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|
MIRA INFORM REPORT
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Report No. : |
495200 |
|
Report Date : |
28.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
SIMPLEX INFRASTRUCTURES LIMITED |
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|
|
Registered
Office : |
‘Simplex House’,
27, Shakespeare Sarani, Kolkata – 700017, West Bengal |
|
Tel. No.: |
91-33-23011600 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
19.12.1924 |
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Com. Reg. No.: |
21-004969 |
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Capital
Investment / Paid-up Capital : |
INR 99.300 Million |
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CIN No.: [Company Identification
No.] |
L45209WB1924PLC004969 |
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IEC No.: [Import-Export Code No.] |
0288021746 |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
CALS00978F |
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PAN No.: [Permanent Account No.] |
AAECS0765R |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Subject is
engaged into Construction
business and Others which include Oil Drilling Services, Real Estate and hiring of Plant and Equipment. [Registered
Activity] |
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|
|
|
No. of Employees
: |
3371 (Approximately) |
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Exist |
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Comments : |
Simplex Infrastructure Limited, incorporated in 1924, is one of the leading construction companies. The company is primarily engaged in foundation work, turnkey projects and general civil construction. It is an established company having good track record. Simplex has completed large number of prestigious contracts and has received commendation certificates from many of its clients. The company also has overseas presence in countries like Bangladesh, Bahrain, UAE, Oman, Qatar, Saudi Arabia and Ethiopia. For the financial year 2017, the company has slightly decreased its revenue from operations as compared to previous year and maintained average profit margin of 2.14%. Rating takes into consideration sound financial profile of the company marked by healthy networth base along with average debt structure. The company also derives strength from the long and established track records of business operation, proven project execution capabilities with strong technical tie-ups, strong order book position translating into medium-term revenue visibility and diversified project mix as well as client portfolio. Share price are quoted high on stock exchange (Share Price of INR 578 with face value of INR 02). However, the rating strength is partially offset by company exposure to inherent cyclical risk associated with construction industry. Trade relations are fair. Business is active. Payments seems to be slow but correct. In a view of aforesaid, the company can be considered for business dealings with usual trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Rating = A |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
05.10.2017 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Rating = A1 |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
05.10.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 28.02.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
Management Non-Cooperative (91-33-23011600)
LOCATIONS
|
Registered Office : |
‘Simplex House’,
27, Shakespeare Sarani, Kolkata – 700017, West Bengal, India |
|
Tel. No.: |
91-33-23011600 |
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Fax No.: |
91-33-22835966/ 5965/ 5964 |
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E-Mail : |
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Website : |
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Administrative
Office: |
12/1,
Nellie Sengupta Sarani, Kolkata – 700087, West Bengal, India |
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Tel. No.: |
