Florence Investech (Delisted) financials and balance sheet
BSE: 532518
Last traded ₹1,275.60 on 10 Jun 2019
Delisted on 29 Nov 2019.
10 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to September, then March.Florence Investech annual reports
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
Peak revenue ₹180 Cr, year to Sep 2012
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 2012, its first year to March in Mar 2015.
Results for the year to Mar 2019
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue16
- Other income0.0
- Finance costs0.0
- Profit before tax15
- Tax−1.0
- Net profit14
What the company owns
- Plant, investments and other assets₹157 Cr
- Cash and bank₹0 Cr
What pays for it: net worth and liabilities
- Net worth₹156 Cr
- Other liabilities₹1 Cr
Profit and loss
Standalone, ₹ crore, years to September, then March. No results on record for the years to Sep 2009, Mar 2014 and Mar 2016.Florence Investech quarterly results
| ₹ crore | Sep 2010 | Sep 2011 | Sep 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019Filed 28 May |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 123 | 128 | 180 | – | 7 | – | 15 | 15 | 16 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. | – | – | – | – | – | – | – | – | – |
| 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. | – | – | 102 | – | – | – | – | – | 0 |
| 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 | – | 0 | 0 | – |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. | 1 | 3 | – | – | 0 | – | 0 | 0 | 0 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. | 2 | 2 | 6 | – | – | – | – | – | 0 |
| Profit before tax | 11 | 11 | 17 | – | 7 | – | 14 | 14 | 15 |
| 0 | 0 | 2 | – | 0 | – | 1 | 1 | 1 | |
| Net profit | 11 | 11 | 15 | – | 7 | – | 13 | 14 | 14 |
| 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. | 8.6% | 8.5% | 8.4% | – | 93.8% | – | 90.7% | 93.1% | 90.7% |
Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the years to Sep 2010, Sep 2011, Sep 2012 and Mar 2019: the statement does not state its depreciation, which operating profit is worked out from, so operating profit is not given. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the years to Mar 2015, Mar 2017 and Mar 2018: the statement does not state its finance costs, which operating profit is worked out from, so operating profit is not given.
Balance sheet
Standalone, ₹ crore, at 30 September, then 31 March.
| ₹ crore | Mar 2019Filed 28 May |
|---|---|
| Net worth. What the company owns less everything it owes: the money shareholders have in the business, paid in and kept from profits. | 156 |
| Share capitalShare capital. The face value of all the shares the company has issued. | 3 |
| 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. | 153 |
| BorrowingsBorrowings. Loans, bonds and other money the company has borrowed and must repay with interest. | 0 |
| Liabilities due within a year. Everything the company must pay within twelve months: borrowings falling due, suppliers, and other dues and provisions. | 1 |
| Liabilities due after a yearLiabilities due after a year. Everything the company owes that falls due more than twelve months on, borrowings among it. | 0 |
| Total assetsTotal assets. Everything the company owns or controls: plant, investments, stock, money owed by customers and cash. | 158 |
| Assets held for longer than a year. Everything the company owns that it does not expect to turn into cash within twelve months: plant, intangibles, long-term investments, loans given and the like. | 122 |
| Assets turning to cash within a year. Everything the company expects to turn into cash or use up within twelve months: stock, money owed by customers, cash and short-term investments. | 35 |
| 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. | 0 |
Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Sep 2010, Sep 2011, Sep 2012, Mar 2015, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.
Ratios
Standalone, years to September, then March.
| Ratio | Sep 2011 | Sep 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019Filed 28 May |
|---|---|---|---|---|---|---|---|---|
| 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. | 4.3% | 40.4% | – | – | – | – | −2.1% | 7.2% |
| 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. | 2.3% | 38.7% | – | – | – | – | 0.5% | 4.4% |
| 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. | – | – | – | – | – | – | 0.5% | 4.4% |
| Return on equityReturn on equity. Profit belonging to shareholders as a percentage of their average net worth over the year. | – | – | – | – | – | – | – | 9.0%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. |
| Debt to equityDebt to equity. Borrowings at the year end divided by net worth: rupees borrowed for each rupee shareholders have in the business. | – | – | – | – | – | – | – | 0.00 |
| Receivable daysReceivable days. Trade receivables divided by revenue, times 365: the average days customers take to pay. | – | – | – | – | – | – | – | 0 |
| Working capital daysWorking capital days. Assets turning to cash within a year, less cash, bank deposits and current investments, minus liabilities due within a year, less borrowings, divided by the year's revenue, times 365. | – | – | – | – | – | – | – | 795 |
| Asset turnoverAsset turnover. Revenue divided by average total assets: rupees of sales for each rupee of assets. | – | – | – | – | – | – | – | 0.10 |
| 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. | – | – | – | – | – | – | – | 1.01 |
| 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. | – | – | – | – | – | – | – | 51,820.33 |
No balance sheet is on record for the years to Sep 2010, Sep 2011, Sep 2012, Mar 2015, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.
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.
- 8.9%
| Measure | 5 years | 3 years |
|---|---|---|
| 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. | 92.1% | 91.5% |
Accounting checks
Standalone, years to September, then March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Sep 2010 | Sep 2011 | Sep 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Effective tax rateEffective tax rate. Tax charged as a percentage of profit before tax.Published threshold 17.16 per cent | 3.79 | 0.84 | 9.96 | – | 1.54 | – | – | – | – |
A threshold marked as ours has no published figure; it is the line we read the check against.