Shalby Limited BSE 540797 Financials

Shalby Limited (BSE:540797) > Financials > Key Stats
In Millions of INR, except per share items. Currency: Indian Rupee Conversion: Historical
Order: Latest on Right Units: S&P Capital IQ (Default)
Decimals: Capital IQ (Default) Dilution: Basic
Key Financials¹
For the Fiscal Period Ending 12 months 12 months 12 months 12 months 12 months 12 months†
Mar-31-2016A Mar-31-2017A Mar-31-2018A Mar-31-2019A Dec-31-2019A Mar-31-2020E
Currency INR INR INR INR INR INR
Total Revenue 2,904.1 3,237.7 3,779.9 4,609.6 4,901.6 5,183.0

Growth Over Prior Year 5.4% 11.5% 16.7% 21.9% NA -
Gross Profit 725.6 912.8 1,039.4 1,043.7 1,196.4 -

Margin % 25.0% 28.2% 27.5% 22.6% 24.4% 91.10%
EBITDA 558.2 710.5 809.4 815.0 989.5 987.0

Margin % 19.2% 21.9% 21.4% 17.7% 20.2% 19.04%
EBIT 444.9 546.3 582.3 485.2 582.7 -

Margin % 15.3% 16.9% 15.4% 10.5% 11.9% -
Earnings from Cont. Ops. 363.2 287.0 391.7 316.5 474.4 -

Margin % 12.5% 8.9% 10.4% 6.9% 9.7% -
Net Income 375.8 296.9 393.8 316.6 474.4 475.0

Margin % 12.9% 9.2% 10.4% 6.9% 9.7% 9.16%
Diluted EPS Excl. Extra Items³ 4.3 3.4 2.47 2.93 4.39 4.4
Growth Over Prior Year 46.1% (20.9%) (27.3%) 18.6% NA -

Exchange Rate 1.0 1.0 1.0 1.0 1.0 1.0
Conversion Method H H H H H S
¹All results are taken from the most recently filed statement for each period. When there has been more than one, earlier filings can be viewed on the individual statement pages.
²Growth rates for the LTM period are calculated against the LTM period ending 12 months before.
³All forward period figures are consensus mean estimates provided by the brokers and may not be on a comparable basis as financials.
†Growth rates for forward periods are calculated against prior period estimates or actual pro forma results as disclosed on the Estimates Consensus page.
Growth Rates are calculated in originally reported currency only and will not reflect any currency conversion selected above.
Current Capitalization (Millions of INR)

Currency INR
Share Price 81.0
Shares Out. 108.0
Market Capitalization 8,748.8

- Cash & Short Term Investments 982.0
+ Total Debt 547.2
+ Pref. Equity -
+ Total Minority Interest 0.5
= Total Enterprise Value (TEV) 8,314.6
Book Value of Common Equity 8,082.9

+ Pref. Equity -
+ Total Minority Interest 0.5
+ Total Debt 547.2
= Total Capital 8,630.6
**For companies that have multiple share classes that publicly trade,
we are incorporating the different prices to calculate our company level
Note: Striped area represents the impact of negative Net Liability on Market Cap.
Total Liability includes Total Debt, Minority Interest and Pref. Equity.
Net Liability includes Total Liability, net of Cash and Short Term Investments.
TEV includes Market Cap and Net Liability.
Total Capital includes Common Equity and Total Liability.
Valuation Multiples
For the Fiscal based on Current Capitalization
Period Ending 12 months 12 months 12 months 12 months 12 months
Mar-31-2019A Dec-31-2019A Mar-31-2020E Mar-31-2021E Mar-31-2022E
TEV/Total Revenue 2.0x 1.7x 1.60x 1.45x 1.31x
TEV/EBITDA 11.4x 8.4x 8.42x 7.24x 6.20x
TEV/EBIT 19.2x 14.3x - - -
P/Diluted EPS Before Extra 27.6x 18.5x 18.41x 15.00x 11.91x
P/BV 1.1x 1.1x 1.07x 1.01x 0.95x
Price/Tang BV 1.1x 1.1x - - -

12 months 12 months
Mar-31-2021E Mar-31-2022E
INR INR
5,733.0 6,363.0
10.61% 10.99%
- -
91.10% 91.10%
1,149.0 1,340.0
20.04% 21.06%
- -
- -
- -
- -
588.0 730.0
10.26% 11.47%
5.4 6.8
22.73% 25.93%
INR INR
1.0 1.0
S S
Shalby Limited (BSE:540797) > Financials > Income Statement
In Millions of INR, except per share items. Template: Standard Restatement: Latest Filings
Period Type: Annual Order: Latest on Right
Currency: Indian Rupee Conversion: Historical
Units: S&P Capital IQ (Defaul Decimals: Capital IQ (Default)
Income Statement
For the Fiscal Period Ending 12 months 12 months 12 months 12 months 12 months 12 months
Mar-31-2015 Mar-31-2016 Mar-31-2017 Mar-31-2018 Mar-31-2019 Dec-31-2019
Revenue 2,754.2 2,904.1 3,237.7 3,779.9 4,609.5 4,901.5

= Revenue from Operations 2,754.2 2,904.1 3,237.7 3,779.9 4,609.5 -
Other Revenue - - - - 0.1 0.1
= Other Income - - - - 96.4 -
- Interest and Investment Income - - - - 62.4 -
- Other Oper. Inc. (Exp.) - in Revenues Block (Other operating nature - - - - 0.1 -
- Other Operating Income/expense - - - - 0.4 -
- Gain/loss on Sales of Assets - - - - 10.9 -
- Other Oper. Inc. (Exp.) - in Revenues Block (Other operating nature - - - - 5.4 -
Total Revenue 2,754.2 2,904.1 3,237.7 3,779.9 4,609.6 4,901.6
Cost Of Goods Sold 1,960.1 2,178.5 2,324.8 2,740.6 3,565.9 3,705.3

= Purchase of Stock in Trade - - 367.0 - - -
+ Change in Inventories 0.8 0.6 (4.7) (8.0) (5.1) -
+ Maintenance & Repair Expenses 0.9 4.7 5.6 - - -
+ Maintenance & Repair Expenses 45.6 56.2 53.4 - - -
+ Maintenance & Repair Expenses - - - 5.1 4.0 -
+ Maintenance & Repair Expenses - - - 66.0 83.5 -
+ Operative Expenses 1,670.6 1,783.7 1,514.5 1,829.9 2,420.5 -
+ Purchase of Traded Goods 43.7 44.0 - 396.8 417.1 -
+ Employee Benefit Expense 198.4 289.2 389.0 450.8 646.0 -
Gross Profit 794.1 725.6 912.8 1,039.4 1,043.7 1,196.4
Selling General & Admin Exp. 110.4 169.8 46.7 72.7 82.3 82.3
= Advertising Expenses 17.7 41.2 45.7 - - -
+ Advertising Expenses - - - 71.3 68.9 -
+ Administrative and Other Expenses 165.7 231.6 - - - -
- Advertising Expenses 17.7 41.2 - - - -
- Maintenance & Repair Expenses 0.9 4.7 - - - -
- Maintenance & Repair Expenses 45.6 56.2 - - - -
- Accounts Receivable Written-Off 8.9 0.3 - - - -
- Asset Writedown - (0.5) - - - -
+ Minimum Rental Expenses - - 0.9 - - -
+ Minimum Rental Expenses - - - 1.5 13.4 -
Provision for Bad Debts 8.9 0.3 - - - -
= Accounts Receivable Written-Off 8.9 0.3 - - - -
R & D Exp. - - - - - -
Depreciation & Amort. 212.4 113.3 167.0 228.6 331.7 349.0
= Depreciation and Amortization 212.4 113.3 167.0 228.6 331.7 -
Other Operating Expense/(Income) (2.1) (2.8) 152.9 155.9 144.4 182.4
= Other Expenses - - (261.3) (329.9) (320.3) -
- Asset Writedown - - 45.7 (7.1) - -
- Maintenance & Repair Expenses - - 5.6 (1.2) (0.6) -
- Currency Translation Gain(Loss) - - 53.4 (16.8) 0 -
- Minimum Rental Expenses - - 0.9 71.3 68.9 -
- Maintenance & Repair Expenses - - (0.2) 5.1 4.0 -
- Maintenance & Repair Expenses - - - 66.0 83.5 -
- Minimum Rental Expenses - - - 1.5 13.4 -
- Other Oper. Inc. (Exp.) - in Revenues Block (Other operating nature) - - - 1.5 0.1 -
- Other Oper. Inc. (Exp.) - in Revenues Block (Other operating nature) 1.8 2.2 - - - -
- Other Oper. Inc. (Exp.) - in Revenues Block (Other operating nature) 0.3 0.6 - - - -
- Other Oper. Inc. (Exp.) - in Revenues Block (Other operating nature) - - 2.6 - - -
- Other Oper. Inc. (Exp.) - in Revenues Block (Other operating nature) - - - 3.7 5.4 -
Other Operating Exp., Total 329.6 280.7 366.5 457.1 558.4 613.6
Operating Income 464.5 444.9 546.3 582.3 485.2 582.7
Interest Expense (50.2) (100.2) (104.3) (113.9) (61.3) (48.8)

= Interest Expense (37.8) (65.2) (93.6) - - -
+ Interest Expense - - - (113.9) (61.3) -
+ Interest Expense (12.4) (35.0) (3.2) - - -
+ Interest Expense - - (7.5) - - -
Interest and Invest. Income 7.8 10.4 18.2 31.3 65.7 65.7
= Interest and Investment Income 4.4 8.5 18.0 30.1 62.4 -
+ Interest and Investment Income 3.4 1.9 0.2 - 2.1 -
+ Interest and Investment Income - - - 0.2 1.2 -
+ Interest and Investment Income - - - 1.0 - -
Net Interest Exp. (42.4) (89.8) (86.1) (82.7) 4.3 16.9
Currency Exchange Gains (Loss) 2.7 - 28.2 (16.8) 0 0

