Galaxy Agrico Exports Ltd.

About

Galaxy Agrico Exports Limited manufactures and trades in automotive and industrial bearings and forged rings in India. It operates through Automotive & Industrial Bearing Rings; and Trading in Commodities segments. The company offers forged and stamped hoes; forged pick axes, picks and cutter mattocks, and beaters; forged spades and stamped shovels; forged and welded forks; cultivators, leaf and garden rakes, dutch and draw hoes, scarapers, edging knifes, and hand tools; diggers; cultivator blades; tampers, heavy bars, bars, and pullers and rippers; forged axes and wood wedges; and forged hammers under the GALAXY brand. It also trades in agricultural tools and equipment; and offers job work services. The company exports its products to approximately 39 countries, including Europe, the United States, Central and Latin America, Africa, Saudi Arabia, the United Arab Emirates, and other countries. Galaxy Agrico Exports Limited was incorporated in 1994 and is based in Rajkot, India.

Quarterly Results

Rs. Crores · hover row for definition

Metric	Sep 2018	Jun 2018	Mar 2018	Dec 2017	Sep 2017	Jun 2017	Mar 2017	Dec 2016	Mar 2016	Dec 2015	Sep 2015	Jun 2015	Mar 2015
Sales	1.56	1.12	1.51	1.33	1.35	1.63	1.71	1.32	2.01	1.56	1.11	1.24	1.00
Expenses	1.47	1.02	1.37	1.16	1.16	1.54	1.57	1.24	1.40	1.00	0.74	1.24	0.88
Operating Profit	0.09	0.10	0.14	0.17	0.19	0.09	0.14	0.08	0.61	0.56	0.37	0.00	0.12
OPM %	5.77	8.93	9.27	12.78	14.07	5.52	8.19	6.06	30.35	35.90	33.33	0.00	12.00
Other Income	0.05	0.02	-0.02	0.02	0.04	0.03	0.09	0.02	-0.10	0.00	0.10	0.00	0.03
Depreciation	0.11	0.10	0.10	0.12	0.12	0.12	0.30	0.15	0.29	0.22	0.22	0.25	1.18
Interest	0.00	0.00	0.00	0.00	0.00	0.03	0.03	0.03	0.06	0.06	0.07	0.07	0.10
Profit before tax	0.03	0.02	0.02	0.07	0.11	-0.03	-0.10	-0.08	0.16	0.28	0.18	-0.32	-1.13
Tax %	-100.00	-100.00	-350.00	0.00	0.00	0.00	-110.00	0.00	-75.00	0.00	0.00	0.00	0.00
Net Profit	0.06	0.04	0.08	0.07	0.11	-0.03	0.01	-0.08	0.29	0.27	0.18	-0.32	-1.13
EPS in Rs	0.04	0.02	0.05	0.04	0.07	-0.02	0.01	-0.05	0.18	0.16	0.11	-0.20	-0.69

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Sales	5.85	5.63	5.71	4.83	5.76
Expenses	5.36	4.99	4.37	4.19	5.10
Operating Profit	0.49	0.64	1.34	0.64	0.66
OPM %	8.38	11.37	23.47	13.25	11.46
Other Income	0.14	0.14	0.19	0.05	0.00
Interest	0.03	0.12	0.25	0.31	0.41
Depreciation	0.46	0.75	0.98	1.76	0.42
Profit before tax	0.14	-0.09	0.30	-1.38	-0.17
Tax %	-50.00	-122.22	-40.00	-26.81	-23.53
Net Profit	0.20	0.01	0.43	-1.00	-0.13
EPS in Rs	0.12	0.01	0.26	-0.61	-0.08
Dividend Payout %	0.00	0.00	0.00	0.00	0.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Sep 2018	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Equity Capital	3.91	3.91	3.91	3.91	3.91	3.91
Reserves	0.84	0.76	0.56	0.55	0.12	1.12
Borrowings	0.00	0.00	0.65	1.28	2.25	3.01
Other Liabilities	0.92	0.77	0.78	0.67	0.65	1.16
Total Liabilities	5.67	5.44	5.90	6.41	6.93	9.20
Fixed Assets	2.59	2.70	3.01	3.67	4.59	6.22
CWIP	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.43	0.43	0.06	0.06	0.06	0.06
Other Assets	2.65	2.31	2.83	2.68	2.28	2.92
Total Assets	5.67	5.44	5.90	6.41	6.93	9.20

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Cash from Operating Activity	1.30	0.40	1.18	0.54	0.69
Cash from Investing Activity	-0.40	0.04	0.09	0.13	0.02
Cash from Financing Activity	-0.68	-0.53	-1.21	-0.65	-0.67
Net Cash Flow	0.22	-0.09	0.05	0.02	0.04
Free Cash Flow	1.20	0.33	1.21	0.41	0.69
CFO/OP %	265.00	62.00	91.00	92.00	108.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Debtor Days	66.76	77.80	67.76	49.12	62.73
Inventory Days	146.89	205.31	147.32	129.78	160.40
Days Payable	120.18	141.94	74.76	38.53	44.19
Cash Conversion Cycle	93.47	141.17	140.32	140.37	178.95
Working Capital Days	79.24	86.87	56.89	34.76	46.26
ROCE %	2.25	0.18	7.49	-14.94	—

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	0.05	2.31	65.22	61.47	61.47	65.22	65.22	65.22	65.22	71.74	73.22	73.22
Public	99.95	97.69	34.78	38.54	38.54	34.79	34.78	34.77	34.78	28.27	26.79	26.78
No. of Shareholders	1,096	1,117	811	854	859	898	881	898	873	739	580	569