Nicco Corporation share price

BSE: 590028Telecom - Equipment & Accessories

Nicco Corporation Ltd. · Face value ₹2 · Listed Oct 2004

Trading suspended since 19 Feb 2018

Last traded ₹0.50 on 4 Sep 2017

Latest announcements

Routine notices left out.

Jun 2020
- 18 Jun · Delisting
  Members of the Exchange are hereby notified that in terms of Regulations of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009, Section 21A of the Securities Contract (Regulations) Act, 1956, Securities Contract (Regulations) Rules, 1957 and Bye-Laws of the Exchange, it has been decided to delist (withdraw the admission to dealings in) equity shares of Nicco Corporation Limited (NICCO) w.e.f. July 10, 2020 as per SEBI (Delisting of Equity Shares) Regulations, 2009.
Mar 2020
- 4 Mar · Public Announcement - Delisting
  Members of the Exchange are hereby informed that the Exchange on March 03, 2020 has issued public notice in the newspaper for proposed delisting of equity shares of the company, in term of Regulation 22 (3) of SEBI (Delisting of Equity shares) Regulation, 2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/common/Corporate Announcements).
Nov 2017
- 22 Nov · Legal
  Exchange has sought clarification from Nicco Corporation Limited with respect to Non-compliance as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The response of the Company is attached.
- 22 Nov · Legal
  Exchange has sought clarification from Nicco Corporation Limited with respect to Non-compliance as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: -1. Financial Results not approved by Board. -2. Segment details not submitted The response of the Company is awaited.
- 16 Nov · Results
  Financial results for the period ended 30-Sep-2017.
Oct 2017
- 24 Oct · Updates
  Intimation of Order of NCLT, Kolkata Bench with respect to Liquidation Proceedings and appointment of Liquidation of Nicco Corporation Limited.

Results for the quarter to Mar 2015

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

Revenue: ₹6.11 Cr−89.0% on a year ago
Operating profit: −₹7.45 Cr
Net profit: −₹16 Cr
Operating margin: −121.9%
Net margin: −258.6%

From revenue to net profit, ₹ crore

Revenue6.1
Materials and goods−4.9
Employee costs−5.7
Other expenses−3.1
Operating profit−7.5
Depreciation−1.0
Other income+3.3
Finance costs−11
Profit before tax−16
Net profit−16

Nicco Corporation results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Mar 2015. Results for the quarter to Jun 2015 were due by 14 Aug 2015, 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

Peak revenue ₹77 Cr, quarter to Mar 2013; lowest ₹6.11 Cr, quarter to Mar 2015A loss in 8 of the 8 quarters with results on record

Operating and net margin by quarter, per cent

Operating margin
Net margin

₹ crore	Jun 2010	Sep 2010	Dec 2010	Mar 2011	Jun 2011	Sep 2011	Dec 2011	Mar 2012	Jun 2012	Sep 2012	Dec 2012	Mar 2013	Jun 2013	Sep 2013	Dec 2013	Mar 2014	Jun 2014	Sep 2014	Dec 2014	Mar 2015
Revenue from operations	57.1	74.4	70.2	88.2	74.9	87.0	55.5	71.5	52.2	50.0	–	77.2	52.2	59.8	61.2	55.6	–	–	–	6.1
	58.9	72.3	67.6	86.1	65.5	76.9	52.3	65.9	–	50.7	–	65.3	50.2	52.5	56.4	57.5	–	–	–	13.6
Materials and goods bought	40.6	52.5	48.6	65.3	49.2	59.7	36.6	37.4	35.4	33.2	–	43.5	32.3	34.4	35.8	38.2	–	–	–	4.9
Employee costs	7.5	7.8	7.6	6.8	7.2	7.5	7.3	7.4	–	7.4	–	8.2	7.1	6.9	8.5	7.5	–	–	–	5.7
Other expenses	10.8	12.1	11.4	14.0	9.1	9.7	8.4	21.1	–	10.0	–	13.6	10.8	11.2	12.1	11.8	–	–	–	3.1
Operating profit before depreciation	−1.8	2.1	2.7	2.1	9.4	10.1	3.3	5.6	–	−0.7	–	11.9	2.0	7.3	4.7	−1.9	–	–	–	−7.5
Operating margin	−3.1%	2.8%	3.8%	2.4%	12.6%	11.6%	5.9%	7.8%	–	−1.4%	–	15.4%	3.8%	12.2%	7.7%	−3.4%	–	–	–	−121.9%
Depreciation and amortisation	1.8	1.8	1.8	1.7	1.7	1.7	1.6	1.6	–	1.6	–	1.6	1.6	1.5	1.6	1.5	–	–	–	1.0
Other income	0.2	7.1	0.5	0.4	0.9	0.5	0.2	0.7	0.3	0.4	–	0.4	0.7	0.8	0.5	1.3	–	–	–	3.3
Finance costs	6.0	6.4	6.1	8.8	6.9	7.6	7.8	10.2	9.3	10.6	–	10.1	10.7	10.5	10.6	10.4	–	–	–	10.7
Profit before tax	−9.3	1.0	−4.8	−8.0	1.7	1.4	−5.9	−5.4	−10.5	−12.5	–	0.6	−9.5	−4.0	−6.9	−12.5	–	–	–	−15.8
Tax	−0.1	0.0	–	−5.7	0.6	0.9	–	−8.6	–	–	–	–	–	–	–	–	–	–	–	–
Tax rate	–	−2.1%	–	–	33.9%	64.5%	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Net profit	−9.3	1.0	−4.8	−2.4	1.1	0.5	−5.9	−7.4	−10.5	−12.5	–	−2.5	−9.5	−4.0	−6.9	−12.5	–	–	–	−15.8
Net margin	−16.2%	1.3%	−6.8%	−2.7%	1.5%	0.6%	−10.6%	−10.4%	−20.2%	−25.1%	–	−3.3%	−18.2%	−6.7%	−11.2%	−22.4%	–	–	–	−258.6%

