Supreme Infrastructure India Ltd.

Market Capital

₹66 Cr.

P/E

0.00

Share Price

₹ 26.0 0.35 (1.36%)

Supreme Infrastructure India Ltd.
Overview
Financials
Benchmarking
Shareholding

Supreme Infrastructure India Ltd.

Supreme Infrastructure India Ltd.
Overview
Financials
Benchmarking
Shareholding

Price
Growth Table
Balance Sheet
Profit & Loss
Cash Flow
Cash Flow Analysis
Ratios
Quarterly Results
Reverse DCF

Price

₹ 26.0 0.35 (1.36%)

CHART MODE

Price

CHART MODE

EV/EBITDA

Price to Sales

Price to Book

CHART MODE

Capex

CHART MODE

Debt

Growth Table

Supreme Infrastructure India Ltd.

(in %)	1yr	2yr	3yr	4yr	5yr	6yr	7yr	8yr	9yr	10yr
Share Price CAGR	5.77	17.59	45.66	17.96	1.68	-17.44	-17.02	-17.81	-23.66	-17.2
TTM EPS CAGR	—	—	—	—	—	—	—	—	—	—
Sales CAGR	-62.91	-36.52	-44.21	-41.13	-40.07	-33.5	-34.15	-32.84	-30.3	-27.1
PAT Margin (Abs Growth)	-86.43	-147.36	-264.79	-316.66	-335.01	-344.4	-348.57	-349.74	-350.26	-353.3
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PE CAGR	—	—	—	—	—	—	—	-100.0	-100.0	-100.0
CFO CAGR	-86.63	—	38.81	-15.92	—	—	-9.56	10.3	—	—

* Share price and PE growth are updated everyday. All other fields are as of latest financial year end. EPS adjusted for bonus and splits.

