Viaan Industries Ltd

Viaan Industries is engaged into trading activities of commodities, electronics goods & development of mobile based games application and animated films which are sold in India.

Pros:
Company is virtually debt free.
Stock is trading at 0.67 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: Trading // Industry: Trading

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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
32.71 134.69 268.55 235.89
32.86 124.62 240.95 214.17
Operating Profit -0.15 10.07 27.60 21.72
OPM % -0.46% 7.48% 10.28% 9.21%
Other Income 0.26 1.04 0.94 0.34
Interest 0.03 0.05 0.02 0.07
Depreciation 0.06 0.32 0.35 0.42
Profit before tax 0.02 10.74 28.17 21.57
Tax % 50.00% 0.37% 1.17%
Net Profit 0.01 10.70 27.83 21.35
EPS in Rs 0.00 1.00 2.57
Dividend Payout % 0.00% 0.00% 19.42%
* 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
3.56 10.67 10.81 10.81
Reserves 9.36 12.95 44.92 63.14
Borrowings 0.80 1.38 4.25 6.10
8.25 49.15 40.30 100.90
Total Liabilities 21.97 74.15 100.28 180.95
0.26 0.69 0.67 1.10
CWIP 0.00 0.00 0.00 0.00
Investments 1.08 0.97 0.57 0.57
20.63 72.49 99.04 179.28
Total Assets 21.97 74.15 100.28 180.95

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018
0.00 -1.60 -7.04
0.00 -0.79 0.07
0.00 0.58 7.12
Net Cash Flow 0.00 -1.82 0.15

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018
ROCE % 55.73% 66.35%
Debtor Days 89.49 169.10 108.64
Inventory Turnover 641.38 51.79