ERA Infra Engineering financials and balance sheet
BSE: 530323Construction
Formerly Era Constructions (India)
Trading suspended since 3 Jul 2018
Last traded ₹1.50 on 12 Sep 2016
10 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.ERA Infra Engineering annual reports
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
- Loss
Peak revenue ₹4,673 Cr, year to Mar 2013A loss in 4 of the 10 years shown
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 2017
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue1,211
- Operating expenses−1,426
- Operating profit−216
- Depreciation−194
- Other income+13
- Finance costs−898
- Profit before tax−1,295
- Net profit−1,295
Profit and loss
Standalone, ₹ crore, years to March.ERA Infra Engineering quarterly results
| ₹ crore | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,464 | 2,377 | 3,415 | 3,829 | 4,349 | 4,673 | 2,670 | 1,698 | 1,211 | 1,211 |
| Operating expensesOperating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. | 1,171 | 1,962 | 2,763 | 3,112 | 3,523 | 3,781 | 2,369 | 1,524 | 1,585 | 1,426 |
| Operating profit before depreciationOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. | 293 | 414 | 652 | 717 | 826 | 892 | 301 | 174 | −374 | −216 |
| Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. | 20.0% | 17.4% | 19.1% | 18.7% | 19.0% | 19.1% | 11.3% | 10.2% | −30.9% | −17.8% |
| 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. | 20 | 46 | 72 | 84 | 97 | 110 | 131 | 198 | 196 | 194 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. | 273 | 368 | 581 | 633 | 729 | 782 | 170 | −24 | −571 | −410 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. | 35 | 62 | 25 | 43 | 35 | 29 | 20 | 42 | 9 | 13 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. | 98 | 173 | 256 | 319 | 443 | 549 | 696 | 658 | 750 | 898 |
| 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. | – | 256 | 350 | 357 | 320 | 261 | −506 | −640 | −1,312 | −1,295 |
| 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. | – | – | – | – | – | – | −267 | −16 | – | – |
| Profit before tax | 210 | 256 | 350 | 357 | 320 | 261 | −773 | −656 | −1,312 | −1,295 |
| Tax | 88 | 54 | 118 | 110 | 118 | 69 | −269 | 1 | – | – |
| Net profit | 121 | 203 | 279 | 247 | 161 | 168 | −504 | −657 | −1,312 | −1,295 |
| 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. | 8.3% | 8.5% | 8.2% | 6.4% | 3.7% | 3.6% | −18.9% | −38.7% | −108.3% | −107.0% |
Ratios
Standalone, years to March.
| Ratio | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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. | – | 62.3% | 43.7% | 12.1% | 13.6% | 7.4% | −42.9% | −36.4% | −28.7% | 0.0% |
| 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. | – | 41.3% | 57.6% | 9.9% | 15.2% | 8.0% | −66.3% | −42.2% | – | – |
| 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. | – | 66.9% | 37.9% | −11.7% | −34.8% | 4.5% | – | – | – | – |
| 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. | – | – | 24.0% | −22.3% | −34.8% | – | – | – | – | – |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. | 2.8 | 2.1 | 2.3 | 2.0 | 1.6 | 1.4 | 0.2 | – | – | – |
Interest cover is left blank for the years to Mar 2015, Mar 2016 and Mar 2017: 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 2017.
| 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. | – | −22.6% | −23.2% |
| 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. | 8.6% | −1.6% | −12.8% |
| 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. | −23.4% | −53.8% | −84.7% |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Effective tax rateEffective tax rate. Tax charged as a percentage of profit before tax.Published threshold 17.16 per cent | 20.99 | 33.88 | 30.90 | 36.84 | 26.59 | – | – | – | – |
A threshold marked as ours has no published figure; it is the line we read the check against.