Nayara Energy Ltd Unlisted Shares
Nayara Energy Ltd.
Nayara Energy Ltd. was incorporated in the year 12-09-1989. Its today’s share price is 262.6. Its current market capitalisation stands at Rs 38094.55 Cr. In the latest quarter, company has reported Gross Sales of Rs. 855114.7 Cr and Total Income of Rs.721490.4 Cr. The company’s management includes Elena Sapozhnikova, Alexander Romanov, Krzysztof Zielicki, Chin Hwee Tan, Andrew Balgarnie, Jonathan Kollek, Didier Casimiro, Charles Anthony, Mayank Bhargava, R Sudarsan, Naina Lal Kidwai, Deepak Kapoor, C Manoharan. It is listed on the BSE with a BSE Code of 500134 , NSE with an NSE Symbol of ESSAROIL and ISIN of INE011A01019. It’s Registered office is at Khambhalia Post,Post Box No. 24,Dist. Devbhumi DwarkaKhambhalia-361305, Gujarat. Their Registrars are ACC Ltd. It’s auditors are Deloitte Haskins & Sells, Deloittee Haskins & Sells, SR Batliboi & Co LLP.
Promoters And Management:
1. B Anand, Chief Executive Officer
a) Experience in corporate finance, strategy, investment banking, and commodity trading.
b) Previously was the CFO of Trafigura India Private Limited; prior to Trafigura, was Group Director of Finance for Future Group and held senior positions with Vedanta Resources Group.
2. C Manoharan ,Director & Head of Refinery
a) Handled variety of assignments in key positions in Refining Operations, maintenance and Technical Services at Gujarat Refinery, Panipat Refinery as well as Head Office (Refinery Division).
b) Prior to Nayara Energy, he was Executive Director with IOCL at the Panipat Refinery.
3. Anup Vikal, Chief Financial Officer
a) Rich experience in the Banking and Finance industry.
b) Prior to Nayara Energy, he was the CFO of Snapdeal and has held senior positions with Aircel, Interglobe Aviation, COLT Telecom & Bharti Airtel.
Shareholding Pattern:
The Company has three biggest shareholders Namely Rosneft, Trafigura, and UCP Investment Group. Let us see their stakes percentage and brief about them.
1. Rosneft (49.13% Stake)
a) World’s largest publicly traded petroleum company – 6% of world oil production and a market capitalization of US$69.6bn
b) Ownership structure- : Russian Government – ~50%, BP – 19.75%, QH Oil Investments – 18.93%, Public / others – ~11.32%
c) FY2017 Key figures (as at 31 December 2017) : Revenue – US$104.3bn, Total Assets – US$212 Bn
2. Trafigura (24.07% Stake)
a) One of the leading commodity traders in the world and the largest independent LNG trader.
b) Two main lines of business: physical trading and industrial assets portfolio.
c) FY2017 Key figures (as at 30 September 2017): Revenue – US$136.4bn, Total Assets – US$48.6bn
3. UCP Investment Group (24.07%)
a) Independent, private investment group established in 2006.
b) Focused on investing in high-growth private companies or mature enterprises with a proven business model and stable cash-flow.
c) Total assets under management exceed US$3bn.
Financials of Nayara Energy (Formerly Essar Oil) Limited Unlisted Shares:
(Figures in Crores)
| Year | Revenue | EBITDA | OPM | Finance Cost | PAT | Shares | EPS |
| 2017 | 74,923 | 11169 | 14.9% | 3772 | -2523 | 150.716 | -16.74 |
| 2018 | 86,992 | 7984 | 9.2% | 3367 | 530 | 150.716 | 3.5 |
| 2019 | 1,00,313 | 5630 | 5.6% | 2562 | 688 | 150.716 | 4.56 |
| 2020 | 1,00,641 | 5697 | 5.66% | 2749 | *2500 | 150.716 |
*The higher PAT showed in FY19-20 as compared to FY18-19 is due to the addition of deferred tax.