= Currency Translation Gain(Loss) - - - (16.8) 0 -
+ Currency Translation Gain(Loss) - - 28.2 - - -
+ Currency Translation Gain(Loss) 2.7 - - - - -
Other Non-Operating Inc. (Exp.) (4.1) (3.7) 14.5 62.7 4.1 1.6
= Other Operating Income/expense - - 1.3 - - -
+ Other Operating Income/expense - - - 14.9 0.4 -
+ Other Operating Income/expense - - 3.0 8.8 9.3 -
+ Other Operating Income/expense - - 6.8 32.0 0.2 -
+ Other Operating Income/expense - - 5.1 - - -
+ Finance Costs (54.2) (103.9) (106.0) (114.8) (71.5) -
- Interest Expense (37.8) (65.2) (93.6) - - -
- Interest Expense - - - (113.9) (61.3) -
- Interest Expense (12.4) (35.0) (3.2) - - -
- Interest Expense - - (7.5) - - -
+ Difference in below EBT block - - - - 0 -
EBT Excl. Unusual Items 420.8 351.4 502.8 545.5 493.6 601.2
Impairment of Goodwill - - - - - -
Gain (Loss) On Sale Of Invest. 2.9 0.8 - - - -
= Gain/loss on Sale of Investments 2.9 0.8 - - - -
Gain (Loss) On Sale Of Assets - - 2.3 0.1 10.9 10.9
= Gain/loss on Sales of Assets - - - - 10.9 -
+ Gain/loss on Sales of Assets - - 2.3 - - -
+ Gain/loss on Sales of Assets - - - 0.1 - -
Asset Writedown - (0.5) (0.2) (8.3) (0.6) (0.6)
= Asset Writedown - - - (7.1) - -
+ Asset Writedown - - - (1.2) (0.6) -
+ Asset Writedown - - (0.2) - - -
+ Asset Writedown - (0.5) - - - -
Other Unusual Items 6.7 7.6 - - - -
= Non-Operating (Income) Expenses 0.4 2.1 - - - -
+ Non-Operating (Income) Expenses 1.3 3.0 - - - -
+ Non-Operating (Income) Expenses 5.0 2.5 - - - -
EBT Incl. Unusual Items 430.3 359.2 505.0 537.3 503.9 611.5
Income Tax Expense 184.8 (4.0) 218.0 145.6 187.3 137.1

= Provision for Income Tax 100.0 84.0 119.2 114.4 110.2 -
+ Provision for Income Tax 84.8 (88.0) 98.7 (100.1) (85.2) -
+ Provision for Income Tax - - - 141.8 144.3 -
+ Provision for Income Tax - - - (10.6) 18.0 -
Earnings from Cont. Ops. 245.5 363.2 287.0 391.7 316.5 474.4
Earnings of Discontinued Ops. - - - - - -

Extraord. Item & Account. Change - - - - - -
Net Income to Company 245.5 363.2 287.0 391.7 316.5 474.4
Minority Int. in Earnings 11.8 12.6 9.9 2.1 0.1 0.1

= Minority Interest (After Tax) 11.8 12.6 9.9 2.1 0.1 -
Net Income 257.3 375.8 296.9 393.8 316.6 474.4
Pref. Dividends and Other Adj. 0.3 0.3 - 160.3 - -

= Other Adjustments to Net Income 0.3 0.3 - 160.3 - -
NI to Common Incl Extra Items 257.1 375.5 296.9 233.4 316.6 474.4
NI to Common Excl. Extra Items 257.1 375.5 296.9 233.4 316.6 474.4
Per Share Items

Basic EPS 2.94 4.3 3.4 2.47 2.93 4.39
Basic EPS Excl. Extra Items 2.94 4.3 3.4 2.47 2.93 4.39
Weighted Avg. Basic Shares Out. 87.4 87.4 87.4 94.4 108.0 108.1
Diluted EPS 2.94 4.3 3.4 2.47 2.93 4.39

Diluted EPS Excl. Extra Items 2.94 4.3 3.4 2.47 2.93 4.39
Weighted Avg. Diluted Shares Out. 87.4 87.4 87.4 94.4 108.0 108.1
Normalized Basic EPS 3.15 2.66 3.71 3.64 2.86 3.48
Normalized Diluted EPS 3.15 2.66 3.71 3.64 2.86 3.48
Dividends per Share NA NA NA NA 0.5 NA

Payout Ratio % 0.1% 0.1% NA NA NA NA
Supplemental Items
EBITDA 676.9 558.2 710.5 809.4 815.0 989.5
EBITA 464.5 444.9 546.3 582.3 485.2 582.7
EBIT 464.5 444.9 546.3 582.3 485.2 582.7
EBITDAR NA NA 711.5 810.8 828.4 NA
As Reported Total Revenue* 2,776.3 2,925.6 3,305.1 3,880.0 4,705.9 4,995.4
Effective Tax Rate % 42.9% NM 43.2% 27.1% 37.2% 22.4%
Total Current Taxes 100.0 84.0 119.2 14.4 25.0 24.4
Total Deferred Taxes 84.8 (88.0) 98.7 141.8 144.3 98.5
Normalized Net Income 274.8 232.3 324.2 343.0 308.6 375.8

Interest on Long Term Debt NA NA 24.9 13.2 NA NA
Non-Cash Pension Expense 0.3 1.0 2.9 (1.7) 1.2 -
Filing Date Nov-30-2017 Nov-30-2017 Aug-22-2018 Aug-01-2019 Aug-01-2019 Feb-03-2020
Restatement Type RS RS RS RS O P
Calculation Type REP REP REP REP REP LTM
Supplemental Operating Expense Items

Advertising Exp. 17.7 41.2 45.7 71.3 68.9 NA
Selling and Marketing Exp. 17.7 41.2 45.7 71.3 68.9 68.9
Net Rental Exp. NA NA 0.9 1.5 13.4 NA
Imputed Oper. Lease Interest Exp. - - 0.3 0.6 7.1 -
Imputed Oper. Lease Depreciation - - 0.7 0.9 6.3 -
Maintenance & Repair Exp. 46.5 61.0 59.0 71.1 87.5 NA

Exchange Rate 1.0 1.0 1.0 1.0 1.0 1.0
Conversion Method H H H H H H
* Occasionally, certain items classified as Revenue by the company will be re-classified as other income if it is deemed to be non-recurring and unrelated to the core business of the firm. This field shows Total Revenue exa
Note: For multiple class companies, per share items are primary class equivalent, and for foreign companies listed as primary ADRs, per share items are ADR-equivalent.
Revenue exactly as reported by the firm on its consolidated statement of income.
Shalby Limited (BSE:540797) > Financials > Balance Sheet
Balance Sheet
Balance Sheet as of: Restated Restated Restated Press Release
ASSETS
Cash And Equivalents 310.0 160.7 117.0 116.7 53.1 -
= Cash and Cash Equivalents - - 117.0 116.7 53.1 -
+ Cash and Bank Balance 310.0 160.7 - - - -
Short Term Investments 0.4 0.7 - - 107.8 -
= Investments - - - - 107.8 -
+ Short-term Investments 0.4 0.7 - - - -
Total Cash & ST Investments 310.4 161.4 117.0 116.7 160.8 982.0
Accounts Receivable 241.6 339.2 336.3 566.9 866.4 -

= Allowance for Doubtful Accounts Receivable - - (21.5) - - -
+ Allowance for Doubtful Accounts Receivable (13.5) (13.2) - - - -
+ Allowance for Doubtful Accounts Receivable - - - (6.4) (20.9) -
+ Trade Receivables 215.5 314.3 336.3 508.8 813.6 -
- Accounts Receivables 28.0 94.1 (21.5) 424.1 622.1 -
- Accounts Receivables 13.5 13.2 - 87.3 203.8 -
- Accounts Receivables (13.5) (13.2) - 3.8 8.7 -
- Allowance for Doubtful Accounts Receivable 187.5 220.2 - (6.4) (20.9) -
+ Trade Receivables 215.5 314.3 - 508.8 813.6 -
- Accounts Receivables (13.5) (13.2) - 3.8 8.7 -
- Accounts Receivables 187.5 220.2 - (6.4) (20.9) -
+ Trade Receivables 215.5 314.3 - 508.8 813.6 -
- Allowance for Doubtful Accounts Receivable (13.5) (13.2) - - - -
- Allowance for Doubtful Accounts Receivable - - - (6.4) (20.9) -
+ Accounts Receivables - Unbilled 26.1 24.9 - - - -
+ Accounts Receivables - Unbilled - - - 58.1 52.8 -
Other Receivables 9.2 9.2 133.3 118.0 64.7 -
= Other Receivables 0.0 - 20.5 19.7 19.9 -
+ Other Receivables 3.5 4.6 106.0 67.3 26.5 -
+ Other Receivables - - 2.8 14.8 7.0 -
+ Other Receivables 2.9 3.7 - - - -
+ Other Receivables 2.8 0.9 - - - -
Notes Receivable 4.9 41.9 56.2 - - -
= Loans - - 56.2 - - -
+ Short-term Loans and Advances 12.9 62.2 - - - -
- Loans Receivable Current - 36.4 - - - -
- Other Current Assets 0.0 0.0 - - - -
- Loans Receivable Current 0.6 2.2 - - - -
- Loans Receivable Current 4.3 3.3 - - - -
- Other Current Assets - 11.6 - - - -
- Prepaid Expenses 1.9 3.4 - - - -
- Short-term Investments 0.4 0.7 - - - -
- Other Receivables 2.9 3.7 - - - -
+ Short-term Loans and Advances 12.9 62.2 - - - -
- Other Current Assets 0.0 0.0 - - - -
- Prepaid Expenses 1.9 3.4 - - - -
- Short-term Investments 0.4 0.7 - - - -
+ Short-term Loans and Advances - 62.2 - - - -
- Prepaid Expenses - 3.4 - - - -
- Short-term Investments - 0.7 - - - -
- Other Receivables - 3.7 - - - -
- Other Receivables - 0.9 - - - -
Total Receivables 255.6 390.2 525.8 684.9 931.1 -
Inventory 58.2 74.9 76.5 120.5 128.1 -
= Inventories - Raw Materials 39.9 42.6 35.3 87.6 91.5 -
+ Inventories - Finished Goods 11.6 24.1 33.8 23.2 28.2 -
+ Inventories - Finished Goods - - - - 1.3 -
+ Inventories - Progress Payments and Others 6.8 8.1 7.4 9.8 7.1 -
Prepaid Exp. 1.9 3.4 6.2 6.6 6.2 -
= Prepaid Expenses - - 6.2 6.6 6.2 -
+ Prepaid Expenses 1.9 3.4 - - - -
Other Current Assets 0.0 11.7 164.7 1,191.7 799.6 -
= Asset Held for Sale - - - 71.5 68.7 -
+ Other Current Assets - - 47.7 116.0 98.5 -
+ Other Current Assets - - 41.5 1,042.3 693.1 -
+ Other Current Assets 0.0 0.0 - - - -
- Prepaid Expenses - - 6.2 6.6 6.2 -
- Other Current Assets - 11.6 6.2 3.8 6.7 -
- Accounts Receivables - Unbilled - - - 58.1 52.8 -
- Other Receivables - - 3.5 2.4 1.7 -
+ Other Current Assets - - 84.5 - - -
- Prepaid Expenses - - 6.2 6.6 6.2 -
- Other Current Assets - - - - 7.7 -
- Other Current Assets - - 6.2 3.8 6.7 -
- Prepaid Expenses - - - 6.6 6.2 -
- Other Current Assets - - 5.4 15.9 - -
- Other Current Assets - - - 29.1 23.4 -
- Other Current Assets - - 5.4 15.9 - -
- Other Current Assets - - 26.5 29.1 23.4 -
- Other Current Assets - - 26.5 - - -
Total Current Assets 626.2 641.6 890.1 2,120.4 2,025.9 -
Gross Property, Plant & Equipment 3,433.2 5,067.2 5,588.4 7,270.2 7,567.3 -
= Buildings - - 1,172.2 2,577.8 2,903.1 -
+ Buildings 534.3 1,279.7 - - - -
+ Land 59.9 157.2 157.2 399.3 399.3 -
+ Land - - 729.9 733.7 840.6 -
+ Land 482.0 779.7 - - - -
+ Machinery 92.5 153.0 - - - -
+ Machinery 40.6 58.3 - - - -
+ Machinery - - 928.9 1,933.9 2,110.9 -
+ Machinery 913.2 1,295.2 159.4 419.0 480.8 -
+ Machinery 190.0 289.3 39.3 197.3 202.3 -
+ Machinery 82.0 86.0 28.1 68.3 74.8 -
+ Machinery 20.3 20.0 28.1 43.7 45.5 -
+ Machinery 63.0 67.8 87.9 362.9 418.9 -
+ Machinery 48.4 59.2 50.5 70.3 73.8 -
+ Capital Work in Progress 907.1 821.9 2,207.0 464.0 17.4 -
Accumulated Depreciation (940.5) (1,067.5) (172.5) (407.4) (736.2) -
= Accumulated Depreciation - - (172.5) (407.4) (736.2) -
+ Accumulated Depreciation (940.5) (1,067.5) - - - -
Net Property, Plant & Equipment 2,492.7 3,999.7 5,415.9 6,862.8 6,831.1 -
Goodwill 161.7 11.3 19.6 101.6 101.6 -

