Gland B2B Business Model and Growth Strategy
Proven Track Record of Financial Performance (Cont'd)
Net Worth (1)
(INR Mn)
Strives to be a Capital Efficient Business. Company has no Significant Borrowings
Cash and Bank Balances / Net Cash (2)
(INR Mn)
35% CAGR
59,032
36,462
28,620
24,104
FY18
FY19
FY20
Strong Profitability Driving Growth in the Capital Base
FY21
13,252 13,202
6,708 6,649
7,533 7,479
30,058 30,017
FY18
FY19
■Cash and cash equivalents
FY20
FY21
Net Cash
Maintained a Significant Net Cash Position over the Last 3 Years
Asset Turnover Ratio (3)(4)
ROCE (5)/RONW (6)
2.8
(%)
2.4
0.7
2.0
0.6
0.6
0.6
1.6
Asset Turnover
FY18 ■FY19 ■FY20 FY21
Fixed Asset Turnover
Consistent Improvement in Asset Utilization to Generate Revenue
33%
32%
20%
21%
17%
17%
15%
21%
13%
17%
16%
13%
FY18
FY19
ROCE (ex-cash)
FY20
FY21
ROCE
RONW
Consistent Improvement in Profitability
35
Note: (1) Net Worth refers to sum of equity share capital and other equity. (2) Net Cash refers to Cash and Bank Balances less Non-current borrowings (including current maturities). (3) Asset Turnover is calculated as Total Income for the year divided
by total assets on the last day of the fiscal year. (4) Fixed Asset Turnover is calculated as Total Income for the year divided by total fixed assets (Property, plant and equipment on the last day of the fiscal year + Right-of-use assets + Capital work in
progress on the last day of the fiscal year). (5) Return on Capital Employed (ROCE) = Profit for the year / Capital Employed on the last day of the fiscal year. Capital Employed represents Total Assets - Current Liabilities. (6) Return on Net Worth
(RONW) Profit for the year / Net Worth on the last day of the fiscal year. Net Worth represents sum of equity share capital and other equity;
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