FY19-20 Business Performance
Retail Business
1. The Retail segment yet again delivered a stupendous performance in FY 2020. The year over year volume growth was 18% against the industry’s year over year volume growth of 1%.
2. This year they have added 574 new petrol pumps. With 574 new outlets added last fiscal year, Nayara Energy stood at 5,702 fuel stations at the end of FY 2020 with a pan-India presence.
Supply and Distribution
1. The Company continues to focus on improving domestic supply infrastructure and hired a coastal terminal at Mangalore and Ennore for ensuring supply at Karnataka and Tamil Nadu.
2. It also commenced supplies from Bina and Kanpur hospitality locations to improve local product availability in Madhya Pradesh and Uttar Pradesh respectively.
3. Commissioned in 2019, the Company’s rail-fed Wardha depot uniquely caters to Nayara Energy’s retail outlets as well as product requirements from other oil companies in and around the Vidarbha region of Maharashtra. The Company finalized another rail-fed smart automated depot in Pali, which is expected to be completed by 2021.
4. Nayara Energy did the complete conversion of its own locations to BSVI grades in January 2020, ahead of the mandatory guidelines.
Institutional Business
1. Right channeling in priority markets resulted in increased sales for Petcoke. The Company also augmented new geographies of Orissa and Nepal for the Petcoke supply.
2. The Company recorded the highest-ever Sulphur sales in a year since the inception of the refinery and re-entered the Bitumen business after moving out last year.
FY19-20 Financial Performance
1. Revenue from operations was at ₹ 1,00,641 Crores for the financial year ended March 31, 2020, as compared to ₹1,00,313 Crores for the financial year ended March 31, 2019.
2. Current Price Gross Refinery Margin (CP GRM) was lower at USD 5.88/bbl in FY 2019-20 as against USD 6.97/bbl in FY 2018-19.
3. Total Debt has been reduced from 17566 Crores in FY19 to 10757 Crores.
4. D/E Stands at 0.55x.
5. Trade receivables have also come down from 3689 Crores to 1270 Crores. This has helped Nayara Energy to clocked 12612 Crores of Cash-flow from operations.
- Nayara Energy Limited Annual Report 2019-20
- Nayara Energy Limited Annual Report 2018-19
- Nayara Energy Limited Annual Report 2017-18
- Nayara Energy Limited Annual Report 2016-17
- Nayara Energy Limited Annual Report 2015-16
- Nayara Energy Limited Annual Report 2014-15
- Nayara Energy Limited Annual Report 2013-14
- Nayara Energy Limited Annual Report 2012-13
- Nayara Energy Limited Annual Report 2011-12
- Nayara Energy Limited Annual Report 2010-11
- Nayara Energy Limited Annual Report 2009-10
- Nayara Energy Limited Annual Report 2008-09
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Nayara Energy Limited Delisted Share – Company Overview
Nayara Energy Limited (formerly Essar Oil Limited) is a globally integrated oil refining company that covers the entire hydrocarbon value chain from refining to production and marketing, across segments, including retail. The company has positioned itself to fulfill about 10% of India’s petro products demand. In 2016, Rosneft along with an investment consortium comprising global commodity trading companies Trafigura & UCP Investment Group acquired Essar Oil Limited.
Nayara Energy Limited owns the Vadinar refinery of Gujarat, which is India’s second-largest single site, a state-of-the-art refinery. It constitutes approximately 8% of India’s refining capacity. The Vadinar refinery is one of the most modern and complex refineries in the world having a Nelson Complexity index of 11.8. The refinery has an annual capacity of 20 million metric tonnes (MMT) or 405,000 barrels per day (BPD). It is capable of processing some of the toughest crudes and yet produces high-quality Euro IV and Euro VI grade products. They are now producing high-quality Bharat Stage (BS-VI) compliant fuels that meet international standards.
