PI Industries Limited (BSE:523642) > Financials > Ratios

Restatement: Latest Filings   Period Type: Annual

Order: Latest on Right   Decimals: Capital IQ (Default)
Source: Capital IQ & Proprietar  

Ratios
For the Fiscal Period Ending 12 months 12 months 12 months 12 months 12 months
Mar-31-2016 Mar-31-2017 Mar-31-2018 Mar-31-2019 Mar-31-2020
Profitability
Return on Assets % 13.2% 14.1% 10.4% 10.5% 9.8%
Return on Capital % 20.3% 19.6% 13.7% 14.0% 13.2%
Return on Equity % 30.1% 32.8% 20.7% 19.5% 18.6%
Return on Common Equity % 30.1% 32.8% 20.7% 19.5% 18.6%

Margin Analysis
Gross Margin % 44.3% 48.3% 47.3% 44.0% 43.7%
SG&A Margin % 11.2% 12.4% 13.4% 11.6% 11.1%
EBITDA Margin % 20.6% 24.2% 21.6% 20.3% 20.7%
EBITA Margin % 18.1% 21.1% 18.0% 17.1% 17.3%
EBIT Margin % 18.1% 21.1% 18.0% 17.1% 17.3%
Earnings from Cont. Ops Margin % 14.9% 20.2% 16.1% 14.4% 13.6%
Net Income Margin % 14.9% 20.2% 16.1% 14.4% 13.6%
Net Income Avail. for Common Margin % 14.9% 20.2% 16.1% 14.4% 13.6%
Normalized Net Income Margin % 12.1% 13.9% 12.6% 11.6% 11.4%
Levered Free Cash Flow Margin % (1.9%) 3.4% 2.9% (3.4%) (7.7%)
Unlevered Free Cash Flow Margin % (1.7%) 3.6% 3.0% (3.3%) (7.4%)

Asset Turnover
Total Asset Turnover 1.2x 1.1x 0.9x 1.0x 0.9x
Fixed Asset Turnover 2.7x 2.4x 2.2x 2.4x 2.0x
Accounts Receivable Turnover 5.3x 5.5x 4.7x 4.5x 4.5x
Inventory Turnover 3.0x 2.8x 2.7x 3.2x 2.8x

Short Term Liquidity

Current Ratio 1.6x 2.2x 2.4x 2.1x 1.8x
Quick Ratio 0.8x 1.2x 1.4x 1.2x 1.0x
Cash from Ops. to Curr. Liab. 0.6x 0.6x 0.5x 0.5x 0.6x
 Avg. Days Sales Out. 69.0 66.9 77.5 80.9 80.5
Avg. Days Inventory Out. 121.1 128.1 134.4 113.3 128.9
Avg. Days Payable Out. 111.2 98.2 98.2 96.1 93.6
Avg. Cash Conversion Cycle 78.9 96.8 113.7 98.1 115.8

Long Term Solvency

Total Debt/Equity 12.9% 7.4% 4.3% 2.2% 21.7%
Total Debt/Capital 11.4% 6.9% 4.2% 2.1% 17.8%
LT Debt/Equity 10.5% 5.1% 2.4% 0.4% 16.5%
LT Debt/Capital 9.3% 4.7% 2.3% 0.4% 13.5%
Total Liabilities/Total Assets 39.9% 29.3% 26.7% 27.6% 38.0%

EBIT / Interest Exp. 42.1x 70.5x 82.2x 103.1x 34.6x

EBITDA / Interest Exp. 48.0x 81.1x 98.4x 122.5x 42.6x
(EBITDA-CAPEX) / Interest Exp. 12.3x 60.2x 64.5x 44.1x 2.5x
Total Debt/EBITDA 0.4x 0.2x 0.2x 0.1x 0.8x
Net Debt/EBITDA 0.2x NM NM NM 0.4x
Total Debt/(EBITDA-CAPEX) 1.4x 0.3x 0.3x 0.2x 13.7x
Net Debt/(EBITDA-CAPEX) 0.9x NM NM NM 7.3x

Altman Z Score 9.46 12.4 12.49 10.55 8.91

Growth Over Prior Year

Total Revenue 8.2% 8.6% 0.0% 24.8% 18.5%
Gross Profit 13.7% 18.5% (2.0%) 16.1% 17.7%
EBITDA 14.0% 27.8% (10.9%) 17.0% 21.1%
EBITA 14.7% 26.9% (14.5%) 17.9% 20.2%
EBIT 14.7% 26.9% (14.5%) 17.9% 19.9%
Earnings from Cont. Ops. 26.7% 47.5% (20.0%) 11.6% 11.3%
Net Income 26.7% 47.5% (20.0%) 11.6% 11.3%
Normalized Net Income 11.7% 25.2% (9.6%) 15.3% 15.8%
Diluted EPS before Extra 26.6% 47.1% (19.7%) 11.5% 11.3%

Accounts Receivable 4.1% 6.9% 24.3% 35.0% 4.7%

Inventory 4.4% 9.4% 4.6% 18.5% 49.1%
Net PP&E 42.4% 7.3% 6.4% 25.8% 47.8%
Total Assets 19.3% 18.1% 14.1% 20.1% 33.9%

