Thiru Arooran Sugars (Delisted) financials and balance sheet
BSE: 507450Agricultural Food & other Products
Formerly Thiru Arooran Sugar Industries
Last traded ₹6.80 on 31 May 2021
Delisted on 20 Nov 2023.
10 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to September, then December, then March.Thiru Arooran Sugars annual reports
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
- Loss
A loss in 4 of the 7 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 December: its last year to September on record ended in Sep 2008, its first year to December in Dec 2010. The company moved its year end from December to March: its last year to December on record ended in Dec 2010, its first year to March in Mar 2013.
The years either side of a change of basis do not compare. From the year to Mar 2017, the company's revenue for that year, ₹231 Cr, differs from its quarters added, ₹236 Cr.
Results for the year to Mar 2018
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue202
- Materials and goods−174
- Employee costs−13
- Other expenses−49
- Operating profit−35
- Depreciation−7.6
- Other income+5.6
- One-off items0.0
- Finance costs−27
- Profit before tax−63
- Tax+18
- Net profit−45
What the company owns
- Plant, investments and other assets₹500 Cr
- Inventory₹76 Cr
- Receivables₹9 Cr
- Cash and bank₹2 Cr
What pays for it: net worth and liabilities
- Other liabilities₹255 Cr
- Owed to suppliers₹197 Cr
- Borrowings₹80 Cr
- Net worth₹55 Cr
Profit and loss
Standalone, ₹ crore, years to September, then December, then March. No results on record for the years to Dec 2009, Mar 2012 and Mar 2016.Thiru Arooran Sugars quarterly results
| ₹ crore | Sep 2008 | Dec 2009 | Dec 2010 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018Filed 23 Aug |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 337 | – | 434 | – | 343 | 193 | 267 | – | 231 | 202what Revenue from operations, Mar 2018, includes. This period's revenue includes excise duty of ₹2.42 crore, a tax on the goods the company makes that it collects and pays to the government. |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. | 330 | – | 414 | – | 306 | 157 | 297 | – | 210 | 237 |
| 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. | 121 | – | 294 | – | 239 | 105 | 252 | – | 163 | 174 |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. | – | – | – | – | – | – | – | – | 15 | 13 |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. | – | – | – | – | – | – | – | – | 32 | 49 |
| Operating profit before depreciationOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. | 7 | – | 20 | – | 37 | 36 | −30 | – | 21 | −35 |
| Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. | 2.0% | – | 4.6% | – | 10.8% | 18.9% | −11.1% | – | 8.9% | −17.1% |
| Materials, % of revenueMaterials, % of revenue. Raw materials used and goods bought for resale, adjusted for the change in stock, divided by revenue, times 100. | – | – | – | – | – | – | – | – | 70.8% | 86.3% |
| Employee costs, % of revenueEmployee costs, % of revenue. Salaries, wages and other staff costs divided by revenue, times 100. | – | – | – | – | – | – | – | – | 6.4% | 6.5% |
| 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. | – | – | – | – | – | – | – | – | 13.8% | 24.3% |
| 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. | 12 | – | 13 | – | 14 | 15 | 8 | – | 8 | 8 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. | −6 | – | 7 | – | 23 | 21 | −37 | – | 13 | −42 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. | 32 | – | 1 | – | 0 | 0 | 19 | – | 6 | 6 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. | 22 | – | 28 | – | 23 | 45 | 53 | – | 26 | 27 |
| 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. | – | – | −20 | – | 0 | −24 | −71 | – | −7 | −63 |
| 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 | – | 4 | −1 | 1 | – | – | 0 |
| Profit before tax | 4 | – | 2 | – | 5 | −25 | −70 | – | −7 | −63 |
| 3 | – | −1 | – | 2 | −9 | −23 | – | −3 | −18 | |
| Net profit | 1 | – | 3 | – | 2 | −16 | −47 | – | −5 | −45 |
| Other comprehensive incomeOther comprehensive income. Gains and losses booked straight to net worth rather than through profit, such as changes in the value of some investments, pension plans and currency translation. | – | – | – | – | – | – | – | – | – | −5 |
| Total comprehensive incomeTotal comprehensive income. Net profit plus other comprehensive income. | – | – | – | – | – | – | – | – | – | −50 |
| 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. | 0.4% | – | 0.6% | – | 0.7% | −8.2% | −17.7% | – | −2.1% | −22.4% |
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Sep 2008, Dec 2010, Mar 2013, Mar 2014 and Mar 2015 they do not, so they are left blank.