The company is known for business across the entire hydrocarbon value chain from refining to retail and is working with a vision to deliver crude to chemicals. Nayara Energy Limited has a well-developed Process Safety Management (PSM) system, which covers the monitoring of multiple vital aspects of the Refinery functions, including Chemical Safety Management, Hazard Identification & Risk Analysis, Management of Change, and Asset Reliability.
Nayara Energy Limited is planning to invest Rs. 1.3 Lakh Crore to expand its capacity from 20 million metric tonnes (MMT) per annum to an additional 26 million metric tonnes (MMT) and a 10.75 million metric tonnes per annum (MMTPA) petrochemical complex. The expansion project is estimated to be completed by 2022 to 2024.
Nayara Energy Delisted Share Details as of March 31, 2022
| Nayara Energy Outstanding Shares: | 1,490,561,155 |
| Face Value of Nayara Energy Unlisted Share: | Rs. 10 Per Equity Share |
| ISIN of Nayara Energy Unlisted Share: | INE011A01019 |
| Lot Size of Nayara Energy Unlisted Share: | 100 Shares |
| Nayara Energy Current Share Price: | Best in Industry |
| PAN Number of Nayara Energy: | AAACE0890P |
| Date of Delisting of Nayara Energy | 31-Dec-15 |
| Rate of Delisting of Nayara Energy | Rs. 258.10 |
| Reason of Delisitng of Nayara Energy | SEBI (Delisting of Equity Shares) Regulations 2009 and SEBI (Delisting of equity shares) (Amendments) Regulations 2015. |
Nayara Energy Incorporation Details
Nayara Energy Limited CIN Number | U11100GJ1989PLC032116 |
Nayara Energy Limited Registration Date | 12-Sep-89 |
Category / Sub-Category of Nayara Energy | Public Limited Company |
Nayara Energy Registered Office Address | Khambhalia Post, Dist. Jamnagar, Gujarat – 361305 |
Nayara Energy Registrar & Transfer Agent Address and Contact Details | Link Intime India Private Limited, C-101, 247 Park, 1 st Floor L.B.S. Marg, Vikhroli (West), Mumbai – 400083 Tel: 022 – 49186270 |
Nayara Energy Principal Business Activities
| Name and Description of main products/services | NIC Code of the Product/ service | % to the total turnover of the company |
| Refining and Marketing | 19201 | 100% |
Particulars of Subsidiary Companies of Nayara Energy
| Name of the Company | % of shares held |
| Nayara Energy Singapore Pte. Limited | 100% |
| Coviva Energy Terminals Limited | 100% |
Shareholding Pattern of Nayara Energy (As of 31-03-2022)
| S. No. | Shareholder’s Name | No. of Shares | % of total Shares of the company |
| 1. | Promoters group | 0 | – |
| 2. | Public Shareholding | 1,49,05,61,155 | 100% |
| Total | 1,49,05,61,155 | 100% |
Board of Directors of Nayara Energy
Charles Anthony Fountain (Executive Chairman)
Chin Hwee Tan (Non-Executive Director)
Victoria Cunningham (Non-Executive Director)
Avril Conroy (Non-Executive Director)
Alexander Romanov (Non-Executive Director)
Deepak Kapoor (Independent Director)
Naina Lal Kidwai (Independent Director)
Alexey Lizunov (Non-Executive Director)
Prasad K Panicker (Director & Head of Refinery)
Sachin Gupta (Non-Executive Director)
Andrey Bogatenkov (Non-Executive Director)
Energy Industry Outlook
The Indian oil and gas market is expected to register a CAGR of more than 3% during the forecast period (2022-2027). The COVID-19 pandemic negatively affected the market. The revenue of oil and gas companies declined due to the unexpected lockdown. The demand for diesel, the most used fuel in the country, has fallen due to a significant reduction in traffic volumes on the roads. Factors such as the increasing natural gas pipeline capacity and the increasing demand for petroleum products are expected to drive the Indian oil and gas market during the forecast period. However, a huge dependence on imports of crude oil and natural gas for satisfying domestic demand and high volatility of crude oil prices are expected to hinder the growth of the Indian oil and gas market.
