SRS (Delisted) financials and balance sheet
BSE: 533569Consumer Durables
Last traded ₹0.15 on 6 Nov 2019
Delisted on 28 Oct 2021.
6 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.SRS annual reports
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
- Loss
Peak revenue ₹3,825 Cr, year to Mar 2015A loss in 1 of the 5 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 2017
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue1,001
- Operating expenses−1,075
- Operating profit−74
- Depreciation−18
- Other income+1.8
- Finance costs−117
- Profit before tax−207
- Tax+46
- Net profit−160
Profit and loss
Standalone, ₹ crore, years to March. No results on record for the year to Mar 2016.SRS quarterly results
| ₹ crore | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
|---|---|---|---|---|---|---|
| Revenue from operations | 2,267 | 2,888 | 3,439 | 3,825 | – | 1,001 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. | 2,160 | 2,795 | 3,330 | 3,690 | – | 1,075 |
| 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. | 2,054 | 2,671 | 3,197 | 3,538 | – | 837 |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. | 21 | 27 | 29 | 34 | – | – |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. | 85 | 98 | 103 | 118 | – | – |
| Operating profit before depreciationOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. | 108 | 93 | 109 | 135 | – | −74 |
| Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. | 4.8% | 3.2% | 3.2% | 3.5% | – | −7.4% |
| Materials, % of revenueMaterials, % of revenue. Raw materials used and goods bought for resale, adjusted for the change in stock, divided by revenue, times 100. | 90.6% | 92.5% | 93.0% | 92.5% | – | – |
| Employee costs, % of revenueEmployee costs, % of revenue. Salaries, wages and other staff costs divided by revenue, times 100. | 0.9% | 0.9% | 0.9% | 0.9% | – | – |
| 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. | 3.8% | 3.4% | 3.0% | 3.1% | – | – |
| 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. | 13 | 13 | 14 | 21 | – | 18 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. | 95 | 80 | 95 | 114 | – | −92 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. | 3 | 12 | 8 | 6 | – | 2 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. | 40 | 50 | 53 | 71 | – | 117 |
| Profit before tax | 58 | 42 | 51 | 49 | – | −207 |
| Tax | 14 | 10 | 8 | 10 | – | −46 |
| Net profit | 45 | 33 | 43 | 39 | – | −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. | 2.0% | 1.1% | 1.2% | 1.0% | – | −16.0% |
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the year to Mar 2017 they do not, so they are left blank.
Ratios
Standalone, years to March.
| Ratio | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
|---|---|---|---|---|---|---|
| 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. | – | 27.4% | 19.1% | 11.2% | – | – |
| 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. | – | −13.7% | 17.7% | 23.0% | – | – |
| 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. | – | −26.6% | 30.9% | −9.2% | – | – |
| 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. | – | −34.7% | 30.6% | – | – | – |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. | 2.4 | 1.6 | 1.8 | 1.6 | – | – |
Interest cover is left blank for the year to Mar 2017: 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 2017.
| 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. | −15.1% | −33.7% |
| 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. | 0.6% | −1.9% |
| 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. | −3.2% | −7.5% |
Accounting checks
Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
|---|---|---|---|---|---|---|
| Effective tax rateEffective tax rate. Tax charged as a percentage of profit before tax.Published threshold 17.16 per cent | 23.91 | 22.81 | 15.50 | 20.79 | – | – |
A threshold marked as ours has no published figure; it is the line we read the check against.