91-33-22527596/
8371/ 8373/ 9372 |
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Fax No.: |
91-33-22527595 |
|
|
|
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Branch Offices : |
‘Vaikunth’, 2nd floor, 82-83, Nehru Place, New Delhi – 110019, India Fax: 91-11-26465869 Email: simplexdelhi@simplexinfra.com Mumbai Office 502-A, Poonam
Chambers, Shiv Sagar Estate A wing, Dr. A.B. Road, Worli, Mumbai – 400018, Maharashtra, India Tel: 91-22-24913481 / 8397, 2492 9034 / 2756/ 2064 Chennai
Office New No.48 (Old
No.21), Casa Major Road, Egmore, Chennai – 600008, Tamilnadu , India Tel:
91-44-28195050/51/52/53/54 Fax:
91-44-28195056/57 Baroda office 3rd Floor, 'Offtel Tower' No.II, R. C. Dutta Road, Baroda – 390005, Gujarat, India Tel.: 91-265-2354566/ 2330639. Fax: 91-265-2342416 Bangalore Office Brigade Plaza, Unit – C, # 71/1, Near Anandrao Circle, S.C. Road, Bangalore – 560009, Karnataka, India Tel No.: 91-80-4098 9813 Dubai Office Office No.312, Pinnacle Building, AI Barsha 1st (above Caesars Restaurant), Sheikh Zayed Road Dubai (UAE), P.O. Box 124748 Tel: 91-71-43996785 Fax : 91-71-43996785 Bahrain office: C/o Almoyyed Contracting, P O Box – 32571 and 32471, Manama, Kingdom of Bahrain Doha
office: Home centre
building, HBK Tower, Room no 1, 1st Floor, Post Box No 22472, Doha, Qatar Tel: 974-4435408
/ 4421545 / 4328843 Fax: 974-4435407 Oman Office 2nd Floor, “Sohar House:, Building No.1899, Way No.2137,
Madinat AI Sultan Qaboos, P.O. Box 1945, PC:114, Muscat, Sultanate of Oman Tel: 91-68-24699429 Fax: 91-68-24699516 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Rajiv Mundhra |
|
Designation : |
Wholetime Director |
|
Address : |
27, Shakespeare, Sarani, Kolkata – 700017, West Bengal, India |
|
Experience : |
28.07.2003 |
|
DIN No.: |
00014237 |
|
|
|
|
Name : |
Mr. Nripendra Nath Bhattacharyya |
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Designation : |
Director |
|
Address : |
"Saptaparni Apartment" Tower Block Flat No. D/21, 58/3, Ballygunge Circular Road, Kolkata – 700019, West Bengal, India |
|
Experience : |
28.02.2005 |
|
DIN No.: |
00014250 |
|
|
|
|
Name : |
Mr. Sheo Kishan Damani |
|
Designation : |
Director |
|
Address : |
22/1, Alipore Road, 5th Floor, Kolkata – 700027, West
Bengal, India |
|
Experience : |
06.10.2005 |
|
DIN No.: |
00062780 |
|
|
|
|
Name : |
Mr. Sukumar Dutta |
|
Designation : |
Wholetime Director |
|
Address : |
4, Jatin Das Road, 4th Floor, Kolkata – 700029, West Bengal, India |
|
Experience : |
21.06.2001 |
|
DIN No.: |
00062827 |
|
|
|
|
Name : |
Mr. Asutosh Sen |
|
Designation : |
Director |
|
Address : |
58/A/2 N. C. Chowdhury Road P.O. – Kasba, Kolkata – 700042, West Bengal, India |
|
Experience : |
30.05.2013 |
|
DIN No.: |
00165345 |
|
|
|
|
Name : |
Mr. Dipak Narayan Basu |
|
Designation : |
Wholetime Director |
|
Address : |
Simplex Infrastructures Limited Vaikunth, 2nd Floor, 82-83 Nehru Place, New Delhi – 110019, India |
|
Experience : |
21.11.2016 |
|
DIN No.: |
00981990 |
|
|
|
|
Name : |
Mr. Atindra Narayan Basu |
|
Designation : |
Wholetime Director |
|
Address : |
14ci Brook Tower Hiland Park, Chakgaria, Kolkata – 700094, West Bengal, India |
|
Experience : |
20.09.2016 |
|
DIN No.: |
05296613 |
|
|
|
|
Name : |
Ms. Leena Ghosh |
|
Designation : |
Director |
|
Address : |
43, Sarat Bose Road, Flat 804, Kolkata – 700020, West Bengal, India |
|
Experience : |
24.03.2015 |
|
DIN No.: |
07099984 |
KEY EXECUTIVES
|
Name : |
Mr. Banwari Lal Bajoria |
|
Designation : |
Senior VP and Company Secretary |
|
Address : |
B - 16 Flat 5, Kalindi Housing Estate, Kolkata – 700089, West Bengal, India |
|
Date of Appointment : |
17.08.1992 |
|
PAN No.: |
AEEPB5506Q |
SHAREHOLDING PATTERN
AS ON December 2017
|
Category of
Shareholder |
No.
of Shares |
Percentage
of Holding |
|
(A) Promoter
& Promoter Group |
27869790 |
56.33 |
|
(B) Public |
21602540 |
43.67 |
|
Grand Total |
49472330 |
100.00 |
Statement showing shareholding pattern of the Promoter
and Promoter Group
|
Category of
Shareholder |
No.
