Fa Essar Oil

8/4/2019 Fa Essar Oil

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Mar '07 Mar '08 Mar '09 Mar '10 Mar '11Sources Of FundsTotal Share Capital 1,156 1,190 1,218 1,218 1,382Equity Share Capital 1,156 1,190 1,218 1,218 1,382Share Application Money 0 152 91 1,153 0

Preference Share Capital 0 0 0 0 0Reserves 1,839 2,259 2,273 2,302 5,156Revaluation Reserves 0 0 0 0 0Networth 2,995 3,601 3,582 4,674 6,538Secured Loans 7,739 9,134 9,419 9,471 12,274Unsecured Loans 832 882 613 883 2,273Total Debt 8,571 10,016 10,032 10,354 14,547Total Liabilities 11,567 13,616 13,614 15,027 21,085Application Of FundsGross Block 304 552 13,365 13,803 13,975Less: Accum. Depreciation 108 122 759 1,493 2,231Net Block 196 430 12,606 12,309 11,744Capital Work in Progress 10,634 13,290 1,914 4,319 8,423Investments 109 103 103 203 103Inventories 3,418 4,891 2,251 3,969 5,749Sundry Debtors 177 803 1,165 2,033 2,367Cash and Bank Balance 115 143 155 117 2,959Total Current Assets 3,709 5,837 3,572 6,120 11,075Loans and Advances 399 856 2,865 1,788 1,236Fixed Deposits 528 860 1,019 1,234 0Total CA, Loans & Advances 4,637 7,553 7,456 9,141 12,311

Deffered Credit 0 0 0 0 0Current Liabilities 4,003 7,747 8,440 10,922 11,299Provisions 7 13 25 23 197Total CL & Provisions 4,010 7,760 8,465 10,945 11,496Net Current Assets 627 -207 -1,009 -1,804 815Miscellaneous Expenses 0 0 0 0 0Total Assets 11,567 13,616 13,614 15,027 21,085Contingent Liabilities 3,843 6,185 6,430 22,092 2,888Book Value (Rs) 26 29 29 29 48

Balance Sheet of Essar Oil


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Mar '07 Mar '08 Mar '09 Mar '10IncomeSales Turnover 474 562 41856 42402Excise Duty 0 0 3750 5086Net Sales 474 562 38106 37315

Other Income 10 14 -1117 872Stock Adjustments 97 317 -992 311Total Income 581 894 35997 38498ExpenditureRaw Materials 563 912 33266 34634Power & Fuel Cost 0 0 159 202Employee Cost 12 2 97 98Other Manufacturing Expenses 0 0 183 174Selling and Admin Expenses 32 10 1090 1345Miscellaneous Expenses 14 6 0 107Preoperative Exp Capitalised 0 0 0 0Total Expenses 621 929 34795 36560Operating Profit -50 -50 2320 1066PBDIT -39 -35 1203 1938Interest 11 6 1091 1181PBDT -50 -42 111 757Depreciation 5 3 655 728Other Written Off 0 0 0 0Profit Before Tax -55 -44 -544 29Extra-ordinary items 0 0 0 1PBT (Post Extra-ord Items) -55 -44 -544 29

Tax 13 -3 -30 0Reported Net Profit -67 -41 -514 29Total Value Addition 58 18 1529 1927Preference Dividend 0 0 0 0Equity Dividend 0 0 0 0Corporate Dividend Tax 0 0 0 0Per share data (annualised)Shares in issue (lakhs) 11395 11738 12015 12015Earning Per Share (Rs) -1 0 -4 0Equity Dividend (%) 0 0 0 0Book Value (Rs) 26 29 29 29

