VTX Industries (Delisted) financials and balance sheet
BSE: 532824
Formerly Vijayeswari Textiles
Last traded ₹1.43 on 25 Apr 2016
Delisted on 11 May 2018.
7 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.VTX Industries annual reports
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
- Loss
A loss in the year to Mar 2014, −₹237 CrA loss in 3 of the 7 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.
The years either side of a change of basis do not compare. From the year to Mar 2012, the company's revenue for that year, ₹189 Cr, differs from its quarters added, ₹192 Cr.
Results for the year to Mar 2014
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue46
- Materials and goods−35
- Employee costs−13
- Other expenses−31
- Operating profit−33
- Depreciation−13
- Other income+0.3
- Finance costs−47
- Profit before tax−92
- Tax−6.4
- Net profit−237
Profit and loss
Standalone, ₹ crore, years to March.VTX Industries quarterly results
| ₹ crore | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 134 | 118 | 114 | 165 | 189 | 176 | 46 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. | 110 | 119 | 95 | 128 | 150 | 117 | 79 |
| 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. | 32 | 37 | 26 | 38 | 57 | 41 | 35 |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. | – | – | – | – | 21 | 16 | 13 |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. | – | – | – | – | 72 | 60 | 31 |
| Operating profit before depreciationOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. | 24 | 0 | 18 | 37 | 39 | 59 | −33 |
| Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. | 18.0% | −0.2% | 16.3% | 22.4% | 20.9% | 33.7% | −71.2% |
| Materials, % of revenueMaterials, % of revenue. Raw materials used and goods bought for resale, adjusted for the change in stock, divided by revenue, times 100. | – | – | – | – | 30.1% | 23.3% | 76.3% |
| Employee costs, % of revenueEmployee costs, % of revenue. Salaries, wages and other staff costs divided by revenue, times 100. | – | – | – | – | 11.0% | 9.1% | 27.6% |
| 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. | – | – | – | – | 38.0% | 34.0% | 67.3% |
| 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. | 6 | 7 | 5 | 11 | 18 | 17 | 13 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. | 18 | −7 | 13 | 26 | 21 | 43 | −46 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. | 4 | 4 | 2 | 2 | 2 | 3 | 0 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. | 14 | 14 | 13 | 20 | 35 | 42 | 47 |
| 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. | – | −17 | 2 | 8 | −11 | 3 | −92 |
| 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. | – | −2 | 2 | – | – | −1 | – |
| Profit before tax | 9 | −19 | 5 | 8 | −11 | 2 | −92 |
| Tax | 1 | −7 | 1 | 1 | −7 | 1 | 6 |
| Net profit | 8 | −12 | 4 | 7 | −26 | 1 | −237 |
| 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. | 6.3% | −10.3% | 3.2% | 4.3% | −13.9% | 0.5% | −515.9% |
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 and Mar 2011 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 |
|---|---|---|---|---|---|---|---|
| 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. | – | −11.8% | −4.0% | 45.6% | – | −6.7% | −73.9% |
| 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. | – | – | – | 100.3% | – | 50.3% | – |
| 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. | – | – | – | 97.0% | – | – | – |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. | 1.4 | – | 1.0 | 1.4 | 0.6 | 1.0 | – |
Interest cover is left blank for the years to Mar 2009 and Mar 2014: operating profit after depreciation is a loss, and a loss covers no interest bill. Revenue growth and operating profit growth are left blank for the year to Mar 2012: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out.
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 2014.
| 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. | −17.2% | −34.7% |
| 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. | 4.4% | −5.6% |
| 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. | −104.4% | −176.4% |
| Interest cover, averageInterest cover, average. 3 years: The plain average of the yearly interest cover 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 interest cover 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 interest cover over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 1.0 | 0.8 |
Accounting checks
Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 |
|---|---|---|---|---|---|
| Effective tax rateEffective tax rate. Tax charged as a percentage of profit before tax.Published threshold 17.16 per cent | 20.74 | 15.52 | – | 56.52 | – |
A threshold marked as ours has no published figure; it is the line we read the check against.