The refining capacity has been growing considerably over the recent past, owing to the expansion of several refinery projects. Therefore, the downstream sector is expected to witness growth during the forecast period.
There have been significant gas hydrate discoveries in the KG Basin. Economically feasible extraction of the gas hydrates may create immense opportunities for the companies, which may become a boom in natural gas production.
Owing to the increase in gas imports, the Indian government is increasing its investments in oil and gas pipelines and LNG terminals across the country. Therefore, the increasing investments in the midstream oil and gas sector are expected to drive the market.
The Indian energy demand is anticipated to grow by 50% in the next two decades. This growth in demand can be attributed to the growing world population and an improvement in living standards in developing countries. Even though new and renewable energy sources are gaining popularity around the world, petroleum fuel remains a major energy source globally. This trend is expected to continue for the next few decades and favors the growth of the oil and gas downstream market.
New refineries were set to be established in various parts of the country. For instance, in August 2021, Indian Oil Corporation Limited announced its plan to invest USD 15 billion to increase its refining capacity three times by 2025.
In January 2021, the state-run oil refiner Indian Oil’s board of directors approved setting up a new refinery in Nagapattinam in Tamil Nadu. The refinery is expected to have an annual refining capacity of 9 million metric tons and an investment of INR 31,500 crore.
Nayara Energy Limited Balance Sheet (In Rs. Millions)
| PARTICULARS | 2023 | 2022 | 2021 |
| ASSETS | |||
| Non-current assets | |||
| Property, plant and equipment | 4,24,411 | 4,18,562 | 4,31,611 |
| Capital work-in-progress | 40,533 | 22,711 | 8,985 |
| Goodwill | 1,08,184 | 1,08,184 | 1,08,184 |
| Other Intangible assets | 229 | 238 | 280 |
| Intangible assets under development | 15 | 18 | 11 |
| Right-of-use assets | 12,997 | 34,849 | 36,507 |
| Financial assets | |||
| Investments | – | – | – |
| Loans | 372 | 376 | 62 |
| Other Financial assets | 765 | 2,592 | 2,821 |
| Deferred tax assets (net) | 36 | 69 | – |
| Other non-current assets | 4,960 | 6,040 | 2,888 |
| Non-current tax assets (net) | 2,242 | 2,513 | 4,738 |
| Total non-current assets | 5,94,744 | 5,96,152 | 5,96,087 |
| Current assets | |||
| Inventories | 95,952 | 1,23,441 | 93,448 |
| Financial assets | |||
| Investments | 17801 | – | |
| Trade receivables | 52,648 | 50,866 | 19,679 |
| Cash and cash equivalents | 72,118 | 12,126 | 33,191 |
| Bank balances other than above | 7,124 | 13,162 | 8,511 |
| Loans | 327 | 217 | 49 |
| Other financial assets | 2,179 | 13,196 | 10,346 |
| Other current assets | 5,521 | 4,294 | 4,615 |
| Total current assets | 2,53,670 | 2,17,302 | 1,69,839 |
| TOTAL ASSETS | 8,48,414 | 8,13,454 | 7,65,926 |
| EQUITY AND LIABILITIES | |||
| EQUITY | |||
| Equity share capital | 15,072 | 15,072 | 15,072 |
| Other equity | 2,90,259 | 2,01,345 | 1,91,505 |
| Total equity | 3,05,331 | 2,16,417 | 2,06,577 |
| LIABILITIES | |||
| Non-current liabilities | |||
| Financial liabilities | |||
| Borrowings | 1,06,996 | 1,12,217 | 72,559 |
| Lease liabilities | 14,345 | 44,686 | 43,968 |
| Other financial liabilities | 87,275 | 89,876 | 72,693 |
| Deferred tax liabilities (net) | 74,631 | 54,453 | 51,528 |
| Other non-current liabilities | – | – | 12,296 |
| Total non-current liabilities | 2,83,247 | 3,01,232 | 2,53,044 |
| Current liabilities | |||
| Financial liabilities | |||
| Borrowings | 13,429 | 24,756 | 56,620 |
| Lease liabilities | 1,201 | 1,916 | 2,138 |
| Trade payables | 1,45,873 | 1,62,921 | 1,17,559 |
| Other financial liabilities | 79,444 | 68,851 | 71,295 |
| Other current liabilities | 17,991 | 35,247 | 57,037 |
| Provisions | 819 | 1,035 | 961 |
| Current tax liabilities (net) | 1,079 | 1,079 | 695 |
| Total current liabilities | 2,59,836 | 2,95,805 | 3,06,305 |
| TOTAL EQUITY AND LIABILITIES | 8,48,414 | 8,13,454 | 7,65,926 |
Nayara Energy Limited Profit & Loss Statement (In Rs. Millions)
| PARTICULARS | 2023 | 2022 | 2021 |
| Income | |||
| Revenue from operations | 13,81,125 | 11,96,902 | 8,75,006 |
| Other income | 7,538 | 3,146 | 10,650 |
| Total Income | 13,88,663 | 12,00,048 | 8,85,656 |
| Expenses | |||
| Cost of raw materials consumed | 7,96,728 | 7,04,235 | 4,30,464 |
| Excise duty | 2,07,257 | 2,58,014 | 2,47,596 |
| Purchases of stock-in-trade | 1,17,146 | 1,65,135 | 1,37,408 |
| Changes in inventory of finished goods, stock-in-trade and workin-progress | 19,010 | -31,507 | -8,786 |
| Employee benefits expense | 8,349 | 7,610 | 6,702 |
| Finance costs | 23,767 | 18,396 | 20,968 |
| Depreciation, amortisation and impairment expense | 34,012 | 19,411 | 19,238 |
| Other expenses | 57,048 | 46,544 | 34,901 |
| Total expenses | 12,63,317 | 11,87,838 | 8,88,491 |
| Profit before tax | 1,25,346 | 12,210 | -2,835 |
| Tax expense: | |||
| Current tax expenses | 9660 | 382 | 3 |
| Deferred tax expense | 21,424 | 2,618 | -7,420 |
| Total tax expenses | 31,084 | 3,000 | -7,417 |
| Profit for the year | 94,262 | 9,210 | 4,582 |
| Other comprehensive income | |||
| Items that will not be reclassified to profit and loss | -16 | -1 | 25 |
| Re-measurement (loss) on defined benefit plans | -21 | -1 | 33 |
| Income tax effect | 5 | 0 | -8 |
| -16 | -1 | 25 | |
| Items that will be reclassified to profit and loss | -5332 | 631 | 12489 |
| Effective portion of cash flow hedges (net) | -7147 | 878 | 16605 |
| Income tax effect | 1799 | -221 | -4179 |
| -5348 | 657 | 12426 | |
| Foreign currency monetary item translation difference account | 52 | 69 | 86 |
| Income tax effect | -13 | -17 | -22 |
| 39 | 52 | 64 | |
| Exchange difference arising on translation of foreign operation | -23 | -78 | -1 |
| -23 | -78 | -1 | |
| Other comprehensive (loss)/income for the year, net of tax | -5348 | 630 | 12514 |
| Total comprehensive income for the year | 88,914 | 9,840 | 17,096 |
| (comprising profit for the year and other comprehensive (loss)/income for the year) | |||
| Earnings per share (Face value Rs.10 per share) | |||
| Basic and Diluted (in Rs. ) | 63.24 | 6.18 | 3.07 |
Nayara Energy Limited Consolidated Cash Flow Statement (In Rs. Millions)
| PARTICULARS | 2023 | 2022 | 2021 |
| Cash flow from operating activities | |||
| Profit before tax | 1,25,346 | 12,210 | -2,835 |
| Adjustments for: | |||
| Interest income | -1,902 | -1,511 | -2,912 |
| Depreciation, amortisation and impairment expense | 34,012 | 19,411 | 19,238 |
| Loss on disposal/discard of property, plant and equipment (net) | 187 | 53 | 84 |
| Gain on investment/financial assets measured at FVTPL | -524 | -26 | – |
| Gain on re-measurement of leases | -31 | – | -83 |