BALANCE SHEET

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(in Rs. Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Sep 2022
Assets	2,074	2,372	2,937	3,644	3,400	3,246	2,743	2,757	2,703	2,645
Non Current Assets	536	1,068	1,408	1,853	1,937	1,932	1,825	1,806	1,714	1,711
Net Block	304	288	282	260	231	209	188	170	120	105
Capital Work in Progress	3.12	0	14.94	6.69	6.69	6.69	6.69	6.69	0	—
Intangible Assets Under Development	—	—	—	—	—	—	—	—	—	—
Long Term Investments	223	294	709	1,278	1,648	1,711	1,627	1,626	1,592	742
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Current Assets	1,527	1,306	1,538	1,791	1,463	1,313	917	952	989	934
Inventory	171	87.00	85.46	84.58	77.75	46.79	35.87	35.19	36.32	37.25
Accounts Receivable	692	780	933	1,272	1,067	1,074	706	777	812	770
Short Term Investments	1.73	1.70	2.35	2.46	2.23	0.54	0.03	0.03	0.03	0.03
Cash & Bank Balances	130	103	71.20	35.44	36.16	13.43	17.17	3.20	3.18	0.91
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Liabilities	2,074	2,372	2,937	3,644	3,400	3,246	2,743	2,757	2,703	2,645
Shareholders Funds	477	635	772	847	644	146	-960.75	-1451.75	-2092.73	-3348.88
Share Capital	19.24	22.59	28.20	25.70	25.70	25.70	25.70	25.70	25.70	25.70
Reserves	458	603	744	821	618	120	-986.45	-1477.45	-2118.42	-3374.58
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Non Current Liabilities	247	161	941	1,264	979	839	464	25.15	27.54	26.20
Secured Loans	235	158	944	1,029	967	813	438	—	—	—
Unsecured Loans	—	—	—	—	—	18.07	20.06	20.06	24.71	25
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Current Liabilities	1,349	1,576	1,223	1,533	1,778	2,260	3,239	4,184	4,768	5,967
Accounts Payable	220	217	111	101	204	148	120	126	133	132
Short Term Loans	667	755	617	958	1,099	1,267	1,366	1,422	1,556	2,777
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(in Rs. Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Sep 2022
Assets	3,690	4,648	5,697	5,127	5,048	4,969	4,506	4,754	4,901	4,971
Non Current Assets	1,986	3,205	3,921	3,392	3,588	3,617	3,571	3,766	3,542	3,795
Net Block	1,094	2,852	1,240	1,015	958	1,314	1,216	1,126	908	874
Capital Work in Progress	796	0	2,269	1,532	1,826	1,759	2,052	2,366	2,563	—
Intangible Assets Under Development	793	—	2,254	1,525	1,819	1,752	2,046	2,359	2,563	2,892
Long Term Investments	86.37	86.13	98.35	204	227	48.91	42.36	33.57	28.00	22.42
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Current Assets	1,693	1,443	1,785	1,735	1,460	1,353	936	988	1,359	1,176
Inventory	230	123	130	84.58	77.75	46.79	35.87	35.19	36.32	37.25
Accounts Receivable	840	925	1,034	1,193	1,021	1,088	698	788	896	713
Short Term Investments	11.88	1.90	2.55	2.46	2.23	0.54	0.03	0.03	0.03	0.03
Cash & Bank Balances	199	137	111	45.11	48.57	18.26	27.14	11.52	7.23	8.98
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Liabilities	3,690	4,648	5,697	5,127	5,048	4,969	4,506	4,754	4,901	4,971
Shareholders Funds	605	748	848	555	215	-767.59	-2189.56	-3001.80	-3267.15	-4666.98
Share Capital	22.19	25.45	28.20	25.70	25.70	25.70	25.70	25.70	25.70	25.70
Reserves	583	714	820	529	189	-793.29	-2215.26	-3027.50	-3292.85	-4692.68
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Non Current Liabilities	1,439	2,020	3,153	2,914	2,758	2,788	2,157	2,122	1,585	1,573
Secured Loans	1,424	2,007	3,137	2,656	2,721	2,715	2,076	1,411	1,488	—
Unsecured Loans	—	—	2.85	—	—	16.28	20.06	645	45.91	1,514
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Current Liabilities	1,563	1,798	1,623	1,667	2,099	2,992	4,599	5,712	6,698	8,211
Accounts Payable	342	329	157	113	195	198	161	140	155	150
Short Term Loans	726	843	711	958	1,099	1,267	1,391	954	1,585	2,827
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(in Rs. Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Sep 2022
Assets	2,074	2,372	2,937	3,644	3,400	3,246	2,743	2,757	2,703	2,645
Non Current Assets	536	1,068	1,408	1,853	1,937	1,932	1,825	1,806	1,714	1,711
Gross Block	435	456	489	290	286	286	286	286	251	—
Less: Accumulated Depreciation	131	167	207	30.60	55.23	77.14	98.17	117	132	—
Less: Impairment of Assets	—	—	—	—	—	—	—	—	—	—
Net Block	304	288	282	260	231	209	188	170	120	105
Lease Adjustment A/c	—	—	—	—	—	—	—	—	—	—
Capital Work in Progress	3.12	0	14.94	6.69	6.69	6.69	6.69	6.69	0	—
Long Term Investments	223	294	709	1,278	1,648	1,711	1,627	1,626	1,592	742
Long Term Loans & Advances	15.28	484	389	303	48.77	4.19	3.29	3.39	3.11	—
Other Non Current Assets	1.98	0.16	4.82	6.25	3.06	1.11	0.22	—	—	—
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Current Assets	1,527	1,306	1,538	1,791	1,463	1,313	917	952	989	934