Profit & Loss account of Essar Oil


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Mar '11Liquidty Ratio

531195227 CA / CL Mar '11 Mar '10 Mar '09 Mar '08 Mar '07

47892 CA

354 inv 5,749 3,969 2,251 4,891 3,4181158 debt 2,367 2,033 1,165 803 177

49404 cash/bnk 2,959 117 155 143 115A 11,075 6,120 3,572 5,837 3,709

44137 CL505 CL 11,299 10,922 8,440 7,747 4,003120 Prvisions 197 23 25 13 7174 B 11,496 10,945 8,465 7,760 4,010

0 A/B 0.96 0.56 0.42 0.75 0.931689

046625 QA / QL Mar '11 Mar '10 Mar '09 Mar '08 Mar '07

2425 QA2779 debt 2,367 2,033 1,165 803 1771220 cash/bnk 2,959 117 155 143 1151559 A 5,326 2,150 1,321 946 291

731 QL0 CL 11,299 10,922 8,440 7,747 4,003

828 Prvisions 197 23 25 13 70 B 11,496 10,945 8,465 7,760 4,010

828 A/B 0.46 0.20 0.16 0.12 0.07

175654

2487 Cash / CL Mar '11 Mar '10 Mar '09 Mar '08 Mar '070 cash/bnk (A) 2,959 117 155 143 11500 CL 11,299 10,922 8,440 7,747 4,003

Prvisions 197 23 25 13 713657 B 11,496 10,945 8,465 7,760 4,010

5 A/B 0.26 0.01 0.02 0.02 0.030

48


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Profibality Ratio

GP Ratio Mar '11 Mar '10 Mar '09 Mar '08Net Sales (A) 47892 37315 38106 562

COGSRaw Materials 44137 34634 33266 912Power & Fuel Cost 505 202 159 0Employee Cost 120 98 97 2Other Manufacturing Expenses 174 174 183 0

(B) 44936 35108 33705 914(A -B) = C 2957 2208 4402 -352Gross Profit C / A 6% 6% 12% -63%

Operating Profit Margin Mar '11 Mar '10 Mar '09 Mar '08Net Sales (A) 47892 37315 38106 562Operating Profit (B) 2425 1066 2320 -50OPM (B/A) 5% 3% 6% -9%

Net Profit Margin Mar '11 Mar '10 Mar '09 Mar '08Net Sales (A) 47892 37315 38106 562Reported Net Profit (B) 654 29 -514 -41NPM (B/A) 1% 0% -1% -7%


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Activity Ratio

Mar '07 Inventry Turnover Raio Mar '07 Mar '08474 COGS

Raw Materials 912Power & Fuel Cost 0

563 Employee Cost 20 Other Manufacturing Expenses 0

12 (A) 9140

575 Inventories 3,418 4,891-101 Avg Invt (B) 4154.445-21% ITR A/B 0

Mar '07 Debtors Turnover Mar '07 Mar '08474 Net Sales (A) 474 562-50 Sundry Debtors 177 803

-11% Avg Debtors (B) 490DT (A/B) 1

Mar '07474-67 Average Collection Period Mar '07 Mar '08

-14% Days in Years (A) 365 365Debtors Turnover (B) 1

Avg A/B 365

Creditors Turnover Mar '07 Mar '08Raw Materials (A) 912Current Liabilities 4,003 7,747Avg Creditors (B) 5875Creditors Turnover A/B 0

Average Payment Period Mar '07 Mar '08Days in Years (A) 365 365Creditors Turnover (B) 0Average Payment Period A/B 0


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Leverage Ratio

Mar '09 Mar '10 Mar '11 Debt to Equity Mar '07 Mar '08Secured Loans 7,739 9,134

33266 34634 44137 Unsecured Loans 832 882159 202 505 A 8,571 10,016

97 98 120 Equity Share Capital 1,156 1,190183 174 174 Reserves 1,839 2,259

33705 35108 44936 B 2,995 3,449Debt to Equity A/B 3 3

2,251 3,969 5,7493570.925 3110.185 4859.29

9 11 9 Interest Coverage Ratio Mar '07 Mar '08PBDIT -39 -35Depreciation 5 3

Mar '09 Mar '10 Mar '11 A -43.9 -38.0138106 37315 47892 Interest (B) 11 61,165 2,033 2,367 Interest Coverage Ratio -4 -6

