Centron Industrial Alliance (Delisted) share price

BSE: 509499Industrial Products

Centron Industrial Alliance Ltd. · Face value ₹1 · Listed Nov 1974

Last traded ₹0.55 on 27 Aug 2015

Delisted on 23 Nov 2023.

Last announcements

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

Share price history

Daily closes since Oct 2013, adjusted for splits and bonuses. Earlier closes are left out: on 25 Oct 2013 the price changed in a way no corporate action on record explains.

Daily close, ₹ per share

Results for the quarter to Mar 2022

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

Revenue
₹0.33 Cr−98.5% on a year ago
Operating profit
₹0.13 Cr+115.1% on a year ago
Net profit
₹0.13 Cr+756.3% on a year ago
Earnings per share
₹0.02
Operating margin
39.5%
Net margin
39.5%

From revenue to net profit, ₹ crore

  1. Revenue0.3
  2. Materials and goods0.0
  3. Employee costs−0.1
  4. Other expenses−0.1
  5. Operating profit0.1
  6. Depreciation0.0
  7. Other income0.0
  8. Finance costs0.0
  9. Profit before tax0.1
  10. Tax0.0
  11. Net profit0.1

Centron Industrial Alliance results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Mar 2022. Results for the quarter to Jun 2022 were due by 14 Aug 2022, 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
8.70.0Jun 19Sep 197.00.0Dec 190.50.0Mar 204.90.0Jun 204.90.0Sep 202.40.1Dec 20210.0Mar 218.30.0Jun 213.90.0Sep 210.50.0Dec 210.30.1Mar 22
Peak revenue ₹21 Cr, quarter to Mar 2021; lowest ₹0.33 Cr, quarter to Mar 2022A loss in 2 of the 11 quarters with results on record

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
39.5%−1.0%0.4%0.3%4.7%−0.1%0.2%2.1%0.3%0.4%0.6%4.6%39.5%0.4%0.3%−1.0%−0.1%0.2%2.1%0.1%0.4%0.6%4.6%39.5%Jun 19Dec 19Jun 20Dec 20Jun 21Dec 21Mar 22
₹ croreJun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Q1Sep 2019Dec 2019Q3Mar 2020Jun 2020Q1Sep 2020worked outDec 2020Q3Mar 2021Jun 2021Q1Sep 2021Dec 2021Q3Mar 2022
Revenue from operations1.20.40.72.52.12.01.23.98.7–7.00.54.94.92.421.48.33.90.50.3
–––––––3.88.6–6.90.54.94.92.421.38.33.90.50.2
Materials and goods bought1.00.30.52.31.91.91.03.78.5–6.80.34.84.82.221.28.13.80.40.0
Employee costs–––––––0.10.1–0.10.10.10.10.10.10.10.10.10.1
Other expenses–––––––0.00.0–0.00.10.00.00.10.00.00.00.00.1
Operating profit before depreciation–––––––0.10.0–0.00.00.00.00.10.10.00.00.00.1
Operating margin–––––––3.1%0.4%–0.3%4.7%−0.1%0.2%2.1%0.3%0.4%0.6%4.6%39.5%
Depreciation and amortisation–––––––0.00.0–0.00.00.00.00.00.00.00.00.00.0
Other income–––––––0.00.0–0.00.00.00.00.00.00.00.00.00.0
Finance costs–––––––0.10.0–0.00.00.00.00.00.00.00.00.00.0
One-off items–––––––0.00.0–0.00.00.00.00.00.00.00.00.00.0
Profit before tax0.00.00.00.10.00.00.00.00.0–0.00.00.00.00.10.10.00.00.00.1
–––0.0–––0.00.0–0.00.00.00.00.00.00.00.00.00.0
Tax rate–––36.7%–––67.0%0.0%–0.0%120.3%–0.0%0.0%74.9%0.0%0.0%0.0%0.0%
Net profit0.00.00.00.00.00.00.00.00.0–0.00.00.00.00.10.00.00.00.00.1
Net margin2.3%3.3%1.6%1.5%1.3%1.1%2.9%0.3%0.4%–0.3%−1.0%−0.1%0.2%2.1%0.1%0.4%0.6%4.6%39.5%
Earnings per share₹0.00₹0.00₹0.01₹0.04₹0.03₹0.02–₹0.00₹0.06–₹0.00₹0.00₹0.00–₹0.00₹0.00₹0.00₹0.00₹0.00₹0.02
Earnings per share in rupees, restated for later splits and bonuses. No results on record for the quarter to Sep 2019.