Inventory	171	87.00	85.46	84.58	77.75	46.79	35.87	35.19	36.32	37.25
Accounts Receivable	692	780	933	1,272	1,067	1,074	706	777	812	770
Short Term Investments	1.73	1.70	2.35	2.46	2.23	0.54	0.03	0.03	0.03	0.03
Cash & Bank Balances	130	103	71.20	35.44	36.16	13.43	17.17	3.20	3.18	0.91
Other Current Assets	—	99.65	159	15.35	145	132	143	133	137	126
Short Term Loans and Advances	533	234	287	381	134	46.92	15.04	3.01	0.92	0.02
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Liabilities	2,074	2,372	2,937	3,644	3,400	3,246	2,743	2,757	2,703	2,645
Shareholders Funds	477	635	772	847	644	146	-960.75	-1451.75	-2092.73	-3348.88
Share Capital	19.24	22.59	28.20	25.70	25.70	25.70	25.70	25.70	25.70	25.70
Share Warrants	—	9.25	—	—	—	—	—	—	—	—
Reserves	458	603	744	821	618	120	-986.45	-1477.45	-2118.42	-3374.58
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Non Current Liabilities	247	161	941	1,264	979	839	464	25.15	27.54	26.20
Secured Loans	235	158	944	1,029	967	813	438	—	—	—
Unsecured Loans	—	—	—	—	—	18.07	20.06	20.06	24.71	25
Deferred Tax Assets/Liabilities	10.44	-1.48	-8.54	—	—	—	—	—	—	—
Other Long Term Liabilities	—	—	—	22.64	6.84	5.57	4.47	3.48	1.92	—
Long Term Provisions	1.94	4.90	5.53	212	4.70	2.79	1.35	1.61	0.91	—
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Current Liabilities	1,349	1,576	1,223	1,533	1,778	2,260	3,239	4,184	4,768	5,967
Accounts Payable	220	217	111	101	204	148	120	126	133	132
Short Term Loans	667	755	617	958	1,099	1,267	1,366	1,422	1,556	2,777
Other Current Liabilities	450	446	358	471	475	816	1,724	2,604	3,049	—
Share Application Money	—	—	—	—	—	—	—	—	—	—
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Short Term Provisions	12.77	158	137	3.42	0.53	28.56	29.39	31.44	30.81	0.34
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(in Rs. Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Sep 2022
Assets	3,690	4,648	5,697	5,127	5,048	4,969	4,506	4,754	4,901	4,971
Non Current Assets	1,986	3,205	3,921	3,392	3,588	3,617	3,571	3,766	3,542	3,795
Gross Block	1,258	3,094	1,559	1,081	1,059	1,481	1,481	1,480	1,079	—
Less: Accumulated Depreciation	165	241	318	65.35	101	168	263	354	171	—
Less: Impairment of Assets	—	—	—	—	—	—	2.70	—	—	—
Net Block	1,094	2,852	1,240	1,015	958	1,314	1,216	1,126	908	874
Lease Adjustment A/c	—	—	—	—	—	—	—	—	—	—
Capital Work in Progress	796	0	2,269	1,532	1,826	1,759	2,052	2,366	2,563	—
Long Term Investments	86.37	86.13	98.35	204	227	48.91	42.36	33.57	28.00	22.42
Long Term Loans & Advances	19.09	266	304	635	575	494	259	242	43.18	—
Other Non Current Assets	1.98	0.16	0	6.25	3.06	1.11	1.14	-0.48	0.11	0.11
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Current Assets	1,693	1,443	1,785	1,735	1,460	1,353	936	988	1,359	1,176
Inventory	230	123	130	84.58	77.75	46.79	35.87	35.19	36.32	37.25
Accounts Receivable	840	925	1,034	1,193	1,021	1,088	698	788	896	713
Short Term Investments	11.88	1.90	2.55	2.46	2.23	0.54	0.03	0.03	0.03	0.03
Cash & Bank Balances	199	137	111	45.11	48.57	18.26	27.14	11.52	7.23	8.98
Other Current Assets	—	126	187	14.72	144	136	139	133	405	136
Short Term Loans and Advances	413	129	320	395	167	62.99	35.88	20.56	14.43	0.03
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Liabilities	3,690	4,648	5,697	5,127	5,048	4,969	4,506	4,754	4,901	4,971
Shareholders Funds	605	748	848	555	215	-767.59	-2189.56	-3001.80	-3267.15	-4666.98
Share Capital	22.19	25.45	28.20	25.70	25.70	25.70	25.70	25.70	25.70	25.70
Share Warrants	—	9.25	—	—	—	—	—	—	—	—
Reserves	583	714	820	529	189	-793.29	-2215.26	-3027.50	-3292.85	-4692.68
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Non Current Liabilities	1,439	2,020	3,153	2,914	2,758	2,788	2,157	2,122	1,585	1,573
Secured Loans	1,424	2,007	3,137	2,656	2,721	2,715	2,076	1,411	1,488	—
Unsecured Loans	—	—	2.85	—	—	16.28	20.06	645	45.91	1,514
Deferred Tax Assets/Liabilities	11.14	-0.52	-8.52	0.18	0.13	-0.02	-0.07	-0.12	-0.12	—
Other Long Term Liabilities	—	—	—	19.75	4.43	1.49	—	0.00	0.29	—
Long Term Provisions	4.23	13.52	21.39	239	32.44	55.90	60.29	66.64	50.84	—
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Current Liabilities	1,563	1,798	1,623	1,667	2,099	2,992	4,599	5,712	6,698	8,211
Accounts Payable	342	329	157	113	195	198	161	140	155	150
Short Term Loans	726	843	711	958	1,099	1,267	1,391	954	1,585	2,827
Other Current Liabilities	482	580	616	591	804	1,498	3,017	4,586	4,927	—
Share Application Money	—	—	—	—	—	—	—	—	—	—
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Short Term Provisions	13.10	46.60	138	4.80	0.68	28.92	29.85	31.49	30.81	0.34
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Balance Sheet Snapshot