Balance sheet
Standalone, ₹ crore, at 30 September, then 31 December, then 31 March.
| ₹ crore | Mar 2018Filed 23 Aug |
|---|---|
| Net worth. What the company owns less everything it owes: the money shareholders have in the business, paid in and kept from profits. | 55 |
| Share capitalShare capital. The face value of all the shares the company has issued. | 11 |
| ReservesReserves. The rest of the shareholders' net worth: profits kept in the business over the years, and money paid for shares above their face value. | 43 |
| BorrowingsBorrowings. Loans, bonds and other money the company has borrowed and must repay with interest. | 80 |
| Liabilities due within a year. Everything the company must pay within twelve months: borrowings falling due, suppliers, and other dues and provisions. | 357 |
| Liabilities due after a year. Everything the company owes that falls due more than twelve months on, borrowings among it. | 174 |
| Total assetsTotal assets. Everything the company owns or controls: plant, investments, stock, money owed by customers and cash. | 586 |
| Assets held for longer than a year. Everything the company owns that it does not expect to turn into cash within twelve months: plant, intangibles, long-term investments, loans given and the like. | 423 |
| Assets turning to cash within a year. Everything the company expects to turn into cash or use up within twelve months: stock, money owed by customers, cash and short-term investments. | 163 |
| Net debtNet debt. Borrowings less cash, other bank balances and current investments: what the company would still owe if it used its cash to repay. | 78 |
Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Sep 2008, Dec 2010, Mar 2013, Mar 2014, Mar 2015 and Mar 2017, so its lines and the ratios worked from it are blank there.
Ratios
Standalone, years to September, then December, then March.
| Ratio | Sep 2008 | Dec 2009 | Dec 2010 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018Filed 23 Aug |
|---|---|---|---|---|---|---|---|---|---|---|
| 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. | −3.2% | – | – | – | – | −43.6% | 38.0% | – | – | −12.4% |
| 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. | – | – | – | – | – | −2.0% | – | – | – | – |
| Return on equityReturn on equity. Profit belonging to shareholders as a percentage of their average net worth over the year. | – | – | – | – | – | – | – | – | – | −82.8%what Return on equity, Mar 2018, includes. This year's return on equity, asset turnover and assets per rupee of net worth are on its year-end balance sheet: none a year before is on record to average with. |
| Return on capital employedReturn on capital employed. Operating profit after depreciation divided by net worth plus borrowings at the year end, times 100: what the business earns on all the money in it. | – | – | – | – | – | – | – | – | – | −31.3% |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. | – | – | 0.3 | – | 1.0 | 0.5 | – | – | 0.5 | – |
| Debt to equityDebt to equity. Borrowings at the year end divided by net worth: rupees borrowed for each rupee shareholders have in the business. | – | – | – | – | – | – | – | – | – | 1.46 |
| Receivable daysReceivable days. Trade receivables divided by revenue, times 365: the average days customers take to pay. | – | – | – | – | – | – | – | – | – | 15 |
| Inventory daysInventory days. Inventories divided by the cost of materials and goods, times 365: the days of stock the company holds. | – | – | – | – | – | – | – | – | – | 158 |
| Payable daysPayable days. Trade payables divided by the cost of materials and goods, times 365: the average days the company takes to pay suppliers. | – | – | – | – | – | – | – | – | – | 411 |
| Cash conversion cycle, daysCash conversion cycle. Receivable days plus inventory days less payable days: how long money is tied up between paying suppliers and being paid by customers. | – | – | – | – | – | – | – | – | – | −238 |
| Working capital daysWorking capital days. Assets turning to cash within a year, less cash, bank deposits and current investments, minus liabilities due within a year, less borrowings, divided by the year's revenue, times 365. | – | – | – | – | – | – | – | – | – | −210 |
| Asset turnoverAsset turnover. Revenue divided by average total assets: rupees of sales for each rupee of assets. | – | – | – | – | – | – | – | – | – | 0.35 |
| Assets per rupee of net worthAssets per rupee of net worth. Average total assets divided by average net worth: how far borrowings and other liabilities stretch the shareholders' money. | – | – | – | – | – | – | – | – | – | 10.71 |
| Sales per rupee of plantSales per rupee of plant. Revenue divided by the net block: rupees of sales for each rupee of plant in use. | – | – | – | – | – | – | – | – | – | 0.96 |
| Plant being built, % of plant in useCapital work in progress, % of net block. Plant still being built as a percentage of the plant in use. | – | – | – | – | – | – | – | – | – | 3.7% |
Interest cover is left blank for the years to Sep 2008, Mar 2015 and Mar 2018: operating profit after depreciation is a loss, and a loss covers no interest bill. No balance sheet is on record for the years to Sep 2008, Dec 2010, Mar 2013, Mar 2014, Mar 2015 and Mar 2017, so its lines and the ratios worked from it are blank there.
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.
- Return on assets, latest yearReturn on assets, latest year. Profit to the company's own shareholders in the latest year ÷ the average of that year's opening and closing total assets × 100; empty for a bank, a lender or an insurer, whose own return on assets is shown with its accounts.
- −7.7%
| 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. | −10.0% | −8.9% |
| 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. | −0.1% | −4.1% |
| 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. | −12.6% | −12.2% |
Accounting checks
Standalone, years to September, then December, then March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Dec 2010 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|
| Effective tax rateEffective tax rate. Tax charged as a percentage of profit before tax.Published threshold 17.16 per cent | −66.83 | – | 49.70 | – | – | – | – | – |
A threshold marked as ours has no published figure; it is the line we read the check against.