Electrosteel Steels (Delisted) financials and balance sheet

BSE: 533264

Last traded ₹31.00 on 12 Dec 2018

Delisted on 20 Dec 2018.

8 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.Electrosteel Steels annual reports

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
  • Loss
A loss in 8 of the 8 years shown

Operating and net margin, per cent

  • Operating margin
  • Net margin

The years either side of a change of basis do not compare. From the year to Mar 2017, the company's revenue for that year, ₹2,774 Cr, differs from its quarters added, ₹2,608 Cr.

Results for the year to Mar 2018

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

  1. Revenue3,533
  2. Operating expenses−3,198
  3. Operating profit335
  4. Depreciation−534
  5. Other income+88
  6. One-off items−5,238
  7. Finance costs−790
  8. Profit before tax−6,139
  9. Net profit−6,139

Profit and loss

Standalone, ₹ crore, years to March.Electrosteel Steels quarterly results

₹ croreMar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Revenue from operations7611635131,8312,5982,7743,533
11–2485661,8182,4882,7233,198
Materials and goods bought9751814211,3321,7611,6512,297
Employee costs0–10144583––
Other expenses2–57132442644––
Operating profit before depreciation−4–−85−531311052335
Operating margin−50.4%–−52.2%−10.3%0.7%4.2%1.9%9.5%
Materials, % of revenue127.2%–110.9%82.0%72.7%67.8%––
Employee costs, % of revenue1.8%–6.2%2.7%2.4%3.2%––
Other expenses, % of revenue21.4%–35.2%25.7%24.1%24.8%––
Depreciation and amortisation1–5968201203479534
Operating profit after depreciation−5–−144−121−188−93−427−199
Other income001716159488
Finance costs2801341774525251,130790
Profit before one-off items and tax−6−150−278−291−624−603−1,463−900
One-off items––−2––277–−5,238
Profit before tax−6−150−280−291−624−327−1,463−6,139
Tax–0000–––
Net profit−6−150−280−291−624−327−1,463−6,139
Net margin−82.5%−246.9%−171.7%−56.7%−34.1%−12.6%−52.8%−173.8%
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2017 and Mar 2018 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 Mar 2012: the statement does not state its depreciation, which operating profit is worked out from, so operating profit is not given.

Per share

Standalone, ₹ per share, years to March.

₹ per shareMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Earnings per share−₹0.74−₹1.32−₹1.33–−₹1.36−₹6.07−₹25.48
Diluted earnings per share−₹0.74−₹1.32−₹1.33–−₹1.36−₹6.07−₹25.48
Market cap at the year end (₹ crore)1,2721,067870–807––

Ratios

Standalone, years to March.

RatioMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Revenue growth716.6%168.8%214.6%256.8%41.9%–27.3%
Operating profit growth––––747.1%–549.1%
Interest cover is left blank for the years to Mar 2011, Mar 2013, Mar 2014, Mar 2015, Mar 2016, Mar 2017 and Mar 2018: operating profit after depreciation is a loss, and a loss covers no interest bill. Revenue growth and operating profit growth are left blank for the year to Mar 2017: 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.

Measure5 years3 years
Revenue growth, yearly rate85.0%24.5%
Operating margin, average1.2%5.2%
Net margin, average−66.0%−79.7%