Income Statement Gopal Snacks Limited

Equities

GOPAL

INE0L9R01028

Food Retail & Distribution

End-of-day quote NSE India S.E. Other stock markets 13/09/2024			5-day change	1st Jan Change
340.50 ^INR	+1.23%		+3.17%	0.00%

09-12	Certain Equity Shares of Gopal Snacks Limited are subject to a Lock-Up Agreement Ending on 12-SEP-2024.	CI
07-29	Gopal Snacks Limited Unveils New Soya Sticks	CI

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Published financial data: GOPAL SNACKS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	8.86B	11.29B	13.52B	13.95B	14.02B
Total Revenues	8.86B	11.29B	13.52B	13.95B	14.02B
Cost of Goods Sold, Total	6.95B	9.25B	10.75B	10.05B	10.11B
Gross Profit	1.91B	2.04B	2.77B	3.9B	3.91B
Selling General & Admin Expenses, Total	467M	595M	783M	918M	1.12B
Depreciation & Amortization - (IS)	210M	232M	302M	374M	358M
Other Operating Expenses	569M	846M	1.04B	1.02B	1.11B
Other Operating Expenses, Total	1.25B	1.67B	2.12B	2.31B	2.58B
Operating Income	662M	369M	648M	1.59B	1.33B
Interest Expense, Total	-79.73M	-102M	-128M	-106M	-43.79M
Interest And Investment Income	1.17M	814K	1.09M	9.23M	5.59M
Net Interest Expenses	-78.56M	-101M	-127M	-97.09M	-38.2M
Currency Exchange Gains (Loss)	41.55K	-192K	-218K	-70K	180K
Other Non Operating Income (Expenses)	-2.19M	-9.26M	-7.07M	27.51M	26.91M
EBT, Excl. Unusual Items	581M	259M	513M	1.52B	1.32B
Gain (Loss) On Sale Of Assets	-	-	-	-	310K
Insurance Settlements	-	-	-	-	2.25M
Other Unusual Items	636K	1.71M	1.1M	-	-
EBT, Incl. Unusual Items	582M	260M	514M	1.52B	1.32B
Income Tax Expense	140M	54.48M	118M	395M	322M
Earnings From Continuing Operations	441M	206M	397M	1.12B	996M
Net Income to Company	441M	206M	397M	1.12B	996M
Net Income - (IS)	441M	206M	397M	1.12B	996M
Net Income to Common Incl Extra Items	441M	206M	397M	1.12B	996M
Net Income to Common Excl. Extra Items	441M	206M	397M	1.12B	996M
Per Share Items
Net EPS - Basic	3.54	1.65	3.18	9.02	7.99
Basic EPS - Continuing Operations	3.54	1.65	3.18	9.02	7.99
Basic Weighted Average Shares Outstanding	125M	125M	125M	125M	125M
Net EPS - Diluted	3.54	1.65	3.18	9.02	7.99
Diluted EPS - Continuing Operations	3.54	1.65	3.18	9.02	7.99
Diluted Weighted Average Shares Outstanding	125M	125M	125M	125M	125M
Normalized Basic EPS	2.91	1.3	2.57	7.62	6.6
Normalized Diluted EPS	2.91	1.3	2.57	7.62	6.6
Dividend Per Share	-	-	-	-	0.25
Supplemental Items
EBITDA	872M	601M	950M	1.96B	1.68B
EBITA	662M	369M	648M	1.59B	1.33B
EBIT	662M	369M	648M	1.59B	1.33B
EBITDAR	872M	605M	956M	1.96B	1.69B
Total Revenues (As Reported)	8.88B	11.3B	13.56B	13.99B	14.07B
Effective Tax Rate - (Ratio)	24.13	20.93	22.87	26	24.45
Total Current Taxes	147M	59.25M	122M	395M	325M
Total Deferred Taxes	-6.81M	-4.77M	-4.46M	-660K	-2.4M
Normalized Net Income	363M	162M	321M	949M	822M
Interest on Long-Term Debt	-	-	-	1.4M	130K
Non-Cash Pension Expense	-11.31M	5.14M	-5.63M	-1.36M	-1.67M
Supplemental Operating Expense Items
Advertising Expense	7.51M	3.46M	15.71M	41.38M	90.77M
Selling and Marketing Expenses	7.51M	3.46M	15.71M	41.38M	90.77M
Research And Development Expense From Footnotes	817K	-	-	-	-
Net Rental Expense, Total	400K	4.35M	6.46M	4.13M	7.59M
Imputed Operating Lease Interest Expense	-	-	4.35M	2.56M	3.03M
Imputed Operating Lease Depreciation	-	-	2.1M	1.57M	4.56M
Maintenance & Repair Expenses, Total	28.83M	48.09M	17.02M	62.33M	88.58M
Stock-Based Comp., Other (Total)	-	-	-	-	980K
Total Stock-Based Compensation	-	-	-	-	980K