= Goodwill - - 19.6 101.6 101.6 -
+ Goodwill - 11.3 - - - -
+ Gross Goodwill 293.1 - - - - -
+ Gross Goodwill 161.7 - - - - -
+ Accumulated amortization of goodwill (293.1) - - - - -
Other Intangibles 4.6 4.8 5.0 7.9 20.7 -
= Accumulated Amortization of Intangible Assets - - - 0 0 -
+ Gross Intangible Assets - - - 1.1 1.1 -
+ Gross Intangible Assets - - - 0.1 0.1 -
+ Intangible Assets Under Development - - 2.3 - - -
+ Intangible Assets 1.1 1.1 - - - -
- Capitalized/purchased Software - - 2.2 - - -
- Capitalized/purchased Software - - 2.2 - - -
+ Intangible Assets - - 1.1 - - -
+ Capitalized/purchased Software 20.5 22.1 4.5 7.2 9.6 -
+ Capitalized/purchased Software - - 2.2 - - -
+ Capitalized/purchased Software (17.1) (18.4) (2.9) (4.3) (6.2) -
+ Intangible Assets Under Development 0.1 0.1 - 3.8 16.1 -
Deferred Tax Assets, LT - - 71.7 113.4 20.3 -
= Deferred Tax Asset-net - - 71.7 113.4 20.3 -
Other Long-Term Assets 228.3 381.7 382.9 408.3 392.1 -
= Other Non-current Assets - - 363.7 284.8 295.9 -
+ Restricted Investments, Long-term 1.7 1.8 2.7 2.7 7.4 -
+ Other Non-current Assets 3.3 - - - - -
+ Other Long-term Assets 79.4 93.8 16.4 16.6 19.1 -
- Restricted Investments, Long-term 1.7 - - - - -
+ Other Long-term Assets 70.0 266.4 - - - -
+ Other Long-term Assets - 0.0 - - - -
+ Other Long-term Assets - - - 104.1 69.4 -
+ Other Receivables Long Term - - 0.0 0.1 0.2 -
Total Assets 3,513.4 5,039.1 6,785.1 9,614.2 9,391.6 -
LIABILITIES
Accounts Payable 614.2 467.8 392.3 491.7 562.7 -
= Total Outstanding Dues to Other Than Micro Enterprises and Small - - - 491.7 562.7 -
+ Trade Payables 614.2 467.8 392.3 - - -
Accrued Exp. 33.8 77.2 72.5 60.9 45.2 -
= Accrued Expenses - - 5.0 3.7 3.5 -
+ Accrued Expenses 21.0 25.2 - - - -
+ Accrued Expenses 0.1 0.1 20.5 5.5 3.0 -
+ Accrued Expenses 0.3 1.4 31.0 32.8 35.7 -
+ Accrued Expenses - - - 16.5 - -
+ Accrued Expenses - - 13.5 - - -
+ Accrued Expenses - - - 2.4 3.0 -
+ Accrued Expenses - - 2.5 - - -
Short-term Borrowings 75.3 93.2 263.8 157.2 - -
= Short-term Borrowings 75.2 93.2 - 157.2 - -
+ Loans Payable Current - - 43.6 - - -
+ Loans Payable Current 0.1 0.0 3.1 - - -
Curr. Port. of LT Debt 141.8 103.8 164.4 225.5 139.2 -
= Current Portion of Long-term Debt 141.8 103.8 164.4 225.5 139.2 -
Curr. Income Taxes Payable - - 3.7 5.0 - -
= Current Tax Liabilities - - 3.7 5.0 - -
Unearned Revenue, Current 2.1 5.7 5.6 8.7 9.3 -
= Unearned Revenue, Current - - 5.6 8.7 9.3 -
+ Unearned Revenue, Current 2.1 5.7 - - - -
Other Current Liabilities 36.7 169.3 394.5 198.8 127.7 -
= Provisions 0.5 1.7 7.5 49.1 63.3 -
- Current Portion of Long-term Debt 141.8 103.8 164.4 225.5 139.2 -
- Accrued Expenses 21.0 25.2 - - - -
- Other Current Liabilities 7.3 5.2 - - - -
- Other Current Liabilities 0.1 28.9 7.4 4.0 3.0 -
- Accrued Expenses 0.3 1.4 31.0 32.8 35.7 -
- Accrued Expenses 1.3 1.8 - 16.5 - -
- Loans Payable Current 0.1 0.0 3.1 - 20.7 -
- Other Current Liabilities 1.5 12.7 20.2 - - -
- Unearned Revenue, Current 2.1 5.7 13.5 - - -
- Other Current Liabilities - 38.8 5.0 - - -
+ Other Financial Liabilities 213.9 354.3 588.6 49.1 251.1 -
+ Other Current Liabilities 213.9 354.3 44.0 436.8 63.3 -
- Unearned Revenue, Current 141.8 103.8 164.4 8.7 139.2 -
- Current Portion of Long-term Debt - - 5.0 225.5 9.3 -
- Accrued Expenses 26.1 28.9 20.5 4.0 3.0 -
- Accrued Expenses 0.1 28.9 20.5 5.5 - -
- Other Current Liabilities 0.3 81.7 31.0 - 57.5 -
- Loans Payable Current 0.1 0.0 3.1 - 20.7 -
+ Other Financial Liabilities 213.9 354.3 588.6 49.1 251.1 -
+ Other Current Liabilities 213.9 354.3 44.0 - - -
- Unearned Revenue, Current 141.8 103.8 164.4 8.7 139.2 -
- Unearned Revenue, Current - - 5.6 - - -
- Accrued Expenses 26.1 28.9 20.5 - 3.0 -
- Accrued Expenses - - 20.5 - - -
- Accrued Expenses 0.3 81.7 31.0 - 57.5 -
- Loans Payable Current 0.1 0.0 3.1 - - -
+ Other Financial Liabilities 213.9 354.3 588.6 - 251.1 -
- Current Portion of Long-term Debt 141.8 103.8 164.4 - 139.2 -
- Unearned Revenue, Current - - 5.6 - - -
- Accrued Expenses 26.1 28.9 20.5 - - -
- Loans Payable Current 0.1 0.0 3.1 - - -
- Other Current Liabilities - 38.8 - - - -
- Current Portion of Long-term Debt 141.8 103.8 164.4 - - -
- Accrued Expenses 0.3 81.7 346.3 - - -
- Loans Payable Current 0.1 0.0 - - - -
- Unearned Revenue, Current 2.1 5.7 - - - -
- Current Portion of Long-term Debt - 103.8 164.4 - - -
- Accrued Expenses - 25.2 - - - -
- Accrued Expenses - 1.4 2.5 - - -
- Loans Payable Current - 0.0 - - - -
- Unearned Revenue, Current - 5.7 - - - -
+ Provisions - 1.7 7.5 - - -
+ Other Current Liabilities - 354.3 588.6 - - -
- Current Portion of Long-term Debt - - 164.4 - - -
+ Liabilities Directly Associated With Assets Classified as Held for Sal - - - 2.0 0.4 -
Total Current Liabilities 903.8 917.0 1,296.8 1,147.8 884.0 -
Long-Term Debt 737.3 2,010.7 2,854.0 754.4 569.1 -

= Long-term Borrowings 737.3 2,010.7 2,854.0 754.4 569.1 -
Unearned Revenue, Non-Current - - 88.8 128.4 118.8 -
= Unearned Revenue, Non-current - - 100.0 145.9 137.4 -
+ Unearned Revenue, Non-current - - (5.6) (8.7) (9.3) -
+ Unearned Revenue, Non-current - - (5.6) (8.7) (9.3) -
Pension & Other Post-Retire. Benefits 1.4 2.0 0.8 0.2 0.2 -
= Pension & Post Retirement Benefit - 1.1 0.8 0.2 0.2 -
+ Pension & Post Retirement Benefit 1.4 0.9 - - - -
Def. Tax Liability, Non-Curr. 111.7 20.8 0.0 - - -
= Deferred Tax Liabilities Net 111.7 20.8 0.0 - - -
Other Non-Current Liabilities 51.6 34.7 36.9 68.3 21.1 -
= Provisions 5.6 9.0 15.2 13.7 15.3 -
- Pension & Post Retirement Benefit - 1.1 0.8 0.2 0.2 -
- Pension & Post Retirement Benefit 1.4 0.9 - - - -
+ Provisions 5.6 9.0 - - - -
+ Other Non-current Liabilities 47.5 27.7 - - - -
+ Other Financial Liabilities - - 22.5 54.8 6.0 -
Total Liabilities 1,805.8 2,985.2 4,277.3 2,099.1 1,593.2 -
Pref. Stock, Convertible 4.3 5.3 - - - -

= Preferred Stock Convertible 0.1 0.1 - - - -
+ Preferred Stock Convertible 2.0 2.0 - - - -
+ Preferred Stock Convertible - 1.0 - - - -
Total Pref. Equity 4.3 5.3 - - - -
Common Stock 349.4 873.6 874.1 1,080.1 1,080.1 -

