Simbhaoli Sugars (Delisted) financials and balance sheet
BSE: 507446Agricultural Food & other Products
Formerly The Simbhaoli Sugar Mills
Last traded ₹28.60 on 23 Nov 2015
Delisted on 21 Apr 2016.
7 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to September, then March.Simbhaoli Sugars annual reports
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
- Loss
Peak revenue ₹1,319 Cr, year to Sep 2010A loss in 5 of the 6 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 September to March: its last year to September on record ended in Sep 2010, its first year to March in Mar 2013.
Results for the year to Mar 2015
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue856
- Operating expenses−897
- Operating profit−41
- Depreciation−22
- Other income+28
- Finance costs−125
- Profit before tax−160
- Net profit−160
Profit and loss
Standalone, ₹ crore, years to September, then March. No results on record for the year to Mar 2012.Simbhaoli Sugars quarterly results
| ₹ crore | Sep 2008 | Sep 2009 | Sep 2010 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 446 | 718 | 1,319 | – | 885 | 836 | 856 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. | 398 | 624 | 1,326 | – | 919 | 855 | 897 |
| 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. | 268 | 510 | 1,214 | – | 766 | 726 | 765 |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. | – | – | 41 | – | – | – | – |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. | – | – | 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. | 48 | 94 | −8 | – | −34 | −19 | −41 |
| Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. | 10.8% | 13.1% | −0.6% | – | −3.8% | −2.3% | −4.8% |
| Materials, % of revenueMaterials, % of revenue. Raw materials used and goods bought for resale, adjusted for the change in stock, divided by revenue, times 100. | – | – | 92.1% | – | – | – | – |
| Employee costs, % of revenueEmployee costs, % of revenue. Salaries, wages and other staff costs divided by revenue, times 100. | – | – | 3.1% | – | – | – | – |
| 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. | – | – | 5.4% | – | – | – | – |
| 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. | 32 | 37 | 40 | – | 36 | 28 | 22 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. | 16 | 58 | −48 | – | −70 | −47 | −63 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. | 1 | 74 | 6 | – | 17 | 28 | 28 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. | 40 | 63 | 85 | – | 112 | 142 | 125 |
| 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. | – | 69 | −126 | – | −165 | −161 | −160 |
| 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. | −21 | – | – | – | 175 | −11 | – |
| Profit before tax | −44 | 69 | −126 | – | 10 | −172 | −160 |
| −15 | −3 | −51 | – | 49 | 0 | – | |
| Net profit | −29 | 72 | −75 | – | −39 | −172 | −160 |
| 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. | −6.5% | 10.0% | −5.7% | – | −4.5% | −20.6% | −18.7% |
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Sep 2008, Sep 2009, Mar 2013, Mar 2014 and Mar 2015 they do not, so they are left blank.
Ratios
Standalone, years to September, then March.
| Ratio | Sep 2008 | Sep 2009 | Sep 2010 | 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. | – | 61.3% | 83.6% | – | – | −5.6% | 2.4% |
| 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. | – | 96.8% | – | – | – | – | – |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. | 0.4 | 0.9 | – | – | – | – | – |
Interest cover is left blank for the years to Sep 2010, Mar 2013, Mar 2014 and 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. | −3.7% |
| 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. | −14.6% |
Accounting checks
Standalone, years to September, then March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Sep 2009 | Sep 2010 | 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 | −4.31 | – | – | 493.91 | – | – |
A threshold marked as ours has no published figure; it is the line we read the check against.