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Total

*Data is as of latest FY end

Profit & Loss

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(in Rs. Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	TTM
Sales	1,987	2,171	1,517	1,210	1,050	904	556	221	243	80.00
Operating Expenses	1,678	1,859	1,266	1,016	909	791	530	218	271	96.50
Raw Material	596	777	452	320	337	221	119	45.21	41.59	22.88
Building Materials	596	777	452	320	337	221	119	45.21	41.59
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Employee Cost	53.67	73.91	55.97	40.88	29.89	26.21	14.24	9.79	5.52	3.82
Power & Fuel Cost	24.89	42.81	36.21	38.10	29.49	20.01	5.57	2.87	2.98	—
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Operating Profit	308	311	251	194	141	113	25.82	3.09	-27.40	-16.51
Other Income	4.06	6.06	10.59	50.66	73.67	76.25	24.09	11.03	15.07	13.83
Depreciation and Amortisation Expenses	33.59	36.51	37.30	30.60	24.72	21.91	21.03	18.54	15.15	8.97
Interest	119	135	191	252	281	361	438	481	611	881
Profit Before Tax	160	146	33.30	3.30	-218.63	-453.81	-1105.76	-490.93	-642.31	-892.47
Tax	50.13	55.78	16.06	8.54	-15.13	46.31	2.79	0	0	0
Net Profit	110	90.03	17.25	-5.24	-203.50	-500.12	-1108.55	-490.93	-642.31	-892.47
Number of shares(Crs)	1.67	2.01	2.57	2.57	2.57	2.57	2.57	2.57	2.57	—
Dividend Payout Ratio	3.05	3.35	0	0	0	0	0	0	0	—

*TTM Values as of Dec 2022

(in Rs. Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	TTM
Sales	2,333	2,571	1,814	1,290	1,161	1,006	677	321	263	78.10
Operating Expenses	1,968	2,121	1,453	1,050	969	859	580	267	293	88.11
Raw Material	706	872	556	321	337	221	119	45.21	41.59	69.51
Employee Cost	55.90	81.29	67.24	46.06	34.48	33.70	20.82	12.12	7.00	3.68
Power & Fuel Cost	25.32	44.66	40.33	38.81	29.86	20.89	6.44	3.72	3.17	—
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Operating Profit	364	450	361	239	192	147	97.49	53.68	-29.85	-10.02
Other Income	5.42	8.22	8.04	12.40	9.72	6.47	15.77	1.92	7.79	9.34
Depreciation and Amortisation Expenses	53.28	76.71	76.62	42.03	35.51	66.89	97.65	91.75	30.07	6.73
Interest	166	244	297	337	389	476	601	631	745	901
Profit Before Tax	151	137	-4.53	-126.89	-350.46	-765.71	-1338.89	-830.89	-910.33	-908.71
Tax	53.09	59.43	16.26	8.99	-15.02	46.42	2.85	0	0	0
Net Profit	100	79.17	-14.12	-149.88	-340.41	-954.13	-1423.21	-812.70	-873.62	-908.71
Number of shares(Crs)	1.67	2.01	2.57	2.57	2.57	2.57	2.57	2.57	2.57	—
Dividend Payout Ratio	3.34	3.81	0	0	0	0	0	0	0	—

