Mukesh Strips (Delisted) financials and balance sheet
BSE: 517374
Last traded ₹37.55 on 6 Feb 2017
Delisted on 11 May 2018.
8 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.Mukesh Strips annual reports
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
- Loss
Peak revenue ₹67 Cr, year to Mar 2013A loss in 2 of the 8 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 2015
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue45
- Materials and goods−43
- Employee costs−0.5
- Other expenses−5.0
- Operating profit−3.4
- Depreciation−0.2
- Other income+3.1
- Finance costs−2.2
- Profit before tax−2.6
- Tax+1.6
- Net profit−1.0
Profit and loss
Standalone, ₹ crore, years to March.Mukesh Strips quarterly results
| ₹ crore | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 35.6 | 66.7 | 39.0 | 41.8 | 57.1 | 66.8 | 63.5 | 45.2 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. | 34.8 | 66.2 | 38.3 | 40.5 | 56.0 | 65.1 | 62.4 | 48.6 |
| 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. | – | 58.8 | 29.8 | – | 47.3 | 57.3 | 54.4 | 43.0 |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. | – | 0.1 | 0.2 | – | 0.3 | 0.4 | 0.3 | 0.5 |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. | – | 7.4 | 8.3 | – | 8.3 | 7.5 | 7.7 | 5.0 |
| Operating profit before depreciationOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. | 0.8 | 0.4 | 0.6 | 1.2 | 1.1 | 1.7 | 1.1 | −3.4 |
| Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. | 2.2% | 0.6% | 1.7% | 2.9% | 2.0% | 2.5% | 1.7% | −7.5% |
| Materials, % of revenueMaterials, % of revenue. Raw materials used and goods bought for resale, adjusted for the change in stock, divided by revenue, times 100. | – | 88.2% | 76.6% | – | 82.9% | 85.7% | 85.6% | 95.2% |
| Employee costs, % of revenueEmployee costs, % of revenue. Salaries, wages and other staff costs divided by revenue, times 100. | – | 0.1% | 0.6% | – | 0.5% | 0.6% | 0.5% | 1.1% |
| 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. | – | 11.1% | 21.2% | – | 14.6% | 11.2% | 12.2% | 11.1% |
| 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 | 0.1 | 0.2 | 0.2 | 0.3 | 0.2 | 0.2 | 0.2 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. | 0.7 | 0.3 | 0.4 | 1.0 | 0.9 | 1.4 | 0.9 | −3.6 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. | 0.1 | 0.5 | 0.5 | – | 0.3 | 0.6 | 0.3 | 3.1 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. | 0.3 | 0.4 | 0.5 | 0.6 | 0.8 | 1.7 | 1.5 | 2.2 |
| Profit before tax | 0.4 | 0.3 | 0.4 | 0.5 | 0.4 | 0.3 | −0.3 | −2.6 |
| 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | −1.6 | |
| Net profit | 0.3 | 0.2 | 0.4 | 0.3 | 0.2 | 0.2 | −0.3 | −1.0 |
| 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. | 0.8% | 0.3% | 0.9% | 0.7% | 0.4% | 0.3% | −0.4% | −2.3% |
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2008 and Mar 2011 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 |
|---|---|---|---|---|---|---|---|---|
| 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. | – | 87.2% | −41.5% | 7.2% | 36.6% | 17.0% | −5.0% | −28.8% |
| 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. | – | −47.8% | 59.5% | 89.7% | −8.9% | 47.9% | −35.0% | – |
| 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. | – | −25.5% | 70.0% | −13.2% | −29.0% | −14.1% | – | – |
| 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. | – | – | – | – | – | −13.3% | – | – |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. | 2.1 | 0.7 | 0.9 | 1.8 | 1.1 | 0.8 | 0.6 | – |
Interest cover is left blank for the year to Mar 2015: 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 2015.
| 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. | 3.0% | −7.5% |
| 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. | 0.3% | −1.1% |
| 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. | −0.3% | −0.8% |
| Interest cover, averageInterest cover, average. 3 years: The plain average of the yearly interest cover 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 interest cover 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 interest cover over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 1.1 | 0.7 |
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 |
|---|---|---|---|---|---|---|---|---|
| Effective tax rateEffective tax rate. Tax charged as a percentage of profit before tax.Published threshold 17.16 per cent | 31.22 | 30.00 | 18.31 | 31.11 | 38.55 | 41.80 | – | – |
A threshold marked as ours has no published figure; it is the line we read the check against.