Denso India (Delisted) financials and balance sheet
BSE: 520022
Last traded ₹142.75 on 28 Oct 2013
Delisted on 5 Nov 2013.
6 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.Denso India annual reports
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
- Loss
Peak revenue ₹1,219 Cr, year to Mar 2013Back to profit in the year to Mar 2013, ₹13 Cr
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
- Revenue1,219
- Materials and goods−970
- Employee costs−122
- Other expenses−160
- Operating profit−33
- Depreciation−38
- Other income+15
- One-off items+83
- Finance costs−7.8
- Profit before tax19
- Tax−6.2
- Net profit13
Profit and loss
Standalone, ₹ crore, years to March.Denso India quarterly results
| ₹ crore | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 |
|---|---|---|---|---|---|---|
| Revenue from operations | 466 | 531 | 739 | 929 | 1,036 | 1,219 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. | 420 | 498 | 701 | 902 | 1,062 | 1,251 |
| 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. | 275 | 313 | 559 | 688 | 815 | 970 |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. | – | – | 69 | – | 110 | 122 |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. | – | – | 73 | – | 138 | 160 |
| Operating profit before depreciationOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. | 45 | 32 | 38 | 27 | −26 | −33 |
| Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. | 9.7% | 6.1% | 5.2% | 2.9% | −2.5% | −2.7% |
| Materials, % of revenueMaterials, % of revenue. Raw materials used and goods bought for resale, adjusted for the change in stock, divided by revenue, times 100. | – | – | 75.6% | – | 78.6% | 79.6% |
| Employee costs, % of revenueEmployee costs, % of revenue. Salaries, wages and other staff costs divided by revenue, times 100. | – | – | 9.3% | – | 10.6% | 10.0% |
| 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. | – | – | 9.9% | – | 13.3% | 13.1% |
| 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. | 13 | 14 | 16 | 23 | 38 | 38 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. | 32 | 19 | 23 | 4 | −63 | −71 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. | 10 | 10 | 6 | 3 | 6 | 15 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. | 0 | 0 | 0 | 2 | 12 | 8 |
| 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. | – | 29 | 28 | 5 | −69 | −64 |
| 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. | – | – | – | – | −3 | 83 |
| Profit before tax | 43 | 29 | 28 | 5 | −72 | 19 |
| Tax | 15 | 11 | 9 | 3 | 1 | 6 |
| Net profit | 28 | 18 | 19 | 2 | −72 | 13 |
| 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. | 6.0% | 3.4% | 2.6% | 0.2% | −7.0% | 1.1% |
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2008, Mar 2009 and Mar 2011 they do not, so they are left blank.
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. | – | 13.9% | 39.3% | 25.7% | 11.6% | 17.6% |
| 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. | – | −28.6% | 18.7% | −30.1% | – | – |
| 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. | – | −35.1% | 4.7% | −89.2% | – | – |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. | 1,082.0 | 155.2 | 187.8 | 2.3 | – | – |
Interest cover is left blank for the years to 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. | 21.2% | 18.1% |
| 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. | −14.4% | −12.2% |
| 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. | 1.8% | −0.8% |
| 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. | 0.1% | −1.9% |
Accounting checks
Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Mar 2008 | 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 | 35.08 | 36.93 | 32.97 | 60.00 | – | 32.63 |
A threshold marked as ours has no published figure; it is the line we read the check against.