*TTM Values as of Dec 2022

(in Rs. Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	TTM
Gross Sales	1,987	2,171	1,517	1,210	1,050	904	556	221	243	—
Less: Excise Duty	—	—	—	—	—	—	—	—	—	—
Net Sales	1,987	2,171	1,517	1,210	1,050	904	556	221	243	80.00
Operating Expenses	1,678	1,859	1,266	1,016	909	791	530	218	271	96.50
Raw Material	596	777	452	320	337	221	119	45.21	41.59	22.88
Building Materials	596	777	452	320	337	221	119	45.21	41.59
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Increase/Decrease in Stock	-7.02	—	—	—	—	—	—	—	—	0
Other Manufacturing Expenses	989	858	649	522	446	469	359	139	169	—
Employee Cost	53.67	73.91	55.97	40.88	29.89	26.21	14.24	9.79	5.52	3.82
Selling and Distribution Expenses	1.43	0.29	0.09	0.23	0.00	0.25	0.01	0.00	—	—
Power & Fuel Cost	24.89	42.81	36.21	38.10	29.49	20.01	5.57	2.87	2.98	—
General and Administration Expenses	8.24	64.14	53.87	62.64	50.88	41.14	26.86	5.48	7.20	—
Miscellaneous Expenses	12.76	43.47	19.11	31.56	15.59	14.40	5.17	15.67	43.75	—
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Operating Profit	308	311	251	194	141	113	25.82	3.09	-27.40	-16.51
Other Income	4.06	6.06	10.59	50.66	73.67	76.25	24.09	11.03	15.07	13.83
Interest	119	135	191	252	281	361	438	481	611	881
PBDT	193	182	70.61	-7.11	-65.65	-172.41	-388.24	-467.37	-623.13	-883.50
Depreciation and Amortization	33.59	36.51	37.30	30.60	24.72	21.91	21.03	18.54	15.15	8.97
Profit Before Taxation & Exceptional Items	160	146	33.30	-37.71	-90.36	-194.32	-409.27	-485.91	-638.29	—
Exceptional Income / Expenses	—	—	—	41.01	-128.27	-259.49	-696.49	-5.03	-4.03	—
Profit Before Tax	160	146	33.30	3.30	-218.63	-453.81	-1105.76	-490.93	-642.31	-892.47
Provision for Taxs	50.13	55.78	16.06	8.54	-15.13	46.31	2.79	—	—	0
Current Income Tax	48	67.70	18.25	—	-15.13	46.31	2.79	—	—	—
Deferred Tax	-0.31	-11.92	-6.26	—	—	—	—	—	—	—
Other taxes	0	0	0	0	0	0	0	0	0	—
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Profit After Tax	110	90.03	17.25	-5.24	-203.50	-500.12	-1108.55	-490.93	-642.31	-892.47
Extra items	—	—	—	—	—	—	—	0	0	0
Minority Interest	—	—	—	—	—	—	—	—	—	—
Share of Associate	—	—	—	—	—	—	—	—	—	—
Net Profit	110	90.03	17.25	-5.24	-203.50	-500.12	-1108.55	-490.93	-642.31	-892.47
Number of shares(Crs)	1.67	2.01	2.57	2.57	2.57	2.57	2.57	2.57	2.57	—
Dividend Payout Ratio	3.05	3.35	0	0	0	0	0	0	0	—

*TTM Values as of Dec 2022

(in Rs. Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	TTM
Gross Sales	2,333	2,571	1,814	1,290	1,161	1,006	677	321	263	—
Less: Excise Duty	—	—	—	—	—	—	—	—	—	—
Net Sales	2,333	2,571	1,814	1,290	1,161	1,006	677	321	263	78.10
Operating Expenses	1,968	2,121	1,453	1,050	969	859	580	267	293	88.11
Increase/Decrease in Stock	-12.57	—	—	—	—	—	—	—	—	0
Raw Material	706	872	556	321	337	221	119	45.21	41.59	69.51
Other Manufacturing Expenses	1,154	993	697	545	492	502	392	179	182	—
Employee Cost	55.90	81.29	67.24	46.06	34.48	33.70	20.82	12.12	7.00	3.68
Selling and Distribution Expenses	1.43	0.69	0.20	0.23	0.00	0.25	0.01	0.00	—	—
Power & Fuel Cost	25.32	44.66	40.33	38.81	29.86	20.89	6.44	3.72	3.17	—
General and Administration Expenses	24.96	70.51	61.34	65.57	54.07	64.75	33.45	16.44	13.42	—
Miscellaneous Expenses	12.76	58.67	31.01	34.42	21.14	15.98	6.99	10.11	46.00	—
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Operating Profit	364	450	361	239	192	147	97.49	53.68	-29.85	-10.02
Other Income	5.42	8.22	8.04	12.40	9.72	6.47	15.77	1.92	7.79	9.34
Interest	166	244	297	337	389	476	601	631	745	901
PBDT	204	214	72.09	-84.86	-186.69	-322.84	-488.19	-575.63	-767.26	-901.97
Depreciation and Amortization	53.28	76.71	76.62	42.03	35.51	66.89	97.65	91.75	30.07	6.73
Profit Before Taxation & Exceptional Items	151	137	-4.53	-126.89	-222.19	-389.74	-585.84	-667.38	-797.33	—
Exceptional Income / Expenses	—	—	—	—	-128.27	-375.98	-753.04	-71.48	-113.00	—
Profit Before Tax	151	137	-4.53	-126.89	-350.46	-765.71	-1338.89	-830.89	-910.33	-908.71
Provision for Taxs	53.09	59.43	16.26	8.99	-15.02	46.42	2.85	—	—	0
Current Income Tax	50.49	71.10	19.39	0.15	-14.98	46.57	2.90	—	—	—
Deferred Tax	0.16	-11.67	-7.20	—	-0.05	-0.15	-0.05	—	—	—
Other taxes	0	0	0	0	0	0	0	0	0	—
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Profit After Tax	97.79	77.59	-20.79	-135.88	-335.44	-812.13	-1341.74	-830.89	-910.33	-908.71
Extra items	—	—	—	—	—	—	—	0	0	0
Minority Interest	2.38	1.57	8.28	10.45	14.87	20.34	16.63	18.19	36.71	—
Share of Associate	-0.01	—	-1.62	-24.45	-19.84	-162.34	-98.10	-92.04	—	—
Net Profit	100	79.17	-14.12	-149.88	-340.41	-954.13	-1423.21	-812.70	-873.62	-908.71
Number of shares(Crs)	1.67	2.01	2.57	2.57	2.57	2.57	2.57	2.57	2.57	—
Dividend Payout Ratio	3.34	3.81	0	0	0	0	0	0	0	—

