Usher Agro (Delisted) financials and balance sheet
BSE: 532765
Last traded ₹1.45 on 29 Mar 2019
Delisted on 19 Oct 2020.
10 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to June, then March.Usher Agro annual reports
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
- Loss
Peak revenue ₹1,223 Cr, year to Jun 2014A loss in 2 of the 8 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 June to March: its last year to June on record ended in Jun 2014, its first year to March in Mar 2017.
Results for the year to Mar 2018
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue80
- Materials and goods−79
- Employee costs−2.3
- Other expenses−792
- Operating profit−793
- Depreciation−33
- Other income+0.4
- Finance costs−272
- Profit before tax−1,098
- Tax+9.9
- Net profit−1,088
Profit and loss
Standalone, ₹ crore, years to June, then March. No results on record for the years to Mar 2015 and Mar 2016.Usher Agro quarterly results
| ₹ crore | Jun 2009 | Jun 2010 | Jun 2011 | Jun 2012 | Jun 2013 | Jun 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 209 | 342 | 561 | 812 | 949 | 1,223 | – | – | 436 | 80 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. | 182 | 294 | 486 | 705 | 821 | 1,062 | – | – | – | 874 |
| 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. | 174 | 279 | 461 | 669 | 772 | 992 | – | – | 631 | 79 |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. | 2 | 4 | 8 | 9 | 10 | – | – | – | – | 2 |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. | 6 | 11 | 18 | 28 | 38 | – | – | – | – | 792 |
| Operating profit before depreciationOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. | 27 | 48 | 75 | 107 | 128 | 161 | – | – | – | −793 |
| Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. | 12.9% | 14.0% | 13.3% | 13.2% | 13.5% | 13.2% | – | – | – | −986.9% |
| Materials, % of revenueMaterials, % of revenue. Raw materials used and goods bought for resale, adjusted for the change in stock, divided by revenue, times 100. | 83.2% | 81.6% | 82.2% | 82.4% | 81.4% | – | – | – | – | 98.3% |
| Employee costs, % of revenueEmployee costs, % of revenue. Salaries, wages and other staff costs divided by revenue, times 100. | 1.1% | 1.3% | 1.4% | 1.1% | 1.1% | – | – | – | – | 2.9% |
| 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. | 2.9% | 3.2% | 3.1% | 3.4% | 4.0% | – | – | – | – | 985.7% |
| 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. | 2 | 5 | 9 | 15 | 15 | 21 | – | – | 35 | 33 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. | 25 | 43 | 66 | 92 | 113 | 140 | – | – | – | −826 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. | 1 | 1 | 2 | 2 | 2 | 2 | – | – | 1 | 0 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. | 5 | 14 | 22 | 39 | 50 | 77 | – | – | – | 272 |
| Profit before tax | 20 | 29 | 46 | 55 | 65 | 65 | – | – | −417 | −1,098 |
| Tax | 5 | 6 | 10 | 13 | 20 | 0 | – | – | – | −10 |
| Net profit | 15 | 24 | 35 | 42 | 45 | 63 | – | – | −417 | −1,088 |
| 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. | 7.1% | 6.9% | 6.3% | 5.2% | 4.8% | 5.2% | – | – | −95.7% | −1,354.2% |
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the year to Jun 2014 they do not, so they are left blank. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the year to Mar 2017: the statement does not state its finance costs, which operating profit is worked out from, so operating profit is not given.
Ratios
Standalone, years to June, then March.
| Ratio | Jun 2009 | Jun 2010 | Jun 2011 | Jun 2012 | Jun 2013 | Jun 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. | 48.0% | 63.7% | 64.0% | 44.8% | 17.0% | 28.8% | – | – | – | −81.6% |
| 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. | 42.7% | 78.1% | 55.9% | 43.4% | 20.1% | 25.2% | – | – | – | – |
| 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. | 13.6% | 58.5% | 50.6% | 19.5% | 7.2% | 39.0% | – | – | – | – |
| 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. | 0.0% | 50.3% | 9.8% | – | – | – | – | – | – | – |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. | 4.6 | 3.0 | 3.0 | 2.4 | 2.2 | 1.8 | – | – | – | – |
Interest cover is left blank for the year to 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 | 3 years |
|---|---|
| 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. | −724.9% |
Accounting checks
Standalone, years to June, then March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Jun 2009 | Jun 2010 | Jun 2011 | Jun 2012 | Jun 2013 | Jun 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 | 24.72 | 19.21 | 22.75 | 23.35 | 30.46 | 0.18 | – | – | – | – |
A threshold marked as ours has no published figure; it is the line we read the check against.