Viaan Industries Ltd

Viaan Industries Limited, formerly Hindusthan Safety Glass Industries Limited, is an India-based company, which is engaged in trading activities of consumer durables and electronic items.

Pros:
Company is virtually debt free.
Stock is trading at 1.19 times its book value
Cons:
Tax rate seems low
Company might be capitalizing the interest cost
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer Comparison Sector: Glass & Glass Products // Industry: Glass & Glass Products

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018
24.72 24.44 27.82 28.77 53.34 61.47 66.63 68.20 70.60 80.03 53.76 31.50
23.21 23.08 25.98 26.53 49.03 55.28 60.11 62.77 62.81 72.02 49.59 29.75
Operating Profit 1.51 1.36 1.84 2.24 4.31 6.19 6.52 5.43 7.79 8.01 4.17 1.75
OPM % 6.11% 5.56% 6.61% 7.79% 8.08% 10.07% 9.79% 7.96% 11.03% 10.01% 7.76% 5.56%
Other Income 0.07 0.11 0.08 0.17 1.00 0.08 0.29 2.18 0.04 0.10 0.19 0.01
Interest 0.03 0.02 0.01 0.01 0.01 0.02 0.00 0.00 0.00 0.02 0.02 0.03
Depreciation 0.03 0.07 0.07 0.07 0.11 0.08 0.07 0.10 0.09 0.11 0.11 0.11
Profit before tax 1.52 1.38 1.84 2.33 5.19 6.17 6.74 7.51 7.74 7.98 4.23 1.62
Tax % 0.00% 2.17% 0.00% -0.86% 0.58% 0.16% -0.15% 1.46% 2.97% 0.00% 0.00% 0.00%
Net Profit 1.52 1.35 1.84 2.36 5.16 6.15 6.75 7.40 7.52 7.98 4.23 1.62
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 TTM
33 135 269 236
33 125 241 214
Operating Profit -0 10 28 22
OPM % -0% 7% 10% 9%
Other Income 0 1 1 0
Interest 0 0 0 0
Depreciation 0 0 0 0
Profit before tax 0 11 28 22
Tax % 50% 0% 1%
Net Profit 0 11 28 21
EPS in Rs 0.00 1.00 2.57
Dividend Payout % 0% 0% 19%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-5.51%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-16.14%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:70.14%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Sep 2018
4 11 11 11
Reserves 9 13 45 63
Borrowings 1 1 4 6
8 49 40 101
Total Liabilities 22 74 100 181
0 1 1 1
CWIP 0 0 0 0
Investments 1 1 1 1
21 72 99 179
Total Assets 22 74 100 181

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018
0 -2 -7
0 -1 0
0 1 7
Net Cash Flow 0 -2 0

Ratios Consolidated / View Standalone

Mar 2016 Mar 2017 Mar 2018
ROCE % 56% 66%
Debtor Days 89 169 109
Inventory Turnover 641.38 51.79