Usher Agro (Delisted) share price
BSE: 532765
Usher Agro 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 Oct 2006
Last traded ₹1.45 on 29 Mar 2019
Delisted on 19 Oct 2020.
Last announcements
The company's own last announcements before its shares stopped trading, routine notices left out.
Feb 2020
Dec 2019
Oct 2019
Mar 2019
22 Mar · Suspension of Trading
Members of the Exchange are hereby informed that trading in securities of Usher Agro Limited will be suspended with effect from April 01, 2019 (closing hour of trading on March 29, 2019) as per order no. MA 1586/2018 in CP (IB) No. 1817(MB)/2017 dated March 07, 2019 passed by Hon ble National Company Law Tribunal, Mumbai bench for appointment of official Liquidator and commencement of liquidation process against the company
Results for the quarter to Dec 2018
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
Usher Agro results by quarter
Standalone: the listed company alone, without its subsidiaries. Latest quarter to Dec 2018. Results for the quarter to Mar 2019 were due by 30 May 2019, 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
Peak revenue ₹227 Cr, quarter to Jun 2016; lowest ₹11 Cr, quarter to Jun 2018A loss in 9 of the 10 quarters with results on record
Operating and net margin by quarter, 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
| ₹ crore | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018Q1 | Sep 2018 | Dec 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 309 | 390 | 399 | 453 | 425 | 456 | 412 | 402 | – | 227 | 85 | 72 | 52 | 24 | 25 | 18 | 13 | 11 | 13 | – |
| 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 | 270 | 339 | 343 | 392 | 374 | 393 | 370 | 361 | – | 366 | 147 | 189 | – | 26 | 31 | 20 | 796 | – | – | – |
| 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 | 255 | 320 | 326 | 371 | 355 | 377 | 348 | 342 | – | 353 | 140 | 160 | 74 | 23 | 27 | 17 | 12 | 10 | 11 | – |
| Employee costsEmployee costs. Salaries, wages, bonuses and other benefits paid to staff in the period. Employee costs in the glossary | 3 | – | – | 4 | – | – | – | 5 | – | – | – | – | – | 1 | 1 | 1 | 0 | – | – | – |
| Other expensesOther expenses. Every operating cost besides materials and staff: power, rent, freight, repairs, marketing and the like. Other expenses in the glossary | 12 | – | – | 17 | – | – | – | 14 | – | – | – | – | – | 3 | 3 | 3 | 784 | – | – | – |
| Operating profit before depreciationOperating 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 | 39 | 51 | 55 | 61 | 51 | 64 | 42 | 42 | – | −139 | −63 | −117 | – | −3 | −6 | −2 | −783 | – | – | – |
| Operating margin | 12.6% | 13.1% | 13.9% | 13.4% | 11.9% | 14.0% | 10.2% | 10.4% | – | −61.2% | −74.0% | −162.0% | – | −11.1% | −23.1% | −11.4% | −5,917.5% | – | – | – |
| 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 | 4 | 9 | 9 | 9 | 13 | 10 | 10 | 10 | – | 9 | 9 | 9 | 8 | 10 | 9 | 10 | 5 | – | – | – |
| 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 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | – | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | – |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. Finance costs in the glossary | 19 | 28 | 25 | 27 | 31 | 28 | 29 | 30 | – | 33 | 37 | 4 | – | 0 | 1 | −2 | 274 | 37 | 38 | – |
| Profit before tax | 18 | 14 | 22 | 25 | 7 | 26 | 3 | 2 | – | −181 | −109 | −130 | 2 | −12 | −16 | −9 | −1,061 | −50 | −52 | – |
| 4 | −11 | 4 | 4 | 4 | 6 | 2 | 0 | – | – | – | – | – | – | −5 | −3 | −2 | −3 | 0 | – | |
| Tax rateEffective tax rate. Tax charged as a percentage of profit before tax. Effective tax rate in the glossary | 20.0% | −76.7% | 20.0% | 17.2% | 53.0% | 21.4% | 55.8% | 23.4% | – | – | – | – | – | – | – | – | – | – | – | – |
| Net profit | 14 | 24 | 18 | 21 | 3 | 20 | 2 | 1 | – | −181 | −109 | −130 | 2 | −12 | −11 | −6 | −1,059 | −47 | −52 | – |
| Net margin | 4.6% | 6.2% | 4.4% | 4.7% | 0.7% | 4.4% | 0.4% | 0.3% | – | −79.7% | −128.5% | −179.8% | 3.8% | −52.2% | −44.6% | −34.4% | −8,003.3% | −420.5% | −413.5% | – |
| 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 | – | – | ₹4.64 | – | – | – | – | – | – | – | – | −₹16.72 | ₹0.26 | −₹1.59 | −₹1.45 | −₹0.81 | −₹136.28 | −₹6.08 | −₹6.64 | – |
| Diluted earnings per shareDiluted earnings per share. Earnings per share counting the shares that options, warrants and convertible bonds already granted would add, on today's share count after splits and bonuses. Diluted earnings per share in the glossary | – | – | ₹4.64 | – | – | – | – | – | – | – | – | −₹2.68 | ₹0.04 | −₹1.59 | −₹1.45 | −₹0.81 | −₹136.28 | −₹6.08 | – | – |
Earnings per share in rupees, restated for later splits and bonuses. No results on record for the quarter to Mar 2016. The quarter to Dec 2018 is not shown: its results were filed at the wrong scale, a power of ten off the company's own year-to-date figures.
10 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to June, then March.
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
- Loss
Peak revenue ₹1,223 Cr, year to Jun 2014; lowest ₹80 Cr, year to Mar 2018A loss in 2 of the 8 years with results on record
Operating and net margin, per cent
- Operating margin
- Net margin
The company moved its year end from June to March: its last year to June on record ended in Jun 2014, its first year to March in Mar 2017.
Results for the year to Mar 2018
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue80
- Materials and goods−79
- Employee costs−2.3
- Other expenses−792
- Operating profit−793
- Depreciation−33
- Other income+0.4
- Finance costs−272
- Profit before tax−1,098
- Tax+9.9
- Net profit−1,088
Profit and loss
Standalone, ₹ crore, years to June, then March. No results on record for the years to Mar 2015 and Mar 2016. The last column is the twelve months to Sep 2018, the latest four quarters added.
| ₹ crore | Jun 2009 | Jun 2010 | Jun 2011 | Jun 2012 | Jun 2013 | Jun 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Sep 2018Twelve months |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 209 | 342 | 561 | 812 | 949 | 1,223 | – | – | 436 | 80 | 55 |
| 182 | 294 | 486 | 705 | 821 | 1,062 | – | – | – | 874 | – | |
| Materials and goods bought | 174 | 279 | 461 | 669 | 772 | 992 | – | – | 631 | 79 | 49 |
| Employee costs | 2 | 4 | 8 | 9 | 10 | – | – | – | – | 2 | – |
| Other expenses | 6 | 11 | 18 | 28 | 38 | – | – | – | – | 792 | – |
| Operating profit before depreciation | 27 | 48 | 75 | 107 | 128 | 161 | – | – | – | −793 | – |
| Operating margin | 12.9% | 14.0% | 13.3% | 13.2% | 13.5% | 13.2% | – | – | – | −986.9% | – |
| Materials, % of revenueMaterials, % of revenue. Raw materials used and goods bought for resale, adjusted for the change in stock, divided by revenue, times 100. Materials, % of revenue in the glossary | 83.2% | 81.6% | 82.2% | 82.4% | 81.4% | – | – | – | – | 98.3% | – |
| Employee costs, % of revenueEmployee costs, % of revenue. Salaries, wages and other staff costs divided by revenue, times 100. Employee costs, % of revenue in the glossary | 1.1% | 1.3% | 1.4% | 1.1% | 1.1% | – | – | – | – | 2.9% | – |
| Other expenses, % of revenueOther expenses, % of revenue. Operating costs besides materials and staff divided by revenue, times 100; with the two above and the operating margin it makes 100. Other expenses, % of revenue in the glossary | 2.9% | 3.2% | 3.1% | 3.4% | 4.0% | – | – | – | – | 985.7% | – |
| Depreciation and amortisation | 2 | 5 | 9 | 15 | 15 | 21 | – | – | 35 | 33 | – |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. Operating profit after depreciation (EBIT) in the glossary | 25 | 43 | 66 | 92 | 113 | 140 | – | – | – | −826 | – |
| Other income | 1 | 1 | 2 | 2 | 2 | 2 | – | – | 1 | 0 | 0 |
| Finance costs | 5 | 14 | 22 | 39 | 50 | 77 | – | – | – | 272 | 346 |
| Profit before tax | 20 | 29 | 46 | 55 | 65 | 65 | – | – | −417 | −1,098 | −1,172 |
| Tax | 5 | 6 | 10 | 13 | 20 | 0 | – | – | – | −10 | −8 |
| Net profit | 15 | 24 | 35 | 42 | 45 | 63 | – | – | −417 | −1,088 | −1,165 |
| Net margin | 7.1% | 6.9% | 6.3% | 5.2% | 4.8% | 5.2% | – | – | −95.7% | −1,354.2% | −2,101.2% |
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the year to Jun 2014 they do not, so they are left blank. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the year to Mar 2017: the statement does not state its finance costs, which operating profit is worked out from, so operating profit is not given.
Ratios
Standalone, years to June, then March.
| Ratio | Jun 2009 | Jun 2010 | Jun 2011 | Jun 2012 | Jun 2013 | Jun 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 48.0% | 63.7% | 64.0% | 44.8% | 17.0% | 28.8% | – | – | – | −81.6% |
| 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 | 42.7% | 78.1% | 55.9% | 43.4% | 20.1% | 25.2% | – | – | – | – |
| Net profit growthNet profit growth. This year's net profit less last year's, divided by last year's, times 100; blank where last year's is not above nought. Net profit growth in the glossary | 13.6% | 58.5% | 50.6% | 19.5% | 7.2% | 39.0% | – | – | – | – |
| Earnings per share growthEarnings per share growth. This year's earnings per share less last year's, on the same share count, divided by last year's, times 100; blank where last year's is not above nought. Earnings per share growth in the glossary | 0.0% | 50.3% | 9.8% | – | – | – | – | – | – | – |
| 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 | 4.6 | 3.0 | 3.0 | 2.4 | 2.2 | 1.8 | – | – | – | – |
Interest cover is left blank for the year to Mar 2018: 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 2018.
| Measure | 3 years |
|---|---|
| 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. | −724.9% |
Accounting checks
Standalone, years to June, then March. Published tests of whether reported profit is backed by cash and the balance sheet.
| Check | Jun 2009 | Jun 2010 | Jun 2011 | Jun 2012 | Jun 2013 | Jun 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Effective tax ratePublished threshold 17.16 per cent | 24.72 | 19.21 | 22.75 | 23.35 | 30.46 | 0.18 | – | – | – | – |
A threshold marked as ours has no published figure; it is the line we read the check against.
Business segments
In the quarter to Sep 2018 the company reports one business segment, Food Processing, which carries all its revenue.
Where the return came from
Yearly rates to Mar 2018, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −60.2% | – | – | 0.0% |
| 3 years | −55.2% | – | – | 0.0% |
| 5 years | −40.4% | – | – | 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.
Usher Agro share price by year
Each calendar year to 2019.
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2019 | 1.45 | −43.1% | 2.45 | 1.45 |
| 2018 | 2.55 | −69.5% | 9.10 | 1.35 |
| 2017 | 8.35 | −27.4% | 13.85 | 5.90 |
| 2016 | 11.50 | −73.7% | 45.45 | 9.20 |
| 2015 | 43.70 | −6.9% | 54.00 | 31.10 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. The 2019 close is its last trade, on 29 Mar 2019.
Recent sessions
The 10 trading days to 29 Mar 2019, as traded on BSE.
| Date | Open | High | Low | Close | Average price | Volume |
|---|---|---|---|---|---|---|
| 29 Mar 2019 | 1.45 | 1.45 | 1.45 | 1.45 | 1.45 | 3,357 |
| 28 Mar 2019 | 1.50 | 1.50 | 1.50 | 1.50 | 1.50 | 2,240 |
| 27 Mar 2019 | 1.55 | 1.55 | 1.55 | 1.55 | 1.55 | 3,438 |
| 26 Mar 2019 | 1.60 | 1.60 | 1.60 | 1.60 | 1.60 | 2,799 |
| 25 Mar 2019 | 1.65 | 1.65 | 1.65 | 1.65 | 1.65 | 2,740 |
| 22 Mar 2019 | 1.70 | 1.75 | 1.70 | 1.70 | 1.71 | 5,364 |
| 20 Mar 2019 | 1.75 | 1.75 | 1.75 | 1.75 | 1.75 | 6,239 |
| 19 Mar 2019 | 1.75 | 1.85 | 1.75 | 1.80 | 1.75 | 5,853 |
| 18 Mar 2019 | 1.80 | 1.90 | 1.80 | 1.80 | 1.80 | 13,048 |
| 15 Mar 2019 | 1.85 | 1.85 | 1.80 | 1.85 | 1.80 | 2,832 |
Prices in ₹ per share as traded, not adjusted.
Company details
- BSE code
- 532765
- ISIN
- INE235G01011
- Former symbols
- USHERAGRO
- Website
- www.usheragro.com
- CIN
- L01100MH1996PLC100380
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1996
- Registered office
- 422, Laxmi Plaza, Laxmi Industrial Estate, New Link Road, Andheri (W), Mumbai 400053, Maharashtra
- Share registrar
- Bigshare Services Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments