ABG Shipyard (Delisted) financials and balance sheet
BSE: 532682
Last traded ₹1.20 on 15 May 2019
Delisted on 19 Oct 2020.
10 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.ABG Shipyard annual reports
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
- Loss
Peak revenue ₹2,392 Cr, year to Mar 2012A loss in 5 of the 10 years shown
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.
Results for the year to Mar 2018
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue6.6
- Materials and goods−159
- Employee costs−26
- Other expenses−94
- Operating profit−273
- Depreciation−60
- Other income+2.2
- One-off items−2,686
- Finance costs−1,912
- Profit before tax−4,929
- Tax−88
- Net profit−5,016
Profit and loss
Standalone, ₹ crore, years to March.ABG Shipyard 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 | 1,412 | 1,808 | 2,077 | 2,392 | 2,100 | 1,595 | 392 | 34 | 16 | 7 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. | 1,081 | 1,335 | 1,577 | 1,724 | 1,471 | 1,158 | 684 | 1,849 | 424 | 279 |
| 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. | 1,054 | 1,162 | 877 | 1,248 | 995 | 726 | 227 | 333 | 179 | 159 |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. | – | – | – | 85 | 86 | 69 | 65 | 47 | 39 | 26 |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. | – | – | – | 390 | 390 | 363 | 391 | 1,469 | 205 | 94 |
| Operating profit before depreciationOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. | 331 | 472 | 500 | 668 | 629 | 437 | −291 | −1,814 | −407 | −273 |
| Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. | 23.4% | 26.1% | 24.1% | 27.9% | 30.0% | 27.4% | −74.3% | −5,294.4% | −2,483.8% | −4,137.2% |
| Materials, % of revenueMaterials, % of revenue. Raw materials used and goods bought for resale, adjusted for the change in stock, divided by revenue, times 100. | – | – | – | 52.2% | 47.4% | 45.5% | 58.0% | 970.9% | 1,093.0% | 2,411.5% |
| Employee costs, % of revenueEmployee costs, % of revenue. Salaries, wages and other staff costs divided by revenue, times 100. | – | – | – | 3.6% | 4.1% | 4.3% | 16.7% | 137.6% | 240.8% | 393.5% |
| 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. | – | – | – | 16.3% | 18.6% | 22.8% | 99.6% | 4,285.8% | 1,249.9% | 1,432.1% |
| 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. | 14 | 39 | 63 | 99 | 103 | 92 | 99 | 82 | 71 | 60 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. | 317 | 434 | 437 | 568 | 526 | 345 | −391 | −1,896 | −478 | −333 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. | 7 | 15 | 4 | 41 | 49 | 40 | 10 | 3 | 5 | 2 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. | 74 | 151 | 139 | 331 | 401 | 609 | 805 | 857 | 1,504 | 1,912 |
| 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. | 250 | 298 | 301 | 279 | 174 | −224 | −1,186 | −2,750 | −1,977 | −2,243 |
| 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. | – | 29 | −21 | – | – | −72 | – | −975 | −3,739 | −2,686 |
| Profit before tax | 250 | 327 | 280 | 279 | 174 | −296 | −1,186 | −3,724 | −5,716 | −4,929 |
| Tax | 79 | 98 | 91 | 98 | 67 | −97 | −288 | −19 | – | 88 |
| Net profit | 171 | 229 | 189 | 180 | 107 | −199 | −898 | −3,705 | −5,716 | −5,016 |
| 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. | 12.1% | 12.7% | 9.1% | 7.5% | 5.1% | −12.5% | −228.9% | −10,810.4% | −34,858.9% | −76,061.2% |
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 and Mar 2011 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. | 46.1% | 28.0% | 14.9% | 15.2% | −12.2% | −24.0% | −75.4% | −91.3% | −52.2% | −59.8% |
| 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. | 13.5% | 42.7% | 5.8% | 33.6% | −5.8% | −30.5% | – | – | – | – |
| 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. | 6.5% | 33.8% | −17.5% | −4.5% | −40.6% | – | – | – | – | – |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. | 4.3 | 2.9 | 3.1 | 1.7 | 1.3 | 0.6 | – | – | – | – |
Interest cover is left blank for the years to Mar 2015, Mar 2016, Mar 2017 and Mar 2018: operating profit after depreciation is a loss, and a loss covers no interest bill.
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. | −39.3% | −68.4% | −74.4% |
| 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. | −1,183.1% | −2,392.4% | −3,971.8% |
| 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. | −12,192.5% | −24,394.4% | −40,576.8% |
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 | 31.54 | 30.06 | 32.62 | 35.33 | 38.32 | – | – | – | – | – |
A threshold marked as ours has no published figure; it is the line we read the check against.