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	4.96M	47.7M	10.79M	35.91M	241M
Short Term Investments	-	-	-	250M	-
Total Cash And Short Term Investments	4.96M	47.7M	10.79M	286M	241M
Accounts Receivable, Total	35.36M	76.36M	144M	114M	297M
Other Receivables	-	-	-	23.5M	20.97M
Notes Receivable	3.52M	8.77M	7.48M	57.96M	7.51M
Total Receivables	38.88M	85.12M	151M	196M	326M
Inventory	654M	911M	888M	1.45B	2.06B
Prepaid Expenses	2.39M	4.94M	6.33M	9.98M	15.9M
Other Current Assets, Total	141M	176M	257M	122M	230M
Total Current Assets	841M	1.23B	1.31B	2.06B	2.87B
Gross Property Plant And Equipment	2.52B	3.28B	3.97B	4.24B	4.51B
Accumulated Depreciation	-890M	-1.12B	-1.42B	-1.78B	-2.12B
Net Property Plant And Equipment	1.63B	2.16B	2.55B	2.46B	2.39B
Long-term Investments	24.61M	39.15M	55.99M	24.29M	19.32M
Other Intangibles, Total	65.6K	373K	18.84M	24.09M	25.26M
Loans Receivable Long-Term	80.85K	81.16M	85.6M	-	-
Deferred Tax Assets Long-Term	-	-	1.23M	-	-
Other Long-Term Assets, Total	16.76M	24.34M	40.44M	44.06M	78M
Total Assets	2.52B	3.53B	4.07B	4.61B	5.39B
Liabilities
Accounts Payable, Total	285M	232M	112M	94.12M	209M
Accrued Expenses, Total	101M	191M	206M	232M	224M
Short-term Borrowings	160M	414M	531M	327M	595M
Current Portion of Long-Term Debt	-	217M	317M	251M	40.39M
Current Portion of Leases	-	-	-	6.25M	470K
Current Income Taxes Payable	-	-	2.59M	-	-
Other Current Liabilities	22.72M	50.26M	37M	57.43M	132M
Total Current Liabilities	569M	1.1B	1.21B	969M	1.2B
Long-Term Debt	554M	767M	801M	485M	36.65M
Long-Term Leases	-	-	-	8.84M	2.37M
Pension & Other Post Retirement Benefits	18.07M	33.55M	39.17M	-	-
Deferred Tax Liability Non Current	8M	3.23M	-	47.16M	44.15M
Other Non Current Liabilities	145M	193M	199M	194M	197M
Total Liabilities	1.29B	2.1B	2.24B	1.7B	1.48B
Common Stock, Total	11.33M	11.33M	11.33M	125M	125M
Additional Paid In Capital	37.58M	37.58M	37.58M	37.58M	37.58M
Retained Earnings	1.17B	1.38B	1.78B	2.75B	3.74B
Comprehensive Income and Other	571K	571K	571K	570K	1.55M
Total Common Equity	1.22B	1.43B	1.82B	2.91B	3.9B
Total Equity	1.22B	1.43B	1.82B	2.91B	3.9B
Total Liabilities And Equity	2.52B	3.53B	4.07B	4.61B	5.39B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	125M	125M	125M	125M	125M
ECS Total Common Shares Outstanding	125M	125M	125M	125M	125M
Book Value / Share	9.81	11.46	14.65	23.34	31.33
Tangible Book Value	1.22B	1.43B	1.81B	2.88B	3.88B
Tangible Book Value Per Share	9.81	11.46	14.5	23.15	31.13
Total Debt	714M	1.4B	1.65B	1.08B	675M
Net Debt	709M	1.35B	1.64B	793M	434M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-6.53M	-5.6M	-16.82M	-24.3M	-19.32M
Debt Equivalent Oper. Leases	3.2M	34.78M	51.64M	33.04M	60.72M
Account Code - Inventory Valuation	-	-	5	6	6
Inventories - Raw Materials, Total	604M	847M	773M	1.22B	1.8B
Inventories - Finished Goods, Total	46.55M	34.77M	58.66M	165M	192M
Inventories - Others	2.77M	29.19M	56.74M	60.59M	68.7M
Land - (BS)	212M	212M	212M	53.77M	69.93M
Buildings, Total	850M	869M	1B	1.28B	1.29B
Machinery, Total	1.38B	1.76B	2.45B	2.62B	2.86B
Full Time Employees	-	-	-	3.3K	3.4K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	1.11M	5.9M

