Sunteck Brand Portfolio and Financial Highlights
Financial Highlights
Consolidated Debt Trend
In Q1 FY2022, the consolidated net debt to equity has been reduced significantly to 0.17x.
Consolidated debt trend
FY 2020 FY 2021
Q1 FY22
Secured Debt
7,903
5,969
5,871
Less: Cash & Bank Balance
1,662
991
880
Less Interest-bearing refundable deposit / loan to JDA partners
475
341
313
Net Secured Debt
5,766
4,637
4,678
Unsecured Debt
392
Adjusted Net Debt
Networth
Adj. Net Debt/Equity
Add: Quasi-Equity*
Total Adjusted Net Debt
6,158
4,637
4,678
27,487 27,724 27,776
0.24
0.18
0.17
912
910
884
7,070
5,547
5,562
Total Adj. Net Debt/Equity
All figures are in Rs. Million
0.26
0.20
0.20
Sunteck
*With effect from 9th March, 2020, Starlight Systems (1) LLP became a wholly owned subsidiary of SRL pursuant to the retirement of PDL Realty
Pvt Ltd (Retired Partner). The Retired Partner's balance of current capital and fixed capital in SSILLP, aggregating to ~910 mn have been
converted into a loan. The said loan will be in the form of 1% secured NCDs, which will be redeemed at premium out of the future free cash flow
from the specified projects only with a tenure of 20 years.
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