Capital First (Delisted) financials and balance sheet
BSE: 532938
Formerly Future Capital Holdings
Last traded ₹587.20 on 27 Dec 2018
Delisted on 19 Feb 2019.
10 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.Capital First 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 2010, the company's revenue for that year, ₹55 Cr, differs from its quarters added, ₹82 Cr.
Results for the year to Mar 2018
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue3,593
- Employee costs−316
- Other expenses−1,536
- Operating profit1,741
- Depreciation−28
- Other income+35
- One-off items+29
- Finance costs−1,294
- Profit before tax484
- Tax−157
- Net profit327
Profit and loss
Standalone, ₹ crore, years to March. No results on record for the year to Mar 2016.Capital First 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 | 132 | 55 | 239 | 702 | 798 | 1,079 | 1,424 | – | 2,716 | 3,593 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. | – | – | – | – | 252 | 349 | 472 | – | 1,250 | 1,852 |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. | – | – | – | – | – | – | – | – | – | 316 |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. | – | – | – | – | – | – | – | – | – | 1,536 |
| Operating profit before depreciationOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. | – | – | – | – | 546 | 730 | 952 | – | 1,466 | 1,741 |
| Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. | – | – | – | – | 68.4% | 67.7% | 66.9% | – | 54.0% | 48.5% |
| Employee costs, % of revenueEmployee costs, % of revenue. Salaries, wages and other staff costs divided by revenue, times 100. | – | – | – | – | – | – | – | – | – | 8.8% |
| 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. | – | – | – | – | – | – | – | – | – | 42.7% |
| 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. | – | – | – | – | 6 | 6 | 10 | – | 17 | 28 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. | – | – | – | – | 541 | 724 | 942 | – | 1,450 | 1,713 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. | 3 | 1 | 25 | 1 | 2 | 1 | 2 | – | 11 | 35 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. | 27 | 9 | 106 | 396 | 488 | 650 | 783 | – | 1,128 | 1,294 |
| 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. | 10 | 21 | 75 | 135 | 54 | 75 | 161 | – | 332 | 455 |
| 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. | – | – | – | – | 24 | −34 | – | – | – | 29 |
| Profit before tax | 10 | 21 | 75 | 135 | 78 | 41 | 161 | – | 332 | 484 |
| 1 | 3 | 20 | 43 | 9 | 4 | 49 | – | 115 | 157 | |
| Net profit | 9 | 17 | 55 | 92 | 70 | 37 | 112 | – | 217 | 327 |
| 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. | 7.0% | 31.3% | 23.2% | 13.1% | 8.7% | 3.4% | 7.9% | – | 8.0% | 9.1% |
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2013, Mar 2014, Mar 2015 and Mar 2017 they do not, so they are left blank. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the years to Mar 2009, Mar 2010, Mar 2011 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 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. | 153.1% | – | 331.5% | 194.3% | 13.7% | 35.2% | 32.0% | – | – | 32.3% |
| 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. | – | – | – | – | – | 33.6% | 30.4% | – | – | 18.8% |
| 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. | 4.7% | – | 219.1% | 66.8% | −24.3% | −47.0% | 202.9% | – | – | 50.8% |
| 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. | −11.4% | – | 215.0% | 65.5% | −26.3% | −50.4% | 159.2% | – | – | 43.5% |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. | – | – | – | – | 1.1 | 1.1 | 1.2 | – | 1.3 | 1.3 |
Revenue growth, net profit growth and earnings per share growth are left blank for the year to Mar 2010: 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. | 52.6% | 35.1% | 36.2% |
| 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. | 43.4% | 36.2% | 42.9% |
| 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. | – | 59.2% | 51.2% |
| 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. | 12.4% | 7.1% | 8.5% |
| 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. | – | 1.2 | 1.3 |
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 | 5.48 | 16.74 | 26.50 | 31.77 | 11.05 | 9.55 | 30.56 | – | – | – |
A threshold marked as ours has no published figure; it is the line we read the check against.