Solid Containers (Delisted) share price

BSE: 502460Paper, Forest & Jute Products

Solid Containers Ltd. · Face value ₹10 · Listed Sep 1968

Last traded ₹44.00 on 9 Mar 2022

Delisted on 21 Mar 2022.

Last announcements

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

Share price history

Daily closes since Apr 2010, adjusted for splits and bonuses

Daily close, ₹ per share

Q3 results, quarter to Dec 2021

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

Revenue
₹0.09 Cr
Operating profit
−₹0.19 Cr
Net profit
−₹0.53 Cr
Earnings per share
−₹1.21
Operating margin
−207.2%
Net margin
−590.5%

From revenue to net profit, ₹ crore

  1. Revenue0.1
  2. Employee costs−0.1
  3. Other expenses−0.2
  4. Operating profit−0.2
  5. Depreciation0.0
  6. Other income0.0
  7. Finance costs−0.3
  8. Profit before tax−0.5
  9. Tax0.0
  10. Net profit−0.5

Solid Containers results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Dec 2021. Results for the quarter to Mar 2022 were due by 30 May 2022, 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
0.0−0.9Mar 190−1.3Jun 190−0.6Sep 190−1.1Dec 190−1.1Mar 20−1.1Jun 200.10.1Sep 20−0.8Dec 20−0.5Mar 210−0.6Jun 210−0.5Sep 210.1−0.5Dec 21
Peak revenue ₹0.09 Cr, quarter to Dec 2021; lowest ₹0.00 Cr, quarter to Jun 2019A loss in 11 of the 12 quarters shown

Operating and net margin by quarter, per cent

  • Operating margin
  • Net margin
73.9%−2,735.3%−303.0%−53.3%−207.2%−2,735.3%73.9%−590.5%Mar 19Sep 19Mar 20Sep 20Mar 21Sep 21Dec 21
₹ croreMar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Q1Sep 2018Dec 2018Q3Filed 14 FebMar 2019Jun 2019Q1Sep 2019Dec 2019Q3Mar 2020Jun 2020Q1Sep 2020Dec 2020Q3Mar 2021Jun 2021Q1Sep 2021Dec 2021Q3
Revenue from operations0.010.010.010.010.010.000.000.000.030.000.000.000.00–0.08––0.000.000.09
0.110.120.100.180.340.160.100.120.130.260.070.130.190.120.130.360.140.310.240.28
Materials and goods bought–––––0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Employee costs0.040.030.020.030.030.030.030.030.040.040.040.040.050.040.050.070.100.100.100.10
Other expenses0.020.090.080.150.310.130.070.090.100.230.030.090.140.080.080.290.030.210.140.18
Operating profit before depreciation−0.10−0.11−0.09−0.17−0.33−0.16−0.10−0.12−0.10−0.26−0.07−0.13−0.19–−0.04––−0.31−0.24−0.19
Operating margin−1,000.0%−1,100.0%−900.0%−1,700.0%−3,300.0%–––−303.0%–––––−53.3%––––−207.2%
Depreciation and amortisation0.030.040.040.040.040.040.040.040.040.040.040.040.040.040.040.040.030.030.030.03
Other income0.010.010.010.010.010.040.080.010.000.000.390.090.080.080.000.080.090.080.090.00
Finance costs0.470.510.520.560.500.560.390.650.771.020.920.990.971.01−0.150.440.430.340.320.32
One-off items–––––0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Profit before tax−0.60−0.66−0.65−0.77−0.87−0.73−0.45−0.79−0.91−1.33−0.64−1.07−1.12−1.080.06−0.76−0.51−0.59−0.50−0.53
Tax–––––0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Tax rate––––––––––––––0.0%–––––
Net profit−0.60−0.66−0.65−0.77−0.87−0.73−0.45−0.79−0.91−1.33−0.64−1.07−1.12−1.080.06−0.76−0.51−0.59−0.50−0.53
Other comprehensive income–––––0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Total comprehensive income–––––−0.73−0.45−0.79−0.91−1.33−0.64−1.07−1.12−1.080.06−0.76−0.51−0.59−0.50−0.53
Net margin−6,000.0%−6,600.0%−6,500.0%−7,700.0%−8,700.0%–––−2,735.3%–––––73.9%––––−590.5%
Earnings per share−₹3.61−₹3.81−₹3.82−₹4.23−₹4.62−₹4.08−₹3.07−₹4.33−₹14.52−₹3.88−₹4.04−₹4.99−₹6.80−₹6.66–−₹5.18−₹4.06−₹2.72−₹2.26−₹1.21
Earnings per share in rupees, restated for later splits and bonuses.

