Southern Ispat and Energy (Delisted) financials and balance sheet
BSE: 531645Industrial Products
Last traded ₹0.05 on 27 Aug 2015
Delisted on 20 Jun 2023.
6 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March, then June.Southern Ispat and Energy annual reports
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
Peak revenue ₹479 Cr, year to Jun 2011
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 2009, its first year to June in Jun 2011.
Results for the year to Jun 2013
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue328
- Materials and goods−321
- Employee costs−0.3
- Other expenses−5.5
- Operating profit1.3
- Depreciation−1.7
- Other income+1.7
- Finance costs−0.8
- Profit before tax0.5
- Tax+0.2
- Net profit0.7
Profit and loss
Standalone, ₹ crore, years to March, then June. No results on record for the year to Jun 2010.Southern Ispat and Energy quarterly results
| ₹ crore | Mar 2008 | Mar 2009 | Jun 2010 | Jun 2011 | Jun 2012 | Jun 2013 |
|---|---|---|---|---|---|---|
| Revenue from operations | 36 | 39 | – | 479 | 327 | 328 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. | 41 | 37 | – | 461 | 328 | 327 |
| 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. | 21 | 29 | – | 455 | 323 | 321 |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. | – | – | – | 0 | 0 | 0 |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. | – | – | – | 5 | 5 | 5 |
| 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 | 2 | – | 17 | −1 | 1 |
| Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. | −13.6% | 4.3% | – | 3.6% | −0.3% | 0.4% |
| Materials, % of revenueMaterials, % of revenue. Raw materials used and goods bought for resale, adjusted for the change in stock, divided by revenue, times 100. | – | – | – | 95.2% | 98.6% | 97.8% |
| Employee costs, % of revenueEmployee costs, % of revenue. Salaries, wages and other staff costs divided by revenue, times 100. | – | – | – | 0.0% | 0.1% | 0.1% |
| 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. | – | – | – | 1.1% | 1.6% | 1.7% |
| 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. | 1 | 0 | – | 2 | 2 | 2 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. | −6 | 1 | – | 15 | −3 | 0 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. | 6 | 0 | – | 0 | 4 | 2 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. | 0 | 1 | – | 1 | 1 | 1 |
| Profit before tax | 0 | 1 | – | 15 | 0 | 1 |
| 0 | 0 | – | 3 | 0 | 0 | |
| Net profit | 0 | 1 | – | 12 | 0 | 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. | 0.1% | 1.9% | – | 2.4% | 0.0% | 0.2% |
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 2009 they do not, so they are left blank.
Ratios
Standalone, years to March, then June.
| Ratio | Mar 2009 | Jun 2010 | Jun 2011 | Jun 2012 | Jun 2013 |
|---|---|---|---|---|---|
| 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. | 9.6% | – | – | −31.7% | 0.3% |
| 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. | 2,625.9% | – | – | −98.9% | 436.8% |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. | 2.7 | – | 22.7 | – | – |
Interest cover is left blank for the years to Mar 2008, Jun 2012 and Jun 2013: 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 Jun 2013.
| 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. | 1.2% |
| 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. | 0.9% |
Accounting checks
Standalone, years to March, then June. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Mar 2008 | Mar 2009 | Jun 2010 | Jun 2011 | Jun 2012 | Jun 2013 |
|---|---|---|---|---|---|---|
| Effective tax rateEffective tax rate. Tax charged as a percentage of profit before tax.Published threshold 17.16 per cent | 82.47 | 29.12 | – | 19.72 | 63.93 | −30.29 |
A threshold marked as ours has no published figure; it is the line we read the check against.