= Common Stock-par Value 353.7 878.9 - - - -
- Preferred Stock Convertible 0.1 0.1 - - - -
- Preferred Stock Convertible - 1.0 - - - -
+ Common Stock-par Value - - 874.1 1,080.1 1,080.1 -
Additional Paid In Capital 46.5 - 3.2 4,524.1 4,490.1 -
= Additional Paid in Capital 46.5 - 3.2 4,524.1 4,490.1 -
Retained Earnings 1,284.1 1,171.4 1,619.5 1,895.8 2,213.2 -
= Retained Earnings 1,284.1 1,171.4 1,619.5 1,895.8 2,213.2 -
Treasury Stock - - - - - -
Comprehensive Inc. and Other - - 17.2 14.5 14.5 -
= Other Equity - - 1,640.0 6,434.5 6,717.8 -
- Additional Paid in Capital - - 3.2 4,524.1 4,490.1 -
- Equity Equivalent - - 5.3 5.3 5.3 -
- Retained Earnings - - 1,619.5 1,895.8 2,213.2 -
- Equity Equivalent - - 2.7 9.2 9.2 -
- Equity Equivalent - - 9.2 - - -
+ Other Equity - - 1,640.0 6,434.5 6,717.8 -
- Additional Paid in Capital - - 3.2 4,524.1 4,490.1 -
- Retained Earnings - - 1,619.5 1,895.8 2,213.2 -
- Subscribed Share Capital - Common - - 2.7 - - -
+ Subscribed Share Capital - Common - - 2.7 - - -
Total Common Equity 1,680.0 2,044.9 2,514.1 7,514.6 7,797.9 8,082.9
Minority Interest 23.3 3.7 (6.2) 0.6 0.5 -

= Minority Interests 23.3 3.7 (6.2) 0.6 0.5 -
Total Equity 1,707.6 2,053.9 2,507.8 7,515.1 7,798.4 8,083.4
Total Liabilities And Equity 3,513.4 5,039.1 6,785.1 9,614.2 9,391.6 -
Supplemental Items
Total Shares Out. on Filing Date 87.4 87.4 87.4 108.0 108.0 108.7
= Equity Shares 87.4 87.4 87.4 108.0 108.0 108.7
Total Shares Out. on Balance Sheet Date 87.4 87.4 87.4 108.0 108.0 108.7
= Equity Shares 87.4 87.4 87.4 108.0 108.0 108.7
Book Value/Share 19.23 23.41 28.76 69.57 72.2 75.1
Tangible Book Value 1,513.7 2,028.8 2,489.4 7,405.1 7,675.7 7,945.8
Tangible Book Value/Share 17.33 23.22 28.48 68.56 71.06 73.83
Total Debt 954.4 2,207.8 3,282.2 1,137.1 708.2 547.2
Net Debt 644.0 2,046.3 3,165.3 1,020.4 547.4 (434.8)
Debt Equiv. of Unfunded Proj. Benefit Obligation 3.9 10.4 22.7 19.8 21.7 NA
Debt Equivalent Oper. Leases NA NA 7.5 11.6 106.9 NA
Total Minority Interest 23.3 3.7 (6.2) 0.6 0.5 0.5
Inventory Method NA FIFO NA Avg Cost Avg Cost NA
Raw Materials Inventory 39.9 42.6 35.3 87.6 91.5 NA
Finished Goods Inventory 11.6 24.1 33.8 23.2 29.5 NA
Other Inventory Accounts 6.8 8.1 7.4 9.8 7.1 NA
Land 541.9 936.9 887.1 1,133.0 1,239.9 NA
Buildings 534.3 1,279.7 1,172.2 2,577.8 2,903.1 NA
Machinery 1,449.9 2,028.8 1,322.1 3,095.3 3,407.0 NA
Construction in Progress 907.1 821.9 2,207.0 464.0 17.4 -
Full Time Employees NA NA 1,772 2,576 2,448 NA
Part-Time Employees NA NA NA 33 NA NA
Accum. Allowance for Doubtful Accts 13.5 13.2 21.5 6.4 20.9 NA
Filing Date Nov-30-2017 Nov-30-2017 Aug-22-2018 Aug-01-2019 Aug-01-2019 NA
Restatement Type NC RS RS RS O NV
Calculation Type REP REP REP REP REP FWD

Exchange Rate 1.0 1.0 1.0 1.0 1.0 1.0
Note: For multiple class companies, total share counts are primary class equivalent, and for foreign companies listed as primary ADRs, total share counts are ADR-equivalent.
Shalby Limited (BSE:540797) > Financials > Cash Flow
Cash
For theFlow
Fiscal Period Ending 12 months 12 months 12 months 12 months 12 months 12 months
Net Income 257.3 375.8 296.9 393.8 316.6 -

Depreciation & Amort. 212.4 113.3 164.2 227.1 329.8 -
= Depreciation, Amortization, Net 212.4 113.3 - - - -
+ Depreciation from Notes - - 172.6 227.1 329.8 -
+ Depreciation from Notes - - (8.4) - - -
Amort. of Goodwill and Intangibles - - - 0.0 0.0 -
= Amortization of Intangibles from Notes - - - 0.0 0.0 -
Depreciation & Amort., Total 212.4 113.3 164.2 227.1 329.8 -
Other Amortization - - 2.8 1.4 1.9 -

= Amortization of Software Assets - - 2.8 1.4 1.9 -
(Gain) Loss From Sale Of Assets 8.1 0.5 (2.3) (0.1) 0.6 -
= Gain/loss on Sales of Property, Plant and Equipment, Net - - - - 0.2 -
+ Profit on Sale of Assets, Net - - (2.3) (0.1) 0.4 -
+ Profit/loss on Sale/discard of Fixed Assets (net) 8.1 0.5 - - - -
(Gain) Loss On Sale Of Invest. (2.9) (0.8) - - - -
= Gain on Sales of Investment (2.9) (0.8) - - - -
Asset Writedown & Restructuring Costs - 0.5 0.2 8.3 - -
= Fixed Asset Written off - - 0.2 1.2 - -
+ Impairment of Assets - - - 7.1 - -
+ Provision for Impairment Loss - 0.5 - - - -
Provision & Write-off of Bad debts 9.4 0.3 8.3 2.6 10.2 -
= Provisions for Bad and Doubtful Debts 0.5 - 8.3 2.6 10.2 -
+ Bad Debt Written off 8.9 0.3 - - - -
Other Operating Activities 88.6 (63.2) 190.0 113.4 104.2 -
= Net Income (Loss) 173.0 (16.6) 208.0 143.5 187.3 -
+ Interest Expense 37.8 65.2 - - - -
+ Interest Incomes (4.4) (8.5) - (28.4) (61.5) -
+ Dividend Income (3.4) (1.9) - - - -
+ Foreign Currency Translation Reserve - - (0.1) 0.1 - -
+ Finance Costs - - 106.0 123.6 71.4 -
+ Direct Taxes-refund/(paid) (114.4) (101.3) - - - -
+ Cash Income Tax Paid - Operating Activities - - (106.0) (125.4) (93.9) -
+ Interest on Partner's Capital - - - - (0.2) -
+ Interest Income from Financial Assets Measured At Amortised Cost - - (18.0) - - -
+ Oci Adjustment - - - - 1.1 -
Change in Acc. Receivable (74.9) (99.1) (51.8) (220.4) (421.4) -
= Trade Receivables (74.9) (99.1) - - - -
+ Change in Trade Receivables - - (51.8) (220.4) (421.4) -
Change In Inventories 6.5 (16.6) (1.6) (43.5) (7.6) -
= Changes in Inventories - - (1.6) (43.5) (7.6) -
+ Inventories 6.5 (16.6) - - - -
Change in Acc. Payable 409.2 (146.3) (76.3) 79.9 177.4 -
= Trade Payables 409.2 (146.3) (76.3) 79.9 177.4 -
Change in Other Net Operating Assets 318.8 (118.8) 74.1 (423.2) (168.3) -
= Other Non-current Assets 2.7 1.4 - - - -
+ Other Current Assets 21.3 (35.0) - - - -
+ Other Current Liabilities 89.9 120.9 13.3 5.6 16.9 -
+ Other Non-current Liabilities (23.1) (19.8) 88.8 39.6 (12.9) -
+ Changes in Other Current Assets - - 0.8 (77.8) 17.2 -
+ Provisions 0.9 4.5 8.4 0.1 2.1 -
+ Changes in Other Non-current Assets - - (88.4) (82.5) (11.1) -
+ Changes in Loans - - (22.7) 56.2 - -
+ Short Term Loan Advances 261.8 (50.3) - - - -
+ Long Term Loan Advances (34.7) (140.5) - - - -
+ Change in Other Current Financial Assets - - (123.0) 11.4 65.5 -
+ Other Current Financial Liabilities - - 210.6 (189.3) (235.6) -
+ Other Non-current Financial Liabilities - - (7.0) 23.8 (3.0) -
+ Change in Other Non-current Financial Assets - - (6.6) (210.2) (7.2) -
Cash from Ops. 1,232.4 45.7 604.5 139.4 343.5 -
Capital Expenditure (634.3) (991.4) (1,581.2) (1,383.6) (314.9) -

= Purchase of Property, Plant and Equipment and Intangible Assets - - (1,581.2) (1,383.6) (314.9) -
+ Purchase/sale of Fixed Assets (634.3) (991.4) - - - -
Sale of Property, Plant, and Equipment - - - - 1.5 -
= Proceeds from Sales of Assets - - - - 1.5 -
Cash Acquisitions - - - - - -
Divestitures - - - - - -
Invest. in Marketable & Equity Securt. 3.8 0.8 - - (123.2) -
= Purchase/sale of Investments 3.8 0.8 - - - -
+ Payments for Purchase of Investments - - - - (123.2) -
Net (Inc.) Dec. in Loans Originated/Sold - - - - - -
Other Investing Activities 7.3 10.4 48.2 (981.5) 438.3 -
= Cash Dividend and Interest Received - Investing Activities 3.4 1.9 18.0 19.8 89.1 -
+ Cash Dividend and Interest Received - Investing Activities 4.0 8.5 - - - -
+ Other Bank Balances - - 30.2 (1,001.2) 349.1 -
Cash from Investing (623.3) (980.2) (1,533.0) (2,365.1) 1.6 -
Short Term Debt Issued - - - - - -

Long-Term Debt Issued 506.8 1,291.4 998.2 - - -
= Proceeds from Borrowings - - 998.2 - - -
+ Procurement/(repayment) of Long/short Term Borrowings 506.8 1,291.4 - - - -
Total Debt Issued 506.8 1,291.4 998.2 - - -
Short Term Debt Repaid - - - - - -
Long-Term Debt Repaid - - - (2,287.0) (342.3) -
= Proceeds from Borrowings - - - (2,287.0) (342.3) -
Total Debt Repaid - - - (2,287.0) (342.3) -
Issuance of Common Stock - - 6.5 4,884.5 - -

= Securities Premium Received - - 3.2 4,681.2 - -
+ Proceeds from Share Application Money Pending Allotment - - 2.7 - - -
+ Proceeds from Issued/allotment of Shares - - 0.5 203.3 - -
Issuance of Pref. Stock - 5.5 - - - -
= Net Preferred Shares Issued/bought Back - 4.4 - - - -
+ Net Preferred Shares Issued/bought Back - 1.0 - - - -
Pref. Dividends Paid (0.2) (0.2) - - - -

= Preferred Stock Dividends (0.2) (0.2) - - - -
Total Dividends Paid (0.2) (0.2) - - - -
Special Dividend Paid - - - - - -

