Maplle Infraprojects (Delisted) results and financials

BSE: 531200Chemicals & Petrochemicals

Maplle Infraprojects Ltd. · Face value ₹10 · Listed Nov 1995

Delisted on 3 Nov 2023.

Last announcements

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

Results for the quarter to Mar 2021

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

Revenue
₹0.77 Cr+111.0% on the quarter before
Operating profit
₹0.58 Cr
Net profit
₹0.37 Cr
Earnings per share
₹0.70
Operating margin
75.5%
Net margin
47.3%

From revenue to net profit, ₹ crore

  1. Revenue0.8
  2. Materials and goods−0.1
  3. Employee costs0.0
  4. Other expenses0.0
  5. Operating profit0.6
  6. Depreciation0.0
  7. Other income0.0
  8. Finance costs−0.2
  9. Profit before tax0.3
  10. Tax+0.1
  11. Net profit0.4

Maplle Infraprojects results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Mar 2021. Results for the quarter to Jun 2021 were due by 14 Aug 2021, 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
0.3−1.3Jun 180.7−1.5Sep 181.0−0.5Dec 181.32.6Mar 190.6−1.2Jun 190.5−1.3Sep 192.60.7Dec 19Mar 200.2−0.4Jun 200.3−0.4Sep 200.4−0.3Dec 200.80.4Mar 21
Peak revenue ₹2.63 Cr, quarter to Dec 2019; lowest ₹0.23 Cr, quarter to Jun 2020Back to profit in the quarter to Mar 2021, ₹0.37 Cr

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
197.1%−381.0%−265.3%−213.4%−33.3%193.1%−161.2%−182.0%31.9%−125.4%−93.1%−77.0%75.5%−381.0%−216.4%−53.1%197.1%−196.9%−241.6%25.8%−153.6%−116.3%−95.4%47.3%Jun 18Dec 18Jun 19Dec 19Jun 20Dec 20Mar 21
₹ croreMar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Q1Sep 2018Dec 2018Q3Mar 2019Jun 2019Q1Sep 2019Dec 2019Q3Mar 2020Jun 2020Q1Sep 2020Dec 2020Q3Mar 2021
Revenue from operations2.552.48−6.55−1.43–0.330.720.971.330.600.522.63–0.230.310.370.77
2.592.03–––1.212.241.29−1.241.561.471.79–0.530.590.650.19
Materials and goods bought–1.792.44––0.941.971.01−1.511.291.241.59–0.490.530.610.10
Employee costs–0.15–––0.090.100.090.100.150.150.16–0.020.030.030.05
Other expenses–0.09–––0.180.170.190.160.120.080.04–0.010.030.010.05
Operating profit before depreciation−0.040.45–––−0.88−1.53−0.322.56−0.96−0.950.84–−0.29−0.28−0.280.58
Operating margin−1.5%18.0%–––−265.3%−213.4%−33.3%193.1%−161.2%−182.0%31.9%–−125.4%−93.1%−77.0%75.5%
Depreciation and amortisation0.040.04−0.04−0.04–0.040.040.040.040.050.040.04–0.040.040.040.04
Other income0.000.00–0.00–0.000.000.000.000.000.000.00–0.000.000.000.00
Finance costs0.030.05−0.36−0.32–0.26−0.020.150.040.120.120.12–0.020.030.020.25
Profit before one-off items and tax−0.120.35−4.800.77–−1.18−1.55−0.512.48−1.13−1.120.68–−0.36−0.35−0.350.30
One-off items0.01––––0.000.000.000.000.000.000.00–0.000.000.000.00
Profit before tax−0.110.35−4.800.77–−1.18−1.55−0.512.48−1.13−1.120.68–−0.36−0.35−0.350.30
0.06––––0.080.000.00−0.140.050.150.00–0.000.000.00−0.07
Tax rate––––––––−5.6%––0.0%––––−23.7%
Net profit−0.170.35−4.800.77–−1.26−1.55−0.512.62−1.18−1.260.68–−0.36−0.35−0.350.37
Net margin−6.7%14.3%73.3%−53.9%–−381.0%−216.4%−53.1%197.1%−196.9%−241.6%25.8%–−153.6%−116.3%−95.4%47.3%
Earnings per share–₹0.67−₹9.13₹1.46–−₹2.40−₹2.94−₹10.29₹4.97−₹2.24−₹2.40₹1.29–−₹0.68−₹0.67−₹0.67₹0.70
Earnings per share in rupees, restated for later splits and bonuses. No results on record for the quarters to Jun 2016, Sep 2016, Dec 2016, Mar 2018 and Mar 2020.

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
0.60.0Mar 120.40.0Mar 13Mar 14Mar 15Mar 168.50.2Mar 17Mar 183.3−0.710Mar 19Mar 201.7−0.713Mar 21
Peak revenue ₹8.50 Cr, year to Mar 2017; lowest ₹0.36 Cr, year to Mar 2013A loss in 2 of the 5 years with results on record

Operating and net margin, per cent

  • Operating margin
  • Net margin
27.8%−41.5%27.8%−0.7%6.7%−4.9%−16.4%4.2%7.5%2.0%−19.5%−41.5%Mar 12Mar 14Mar 16Mar 18Mar 20Mar 21

Results for the year to Mar 2021

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

From revenue to net profit

  1. Revenue1.7
  2. Materials and goods−1.7
  3. Employee costs−0.1
  4. Other expenses−0.1
  5. Operating profit−0.3
  6. Depreciation−0.2
  7. Other income0.0
  8. One-off items0.0
  9. Finance costs−0.3
  10. Profit before tax−0.8
  11. Tax+0.1
  12. Net profit−0.7

What the company owns

  • Receivables₹14 Cr
  • Inventory₹12 Cr
  • Plant, investments and other assets₹3 Cr
  • Cash and bank₹0 Cr

What pays for it: net worth and liabilities

  • Borrowings₹13 Cr
  • Other liabilities₹10 Cr
  • Owed to suppliers₹6 Cr
  • Net worth₹0 Cr

Profit and loss

Standalone, ₹ crore, years to March. No results on record for the years to Mar 2014, Mar 2015, Mar 2016, Mar 2018 and Mar 2020.

₹ croreMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue from operations0.600.36–––8.50–3.34–1.68
0.430.36–––7.93–3.50–1.96
Materials and goods bought–––––––2.41–1.72
Employee costs0.060.14–––––0.38–0.13
Other expenses0.360.28–––––0.70–0.11
Operating profit before depreciation0.170.00–––0.57–−0.16–−0.28
Operating margin27.8%−0.7%–––6.7%–−4.9%–−16.4%
Materials, % of revenue–––––––72.3%–102.5%
Employee costs, % of revenue10.7%39.9%–––––11.5%–7.5%
Other expenses, % of revenue60.0%76.8%–––––21.1%–6.4%
Depreciation and amortisation0.040.02–––0.18–0.18–0.18
Operating profit after depreciation0.12−0.02–––0.39–−0.34–−0.45
Other income0.010.18–––0.00–0.00–0.00
Finance costs0.030.06–––0.16–0.37–0.32
Profit before one-off items and tax0.070.05–––0.23–−0.71–−0.77
One-off items0.01––––0.01–0.00–0.00
Profit before tax0.080.05–––0.23–−0.71–−0.77
0.050.02–––0.06–−0.06–−0.07
Net profit0.030.03–––0.17–−0.65–−0.70
Net margin4.2%7.5%–––2.0%–−19.5%–−41.5%
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2012, Mar 2013 and Mar 2017 they do not, so they are left blank.
Earlier years, Mar 2008 to Mar 2011
₹ croreMar 2008Mar 2009Mar 2010Mar 2011
Revenue from operations2.804.331.221.61
Operating expenses2.634.581.211.56
Operating profit before depreciation0.17−0.260.010.04
Operating margin6.2%−5.9%0.6%2.6%
Depreciation and amortisation0.020.020.010.01
Operating profit after depreciation0.16−0.27−0.010.03
Other income0.030.040.130.13
Finance costs0.020.040.030.04
Profit before tax0.16−0.310.060.07
0.05−0.110.040.05
Current tax0.02–0.01–
Deferred tax0.02–0.03–
Net profit0.11−0.200.020.02
Net margin3.9%−4.5%1.8%1.2%
Standalone, ₹ crore, years to March.

Balance sheet

Standalone, ₹ crore, at 31 March.

₹ croreMar 2019Mar 2020Mar 2021
2.3–0.4
Share capital5.3–5.3
Reserves−3.0–−4.8
10.4–13.4
25.6–28.7
Liabilities due after a year0.5–0.3
Total assets28.5–29.4
1.7–1.8
26.8–27.6
Net debt10.4–13.3
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 2012, Mar 2013 and Mar 2017, so its lines and the ratios worked from it are blank there.

Per share

Standalone, ₹ per share, years to March.

₹ per shareMar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Earnings per share₹0.32–−₹0.98–−₹1.33
Diluted earnings per share₹0.32–−₹0.98–−₹1.33
Book value per share––––₹0.78

Ratios

Standalone, years to March.

RatioMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue growth−62.6%−40.0%––––––––
Operating profit growth293.9%–––––––––
Net profit growth31.6%8.0%––––––––
Return on equity–––––––−28.4%–−169.8%
Return on capital employed–––––––−2.7%–−3.3%
Interest cover3.7––––2.3––––
Debt to equity–––––––4.53–32.49
Receivable days–––––––1,320–3,021
Inventory days–––––––2,031–2,621
Payable days–––––––500–1,294
Cash conversion cycle, days–––––––2,850–4,348
Working capital days–––––––1,199–2,598
Asset turnover–––––––0.12–0.06
Assets per rupee of net worth–––––––12.41–71.49
Sales per rupee of plant–––––––3.69–3.03
Plant being built, % of plant in use–––––––––0.0%
Interest cover is left blank for the years to Mar 2013, Mar 2019 and Mar 2021: 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 2012, Mar 2013 and Mar 2017, 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 2021.

Return on assets, latest year
−2.4%
Measure10 years5 years3 years
Revenue growth, yearly rate0.5%––
Return on equity, average––−99.1%
Return on capital employed, average––−3.0%
Operating margin, average––−10.6%
Net margin, average––−30.5%
Asset turnover, average––0.09
Cash conversion cycle, days, average––3,599
Debt to equity, average––18.51

Accounting checks

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

CheckMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Effective tax ratePublished threshold 17.16 per cent67.1137.78–––27.16––––
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 2021 the company reports one business segment, REAL ESTATE, which carries all its revenue.

Company details

BSE code
531200
ISIN
INE809D01010
Industry
Chemicals & Petrochemicals
CIN
L25209MH1988PLC048084
Corporate identity number, the registrar of companies' code for it
Incorporated
1988
Registered office
G 1, Parekh Plaza, Vallabhbhai Road, Vile Parle (W), Mumbai 400056, Maharashtra
Share registrar
Adroit Corporate Services Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments