Asian Vegpro Industries (Delisted) results and financials

BSE: 530413Agricultural Food & other Products

Asian Vegpro Industries Ltd. · Face value ₹10 · Listed Jun 1995

Delisted on 10 Aug 2023.

Last announcements

The company's own last announcements before its shares stopped trading, routine notices left out.

Results for the quarter to Mar 2023

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

Revenue
₹0.00 Cr
Operating profit
−₹0.51 Cr
Net profit
−₹2.05 Cr
Earnings per share
−₹0.18

From revenue to net profit, ₹ crore

  1. Revenue0.0
  2. Employee costs−0.1
  3. Other expenses−0.5
  4. Operating profit−0.5
  5. Depreciation−1.1
  6. Other income+0.1
  7. Finance costs0.0
  8. Profit before tax−1.5
  9. Tax−0.5
  10. Net profit−2.1

Asian Vegpro Industries results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Mar 2023. Results for the quarter to Jun 2023 were due by 14 Aug 2023, 45 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

  • Revenue
  • Net profit
  • Loss
00.2Jun 2000.0Sep 2000.1Dec 2000.0Mar 2100.0Jun 2100.0Sep 2100.1Dec 210−0.2Mar 2200.0Jun 2200.0Sep 2200.0Dec 220−2.1Mar 23
Peak revenue ₹0.00 Cr, quarter to Jun 2020A loss in the quarter to Mar 2023, −₹2.05 Cr

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
₹ croreJun 2018Sep 2018worked outDec 2018Q3Mar 2019Jun 2019Q1Sep 2019Dec 2019Q3Mar 2020Jun 2020Q1Sep 2020Dec 2020Q3Mar 2021Jun 2021Q1Sep 2021Dec 2021Q3Mar 2022Jun 2022Q1Sep 2022Dec 2022Q3Mar 2023
Revenue from operations0.170.04––0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
––0.050.160.140.120.170.160.000.050.040.090.010.030.020.200.020.020.030.51
Materials and goods bought––0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Employee costs––0.010.010.010.060.040.000.000.010.010.000.000.010.010.020.000.010.010.06
Other expenses––0.040.140.130.050.140.160.000.040.030.090.010.030.020.180.020.010.010.45
Operating profit before depreciation––––−0.14−0.12−0.17−0.160.00−0.05−0.04−0.09−0.01−0.03−0.02−0.20−0.02−0.02−0.03−0.51
Depreciation and amortisation––0.000.150.000.000.000.140.000.000.000.130.000.000.000.120.000.000.001.11
Other income0.170.040.020.130.180.180.180.200.190.080.150.220.010.020.150.200.030.070.040.07
Finance costs0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
One-off items––0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Profit before tax−0.120.01−0.03−0.170.040.060.00−0.090.180.040.110.010.00−0.020.13−0.130.020.050.01−1.55
Tax––0.000.000.000.000.00−0.580.000.000.000.030.000.000.000.050.000.000.000.51
Tax rate––––0.0%0.0%0.0%–0.0%0.0%0.0%286.0%0.0%–0.0%–0.0%0.0%0.0%–
Net profit−0.120.01−0.03−0.170.040.060.000.490.180.040.11−0.020.00−0.020.13−0.170.020.050.01−2.05
Net margin−72.1%31.8%––––––––––––––––––
Earnings per share−₹0.01––−₹0.02₹0.00₹0.01₹0.00₹0.04₹0.02₹0.00₹0.01₹0.00–₹0.00₹0.01−₹0.02₹0.00₹0.00₹0.00−₹0.18
Earnings per share in rupees, restated for later splits and bonuses.

10 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
  • Loss
Mar 14Mar 15Mar 160.80.2Mar 170.6−0.6Mar 18−0.30Mar 1900.60Mar 2000.30Mar 210−0.10Mar 220−2.00Mar 23
Peak revenue ₹0.79 Cr, year to Mar 2017; lowest ₹0.00 Cr, year to Mar 2020A loss in 4 of the 7 years with results on record

Operating and net margin, per cent

  • Operating margin
  • Net margin
19.0%−106.6%19.0%−106.6%Mar 14Mar 16Mar 18Mar 20Mar 22Mar 23

Results for the year to Mar 2023

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

  1. Revenue0.0
  2. Employee costs−0.1
  3. Other expenses−0.5
  4. Operating profit−0.6
  5. Depreciation−1.1
  6. Other income+0.2
  7. One-off items0.0
  8. Finance costs0.0
  9. Profit before tax−1.5
  10. Tax−0.5
  11. Net profit−2.0

What the company owns

  • Plant, investments and other assets₹2 Cr
  • Cash and bank₹1 Cr
  • Receivables₹0 Cr

What pays for it: net worth and liabilities

  • Net worth₹3 Cr
  • Other liabilities₹0 Cr

Profit and loss

Standalone, ₹ crore, years to March. No results on record for the years to Mar 2014, Mar 2015 and Mar 2016.

₹ croreMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue from operations0.790.58–0.000.000.000.00
––0.530.590.170.270.58
Materials and goods bought––0.000.000.000.000.00
Employee costs––0.020.110.020.040.09
Other expenses––0.510.480.160.230.49
Operating profit before depreciation–––−0.59−0.17−0.27−0.58
Depreciation and amortisation–0.340.150.140.130.121.11
Operating profit after depreciation–––−0.72−0.30−0.39−1.69
Other income0.790.580.360.740.650.380.21
Finance costs–0.000.000.000.000.000.00
Profit before one-off items and tax0.17−0.61−0.310.010.35−0.01−1.48
One-off items––0.000.000.000.000.00
Profit before tax0.18−0.61−0.310.010.35−0.01−1.48
0.03–0.00−0.580.030.050.51
Net profit0.15−0.61−0.310.600.32−0.06−1.98
Net margin19.0%−106.6%–––––
Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the year to Mar 2017: the statement does not state its finance costs or depreciation, which operating profit is worked out from, so operating profit is not given. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the year to Mar 2018: revenue, other income and exceptional items less the total expenses stated do not come to the profit before tax the same statement states, so the operating expenses cannot be told apart from the rest. Revenue from operations, operating profit before depreciation and operating profit after depreciation are left blank for the year to Mar 2019: the filing states revenue as 0 for a year whose own quarters state revenue, a placeholder rather than a figure, so revenue and what is made from it are not held.

Balance sheet

Standalone, ₹ crore, at 31 March.

₹ croreMar 2019Mar 2020Mar 2021Mar 2022Mar 2023
3.94.54.84.82.8
Share capital3.94.54.84.810.9
Reserves0.00.00.00.0−8.1
Borrowings0.00.00.00.00.0
0.00.00.00.00.0
0.20.20.20.00.0
Total assets4.24.85.04.82.9
3.44.24.64.22.0
0.80.60.50.60.9
Net debt−0.6−0.5−0.3−0.3−0.8
Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Standalone, ₹ crore, years to March.

₹ croreMar 2021Mar 2022Mar 2023
0.07−0.330.03
0.07−0.340.03
−0.34−0.400.38
Receivables−0.070.060.00
Payables−0.010.010.00
Other working capital−0.26−0.470.38
Capital spending0.000.000.00
Free cash flow0.07−0.330.03
−0.250.000.55
Cash from financing0.000.000.00
Dividends paid0.000.000.00
Shares bought back0.000.000.00
Shares issued0.000.000.00
Net change in cash−0.17−0.330.58
Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Per share

Standalone, ₹ per share, years to March.

₹ per shareMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Earnings per share₹0.01−₹0.06−₹0.03₹0.05₹0.03−₹0.01−₹0.18
Diluted earnings per share₹0.01−₹0.06−₹0.03₹0.05₹0.03−₹0.01−₹0.18

Ratios

Standalone, years to March.

RatioMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue growth−27.5%–––––
Net profit growth–––−46.9%––
Earnings per share growth–––−47.2%––
Return on capital employed––−16.0%−6.2%−8.2%−60.1%
Cash conversion–––22.6%––
Debt to equity–0.000.000.000.000.00
Asset turnover––0.000.000.000.00
Assets per rupee of net worth–1.071.061.051.021.01
Sales per rupee of plant–0.000.000.000.000.00
Capital spending to depreciation–––0.000.000.00
Interest cover is left blank for the year to Mar 2019: the filing states revenue as 0 for a year whose own quarters state revenue, a placeholder rather than a figure, so revenue and what is made from it are not held. Interest cover is left blank for the years to Mar 2022 and Mar 2023: operating profit after depreciation is a loss, and a loss covers no interest bill. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2023.

Return on assets, latest year
−51.7%
Measure5 years3 years
Return on capital employed, average−22.6%−24.8%
Asset turnover, average0.000.00
Debt to equity, average0.000.00

Where the cash came from and went

Standalone: the listed company alone, without its subsidiaries. ₹ crore, added up over each window, which ends with the year to Mar 2023.

₹ crore3 yearsLatest year
Cash from operations−0.230.03
Cash from investing0.300.55
Cash from financing0.000.00
Capital spending0.000.00
Dividends paid0.000.00
Shares bought back0.000.00
Shares issued for cash0.000.00
Borrowings raised0.000.00
Borrowings repaid0.000.00

Accounting checks

Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

CheckMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets––––10.015.56−66.67
Effective tax ratePublished threshold 17.16 per cent16.57––−4,905.888.81––
A threshold marked as ours has no published figure; it is the line we read the check against.

Business segments

In the year to Mar 2023 the company reports one business segment, MANUFACTURING, which carries all its revenue.

Company details

BSE code
530413
ISIN
INE01OU01016
Industry
Agricultural Food & other Products
CIN
L01404WB1994PLC061722
Corporate identity number, the registrar of companies' code for it
Incorporated
1994
Registered office
Suite 315, Todi Chambers, 3rd Floor, 2, Lal Bazar Street, Kolkata 700001, West Bengal
Share registrar
Skyline Financial Services Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments