Western India Shipyard (Delisted) financials and balance sheet
BSE: 531217
Last traded ₹0.88 on 6 Feb 2017
Delisted on 4 Jul 2018.
8 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.Western India Shipyard annual reports
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
- Loss
A loss in 5 of the 8 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 2011, the company's revenue for that year, ₹111 Cr, differs from its quarters added, ₹110 Cr. From the year to Mar 2012, the company's revenue for that year, ₹90 Cr, differs from its quarters added, ₹133 Cr. From the year to Mar 2013, the company's revenue for that year, ₹73 Cr, differs from its quarters added, ₹54 Cr.
Results for the year to Mar 2015
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue29
- Operating expenses−50
- Operating profit−21
- Depreciation−12
- Other income+5.8
- Finance costs−6.4
- Profit before tax−34
- Tax+0.1
- Net profit−34
Profit and loss
Standalone, ₹ crore, years to March.Western India Shipyard quarterly results
| ₹ crore | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 37 | 72 | 74 | 111 | 90 | 73 | 39 | 29 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. | 40 | 65 | 58 | 75 | 56 | 66 | 51 | 50 |
| 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. | 16 | 26 | 11 | 17 | 47 | 21 | 5 | 2 |
| Operating profit before depreciationOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. | −4 | 7 | 16 | 37 | 34 | 7 | −12 | −21 |
| 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% | 10.2% | 21.6% | 33.1% | 37.7% | 10.0% | −30.0% | −71.3% |
| 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. | 11 | 11 | 11 | 11 | 10 | 13 | 13 | 12 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. | −14 | −3 | 5 | 26 | 23 | −6 | −25 | −33 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. | 1 | 3 | 2 | 2 | 0 | 6 | 6 | 6 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. | 21 | 25 | 6 | 12 | 11 | 12 | 8 | 6 |
| 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. | – | −25 | 1 | 16 | 12 | −13 | −27 | −34 |
| 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. | – | – | – | – | – | 3 | – | – |
| Profit before tax | −35 | −25 | 1 | 16 | 12 | −10 | −27 | −34 |
| Tax | 0 | 0 | – | – | 0 | 0 | 0 | 0 |
| Net profit | −29 | −21 | 50 | 15 | 12 | −10 | −27 | −34 |
| 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. | −78.1% | −29.7% | 67.1% | 13.8% | 13.6% | −13.5% | −68.7% | −115.2% |
Ratios
Standalone, years to March.
| Ratio | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
|---|---|---|---|---|---|---|---|
| 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. | 96.1% | 2.8% | – | – | – | −46.4% | −25.4% |
| 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. | – | 117.0% | – | – | – | – | – |
| 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. | – | – | −69.2% | −20.3% | – | – | – |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. | – | 0.8 | 2.2 | 2.1 | – | – | – |
Interest cover is left blank for the years to Mar 2008, Mar 2009, Mar 2013, Mar 2014 and Mar 2015: 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 years to Mar 2011, Mar 2012 and Mar 2013: 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 2015.
| 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. | −17.0% | −31.2% |
| 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. | −4.1% | −30.4% |
| 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. | −34.0% | −65.8% |
Accounting checks
Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 |
|---|---|---|---|---|
| Effective tax rateEffective tax rate. Tax charged as a percentage of profit before tax.Published threshold 17.16 per cent | 0.55 | – | – | – |
A threshold marked as ours has no published figure; it is the line we read the check against.