Earnings per share in rupees, restated for later splits and bonuses. No results on record for the quarters to Dec 2012, Jun 2014, Sep 2014 and Dec 2014.

8 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

Peak revenue ₹436 Cr, year to Mar 2008; lowest ₹96 Cr, year to Mar 2015A loss in 7 of the 8 years shown

Operating and net margin, per cent

Results for the year to Mar 2015

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

From revenue to net profit

Revenue96
Materials and goods−65
Employee costs−25
Other expenses−22
Operating profit−16
Depreciation−4.2
Other income+7.2
One-off items+9.5
Finance costs−43
Profit before tax−46
Net profit−46

Profit and loss

Standalone, ₹ crore, years to March.

₹ crore	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015
Revenue from operations	436	341	308	290	289	250	228	96
	399	358	335	285	256	226	220	112
Materials and goods bought	322	260	259	207	183	154	141	65
Employee costs	–	32	27	30	29	31	32	25
Other expenses	–	66	50	48	44	41	46	22
Operating profit before depreciation	36	−17	−28	5	33	24	8	−16
Operating margin	8.3%	−4.9%	−9.0%	1.8%	11.4%	9.7%	3.7%	−16.1%
Materials, % of revenue	–	76.2%	84.1%	71.4%	63.3%	61.5%	61.8%	67.5%
Employee costs, % of revenue	–	9.3%	8.8%	10.2%	10.2%	12.5%	14.2%	25.6%
Other expenses, % of revenue	–	19.4%	16.1%	16.6%	15.2%	16.3%	20.3%	23.0%
Depreciation and amortisation	8	8	8	7	7	6	6	4
Operating profit after depreciation	28	−25	−35	−2	26	18	2	−20
Other income	3	1	3	2	2	1	7	7
Finance costs	18	28	24	27	37	41	42	43
Profit before one-off items and tax	–	−52	−56	−28	−9	−22	−33	−56
One-off items	−1	0	–	–	–	–	–	10
Profit before tax	13	−52	−56	−28	−9	−22	−33	−46
Tax	6	1	−12	−6	−7	–	–	–
Net profit	6	−53	−43	−15	−12	−25	−33	−46
Net margin	1.5%	−15.5%	−14.0%	−5.3%	−4.0%	−10.0%	−14.4%	−48.4%

Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the year to Mar 2008 they do not, so they are left blank.

Standalone, ₹ per share, years to March.

₹ per share	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015
	–	–	–	–	–	–	–	–
As stated that year	₹0.59	−₹5.95	−₹4.83	–	−₹0.24	−₹2.00	−₹2.73	−₹3.61
	–	–	–	–	–	–	–	–
As stated that year	₹0.59	−₹5.95	−₹4.83	–	−₹0.24	−₹2.00	−₹2.73	–
Market cap at the year end (₹ crore)	–	37.2	47.2	33.0	17.3	6.9	8.2	7.3

Every year is restated for later splits and bonuses, so they do not break the line. The figure the company stated that year is under each line it differs from.

Ratios

Standalone, years to March.

Ratio	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015
Revenue growth	–	−21.7%	−9.8%	−5.7%	−0.4%	−13.3%	−9.0%	−57.9%
Operating profit growth	–	–	–	–	545.6%	−25.9%	−65.2%	–
Interest cover	1.6	–	–	–	0.7	0.4	0.1	–

Interest cover is left blank for the years to Mar 2009, Mar 2010, Mar 2011 and Mar 2015: operating profit after depreciation is a loss, and a loss covers no interest bill.

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 2015.

Measure	5 years	3 years
Revenue growth, yearly rate	−20.8%	−30.7%
Operating margin, average	2.1%	−0.9%
Net margin, average	−16.4%	−24.3%
Interest cover, average	–	0.2