Oswal Spinning & Weaving Mills (Delisted) financials and balance sheet
BSE: 500318
Last traded ₹1.13 on 30 Nov 2015
Delisted on 4 Jul 2018.
7 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to June, then December, then March.Oswal Spinning & Weaving Mills annual reports
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
- Loss
Peak revenue ₹146 Cr, year to Mar 2014A loss in the year to Mar 2015, −₹12 Cr
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 June to December: its last year to June on record ended in Jun 2009, its first year to December in Dec 2012. The company moved its year end from December to March: its last year to December on record ended in Dec 2012, its first year to March in Mar 2014.
Results for the year to Mar 2015
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue90
- Operating expenses−97
- Operating profit−6.8
- Depreciation−1.5
- Finance costs−3.8
- Profit before tax−12
- Net profit−12
Profit and loss
Standalone, ₹ crore, years to June, then December, then March. No results on record for the years to Dec 2010 and Dec 2011.Oswal Spinning & Weaving Mills quarterly results
| ₹ crore | Jun 2008 | Jun 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Mar 2014 | Mar 2015 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 74 | 82 | – | – | 120 | 146 | 90 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. | 68 | 68 | – | – | 107 | 136 | 97 |
| 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. | 48 | 50 | – | – | 79 | 107 | 71 |
| Operating profit before depreciationOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. | 5 | 14 | – | – | 13 | 10 | −7 |
| Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. | 7.4% | 16.7% | – | – | 10.8% | 6.6% | −7.5% |
| 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. | 4 | 4 | – | – | 4 | 1 | 1 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. | 1 | 10 | – | – | 9 | 9 | −8 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. | 7 | – | – | – | 2 | – | – |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. | 7 | 8 | – | – | 5 | 5 | 4 |
| 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. | – | 2 | – | – | 6 | 4 | −12 |
| 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. | – | – | – | – | – | −3 | – |
| Profit before tax | 1 | 2 | – | – | 6 | 0 | −12 |
| Tax | 0 | 0 | – | – | – | – | – |
| Net profit | 23 | 2 | – | – | 6 | 0 | −12 |
| 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. | 31.8% | 2.1% | – | – | 4.9% | 0.3% | −13.4% |
Ratios
Standalone, years to June, then December, then March.
| Ratio | Jun 2008 | Jun 2009 | Dec 2010 | Dec 2011 | Dec 2012 | 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. | – | 10.8% | – | – | – | – | −38.3% |
| 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. | – | 150.6% | – | – | – | – | – |
| 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. | – | −92.8% | – | – | – | – | – |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. | 0.2 | 1.2 | – | – | 1.8 | 1.7 | – |
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 | 3 years |
|---|---|
| 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. | −0.5% |
| 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. | −6.6% |
Accounting checks
Standalone, years to June, then December, then March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Jun 2008 | Jun 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Mar 2014 | Mar 2015 |
|---|---|---|---|---|---|---|---|
| Effective tax rateEffective tax rate. Tax charged as a percentage of profit before tax.Published threshold 17.16 per cent | 3.20 | 2.73 | – | – | – | – | – |
A threshold marked as ours has no published figure; it is the line we read the check against.