| Export obligation deferred income | -286 | -11 | -100 |
| Unrealised foreign exchange differences (net) | 4,488 | 1,781 | -938 |
| Mark to market (gain) on derivative contracts (net) | -660 | -1,479 | 6,358 |
| Expected credit loss (net) | 1281 | 633 | 106 |
| Provision for doubtful debts/ doubtful debt written off | 1429 | 353 | 24 |
| Trade payable written back | -115 | – | -851 |
| Finance costs | 23,767 | 18,396 | 20,968 |
| Operating profit before working capital changes | 1,86,992 | 49,810 | 39,059 |
| Adjustments for working capital changes: | |||
| Decrease/(increase) in inventories | 27,489 | -29,993 | -34,167 |
| (Increase) in trade and other receivables | -2,554 | -29,570 | 6,603 |
| (Decrease)/increase in trade and other payables | -23,323 | 20,598 | 2,408 |
| Cash generated from operating activities | 1,88,604 | 10,845 | 13,903 |
| Income tax (payment)/refund (net) (including interest) | -8,417 | 2,681 | 4,412 |
| Net cash generated from operating activities | 1,80,187 | 13,526 | 18,315 |
| Cash flow from investing activities | |||
| Payments for property, plant and equipment (including capital work in progress, Intangible assets, Capital advances, Capital creditors and Intangible assets under development) | -37,885 | -16,884 | -7,958 |
| Proceed from sale of property, plant and equipment | 137 | – | – |
| (Payments for purchase )/Proceeds for sale of short term investments/Mutual fund (net) | -17277 | 26 | – |
| Encashment/(Placement) of short term bank deposits (net) | 4,604 | -3,123 | 2,607 |
| Interest received | 1382 | 947 | 1246 |
| Net cash (used in) investing activities | -49,039 | -19,034 | -4,105 |
| Cash flow from financing activities | |||
| Proceeds from long-term borrowings | 19,001 | 66,422 | 15,428 |
| Repayment of long-term borrowings | -30,364 | -53,926 | -18,516 |
| Proceeds from short-term borrowings | – | 3,500 | 22,297 |
| Repayment of short-term borrowings | – | -17,273 | -15,297 |
| (Repayment)/proceed from short term borrowings of less than 3 months (net) | -9,526 | 6,740 | 7,443 |
| Payment of principal portion of lease liabilities | -28,039 | -2,324 | -2,173 |
| Payment of interest on lease liabilities | -2,458 | -3,089 | -3,146 |
| Finance cost paid | -20,695 | -14,756 | -16,642 |
| Net cash (used in) financing activities | -72,081 | -14,706 | -10,606 |
| Net increase/(decrease) in cash and cash equivalents | 59,067 | -20,214 | 3,604 |
| Net exchange differences on foreign currency bank balances | 78 | – | 54 |
| Cash and cash equivalents at the beginning of the year | 12,991 | 33,205 | 29,601 |
| Cash and cash equivalents at the end of the year | 72,136 | 12,991 | 33,259 |
Let ‘s break down the Cash Flow Statement of Nayara Energy Limited for the years 2023, 2022, and 2021, activity-wise:
Cash Flow from Operating Activities:
The operating profit before working capital changes increased significantly from 2021 to 2023. Working capital changes, including a decrease in inventories and a decrease in trade and other payables, contributed positively to cash flow in 2023. Net cash generated from operating activities increased over the years, indicating improved cash generation from the core business operations.
Cash Flow from Investing Activities:
Payments for property, plant, and equipment were substantial in all three years, with the highest amount in 2023.
Proceeds from the sale of property, plant, and equipment occurred only in 2022.
