Proaim Enterprises (Delisted) share price

BSE: 512105

Proaim Enterprises Limited · Face value ₹10 · Listed Jul 1985

Last traded ₹0.50 on 31 Aug 2020

Delisted on 13 Jan 2021.

Last announcements

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

  1. Aug 2020

Share price history

Daily closes since Nov 2013, adjusted for splits and bonuses. Earlier closes are left out: on 21 Nov 2013 the price changed in a way no corporate action on record explains.

Daily close, ₹ per share

Results for the quarter to Mar 2020

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

Net profit
−₹0.26 Cr

From revenue to net profit, ₹ crore

  1. Employee costs0.0
  2. Other expenses−0.4
  3. Depreciation0.0
  4. Other income+0.4
  5. Finance costs−0.2
  6. Profit before tax−0.2
  7. Tax0.0
  8. Net profit−0.3

Proaim Enterprises results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Mar 2020. Results for the quarter to Jun 2020 were due by 14 Aug 2020, 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
0.9−0.2Jun 170.10.0Sep 170.20.3Dec 174.60.0Mar 180−1.0Jun 1800.0Sep 180.40.2Dec 182.2−0.5Mar 190.4−0.1Jun 190.30.2Sep 190.30.3Dec 19−0.3Mar 20
Peak revenue ₹4.60 Cr, quarter to Mar 2018; lowest ₹0.00 Cr, quarter to Jun 2018A loss in the quarter to Mar 2020, −₹0.26 Cr

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
144.3%−33.1%50.5%16.9%−33.1%75.7%93.5%−27.3%8.5%144.3%−0.9%51.8%−24.6%−32.9%75.7%93.9%Jun 17Dec 17Jun 18Dec 18Jun 19Dec 19Mar 20
₹ croreJun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Q1Sep 2018Dec 2018Q3Mar 2019Jun 2019Q1Sep 2019Dec 2019Q3Mar 2020
Revenue from operations0.270.300.29–2.284.460.350.720.860.140.174.600.000.000.422.190.410.310.28–
––––––––––––1.320.410.211.820.550.080.020.44
Materials and goods bought–−0.020.73–1.925.20–0.240.84––5.000.000.000.001.750.000.000.000.00
Employee costs––––––––––––0.020.020.020.020.020.030.01−0.01
Other expenses––––––––––––1.300.390.190.040.530.050.010.45
Operating profit before depreciation––––––––––––−1.32−0.410.210.37−0.140.240.26–
Operating margin––––––––––––––50.5%16.9%−33.1%75.7%93.5%–
Depreciation and amortisation––––––––––––0.000.000.000.000.000.000.000.00
Other income–0.030.00–––0.000.000.010.140.192.030.300.450.010.000.000.000.000.40
Finance costs–––––––0.04–––0.300.000.000.000.300.000.000.000.21
One-off items––––––––––––0.000.000.000.000.000.000.000.00
Profit before tax0.15−1.57−0.50–0.28−0.800.160.38−0.240.010.25−0.05−1.020.040.220.07−0.130.240.26−0.25
0.03––––––−0.30–––−0.010.000.000.000.600.000.000.000.02
Tax rate21.1%––––––−78.2%–––––0.0%0.0%886.3%–0.0%0.0%–
Net profit0.12−1.57−0.50–0.28−0.800.160.68−0.240.010.25−0.04−1.020.040.22−0.54−0.130.240.26−0.26
Other comprehensive income––––––––––––0.060.751.43−4.32−2.13−0.600.451.09
Total comprehensive income––––––––––––−0.960.781.65−4.85−2.27−0.370.710.83
Net margin44.3%−522.9%−171.0%–12.1%−18.0%45.9%94.5%−27.3%8.5%144.3%−0.9%––51.8%−24.6%−32.9%75.7%93.9%–
Earnings per share₹0.09––––––₹0.54–₹0.52₹0.01−₹0.59−₹0.76₹0.62₹1.30−₹3.84−₹1.79–₹0.56–
Earnings per share in rupees, restated for later splits and bonuses. No results on record for the quarter to Mar 2016.

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
280.7Mar 1114−0.3Mar 127.7−0.9Mar 137.4−0.2Mar 144.9−2.3Mar 15Mar 167.80.3Mar 175.80.0Mar 183.4−1.33.7Mar 190.13.6Mar 20
Peak revenue ₹28 Cr, year to Mar 2011; lowest ₹3.35 Cr, year to Mar 2019Back to profit in the year to Mar 2020, ₹0.10 Cr

Operating and net margin, per cent

  • Operating margin
  • Net margin
4.0%−47.4%−12.0%2.6%−1.9%−11.3%−2.0%−47.4%4.0%−0.2%−38.7%Mar 11Mar 13Mar 15Mar 17Mar 19Mar 20

Results for the year to Mar 2020

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

From revenue to net profit

  1. Employee costs0.0
  2. Other expenses−1.0
  3. Depreciation0.0
  4. Other income+1.4
  5. One-off items0.0
  6. Finance costs−0.2
  7. Profit before tax0.1
  8. Tax0.0
  9. Net profit0.1

What the company owns

  • Plant, investments and other assets₹23 Cr
  • Cash and bank₹4 Cr
  • Receivables₹0 Cr

What pays for it: net worth and liabilities

  • Net worth₹24 Cr
  • Borrowings₹4 Cr
  • Other liabilities₹0 Cr
  • Owed to suppliers₹0 Cr