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	441M	206M	397M	1.12B	996M
Depreciation & Amortization - CF	210M	232M	302M	373M	358M
Amortization of Goodwill and Intangible Assets - (CF)	-	70K	159K	1.6M	-
Depreciation & Amortization, Total	210M	232M	302M	374M	358M
(Gain) Loss From Sale Of Asset	-801K	-1.71M	-1.1M	-610K	-310K
Stock-Based Compensation (CF)	-	-	-	-	980K
Provision and Write-off of Bad Debts	-	-	-	1.11M	4.79M
Other Operating Activities, Total	41.37M	65.85M	126M	80.04M	39.38M
Change In Accounts Receivable	25.03M	-41M	-67.42M	25M	-188M
Change In Inventories	-324M	-257M	22.72M	-576M	-608M
Change In Accounts Payable	118M	-53.68M	-119M	24M	115M
Change in Other Net Operating Assets	31.06M	359M	138M	164M	-34.09M
Cash from Operations	543M	509M	798M	1.22B	683M
Capital Expenditure	-370M	-760M	-734M	-254M	-305M
Sale of Property, Plant, and Equipment	990K	3.7M	19.55M	1.24M	2.57M
Investment in Marketable and Equity Securities, Total	-6.54M	940K	-16.84M	-7.48M	255M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-7.71M	-89.35M	-20.4M	-	-
Other Investing Activities, Total	-690K	690K	-129K	9.23M	5.59M
Cash from Investing	-384M	-844M	-751M	-251M	-41.91M
Long-Term Debt Issued, Total	17.47M	479M	45.16M	-	-
Total Debt Issued	17.47M	479M	45.16M	-	-
Long-Term Debt Repaid, Total	-99.87M	-	-	-582M	-392M
Total Debt Repaid	-99.87M	-	-	-582M	-392M
Other Financing Activities, Total	-78.69M	-101M	-128M	-106M	-43.79M
Cash from Financing	-161M	378M	-83.2M	-688M	-436M
Net Change in Cash	-2.31M	42.73M	-36.91M	276M	205M
Supplemental Items
Cash Interest Paid	78.69M	101M	128M	106M	43.79M
Cash Income Tax Paid (Refund)	178M	90M	120M	412M	321M
Levered Free Cash Flow	-	-	-347M	665M	184M
Unlevered Free Cash Flow	-	-	-266M	732M	211M
Change In Net Working Capital	-	-	240M	381M	671M
Net Debt Issued / Repaid	-82.41M	479M	45.16M	-582M	-392M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	-	-	10.66	23.06	16.58
Return on Total Capital	-	-	12.85	26.74	19.36
Return On Equity %	-	-	24.38	47.97	29.23
Return on Common Equity	-	-	24.38	47.97	29.23
Margin Analysis
Gross Profit Margin %	21.54	18.09	20.49	27.94	27.88
SG&A Margin	5.27	5.27	5.79	6.58	7.99
EBITDA Margin %	9.84	5.32	7.02	14.02	11.99
EBITA Margin %	7.47	3.27	4.79	11.4	9.46
EBIT Margin %	7.47	3.27	4.79	11.39	9.46
Income From Continuing Operations Margin %	4.98	1.82	2.93	8.06	7.1
Net Income Margin %	4.98	1.82	2.93	8.06	7.1
Net Avail. For Common Margin %	4.98	1.82	2.93	8.06	7.1
Normalized Net Income Margin	4.1	1.43	2.37	6.8	5.86
Levered Free Cash Flow Margin	-	-	-2.56	4.77	1.31
Unlevered Free Cash Flow Margin	-	-	-1.97	5.25	1.51
Asset Turnover
Asset Turnover	-	-	3.56	3.24	2.81
Fixed Assets Turnover	-	-	5.74	5.53	5.78
Receivables Turnover (Average Receivables)	-	-	122.85	109.61	68.16
Inventory Turnover (Average Inventory)	-	-	11.95	8.66	5.77
Short Term Liquidity
Current Ratio	1.48	1.11	1.09	2.13	2.39
Quick Ratio	0.07	0.11	0.13	0.44	0.47
Operating Cash Flow to Current Liabilities	0.95	0.46	0.66	1.25	0.57
Days Sales Outstanding (Average Receivables)	-	-	2.97	3.33	5.37
Days Outstanding Inventory (Average Inventory)	-	-	30.54	42.14	63.42
Average Days Payable Outstanding	-	-	5.85	2.82	5.18
Cash Conversion Cycle (Average Days)	-	-	27.66	42.65	63.61
Long Term Solvency
Total Debt/Equity	58.38	97.93	90.34	37.09	17.29
Total Debt / Total Capital	36.86	49.48	47.46	27.05	14.74
LT Debt/Equity	45.29	53.7	43.89	16.98	1
Long-Term Debt / Total Capital	28.6	27.13	23.06	12.39	0.85
Total Liabilities / Total Assets	51.41	59.54	55.16	36.94	27.51
EBIT / Interest Expense	8.3	3.62	5.04	14.94	30.29
EBITDA / Interest Expense	10.94	5.9	7.39	18.46	38.46
(EBITDA - Capex) / Interest Expense	6.3	-1.57	1.68	16.07	31.48
Total Debt / EBITDA	0.82	2.33	1.74	0.55	0.4
Net Debt / EBITDA	0.81	2.25	1.72	0.4	0.26
Total Debt / (EBITDA - Capex)	1.42	-8.76	7.63	0.63	0.49
Net Debt / (EBITDA - Capex)	1.41	-8.47	7.58	0.46	0.31
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-	19.79	3.14	0.56
Gross Profit, 1 Yr. Growth %	-	-	35.73	41.3	0.37
EBITDA, 1 Yr. Growth %	-	-	58.1	107.66	-13.99
EBITA, 1 Yr. Growth %	-	-	75.55	149.26	-16.47
EBIT, 1 Yr. Growth %	-	-	75.54	149.36	-16.47
Earnings From Cont. Operations, 1 Yr. Growth %	-	-	92.75	170.52	-11.39
Net Income, 1 Yr. Growth %	-	-	92.75	170.52	-11.39
Normalized Net Income, 1 Yr. Growth %	-	-	98.48	180.91	-13.34
Diluted EPS Before Extra, 1 Yr. Growth %	-	-	92.74	170.81	-11.4
Accounts Receivable, 1 Yr. Growth %	-	-	88.3	-18.61	160.41
Inventory, 1 Yr. Growth %	-	-	-2.49	66.1	41.99
Net Property, Plant and Equip., 1 Yr. Growth %	-	-	18.28	-4.87	-2.66
Total Assets, 1 Yr. Growth %	-	-	15.3	15.4	16.75
Tangible Book Value, 1 Yr. Growth %	-	-	26.48	64.12	34.45
Common Equity, 1 Yr. Growth %	-	-	27.77	63.73	34.2
Cash From Operations, 1 Yr. Growth %	-	-	56.65	107.4	-43.79
Capital Expenditures, 1 Yr. Growth %	-	-	-3.51	-66.3	20.16
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-	-275.31	-72.36
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-	-346.11	-71.13
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	-	11.15	1.84
Gross Profit, 2 Yr. CAGR %	-	-	-	39.39	19.09
EBITDA, 2 Yr. CAGR %	-	-	-	80.54	33.64
EBITA, 2 Yr. CAGR %	-	-	-	108.7	44.22
EBIT, 2 Yr. CAGR %	-	-	-	108.84	44.32
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	-	130.65	54.82
Net Income, 2 Yr. CAGR %	-	-	-	130.65	54.82
Normalized Net Income, 2 Yr. CAGR %	-	-	-	139.39	55.99
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-	130.65	54.9
Accounts Receivable, 2 Yr. CAGR %	-	-	-	23	45.58
Inventory, 2 Yr. CAGR %	-	-	-	29.15	53.57
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	-	6.15	-3.77
Total Assets, 2 Yr. CAGR %	-	-	-	16.16	16.07
Tangible Book Value, 2 Yr. CAGR %	-	-	-	45.85	48.55
Common Equity, 2 Yr. CAGR %	-	-	-	46.39