*TTM Values as of Dec 2022

CASH FLOW

Standalone
Consolidated

(in Rs. Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Sep 2022
Cash from Operating Activity	85.36	21.53	-574.90	-265.96	41.70	-83.73	-85.25	-71.49	-15.26	-9.66
Profit Before Tax	160	146	33.30	3.30	-218.63	-453.81	-1105.76	-490.93	-641.51	-676.98
Adjustments	143	182	228	207	303	510	1,002	488	667	686
OCF Before Working Capital	303	328	261	210	84.33	56.48	-103.53	-2.66	25.55	8.72
Working Capital Changes	-162.40	-271.40	-807.69	-459.01	-38.97	-138.06	20.31	-66.57	-38.73	-16.30
Taxes Paid	-55.43	-35.15	-28.17	-16.87	-3.67	-2.14	-2.03	-2.26	-2.09	-2.09
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Cash from Investing Activity	-187.91	-77.54	-14.21	28.77	7.15	23.79	-2.53	14.81	41.75	45.79
Net Fixed Assets Purchased	-51.92	-12.01	-45.43	-0.49	4.32	1.78	0.52	0	41.75	0
Fixed Assets Purchased	-51.92	-12.01	-45.43	-0.49	-0.58	-0.11	—	—	—	—
Fixed Assets Sold	—	—	—	—	4.90	1.89	0.52	—	41.75	—
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Investment Purchased	-47.93	-0.53	-1.24	-1.00	-3.91	—	-3.62	—	—	—
Investment Sold	3.71	0.90	0.84	27.29	0.40	20.61	—	15.81	—	—
Interest Recieved	3.71	5.07	5.09	2.96	6.33	1.40	0.56	-1.00	—	—
Dividends Recieved	0.00	-0.17	—	0.00	-0.01	0.00	0.00	—	—	—
Subsidiary Investments	-95.49	-71.00	—	—	—	—	—	—	—	—
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Cash from Financing Activity	116	34.37	583	236	-53.80	57.82	87.10	58.39	-26.34	-33.78
Proceeds From Shares	—	61.98	122	—	—	—	—	—	—	—
Net Long Term Borrowings	230	0	0	367	-105.99	-14.02	-11.23	0.00	-35.50	0.43
Proceeds From Borrowings	253	—	—	398	0.90	—	—	0.00	—	0.43
Repayment From Borrowings	-23.14	—	—	-30.67	-106.89	-14.02	-11.23	—	-35.50	—
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Interest Paid	-110.88	-120.38	-99.79	-131.61	-88.79	-44.79	—	1.84	-0.82	0.15
Dividend Paid	-2.47	-3.95	-3.01	-0.03	-0.01	—	—	—	—	—
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Net Cash Flow	13.87	-21.64	-5.69	-1.63	-4.96	-2.12	-0.68	1.71	0.14	2.36
Opening Cash & Cash Equivalents	24.16	38.04	16.40	10.72	9.08	4.13	2.01	1.32	3.03	—
Effect of FX	—	—	—	—	—	—	—	—	—	—
Closing Cash & Cash Equivalents	38.04	16.40	10.72	9.08	4.13	2.01	1.32	3.03	3.17	—
Net Capex (est)	51.92	12.01	45.43	0.49	-4.32	-1.78	-0.52	0	-41.75	0
Free Cash Flow (est)	33.44	9.52	-620.33	-266.45	46.02	-81.95	-84.73	-71.49	26.48	-9.66

(in Rs. Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Sep 2022
Cash from Operating Activity	92.67	410	-158.08	-20.87	406	75.90	-139.58	1,519	203	182
Profit Before Tax	151	137	-4.53	-151.34	-350.46	-765.71	-1338.89	-830.89	-334.09	-370.70
Adjustments	219	349	383	411	552	947	1,592	1,030	721	697
OCF Before Working Capital	370	486	378	260	202	181	254	200	387	326
Working Capital Changes	-218.06	-37.36	-504.15	-248.55	209	-102.86	-390.58	1,320	-184.28	-144.71
Taxes Paid	-59.17	-38.10	-32.35	-32.21	-5.05	-2.20	-2.60	-1.04	—	0
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Cash from Investing Activity	-840.37	-1089.73	-811.18	-335.94	-494.62	-323.78	-0.69	-270.02	20.92	—
Net Fixed Assets Purchased	-725.08	-1106.80	-831.48	-152.66	-457.30	-355.37	-0.14	-1.11	20.71	0
Fixed Assets Purchased	-725.08	-1106.80	-831.48	-152.66	-480.28	-355.37	-0.14	-1.11	-21.04	—
Fixed Assets Sold	—	—	—	—	22.98	—	—	—	41.75	—
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Investment Purchased	-124.05	-4.00	-7.46	-230.24	-46.42	—	-1.63	-286.22	—	—
Investment Sold	3.71	10.90	0.84	41.40	0.40	24.78	0.52	15.58	—	—
Interest Recieved	5.05	6.76	6.14	5.57	8.69	6.81	0.56	1.73	0.21	—
Dividends Recieved	-0.01	-0.23	-0.01	0.00	-0.01	0.00	0.00	—	—	—
Subsidiary Investments	—	—	—	—	—	—	—	—	—	—
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Cash from Financing Activity	789	626	964	331	105	241	145	-1248.71	-220.85	-193.07
Proceeds From Shares	103	61.88	122	—	—	—	—	—	—	—
Net Long Term Borrowings	745	0	0	141	105	139	133	-812.95	0	0
Proceeds From Borrowings	854	—	—	184	237	154	154	—	—	—
Repayment From Borrowings	-109.73	—	—	-43.17	-131.89	-15.10	-21.11	-812.95	—	—
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Interest Paid	-165.69	-213.80	-321.93	-149.81	-141.13	-85.50	-112.44	1.17	—	—
Dividend Paid	-2.39	-3.94	-3.01	-0.02	-0.01	—	—	—	—	—
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Net Cash Flow	41.28	-53.45	-5.51	-25.58	16.38	-7.18	4.42	0.08	3.08	9.71
Opening Cash & Cash Equivalents	41.01	82.29	28.84	23.18	-2.40	13.98	6.80	11.22	11.30	—
Effect of FX	—	—	—	—	—	—	—	—	—	—
Closing Cash & Cash Equivalents	82.29	28.84	23.33	-2.40	13.98	6.80	11.22	11.30	14.38	—
Net Capex (est)	725	1,107	831	153	457	355	0.14	1.11	-20.71	0
Free Cash Flow (est)	-632.42	-696.70	-989.56	-173.53	-51.18	-279.47	-139.73	1,518	224	182

