Videocon Industries Ltd

Videocon Industries Limited is engaged in the manufacture, and wholesale and retail trade of consumer electronics and home appliances items.

Pros:
Cons:
Stock is trading at 2.53 times its book value
Company has low interest coverage ratio.
Promoter's stake has decreased
The company has delivered a poor growth of -25.62% over past five years.
Company has a low return on equity of -24.72% for last 3 years.
Contingent liabilities of Rs.26104.19 Cr.
Promoters have pledged 98.64% of their holding

Peer Comparison Sector: Consumer Durables // Industry: Electronics - Consumer

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Dec 2015 Mar 2016 Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018
3,091 2,775 2,648 2,511 1,959 1,871 1,525 817 363 61 241 186
2,682 2,521 2,366 2,284 1,776 1,735 1,432 1,142 1,341 1,009 726 298
Operating Profit 409 253 282 227 183 136 92 -325 -979 -948 -485 -111
OPM % 13% 9% 11% 9% 9% 7% 6% -40% -270% -1,555% -201% -60%
Other Income 266 267 95 51 13 99 44 38 501 -619 -1,382 14
Interest 597 598 624 599 645 675 669 706 740 717 884 999
Depreciation 177 157 186 191 192 185 434 150 98 133 127 125
Profit before tax -99 -235 -433 -512 -641 -625 -967 -1,142 -1,315 -2,416 -2,878 -1,221
Tax % 15% 19% 15% 21% 25% 11% 8% 9% 3% 14% 0% -0%
Net Profit -84 -190 -369 -404 -482 -558 -886 -1,034 -1,272 -2,073 -2,874 -1,225
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

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

Sep 2006 Sep 2007 Sep 2008 Sep 2009 Dec 2010 Dec 2011 Jun 2013 Dec 2014 Dec 2015 Mar 2017 Mar 2018 TTM
7,006 8,086 9,543 8,931 13,858 12,151 17,467 18,242 11,858 11,607 2,766 851
5,665 6,331 7,192 7,134 11,187 9,831 14,422 14,873 9,676 10,411 4,873 3,374
Operating Profit 1,340 1,756 2,351 1,797 2,671 2,320 3,045 3,369 2,182 1,195 -2,107 -2,523
OPM % 19% 22% 25% 20% 19% 19% 17% 18% 18% 10% -76% -296%
Other Income 164 166 -92 24 43 106 418 1,165 844 516 -36 -1,486
Interest 255 337 432 666 951 1,045 2,753 3,544 2,385 3,270 2,883 3,339
Depreciation 336 502 660 577 713 608 824 986 702 955 815 483
Profit before tax 914 1,083 1,167 578 1,050 773 -115 5 -61 -2,514 -5,840 -7,831
Tax % 10% 21% 27% 31% 29% 30% 37% 34% 8% 17% 10%
Net Profit 818 855 854 401 745 540 -72 3 -56 -2,080 -5,264 -7,444
EPS in Rs 36.22 37.71 36.72 16.85 19.45 17.60 0.00 0.00 0.00 0.00 0.00
Dividend Payout % 9% 9% 3% 11% 4% 3% -89% 2,200% -0% -0% -0%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:-8.87%
5 Years:-25.62%
3 Years:-46.67%
TTM:-86.21%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:830.74%
TTM:151.49%
Return on Equity
10 Years:-4.11%
5 Years:-14.52%
3 Years:-24.72%
TTM:-66.32%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Sep 2006 Sep 2007 Sep 2008 Sep 2009 Dec 2010 Dec 2011 Jun 2013 Dec 2014 Dec 2015 Mar 2017 Mar 2018 Sep 2018
267 267 275 275 348 334 334 334 334 334 334 334
Reserves 3,848 5,358 6,538 6,930 9,086 9,619 9,784 10,028 9,972 9,496 3,840 -294
Borrowings 4,961 5,260 8,006 9,085 11,774 18,656 22,987 24,271 23,774 21,620 24,504 26,566
2,186 1,716 1,491 1,662 1,753 3,430 3,951 3,636 3,928 6,208 4,763 4,720
Total Liabilities 11,216 12,554 16,264 17,906 22,914 32,008 37,041 38,270 38,009 37,659 33,442 31,327
4,331 4,772 5,015 5,077 5,073 5,509 5,928 5,933 5,545 6,905 6,098 5,842
CWIP 608 548 911 943 849 717 667 729 714 490 11 10
Investments 1,781 2,092 2,696 3,065 4,268 4,744 4,937 5,627 9,000 10,256 9,699 9,660
4,495 5,142 7,642 8,821 12,724 21,039 25,508 25,981 22,749 20,007 17,635 15,814
Total Assets 11,216 12,554 16,264 17,906 22,914 32,008 37,041 38,270 38,009 37,659 33,442 31,327

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Sep 2006 Sep 2007 Sep 2008 Sep 2009 Dec 2010 Dec 2011 Jun 2013 Dec 2014 Dec 2015 Mar 2017 Mar 2018
1,352 1,134 -1,193 647 -485 -5,160 -679 5,481 6,360 4,863 -19,522
-2,844 -1,268 -1,910 -1,019 -1,870 -989 -1,164 -3,297 -3,644 1,019 952
1,232 -112 2,602 482 3,173 5,865 1,855 -1,991 -2,894 -5,979 18,751
Net Cash Flow -260 -247 -501 110 818 -283 12 192 -178 -97 181

Ratios Standalone / View Consolidated

Sep 2006 Sep 2007 Sep 2008 Sep 2009 Dec 2010 Dec 2011 Jun 2013 Dec 2014 Dec 2015 Mar 2017 Mar 2018
ROCE % 14% 13% 8% 11% 7% 8% 10% 7% 2% -8%
Debtor Days 58 59 61 70 70 83 59 57 88 75 98
Inventory Turnover 6.00 6.44 5.36 7.29 5.90 8.24 8.00 4.98 4.44 1.30