I.C.S.A. (India) financials and balance sheet
BSE: 531524Construction
Trading suspended since 2 Sep 2021
Last traded ₹0.20 on 9 Mar 2020
10 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March, then June.I.C.S.A. (India) annual reports
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
- Loss
A loss in 6 of the 8 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 March to June: its last year to March on record ended in Mar 2012, its first year to June in Jun 2014. The company moved its year end from June to March: its last year to June on record ended in Jun 2014, its first year to March in Mar 2016. The 9 months to Mar 2015 between them are one changeover period, not a year, and the yearly charts leave it out.
The years either side of a change of basis do not compare. From the year to Mar 2012, the company's revenue for that year, ₹915 Cr, differs from its quarters added, ₹968 Cr.
Results for the year to Mar 2019
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue0.0
- Employee costs−0.5
- Other expenses−109
- Operating profit−109
- Depreciation−8.6
- Other income+0.1
- One-off items0.0
- Finance costs−0.1
- Profit before tax−118
- Tax0.0
- Net profit−118
What the company owns
- Plant, investments and other assets₹71 Cr
- Cash and bank₹2 Cr
- Inventory₹1 Cr
What pays for it: net worth and liabilities
- Borrowings₹1,058 Cr
- Owed to suppliers₹63 Cr
I.C.S.A. (India) business segments, year to Mar 2019
A reportable segment is a line of business the company must report on its own. Standalone, ₹ crore, as the company reports them. A segment at a loss has no share of profit.I.C.S.A. (India) segment results by quarter
Revenue by segment
–Total
Segment results by year
Standalone, ₹ crore, years to March.
Infrastructure Projects & services
Revenue, ₹ croreProfit, ₹ crorePower generation
Revenue, ₹ croreProfit, ₹ croreEmbeded Solutions & Soft ware services
Revenue, ₹ croreProfit, ₹ crore
| ₹ crore | Mar 2019 |
|---|---|
| Company revenue, as in its resultsCompany revenue. The company's revenue from operations for the period in its results, on the same accounts as its segments. It is below the businesses' sum where they sell to one another, or where the segments include a business the results report as discontinued. | 0 |
| 0 | |
| ProfitSegment profit. What the business earned before tax and finance costs, as the company measures each of its businesses. | 0 |
| AssetsSegment assets. What the company holds for this business at the period end: plant, stock, receivables and the like. | 52 |
| LiabilitiesSegment liabilities. What this business owes at the period end, such as payments due to suppliers. | 1,444 |
| Capital employedCapital employed in the segment. Segment assets less segment liabilities at the period end: the money tied up in this business. | −1,392 |
| 0 | |
| Revenue | −118 |
Profit is before tax and finance costs, the way companies report their segments.
Profit and loss
Standalone, ₹ crore, years to March, then June. 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 year to Jun 2013.I.C.S.A. (India) quarterly results
| ₹ crore | Mar 2010 | Mar 2011 | Mar 2012 | Jun 2013 | Jun 2014 | Mar 20159 months | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019Filed 12 Jun |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,237 | 1,404 | 915 | – | 57 | 24 | 5 | 3 | 1 | 0 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. | 992 | 1,117 | 909 | – | 311 | 355 | 15 | 1 | – | 109 |
| 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. | – | 1,011 | 435 | – | 127 | 51 | 1 | – | 49 | 0 |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. | – | 43 | 23 | – | 2 | 1 | – | 1 | – | 0 |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. | – | 63 | 451 | – | 182 | 302 | – | 0 | – | 109 |
| Operating profit before depreciationOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. | 246 | 287 | 6 | – | −254 | −331 | −10 | 2 | – | −109 |
| Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. | 19.9% | 20.4% | 0.6% | – | −443.5% | −1,407.7% | −218.1% | 64.1% | – | – |
| Materials, % of revenueMaterials, % of revenue. Raw materials used and goods bought for resale, adjusted for the change in stock, divided by revenue, times 100. | – | 72.0% | 47.6% | – | 221.2% | 218.7% | – | – | – | – |
| Employee costs, % of revenueEmployee costs, % of revenue. Salaries, wages and other staff costs divided by revenue, times 100. | – | 3.0% | 2.5% | – | 4.1% | 4.5% | – | 24.3% | – | – |
| 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. | – | 4.5% | 49.3% | – | 318.2% | 1,284.5% | – | 11.6% | – | – |
| 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. | 21 | 20 | 28 | – | 13 | 12 | 11 | 11 | 10 | 9 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. | 224 | 266 | −22 | – | −267 | −343 | −21 | −9 | – | −118 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. | 9 | 11 | 27 | – | 0 | 0 | 0 | 0 | 1 | 0 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. | 62 | 98 | 119 | – | 2 | 0 | 0 | 0 | 0 | 0 |
| 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. | 170 | 179 | −115 | – | −269 | −343 | −21 | −9 | −142 | −118 |
| 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. | – | – | −68 | – | −351 | – | – | – | – | 0 |
| Profit before tax | 170 | 179 | −183 | – | −620 | −343 | −21 | −9 | −142 | −118 |
| Tax | 49 | 54 | −5 | – | – | – | – | – | – | 0 |
| Net profit | 122 | 126 | −178 | – | −620 | −343 | −21 | −9 | −142 | −118 |
| 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. | 9.8% | 8.9% | −19.5% | – | −1,083.0% | −1,457.3% | −455.7% | −317.0% | −22,333.0% | – |
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2010, 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 Mar 2018: revenue, other income and exceptional items less the total expenses stated do not come to the profit before tax the same statement states, so the operating expenses cannot be told apart from the rest.