of Shares |
Percentage
of Holding |
|
Individuals/Hindu
undivided Family |
9384875 |
18.97 |
|
Mr. Bithal Das
Mundhra |
3029245 |
6.12 |
|
Smt Yamuna
Mundhra * |
2293385 |
4.64 |
|
Mr. Amitabh Das
Mundhra ** |
2011570 |
4.07 |
|
Mr. Rajiv Mundhra
*** |
1868790 |
3.78 |
|
Smt.Savita Devi
Mundhra |
100000 |
0.20 |
|
Mrs.Anuja Mundhra |
80000 |
0.16 |
|
Smt Savita Bagri |
1885 |
0.00 |
|
Any Other
(specify) |
18484915 |
37.36 |
|
Anupriya
Consultants Private Limited |
7259397 |
14.67 |
|
RBS Credit and
Financial Dev. Private Limited |
4765764 |
9.63 |
|
Baba Basuki Distributors Private Limited |
2476030 |
5.00 |
|
Anjali Trade Links Private Limited |
750000 |
1.52 |
|
Giriraj Apartments Private Limited |
90750 |
0.18 |
|
Sandeepan Export Private Limited |
1000000 |
2.02 |
|
Universal Earth Engg. Consultancy Serv. Private Limited |
117965 |
0.24 |
|
East End Trading & Engg. Co. Private Limited |
1252930 |
2.53 |
|
Ajay Merchants Private Limited |
41500 |
0.08 |
|
Regard Fin-Cap Private Limited |
105500 |
0.21 |
|
JMS Mining Services Private Limited
(Formerly- Joy Mining Services India Private Limited |
462579 |
0.94 |
|
Simplex Infraproperties Private Limited |
162500 |
0.33 |
|
Sub Total A1 |
27869790 |
56.33 |
|
A=A1+A2 |
27869790 |
56.33 |
Statement showing shareholding pattern of the Public shareholder
|
Category of
Shareholder |
No.
of Shares |
Percentage
of Holding |
|
Mutual Funds/ |
8995516 |
18.18 |
|
HDFC Trustee Company Limited-HDFC Equity
Fund, HDFC Infrastructures, Hdfc Monthly Income Pllan Long Term Plan |
4434780 |
8.96 |
|
Reliance Capital Trustee Co. Limited - A/C
Reliance Tax Saver (ELSS) Fund, A/C. Reliance Equity Opportunities Fund, A/C.
Reliance Capial Buider Fund 2 SR B |
4557736 |
9.21 |
|
Foreign Portfolio Investors |
694859 |
1.40 |
|
Financial Institutions/ Banks |
687773 |
1.39 |
|
State Bank of India |
686623 |
1.39 |
|
Insurance Companies |
48549 |
0.10 |
|
Sub Total B1 |
10426697 |
21.08 |
|
Individual share capital upto INR 0.200 million |
5541335 |
11.20 |
|
Individual share capital in excess of INR 0.200 million |
280000 |
0.57 |
|
Any Other (specify) |
5354508 |
10.82 |
|
Bodies Corporate |
4462411 |
9.02 |
|
South Asia Finvest Private Limited |
557500 |
1.13 |
|
NRI |
703430 |
1.42 |
|
Trusts |
2942 |
0.01 |
|
A.O.P. |
185725 |
0.38 |
|
Sub Total B3 |
11175843 |
22.59 |
|
B=B1+B2+B3 |
21602540 |
43.67 |
BUSINESS DETAILS
|
Line of Business : |
Subject is
engaged into Construction
business and Others which include Oil Drilling Services, Real Estate and hiring of Plant and Equipment. [Registered
Activity] |
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Products / Services
: |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
3371 (Approximately) |
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Bankers : |
· HDFC Bank Limited, HDFC Bank House,Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India ·
ICICI Bank Limited, ICICI Bank Tower, Near
Chakli Circle, Old Padra Road, Vadodara – 390007, Gujarat, India |
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Facilities : |
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Auditors 1 : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Plot
No Y – 14, Block – EP, Sector – V,
Salt Lake Electronic Complex, Bidhan Nagar, Kolkata – 700091, West Bengal,
India |
|
Tel. No.: |
91-33-23579260 / 23577600 |
|
Fax No.: |
91-33-23577496 |
|
|
|
|
Auditors 2 : |
|
|
Name : |
H.S. Bhattacharjee and Company Chartered Accountants |
|
Address : |
Kamalalaya
Centre, 3rd Floor, Room No – 316, 156A, Lenin Sarani, Kolkata –
700013, West Bengal, India |
|
Tel. No.: |
91-33-22159323 / 0832 / 0963 |
|
E-mail.: |
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|
Website : |
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|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary Companies : |
·
Simplex (Middle-East) Limited ·
Simplex Infrastructures Libya Joint Venture
Co. ·
Simplex Infra Development Private Limited
