Six Years Growth at Glance (2013-2018)

Particulars 2013 2014 2015 2016 2017 2018
OPERATIONAL PERFORMANCE:
Weaving
Number of Looms Installed             130             136             150             163             191             191
Number of Looms Worked             130             136             150             163             163             176
Installed Capacity after conversion into 60
picks Sq. Meter (000)        41,538        43,455        46,011        50,000        51,000        51,000
Actual Production after conversion into 60
picks Sq. Meter (000)        35,244        34,914        37,664        43,163        44,437        48,517
Spinning
Number of Spindles Installed        20,760        22,872        24,984        24,984        24,984        28,152
Number of Spindles Worked        20,760        22,872        24,984        24,984        24,984        28,152
No. of Shifts Worked          1,095          1,095          1,095          1,098          1,095          1,095
Installed Capacity (after conversion into
20/s count) (1095 shifts) KGS (000)          7,821          8,205          8,771          8,951          8,880        10,216
Actual yarn Production (after con. 20/s
count) KGS (000)          6,993          6,900          7,075          8,476          8,628          9,507
PROFIT AND LOSS:
Net Sales Rs. (000)   4,015,813   3,977,310   3,248,868   3,455,552   4,055,873   5,179,001
Cost of Sales Rs. (000)   3,568,467   3,604,975   3,039,521   3,207,894   3,809,770   4,866,580
Gross Profit Rs. (000)      447,346      372,335      209,347      247,658      246,103      312,421
Operating ProfitRs. (000)      268,016      186,178        35,862      116,912      132,039      202,702
Profit /(loss) before Tax Rs. (000)      182,259        81,624       (70,471)          8,707          9,565        64,907
Profit /(loss) after Tax Rs. (000)      143,998        96,096       (19,975)       (18,118)         (3,449)        10,118
BALANCE SHEET:
Share Capital and
Reserves Rs. (000)
Shareholders Equity Rs. (000)   1,795,697   1,870,181   1,850,206   1,811,322   1,807,873   1,817,992
Property Plant &
Equipment Rs. (000)   2,336,860   2,494,300   2,665,839   2,580,090   2,710,351   2,762,251
CurrentAssets Rs. (000)      905,757   1,100,794      961,355   1,054,581   1,394,197   1,496,594
Current Liabilities Rs.(000)      899,726   1,100,711   1,061,290   1,169,086   1,505,189   1,714,741
Long Term Liabilities Rs. (000)      331,086      663,367      755,943      589,268      698,568      677,170
INVESTOR INFORMATION:
Per Share (Rs.)
Dividend Paid 15.00%                –                –                –                –                –
Earning/(Loss) Per Share            9.99            6.67           (1.39)           (1.26)           (0.24)            0.70
FINANCIAL RATIOS:
Gross Profit Ratio (%)          11.14            9.36            6.44            7.17            6.07            6.03
Net Profit Ratio (%)            3.59            2.42           (0.61)           (0.52)           (0.09)            0.20
Inventory Turnover (times)            6.66            5.71            5.62            5.32            4.94            5.52
Fixed Assets Turnover (times)            1.53            1.63            1.22            1.34            1.50            1.87
Total Assets Turnover (times)            1.09            1.09            0.89            0.94            0.99            1.20
Return on Capital Employed (%)            0.10            0.07            0.01            0.05            0.05            0.02
Debt to Equity Ratio (%)          16.13          19.18          23.35          22.29          26.16          26.62
Current Ratio (%)            1.01            1.00            0.91            0.90            0.93            0.87
Interest Coverage Ratio (times)            3.13            1.78            0.34            1.08            1.08            1.47