Excel Glasses financials and balance sheet
BSE: 502223Industrial Products
Trading suspended since 17 Mar 2015
Last traded ₹0.92 on 9 Mar 2015
10 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March, then September.Excel Glasses annual reports
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
- Loss
Peak revenue ₹26 Cr, year to Mar 2009Back to profit in the year to Mar 2019, ₹3.66 Cr
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 March to September: its last year to March on record ended in Mar 2009, its first year to September in Sep 2010. The company moved its year end from September to March: its last year to September on record ended in Sep 2010, its first year to March in Mar 2017.
Results for the year to Mar 2019
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue0.0
- Employee costs0.0
- Other expenses−0.7
- Operating profit−0.7
- Depreciation−6.5
- Other income0.0
- One-off items+11
- Finance costs0.0
- Profit before tax3.7
- Tax0.0
- Net profit3.7
What the company owns
- Plant, investments and other assets₹16 Cr
- Inventory₹10 Cr
- Receivables₹1 Cr
- Cash and bank₹0 Cr
What pays for it: net worth and liabilities
- Borrowings₹74 Cr
- Owed to suppliers₹3 Cr
Profit and loss
Standalone, ₹ crore, years to March, then September. No results on record for the years to Mar 2012, Mar 2013, Mar 2014, Mar 2015 and Mar 2016.Excel Glasses quarterly results
| ₹ crore | Mar 2009 | Sep 2010 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019Filed 11 Jun |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 26.0 | – | – | – | – | – | – | 0.0 | 0.0 | 0.0 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. | 32.6 | – | – | – | – | – | – | – | −0.8 | 0.7 |
| 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. | – | – | – | – | – | – | – | – | – | 0.0 |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. | – | – | – | – | – | – | – | – | – | 0.0 |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. | – | – | – | – | – | – | – | – | – | 0.7 |
| Operating profit before depreciationOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. | −6.6 | – | – | – | – | – | – | – | 0.8 | −0.7 |
| Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. | −25.3% | – | – | – | – | – | – | – | 5,589.3% | – |
| 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. | 2.7 | 2.7 | – | – | – | – | – | – | 31.6 | 6.5 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. | −9.3 | – | – | – | – | – | – | – | −30.8 | −7.2 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. | 0.2 | – | – | – | – | – | – | 0.0 | 0.0 | 0.0 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. | 5.5 | 5.7 | – | – | – | – | – | 0.6 | 0.6 | 0.0 |
| 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. | −14.6 | −14.1 | – | – | – | – | – | −0.8 | −31.4 | −7.2 |
| 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. | – | −3.3 | – | – | – | – | – | – | – | 10.9 |
| Profit before tax | −14.6 | −17.4 | – | – | – | – | – | −0.8 | −31.4 | 3.7 |
| Tax | 0.0 | – | – | – | – | – | – | – | – | 0.0 |
| Net profit | −14.7 | 0.8 | – | – | – | – | – | −0.8 | −31.4 | 3.7 |
| 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. | −56.3% | – | – | – | – | – | – | −28,266.7% | −2,09,366.7% | – |
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2009 and Mar 2018 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 Sep 2010: the statement does not state its revenue, which operating profit is worked out from, so operating profit is not given. 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 depreciation, which operating profit is worked out from, so operating profit is not given.
Balance sheet
Standalone, ₹ crore, at 31 March, then 30 September.
| ₹ crore | Mar 2019Filed 11 Jun |
|---|---|
| Net worth. What the company owns less everything it owes: the money shareholders have in the business, paid in and kept from profits. | −72.4 |
| Share capitalShare capital. The face value of all the shares the company has issued. | 7.1 |
| 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. | −79.5 |
| Borrowings. Loans, bonds and other money the company has borrowed and must repay with interest. | 73.7 |
| Liabilities due within a year. Everything the company must pay within twelve months: borrowings falling due, suppliers, and other dues and provisions. | 93.8 |
| Liabilities due after a yearLiabilities due after a year. Everything the company owes that falls due more than twelve months on, borrowings among it. | 5.0 |
| Total assetsTotal assets. Everything the company owns or controls: plant, investments, stock, money owed by customers and cash. | 26.5 |
| 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. | 13.2 |
| 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. | 13.3 |
| 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. | 73.6 |
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 Mar 2009, Sep 2010, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.
Ratios
Standalone, years to March, then September.
| Ratio | Mar 2009 | Sep 2010 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019Filed 11 Jun |
|---|---|---|---|---|---|---|---|---|---|---|
| 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. | −64.6% | – | – | – | – | – | – | – | 400.0% | −100.0% |
| 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. | – | – | – | – | – | – | – | – | – | −550.2% |
| Asset turnoverAsset turnover. Revenue divided by average total assets: rupees of sales for each rupee of assets. | – | – | – | – | – | – | – | – | – | 0.00 |
| 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. | – | – | – | – | – | – | – | – | – | −0.37 |
| 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. | – | – | – | – | – | – | – | – | – | 0.00 |
| 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. | – | – | – | – | – | – | – | – | – | 0.0% |
Interest cover is left blank for the years to Mar 2009 and Mar 2018: operating profit after depreciation is a loss, and a loss covers no interest bill. Debt to equity is left blank for the year to Mar 2019: net worth is below zero, so there is no shareholders' money to set the borrowings against. No balance sheet is on record for the years to Mar 2009, Sep 2010, Mar 2017 and Mar 2018, 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 2019.
- 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.
- 13.8%
| 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. | −1,18,816.7% |
Accounting checks
Standalone, years to March, then September. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Mar 2019 |
|---|---|
| Effective tax rateEffective tax rate. Tax charged as a percentage of profit before tax.Published threshold 17.16 per cent | 0.00 |
A threshold marked as ours has no published figure; it is the line we read the check against.