Other Financing Activities (896.5) (547.5) (48.3) (375.4) (66.1) -
= Changes in Minority Interests 10.5 (7.0) - - - -
+ Other Financing Cash Flow Items 0 0 - - - -
+ Cash Interest Paid - Financing Activities (34.8) (45.6) (48.3) (83.2) (73.9) -
+ Shares Issued Expenditure - - - (245.2) (0.6) -
+ Merger and Consolidation Adjustment (872.1) (494.8) - - - -
+ Payment for Acquisition of Non-controlling Interest in Subsidiary C - - - (46.9) - -
+ Capital Introduced By Partners (net of Withdrawal) - - - - 8.4 -
Cash from Financing (389.9) 749.1 956.4 2,222.2 (408.4) -
Misc. Cash Flow Adj. - - - 3.7 - -

= On Account of Business Combination - - - 3.7 - -
Net Change in Cash 219.2 (185.5) 27.8 0.1 (63.3) -
Supplemental Items
Cash Interest Paid 34.8 45.6 48.3 83.2 73.9 NA
Cash Taxes Paid 114.5 101.3 106.0 125.4 93.9 NA
Levered Free Cash Flow 439.3 (793.8) (1,282.2) (2,196.5) 400.1 NA
Unlevered Free Cash Flow 470.6 (731.1) (1,217.0) (2,125.2) 438.4 NA
Change in Net Working Capital (602.3) 131.2 144.3 1,334.1 (118.4) NA
Net Debt Issued 506.8 1,291.4 998.2 (2,287.0) (342.3) NA
Filing Date Nov-30-2017 Nov-30-2017 Aug-22-2018 Aug-01-2019 Aug-01-2019 Feb-03-2020
Restatement Type NC RS RS RS O NV
Calculation Type REP REP REP REP REP NA

Exchange Rate 1.0 1.0 1.0 1.0 1.0 1.0
Shalby Limited (BSE:540797) > Financials > Multiples
View: Data Frequency: Quarterly

Order: Latest on Right Decimals: Capital IQ (Default)
Dilution: Basic
Multiples Detail
In Millions of INR, except per share items.
For Quarter Ending Sep-28-2018 Dec-31-2018 Mar-29-2019 Jun-28-2019 Sep-30-2019

TEV/LTM Total Revenue Average 4.50x 4.55x 4.15x 3.49x 1.96x
High 5.21x 4.91x 4.41x 4.35x 2.50x
Low 3.82x 4.08x 3.87x 2.51x 1.69x
Close 4.08x 4.39x 3.91x 2.52x 1.90x
TEV/NTM Total Revenues Average - - - - -

High - - - - -
Low - - - - -
Close - - - - -
TEV/LTM EBITDA Average 21.34x 20.25x 18.49x 17.79x 12.30x

High 23.18x 21.84x 19.64x 19.49x 16.34x
Low 18.17x 18.16x 17.21x 16.37x 10.35x
Close 18.17x 19.55x 17.39x 16.45x 11.60x
TEV/NTM EBITDA Average - - - - -

High - - - - -
Low - - - - -
Close - - - - -
TEV/LTM EBIT Average 27.98x 27.50x 25.11x 24.99x 18.32x

High 31.48x 29.66x 26.68x 28.73x 24.09x
Low 24.20x 24.67x 23.38x 22.87x 15.51x
Close 24.68x 26.56x 23.62x 24.26x 17.39x
P/LTM EPS Average 55.02x 53.35x 48.42x 44.21x 25.05x

High 61.55x 57.79x 51.65x 50.81x 37.56x
Low 47.55x 47.51x 44.86x 37.63x 19.44x
Close 47.55x 51.41x 45.36x 37.82x 21.70x
P/NTM EPS Average - - - - -

High - - - - -
Low - - - - -
Close - - - - -
P/LTM Normalized EPS Average 40.78x 39.29x 35.65x 36.94x 29.21x

High 45.32x 42.56x 38.03x 44.82x 37.75x
Low 35.01x 34.99x 33.03x 32.26x 25.00x
Close 35.01x 37.85x 33.40x 38.01x 27.90x
P/BV Average 2.09x 2.16x 1.96x 1.79x 1.23x

High 2.49x 2.34x 2.09x 2.05x 1.53x
Low 1.72x 1.92x 1.81x 1.53x 1.08x
Close 1.92x 2.08x 1.83x 1.54x 1.20x
P/Tangible BV Average 2.12x 2.19x 1.99x 1.82x 1.25x

High 2.52x 2.37x 2.12x 2.08x 1.55x
Low 1.75x 1.95x 1.84x 1.55x 1.10x
Close 1.95x 2.11x 1.86x 1.56x 1.22x
TEV/LTM Unlevered FCF Average NM NM NM - -

High NM NM NM - -
Low NM NM NM - -
Close NM NM NM - -
Market Cap/LTM Levered FCF Average NM NM NM - -

High NM NM NM - -
Low NM NM NM - -
Close NM NM NM - -
Average multiples are calculated using positive close values on each trading day within the frequency periods selected. Negative values are excluded from the calculation. When the Multiples are not meaningful, due to neg
When a mismatch exists between the currency of the equity listing and the reported financial results such results are translated into the currency of the listing at the exchange rate applicable on the financial period end date
Historical Equity Pricing Data supplied by Interactive Data Pricing and
Reference Data LLC
Dec-31-2019 Feb-28-2020
2.13x 2.09x
2.62x 2.51x
1.82x 1.70x
1.98x 1.70x
1.81x 1.86x
1.89x 2.22x
1.75x 1.52x
1.75x 1.52x
11.98x 10.78x
16.04x 13.31x
10.53x 8.40x
10.53x 8.40x
9.25x 9.51x
9.65x 11.32x
8.96x 7.78x
8.96x 7.78x
18.69x 17.74x
24.04x 21.41x
16.63x 14.27x
16.93x 14.27x
21.91x 21.10x
29.69x 24.95x
19.01x 17.98x
19.01x 18.46x
19.50x 20.01x
20.29x 23.67x
18.90x 16.53x
18.90x 16.53x
30.11x 28.74x
38.19x 34.49x
26.73x 23.29x
27.53x 23.29x
1.33x 1.31x
1.65x 1.54x
1.15x 1.08x
1.23x 1.08x
1.35x 1.33x
1.68x 1.57x
1.17x 1.10x
1.25x 1.10x
- -
- -
- -
- -
- -
- -
- -
- -
ul, due to negative values, then they will not be displayed in the chart.
riod end date.

Shalby Limited (BSE:540797) > Financials > Historical Capitalization
In Millions of INR, except per share items. Frequency: Quarterly Order: Latest on Right
Dilution: Basic
Historical Capitalization
Balance Sheet as of:
Mar-31-2016 Jun-30-2017 Mar-31-2018 Mar-31-2019
Pricing as of* Aug-23-2018 Aug-01-2019
Currency INR INR INR INR
Capitalization Detail
Share Price - - 155.7 86.1
Shares Out. - - 108.0 108.0
Market Capitalization** - - 16,817.1 9,299.6

= Equity Shares Shares Out - - 108.0 108.0
* Equity Shares Share Price - - 0.0 0.0
= Equity Shares Market Capitalization - - 16,817.1 9,299.6
- Cash & Short Term Investments 161.4 135.1 116.7 160.8
+ Total Debt 2,207.8 3,445.7 1,132.5 708.2
+ Pref. Equity 5.3 - - -
+ Total Minority Interest 3.7 0.6 0.6 0.5
= Total Enterprise Value (TEV) - - 17,833.5 9,847.6
Book Value of Common Equity 2,046.5 2,889.0 7,614.4 7,797.9

+ Pref. Equity 5.3 - - -
+ Total Minority Interest 3.7 0.6 0.6 0.5
+ Total Debt 2,207.8 3,445.7 1,132.5 708.2
= Total Capital 4,263.2 6,335.3 8,747.5 8,506.6
Currency INR INR INR INR

Exchange Rate 1.0 1.0 1.0 1.0
Conversion Method H H H H
sheet components from the last reported balance sheet as of this date.
The table above is organized along period end dates.
company’s primary stock class. Shares shown on this page are total
company as-reported share values.
Historical Equity Pricing Data supplied by Interactive Data Pricing and

Reference Data LLC
Shalby Limited (BSE:540797) > Financials > Capital Structure Summary
In Millions of INR, except ratios and % of Total values. Restatement: Latest Filings Period Type: Annual
Order: Latest on Right
Capital Structure
For the Fiscal PeriodData
Ending
12 months Mar-31-2017 12 months Mar-31-2018 12 months Mar-31-2019
Currency INR INR INR
Units Millions % of Total Millions % of Total Millions % of Total
Total Debt 3,282.2 56.7% 1,137.1 13.1% 708.2 8.3%

Total Common Equity 2,514.1 43.4% 7,514.6 86.9% 7,797.9 91.7%
Total Minority Interest (6.2) (0.1%) 0.6 0.0% 0.5 0.0%
Total Capital 5,790.1 100.0% 8,652.2 100.0% 8,506.6 100.0%

Exchange Rate 1.0 1.0 1.0
Conversion Method H H H
Debt Summary
For the Data
Fiscal Period Ending
12 months Mar-31-2017 12 months Mar-31-2018 12 months Mar-31-2019
Units Millions % of Total Millions % of Total Millions % of Total
Total Revolving Credit 232.8 7.1% 157.2 13.8% 0 0.0%

Total Term Loans 3,018.5 92.0% 979.9 86.2% 708.2 100.0%
General/Other Borrowings 31.0 0.9% - - - -
Total Principal Due 3,282.2 100.0% 1,137.1 100.0% 708.2 100.0%
Total Debt Outstanding 3,282.2 100.0% 1,137.1 100.0% 708.2 100.0%
Additional Totals
Total Cash & ST Investments 117.0 - 116.7 - 160.8 -
Net Debt 3,165.3 - 1,020.4 - 547.4 -
Total Senior Debt 3,282.2 100.0% 1,137.1 100.0% 708.2 100.0%
Total Short-Term Borrowings 263.8 8.0% 157.2 13.8% - -
Curr. Port. of LT Debt/Cap. Leases 164.4 5.0% 225.5 19.8% 139.2 19.6%
Long-Term Debt (Incl. Cap. Leases) 2,854.0 87.0% 754.4 66.3% 569.1 80.4%
Total Bank Debt 3,251.3 99.1% 1,137.1 100.0% 708.2 100.0%
Total Secured Debt 2,598.7 79.2% 1,132.3 99.6% 708.2 100.0%
Senior Secured Loans 2,598.7 79.2% 1,132.3 99.6% 708.2 100.0%
Total Senior Secured Debt 2,598.7 79.2% 1,132.3 99.6% 708.2 100.0%
Total Unsecured Debt 683.6 20.8% 4.8 0.4% - -
Fixed Rate Debt 235.9 7.2% 941.5 82.8% 708.2 100.0%
Variable Rate Debt 1,588.4 48.4% 190.8 16.8% 0 0.0%
Credit Ratios
Net Debt/EBITDA 4.5x - 1.3x - 0.7x -
Total Debt/EBITDA 4.6x - 1.4x - 0.9x -
Total Senior Debt/EBITDA 4.6x - 1.4x - 0.9x -
Total Senior Secured/EBITDA 3.7x - 1.4x - 0.9x -
Net Debt/(EBITDA-CAPEX) NM - NM - 1.1x -
Total Debt/(EBITDA-CAPEX) NM - NM - 1.4x -
Total Senior Debt/(EBITDA-CAPEX) NM - NM - 1.4x -
Total Senior Secured/(EBITDA-CAPEX) NM - NM - 1.4x -
Fixed Payment Schedule

