Financials
Financial Highlights & Key Ratios Shoppers S<strong>to</strong>p Ltd. (` in lacs) Profitability Statement 2015-16 2014-15 2013-14 2012-13 2011-12 No. of S<strong>to</strong>res 153 145 137 104 91 Income Gross retail sales 376,804 342,123 305,215 <strong>25</strong>6,050 218,919 Less: Value added tax 17,969 16,095 14,582 12,074 10,505 Gross retail sales (net of taxes) 358,835 326,027 290,633 243,977 208,414 Other operating & miscellineous income 6,572 4,490 3,381 3,241 2,799 365,407 330,517 294,014 247,218 211,213 Expenditures Cost of goods sold 231,245 207,806 188,096 159,065 136,775 Employee costs 24,546 22,703 20,445 16,106 12,764 Operating and administrative expenses 87,585 80,861 70,108 58,973 47,369 343,376 311,370 278,648 234,145 196,908 EBIDTA Interest and finance charges 22,031 3,818 19,147 3,610 15,366 2,850 13,073 1,899 14,305 752 Depreciation 9,856 8,581 6,178 5,075 3,772 Profit before tax before exceptional items 8,357 6,956 6,338 6,100 9,781 Exceptional items 2,381 - 67 74 - Profit before tax after exceptional items 5,976 6,956 6,271 6,026 9,781 Profit after tax 2,518 4,074 3,700 3,917 6,426 Balance Sheet Items Share capital 4,173 4,168 4,161 4,149 4,128 Optionally convertible warrants 29 - - - - Reserve & surplus 74,341 72,360 68,706 65,233 61,722 Loan funds 59,018 51,839 45,131 32,934 <strong>25</strong>,907 Deferred tax (liability)/assets (168) (956) (996) (6<strong>25</strong>) (23) Capital employed 137,728 129,323 118,994 102,941 91,780 Fixed assets 65,943 64,572 58,090 48,336 44,659 Net working capital (352) (1,605) (3,734) (1,545) (3,070) Profit & Loss Ratios Sales (chain level growth) 10.1% 12.1% 19.2% 17.0% 16.9% Sales (like <strong>to</strong> like growth) 8.5% 5.0% 10.2% 7.4% 6.5% Gross profit margin 33.9% 34.6% 33.6% 33.2% 32.7% Operating expenses ratio 29.8% 30.3% 29.7% 29.3% 27.5% Operating margin (EBIDTA) (before exceptional item) 5.8% 5.6% 5.0% 5.1% 6.5% PBT margin before exceptional item 2.2% 2.0% 2.1% 2.4% 4.5% PAT margin 0.7% 1.2% 1.2% 1.5% 2.9% Interest coverage 4.86 4.51 4.49 5.77 14.55 Balance Sheet Ratios Deb<strong>to</strong>rs no. of days 2 3 3 3 3 Credi<strong>to</strong>rs no. of days 78 88 90 90 86 S<strong>to</strong>ck turnover ratio 2.5 2.3 2.3 2.6 2.7 Current ratio 0.8 0.9 0.9 1.0 0.9 Assets turnover ratio 2.9 2.8 2.8 2.7 2.7 Debt equity ratio 0.8 0.7 0.6 0.5 0.4 Return <strong>to</strong> Inves<strong>to</strong>rs Return on networth 15.7% 14.1% 12.9% 11.8% 16.8% Return on capital employed 9.1% 8.5% 8.3% 8.2% 12.7% Book value per share (in `) 94.15 92.44 88.02 83.81 79.89 EPS (taking equity share for CY at ` 5/- and up<strong>to</strong> LY at ` 10/- each) (In `) Basic 3.0 5.0 4.5 4.7 7.8 Diluted 3.0 5.0 4.4 4.7 7.8 Cash EPS 14.83 15.29 11.93 10.86 12.37 Dividend per share 0.75 0.75 0.75 0.75 0.75 Note 1: Number of s<strong>to</strong>res includes the Shoppers S<strong>to</strong>p Department s<strong>to</strong>res and Speciality S<strong>to</strong>res (viz Home S<strong>to</strong>p, Mother Care,Crossword Books<strong>to</strong>res, Arcelia, Mac, Clinique, Estee Lauder & Airport Business). Note 2: Figures have been regrouped for Presentation purpose. Annual Report 2015-16 | 31