984 1599 220039 23 22

Mar '09 Mar '10 Mar '11365 365 365

39 23 22

9 16 17

Mar '09 Mar '10 Mar '1133266 34634 441378,440 10,922 11,2998094 9681 11111

4 4 4

Mar '09 Mar '10 Mar '11365 365 365

4 4 491 91 91


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Return Ratio

Mar '09 Mar '10 Mar '11 Return on Capital Employed Mar '079,419 9,471 12,274 Equity Share Capital 1,156

613 883 2,273 Reserves 1,83910,032 10,354 14,547 Secured Loans 7,739

1,218 1,218 1,382 Unsecured Loans 8322,273 2,302 5,156 Total 11,5673,491 3,520 6,538 Avg Capital Employed (A)

3 3 2 PBDIT -39Depreciation (-) 5PBIT (B) -44

Mar '09 Mar '10 Mar '11 ROCE B/A1203 1938 2779

655 728 731547.76 1209.51 2048.63 Return on Asstes Mar '07

1091 1181 1220 PBDIT -391 1 2 Depreciation (-) 5

3 -44Tax (-) 13

A -57Total Assets 11,567Avg Total Asstes (B)ROA (A/B)

Return on Equity Mar '07Reported Net Profit -67Preference Share Capital 0

Net Profit (A) -67Equity Share Capital 1,156Reserves 1,839Total Equity 2,995Avg Equity (B)ROE (A/B)


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Valuation Ratio

Mar '08 Mar '09 Mar '10 Mar '11 Price to earning Ratio1,190 1,218 1,218 1,382 Markt Price er Share (A)

2,259 2,273 2,302 5,156 Earning Per Share (B)9,134 9,419 9,471 12,274 P/E (A/B)

882 613 883 2,27313,465 13,523 13,874 21,08512516 13494 13698 17480 Price to Book Value

-35 1203 1938 2779 Markt Price er Share (A)3 655 728 731 Equity Share Capital

-38 548 1210 2049 Reserves0% 4% 9% 12% Book Value

No: of SharesBook Valur Per Shares (B)

Mar '08 Mar '09 Mar '10 Mar '11 P/B (A/B)-35 1203 1938 2779

3 655 728 731-38 548 1210 2049 Price to Sales Ratio

-3 -30 0 175 Markt Price er Share (A)-35 578 1210 1874 Net Sales

13,616 13,614 15,027 21,085 No: of Shares12591.44 13615.02 14320.55 18056.11 Sales Per Shares (B)

0% 4% 8% 10% P/S (A/B)

Mar '08 Mar '09 Mar '10 Mar '11 Dividend Yield-41 -514 29 654 Markt Price er Share (A)

0 0 0 0 Equity Dividend-41 -514 29 654 No: of Shares

1,190 1,218 1,218 1,382 Dividend Per Share (B)2,259 2,273 2,302 5,156 Dividend Yield (B/A)3,449 3,491 3,520 6,538

3222.09 3470.015 3505.71 5029.17-1% -15% 1% 13% Enterprise value

Markt Price er ShareNo: of SharesMarket Capital 1*2=3DebtorsCash and Bank BalanceEnterprise Value 3+4-5 (A)PBITDA (B)EBITDA (A/B)


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DuPont Analysis

Mar '11 Net Profit Margin80.65 Net Sales (A)

5 Reported Net Profit (B)17 NPM (B/A)

Mar '11 Asset Turn Over80.65 Net Sales (A)1,382 Total Assets5,156 Avg Assets (B)6,538 Asset Turn Over (A/B)13.66

478.620.17 Leverage Ratio

Total Assets (A)Avg Assets

Mar '11 Equity80.65 Equity Share Capital

47892 Reserves13.66 Total Equity

3506.031 Avg Equity (B)0.02 Leverage Ratio (A/B)

Mar '11 Return On Equity80.65 Return On Equity

013.66

0 Du Pont0 NPM (B/A)

Asset Turn Over (A/B)Leverage Ratio (A/B)

Mar '1180.6513.66

1101.682,3672,959

510.3227790.18


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Mar '07 Mar '08 Mar '09 Mar '10 Mar '11474 562 38106 37315 47892