Cash Flow Analysis

+ Add a Comparison

Increase
Decrease
Total

Ratios

Standalone
Consolidated

= Dominant Factor

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021
Operational Ratios
Quick Ratio	0.95	1.02	0.78	1.19	1.11	0.78	0.56	0.27	0.22	0.20
Liquid Assets (Crs)	993	1,376	1,224	1,452	1,706	1,386	1,267	882	916	953
Current Liabilities (Crs)	1,041	1,349	1,576	1,223	1,533	1,778	2,260	3,239	4,184	4,768
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Current Ratio	1.07	1.13	0.83	1.26	1.17	0.82	0.58	0.28	0.23	0.21
Current Assets (Crs)	1,114	1,527	1,306	1,538	1,791	1,463	1,313	917	952	989
Current Liabilities (Crs)	1,041	1,349	1,576	1,223	1,533	1,778	2,260	3,239	4,184	4,768
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Interest Coverage Ratio	2.38	2.34	2.08	1.17	1.01	0.22	-0.26	-1.52	-0.02	-0.05
EBIT (Crs)	218	279	281	224	214	190	167	28.88	-4.42	-27.49
Interest Expenses (Crs)	91.54	119	135	191	252	281	361	438	481	611
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Fixed Asset Turnover	3.97	4.57	4.76	3.10	4.17	3.67	3.16	1.94	0.77	0.97
Net Sales (Crs)	1,506	1,987	2,171	1,517	1,210	1,050	904	556	221	243
Fixed Assets (Crs)	379	435	456	489	290	286	286	286	286	251
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Cash Conversion Cycle	84.37	95.36	101	178	318	371	373	517	289	110
Inventory Days	31.31	28.66	21.66	20.75	25.65	28.21	25.14	27.15	58.75	53.69
Days Receivable	94.40	109	124	206	333	407	432	585	1,226	1,193
Days Payable	41.34	42.45	44.49	48.67	40.54	64.08	84.66	94.46	996	1,137
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Debt to Equity Ratio	2.02	2.05	1.68	2.21	2.52	3.43	16.26	-2.56	-1.73	-1.32
Total Debt (Crs)	749	979	1,066	1,710	2,138	2,211	2,375	2,462	2,518	2,765
Shareholders Equity (Crs)	371	477	635	772	847	644	146	-960.75	-1451.75	-2092.73
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Free Cash Flow/Sales (%)	1.97	1.68	0.44	-40.89	-22.03	4.38	-9.07	-15.25	-32.38	10.89
Free Cash Flow(est) (Crs)	29.65	33.44	9.52	-620.33	-266.45	46.02	-81.95	-84.73	-71.49	26.48
Net Sales (Crs)	1,506	1,987	2,171	1,517	1,210	1,050	904	556	221	243
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Profitability Ratios
Op Profit Margin (%)	16.35	15.73	14.62	17.24	20.21	20.48	20.90	8.98	6.39	-5.07
Operating Profit (Crs)	246	313	317	262	244	215	189	49.91	14.12	-12.34
Net Sales (Crs)	1,506	1,987	2,171	1,517	1,210	1,050	904	556	221	243
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Net Profit Margin (%)	6.10	5.52	4.15	1.14	-0.43	-19.38	-55.32	-199.51	-222.38	-264.19
Net Profit (Crs)	91.80	110	90.03	17.25	-5.24	-203.50	-500.12	-1108.55	-490.93	-642.31
Net Sales (Crs)	1,506	1,987	2,171	1,517	1,210	1,050	904	556	221	243
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ROCE (%)	33.65	38.51	35.29	13.09	10.13	11.73	16.95	-5.82	0.31	1.33
EBIT (Crs)	218	279	281	224	214	190	167	28.88	-4.42	-27.49
Capital Employed (Crs)	648	724	796	1,714	2,111	1,623	985	-496.43	-1426.60	-2065.19
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Return on Assets (%)	5.43	5.29	3.80	0.59	-0.14	-5.98	-15.41	-40.42	-17.80	-23.76
Net Profit (Crs)	91.80	110	90.03	17.25	-5.24	-203.50	-500.12	-1108.55	-490.93	-642.31
Total Assets (Crs)	1,689	2,074	2,372	2,937	3,644	3,400	3,246	2,743	2,757	2,703
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ROIC (%)	52.54	52.92	-198.69	20.32	-52.41	-98.82	-13.46	-0.22	0.51	1.16
Op Profit after Taxes (Crs)	156	189	170	111	-259.33	109	100	4.80	-15.45	-42.56
Invested Capital (Crs)	297	356	-85.38	545	495	-109.87	-743.30	-2143.59	-3059.22	-3662.98
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ROE (%)	24.73	22.99	14.19	2.23	-0.62	-31.61	-342.49	115	33.82	30.69
Net Profit Margin (%)	6.10	5.52	4.15	1.14	-0.43	-19.38	-55.32	-199.51	-222.38	-264.19
Asset Turnover ratio	0.89	0.96	0.92	0.52	0.33	0.31	0.28	0.20	0.08	0.09
Equity Multiplier	4.55	4.35	3.74	3.80	4.30	5.28	22.23	-2.85	-1.90	-1.29
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Adjusted EPS	54.81	65.47	44.79	6.70	-2.04	-79.19	-194.61	-431.37	-191.04	-249.94
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Valuation Ratios
P/E	5.38	3.06	5.01	29.25	0	0	0	0	0	0
Price to Book	1.34	0.71	0.72	0.65	0.30	0.35	0.92	-0.06	-0.02	-0.02
EV/EBITDA	4.78	3.80	4.46	8.20	9.62	11.16	13.21	50.15	180	-226.87
Dividend Yield (%)	0.42	1.00	0.67	0	0	0	0	0	0	0
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	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021
Operational Ratios
Quick Ratio	1.03	0.95	0.74	1.02	1.00	0.66	0.44	0.20	0.17	0.20
Liquid Assets (Crs)	1,090	1,483	1,325	1,655	1,670	1,383	1,306	900	953	1,323
Current Liabilities (Crs)	1,058	1,563	1,798	1,623	1,667	2,099	2,992	4,599	5,712	6,698
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Current Ratio	1.19	1.08	0.80	1.10	1.04	0.70	0.45	0.20	0.17	0.20
Current Assets (Crs)	1,263	1,693	1,443	1,785	1,735	1,460	1,353	936	988	1,359
Current Liabilities (Crs)	1,058	1,563	1,798	1,623	1,667	2,099	2,992	4,599	5,712	6,698
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Interest Coverage Ratio	1.96	1.91	1.56	0.98	0.62	0.10	-0.61	-1.23	-0.32	-0.22
EBIT (Crs)	242	317	381	292	210	166	86.55	15.61	-36.15	-52.13
Interest Expenses (Crs)	124	166	244	297	337	389	476	601	631	745
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Fixed Asset Turnover	2.67	1.85	0.83	1.16	1.19	1.10	0.68	0.46	0.22	0.24
Net Sales (Crs)	1,727	2,333	2,571	1,814	1,290	1,161	1,006	677	321	263
Fixed Assets (Crs)	646	1,258	3,094	1,559	1,081	1,059	1,481	1,481	1,480	1,079
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Cash Conversion Cycle	83.52	97.27	91.36	161	296	313	321	401	-330.20	-80.48
Inventory Days	33.15	33.40	25.11	25.53	30.41	25.52	22.60	22.28	40.45	49.54
Days Receivable	93.02	113	125	197	315	348	383	481	845	1,166
Days Payable	42.64	48.81	59.04	61.54	49.43	60.44	84.75	103	1,216	1,296
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Debt to Equity Ratio	4.45	3.83	4.13	4.94	6.89	19.08	-5.80	-2.15	-1.52	-1.58
Total Debt (Crs)	1,573	2,317	3,090	4,187	3,822	4,098	4,454	4,711	4,558	5,152
Shareholders Equity (Crs)	354	605	748	848	555	215	-767.59	-2189.56	-3001.80	-3267.15
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Free Cash Flow/Sales (%)	-45.79	-27.11	-27.10	-54.55	-13.46	-4.41	-27.79	-20.64	473	84.92
Free Cash Flow(est) (Crs)	-790.79	-632.42	-696.70	-989.56	-173.53	-51.18	-279.47	-139.73	1,518	224
Net Sales (Crs)	1,727	2,333	2,571	1,814	1,290	1,161	1,006	677	321	263
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Profitability Ratios
Op Profit Margin (%)	16.12	15.85	17.82	20.33	19.52	17.39	15.26	16.73	17.34	-8.37
Operating Profit (Crs)	278	370	458	369	252	202	153	113	55.60	-22.06
Net Sales (Crs)	1,727	2,333	2,571	1,814	1,290	1,161	1,006	677	321	263
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Net Profit Margin (%)	4.58	4.29	3.08	-0.78	-11.62	-29.32	-94.87	-210.22	-253.45	-331.61
Net Profit (Crs)	79.13	100	79.17	-14.12	-149.88	-340.41	-954.13	-1423.21	-812.70	-873.62
Net Sales (Crs)	1,727	2,333	2,571	1,814	1,290	1,161	1,006	677	321	263
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ROCE (%)	17.68	14.88	13.38	7.17	6.06	5.64	4.38	-16.80	3.77	2.90
EBIT (Crs)	242	317	381	292	210	166	86.55	15.61	-36.15	-52.13
Capital Employed (Crs)	1,371	2,127	2,850	4,074	3,461	2,949	1,977	-92.93	-957.90	-1797.19
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Return on Assets (%)	3.26	2.71	1.70	-0.25	-2.92	-6.74	-19.20	-31.58	-17.09	-17.83
Net Profit (Crs)	79.13	100	79.17	-14.12	-149.88	-340.41	-954.13	-1423.21	-812.70	-873.62
Total Assets (Crs)	2,429	3,690	4,648	5,697	5,127	5,048	4,969	4,506	4,754	4,901
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ROIC (%)	13.40	11.06	8.95	36.59	8.20	7.14	6.00	0.04	3.06	3.20
Op Profit after Taxes (Crs)	164	202	211	1,303	211	150	84.93	-0.16	-38.07	-59.93
Invested Capital (Crs)	1,224	1,823	2,360	3,561	2,577	2,100	1,416	-421.14	-1244.59	-1875.60
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ROE (%)	22.37	16.56	10.58	-1.67	-27.01	-158.52	124	65.00	27.07	26.74
Net Profit Margin (%)	4.58	4.29	3.08	-0.78	-11.62	-29.32	-94.87	-210.22	-253.45	-331.61
Asset Turnover ratio	0.71	0.63	0.55	0.32	0.25	0.23	0.20	0.15	0.07	0.05
Equity Multiplier	6.87	6.10	6.21	6.72	9.24	23.51	-6.47	-2.06	-1.58	-1.50
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Adjusted EPS	47.25	59.81	39.39	-5.51	-58.32	-132.46	-371.28	-553.81	-316.25	-339.95
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Valuation Ratios
P/E	6.24	3.34	5.69	0	0	0	0	0	0	0
Price to Book	1.40	0.56	0.61	0.60	0.45	1.04	-0.18	-0.03	-0.01	-0.01
EV/EBITDA	7.00	6.65	7.44	12.42	16.00	21.17	29.79	41.87	82.30	-234.86
Dividend Yield (%)	0.42	1.00	0.67	0	0	0	0	0	0	0
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Quarterly Results

