Summary
Topline: Sales & Distribution
Sales grew at 10.1% CAGR over 6 years. PBIT grew much faster, Margin improved, Trade Receivables growth was very controlled, Average Inventory growth was controlled. Return on Equity is healthier,
Bottomline: Production, Operations & HR
Employee Benefit Expenses were controlled, Material Expenses grew much faster. Trade Payables growth was very controlled. Investment Properties and Property, Plant and Equipment grew, Almost INR 20 Cr of Capital Works in progress in these six years.
Financing with Internal & External Funds
WC Ratio improved and Working Capital growth was well controlled, although Current Financial Assets grew much faster. Cash Conversion Cycle is healthier. Interest Coverage improved and Interest Expenses were very controlled. SMEs Reduced both long term and short term Borrowings. SMEs infused Equity capital slightly gradually.
Sales & Distribution
These 7 SMEs aggregate metrics linked to Sales, Distribution were:
| FY 23 | FY 21 | FY 17 | |
| Sales Cr | 983 | 588 | 552 |
| - RoE | 12.09% | 4.11% | 6.04% |
| PBIT Cr | 51 | 15 | 18 |
| - Margin | 5.2% | 2.6% | 3.3% |
| Trade Receivables Cr | 141 | 126 | 116 |
| - Days Sales Outstanding | 54.5 | 75 | 70 (FY 18) |
| Avg Inventory Cr | 138 | 100 |
96 (FY 18) |
| - Days Inv Outstanding | 76 | 96 |
83 (FY 18) |
- Sales recorded 10.1% CAGR over 6 years
- PBIT grew much faster than Sales at 19% CAGR over 6 years
- Margin improved to 5.2%, from 2.6% and 3.3%
- Trade Receivables growth was very controlled at 3.31% CAGR over 6 years
- Average Inventory growth was controlled at 7.1% CAGR over 5 years
- Return on Equity is healthier
Production, Operations & HR
These 7 SMEs aggregate metrics linked to Production, Operations & HR were:
| EXPENSE | FY 23 | FY 21 | FY 17 |
| Employees Cr | 68 | 58 |
45 |
| - % of Sales | 6.9% | 9.9% | 8.2% |
| Materials Cr | 665 | 380 | 322 |
| - % of Sales | 67.7% | 64.6% | 58.3% |
| Trade Payables Cr | 67 | 67 |
58 |
| - Days Payables Outstanding | 40 | 57 |
49 (FY 18) |
- Employee Benefit Expenses were controlled at 7.1% CAGR over 6 years
- Material Expenses grew much faster than Sales at 12.85% CAGR over 6 years
- Trade Payables growth was very controlled at 2.4% CAGR over 6 years
- Investment Properties and Property, Plant and Equipment grew at 4.4% CAGR over 6 years
- Almost INR 20 Cr of Capital Works in progress
These 7 SMEs aggregate metrics regarding Funds generated internally or sourced externally were:
Internal Funds
| FY 23 | FY 21 | FY 17 | |
| Working Cap Cr | 589 | 476 | 401 |
| - WC Ratio | 4.61 | 4.28 | 3.87 |
| - Cash Conversion Cycle | 90.5 | 114 |
104 (FY 18) |
| Interest Cr | 11.2 | 8.9 | 9.1 |
| - Int Coverage | 4.55 | 1.69 | 1.98 |
- WC Ratio improved and Working Capital growth was well controlled than Sales at 6.62% CAGR over 6 years
- Cash Conversion Cycle is healthier
- Current Financial Assets grew much faster than Sales at 14.0% CAGR over 6 years
- Noncurrent financial assets grew slower at 5.6% CAGR over 6 years
External Funds
In aggregate the 7 SMEs were:
| FY 23 | FY 21 | FY 17 | |
| Debt | 79 | 64 | 70 |
| Equity | 422 | 365 |
298 |
- Infused Equity capital slightly gradually than Sales at 5.9% CAGR over 6 years
- Both long term and short term Borrowings grew at 9.6% and 9.7% CAGR over 6 years