(Formerly Simplex Infra Development Limited) ·
Maa Durga Expressways Private Limited ·
Jaintia Highway Private Limited · Simplex (Bangladesh) Private Limited (with effect from 19th May, 2015) ·
Simplex Infrastructures L.L.C. (up
to 13th March, 2016) |
|
|
|
|
Joint Venture : |
· Simplex Almoayyed WLL ·
Arabian Construction Co− Simplex Infra
Private Limited |
|
|
|
|
Associates : |
· Shree Jagannath Expressways Private Limited · Raichur Sholapur Transmission Company Private Limited ·
Simplex Infrastructures LLC (with effect from
14th March, 2016) |
|
|
·
|
|
Entities controlled by Director or
relatives of Director : |
· Giriraj Apartments Private Limited · Mundhra Estates · Safe Builders · RBS Credit and Financial Development Private Limited · Anupriya Consultants Private Limited · Baba Basuki Distributors Private Limited · Asnew Finance and Investment Private Limited · Anjali Trade Links Private Limited · Universal Earth Engineering Consultancy Private Limited · Varuna Multifi n Private Limited · East End Trading and Engineering Co. Private Limited · Ajay Merchants Private Limited · Sandeepan Exports (Private Limited · Simplex Technologies Private Limited · Regard Fin−Cap Private Limited · JMS Mining Services Private Limited · Salarpuria Simplex Dwelling LLP · Raseshwar Engineers and Consultants Private Limited |
|
|
|
|
Post-employment benefit plan entity : |
· Simplex Infrastructures Gratuity Fund · Simplex Employees Provident fund |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
374900000 |
Equity Shares |
INR 2/- each |
INR 749.800 Million |
|
20000 |
15% Cumulative Preference Shares |
INR 10/- each |
INR 0.200 Million |
|
|
|
|
|
|
|
Total |
|
INR 750.000
Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
49472330 |
Equity Shares |
INR 2/- each |
INR 98.900
Million |
|
|
Add: 1,26,000 Equity Shares of INR 10/- each (equivalent of 6,30,000 Equity Shares of INR 2/- each) forfeited in earlier years |
|
INR 0.400
Million |
|
|
|
|
|
|
|
Total |
|
INR 99.300 Million |
Rights, preferences and restrictions
attached to shares
The Company has one class of equity shares having a par value of INR 2/- per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.
Details of Equity
Shares held by shareholders holding more than 5% of the aggregate shares in the
Company
|
Details of shareholder |
Number of Shares |
% of holding |
|
Anupriya Consultants Private Limited |
7259397 |
14.67% |
|
RBS Credit And Financial Developments Private Limited |
4765764 |
9.63% |
|
HDFC Trustee Company Limited - HDFC Prudence, HDFC Equity Fund, HDFC Infrastructures, HDFC Monthly Income |
4434780 |
8.96% |
|
Reliance Capital Trustee Co. Limited - Reliance Tax Saver (ELSS) Fund, Reliance Capital Builder Fund 2 SR B, Reliance Equity Opportunities Fund |
4336660 |
8.77% |
|
Bithal Das Mundhra |
3035464 |
6.14% |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
99.300 |
99.300 |
99.300 |
|
(b) Reserves & Surplus |
15203.700 |
14151.000 |
14322.600 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
15303.000 |
14250.300 |
14421.900 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
5804.300 |
6101.600 |
5273.700 |
|
(b) Deferred tax liabilities (Net) |
1064.100 |
104.200 |
1919.200 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
82.000 |
|
(d) long-term
provisions |
121.400 |
798.100 |
93.500 |
|
Total Non-current
Liabilities (3) |
6989.800 |
7003.900 |
7368.400 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
27011.300 |
27542.800 |
26677.800 |
|
(b) Trade
payables |
17118.500 |
15267.900 |
17687.700 |
|
(c) Other
current liabilities |
17703.000 |
15048.900 |
12159.400 |
|
(d) Short-term
provisions |
50.600 |
42.500 |
78.000 |
|
Total Current
Liabilities (4) |
61883.400 |
57902.100 |
56602.900 |
|
|
|
|
|
|
TOTAL |
84176.200 |
79156.300 |
78393.200 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
11710.200 |
12797.300 |
11142.000 |
|
(ii)
Intangible Assets |
19.700 |
14.100 |
17.900 |
|
(iii)
Capital work-in-progress |
114.800 |
123.200 |
48.500 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1315.600 |
1235.300 |
1168.800 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
438.300 |
|
(e) Other
Non-current assets |
212.700 |
235.000 |
21.900 |
|
Total Non-Current
Assets |
13373.000 |
14404.900 |
12837.400 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
22.900 |
45.600 |
307.300 |
|
(b)
Inventories |
7464.400 |
7280.500 |
9524.300 |
|
(c) Trade
receivables |
15293.900 |
12890.400 |
21654.400 |
|
(d) Cash
and cash equivalents |
329.300 |
233.100 |
227.000 |
|
(e)
Short-term loans and advances |
1427.300 |
810.700 |
8219.500 |
|
(f) Other
current assets |
46265.400 |
43491.100 |
25623.300 |
|
Total
Current Assets |
70803.200 |
64751.400 |
65555.800 |
|
|
|
|
|
|
TOTAL |
84176.200 |
79156.300 |
78393.200 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
56075.100 |
59046.300 |
55815.800 |
|
|
|
|
Other Income |
890.500 |
981.400 |
530.200 |
|
|
|
|
TOTAL |
56965.600 |
60027.700 |
56346.000 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Construction Materials Consumed |
16366.500 |
19604.100 |
18133.400 |
|
|
|
|
Purchase of Stock-in-trade |
22.700 |
30.700 |
253.000 |
|
|
|
|
Changes in Inventories of Work-in-progress and Stock-in-Trade |
33.000 |
79.600 |
359.800 |
|
|
|
|
Employee Benefits Expenses |
5142.900 |
5111.400 |
4811.200 |
|
|
|
|
Other Expenses |
27623.300 |
27398.100 |
26638.400 |
|
|
|
|
TOTAL |
49188.400 |
52223.900 |
50195.800 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
7777.200 |
7803.800 |
6150.200 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES |
4453.900 |
4285.700 |
3843.300 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
3323.300 |
3518.100 |
2306.900 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
1977.500 |
2035.800 |
1368.000 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
1345.800 |
1482.300 |
938.900 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
143.100 |
421.200 |
314.600 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
1202.700 |
1061.100 |
624.300 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Contract
Turnover |
NA |
5482.900 |
5019.700 |
|
|
|
|
Proceeds
from sale of Fixed Assets, Tools etc. |
NA |
77.000 |
104.100 |
|
|
|
|
Sale of
Scrap, etc. |
NA |
5.700 |
10.500 |
|
|
|
|
Hire
Charges |
NA |
87.100 |
67.000 |
|
|
|
|
Guarantee
Charges |
NA |
49.100 |
38.100 |
|
|
|
|
Oil
Drilling Services |
NA |
597.200 |
278.500 |
|
|
|
|
Maintenance
and Labour Supply |
NA |
7.900 |
4.200 |
|
|
|
|
Service
Charges |
NA |
0.700 |
0.900 |
|
|
|
|
FOB value
of Exports of Traded Goods |
NA |
35.600 |
66.300 |
|
|
|
|
Share of
Profit from Joint Ventures |
NA |
118.500 |
120.800 |
|
|
|
TOTAL EARNINGS |
NA |
6461.700 |
5710.100 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Capital
Goods |
NA |
1103.800 |
324.100 |
|
|
|
|
Tools |
NA |
8.700 |
16.800 |
|
|
|
|
Components
and Spare Parts |
NA |
99.900 |
79.200 |
|
|
|
|
Construction
Materials |
NA |
129.300 |
54.600 |
|
|
|
TOTAL IMPORTS |
NA |
1341.700 |
474.700 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (INR) |
24.31 |
21.45 |
12.62 |
||
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
438.300 |
346.300 |
301.800 |
|
Cash generated from operations |
6565.500 |
4076.300 |
487.700 |
|
Net Cash inflow from Operating Activities |
6404.800 |
4078.600 |
686.000 |
QUARTERLY
RESULTS
|
Particulars |
30.06.2017 (Unaudited) |
30.09.2017 (Unaudited) |
31.12.2017 (Unaudited) |
|
|
1st
Quarter |
2nd Quarter |
3rd Quarter
|
|
Net sales |
15118.900 |
12460.400 |
13600.600 |
|
Total Expenditure |
13390.600 |
10764.800 |
11815.800 |
|
PBIDT (Excluding Other Income) |
1728.300 |
1695.600 |
1784.800 |
|
Other income |
246.800 |
294.300 |
217.300 |
|
Operating Profit |
1975.100 |
1989.900 |
2002.100 |
|
Interest |
1132.400 |
1175.700 |
1147.200 |
|
Exceptional Items |
NA |
NA |
NA |
|
PBDT |
842.700 |
814.200 |
854.900 |
|
Depreciation |
478.600 |
470.100 |
453.900 |
|