LT Debt (Incl. Cap. Leases) Due +1 - - 225.2 19.8% 139.2 19.6%
LT Debt (Incl. Cap. Leases) Due, Next 5 Yrs - - 706.4 62.1% 513.0 72.4%
LT Debt (Incl. Cap. Leases) Due, After 5 Yrs - - 268.9 23.6% 195.2 27.6%
Operating Lease Commitment Due +1 - - 1.4 - 7.8 -

Operating Lease Commitment Due, Next 5 Yrs - - 2.4 - 39.2 -
Contractual Obligations Due +1 - - 635.6 - 674.6 -
Contractual Obligations Due + 2 - - - - 1.5 -
Contractual Obligations Due, Next 5 Yrs - - 635.6 - 680.6 -
Total Contractual Obligations - - 635.6 - 680.6 -
Interest Rate Data

Filing Date Aug-22-2018 - Aug-01-2019 - Aug-01-2019 -

Exchange Rate 1.0 1.0 1.0
Conversion Method H H H
Shalby Limited (BSE:540797) > Financials > Capital Structure Details
Principal Due in Millions of
INR. Period Type: Annual Source: A 2019 filed Aug-01-2019
Units: S&P Capital IQ (Default) Decimals: Capital IQ (Default)
FY 2019 (Mar-31-2019) Capital Structure As Reported Details Coupon/Base

Description Type Principal Due (INR) Rate Floating Rate Maturity Seniority Secured
Buyer's Credit from Exim Bank Term Loans - NA 6-Month LIBOR + 1.750% - Senior Yes
Buyer's Credit from HDFC Term Loans - NA 6-Month LIBOR + 1.750% - Senior Yes
Bank Limited
Daimler Financial Services Term Loans 1.4 8.760% NA Nov-01-2025 Senior Yes
India Private
Secured BankLimited Loan
Overdraft - Revolving Credit - 9.550% NA Mar-31-2020 Senior Yes
Kotak Mahindra Bank
Secured Term Loans from Term Loans 141.6 7.500% NA Nov-01-2021 Senior Yes
HDFC Bank
Secured Limited
Term Loans7.25
from Term Loans 365.4 7.250% NA Mar-01-2023 Senior Yes
HDFC Bank Limited 7.50
Term Loans from IDFC Bank Term Loans 199.7 8.700% NA Mar-31-2026 Senior Yes
Vehicle Loans from HDFC Term Loans - 9.450% NA Dec-01-2024 Senior Yes
Bank Limited
Vehicle Loans9.45
from HDFC Term Loans - 9.750% NA Dec-01-2024 Senior Yes
Bank Limited
Vehicle Loans9.75
from ICICI Bank Term Loans 0.2 9.690% NA Nov-01-2024 Senior Yes
Limited 9.69
*Principal Due values translated into INR at an exchange rate of 1.000 INR/INR on Mar-31-2019.
FY 2018 (Mar-31-2018) Capital Structure As Reported Details Coupon/Base

Description Type Principal Due (INR) Rate Floating Rate Maturity Seniority Secured
Buyer's Credit from Exim Bank Term Loans 18.6 NA 6-Month LIBOR + 1.750% - Senior Yes
Buyer's Credit from HDFC Term Loans 172.3 NA 6-Month LIBOR + 1.750% - Senior Yes
Bank Limited
Daimler Financial Services Term Loans 3.0 8.760% NA Nov-01-2025 Senior Yes
India
OtherPrivate Limited Loan
Bank Loans Term Loans 4.8 NA NA - Senior No
Secured Bank Overdraft - Revolving Credit 157.2 9.550% NA Mar-31-2020 Senior Yes
Kotak Mahindra
Secured Bank from
Term Loans Term Loans 165.9 7.500% NA Nov-01-2021 Senior Yes
HDFC Bank
Secured Limited
Term Loans7.25
from Term Loans 415.4 7.250% NA Mar-01-2023 Senior Yes
HDFC Bank Limited 7.50
Term Loans from IDFC Bank Term Loans 198.9 8.700% NA Mar-31-2026 Senior Yes
Vehicle Loans from HDFC Term Loans 0.1 9.450% NA Dec-01-2024 Senior Yes
Bank Limited
Vehicle Loans9.45
from HDFC Term Loans 0.2 9.750% NA Dec-01-2024 Senior Yes
Bank Limited
Vehicle Loans9.75
from ICICI Bank Term Loans 0.7 9.690% NA Nov-01-2024 Senior Yes
Limited 9.69
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Shalby Limited (BSE:540797) > Financials > Ratios
Restatement: Latest Filings Period Type: Annual

Order: Latest on Right Decimals: Capital IQ (Default)
Ratios
Profitability
Return on Assets % 10.2% 6.5% 5.8% 4.4% 3.2% NA
Return on Capital % 13.0% 8.0% 6.8% 5.0% 3.5% NA
Return on Equity % 15.6% 19.3% 12.6% 7.8% 4.1% NA
Return on Common Equity % 16.7% 20.2% 13.0% 4.7% 4.1% NA
Margin Analysis
Gross Margin % 28.8% 25.0% 28.2% 27.5% 22.6% 24.4%
SG&A Margin % 4.0% 5.8% 1.4% 1.9% 1.8% 1.7%
EBITDA Margin % 24.6% 19.2% 21.9% 21.4% 17.7% 20.2%
EBITA Margin % 16.9% 15.3% 16.9% 15.4% 10.5% 11.9%
EBIT Margin % 16.9% 15.3% 16.9% 15.4% 10.5% 11.9%
Earnings from Cont. Ops Margin % 8.9% 12.5% 8.9% 10.4% 6.9% 9.7%
Net Income Margin % 9.3% 12.9% 9.2% 10.4% 6.9% 9.7%
Net Income Avail. for Common Margin % 9.3% 12.9% 9.2% 6.2% 6.9% 9.7%
Normalized Net Income Margin % 10.0% 8.0% 10.0% 9.1% 6.7% 7.7%
Levered Free Cash Flow Margin % 15.9% (27.3%) (39.6%) (58.1%) 8.7% NA
Unlevered Free Cash Flow Margin % 17.1% (25.2%) (37.6%) (56.2%) 9.5% NA
Asset Turnover
Total Asset Turnover 1.0x 0.7x 0.5x 0.5x 0.5x NA
Fixed Asset Turnover 1.5x 0.9x 0.7x 0.6x 0.7x NA
Accounts Receivable Turnover 13.4x 10.0x 9.6x 8.4x 6.4x NA
Inventory Turnover 31.9x 32.7x 30.7x 27.8x 28.7x NA
Short Term Liquidity

Current Ratio 0.7x 0.7x 0.7x 1.8x 2.3x NA
Quick Ratio 0.6x 0.6x 0.5x 0.7x 1.2x NA
Cash from Ops. to Curr. Liab. 1.4x 0.0x 0.5x 0.1x 0.4x NA
Avg. Days Sales Out. 27.2 36.6 38.1 43.6 56.7 NA
Avg. Days Inventory Out. 11.4 11.2 11.9 13.1 12.7 NA
Avg. Days Payable Out. 76.5 90.2 67.5 57.9 53.8 NA
Avg. Cash Conversion Cycle (37.8) (42.4) (17.5) (1.2) 15.6 NA
Long Term Solvency

Total Debt/Equity 55.9% 107.5% 130.9% 15.1% 9.1% 6.8%
Total Debt/Capital 35.9% 51.8% 56.7% 13.1% 8.3% 6.3%
LT Debt/Equity 43.2% 97.9% 113.8% 10.0% 7.3% NA
LT Debt/Capital 27.7% 47.2% 49.3% 8.7% 6.7% NA
Total Liabilities/Total Assets 51.4% 59.2% 63.0% 21.8% 17.0% NA
EBIT / Interest Exp. 9.3x 4.4x 5.2x 5.1x 7.9x 12.0x

EBITDA / Interest Exp. 13.5x 5.6x 6.8x 7.1x 13.3x 20.3x
(EBITDA-CAPEX) / Interest Exp. 0.8x NM NM NM 8.2x 20.3x
Total Debt/EBITDA 1.4x 4.0x 4.6x 1.4x 0.9x 0.6x
Net Debt/EBITDA 1.0x 3.7x 4.5x 1.3x 0.7x NM
Total Debt/(EBITDA-CAPEX) 22.4x NM NM NM 1.4x 0.6x
Net Debt/(EBITDA-CAPEX) 15.1x NM NM NM 1.1x NM
Altman Z Score 1.64 1.13 1.01 7.98 7.7 NA
Growth Over Prior Year

Total Revenue 6.4% 5.4% 11.5% 16.7% 21.9% NA
Gross Profit 5.3% (8.6%) 25.8% 13.9% 0.4% NA
EBITDA 6.4% (17.5%) 27.3% 13.9% 0.7% NA
EBITA (11.7%) (4.2%) 22.8% 6.6% (16.7%) NA
EBIT (11.7%) (4.2%) 22.8% 6.6% (16.7%) NA
Earnings from Cont. Ops. (35.0%) 47.9% (21.0%) 36.5% (19.2%) NA
Net Income (34.1%) 46.0% (21.0%) 32.6% (19.6%) NA
Normalized Net Income (18.8%) (15.5%) 39.6% 5.8% (10.0%) NA
Diluted EPS before Extra (34.1%) 46.1% (20.9%) (27.3%) 18.6% NA
Accounts Receivable 42.5% 40.4% (0.8%) 68.6% 52.8% NA

Inventory (10.0%) 28.6% 2.1% 57.6% 6.3% NA
Net PP&E 99.2% 60.5% 35.4% 26.7% (0.5%) NA
Total Assets 62.0% 43.4% 34.6% 41.7% (2.3%) NA
Tangible Book Value 16.4% 34.0% 22.7% 197.5% 3.7% NA

Common Equity 19.6% 21.7% 22.9% 198.9% 3.8% NA
Cash from Ops. 2,325.5% (96.3%) 1,223.2% (76.9%) 146.5% NA
Capital Expenditures 132.1% 56.3% 59.5% (12.5%) (77.2%) NA
Levered Free Cash Flow NM NM NM NM NM NA
Unlevered Free Cash Flow NM NM NM NM NM NA
Dividend per Share NA NA NA NA NA NA
Compound Annual Growth Rate Over Two Years

