Summary
Topline: Sales & Distribution
Sales grew at 8.4% CAGR over 6 years. PBIT grew much faster, Margin improved. Trade Receivables growth was well controlled. Average Inventory growth was controlled. Return on Equity moderated.
Bottomline: Production, Operations & HR
Employee Benefit Expenses grew slightly faster. Material Expenses grew much faster. Trade Payables growth was very controlled. Investment Properties and Property, Plant and Equipment dwindled, Right of Use Assets and Intangible Assets grew marginally.
Financing with Internal & External Funds
SMEs Reduced both long term and short term Borrowings. SMEs infused Equity capital slightly faster. WC Ratio improved and Working Capital grew much faster. Interest Coverage improved and Interest Expenses fell. Cash Conversion Cycle is longer. Current Financial Assets grew much faster.
Sales & Distribution
These 19 SMEs aggregate metrics linked to Sales, Distribution were:
| FY 23 | FY 21 | FY 17 | |
| Sales Cr | 2,434 | 1,436 | 1,503 |
| - RoE | 12.12% | 4.46% | 7.59% |
| PBIT Cr | 121 | 37 | 45 |
| - Margin | 4.9% | 2.6% | 3% |
| Trade Receivables Cr | 393 | 358 | 292 |
| - Days Sales Outstanding | 55.5 | 87 | 67.5 (FY 18) |
| Avg Inventory Cr | 472 | 201 |
327 (FY 18) |
| - Days Inv Outstanding | 120 | 97 |
128 (FY 18) |
- Sales recorded 8.4% CAGR over 6 years
- PBIT grew much faster than Sales at 17.9% CAGR over 6 years
- Margin improved to 4.9%, from 2.6% and 3%
- Trade Receivables growth was well controlled at 5.07% CAGR over 6 years
- Average Inventory growth was controlled at 7.6% CAGR over 5 years
- Return on Equity has appreciated
Production, Operations & HR
These 19 SMEs aggregate metrics linked to Production, Operations & HR were:
| EXPENSE | FY 23 | FY 21 | FY 17 |
| Employees Cr | 273 | 201 |
162 |
| - % of Sales | 11.2% | 14% | 10.8% |
| Materials Cr | 1,441 | 755 | 760 |
| - % of Sales | 59.2% | 52.6% | 50.5% |
| Trade Payables Cr | 321 | 208 |
254 |
| - Days Payables Outstanding | 76 | 124 |
112 (FY 18) |
- Material Expenses grew much faster than Sales at 11.25% CAGR over 6 years
- Employee Benefit Expenses grew slightly faster than Sales at 9.1% CAGR over 6 years
- Interest Coverage improved and Interest Expenses fell at -3.8% CAGR over 6 years
- Trade Payables growth was very controlled at 4.0% CAGR over 6 years
- Investment Properties and Property, Plant and Equipment dwindled at 1% CAGR over 6 years
- Right of Use Assets and Intangible Assets grew marginally
Internal Funds
These 19 SMEs aggregate Working Capital and Average Inventory were:
| FY 23 | FY 21 | FY 17 | |
| Working Cap Cr | 1,507 | 1,112 | 770 |
| - WC Ratio | 2.93 | 2.63 | 1.98 |
| - Cash Conversion Cycle | 99.5 | 60 |
83.5 (FY 18) |
| Interest Cr | 50 | 40 | 63 |
| - Int Coverage | 2.42 | 0.925 | 0.714 |
- WC Ratio improved and Working Capital grew much faster than Sales at 11.84% CAGR over 6 years
- Average Inventory growth was controlled at 7.6% CAGR over 5 years
- Current Financial Assets grew much faster than Sales at 13.9% CAGR over 6 years
- Noncurrent financial assets grew slower at 6.3% CAGR over 6 years
- Cash Conversion Cycle is longer
External Funds
These 19 SMEs aggregate Trade Receivables, Trade Payables and Cash Conversion Cycle were:
- Infused Equity capital slightly faster than Sales at 9.1% CAGR over 6 years
- Reduced both long term and short term Borrowings at -6.9% and -0.6% CAGR over 6 years
