Cox & Kings Financial Service financials and balance sheet
BSE: 542641Finance
Trading suspended since 14 Dec 2021
Last traded ₹0.34 on 13 Dec 2021
1 year at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.Cox & Kings Financial Service 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.
Results for the year to Mar 2019
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue102
- Operating expenses−53
- Operating profit49
- Depreciation−0.4
- Other income+0.6
- One-off items0.0
- Finance costs−44
- Profit before tax5.0
- Tax−1.6
- Net profit3.3
What the company owns
- Receivables₹459 Cr
- Cash and bank₹42 Cr
- Plant, investments and other assets₹20 Cr
What pays for it: net worth and liabilities
- Borrowings₹400 Cr
- Net worth₹90 Cr
- Other liabilities₹32 Cr
Profit and loss
Standalone, ₹ crore, years to March.Cox & Kings Financial Service quarterly results
| ₹ crore | Mar 2019Filed 19 Jul |
|---|---|
| Revenue from operations | 102 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. | 53 |
| 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. | 0 |
| Operating profit before depreciationOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. | 49 |
| Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. | 48.2% |
| 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 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. | 49 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. | 1 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. | 44 |
| 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. | 0 |
| Profit before tax | 5 |
| 2 | |
| Net profit | 3 |
| 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. | 0 |
| Total comprehensive incomeTotal comprehensive income. Net profit plus other comprehensive income. | 3 |
| 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. | 3.3% |
Balance sheet
Standalone, ₹ crore, at 31 March.
| ₹ crore | Mar 2019Filed 19 Jul |
|---|---|
| Net worth. What the company owns less everything it owes: the money shareholders have in the business, paid in and kept from profits. | 90 |
| Share capitalShare capital. The face value of all the shares the company has issued. | 73 |
| 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. | 17 |
| BorrowingsBorrowings. Loans, bonds and other money the company has borrowed and must repay with interest. | 400 |
| Total assetsTotal assets. Everything the company owns or controls: plant, investments, stock, money owed by customers and cash. | 522 |
| Plant in use, after depreciationNet block. Plant, buildings and equipment in use, at what they cost less the depreciation charged on them so far. | 1 |
| Plant being builtCapital work in progress. Plant and buildings still being built at the year end and not yet in use. | 0 |
| Trade receivablesTrade receivables. Money customers owe the company for goods and services already delivered. | 459 |
| Cash and cash equivalentsCash and cash equivalents. Cash in hand and at the bank, and deposits that can be turned into cash within three months. | 42 |
| 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. | 358 |
Borrowings are counted again inside the liabilities due within a year and after a year.
Ratios
Standalone, years to March.
| Ratio | Mar 2019Filed 19 Jul |
|---|---|
| Return on equityReturn on equity. Profit belonging to shareholders as a percentage of their average net worth over the year. | 3.7%what Return on equity, Mar 2019, 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. |
| Return on capital employedReturn on capital employed. Operating profit after depreciation divided by net worth plus borrowings at the year end, times 100: what the business earns on all the money in it. | 9.9% |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. | 1.1 |
| Debt to equityDebt to equity. Borrowings at the year end divided by net worth: rupees borrowed for each rupee shareholders have in the business. | 4.47 |
| Receivable daysReceivable days. Trade receivables divided by revenue, times 365: the average days customers take to pay. | 1,645 |
| Asset turnoverAsset turnover. Revenue divided by average total assets: rupees of sales for each rupee of assets. | 0.20 |
| 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. | 5.82 |
| 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. | 76.14 |
| 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. | 3.2% |
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 2019.
- 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.
- 0.6%
Accounting checks
Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Mar 2019 |
|---|---|
| Effective tax rateEffective tax rate. Tax charged as a percentage of profit before tax.Published threshold 17.16 per cent | 32.78 |
A threshold marked as ours has no published figure; it is the line we read the check against.