Balance sheet
Standalone, ₹ crore, at 31 March, then 30 June. A column marked with its months is a changeover year, when the company moved its year end: it is not a twelve-month year.
| ₹ crore | Mar 2019Filed 12 Jun |
|---|---|
| Net worth. What the company owns less everything it owes: the money shareholders have in the business, paid in and kept from profits. | −1,407 |
| Share capitalShare capital. The face value of all the shares the company has issued. | 10 |
| 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. | −1,416 |
| Borrowings. Loans, bonds and other money the company has borrowed and must repay with interest. | 1,058 |
| Liabilities due within a year. Everything the company must pay within twelve months: borrowings falling due, suppliers, and other dues and provisions. | 1,082 |
| Liabilities due after a year. Everything the company owes that falls due more than twelve months on, borrowings among it. | 398 |
| Total assetsTotal assets. Everything the company owns or controls: plant, investments, stock, money owed by customers and cash. | 73 |
| 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. | 71 |
| 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. | 3 |
| 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. | 1,056 |
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 Mar 2010, Mar 2011, Mar 2012, Jun 2014, Mar 2015, Mar 2016, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.
Ratios
Standalone, years to March, then June. 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 | Mar 2010 | Mar 2011 | Mar 2012 | Jun 2013 | Jun 2014 | Mar 20159 months | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019Filed 12 Jun |
|---|---|---|---|---|---|---|---|---|---|---|
| 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. | 12.5% | 13.4% | – | – | – | – | – | −39.5% | −77.1% | −100.0% |
| 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. | −0.5% | 16.7% | – | – | – | – | – | – | – | – |
| 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. | −20.3% | 3.1% | – | – | – | – | – | – | – | – |
| 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. | −23.2% | 2.2% | – | – | – | – | – | – | – | – |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. | 3.6 | 2.7 | – | – | – | – | – | – | – | – |
| Asset turnoverAsset turnover. Revenue divided by average total assets: rupees of sales for each rupee of assets. | – | – | – | – | – | – | – | – | – | 0.00 |
| 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. | – | – | – | – | – | – | – | – | – | −0.05 |
| 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. | – | – | – | – | – | – | – | – | – | 0.00 |
| Plant being built, % of plant in useCapital work in progress, % of net block. Plant still being built as a percentage of the plant in use. | – | – | – | – | – | – | – | – | – | 0.0% |
Interest cover is left blank for the years to Mar 2012, Jun 2014, Mar 2015, Mar 2016, Mar 2017 and Mar 2019: 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 2012: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out. Debt to equity is left blank for the year to Mar 2019: net worth is below zero, so there is no shareholders' money to set the borrowings against. Return on capital employed is left blank for the year to Mar 2019: net worth and borrowings together come to nought or less, so there is no money employed to set the operating profit against. No balance sheet is on record for the years to Mar 2010, Mar 2011, Mar 2012, Jun 2014, Mar 2015, Mar 2016, 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.
- −160.2%
| Measure | 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. | −11,325.0% |
Accounting checks
Standalone, years to March, then June. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Mar 2010 | Mar 2011 | Mar 2012 | Jun 2013 | Jun 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Altman Z-scoreAltman Z-score. Working capital, reserves, operating profit, market value and sales, each over total assets, weighted and added: a published measure of financial strain.Published threshold 1.81 | – | – | – | – | – | – | – | – | – | −49.89 |
| Effective tax rateEffective tax rate. Tax charged as a percentage of profit before tax.Published threshold 17.16 per cent | 28.53 | 29.87 | – | – | – | – | – | – | – | – |
A threshold marked as ours has no published figure; it is the line we read the check against.