-67 -41 -514 29 654-14% -7% -1% 0% 1%

Mar '07 Mar '08 Mar '09 Mar '10 Mar '11474 562 38106 37315 47892

11,567 13,616 13,614 15,027 21,08512591 13615 14321 18056

0.04 2.80 2.61 2.65

Mar '07 Mar '08 Mar '09 Mar '10 Mar '1111,567 13,616 13,614 15,027 21,085

12591 13615 14321 18056

1,156 1,190 1,218 1,218 1,3821,839 2,259 2,273 2,302 5,1562,995 3,449 3,491 3,520 6,538

3222 3470 3506 50294.23 3.92 4.29 4.19

Mar '08 Mar '09 Mar '10 Mar '11-1% -15% 1% 13%

Mar '08 Mar '09 Mar '10 Mar '11-7% -1% 0% 1%

0.04 2.80 2.61 2.654.23 3.92 4.29 4.19


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Mar '11 Mar '10 Mar '09 Mar '08 Mar '07

12 mths 12 mths 12 mths 12 mths 12 mths

TotalShareCapital 1,382.27 1,218.13 1,218.13 1,190.36 1,156.13EquityShareCapital 1,382.27 1,218.13 1,218.13 1,190.36 1,156.13

ShareApplication Money 0 1,153.21 91.03 151.67 0Preference ShareCapital 0 0 0 0 0

Reserves 5,155.63 2,302.31 2,272.85 2,258.69 1,839.00RevaluationReserves 0 0 0 0 0

Networth 6,537.90 4,673.65 3,582.01 3,600.72 2,995.13SecuredLoans 12,274.42 9,470.59 9,419.15 9,134.05 7,739.08Unsecured Loans 2,272.51 883.14 612.56 881.54 832.36

Total Debt 14,546.93 10,353.73 10,031.71 10,015.59 8,571.44

TotalLiabilities 21,084.83 15,027.38 13,613.72 13,616.31 11,566.57

Mar '11 Mar '10 Mar '09 Mar '08 Mar '07

12 mths 12 mths 12 mths 12 mths 12 mths

BalanceSheetof

EssarOil

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---- in Rs.Cr. ----------

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Sources Of Funds


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GrossBlock 13,974.59 13,802.50 13,364.74 551.68 303.86Less:Accum.

Depreciation 2,230.50 1,493.15 758.9 121.6 107.59

Net Block 11,744.09 12,309.35 12,605.84 430.08 196.27CapitalWork inProgress 8,423.04 4,318.75 1,913.90 13,290.31 10,633.63Investments 103 203 103.05 103.05 109.37Inventories 5,749.14 3,969.44 2,250.93 4,890.92 3,417.97

SundryDebtors 2,367.30 2,033.30 1,165.35 803.36 176.84Cash andBankBalance 2,958.66 117.09 155.44 142.78 114.65TotalCurrentAssets 11,075.10 6,119.83 3,571.72 5,837.06 3,709.46

Loans andAdvances 1,235.72 1,787.69 2,865.17 856.01 399.29FixedDeposits 0 1,233.66 1,019.19 860.06 528.32

Total CA,Loans &Advances 12,310.82 9,141.18 7,456.08 7,553.13 4,637.07DefferedCredit 0 0 0 0 0

CurrentLiabilities 11,299.14 10,922.09 8,439.81 7,747.31 4,002.75

Provisions 196.98 22.81 25.34 12.95 7.02

Total CL &Provisions 11,496.12 10,944.90 8,465.15 7,760.26 4,009.77

Application Of Funds


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NetCurrentAssets 814.7 -1,803.72 -1,009.07 -207.13 627.3

Miscellaneous

Expenses 0 0 0 0 0TotalAssets 21,084.83 15,027.38 13,613.72 13,616.31 11,566.57

ContingentLiabilities 2,887.88 22,091.84 6,430.35 6,185.15 3,842.63

BookValue (Rs) 47.87 29.3 29.05 29.38 26.28


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Documents

Fa Essar Oil