The net cash used in investing activities was negative in all three years, indicating cash outflows for investments.
Cash Flow from Financing Activities:
There were proceeds from long-term borrowings in all three years, with the highest amount in 2022. Repayment of long-term borrowings exceeded proceeds in all three years, resulting in a net outflow.
Short-term borrowings showed fluctuations, with a significant repayment in 2023.
Payments of lease liabilities, both principal and interest, occurred in all three years.
Net cash used in financing activities was negative, indicating overall cash outflows from financing activities.
Net Increase/(Decrease) in Cash and Cash Equivalents:
There was a substantial net increase in cash and cash equivalents in 2023, indicating an improvement in overall cash position.
In 2022, there was a significant decrease in cash and cash equivalents, primarily due to negative cash flows from operating and investing activities.
Net Exchange Differences on Foreign Currency Bank Balances:
There were minimal net exchange differences on foreign currency bank balances in 2023.
Cash and Cash Equivalents at the Beginning and End of the Year:
The cash and cash equivalents at the end of 2023 are significantly higher than those at the beginning of the year, indicating a positive cash position.
Nayara Energy Limited Financial Ratios for the year 2023:
| Particulars | 2023 |
| EBITDA | 269.39 % |
| Net-worth | 40.86 % |
| Debt/Equity Ratio | 0.26 |
| Return on Equity | 0.3131 |
| Total Assets | 3.28 % |
| Fixed Assets | 0.39 % |
| Current Assets | 12.58 % |
| Current Liabilities | -14.40 % |
| Trade Receivables | 2.70 % |
| Trade Payables | -14.25 % |
| Current Ratio | 0.94 |
Let’s break down and analyze each of these financial indicators of Nayara Energy Limited for the year 2023:
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization): This metric represents the company ‘s operating profitability and is expressed as a percentage of revenue. In this case, it is 269.39%, which is a high value and suggests strong earnings relative to revenue.
Net-worth (%): Net worth is the difference between a company ‘s total assets and total liabilities. The value of 40.86% indicates that the company ‘s net worth is a significant portion of its total assets.
Debt/Equity Ratio: This ratio measures the proportion of debt used to finance the company ‘s assets relative to the equity. A ratio of 0.26 suggests that the company has a relatively low level of debt compared to its equity.
Return on Equity (ROE): ROE is a measure of a company ‘s profitability that compares net income to shareholders ‘ equity. An ROE of 0.3131 (31.31%) indicates a decent return on shareholders ‘ equity.
Total Assets (%): This represents the total assets of the company as a percentage of some reference value (possibly the revenue or another benchmark). A value of 3.28% suggests a relatively low level of total assets compared to the reference value.
Fixed Assets (%): Similar to total assets, this represents the percentage of fixed assets (e.g., property, equipment) in relation to the reference value. A value of 0.39% suggests a relatively low proportion of fixed assets.
Current Assets (%): This represents the percentage of current assets (e.g., cash, accounts receivable) in relation to the reference value. A value of 12.58% suggests a higher proportion of current assets.
Current Liabilities (%): This represents the percentage of current liabilities (e.g., short-term debt, accounts payable) in relation to the reference value. A value of -14.40% seems unusual; it might be an error or requires clarification.
Trade Receivables (%): This represents the percentage of trade receivables (amounts owed by customers) in relation to the reference value. A value of 2.70% indicates a moderate level of trade receivables.
Trade Payables (%): This represents the percentage of trade payables (amounts owed to suppliers) in relation to the reference value. A value of -14.25% seems unusual; it might be an error or requires clarification.
Current Ratio: This ratio measures a company ‘s ability to cover its short-term liabilities with its short-term assets. A current ratio of 0.94 suggests that the company may have a slight liquidity concern, as a ratio below 1 indicates potential difficulty in meeting short-term obligations.
Dividend History of Nayara Energy Limited:
| Particulars | 2023 | 2022 | 2021 |
| Dividend (final + interim) (In Rs.) | – | – | – |
