Revenue, Margin, and Leverage
- Revenue (Q3 2023): INR 463,152,500; QoQ growth from Q2 2023: INR 201,588,500 -> INR 463,152,500 (~129% QoQ). YoY data not provided.
- Gross Profit: INR 22,377,500; Gross Margin: 4.83% (Gross Profit / Revenue).
- EBITDA: INR 14,423,500; EBITDA Margin: 3.12% (EBITDA / Revenue).
- Operating Income: INR 14,055,500; Operating Margin: 3.03% (Operating Income / Revenue).
- Net Income: INR 10,404,500; Net Margin: 2.25% (Net Income / Revenue).
- Earnings per Share (EPS): INR 0.46; Diluted EPS: INR 0.46; Weighted Avg Shares: 22,378,947.
- Income Tax: INR 3,439,000; Pretax Profit: INR 13,843,500; Effective Tax Rate: 24.8%.
Liquidity and Balance Sheet
- Current Ratio: 4.91; Quick Ratio: 4.23; Cash Ratio: 0.0574 (low cash cushion).
- Days Sales Outstanding (DSO): 48.24; Days Inventory Outstanding (DIO): 8.91; Days Payables Outstanding (DPO): 5.48; Cash Conversion Cycle (CCC): 51.67 days.
- Debt Ratios: Debt Ratio 0.0747; Debt to Equity 0.0935; Long-Term Debt to Capitalization 1.0%; Total Debt to Capitalization 8.55%.
- Asset Utilization: Asset Turnover 1.377; Inventory Turnover 10.10; Receivables Turnover 1.866; Fixed Asset Turnover 21.29.
- Cash Flow: Operating Cash Flow per Share (OCFPS) -0.00588; Free Cash Flow per Share (FCFPS) -0.00588; Cash per Share 0.164.
Valuation and Market Metrics
- Price/Earnings (P/E): 2.31; Price/Book (P/B): 0.358; Price/Sales (P/S): 0.208; Price/Operating Cash Flows: negative; EV/EBITDA: 8.16.
- Dividend Payout Ratio: 0; Dividend Yield: 0%. Earnings yield and cash generation suggest a capital-allocation stance focused on working capital efficiency rather than distributions.
- Return Metrics: ROA 3.09%; ROE 3.87%; ROCE 5.16%.
- Revenue / Margin health indicates a lean-margin business with potential for margin expansion pending scale and procurement optimization.