Standalone
Consolidated

(in Rs. Cr.)	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Net Sales	78.21	54.96	60.57	39.03	30.72	30.11	23.00	21.73	19.05	16.22
Operating Expenses	71.33	51.34	101	37.01	28.49	30.72	31.13	21.84	21.92	21.61
Increase/Decrease in Stock	0	0	0	0	0	0	0	0	0	0
Raw Material	6.08	8.49	19.71	2.94	9.43	11.26	6.56	5.17	6.06	5.09
Employee Cost	1.31	1.23	1.63	1.10	0.93	0.87	0.62	1.03	1.05	1.12
Selling and Distribution Expenses	0	0	0	0	0	0	0	0	0	0
Electricity, Power & Fuel Cost	0	0	0	0	0	0	0	0	0	0
Gen_AdminExpenses	0	0	0	0	0	0	0	0	0	0
Miscellaneous Expenses	0	0	0	0	0	0	0	0	0	0
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Operating Profit	6.88	3.62	-39.98	2.02	2.23	-0.60	-8.13	-0.11	-2.87	-5.39
Other Income	2.39	9.11	1.18	2.49	2.36	2.42	2.38	2.65	6.83	1.97
Interest	121	190	169	166	199	194	206	214	225	235
PBDT	-112.48	-177.38	-210.36	-186.21	-209.93	-202.14	-212.07	-211.29	-221.28	-238.85
Depreciation and Amortization	4.64	4.64	1.25	2.62	2.61	2.62	2.62	2.12	2.13	2.11
Profit Before Tax	-117.11	-182.02	-211.61	-188.82	-212.54	-204.75	-214.68	-213.41	-223.42	-240.96
Tax	0	0	0	0	0	0	0	0	0	0
Profit After Tax	-117.11	-182.02	-211.61	-188.82	-212.54	-204.75	-214.68	-213.41	-223.42	-240.96
Extra items	0	0	0	0	0	0	0	0	0	0
Net Profit	-117.11	-182.02	-211.61	-188.82	-212.54	-204.75	-214.68	-213.41	-223.42	-240.96
Quarterly Ratios
EPS	-45.57	-70.83	-82.35	-73.48	-82.71	-79.68	-83.54	-83.05	-86.94	-93.77
Operating Profit Margin	8.80	6.59	-66	5.17	7.25	-2	-35.36	-0.52	-15.08	-33.21
Net Profit Margin	-149.74	-331.17	-349.36	-483.84	-691.95	-679.94	-933.49	-982.28	-1172.92	-1485.20
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(in Rs. Cr.)	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Net Sales	78.18	56.80	95.94	42.39	32.75	39.46	9.04	21.83	24.36	22.88
Operating Expenses	69.91	121	78.90	39.52	30.89	44.21	14.05	22.52	25.30	26.23
Increase/Decrease in Stock	0	0	0	0	0	0	0	0	0	0
Raw Material	63.33	117	7.37	32.82	24.93	27.00	20.72	18.10	16.07	14.62
Employee Cost	1.40	1.12	2.79	1.40	1.23	1.35	-0.46	1.03	1.52	1.59
Selling and Distribution Expenses	0	0	0	0	0	0	0	0	0	0
Electricity, Power & Fuel Cost	0	0	0	0	0	0	0	0	0	0
Gen_AdminExpenses	0	0	0	0	0	0	0	0	0	0
Miscellaneous Expenses	0	0	0	0	0	0	0	0	0	0
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Operating Profit	8.27	-64.54	17.03	2.87	1.86	-4.75	-5.02	-0.70	-0.95	-3.35
Other Income	9.42	10.29	0	2.50	0.75	-0.42	-2.11	0.17	9.31	1.97
Interest	120	193	267	196	233	191	145	214	261	281
PBDT	-103.05	-247.69	-360.98	-215.64	-245.98	-205.84	-152.37	-214.35	-253.10	-282.15
Depreciation and Amortization	4.64	4.64	12.23	6.42	6.32	6.32	-8.49	2.14	4.58	8.50
Profit Before Tax	-107.69	-252.32	-373.21	-222.05	-252.30	-212.15	-143.87	-216.50	-257.69	-290.65
Tax	0	0	0.40	0	0	0	0	0	0	0
Profit After Tax	-107.69	-252.32	-373.61	-222.05	-252.30	-212.15	-143.87	-216.50	-257.69	-290.65
Extra items	0	0	0	0	0	0	0	0	0	0
Net Profit	-107.69	-252.32	-373.61	-222.05	-252.30	-212.15	-143.87	-216.50	-257.69	-290.65
Quarterly Ratios
EPS	-42.19	-104.09	-127.05	-83.19	-95.03	-76.50	-68.24	-84.09	-96.99	-107.09
Operating Profit Margin	10.58	-113.64	17.75	6.76	5.67	-12.03	-55.52	-3.19	-3.89	-14.66
Net Profit Margin	-137.74	-444.25	-389.44	-523.86	-770.38	-537.64	-1592.03	-991.96	-1057.99	-1270.50
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Reverse DCF

Earnings

(Cr)

Discount Rate (%)

5 YEAR

Terminal Multiple

Implied Growth Rate over a 5 year period*

10 YEAR

Terminal Multiple

Implied Growth Rate over a 10 year period*

20 YEAR

Terminal Multiple

Implied Growth Rate over a 20 year period*

*Implied Growth calculated using Newton-Rhapson method.

Learn how to use Reverse DCF

Data feed provided by Accord Fintech