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
−2.1Mar 12−2.2Mar 13−2.4Mar 14Mar 15−2.9Mar 160.0−2.5Mar 170.0−3.0Mar 180.1−4.855Mar 190−3.359Mar 20−2.361Mar 21
Peak revenue ₹0.13 Cr, year to Mar 2019; lowest ₹0.00 Cr, year to Mar 2020A loss in 9 of the 9 years with results on record

Operating and net margin, per cent

  • Operating margin
  • Net margin
−448.5%−9,833.3%−1,433.3%−2,433.3%−448.5%−8,200.0%−9,833.3%−3,624.2%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. Employee costs−0.4
  2. Other expenses−0.4
  3. Depreciation−0.1
  4. Other income+0.3
  5. One-off items0.0
  6. Finance costs−1.7
  7. Profit before tax−2.3
  8. Tax0.0
  9. Net profit−2.3

What the company owns

  • Plant, investments and other assets₹5 Cr
  • Cash and bank₹0 Cr

What pays for it: net worth and liabilities

  • Borrowings₹61 Cr

Profit and loss

Standalone, ₹ crore, years to March. No results on record for the year to Mar 2015.

₹ croreMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue from operations–––––0.030.030.130.00–
–––––0.460.760.730.660.74
Materials and goods bought–––––––0.000.000.00
Employee costs––––––0.120.130.170.39
Other expenses––––––0.640.600.480.36
Operating profit before depreciation–––––−0.43−0.73−0.59−0.66–
Operating margin–––––−1,433.3%−2,433.3%−448.5%––
Materials, % of revenue–––––––0.0%––
Employee costs, % of revenue––––––400.0%94.4%––
Other expenses, % of revenue––––––2,133.3%454.1%––
Depreciation and amortisation0.130.130.13–0.150.150.150.160.160.11
Operating profit after depreciation–––––−0.58−0.88−0.75−0.81–
Other income0.030.040.03–0.030.030.030.000.580.34
Finance costs1.581.711.85–2.141.882.074.053.081.74
One-off items–––––––0.000.000.00
Profit before tax−2.07−2.24−2.37–−2.85−2.46−2.95−4.80−3.32−2.26
Tax–––––––0.000.000.00
Net profit−2.07−2.24−2.37–−2.85−2.46−2.95−4.80−3.32−2.26
Other comprehensive income–––––––0.000.000.00
Total comprehensive income–––––––−4.80−3.32−2.26
Net margin–––––−8,200.0%−9,833.3%−3,624.2%––
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2017 and Mar 2018 they do not, so they are left blank. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the years to Mar 2012, Mar 2013, Mar 2014 and Mar 2016: the statement does not state its revenue, 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 2021: 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 2011
₹ croreMar 2008Mar 2009Mar 2010Mar 2011
Revenue from operations0.13–––
Depreciation and amortisation0.310.130.130.13
Other income0.130.040.040.03
Finance costs1.681.771.861.45
Profit before tax−6.04−2.17−2.31−1.94
Tax––0.02–
Net profit−6.04−2.17−2.33−1.94
Net margin−4,646.2%–––
Standalone, ₹ crore, years to March.

Balance sheet

Standalone, ₹ crore, at 31 March. The last column is the half year to Sep 2021, after the latest full year: the balance sheet at its end.

₹ croreMar 2019Mar 2020Mar 2021Sep 2021Half year
−52.2−55.5−57.8−58.9
Share capital18.418.418.418.4
Reserves−70.6−73.9−76.1−77.2
Borrowings55.358.961.262.1
1.30.11.21.1
55.360.261.262.1
Total assets4.44.84.74.4
3.53.83.73.5
0.90.91.01.0
Net debt55.257.961.162.0
Borrowings are counted again inside the liabilities due within a year and after a year. Plant in use and plant being built are given for full years only. No balance sheet is on record for the years to Mar 2012, Mar 2013, Mar 2014, Mar 2016, Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Standalone, ₹ crore, years to March. The last column is the half year to Sep 2021, after the latest full year: the cash flow over its six months.

₹ croreMar 2021Sep 2021Half year
−4.27−0.50
−2.50−0.47
Of which working capital−0.24−0.09
Tax paid−0.03−0.03
Interest paid−1.740.00
Capital spending0.000.00
Free cash flow−4.27−0.50
Cash from investing0.000.00
0.650.48
Dividends paid0.000.00
Shares bought back0.000.00
Shares issued0.000.00
Net change in cash−3.63−0.03
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 2012, Mar 2013, Mar 2014, Mar 2016, Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Per share

Standalone, ₹ per share, years to March.

₹ per shareMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Earnings per share−₹13.24––––−₹14.67−₹16.49−₹52.00−₹11.00−₹17.16
Diluted earnings per share−₹13.24––––−₹14.67−₹16.49−₹52.00−₹11.00−₹17.16

Ratios

Standalone, years to March.

RatioMar 2018Mar 2019Mar 2020Mar 2021
Revenue growth0.0%341.7%−100.0%–
Return on equity–9.2%––
Return on capital employed–−24.3%−24.2%–
Receivable days–0––
Working capital days–−1,257––
Asset turnover–0.030.00–
Assets per rupee of net worth–−0.08−0.09−0.08
Sales per rupee of plant–0.050.000.00
Capital spending to depreciation–––0.00
Plant being built, % of plant in use–0.0%–0.0%
Interest cover is left blank for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020: operating profit after depreciation is a loss, and a loss covers no interest bill. Debt to equity is left blank for the years to Mar 2019, Mar 2020 and Mar 2021: net worth is below zero, so there is no shareholders' money to set the borrowings against. Interest cover is left blank for the year to Mar 2021: 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 2012, Mar 2013, Mar 2014, 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 2021.

Return on assets, latest year
−47.8%
Measure3 years
Return on capital employed, average−24.3%
Asset turnover, average0.02

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 2021.

₹ croreLatest year
Cash from operations−4.27
Cash from investing0.00
Cash from financing0.65
Capital spending0.00
Dividends paid0.00
Shares bought back0.00
Shares issued for cash0.00
Borrowings raised2.39
Borrowings repaid0.00

Accounting checks

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

CheckMar 2021
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets42.58
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, Paper & Paper Products, which carries all its revenue.

Solid Containers share price by year

Each calendar year to 2022.

YearClose at year endChangeHighest closeLowest close
202244.00−6.1%47.2541.55
202146.85+70.4%57.7528.85
202027.50−8.3%36.0527.50
201930.00+303.2%32.657.81
20187.44+10.1%7.447.09
20156.76+10.1%6.766.44
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2021 is from its first session, 4 May 2021. 2019 is from its first session, 22 Mar 2019. 2018 is from its first session, 14 Sep 2018. 2015 is from its first session, 21 Apr 2015. The change in 2018 is on the close at the end of 2015, the last year before it with a trade. The change in 2015 is on the close at the end of 2013, the last year before it with a trade. The close is the year's last trade for 2022 (9 Mar 2022), 2018 (31 Oct 2018) and 2015 (26 Oct 2015).

Recent sessions

The 10 trading days to 9 Mar 2022, as traded on BSE.

DateOpenHighLowCloseAverage priceVolume
9 Mar 202244.0044.0044.0044.0044.00732
7 Mar 202245.0045.0044.0544.0544.06908
4 Mar 202244.8544.8544.8544.8544.8540
3 Mar 202245.0045.0043.5543.55–51
25 Feb 202243.5543.5543.5543.5543.5510
24 Feb 202243.5543.5543.5543.5543.5510
22 Feb 202245.5045.5045.5045.5045.50175
18 Feb 202246.0046.0046.0046.0046.00108
16 Feb 202246.3046.3045.0045.0046.30707
15 Feb 202246.2046.2044.1044.1046.191,048
Prices in ₹ per share as traded, not adjusted.

Company details

BSE code
502460
ISIN
INE134U01017
Industry
Paper, Forest & Jute Products
CIN
L28100MH1964PLC013064
Corporate identity number, the registrar of companies' code for it
Incorporated
1964
Registered office
2006, Fossberry Road, Near ICI Ltd, Reay Road (E), Mumbai 400033, Maharashtra
Share registrar
Bigshare Services Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments