Amtek Auto (Delisted) financials and balance sheet
BSE: 520077Auto Components
Last traded ₹2.75 on 1 Apr 2019
Delisted on 27 Sep 2021.
10 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to June, then September, then March.Amtek Auto annual reports
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
- Loss
A loss in 5 of the 9 years with results on record
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 company moved its year end from June to September: its last year to June on record ended in Jun 2012, its first year to September in Sep 2014. The company moved its year end from September to March: its last year to September on record ended in Sep 2015, its first year to March in Mar 2017.
The years either side of a change of basis do not compare. From the year to Jun 2011, the company's revenue for that year, ₹1,960 Cr, differs from its quarters added, ₹1,793 Cr. From the year to Jun 2012, the company's revenue for that year, ₹2,454 Cr, differs from its quarters added, ₹2,286 Cr. From the year to Mar 2018, the company's revenue for that year, ₹1,460 Cr, differs from its quarters added, ₹1,422 Cr. From the year to Mar 2019, the company's revenue for that year, ₹1,136 Cr, differs from its quarters added, ₹1,147 Cr.
Results for the year to Mar 2020
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue729
- Materials and goods−541
- Employee costs−77
- Other expenses−862
- Operating profit−751
- Depreciation−331
- Other income+19
- One-off items−4.3
- Finance costs−17
- Profit before tax−1,083
- Tax0.0
- Net profit−1,083
What the company owns
- Plant, investments and other assets₹2,232 Cr
- Cash and bank₹103 Cr
- Inventory₹101 Cr
- Receivables₹62 Cr
What pays for it: net worth and liabilities
- Borrowings₹2,011 Cr
- Owed to suppliers₹260 Cr
- Other liabilities₹228 Cr
Profit and loss
Standalone, ₹ crore, years to June, then September, then March. No results on record for the year to Sep 2013.Amtek Auto quarterly results
| ₹ crore | Jun 2010 | Jun 2011 | Jun 2012 | Sep 2013 | Sep 2014 | Sep 2015 | Mar 2017 | Mar 2018Filed 23 Jan | Mar 2019Filed 13 Jun | Mar 2020Filed 22 Jan |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,278 | 1,960 | 2,454 | – | 4,000 | 3,774 | 1,950 | 1,460 | 1,136 | 729 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. | 933 | – | – | – | 2,770 | – | 1,587 | 3,147 | 1,102 | 1,480 |
| 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. | 776 | 1,112 | 1,376 | – | 2,335 | – | 1,239 | 1,042 | 793 | 541 |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. | 60 | – | – | – | 147 | – | 130 | 102 | 94 | 77 |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. | 96 | – | – | – | 288 | – | 218 | 2,003 | 215 | 862 |
| Operating profit before depreciationOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. | 345 | – | – | – | 1,230 | – | 363 | −1,687 | 34 | −751 |
| Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. | 27.0% | – | – | – | 30.8% | – | 18.6% | −115.6% | 3.0% | −103.0% |
| Materials, % of revenueMaterials, % of revenue. Raw materials used and goods bought for resale, adjusted for the change in stock, divided by revenue, times 100. | 60.7% | – | – | – | 58.4% | – | 63.5% | 71.4% | 69.8% | 74.2% |
| Employee costs, % of revenueEmployee costs, % of revenue. Salaries, wages and other staff costs divided by revenue, times 100. | 4.7% | – | – | – | 3.7% | – | 6.7% | 7.0% | 8.3% | 10.6% |
| 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. | 7.5% | – | – | – | 7.2% | – | 11.2% | 137.2% | 18.9% | 118.2% |
| 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. | 167 | 186 | – | – | 329 | – | 569 | 711 | 334 | 331 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. | 179 | – | – | – | 901 | – | −206 | −2,398 | −300 | −1,082 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. | 147 | 161 | – | – | – | – | 33 | 75 | 19 | 19 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. | 113 | 149 | 186 | – | 429 | 775 | 1,367 | 582 | 11 | 17 |
| 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. | 212 | 319 | 410 | – | 472 | −344 | −1,540 | −2,905 | −292 | −1,079 |
| 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. | – | – | – | – | – | 157 | −704 | −8,708 | −65 | −4 |
| Profit before tax | 212 | 319 | 410 | – | 472 | −187 | −2,244 | −11,613 | −357 | −1,083 |
| 58 | 51 | 118 | – | 149 | −72 | −620 | 537 | 0 | 0 | |
| Net profit | 143 | 82 | 292 | – | 323 | −116 | −1,624 | −12,151 | −357 | −1,083 |
| Other comprehensive incomeOther comprehensive income. Gains and losses booked straight to net worth rather than through profit, such as changes in the value of some investments, pension plans and currency translation. | – | – | – | – | – | – | – | 2 | 1 | 2 |
| Total comprehensive incomeTotal comprehensive income. Net profit plus other comprehensive income. | – | – | – | – | – | – | – | −12,149 | −356 | −1,082 |
| 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. | 11.2% | 4.2% | 11.9% | – | 8.1% | −3.1% | −83.3% | −832.3% | −31.4% | −148.6% |
Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the year to Jun 2011: revenue, other income and exceptional items less the total expenses stated do not come to the profit before tax the same statement states, so the operating expenses cannot be told apart from the rest. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the years to Jun 2012 and Sep 2015: the statement does not state its depreciation, which operating profit is worked out from, so operating profit is not given.
