Cimmco (Delisted) share price

BSE: 505230

Cimmco Ltd · Formerly Cimmco Birla · Face value ₹10 · Listed Oct 1957

Last traded ₹21.80 on 21 Oct 2020

Delisted on 1 Apr 2021.

Last announcements

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

Share price history

Daily closes since Oct 2010, BSE closes Oct 2010 to Sep 2011, in Sep 2011, in Sep 2011, in Sep 2011, Sep 2011 to Oct 2011, in Oct 2011, in Oct 2011, in Nov 2011, in Nov 2011, in Nov 2011, in Nov 2011, in Dec 2011, in Dec 2011, in Jan 2012, in Jan 2012, in Jan 2012, in Apr 2012, in May 2012, in May 2012, May 2012 to Jun 2012, in Jun 2012, in Jun 2012, in Jun 2012, in Jul 2012, in Jul 2012, in Sep 2012, in Oct 2012, in Nov 2012, in Dec 2012, in Apr 2013, in Apr 2013, in Apr 2013, in May 2013, in May 2013, in May 2013, in May 2013, in May 2013, in Jun 2013, in Jun 2013, Jun 2013 to Jul 2013, in Jul 2013, in Jul 2013, in Jul 2013, in Aug 2013, Aug 2013 to Sep 2013, in Sep 2013, in Oct 2013, in Oct 2013, Oct 2013 to Nov 2013, in Nov 2013, in Nov 2013, in Nov 2013, in Dec 2013, in Dec 2013, in Dec 2013, in Dec 2013, in Dec 2013, in Jan 2014, in Jan 2014, Jan 2014 to Feb 2014, in Feb 2014, in Feb 2014, in Feb 2014, in Mar 2014 and in Oct 2014, adjusted for splits and bonuses

Daily close, ₹ per share

Q3 results, quarter to Dec 2019

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

Revenue
₹82 Cr−10.7% on a year ago · +12.8% on the quarter before
Operating profit
₹7.85 Cr+28.7% on a year ago · +95.8% on the quarter before
Net profit
₹0.64 Cr+2.4% on a year ago
Earnings per share
₹0.48+4.3% on a year ago
Operating margin
9.6%
Net margin
0.8%

From revenue to net profit, ₹ crore

  1. Revenue82
  2. Materials and goods−64
  3. Employee costs−1.0
  4. Other expenses−9.6
  5. Operating profit7.9
  6. Depreciation−0.9
  7. Other income+0.2
  8. Finance costs−6.3
  9. Profit before tax0.9
  10. Tax−0.3
  11. Net profit0.6

Cimmco results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Dec 2019. Results for the quarter to Mar 2020 were due by 30 May 2020, 60 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

  • Revenue
  • Net profit
  • Loss
36−0.7Mar 17400.6Jun 1745−0.6Sep 1717−4.9Dec 1732−16Mar 1829−6.1Jun 1849−7.3Sep 18920.6Dec 188741Mar 19105−2.8Jun 1973−0.6Sep 19820.6Dec 19
Back to profit in the quarter to Dec 2019, ₹0.64 CrA loss in 8 of the 12 quarters shown

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
46.5%−49.7%11.4%12.0%8.0%−1.7%−18.5%−6.8%−2.4%6.6%7.9%2.7%5.5%9.6%−1.9%1.5%−1.4%−29.4%−49.7%−20.8%−15.1%0.7%46.5%−2.7%−0.8%0.8%Mar 17Sep 17Mar 18Sep 18Mar 19Sep 19Dec 19
₹ croreMar 2015Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Q1Sep 2018Dec 2018Q3Mar 2019Jun 2019Q1Sep 2019Filed 6 NovDec 2019Q3
Revenue from operations232272019244423640451732294992871057382
251982324642403235411738315086811036974
Materials and goods bought–––––––––2834112524417762925764
Employee costs––––––––––1121111111
Other expenses––––––––––64126781791010
Operating profit before depreciation−13−1−3−5−4224540−6−2−167348
Operating margin−6.0%15.4%−21.9%−16.6%−24.9%−270.2%4.2%4.8%11.4%12.0%8.0%−1.7%−18.5%−6.8%−2.4%6.6%7.9%2.7%5.5%9.6%
Depreciation and amortisation11111111211221111111
Other income001042001000200016010
Finance costs11212333343344557766
Profit before one-off items and tax−31−3−5−3−5−1−100−1−5−10−7−7115−4−21
One-off items––−1–––−3–−1–––−60000000
Profit before tax−31−5−5−3−5−4−1−10−1−5−16−7−7115−4−21
0–––1−10000000−100−26−2−10
Tax rate–––––––––−29.2%–––––−15.3%−172.7%––29.3%
Net profit−41−5−5−3−4−4−1−11−1−5−16−6−7141−3−11
Other comprehensive income–––––––––––––0000000
Total comprehensive income–––––––––––––−6−7141−3−11
Net margin−16.1%6.4%−66.6%−26.6%−18.4%−270.4%−9.9%−2.9%−1.9%1.5%−1.4%−29.4%−49.7%−20.8%−15.1%0.7%46.5%−2.7%−0.8%0.8%
Earnings per share––––−₹1.73−₹2.15––−₹0.34₹0.29−₹0.31−₹1.79−₹5.79−₹2.23−₹2.68₹0.46₹29.70−₹1.04−₹0.22₹0.48
Earnings per share in rupees, restated for later splits and bonuses.

