Towellers Ltd

Income Statement 30-Jun-17 30-Jun-18

Net sales 2,686 2,606
Cost of sales -2,319 -2,217
Gross profit 367 389
Selling/distribution expenses -118 -142
Administrative expenses -160 -185
Operating profit 89 62
Other income 13 239
Other charges -8 -16
EBIT 94 285
Financial charges -6 -5
Profit before tax 88 280
Taxation -26 -26
Profit after tax 62 254
EPS - Basic 3.63 14.92
DPS 0 0

Balance Sheet 30-Jun-17 30-Jun-18

Cash & bank balances 162 107
Trade debts 220 253
Stock in trade 278 374
Stores spares and loose tools 10 19
Deposits advances prepayments & other receivables 155 204
Other current assets 129 92
Total current assets 955 1,048
Property plant & equipment 989 1,259
- Operating fixed assets 967 1,259
- Capital work in progress 22 0
Long-term loans 12 11
Long-term deposits & advances 7 20

Total non-current assets 1,008 1,290

Total assets 1,963 2,338
Trade and other payables 520 599
Accrued mark-up/interest 134 0
Taxes payable 0 0
Short-term debt 4 1
Current portion of long-term debt 12 0
Total current liabilities 671 600
Long-term debt 100 0
Deferred liabilities 104 111
- Employees benefits 104 111

Total non-current liabilities 204 111

Total liabilities 875 712
Paid-up capital 170 170
Reserves/unappropriated profit 321 607
Revaluation surplus/(deficit) 597 849
Total equity 1,088 1,626
Gul Ahmed

Income Statement 30-Jun-17 30-Jun-18

Net sales 40,066 45,626
Cost of sales -32,858 -36,050
Gross profit 7,207 9,576
Selling/distribution expenses -3,484 -3,941
Administrative expenses -2,305 -2,310
Operating profit 1,419 3,325
Other income 326 199
Other charges -58 -208
EBIT 1687 3316
Financial charges -878 -987
Profit before tax 809 2,328
Taxation 10 -253
Profit after tax 818 2,075
EPS - Basic 2.54 5.82
DPS 1.00 2.5

Balance Sheet 30-Jun-17 30-Jun-18

Cash & bank balances 270 470
Trade debts 3,345 5,399
Stock in trade 12,470 16,144
Stores spares and loose tools 988 961
Deposits advances prepayments & other receiv 1,038 1,437
Other current assets 2,313 2,426
Total current assets 20,425 26,836
Property plant & equipment 15,969 16,104
- Operating fixed assets 13,658 14,909
- Capital work in progress 2,311 1,196
Intangible assets 34 24
Long-term investments 58 58
Long-term loans 40 37
Long-term deposits & advances 193 203
Total non-current assets 16,294 16,427
Total assets 36,719 43,263
Trade and other payables 5,569 7,009
Accrued mark-up/interest 139 176
Dividends payable 14 17
Short-term debt 11,935 15,076
Current portion of long-term debt 679 1,366
Total current liabilities 18,336 23,644
Long-term debt 7,146 6,912
Deferred liabilities 322 87
- Deferred tax liability 298 24
- Employees benefits 24 63
Total non-current liabilities 7,469 6,999
Total liabilities 25,805 30,643
Paid-up capital 3,565 3,565
Reserves/unappropriated profit 7,349 9,056

Total equity 10,914 12,621

Liquidity:
Current Ratio
Quick Ratio

Debt Management:
Debt Ratio
D/E Ratio
TIE

Asset Efficiency:
Inventory T/O
Receivables T/O
DSI
DSO
Operating Cycle
Payable T/O
DPO
Cash Conversion Cycle
Asset T/O

Profitability:
Gross Profit Margin
Net Profit Margin
ROA
ROCE

Market Value:
Book Value/share
Market value/book value
P/E Ratio
Share Price as on 19 Apr 2019
 Towellers Gul Ahmed

Current Assets/Current Liabilities 1.75 1.14

(Current Assets-Inventory)/Current Liabilities 1.12 0.45

Total Debt/Total Assets 0 1

Total Debt/Total Equity 0 2
EBIT/Interest Expense 57 3.359676

CGS/Average Inventory 6.80 2.52

Credit Sales/Average Receivables 11.02 10.44
365/Inventory TO 53.67 144.86
365/ Receivables TO 33.12 34.98
DSI+DSO 86.80 179.83
Credit Purchases/Average Payables 3.96 5.73
365/Payables Turnover 92.11 63.68
DSI+DSO-DPO -5.32 116.16
Sales/Average Total Assets 1.21 1.14

Gross Profit/Sales 15% 21%

Net Profit/Sales 10% 5%
EBIT(1-T)/Average Total Assets 12% 7%
(Net Profit-Preferred Dividends)/Average Total Common Equity 16% 16%

Total Common Equity/No. of Common Shares outstanding 95.65 35.40

Market Price per share/Book Value per share 0.77 1.61
Market Price/Earnings Per Share 4.96 9.79
on 19 Apr 2019 74 57