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
280.3Mar 13250.4Mar 14210.5Mar 15Mar 164.80.1Mar 174.80.1Mar 189.30.10Mar 19240.11.0Mar 20340.10Mar 21130.20Mar 22
Peak revenue ₹34 Cr, year to Mar 2021; lowest ₹4.83 Cr, year to Mar 2018

Operating and net margin, per cent

  • Operating margin
  • Net margin
4.1%0.2%2.1%4.1%0.5%0.4%1.6%1.0%1.6%2.2%1.9%1.9%1.0%0.4%0.2%1.6%Mar 13Mar 15Mar 17Mar 19Mar 21Mar 22

Results for the year to Mar 2022

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

From revenue to net profit

  1. Revenue13
  2. Materials and goods−12
  3. Employee costs−0.4
  4. Other expenses−0.2
  5. Operating profit0.2
  6. Depreciation0.0
  7. Other income0.0
  8. One-off items0.0
  9. Finance costs0.0
  10. Profit before tax0.2
  11. Tax0.0
  12. Net profit0.2

What the company owns

  • Plant, investments and other assets₹23 Cr
  • Cash and bank₹0 Cr
  • Inventory₹0 Cr

What pays for it: net worth and liabilities

  • Net worth₹24 Cr
  • Owed to suppliers₹0 Cr
  • Other liabilities₹0 Cr

Profit and loss

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

₹ croreMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue from operations28.224.521.3–4.84.89.324.133.612.8
–24.0––––8.924.033.512.6
Materials and goods bought27.423.219.5–4.24.18.523.432.912.0
Employee costs–0.3––––0.30.40.30.4
Other expenses–0.5––––0.00.30.20.2
Operating profit before depreciation–0.5––––0.40.10.10.2
Operating margin–2.1%––––4.1%0.5%0.4%1.6%
Materials, % of revenue–94.8%––––92.1%96.7%97.9%93.6%
Employee costs, % of revenue–1.0%––––3.7%1.5%1.0%3.3%
Other expenses, % of revenue–2.1%––––0.0%1.3%0.7%1.6%
Depreciation and amortisation–0.00.0–––0.00.00.00.0
Operating profit after depreciation–0.5––––0.40.10.10.2
Other income––––––0.00.00.00.0
Finance costs0.00.0––––0.30.00.00.0
One-off items––––––0.00.00.00.0
Profit before tax0.30.50.6–0.10.10.10.10.10.2
0.10.10.1–0.00.00.00.00.00.0
Net profit0.30.40.5–0.10.10.10.10.10.2
Net margin1.0%1.6%2.2%–1.9%1.9%1.0%0.4%0.2%1.6%
Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the year to Mar 2013: the statement does not state its 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 2015: the statement does not state its finance costs, 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 years to Mar 2017 and Mar 2018: the statement does not state its finance costs or depreciation, which operating profit is worked out from, so operating profit is not given.

Balance sheet

Standalone, ₹ crore, at 31 March.

₹ croreMar 2019Mar 2020Mar 2021Mar 2022
23.223.323.423.6
Share capital10.010.010.010.0
Reserves13.313.413.413.6
Borrowings0.01.00.00.0
0.21.30.00.2
0.00.00.20.0
Total assets23.424.623.623.7
9.413.312.411.4
14.011.411.312.3
Net debt−0.11.0−0.2−0.3
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 2013, Mar 2014, Mar 2015, 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 2022
Cash from operations−0.89
Capital spending0.00
Free cash flow−0.89
Cash from investing0.99
Cash from financing0.00
Dividends paid0.00
Shares bought back0.00
Shares issued0.00
Net change in cash0.10
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 2013, Mar 2014, Mar 2015, Mar 2017, Mar 2018, Mar 2019, Mar 2020 and Mar 2021.

Per share

Standalone, ₹ per share, years to March.

₹ per shareMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Earnings per share₹0.09₹0.09₹0.02₹0.02₹0.02₹0.04
Diluted earnings per share₹0.09₹0.09₹0.02₹0.02₹0.02₹0.04

Ratios

Standalone, years to March.

RatioMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue growth−13.2%−13.1%––−0.2%91.8%160.9%39.3%−62.0%
Operating profit growth––––––−66.2%−6.7%63.9%
Net profit growth42.5%20.4%––0.0%5.5%3.6%−24.6%161.0%
Earnings per share growth––––0.0%−77.8%0.0%0.0%100.0%
–––––0.4%0.4%0.3%0.8%
––––––0.0 pts−0.1 pts0.5 pts
From the net margin––––––−0.3 pts−0.2 pts1.9 pts
From asset turnover––––––0.3 pts0.1 pts−1.4 pts
From borrowing––––––0.0 pts0.0 pts0.0 pts
Return on capital employed–––––1.7%0.5%0.5%0.8%
Cash conversion––––––––−449.3%
Interest cover55.6––––1.5–––
Debt to equity–––––0.000.040.000.00
Receivable days–––––0000
Inventory days–––––2111
Payable days–––––9403
Cash conversion cycle, days–––––−6−31−2
Working capital days–––––538167120339
Asset turnover–––––0.391.001.390.54
Assets per rupee of net worth–––––1.011.031.031.01
Sales per rupee of plant–––––1,469.173,832.565,339.272,028.02
Plant being built, % of plant in use–––––0.0%0.0%0.0%0.0%
No balance sheet is on record for the years to Mar 2013, Mar 2014, Mar 2015, 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 2022.

Return on assets, latest year
0.8%
Cash from operations against operating profit
−449.3%
Measure10 years5 years3 years
Revenue growth, yearly rate–21.4%11.3%
Profit growth, yearly rate–16.6%26.8%
Return on equity, average–0.5%0.5%
Return on capital employed, average–0.9%0.6%
Operating margin, average–1.6%0.8%
Net margin, average1.3%1.0%0.7%
Asset turnover, average–0.830.98
Cash conversion cycle, days, average–−3−1
Debt to equity, average–0.010.02

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 2022.

₹ croreLatest year
Cash from operations−0.89
Cash from investing0.99
Cash from financing0.00
Capital spending0.00
Dividends paid0.00
Shares bought back0.00
Shares issued for cash0.00
Borrowings raised0.00
Borrowings repaid0.00

Accounting checks

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

CheckMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Piotroski score, out of 9Published threshold 3 points out of 9–––––––––4
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets–––––––––0.42
Receivables growth less revenue growthOur threshold 0 percentage points–––––––89.142,417.83−37.98
Inventory growth less cost-of-goods growthOur threshold 0 percentage points–––––––−170.41−59.9255.94
Other current assets growth less revenue growthOur threshold 5 per cent of revenue–––––––−0.270.030.09
Effective tax ratePublished threshold 17.16 per cent19.7118.5020.27–8.0019.3018.8122.3837.220.00
Tax charged less tax paid, % of profitOur threshold 10 percentage points–––––––––0.00
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 2022 the company reports one business segment, Single segment, which carries all its revenue.

Centron Industrial Alliance share price by year

Each calendar year to 2015.

YearClose at year endChangeHighest closeLowest close
20150.55−91.9%6.620.34
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. The 2015 close is its last trade, on 27 Aug 2015.

Recent sessions

The 10 trading days to 27 Aug 2015, as traded on BSE.

DateOpenHighLowCloseAverage priceVolume
27 Aug 20150.550.550.550.550.552,85,510
26 Aug 20150.570.570.570.570.572,76,784
25 Aug 20150.600.600.560.600.6019,29,489
24 Aug 20150.580.580.540.580.5717,01,241
21 Aug 20150.560.560.540.560.567,03,782
20 Aug 20150.540.540.540.540.542,41,500
19 Aug 20150.520.520.520.520.522,99,700
18 Aug 20150.500.500.500.500.501,64,118
17 Aug 20150.480.480.480.480.488,95,251
14 Aug 20150.460.460.460.460.464,64,031
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
25 Oct 2013Price move–Between two trading sessions the price fell 47% or more, or rose 90% or more. No corporate action is on record. Earlier prices are not shown.
Where an event has no factor that can be worked out, the chart leaves out the closes before it.

Company details

BSE code
509499
ISIN
INE450L01024
Industry
Industrial Products
CIN
L28931MH1949PLC007928
Corporate identity number, the registrar of companies' code for it
Incorporated
1949
Registered office
21, FIoor-2, 741 -78, Prem Court, Dr. Gopalrao Deshmukh Marg, Cumballa Hill, Mumbai 400026, Maharashtra
Share registrar
Adroit Corporate Services Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments