Titagarh Steels (Delisted) share price
BSE: 500416
Titagarh Steels Limited · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Jun 1994
Last traded ₹12.03 on 6 Jan 2010
Delisted on 8 Mar 2010.
Results for the quarter to Sep 2009
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
- RevenueRevenue from operations. Money earned from selling the company's goods and services in the period. Revenue from operations in the glossary
- ₹18 Cr−25.3% on a year ago · +9.7% on the quarter beforeChange on a year ago and on the quarter before. The change against the same quarter a year before: (this quarter's figure less that quarter's) divided by that quarter's, times 100. The change on the quarter before is the same sum against the quarter just before, taken as this quarter's results restate it where the company restated it: this quarter's year to date less this quarter. Left out where either figure is a loss, where the restatement covers two or more earlier quarters without saying which, or across a change of basis named under the table, on the lines it affects.
- Operating profitOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. Operating profit before depreciation (EBITDA) in the glossary
- ₹1.24 Cr−28.9% on a year ago · +1.3% on the quarter before
- Net profitNet profit. What is left of revenue and other income after every cost, interest and tax. Net profit in the glossary
- ₹0.48 Cr−50.8% on a year ago · −1.2% on the quarter before
- Operating margin
- 6.7%
- Net margin
- 2.6%
From revenue to net profit, ₹ crore
- Revenue18
- Operating expenses−17
- Operating profit1.2
- Depreciation−0.2
- Other income0.0
- Finance costs−0.6
- Profit before tax0.5
- Net profit0.5
Titagarh Steels results by quarter
Standalone: the listed company alone, without its subsidiaries. Latest quarter to Sep 2009. Results for the quarter to Dec 2009 were due by 14 Feb 2010, 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 ₹25 Cr, quarter to Sep 2008; lowest ₹17 Cr, quarter to Jun 2009A loss in 2 of the 9 quarters shown
Operating and net margin by quarter, per cent
- Operating margin
- Net margin
| ₹ crore | Sep 2007 | Dec 2007 | Mar 2008 | Jun 2008 | Sep 2008 | Dec 2008 | Mar 2009 | Jun 2009 | Sep 2009 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 21.0 | 19.3 | 23.1 | 22.7 | 24.6 | 21.4 | 21.9 | 16.7 | 18.3 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. Operating expenses in the glossary | 19.7 | 19.1 | 21.0 | 21.2 | 22.8 | 20.3 | 21.1 | 15.5 | 17.1 |
| Materials and goods boughtCost of materials and goods. Raw materials used and goods bought for resale in the period, adjusted for the change in stock held. Cost of materials and goods in the glossary | 18.2 | 17.5 | 17.2 | 18.8 | 21.5 | 19.7 | 14.7 | 8.8 | 7.1 |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. Employee costs in the glossary | 1.1 | – | – | 1.2 | – | – | – | – | – |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. Other expenses in the glossary | 0.5 | – | – | 1.2 | – | – | – | – | – |
| Operating profit before depreciation | 1.3 | 0.2 | 2.1 | 1.5 | 1.7 | 1.1 | 0.7 | 1.2 | 1.2 |
| Operating margin | 6.1% | 1.0% | 9.0% | 6.6% | 7.1% | 5.0% | 3.4% | 7.3% | 6.7% |
| Depreciation and amortisationDepreciation and amortisation. The part of the cost of plant, buildings and other long-lived assets charged against each year they are used. Depreciation and amortisation in the glossary | 0.2 | 0.2 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. Other income in the glossary | – | 0.4 | 0.2 | – | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. Finance costs in the glossary | 0.2 | 0.2 | 1.3 | 0.8 | 0.6 | 0.8 | 1.1 | 0.6 | 0.6 |
| Profit before one-off items and taxProfit before one-off items and tax. Profit before tax as it would be without the one-off items below it, as the company states it. Profit before one-off items and tax in the glossary | – | – | – | – | – | 0.1 | −0.6 | 0.5 | 0.5 |
| One-off itemsExceptional items. Gains or losses the company reports separately because they are not expected to recur, such as selling a business or writing down an asset. Exceptional items in the glossary | – | – | – | – | – | – | −9.2 | – | – |
| Profit before tax | 0.8 | 0.3 | 0.9 | 0.6 | 1.0 | 0.1 | −9.8 | 0.5 | 0.5 |
| Tax | 0.0 | 0.0 | 1.9 | 0.0 | 0.0 | 0.0 | −2.7 | 0.0 | – |
| Tax rateEffective tax rate. Tax charged as a percentage of profit before tax. Effective tax rate in the glossary | 1.2% | 3.8% | 207.9% | 1.7% | 1.0% | 9.1% | – | 2.0% | – |
| Net profit | 0.8 | 0.3 | −1.7 | 0.6 | 1.0 | 0.1 | −7.1 | 0.5 | 0.5 |
| Net margin | 4.0% | 1.3% | −7.3% | 2.5% | 4.0% | 0.5% | −32.7% | 2.9% | 2.6% |
| Earnings per shareEarnings per share. Profit belonging to shareholders divided by the number of shares, restated for later splits and bonuses so they do not break the line. Earnings per share in the glossary | ₹0.62 | ₹0.19 | −₹1.27 | – | – | – | – | – | – |
Earnings per share in rupees, restated for later splits and bonuses.