Total Revenue 10.6% 5.9% 8.4% 14.1% 19.3% NA
Gross Profit 21.2% (1.9%) 7.2% 19.7% 6.9% NA
EBITDA 26.7% (6.3%) 2.5% 20.4% 7.1% NA
EBITA 76.0% (8.0%) 8.4% 14.4% (5.8%) NA
EBIT 76.0% (8.0%) 8.4% 14.4% (5.8%) NA
Earnings from Cont. Ops. 27.9% (1.9%) 8.1% 3.9% 5.0% NA
Net Income 22.7% (1.9%) 7.4% 2.4% 3.3% NA
Normalized Net Income 47.5% (17.1%) 8.6% 21.5% (2.4%) NA
Diluted EPS before Extra 22.6% (1.9%) 7.5% (24.2%) (7.2%) NA
Accounts Receivable 34.5% 41.5% 18.0% 29.3% 60.5% NA

Inventory (2.4%) 7.6% 14.6% 26.9% 29.4% NA
Net PP&E 50.6% 78.8% 47.4% 31.0% 12.3% NA
Total Assets 52.0% 52.4% 39.0% 38.1% 17.6% NA

Common Equity 28.7% 20.7% 22.3% 91.7% 76.1% NA
Cash from Ops. 13.7% (5.2%) (30.0%) 74.7% (24.6%) NA
Capital Expenditures 143.7% 90.4% 57.9% 18.1% (55.4%) NA
Levered Free Cash Flow 10.4% NM NM NM NM NA
Unlevered Free Cash Flow 13.9% NM NM NM NM NA
Compound Annual Growth Rate Over Three Years

Total Revenue 15.7% 8.9% 7.7% 11.1% 16.7% NA
Gross Profit 16.2% 10.3% 6.6% 9.4% 12.9% NA
EBITDA 17.6% 9.8% 3.8% 6.1% 13.4% NA
EBITA 9.9% 43.7% 1.3% 7.8% 2.9% NA
EBIT 9.9% 43.7% 1.3% 7.8% 2.9% NA
Earnings from Cont. Ops. (0.8%) 34.3% (8.7%) 16.8% (4.5%) NA
Net Income 0.5% 30.0% (8.7%) 15.2% (5.6%) NA
Normalized Net Income 5.1% 22.5% (1.4%) 7.7% 9.9% NA
Diluted EPS before Extra 0.2% 30.0% (8.7%) (5.7%) (12.0%) NA
Accounts Receivable 28.9% 36.5% 25.7% 32.9% 36.7% NA

Inventory 8.7% 7.0% 5.7% 27.4% 19.6% NA
Net PP&E 81.0% 53.8% 63.0% 40.2% 19.5% NA
Total Assets 49.8% 49.1% 46.3% 39.9% 23.1% NA

Common Equity 26.0% 26.3% 21.4% 64.8% 56.2% NA
Cash from Ops. NM (63.7%) 128.3% (51.6%) 95.9% NA
Capital Expenditures 51.3% 110.1% 79.5% 29.7% (31.8%) NA
Levered Free Cash Flow NA NM NM NM NM NA
Unlevered Free Cash Flow NA NM NM NM NM NA
Compound Annual Growth Rate Over Five Years

Total Revenue NA NA 12.7% 10.9% 12.2% NA
Gross Profit NA NA 12.5% 14.0% 6.7% NA
EBITDA NA NA 11.3% 13.9% 5.1% NA
EBITA NA NA 9.3% 31.2% (1.6%) NA
EBIT NA NA 9.3% 31.2% (1.6%) NA
Earnings from Cont. Ops. NA NA 2.7% 21.1% (3.5%) NA
Net Income NA NA 3.2% 18.1% (4.1%) NA
Normalized Net Income NA NA 6.5% 22.1% (1.8%) NA
Diluted EPS before Extra NA NA 3.1% 4.8% (8.1%) NA
Accounts Receivable NA NA 24.4% 33.5% 38.6% NA

Inventory NA NA 11.0% 14.6% 14.6% NA
Net PP&E NA NA 66.7% 44.2% 40.4% NA
Total Assets NA NA 45.4% 44.6% 34.1% NA
Tangible Book Value NA NA 25.1% 51.6% 42.6% NA

Common Equity NA NA 24.5% 49.2% 40.9% NA
Cash from Ops. NA NA NM (31.9%) 46.6% NA
Capital Expenditures NA NA 53.9% 66.9% 2.9% NA
Levered Free Cash Flow NA NA NA NM NM NA
Unlevered Free Cash Flow NA NA NA NM NM NA
Shalby Limited (BSE:540797) > Financials > Supplemental
In Millions of INR, except per share items. Restatement: Latest Filings Period Type: Annual
Decimals: Capital IQ (Default)
Supplemental
Mar-31-2014 Mar-31-2015 Mar-31-2016 Mar-31-2017 Mar-31-2018 Mar-31-2019
Loss Carry Forward Related Items
Tax Benefit C/F, After Five Years - - - - 400.6 485.3
Total Tax Benefit C/F - - - - 400.6 485.3
Fair Value Measurements

Level 1 Assets - Quoted Prices - - - - - 107.8
Level 3 Assets - Unobservable Prices - - - 1.1 1.1 1.1
Fair Value of Assets - - - 1.1 1.1 108.9
Filing Date Nov-30-2017 Nov-30-2017 Nov-30-2017 Aug-22-2018 Aug-01-2019 Aug-01-2019

Exchange Rate 1.0 1.0 1.0 1.0 1.0 1.0
Shalby Limited (BSE:540797) > Financials > Industry Specific
Industry Specific
Facility Stats
Consolidated Hospitals and Facilities - - - - - 48
Non-Consolidated Hospitals and Facilities - - - - - 0
Total Hospitals and Facilities - - - - - 48
Licensed Beds 674 907 1,295 2,012 2,012 2,012
Beds in Service 455 593 823 781 1,150 1,102
Inpatient Surgeries and Procedures 12,442 13,691 14,286 15,215 17,554 19,908
Total Surgeries and Procedures 12,442 13,691 14,286 15,215 17,554 19,908
Average Length of Stay (Days) 4.0 4.0 4.1 - 3.7 2.7
Occupancy Rate 39.6% 41.0% 31.8% 39.0% 57.0% 55.0%
Expenses as % of Revenue
Salaries and Benefits 7.0% 7.6% 10.5% 12.7% 12.7% 14.8%
Supplies 27.4% 27.0% 25.6% 12.9% 14.1% 15.4%
Provisions for Doubtful Accounts - 0.3% 0.0% - - -
Other Operating Expenses (0.1%) (0.1%) (0.1%) 5.0% 4.4% 3.3%
Outpatient Services 6.5% 6.7% 6.8% 8.0% 9.4% 11.2%
Inpatient Services 93.5% 93.3% 93.2% 92.0% 90.6% 88.8%
Payor Mix as % of Revenue

Medicare 8.3% 8.3% 9.8% - - -
Managed Care 31.3% 33.6% 21.9% - - -
Uninsured 60.4% 58.1% 68.1% - - -
Other Items
Net Inpatient Revenues 2,279.1 2,433.4 2,571.2 2,810.7 3,226.8 3,885.2
Net Outpatient Revenues 157.3 174.0 189.0 243.2 334.5 489.1
Net Patient Revenues 2,436.3 2,607.4 2,760.2 3,053.9 3,561.4 4,374.4
Operating Expense - Supplies 710.0 744.2 743.2 417.7 534.2 711.0

Exchange Rate 1.0 1.0 1.0 1.0 1.0 1.0
Shalby Limited (BSE:540797) > Financials > Pension/OPEB
Pension/OPEB
Pension Information - Total
Defined Benefit Net Periodic Cost
Def. Benefit Service Cost 3.0 3.2 6.4 10.8 10.1 12.0
Def. Benefit Plan Interest Cost 0.6 0.7 0.9 1.2 1.9 2.3
Def. Benefit Plan Return on Assets (0.5) (1.3) (0.7) (0.6) (0.6) (1.1)
Def. Benefit Plan Other Cost (2.1) 0.8 0.9 2.3 (3.1) 0.0
Def. Benefit Plan Total Cost 1.0 3.5 7.4 13.7 8.4 13.2
Def. Contribution Plan Cost 2.4 3.6 11.6 11.6 16.8 15.9
Total Pension Expense 3.3 7.1 19.0 25.3 25.1 29.1
Defined Benefit Obligation

Beg. Def. Benefit Obligation 6.1 8.3 11.3 17.6 28.8 31.7
Def. Benefit Interest Cost 0.6 0.7 0.9 1.2 1.9 2.3
Def. Benefit Actuarial Gain/Losses (2.4) 0.1 (0.2) 2.8 (4.9) (2.0)
Def. Benefits Paid (1.4) (1.4) (1.2) (3.5) (4.7) (7.2)
Other Adj. To Def. Benefit Obligation 2.3 - 0.4 - 0.5 -
Proj. Benefit Obligation (Pension) 8.3 10.9 17.6 28.8 31.7 36.7
Plan Assets
Beg. Plan Assets 3.4 6.9 7.0 7.2 6.2 11.9
Actual Return on Plan Assets 0.5 0.6 0 0.5 (0.1) 0.2
Employer Contributions 1.7 - 0.2 0.3 7.0 5.6
Benefits Paid (0.7) (0.4) - (1.0) (1.1) (2.7)
Other Plan Adjustments 2.1 - - (0.8) - -
Total Plan Assets 6.9 7.0 7.2 6.2 11.9 15.0
Weighted Avg. Assumptions on Net Periodic Cost
Exp. Long-Term Rate of Return on Assets - Min 9.0% 8.7% 7.8% 7.1% 7.6% 7.6%
Exp. Long-Term Rate of Return on Assets - Max 9.0% 8.7% 7.8% 7.1% 7.6% 7.6%
Breakdown of Plan Assets

Other Plan Assets (%) 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%

Other Plan Assets 6.9 7.0 7.2 6.2 11.9 15.0
Weighted Avg. Assumptions on Def. Benefit Obligation

PBO Assumed Rate of Return - Min - - - 7.1% 7.6% 7.6%
PBO Assumed Rate of Return - Max - - - 7.1% 7.6% 7.6%
Rate of PBO Compensation Increase - Min - - - 6.0% 6.0% 6.0%
Rate of PBO Compensation Increase - Max - - - 6.0% 6.0% 6.0%
Estimated Future Benefits Paid

Est. Future Benefits Paid - 1st Yr - - - - 3.3 3.6
Est. Future Benefits Paid - 2nd Yr - - - - 3.4 3.9
Est. Future Benefits Paid - 3rd Yr - - - - 3.3 3.9
Est. Future Benefits Paid - 4th Yr - - - - 3.4 4.0
Est. Future Benefits Paid - Thereafter - - - - 16.2 17.4
Adj. for Liability Recognized on Balance Sheet

Net Asset/Liability Recognized on Balance Sheet (1.4) (3.9) (10.4) (22.7) (19.8) (21.7)
Consolidated Balance Sheet Amounts

Long Term Assets 3.1 1.6 - - - -
Current Liabilities (0.9) (0.3) (1.4) (7.5) (6.1) (6.5)
Long Term Liabilities (4.1) (5.6) (9.0) (15.2) (13.7) (15.2)
Other Pension Related Items