The quarters either side of a change of basis do not compare. From the quarter to Sep 2017, GST replaced excise duty on 1 Jul 2017, and revenue before that day includes the duty.

Segment results by quarter

Standalone, ₹ crore, quarters to Dec 2019.

  • manufacturing of wagons and engineering products

    Revenue, ₹ crore
₹ croreJun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019
Revenue of all businesses29499287–––
Company revenue, as in its results294992871057382
Revenue2949–87–––
Profit−2−1–23–––
Margin−7.4%−1.2%–26.3%–––
Assets398426–462–––
Liabilities7394–123–––
Capital employed324332–339–––
Revenue0000–––
Revenue––92––––
––00–––
Profit is before tax and finance costs, the way companies report their segments.

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
16540Mar 10Mar 112324.2Mar 12100−10Mar 13128−12Mar 1432−26Mar 1567−12Mar 16123−11Mar 17135−23Mar 1825728160Mar 19
Peak revenue ₹257 Cr, year to Mar 2019; lowest ₹16 Cr, year to Mar 2010Back to profit in the year to Mar 2019, ₹28 Cr

Operating and net margin, per cent

  • Operating margin
  • Net margin
3,407.6%−80.3%22.3%19.1%−2.5%10.0%−21.7%−9.3%3.0%0.7%3.8%3,407.6%1.8%−10.0%−9.7%−80.3%−17.6%−8.6%−17.3%10.8%Mar 10Mar 12Mar 14Mar 16Mar 18Mar 19

Results for the year to Mar 2019

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

From revenue to net profit

  1. Revenue257
  2. Materials and goods−204
  3. Employee costs−4.9
  4. Other expenses−38
  5. Operating profit9.8
  6. Depreciation−3.7
  7. Other income+17
  8. One-off items0.0
  9. Finance costs−22
  10. Profit before tax1.0
  11. Tax+27
  12. Net profit28

What the company owns

  • Plant, investments and other assets₹341 Cr
  • Inventory₹103 Cr
  • Receivables₹34 Cr
  • Cash and bank₹5 Cr

What pays for it: net worth and liabilities

  • Net worth₹190 Cr
  • Borrowings₹160 Cr
  • Owed to suppliers₹113 Cr
  • Other liabilities₹19 Cr

Cimmco business segments, year to Mar 2019

A reportable segment is a line of business the company must report on its own. Standalone, ₹ crore, as the company reports them. A segment at a loss has no share of profit.

Revenue by segment

₹257 CrTotal
  • Wagons & Engineering Products₹257 Cr99.9% of total
  • Tractors₹0 Cr0.1% of total

Profit by segment

  • Wagons & Engineering Products₹27.1 Cr100.0% of total

Segment results by year

Standalone, ₹ crore, years to March.

  • Wagons & Engineering Products

    Revenue, ₹ crore
    Profit, ₹ crore
  • Tractors

    Revenue, ₹ crore
    Profit, ₹ crore
₹ croreMar 2019
Revenue of all businesses257
Company revenue, as in its results257
Revenue257
Profit27
Margin10.5%
Return on capital8.0%
Assets462
Liabilities123
Capital employed339
Revenue0
0
Profit is before tax and finance costs, the way companies report their segments.

Profit and loss

Standalone, ₹ crore, years to March. A column marked with its months is a changeover year, when the company moved its year end: it is not a twelve-month year. The last column is the twelve months to Dec 2019, the latest four quarters added.

₹ croreMar 2010Mar 20119 monthsMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Dec 2019Twelve months
Revenue from operations161172321001283267123135257348
121061871031153973119134247326
Materials and goods bought––––92–––99204275
Employee costs–––––––––54
Other expenses–––––––––3847
Operating profit before depreciation41144−213−7−6411022
Operating margin22.3%9.7%19.1%−2.5%10.0%−21.7%−9.3%3.0%0.7%3.8%6.2%
Materials, % of revenue–––––––––79.5%79.1%
Employee costs, % of revenue–––––––––1.9%1.3%
Other expenses, % of revenue–––––––––14.8%13.4%
Depreciation and amortisation21221334643
Operating profit after depreciation21043−412−10−90−5618
Other income–0–1135421718
Finance costs−1010888611142227
Profit before one-off items and tax31033−125−15−10−7−1819
One-off items–−6−252−13−11−1−4−600
Profit before tax348−10−8−25−11−12−2419
−5−740401−10−27−28
Net profit540114−10−12−26−12−11−232838
Other comprehensive income–––––––––00
Total comprehensive income–––––––––2838
Net margin3,407.6%9.3%1.8%−10.0%−9.7%−80.3%−17.6%−8.6%−17.3%10.8%10.9%
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2010, Mar 2011, Mar 2012, Mar 2013, Mar 2014, Mar 2015, Mar 2016, Mar 2017 and Mar 2018 they do not, so they are left blank.

Balance sheet

Standalone, ₹ crore, at 31 March. A column marked with its months is a changeover year, when the company moved its year end: it is not a twelve-month year.

₹ croreMar 2019
190
Share capital27
Reserves163
160
167
126
Total assets483
277
206
Net debt156
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 2010, Mar 2011, Mar 2012, Mar 2013, Mar 2014, Mar 2015, Mar 2016, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Per share

Standalone, ₹ per share, years to March. A column marked with its months is a changeover year, when the company moved its year end: it is not a twelve-month year.

₹ per shareMar 2010Mar 20119 monthsMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Earnings per share₹374.35–––––−₹5.87−₹5.24−₹8.53–
Diluted earnings per share₹374.35––––––−₹5.24−₹8.53–
Market cap at the year end (₹ crore)––––––145–––
Earnings per share is left blank for the year to Mar 2019: the earnings per share stated has the opposite sign to the profit stated beside it, so it is not shown.

Ratios

Standalone, years to March. A column marked with its months is a changeover year, when the company moved its year end: it is not a twelve-month year. A ratio that sets its sales or profit against the balance sheet is left blank for it.

RatioMar 2010Mar 20119 monthsMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue growth–––−56.7%27.7%−74.9%109.3%82.8%9.6%91.0%
Operating profit growth––––––––−74.3%942.6%
Return on equity–––––––––14.6%
Return on capital employed–––––––––1.7%
Interest cover−2.3−451.84.3–1.5––0.0–0.3
Debt to equity–––––––––0.84
Receivable days–––––––––49
Inventory days–––––––––184
Payable days–––––––––202
Cash conversion cycle, days–––––––––31
Working capital days–––––––––98
Asset turnover–––––––––0.53
Assets per rupee of net worth–––––––––2.54
Sales per rupee of plant–––––––––0.98
Plant being built, % of plant in use–––––––––0.3%
Interest cover is left blank for the years to Mar 2013, Mar 2015, Mar 2016 and Mar 2018: 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 2010, Mar 2011, Mar 2012, Mar 2013, Mar 2014, Mar 2015, Mar 2016, 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 2019.

Return on assets, latest year
5.8%
Measure10 years5 years3 years
Revenue growth, yearly rate–15.0%56.4%
Operating margin, average2.8%−4.7%2.5%
Net margin, average364.1%−22.6%−5.0%
Interest cover, average––0.1

Accounting checks

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

CheckMar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Altman Z-scorePublished threshold 1.1–––––––––2.63
Effective tax ratePublished threshold 17.16 per cent−177.66–47.88––––––−2,574.25
A threshold marked as ours has no published figure; it is the line we read the check against.

Where the return came from

Yearly rates to Mar 2019, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−57.9%––0.0%
3 years−22.9%––0.0%
5 years+19.5%––0.0%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E are left empty where earnings per share at either end of the window was a loss or is not on record.

Cimmco share price by year

Each calendar year to 2020.

YearClose at year endChangeHighest closeLowest close
202021.80−3.5%28.409.60
201922.60−45.8%42.5516.20
201841.70−67.7%132.0038.65
2017128.95+93.5%140.3059.40
201666.65−23.5%94.5559.65
201587.15+10.2%124.0063.15
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. The 2020 close is its last trade, on 21 Oct 2020.

Recent sessions

The 10 trading days to 21 Oct 2020, as traded on BSE.

DateOpenHighLowCloseAverage priceVolume
21 Oct 202021.5022.4021.2521.8021.8451,580
20 Oct 202021.7521.7521.1521.3521.369,858
19 Oct 202021.9021.9521.0021.3021.6413,485
16 Oct 202022.4022.4021.2521.5021.717,826
15 Oct 202022.7022.7020.9022.1521.8563,692
14 Oct 202022.8023.3522.0022.6022.7555,516
13 Oct 202021.4022.8020.6022.4521.9683,670
12 Oct 202021.0021.4520.5020.8020.8820,167
9 Oct 202020.9521.5020.9521.0021.3118,895
8 Oct 202020.4521.3520.4021.0021.0190,900
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.

Ex-dateEventPrice factorWhat happened
23 Sep 2013Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
19 Sep 2013Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
5 Aug 2013Price move–Between two trading sessions the price moved by a fifth or more. The company's board met on results that day or since the trading day before. Not adjusted for.
31 Jul 2013Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
Each event is noted and not adjusted for.

Company details

BSE code
505230
ISIN
INE184C01028
Former symbols
CIMMCO
CIN
L28910WB1943PLC168801
Corporate identity number, the registrar of companies' code for it
Incorporated
1943
Registered office
756, Anandapur, EM Bypass, Kolkata 700117, West Bengal
Share registrar
Maheshwari Datamatics Pvt Ltd
Keeps the register of shareholders and handles transfers and dividend payments