Profit and loss

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

₹ croreMar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue from operations28.514.47.77.44.9–7.85.83.4–
––––––––3.81.1
Materials and goods bought–––7.24.8–7.55.81.80.0
Employee costs––––––––0.10.0
Other expenses––––––––1.91.0
Operating profit before depreciation––––––––−0.4–
Operating margin––––––––−12.0%–
Materials, % of revenue––––––––52.3%–
Employee costs, % of revenue––––––––2.4%–
Other expenses, % of revenue––––––––57.3%–
Depreciation and amortisation0.20.20.20.1––––0.00.0
Operating profit after depreciation––––––––−0.4–
Other income0.60.40.5–0.0–0.02.40.01.4
Finance costs––––0.0–0.00.30.30.2
One-off items––––––––0.00.0
Profit before tax1.1−0.3−0.9−0.2−2.3–0.00.0−0.70.1
0.30.00.0−0.10.0–−0.30.00.60.0
Net profit0.7−0.3−0.9−0.2−2.3–0.30.0−1.30.1
Other comprehensive income––––––––−2.11.1
Total comprehensive income––––––––−3.41.2
Net margin2.6%−1.9%−11.3%−2.0%−47.4%–4.0%−0.2%−38.7%–
Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the years to Mar 2011, Mar 2012, Mar 2013 and Mar 2014: 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 2015, Mar 2017 and Mar 2018: the statement does not state its depreciation, which operating profit is worked out from, so operating profit is not given. Revenue from operations, operating profit before depreciation and operating profit after depreciation are left blank for the year to Mar 2020: 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.
Earlier years, Mar 2008 to Mar 2010
₹ croreMar 2008Mar 2009Mar 2010
Revenue from operations0.050.071.13
Depreciation and amortisation––0.04
Other income0.55––
Profit before tax0.570.040.32
Tax0.060.010.03
Net profit0.510.030.28
Net margin956.6%38.0%25.1%
Standalone, ₹ crore, years to March.

Balance sheet

Standalone, ₹ crore, at 31 March.

₹ croreMar 2019Mar 2020
22.323.5
Share capital12.712.7
Reserves9.710.9
Borrowings3.73.6
3.73.6
0.30.2
Total assets26.327.3
6.97.9
19.419.4
Net debt1.3−0.7
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 2011, Mar 2012, Mar 2013, Mar 2014, Mar 2015, 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.

₹ per shareMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Earnings per share–−₹1.83–₹0.25−₹0.05−₹2.67₹0.97
Diluted earnings per share–−₹1.83–₹0.25−₹0.05−₹2.67₹0.97
Market cap at the year end (₹ crore)10.53.8–––––

Ratios

Standalone, years to March.

RatioMar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue growth–−49.3%−47.0%−3.8%−33.8%––−26.1%−42.0%–
Net profit growth161.3%–––––––––
Return on equity––––––––−5.8%–
Return on capital employed––––––––−1.5%–
Debt to equity––––––––0.160.15
Receivable days––––––––0–
Inventory days––––––––0–
Payable days––––––––3–
Cash conversion cycle, days––––––––−3–
Working capital days––––––––1,852–
Asset turnover––––––––0.13–
Assets per rupee of net worth––––––––1.181.17
Sales per rupee of plant––––––––905.850.00
Plant being built, % of plant in use––––––––0.0%–
Revenue growth is left blank for the year to Mar 2011: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out. Interest cover is left blank for the year to Mar 2019: operating profit after depreciation is a loss, and a loss covers no interest bill. Interest cover is left blank for the year to Mar 2020: 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. No balance sheet is on record for the years to Mar 2011, Mar 2012, 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 2020.

Return on assets, latest year
0.4%
Measure10 years5 years3 years
Profit growth, yearly rate−10.3%–−32.8%
Net margin, average––−19.5%
Debt to equity, average––0.16

Accounting checks

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

CheckMar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Altman Z-scorePublished threshold 1.1––––––––10.8811.76
Receivables growth less revenue growthOur threshold 0 percentage points–––––––––100.00
Effective tax ratePublished threshold 17.16 per cent30.91–––––−1,747.06––15.66
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 2020 the company reports one business segment, Finance, which carries all its revenue.

Where the return came from

Yearly rates to Mar 2020, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−69.8%––0.0%
3 years−41.7%+57.6%−63.0%0.0%
5 years−42.4%––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.

Proaim Enterprises share price by year

Each calendar year to 2020.

YearClose at year endChangeHighest closeLowest close
20200.50+61.3%0.500.19
20190.31−63.5%0.890.31
20180.85−2.3%0.970.85
20170.87−49.4%1.720.87
20161.72−23.6%2.251.72
20152.25−52.4%6.442.05
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. The close is the year's last trade for 2020 (31 Aug 2020) and 2017 (11 Dec 2017).

Recent sessions

The 10 trading days to 31 Aug 2020, as traded on BSE.

DateOpenHighLowCloseAverage priceVolume
31 Aug 20200.500.500.500.500.50100
28 Aug 20200.480.480.480.480.48200
26 Aug 20200.460.460.460.460.46100
21 Aug 20200.440.440.440.440.44100
20 Aug 20200.420.420.420.420.42200
19 Aug 20200.400.400.400.400.40185
18 Aug 20200.390.390.390.390.39155
17 Aug 20200.380.380.380.380.38100
14 Aug 20200.370.370.370.370.371,000
12 Aug 20200.360.360.360.360.36125
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
21 Nov 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.
16 Mar 2011Price move–Between two trading sessions the price fell 47% or more, or rose 90% or more. The company made an announcement in time for trading that day or the trading day before. Earlier prices are not shown.
24 Sep 2010Price 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.
7 Oct 2009Price 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
512105
ISIN
INE490J01032
CIN
L51900MH1984PLC034867
Corporate identity number, the registrar of companies' code for it
Incorporated
1984
Registered office
Unit No. 305, 3rd floor, Krishna Vishal Nagar Housing Society Ltd, Marve Road, Mith Chowki, Malad (W), Mumbai 400064, Maharashtra
Share registrar
Sharex Dynamic (India) Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments