Surana Industries (Delisted) financials and balance sheet
BSE: 513597
Last traded ₹1.59 on 9 Nov 2018
Delisted on 19 Oct 2020.
10 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.Surana Industries annual reports
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
- Loss
Peak revenue ₹1,425 Cr, year to Mar 2013A loss in 4 of the 10 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 2017
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue68
- Operating expenses−256
- Operating profit−188
- Depreciation−40
- Other income+1.8
- One-off items−117
- Finance costs−266
- Profit before tax−608
- Net profit−608
Profit and loss
Standalone, ₹ crore, years to March.Surana Industries quarterly results
| ₹ crore | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 800 | 871 | 945 | 1,223 | 1,351 | 1,425 | 555 | 642 | 585 | 68 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. | 722 | 777 | 914 | 1,066 | 1,182 | 1,250 | 612 | 686 | 771 | 256 |
| 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. | – | – | – | – | 1,146 | 1,184 | 571 | 641 | 699 | – |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. | – | – | – | – | 18 | 18 | 13 | 5 | 6 | – |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. | – | – | – | – | 17 | 48 | 28 | 41 | 66 | – |
| Operating profit before depreciationOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. | 78 | 94 | 31 | 157 | 169 | 175 | −57 | −44 | −186 | −188 |
| Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. | 9.8% | 10.8% | 3.3% | 12.8% | 12.5% | 12.3% | −10.3% | −6.9% | −31.8% | −274.6% |
| Materials, % of revenueMaterials, % of revenue. Raw materials used and goods bought for resale, adjusted for the change in stock, divided by revenue, times 100. | – | – | – | – | 84.8% | 83.1% | 102.9% | 99.9% | 119.6% | – |
| Employee costs, % of revenueEmployee costs, % of revenue. Salaries, wages and other staff costs divided by revenue, times 100. | – | – | – | – | 1.4% | 1.3% | 2.3% | 0.7% | 1.0% | – |
| 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. | – | – | – | – | 1.3% | 3.4% | 5.0% | 6.3% | 11.2% | – |
| 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. | 7 | 12 | 22 | 26 | 33 | 39 | 32 | 62 | 42 | 40 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. | 71 | 82 | 9 | 131 | 137 | 136 | −89 | −106 | −228 | −228 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. | 5 | 3 | 33 | 2 | 11 | 5 | 3 | 8 | 5 | 2 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. | 26 | 35 | 58 | 82 | 103 | 114 | 148 | 136 | 162 | 266 |
| 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. | – | 50 | −15 | 51 | 45 | 28 | −234 | −234 | −385 | −492 |
| 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. | – | – | 56 | 4 | – | – | – | – | −141 | −117 |
| Profit before tax | 50 | 50 | 40 | 54 | 45 | 28 | −234 | −234 | −526 | −608 |
| Tax | 17 | 17 | 6 | −2 | 12 | 17 | −78 | 28 | – | – |
| Net profit | 32 | 32 | 35 | 57 | 33 | 10 | −155 | −263 | −526 | −608 |
| 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. | 4.1% | 3.7% | 3.7% | 4.6% | 2.4% | 0.7% | −28.0% | −40.9% | −89.9% | −889.1% |
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2008, Mar 2009, Mar 2010, Mar 2011 and Mar 2017 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 | 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. | – | 8.9% | 8.5% | 29.4% | 10.5% | 5.4% | −61.0% | 15.7% | −8.9% | −88.3% |
| 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. | – | 20.5% | −67.0% | 403.5% | 8.1% | 3.2% | – | – | – | – |
| 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. | – | 0.2% | 6.8% | 62.9% | −42.1% | −68.7% | – | – | – | – |
| 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. | – | −14.7% | 3.7% | 24.5% | −45.8% | −79.6% | – | – | – | – |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. | 2.7 | 2.3 | 0.2 | 1.6 | 1.3 | 1.2 | – | – | – | – |
Interest cover is left blank for the years to Mar 2014, Mar 2015, Mar 2016 and 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 | 10 years | 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. | – | −44.9% | −50.2% |
| 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. | −26.2% | −62.3% | −104.4% |
| 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. | −102.9% | −209.4% | −340.0% |
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 | Mar 2016 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Effective tax rateEffective tax rate. Tax charged as a percentage of profit before tax.Published threshold 17.16 per cent | 34.67 | 34.97 | 14.15 | −3.84 | 26.76 | 62.74 | – | – | – | – |
A threshold marked as ours has no published figure; it is the line we read the check against.