Empee Distilleries (Delisted) financials and balance sheet
BSE: 532920
Last traded ₹4.60 on 16 Jul 2020
Delisted on 24 Jul 2020.
10 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to September, then March.Empee Distilleries annual reports
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
- Loss
Peak revenue ₹869 Cr, year to Mar 2011A loss in 2 of the 7 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 September to March: its last year to September on record ended in Sep 2007, its first year to March in Mar 2010. The 9 months to Mar 2009 between them are one changeover period, not a year, and the yearly charts leave it out. The company moved its year end from March to September: its last year to March on record ended in Mar 2011, its first year to September in Sep 2013. The company moved its year end from September to March: its last year to September on record ended in Sep 2013, its first year to March in Mar 2016.
Results for the year to Mar 2018
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue511
- Materials and goods−172
- Employee costs−19
- Other expenses−319
- Operating profit1.7
- Depreciation−7.4
- Other income+1.2
- One-off items−0.6
- Finance costs−40
- Profit before tax−45
- Tax−32
- Net profit−77
Profit and loss
Standalone, ₹ crore, years to September, then March. A column marked with its months is a changeover year, when the company moved its year end: it is not a twelve-month year. No results on record for the years to Sep 2012 and Mar 2015.Empee Distilleries quarterly results
| ₹ crore | Sep 2007 | Mar 20099 months | Mar 2010 | Mar 2011 | Sep 2012 | Sep 2013 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 626 | 665 | 851 | 869 | – | 583 | – | 612 | 501 | 511 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. | 601 | 646 | 812 | 825 | – | – | – | 571 | 492 | 510 |
| 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. | 111 | 138 | 174 | 187 | – | 177 | – | 197 | 167 | 172 |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. | – | – | – | – | – | – | – | – | – | 19 |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. | – | – | – | – | – | – | – | – | – | 319 |
| Operating profit before depreciationOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. | 25 | 20 | 40 | 44 | – | – | – | 41 | 9 | 2 |
| Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. | 4.0% | 2.9% | 4.7% | 5.1% | – | – | – | 6.7% | 1.7% | 0.3% |
| Materials, % of revenueMaterials, % of revenue. Raw materials used and goods bought for resale, adjusted for the change in stock, divided by revenue, times 100. | – | – | – | – | – | – | – | – | – | 33.6% |
| Employee costs, % of revenueEmployee costs, % of revenue. Salaries, wages and other staff costs divided by revenue, times 100. | – | – | – | – | – | – | – | – | – | 3.8% |
| 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. | – | – | – | – | – | – | – | – | – | 62.3% |
| 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. | 2 | 5 | 6 | 6 | – | – | – | 13 | 13 | 7 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. | 24 | 15 | 34 | 38 | – | – | – | 28 | −4 | −6 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. | 12 | 6 | 3 | 6 | – | 0 | – | 0 | 0 | 1 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. | 5 | 6 | 10 | 15 | – | 24 | – | 25 | 30 | 40 |
| 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. | – | 15 | 26 | 29 | – | 6 | – | 3 | −34 | −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. | – | – | – | −7 | – | – | – | – | −21 | −1 |
| Profit before tax | 30 | 15 | 26 | 22 | – | 6 | – | 3 | −54 | −45 |
| Tax | 10 | 4 | 9 | 7 | – | −5 | – | 2 | −29 | 32 |
| Net profit | 20 | 10 | 17 | 21 | – | 11 | – | 2 | −25 | −77 |
| 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. | 3.2% | 1.5% | 2.0% | 2.4% | – | 1.9% | – | 0.3% | −5.1% | −15.0% |
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Sep 2007, Mar 2009, Mar 2010, Mar 2011, Mar 2016 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 year to Sep 2013: the statement does not state its depreciation, which operating profit is worked out from, so operating profit is not given.
Ratios
Standalone, years to September, then March. A column marked with its months is a changeover year, when the company moved its year end: it is not a twelve-month year. A ratio that sets its sales or profit against the balance sheet is left blank for it.
| Ratio | Sep 2007 | Mar 20099 months | Mar 2010 | Mar 2011 | Sep 2012 | Sep 2013 | 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. | – | – | – | 2.1% | – | – | – | – | −18.2% | 2.1% |
| 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. | – | – | – | 11.1% | – | – | – | – | −78.7% | −80.6% |
| 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. | – | – | – | 24.1% | – | – | – | – | – | – |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. | 4.3 | 2.3 | 3.3 | 2.6 | – | – | – | 1.1 | – | – |
Interest cover is left blank for the years to Mar 2017 and Mar 2018: 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 2018.
| Measure | 3 years |
|---|---|
| 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. | 2.9% |
| 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. | −6.6% |
Accounting checks
Standalone, years to September, then March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Sep 2007 | Mar 2009 | Mar 2010 | Mar 2011 | Sep 2012 | Sep 2013 | 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 | 32.67 | – | 34.82 | 30.52 | – | −93.25 | – | – | – | – |
A threshold marked as ours has no published figure; it is the line we read the check against.