.6% | −36.9% | −34.1% | −12.1% | 27.2% | 26.7% | – | −2.2% |
| Net profit growthNet profit growth. This year's net profit less last year's, divided by last year's, times 100; blank where last year's is not above nought. | −58.7% | 212.5% | 37.6% | −45.7% | −65.4% | −12.7% | −9.7% | 31.1% | 116.2% | 11.6% |
| Earnings per share growthEarnings per share growth. This year's earnings per share less last year's, on the same share count, divided by last year's, times 100; blank where last year's is not above nought. | – | – | – | – | – | – | – | – | – | 11.6% |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. | 1.8 | 38.1 | 78.6 | 15.8 | 3.4 | 1.8 | 1.7 | 2.1 | 3.6 | 8.4 |
Revenue growth and operating profit growth are left blank for the year to Mar 2017: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out.
Growth and returns over 3, 5 and 10 years
Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2018.
| Measure | 10 years | 5 years | 3 years |
|---|---|---|---|
| Revenue growth, yearly rateRevenue growth, yearly rate. 3 years: Revenue in the latest year ÷ revenue in the year three years before, to the power of one third, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 5 years: Revenue in the latest year ÷ revenue in the year five years before, to the power of one fifth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 10 years: Revenue in the latest year ÷ revenue in the year ten years before, to the power of one tenth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. | 1.5% | 5.3% | 5.9% |
| Profit growth, yearly rateProfit growth, yearly rate. 3 years: Profit to the company's own shareholders in the latest year ÷ profit to the company's own shareholders in the year three years before, to the power of one third, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 5 years: Profit to the company's own shareholders in the latest year ÷ profit to the company's own shareholders in the year five years before, to the power of one fifth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. 10 years: Profit to the company's own shareholders in the latest year ÷ profit to the company's own shareholders in the year ten years before, to the power of one tenth, − 1, × 100: the yearly rate it grew at; empty where either year is missing, nought or a loss, or a change of year end falls between them. | −1.8% | 20.0% | 46.8% |
| Operating margin, averageOperating margin, average. 3 years: The plain average of the yearly operating profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly operating profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly operating profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 16.0% | 14.2% | 15.3% |
| Net margin, averageNet margin, average. 3 years: The plain average of the yearly net profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly net profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly net profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 6.5% | 4.3% | 5.2% |
| Interest cover, averageInterest cover, average. 3 years: The plain average of the yearly interest cover over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly interest cover over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly interest cover over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 15.5 | 3.5 | 4.7 |
Accounting checks
Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Effective tax rateEffective tax rate. Tax charged as a percentage of profit before tax.Published threshold 17.16 per cent | 36.34 | 33.76 | 32.75 | 31.42 | 32.09 | 33.91 | 13.06 | 34.64 | 32.97 | 29.90 |
A threshold marked as ours has no published figure; it is the line we read the check against.