Western India Cottons (Delisted) financials and balance sheet
BSE: 532026
Delisted on 4 Jul 2018.
10 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.Western India Cottons annual reports
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
Peak revenue ₹4.06 Cr, year to Mar 2017
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 2018
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue3.2
- Materials and goods−2.8
- Employee costs−0.5
- Other expenses−1.1
- Operating profit−1.2
- Depreciation−0.1
- Other income+0.8
- One-off items+0.7
- Finance costs0.0
- Profit before tax0.2
- Tax0.0
- Net profit0.2
Profit and loss
Standalone, ₹ crore, years to March. No results on record for the years to Mar 2013, Mar 2014, Mar 2015 and Mar 2016.Western India Cottons quarterly results
| ₹ crore | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 3.87 | 3.95 | 3.65 | 3.62 | – | – | – | – | 4.06 | 3.20 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. | 3.91 | 4.04 | 3.81 | 3.77 | – | – | – | – | 4.69 | 4.43 |
| 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. | – | 3.40 | 2.92 | 2.90 | – | – | – | – | 3.50 | 2.84 |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. | – | 0.13 | 0.23 | 0.15 | – | – | – | – | 0.25 | 0.47 |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. | – | 0.60 | 0.67 | 0.72 | – | – | – | – | 0.94 | 1.12 |
| Operating profit before depreciationOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. | −0.04 | −0.09 | −0.16 | −0.15 | – | – | – | – | −0.63 | −1.23 |
| Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. | −1.0% | −2.4% | −4.4% | −4.2% | – | – | – | – | −15.6% | −38.6% |
| Materials, % of revenueMaterials, % of revenue. Raw materials used and goods bought for resale, adjusted for the change in stock, divided by revenue, times 100. | – | 85.9% | 80.1% | 80.2% | – | – | – | – | 86.1% | 88.9% |
| Employee costs, % of revenueEmployee costs, % of revenue. Salaries, wages and other staff costs divided by revenue, times 100. | – | 3.3% | 6.4% | 4.1% | – | – | – | – | 6.2% | 14.6% |
| 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. | – | 15.1% | 18.3% | 19.9% | – | – | – | – | 23.3% | 35.0% |
| 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. | 0.07 | 0.06 | 0.06 | 0.06 | – | – | – | – | 0.08 | 0.08 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. | −0.11 | −0.15 | −0.22 | −0.21 | – | – | – | – | −0.71 | −1.31 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. | 0.07 | 0.06 | 0.02 | 0.43 | – | – | – | – | 0.87 | 0.85 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. | 0.02 | 0.08 | 0.02 | 0.11 | – | – | – | – | 0.01 | 0.00 |
| 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. | −0.09 | −0.25 | −0.23 | 0.11 | – | – | – | – | 0.15 | −0.47 |
| 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. | −0.07 | 0.45 | 0.00 | −0.02 | – | – | – | – | −0.02 | 0.68 |
| Profit before tax | −0.16 | 0.20 | −0.23 | 0.09 | – | – | – | – | 0.13 | 0.21 |
| – | – | 0.47 | – | – | – | – | – | −0.01 | 0.01 | |
| Net profit | 1.43 | 0.20 | 4.40 | 0.09 | – | – | – | – | 0.13 | 0.20 |
| 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. | 36.8% | 5.1% | 120.7% | 2.4% | – | – | – | – | 3.2% | 6.2% |
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the year to Mar 2009 they do not, so they are left blank.
Ratios
Standalone, years to March.
| Ratio | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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. | −46.3% | 2.0% | −7.6% | −0.9% | – | – | – | – | – | −21.3% |
| 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. | – | −85.8% | 2,069.5% | −98.0% | – | – | – | – | – | 51.1% |
| 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. | – | – | – | – | – | – | – | – | – | 51.7% |
Interest cover is left blank for the years to Mar 2009, Mar 2010, Mar 2011, Mar 2012, Mar 2017 and Mar 2018: 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 2018.
| 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. | −7.8% | – | – |
| 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. | – | – | −27.1% |
| 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. | – | – | 4.7% |
Accounting checks
Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Mar 2017 | Mar 2018 |
|---|---|---|
| Effective tax rateEffective tax rate. Tax charged as a percentage of profit before tax.Published threshold 17.16 per cent | −5.60 | 5.26 |
A threshold marked as ours has no published figure; it is the line we read the check against.