Tangible Book Value 30.8% 38.7% 18.5% 18.6% 9.5%

 Common Equity 30.6% 39.0% 18.3% 18.7% 14.6%
Cash from Ops. 99.2% (7.6%) (5.7%) 22.4% 78.6%
Capital Expenditures 90.1% (55.9%) 19.6% 117.1% 83.0%
Levered Free Cash Flow NM NM (14.9%) NM NM
Unlevered Free Cash Flow NM NM (15.5%) NM NM
Dividend per Share 24.0% 29.0% 0.0% 0.0% 0.0%

Compound Annual Growth Rate Over Two Years

Total Revenue 14.7% 8.4% 4.2% 11.7% 21.6%
Gross Profit 27.3% 16.1% 7.7% 6.6% 16.9%
EBITDA 20.9% 20.7% 6.7% 2.1% 19.0%
EBITA 19.6% 20.6% 4.2% 0.4% 19.1%
EBIT 19.6% 20.6% 4.2% 0.4% 18.9%
Earnings from Cont. Ops. 28.7% 36.7% 8.6% (5.5%) 11.5%
Net Income 28.7% 36.7% 8.6% (5.5%) 11.5%
Normalized Net Income 23.4% 18.2% 6.4% 2.1% 15.6%
Diluted EPS before Extra 28.3% 36.5% 8.7% (5.4%) 11.4%

Accounts Receivable 24.5% 5.5% 15.2% 29.5% 18.9%

Inventory 11.3% 6.9% 7.0% 11.4% 32.9%
Net PP&E 28.9% 23.6% 6.9% 15.7% 36.4%
Total Assets 21.6% 18.7% 16.1% 17.1% 26.8%

Tangible Book Value 29.9% 34.7% 28.2% 18.5% 14.0%

Common Equity 29.8% 34.7% 28.2% 18.5% 16.6%
Cash from Ops. 29.4% 35.7% (6.7%) 7.4% 47.8%
Capital Expenditures 123.3% (8.4%) (27.3%) 61.2% 99.3%
Levered Free Cash Flow NM 192.6% NM NM NM
Unlevered Free Cash Flow NM 134.3% NM NM NM
Dividend per Share 24.5% 26.5% 13.6% 0.0% 0.0%

Compound Annual Growth Rate Over Three Years

Total Revenue 22.1% 12.6% 5.5% 10.7% 13.9%
Gross Profit 31.8% 24.3% 9.7% 10.4% 10.2%
EBITDA 33.1% 23.1% 9.1% 10.0% 8.1%
EBITA 32.9% 22.0% 7.6% 8.6% 6.6%
EBIT 32.9% 22.0% 7.6% 8.6% 6.5%
Earnings from Cont. Ops. 47.4% 34.7% 14.3% 9.6% (0.2%)
Net Income 47.4% 34.7% 14.3% 9.6% (0.2%)
 Normalized Net Income 40.7% 24.0% 8.1% 9.3% 6.5%
Diluted EPS before Extra 43.8% 34.3% 14.3% 9.6% (0.2%)

Accounts Receivable 15.0% 18.3% 11.4% 21.5% 20.7%

Inventory 17.8% 10.7% 6.1% 10.7% 22.7%
Net PP&E 20.4% 21.3% 17.6% 12.8% 25.5%
Total Assets 19.8% 20.4% 17.2% 17.4% 22.4%

Tangible Book Value 30.1% 32.8% 29.1% 24.9% 15.4%

Common Equity 30.1% 32.8% 29.0% 25.0% 17.2%
Cash from Ops. 53.2% 15.6% 20.2% 2.1% 27.2%
Capital Expenditures 28.6% 30.1% 0.1% 4.7% 68.1%
Levered Free Cash Flow NM (14.0%) 93.9% NM NM
Unlevered Free Cash Flow NM (14.1%) 66.8% NM NM
Dividend per Share 45.8% 26.0% 17.0% 8.9% 0.0%

Compound Annual Growth Rate Over Five Years

Total Revenue 26.8% 21.0% 14.6% 12.2% 11.7%
Gross Profit 29.6% 26.9% 21.6% 16.9% 12.5%
EBITDA 31.4% 29.7% 21.9% 14.3% 13.0%
EBITA 31.9% 29.2% 20.5% 12.9% 12.0%
EBIT 31.9% 29.2% 20.5% 12.9% 12.0%
Earnings from Cont. Ops. 38.3% 34.7% 30.4% 16.9% 13.2%
Net Income 36.8% 34.7% 30.4% 16.9% 13.2%
Normalized Net Income 36.3% 35.1% 25.8% 14.7% 11.0%
Diluted EPS before Extra 35.5% 32.1% 28.6% 16.7% 13.1%

Accounts Receivable 18.0% 19.9% 15.1% 22.7% 14.3%

Inventory 22.9% 19.3% 13.3% 10.9% 16.1%
Net PP&E 26.6% 21.7% 14.8% 19.0% 24.8%
Total Assets 24.0% 23.5% 18.3% 19.1% 20.9%

Tangible Book Value 41.5% 38.0% 29.3% 26.9% 22.8%

Common Equity 41.6% 38.0% 29.3% 26.9% 23.9%
Cash from Ops. 77.1% 26.5% 25.6% 12.3% 30.5%
Capital Expenditures 27.1% 3.8% 2.4% 41.7% 31.9%
Levered Free Cash Flow NM NM NM NM NM
Unlevered Free Cash Flow NM NM NM NM NM
Dividend per Share 50.6% 32.0% 32.0% 14.9% 9.9%