Mukesh Steels (Delisted) financials and balance sheet
BSE: 513265
Last traded ₹27.10 on 2 Feb 2017
Delisted on 11 May 2018.
9 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.Mukesh Steels annual reports
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
- Loss
Peak revenue ₹76 Cr, year to Mar 2012A loss in 3 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.
Results for the year to Mar 2016
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue2.2
- Operating expenses−7.1
- Operating profit−4.9
- Depreciation−0.4
- Other income+0.1
- Finance costs−2.9
- Profit before tax−8.2
- Tax+0.1
- Net profit−8.1
Profit and loss
Standalone, ₹ crore, years to March. No results on record for the years to Mar 2010 and Mar 2011.Mukesh Steels quarterly results
| ₹ crore | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 60.7 | 71.2 | – | – | 75.6 | 70.5 | 66.9 | 25.9 | 2.2 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. | 58.8 | 70.1 | – | – | 73.8 | 68.3 | 66.7 | 29.3 | 7.1 |
| 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. | 45.1 | 55.8 | – | – | 61.2 | 56.4 | 56.0 | 23.3 | 2.0 |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. | 0.5 | 0.4 | – | – | – | 0.7 | 0.6 | 0.7 | – |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. | 13.2 | 14.0 | – | – | – | 11.2 | 10.2 | 5.4 | – |
| Operating profit before depreciationOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. | 1.9 | 1.1 | – | – | 1.8 | 2.1 | 0.2 | −3.4 | −4.9 |
| Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. | 3.1% | 1.5% | – | – | 2.3% | 3.0% | 0.2% | −13.2% | −227.7% |
| Materials, % of revenueMaterials, % of revenue. Raw materials used and goods bought for resale, adjusted for the change in stock, divided by revenue, times 100. | 74.3% | 78.3% | – | – | – | 80.1% | 83.8% | 89.8% | – |
| Employee costs, % of revenueEmployee costs, % of revenue. Salaries, wages and other staff costs divided by revenue, times 100. | 0.8% | 0.5% | – | – | – | 1.0% | 0.8% | 2.5% | – |
| 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. | 21.8% | 19.6% | – | – | – | 15.9% | 15.2% | 20.9% | – |
| 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. | 0.1 | 0.2 | – | – | 0.2 | 0.3 | 0.2 | 0.7 | 0.4 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. | 1.7 | 0.9 | – | – | 1.6 | 1.9 | −0.1 | −4.1 | −5.3 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. | 0.4 | 0.3 | – | – | 0.3 | 0.6 | 1.5 | 0.9 | 0.1 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. | 0.8 | 0.8 | – | – | 1.5 | 2.0 | 1.3 | 2.4 | 2.9 |
| Profit before tax | 1.4 | 0.5 | – | – | 0.4 | 0.5 | 0.0 | −5.7 | −8.2 |
| 0.5 | 0.1 | – | – | 0.1 | 0.2 | 0.0 | 0.0 | −0.1 | |
| Net profit | 0.9 | 0.3 | – | – | −0.7 | 0.3 | 0.0 | −5.7 | −8.1 |
| 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. | 1.5% | 0.4% | – | – | −1.0% | 0.4% | 0.1% | −22.1% | −370.6% |
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2012 and Mar 2016 they do not, so they are left blank.
Ratios
Standalone, years to March.
| Ratio | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|
| 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. | – | 17.3% | – | – | – | −6.8% | −5.1% | −61.2% | −91.6% |
| 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. | – | −42.4% | – | – | – | 21.7% | −93.0% | – | – |
| 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. | – | −65.9% | – | – | – | – | −83.6% | – | – |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. | 2.1 | 1.2 | – | – | 1.0 | 0.9 | – | – | – |
Interest cover is left blank for the years to Mar 2014, Mar 2015 and Mar 2016: 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 2016.
| Measure | 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. | – | −68.6% |
| 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. | −47.1% | −80.2% |
| 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. | −78.6% | −130.9% |
Accounting checks
Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Effective tax rateEffective tax rate. Tax charged as a percentage of profit before tax.Published threshold 17.16 per cent | 33.79 | 31.04 | – | – | 30.83 | 37.09 | −123.81 | – | – |
A threshold marked as ours has no published figure; it is the line we read the check against.