Balance sheet
Standalone, ₹ crore, at 30 June, then 30 September, then 31 March. The last column is the half year to Sep 2020, after the latest full year: the balance sheet at its end.
| ₹ crore | Mar 2018Filed 23 Jan | Mar 2019Filed 13 Jun | Mar 2020Filed 22 Jan | Sep 2020Half yearFiled 21 Jun |
|---|---|---|---|---|
| Net worth. What the company owns less everything it owes: the money shareholders have in the business, paid in and kept from profits. | −9,072 | −9,428 | −10,509 | −10,759 |
| Share capitalShare capital. The face value of all the shares the company has issued. | 50 | 50 | 50 | 50 |
| ReservesReserves. The rest of the shareholders' net worth: profits kept in the business over the years, and money paid for shares above their face value. | −9,122 | −9,477 | −10,559 | −10,809 |
| BorrowingsBorrowings. Loans, bonds and other money the company has borrowed and must repay with interest. | 2,005 | 2,011 | 2,011 | 2,011 |
| Liabilities due within a year. Everything the company must pay within twelve months: borrowings falling due, suppliers, and other dues and provisions. | 13,001 | 12,993 | 12,951 | 12,943 |
| Liabilities due after a year. Everything the company owes that falls due more than twelve months on, borrowings among it. | 15 | 17 | 56 | 57 |
| Total assets. Everything the company owns or controls: plant, investments, stock, money owed by customers and cash. | 3,944 | 3,582 | 2,498 | 2,241 |
| Assets held for longer than a year. Everything the company owns that it does not expect to turn into cash within twelve months: plant, intangibles, long-term investments, loans given and the like. | 3,318 | 2,963 | 1,961 | 1,796 |
| Assets turning to cash within a year. Everything the company expects to turn into cash or use up within twelve months: stock, money owed by customers, cash and short-term investments. | 549 | 541 | 461 | 368 |
| Net debtNet debt. Borrowings less cash, other bank balances and current investments: what the company would still owe if it used its cash to repay. | 1,985 | 1,965 | 1,907 | 1,879 |
Borrowings are counted again inside the liabilities due within a year and after a year. Plant in use and plant being built are given for full years only. No balance sheet is on record for the years to Jun 2010, Jun 2011, Jun 2012, Sep 2014, Sep 2015 and Mar 2017, so its lines and the ratios worked from it are blank there.
Cash flow
Standalone, ₹ crore, years to June, then September, then March. The last column is the half year to Sep 2020, after the latest full year: the cash flow over its six months.
| ₹ crore | Sep 2020Half yearFiled 21 Jun |
|---|---|
| Cash from operations. Cash the business brought in from its operations in the period, after paying suppliers, staff and tax. | 27.3 |
| Cash generated before tax. Cash from operations before income tax paid: profit before tax, with non-cash items added back and the change in working capital. | 27.8 |
| Change in working capital. Cash taken up, below nought, or released by the change in stock, money owed by customers, money owed to suppliers and other short-term items over the year. | 44.9 |
| ReceivablesChange in receivables. Cash taken up, below nought, or released by the change in what customers owe. | 12.7 |
| InventoriesChange in inventories. Cash taken up, below nought, or released by the change in stock held. | 33.0 |
| PayablesChange in payables. Cash kept, above nought, or paid out by the change in what the company owes suppliers. | −13.6 |
| Other working capitalOther working capital. The working-capital change from every other short-term item: advances, provisions, other assets and liabilities. | 12.9 |
| Tax paidTax paid. Income tax paid in cash during the year, net of refunds. | −0.6 |
| Capital spendingCapital spending. Cash spent in the period on plant, equipment, buildings and other long-lived assets. | 1.4 |
| Free cash flowFree cash flow. Cash from operations less capital spending: what is left to repay borrowings, pay dividends or keep. | 25.9 |
| Cash from investing. Cash spent on, below nought, or received from plant, investments, businesses bought or sold, and interest and dividends received. | 10.3 |
| Cash from financingCash from financing. Cash raised from, or paid to, lenders and shareholders: borrowings taken and repaid, interest, lease payments, dividends and shares issued or bought back. | 0.0 |
| Dividends paidDividends paid. Cash paid to shareholders as dividends during the period. | 0.0 |
| Shares bought backShares bought back. Cash spent buying the company's own shares back from shareholders. | 0.0 |
| Shares issuedShares issued. Cash raised by selling new shares. | 0.0 |
| Net change in cashNet change in cash. Cash from operations, investing and financing added together: how much cash and cash equivalents rose or fell over the year, before currency effects. | 37.6 |
Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only.
Ratios
Standalone, years to June, then September, then March.
| Ratio | Jun 2010 | Jun 2011 | Jun 2012 | Sep 2013 | Sep 2014 | Sep 2015 | Mar 2017 | Mar 2018Filed 23 Jan | Mar 2019Filed 13 Jun | Mar 2020Filed 22 Jan |
|---|---|---|---|---|---|---|---|---|---|---|
| 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. | 21.4% | – | – | – | – | −5.6% | – | – | – | −35.8% |
| 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. | 35.8% | – | – | – | – | – | – | – | – | – |
| 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. | −6.6% | – | – | – | – | – | – | – | – | – |
| 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. | −20.8% | – | – | – | – | – | – | – | – | – |
| Return on equity. Profit belonging to shareholders as a percentage of their average net worth over the year. | – | – | – | – | – | – | – | 133.9%what Return on equity, Mar 2018, includes. This year's return on equity, asset turnover and assets per rupee of net worth are on its year-end balance sheet: none a year before is on record to average with. | 3.9% | 10.9% |
| Change in return on equity. This year's return on equity less last year's, in percentage points, split below into what came from the margin, turnover and borrowing, which add up to it. | – | – | – | – | – | – | – | – | −130.1 pts | 7.0 pts |
| From the net marginChange from the net margin. The part of the change in return on equity that came from profit per rupee of sales. | – | – | – | – | – | – | – | – | −128.9 pts | 14.4 pts |
| From asset turnoverChange from asset turnover. The part of the change in return on equity that came from sales per rupee of assets. | – | – | – | – | – | – | – | – | −0.9 pts | −3.7 pts |
| From borrowingChange from borrowing. The part of the change in return on equity that came from assets per rupee of net worth. | – | – | – | – | – | – | – | – | −0.3 pts | −3.6 pts |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. | 1.6 | – | – | – | 2.1 | – | – | – | – | – |
| Receivable daysReceivable days. Trade receivables divided by revenue, times 365: the average days customers take to pay. | – | – | – | – | – | – | – | 50 | 42 | 31 |
| Inventory daysInventory days. Inventories divided by the cost of materials and goods, times 365: the days of stock the company holds. | – | – | – | – | – | – | – | 52 | 74 | 68 |
| Payable daysPayable days. Trade payables divided by the cost of materials and goods, times 365: the average days the company takes to pay suppliers. | – | – | – | – | – | – | – | 110 | 142 | 175 |
| Cash conversion cycle, daysCash conversion cycle. Receivable days plus inventory days less payable days: how long money is tied up between paying suppliers and being paid by customers. | – | – | – | – | – | – | – | −8 | −26 | −76 |
