Cairn India (Delisted) financials and balance sheet
BSE: 532792
Last traded ₹285.35 on 25 Apr 2017
Delisted on 8 Jan 2018.
9 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to December, then March.Cairn India annual reports
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
- Loss
Peak revenue ₹9,928 Cr, year to Mar 2014A loss in 3 of the 8 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 December to March: its last year to December on record ended in Dec 2007, its first year to March in Mar 2010.
Results for the year to Mar 2016
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue4,649
- Operating expenses−2,871
- Operating profit1,778
- Depreciation−1,590
- Other income+1,003
- One-off items−281
- Finance costs−18
- Profit before tax893
- Tax−40
- Net profit854
Profit and loss
Standalone, ₹ crore, years to December, then March. No results on record for the year to Mar 2009.Cairn India quarterly results
| ₹ crore | Dec 2007 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1 | – | 3 | 2 | 9 | 9,201 | 9,928 | 7,807 | 4,649 |
| Operating expensesOperating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. | – | – | 170 | 121 | – | 2,327 | 2,859 | 3,660 | 2,871 |
| Operating profit before depreciationOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. | – | – | −167 | −119 | – | 6,874 | 7,068 | 4,147 | 1,778 |
| Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. | – | – | −5,224.7% | −4,964.9% | – | 74.7% | 71.2% | 53.1% | 38.2% |
| 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. | – | – | 0 | 0 | – | 962 | 1,182 | 1,337 | 1,590 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. | – | – | −167 | −119 | – | 5,912 | 5,887 | 2,810 | 188 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. | 33 | – | 160 | 93 | 240 | 900 | 1,902 | 1,048 | 1,003 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. | 0 | – | 66 | 187 | 111 | 66 | 6 | 8 | 18 |
| 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. | – | – | −73 | −213 | 48 | 6,745 | 7,775 | 3,850 | 1,174 |
| 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. | – | – | – | – | – | – | – | −2,256 | −281 |
| Profit before tax | −47 | – | −73 | −213 | 48 | 6,745 | 7,775 | 1,594 | 893 |
| Tax | 32 | – | −4 | – | 4 | 264 | 321 | 274 | 40 |
| Net profit | −79 | – | −69 | −213 | 44 | 14,747 | 7,454 | 1,320 | 854 |
| 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. | −6,201.2% | – | −2,154.7% | −8,898.3% | 499.5% | 160.3% | 75.1% | 16.9% | 18.4% |
Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the years to Dec 2007 and Mar 2012: the statement does not state its depreciation, which operating profit is worked out from, so operating profit is not given.
Ratios
Standalone, years to December, then March.
| Ratio | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
|---|---|---|---|---|---|---|
| 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. | −25.3% | 268.2% | 1,04,456.6% | 7.9% | −21.4% | −40.4% |
| 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. | – | – | – | 2.8% | −41.3% | −57.1% |
| 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. | – | – | 33,445.9% | −49.5% | −82.3% | −35.3% |
| 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. | – | – | 33,487.0% | −49.5% | −82.0% | −35.3% |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. | – | – | 89.0 | 912.7 | 346.5 | 10.6 |
Interest cover is left blank for the years to Mar 2010 and Mar 2011: 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 2016.
| 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. | 354.8% | −20.3% |
| 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. | – | −61.3% |
| 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. | 59.3% | 54.2% |
| 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. | 154.0% | 36.8% |
| 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. | 339.7 | 423.2 |
Accounting checks
Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
|---|---|---|---|---|---|
| Effective tax rateEffective tax rate. Tax charged as a percentage of profit before tax.Published threshold 17.16 per cent | 7.45 | 3.92 | 4.13 | 17.21 | – |
A threshold marked as ours has no published figure; it is the line we read the check against.