2 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 ₹91 Cr, year to Mar 2009; lowest ₹81 Cr, year to Mar 2008A loss in the year to Mar 2009, −₹5.51 Cr
Operating and net margin, per cent
- Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. Operating margin in the glossary
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
Results for the year to Mar 2009
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue91
- Operating expenses−85
- Operating profit5.1
- Depreciation−0.7
- Other income+0.1
- One-off items−9.2
- Finance costs−3.3
- Profit before tax−8.1
- Tax+2.6
- Net profit−5.5
Profit and loss
Standalone, ₹ crore, years to March. The last column is the twelve months to Sep 2009, the latest four quarters added.
| ₹ crore | Mar 2008 | Mar 2009 | Sep 2009Twelve months |
|---|---|---|---|
| Revenue from operations | 81.0 | 90.5 | 78.3 |
| 76.0 | 85.5 | 74.0 | |
| Materials and goods bought | 66.0 | 55.3 | 50.3 |
| Operating profit before depreciation | 5.0 | 5.1 | 4.3 |
| Operating margin | 6.2% | 5.6% | 5.4% |
| Depreciation and amortisation | 0.7 | 0.7 | 0.7 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. Operating profit after depreciation (EBIT) in the glossary | 4.3 | 4.3 | 3.5 |
| Other income | 0.7 | 0.1 | 0.1 |
| Finance costs | 2.0 | 3.3 | 3.1 |
| Profit before one-off items and tax | – | 1.1 | 0.5 |
| One-off items | – | −9.2 | – |
| Profit before tax | 3.0 | −8.1 | −8.7 |
| Tax | 1.9 | −2.6 | – |
| Net profit | 0.4 | −5.5 | −6.1 |
| Net margin | 0.4% | −6.1% | −7.8% |
Ratios
Standalone, years to March.
| Ratio | Mar 2008 | Mar 2009 |
|---|---|---|
| Revenue growthRevenue growth. This year's revenue less last year's, divided by last year's, times 100; blank where last year's is not above nought. Revenue growth in the glossary | – | 11.7% |
| Operating profit growthOperating profit growth. This year's operating profit before depreciation less last year's, divided by last year's, times 100; blank where last year's is not above nought. Operating profit growth in the glossary | – | 0.9% |
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. Interest cover in the glossary | 2.1 | 1.3 |
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 2009.
| Measure | 3 years |
|---|---|
| Operating margin, averageOperating margin, average. 3 years: The plain average of the yearly operating profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly operating profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly operating profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 5.9% |
| Net margin, averageNet margin, average. 3 years: The plain average of the yearly net profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly net profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly net profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | −2.8% |
| Interest cover, averageInterest cover, average. 3 years: The plain average of the yearly interest cover over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly interest cover over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly interest cover over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 1.7 |
Accounting checks
Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Mar 2008 | Mar 2009 |
|---|---|---|
| Effective tax ratePublished threshold 17.16 per cent | 63.18 | – |
A threshold marked as ours has no published figure; it is the line we read the check against.
Where the return came from
Yearly rates to Mar 2009, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −74.4% | – | – | 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.
Recent sessions
The 10 trading days to 6 Jan 2010, as traded on BSE.
| Date | Open | High | Low | Close | Average price | Volume |
|---|---|---|---|---|---|---|
| 6 Jan 2010 | 12.25 | 12.30 | 12.00 | 12.03 | 12.08 | 5,385 |
| 5 Jan 2010 | 12.99 | 12.99 | 12.01 | 12.28 | 12.50 | 12,233 |
| 4 Jan 2010 | 12.99 | 13.06 | 12.01 | 12.49 | 12.66 | 38,034 |
| 31 Dec 2009 | 12.44 | 12.44 | 11.75 | 12.44 | 12.41 | 77,792 |
| 30 Dec 2009 | 11.85 | 11.85 | 11.85 | 11.85 | 11.85 | 5,311 |
| 29 Dec 2009 | 10.87 | 11.29 | 10.55 | 11.29 | 11.21 | 33,884 |
| 24 Dec 2009 | 11.18 | 11.19 | 10.52 | 10.76 | 10.83 | 7,665 |
| 23 Dec 2009 | 10.50 | 10.99 | 10.00 | 10.31 | 10.44 | 9,184 |
| 22 Dec 2009 | 10.28 | 11.25 | 10.28 | 10.52 | 10.68 | 7,812 |
| 21 Dec 2009 | 11.66 | 11.66 | 10.35 | 10.90 | 10.93 | 9,290 |
Prices in ₹ per share as traded, not adjusted.
Company details
- BSE code
- 500416
- ISIN
- INE824A01023
- Website
- www.titagarhindustries.com
- Registered office
- 113 Park Street, Kolkata 700016, West Bengal
- Share registrar
- MCS Share Transfer Agent Ltd
- Keeps the register of shareholders and handles transfers and dividend payments