| Working capital daysWorking capital days. Assets turning to cash within a year, less cash, bank deposits and current investments, minus liabilities due within a year, less borrowings, divided by the year's revenue, times 365. | – | – | – | – | – | – | – | −2,617 | −3,370 | −5,298 |
| Asset turnoverAsset turnover. Revenue divided by average total assets: rupees of sales for each rupee of assets. | – | – | – | – | – | – | – | 0.37 | 0.30 | 0.24 |
| Assets per rupee of net worthAssets per rupee of net worth. Average total assets divided by average net worth: how far borrowings and other liabilities stretch the shareholders' money. | – | – | – | – | – | – | – | −0.43 | −0.41 | −0.31 |
| Sales per rupee of plantSales per rupee of plant. Revenue divided by the net block: rupees of sales for each rupee of plant in use. | – | – | – | – | – | – | – | 0.59 | 0.53 | 0.39 |
| Plant being built, % of plant in useCapital work in progress, % of net block. Plant still being built as a percentage of the plant in use. | – | – | – | – | – | – | – | 0.0% | 0.0% | 0.1% |
Revenue growth, net profit growth and earnings per share growth are left blank for the years to Jun 2011 and Jun 2012: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out. Interest cover is left blank for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020: operating profit after depreciation is a loss, and a loss covers no interest bill. Debt to equity is left blank for the years to Mar 2018, Mar 2019 and Mar 2020: net worth is below zero, so there is no shareholders' money to set the borrowings against. Return on capital employed is left blank for the years to Mar 2018, Mar 2019 and Mar 2020: net worth and borrowings together come to nought or less, so there is no money employed to set the operating profit against. Revenue growth is left blank for the years to Mar 2018 and Mar 2019: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out. No balance sheet is on record for the years to Jun 2010, Jun 2011, Jun 2012, Sep 2014, Sep 2015 and Mar 2017, so its lines and the ratios worked from it are blank there.
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 2020.
- Return on assets, latest yearReturn on assets, latest year. Profit to the company's own shareholders in the latest year ÷ the average of that year's opening and closing total assets × 100; empty for a bank, a lender or an insurer, whose own return on assets is shown with its accounts.
- −35.6%
| Measure | 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. | – | −28.0% |
| Return on equity, averageReturn on equity, average. 3 years: The plain average of the yearly return on equity 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 return on equity 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 return on equity over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | – | 49.6% |
| 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. | −49.2% | −71.9% |
| 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. | −273.9% | −337.4% |
| Asset turnover, averageAsset turnover, average. 3 years: The plain average of the yearly asset turnover 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 asset turnover 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 asset turnover over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | – | 0.30 |
| Cash conversion cycle, days, averageCash conversion cycle, days, average. 3 years: The plain average of the yearly cash conversion cycle in days 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 cash conversion cycle in days 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 cash conversion cycle in days over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | – | −37 |
Accounting checks
Standalone, years to June, then September, then March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Jun 2010 | Jun 2011 | Jun 2012 | Sep 2013 | Sep 2014 | Sep 2015 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Receivables growth less revenue growthReceivables growth less revenue growth. The growth in money owed by customers less the growth in revenue, in percentage points.Our threshold 0 percentage points | – | – | – | – | – | – | – | – | – | −16.69 |
| Inventory growth less cost-of-goods growthInventory growth less cost-of-goods growth. The growth in stock held less the growth in the cost of goods sold, in percentage points.Our threshold 0 percentage points | – | – | – | – | – | – | – | – | – | −5.09 |
| Other current assets growth less revenue growthOther current assets growth less revenue growth. The growth in other current assets less the growth in revenue, in percentage points.Our threshold 5 per cent of revenue | – | – | – | – | – | – | – | – | – | −1.22 |
| Assets under construction, years of additionsAssets under construction, years of additions. Capital work in progress divided by the year's additions to plant: how many years of building stand unfinished.Our threshold 2 years of additions | – | – | – | – | – | – | – | – | – | 0.02 |
| Effective tax rateEffective tax rate. Tax charged as a percentage of profit before tax.Published threshold 17.16 per cent | 27.22 | 16.04 | 28.86 | – | 31.50 | – | – | – | – | – |
A threshold marked as ours has no published figure; it is the line we read the check against.