Est. Contributions - Next Year - - - - 3.7 3.7
Benefit Info Date - - Mar-31-2016 Mar-31-2017 Mar-31-2018 Mar-31-2019
Pension Information - Domestic

Defined Benefit Net Periodic Cost
Def. Benefit Return On Assets (0.5) (1.3) (0.7) (0.6) (0.6) (1.1)
Def. Benefit Other Cost (2.1) 0.8 0.9 2.3 (3.1) 0.0
Def. Benefit Total Cost 1.0 3.5 7.4 13.7 8.4 13.2
Defined Benefit Obligation

Beg. Def. Benefit Obligation 6.1 8.3 11.3 17.6 28.8 31.7
Def. Benefit Actuarial Gain/Losses (2.4) 0.1 (0.2) 2.8 (4.9) (2.0)
Def. Benefits Paid (1.4) (1.4) (1.2) (3.5) (4.7) (7.2)
Other Adj. To Def. Benefit Obligation 2.3 - 0.4 - 0.5 -
Proj. Benefit Obligation (Pension) - Domestic 8.3 10.9 17.6 28.8 31.7 36.7
Plan Assets
Beg. Plan Assets 3.4 6.9 7.0 7.2 6.2 11.9
Actual Return on Plan Assets 0.5 0.6 0 0.5 (0.1) 0.2
Employer Contributions 1.7 - 0.2 0.3 7.0 5.6
Benefits Paid (0.7) (0.4) - (1.0) (1.1) (2.7)
Other Plan Adjustments 2.1 - - (0.8) - -
Total Plan Assets 6.9 7.0 7.2 6.2 11.9 15.0
Weighted Avg. Assumptions on Net Periodic Cost

Exp. Long-Term Rate of Return on Assets - Min 9.0% 8.7% 7.8% 7.1% 7.6% 7.6%
Exp. Long-Term Rate of Return on Assets - Max 9.0% 8.7% 7.8% 7.1% 7.6% 7.6%

Other Plan Assets (%) 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%

Other Plan Assets 6.9 7.0 7.2 6.2 11.9 15.0
Weighted Avg. Assumptions on Def. Benefit Obligation

PBO Assumed Rate of Return - Min 9.1% 7.7% 7.8% 7.1% 7.6% 7.6%
PBO Assumed Rate of Return - Max 9.1% 7.7% 7.8% 7.1% 7.6% 7.6%
Rate of PBO Compensation Increase - Min 6.0% 6.0% 6.0% 6.0% 6.0% 6.0%
Rate of PBO Compensation Increase - Max 6.0% 6.0% 6.0% 6.0% 6.0% 6.0%
Estimated Future Benefits Paid
Est. Future Benefits Paid - 1st Yr - - - - 3.3 3.6
Est. Future Benefits Paid - 2nd Yr - - - - 3.4 3.9
Est. Future Benefits Paid - 3rd Yr - - - - 3.3 3.9
Est. Future Benefits Paid - Thereafter - - - - 16.2 17.4
Adj. for Liability Recognized on Balance Sheet

Net Asset/Liability Recognized on Balance Sheet (1.4) (3.9) (10.4) (22.7) (19.8) (21.7)
Consolidated Balance Sheet Amounts

Long Term Assets 3.1 1.6 - - - -
Current Liabilities (0.9) (0.3) (1.4) (7.5) (6.1) (6.5)
Long Term Liabilities (4.1) (5.6) (9.0) (15.2) (13.7) (15.2)
Other Pension Related Items

Est. Contributions - Next Year - - - - 3.7 3.7
Benefit Info Date - - Mar-31-2016 Mar-31-2017 Mar-31-2018 Mar-31-2019

Exchange Rate 1.0 1.0 1.0 1.0 1.0 1.0
Shalby Limited (BSE:540797) > Financials > Segments
In Millions of INR. View By: Line Items Restatement: Latest Filings

Business Segments
Revenues
Setting up and Managing Hospitals and Medical Diagnostic Services 2,588.9 2,754.2 2,904.1 3,237.7 3,779.9 4,609.6
Total Revenues 2,588.9 2,754.2 2,904.1 3,237.7 3,779.9 4,609.6
Interest Expense
Setting up and Managing Hospitals and Medical Diagnostic Services (20.1) (50.2) (100.2) (104.3) (113.9) (61.3)
Total Interest Expense (20.1) (50.2) (100.2) (104.3) (113.9) (61.3)
Net Profit Before Tax

Setting up and Managing Hospitals and Medical Diagnostic Services 521.4 430.3 359.2 505.0 537.3 503.9
Total Net Profit Before Tax 521.4 430.3 359.2 505.0 537.3 503.9
Tax Expense
Setting up and Managing Hospitals and Medical Diagnostic Services 144.0 184.8 (4.0) 218.0 145.6 187.3
Total Tax Expense 144.0 184.8 (4.0) 218.0 145.6 187.3
Net Profit After Tax

Total Net Profit After Tax 390.3 257.3 375.8 296.9 393.8 316.6
Assets
Setting up and Managing Hospitals and Medical Diagnostic Services 2,168.3 3,513.4 5,039.1 6,785.1 9,614.2 9,391.6
Total Assets 2,168.3 3,513.4 5,039.1 6,785.1 9,614.2 9,391.6
Depreciation & Amortization

Total Depreciation & Amortization 110.1 212.4 113.3 164.2 227.1 329.8
Capital Expenditure
Setting up and Managing Hospitals and Medical Diagnostic Services (273.4) (634.3) (991.4) (1,581.2) (1,383.6) (314.9)
Total Capital Expenditure (273.4) (634.3) (991.4) (1,581.2) (1,383.6) (314.9)

Exchange Rate 1.0 1.0 1.0 1.0 1.0 1.0
Geographic
For the Fiscal Segments
Period Ending 12 months 12 months 12 months 12 months 12 months 12 months
Revenues
India 2,138.9 2,246.9 2,443.1 3,166.0 3,792.0 4,585.0
International 140.2 186.5 128.1 139.0 131.0 121.0
Unallocated out Patient Discharge 122.3 132.9 151.6 - - -
Unallocated Dental Care Services 35.0 41.1 37.5 - - -
Unallocated Diagnostic Services 59.4 59.5 53.7 - - -
Unallocated Clinical Trials 5.5 4.4 3.1 - - -
Total Revenues 2,501.2 2,671.3 2,817.1 3,305.0 3,923.0 4,706.0

Exchange Rate 1.0 1.0 1.0 1.0 1.0 1.0

Shalby Limited BSE 540797 Financials

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Shalby Limited BSE 540797 Financials

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Shalby Limited (BSE:540797) > Financials > Key Stats

Total Revenue 2,904.1 3,237.7 3,779.9 4,609.6 4,901.6 5,183.0

Gross Profit 725.6 912.8 1,039.4 1,043.7 1,196.4 -

EBITDA 558.2 710.5 809.4 815.0 989.5 987.0

EBIT 444.9 546.3 582.3 485.2 582.7 -

Earnings from Cont. Ops. 363.2 287.0 391.7 316.5 474.4 -

Net Income 375.8 296.9 393.8 316.6 474.4 475.0

Currency INR INR INR INR INR INR

Current Capitalization (Millions of INR)

Market Capitalization 8,748.8

Book Value of Common Equity 8,082.9

TEV/EBITDA 11.4x 8.4x 8.42x 7.24x 6.20x

TEV/EBIT 19.2x 14.3x - - -

P/Diluted EPS Before Extra 27.6x 18.5x 18.41x 15.00x 11.91x

P/BV 1.1x 1.1x 1.07x 1.01x 0.95x

Price/Tang BV 1.1x 1.1x - - -

Revenue 2,754.2 2,904.1 3,237.7 3,779.9 4,609.5 4,901.5

Cost Of Goods Sold 1,960.1 2,178.5 2,324.8 2,740.6 3,565.9 3,705.3

Operating Income 464.5 444.9 546.3 582.3 485.2 582.7

Interest Expense (50.2) (100.2) (104.3) (113.9) (61.3) (48.8)

Currency Exchange Gains (Loss) 2.7 - 28.2 (16.8) 0 0

Income Tax Expense 184.8 (4.0) 218.0 145.6 187.3 137.1

Earnings of Discontinued Ops. - - - - - -

Minority Int. in Earnings 11.8 12.6 9.9 2.1 0.1 0.1

Pref. Dividends and Other Adj. 0.3 0.3 - 160.3 - -

Per Share Items

Diluted EPS 2.94 4.3 3.4 2.47 2.93 4.39

Dividends per Share NA NA NA NA 0.5 NA

Normalized Net Income 274.8 232.3 324.2 343.0 308.6 375.8

Supplemental Operating Expense Items

Currency INR INR INR INR INR INR

Accounts Receivable 241.6 339.2 336.3 566.9 866.4 -

Goodwill 161.7 11.3 19.6 101.6 101.6 -

Long-Term Debt 737.3 2,010.7 2,854.0 754.4 569.1 -

Pref. Stock, Convertible 4.3 5.3 - - - -

Common Stock 349.4 873.6 874.1 1,080.1 1,080.1 -

Minority Interest 23.3 3.7 (6.2) 0.6 0.5 -

Total Equity 1,707.6 2,053.9 2,507.8 7,515.1 7,798.4 8,083.4

Total Liabilities And Equity 3,513.4 5,039.1 6,785.1 9,614.2 9,391.6 -

Currency INR INR INR INR INR INR

Net Income 257.3 375.8 296.9 393.8 316.6 -

Other Amortization - - 2.8 1.4 1.9 -

Capital Expenditure (634.3) (991.4) (1,581.2) (1,383.6) (314.9) -

Short Term Debt Issued - - - - - -

Issuance of Common Stock - - 6.5 4,884.5 - -

Pref. Dividends Paid (0.2) (0.2) - - - -

Special Dividend Paid - - - - - -

Misc. Cash Flow Adj. - - - 3.7 - -

Currency INR INR INR INR INR INR

View: Data Frequency: Quarterly

For Quarter Ending Sep-28-2018 Dec-31-2018 Mar-29-2019 Jun-28-2019 Sep-30-2019

TEV/NTM Total Revenues Average - - - - -

TEV/LTM EBITDA Average 21.34x 20.25x 18.49x 17.79x 12.30x

TEV/NTM EBITDA Average - - - - -

TEV/LTM EBIT Average 27.98x 27.50x 25.11x 24.99x 18.32x

P/LTM EPS Average 55.02x 53.35x 48.42x 44.21x 25.05x

P/NTM EPS Average - - - - -

P/LTM Normalized EPS Average 40.78x 39.29x 35.65x 36.94x 29.21x

P/BV Average 2.09x 2.16x 1.96x 1.79x 1.23x

P/Tangible BV Average 2.12x 2.19x 1.99x 1.82x 1.25x

TEV/LTM Unlevered FCF Average NM NM NM - -

Market Cap/LTM Levered FCF Average NM NM NM - -

riod end date.

Market Capitalization** - - 16,817.1 9,299.6