Profit Before Tax |
364.100 |
344.100 |
401.000 |
|
Tax |
76.800 |
66.400 |
90.100 |
|
Provisions and
contingencies |
NA |
NA |
NA |
|
Profit after tax |
287.300 |
277.700 |
310.900 |
|
Extraordinary Items |
NA |
NA |
NA |
|
Prior Period Expenses |
NA |
NA |
NA |
|
Other Adjustments |
NA |
NA |
NA |
|
Net Profit |
287.300 |
277.700 |
310.900 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
99.55 |
79.68 |
141.61 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.67 |
4.58 |
2.58 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
381.24 |
283.82 |
351.13 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.04 |
1.07 |
0.65 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.66 |
0.60 |
0.55 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.81 |
0.81 |
0.79 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.17 |
2.39 |
2.24 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
4.04 |
4.06 |
3.92 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.77 |
0.91 |
0.78 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.75 |
1.82 |
1.60 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
2.14 |
1.80 |
1.12 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.43 |
1.34 |
0.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
7.86 |
7.45 |
4.33 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.14 |
1.12 |
1.16 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.02 |
0.99 |
0.99 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.18 |
0.18 |
0.18 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
334.88 |
342.30 |
324.81 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.14 |
1.12 |
1.16 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
STOCK
PRICES
|
Face Value |
INR 2.00/- |
|
Market Value |
INR 578.00/- |
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
99.300 |
99.300 |
99.300 |
|
Reserves & Surplus |
14322.600 |
14151.000 |
15203.700 |
|
Net
worth |
14421.900 |
14250.300 |
15303.000 |
|
|
|
|
|
|
Long-Term Borrowings |
5273.700 |
6101.600 |
5804.300 |
|
Short Term Borrowings |
26677.800 |
27542.800 |
27011.300 |
|
Current Maturities of Long term debt |
301.800 |
346.300 |
438.300 |
|
Total
borrowings |
32253.300 |
33990.700 |
33253.900 |
|
Debt/Equity
ratio |
2.236 |
2.385 |
2.173 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
55815.800 |
59046.300 |
56075.100 |
|
|
|
5.788 |
(5.032) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
55815.800 |
59046.300 |
56075.100 |
|
Profit/(Loss) |
624.300 |
1061.100 |
1202.700 |
|
|
1.12% |
1.80% |
2.14% |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
99.300 |
99.300 |
|
(b) Reserves & Surplus |
|
15225.000 |
14000.300 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Non-controlling interests |
|
(30.000) |
78.900 |
|
Total
Shareholders’ Funds (1) + (2) |
|
15294.300 |
14178.500 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
5804.300 |
6101.600 |
|
(b) Deferred tax liabilities (Net) |
|
1064.100 |
798.100 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
121.400 |
104.300 |
|
Total Non-current
Liabilities (3) |
|
6989.800 |
7004.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
27011.300 |
27542.800 |
|
(b) Trade
payables |
|
17114.300 |
15242.900 |
|
(c) Other
current liabilities |
|
17765.500 |
15063.100 |
|
(d) Short-term
provisions |
|
50.600 |
42.500 |
|
Total Current
Liabilities (4) |
|
61941.700 |
57891.300 |
|
|
|
|
|
|
TOTAL |
|
84225.800 |
79073.800 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
11771.200 |
12868.600 |
|
(ii)
Intangible Assets |
|
19.700 |
14.100 |
|
(iii)
Capital work-in-progress |
|
114.800 |
123.200 |
|
(iv)
Intangible assets under development |
|
31.700 |
31.700 |
|
(b) Non-current Investments |
|
1095.400 |
1111.800 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current
assets |
|
263.700 |
286.100 |
|
Total Non-Current
Assets |
|
13296.500 |
14435.500 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
25.100 |
52.200 |
|
(b)
Inventories |