Asian Electronics (Delisted) financials and balance sheet
BSE: 503940
Last traded ₹1.78 on 16 Mar 2015
Delisted on 4 Jul 2018.
6 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.Asian Electronics annual reports
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
- Loss
Peak revenue ₹228 Cr, year to Mar 2010A loss in 4 of the 6 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 2013
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue20
- Materials and goods−16
- Employee costs−6.3
- Other expenses−9.1
- Operating profit−11
- Depreciation−2.6
- One-off items−0.9
- Finance costs−0.4
- Profit before tax−14
- Net profit−14
Profit and loss
Standalone, ₹ crore, years to March.Asian Electronics quarterly results
| ₹ crore | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 |
|---|---|---|---|---|---|---|
| Revenue from operations | 220 | 214 | 228 | 147 | 85 | 20 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. | 163 | 190 | 190 | 189 | 185 | 31 |
| 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. | 90 | 134 | 156 | 161 | 152 | 16 |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. | 17 | 13 | 11 | 8 | 7 | 6 |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. | 56 | 42 | 23 | 21 | 27 | 9 |
| Operating profit before depreciationOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. | 57 | 24 | 38 | −42 | −100 | −11 |
| Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. | 25.8% | 11.4% | 16.6% | −28.6% | −116.6% | −52.1% |
| Materials, % of revenueMaterials, % of revenue. Raw materials used and goods bought for resale, adjusted for the change in stock, divided by revenue, times 100. | 41.0% | 62.7% | 68.5% | 109.3% | 177.6% | 76.3% |
| Employee costs, % of revenueEmployee costs, % of revenue. Salaries, wages and other staff costs divided by revenue, times 100. | 7.7% | 6.3% | 4.6% | 5.3% | 7.8% | 30.9% |
| 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. | 25.4% | 19.7% | 10.3% | 13.9% | 31.1% | 44.9% |
| 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. | 10 | 5 | 4 | 4 | 4 | 3 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. | 47 | 20 | 33 | −47 | −104 | −13 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. | 2 | – | – | – | – | – |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. | 23 | 21 | 28 | 25 | 20 | 0 |
| 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. | – | −2 | 5 | −71 | −124 | −14 |
| 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. | −179 | 7 | −4 | −8 | – | −1 |
| Profit before tax | −153 | 5 | 1 | −79 | −124 | −14 |
| Tax | 1 | 0 | −2 | – | – | – |
| Net profit | −154 | 5 | 3 | −79 | −124 | −14 |
| 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. | −70.0% | 2.4% | 1.3% | −53.8% | −144.6% | −71.0% |
Ratios
Standalone, years to March.
| Ratio | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 |
|---|---|---|---|---|---|---|
| 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. | – | −2.8% | 6.5% | −35.3% | −42.0% | −76.2% |
| 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. | – | −57.3% | 55.4% | – | – | – |
| 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. | – | – | −41.6% | – | – | – |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. | 2.0 | 0.9 | 1.2 | – | – | – |
Interest cover is left blank for the years to Mar 2011, Mar 2012 and Mar 2013: 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 2013.
| 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. | −37.9% | −55.3% |
| 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. | −33.9% | −65.7% |
| 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. | −53.1% | −89.8% |
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 |
|---|---|---|---|---|---|
| Effective tax rateEffective tax rate. Tax charged as a percentage of profit before tax.Published threshold 17.16 per cent | 6.16 | −262.96 | – | – | – |
A threshold marked as ours has no published figure; it is the line we read the check against.