ADANI POWER has announced its results for the year ended March 2021. Let us have a look at the detailed performance review of the company during FY20-21.
No. of Mths Year Ending | 12 Mar-20* | 12 Mar-21* | % Change | |
---|---|---|---|---|
Net Sales | Rs m | 264,677 | 262,215 | -0.9% |
Other income | Rs m | 13,741 | 19,282 | 40.3% |
Total Revenues | Rs m | 278,418 | 281,497 | 1.1% |
Gross profit | Rs m | 46,823 | 86,685 | 85.1% |
Depreciation | Rs m | 30,065 | 32,017 | 6.5% |
Interest | Rs m | 53,148 | 51,063 | -3.9% |
Profit before tax | Rs m | -22,649 | 22,887 | -201.1% |
Tax | Rs m | 99 | 10,188 | 10,242.7% |
Profit after tax | Rs m | -22,748 | 12,700 | -155.8% |
Gross profit margin | % | 17.7 | 33.1 | |
Effective tax rate | % | -0.4 | 44.5 | |
Net profit margin | % | -8.6 | 4.8 |
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No. of Mths Year Ending | 12 Mar-20* | 12 Mar-21* | % Change | |
---|---|---|---|---|
Networth | Rs m | -21,346 | 4,976 | -123.3 |
Current Liabilities | Rs m | 182,013 | 184,679 | 1.5 |
Long-term Debt | Rs m | 531,813 | 525,720 | -1.1 |
Total Liabilities | Rs m | 750,372 | 785,464 | 4.7 |
Current assets | Rs m | 146,053 | 173,829 | 19.0 |
Fixed Assets | Rs m | 604,318 | 611,636 | 1.2 |
Total Assets | Rs m | 750,372 | 785,464 | 4.7 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Mar-20 | Mar-21 | ||
Cash Flow from Operating Activities | Rs m | 55,976 | 70,144 | 25.3% |
Cash Flow from Investing Activities | Rs m | -23,281 | -21,876 | - |
Cash Flow from Financing Activities | Rs m | -23,772 | -56,548 | - |
Net Cash Flow | Rs m | 9,166 | -8,281 | - |
No. of Mths Year Ending | 12 Mar-20* | 12 Mar-21* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 68.6 | 68.0 |
TTM Earnings per share | Rs | -5.9 | 3.3 |
Diluted earnings per share | Rs | -5.9 | 3.3 |
Price to Cash Flow | x | 14.6 | 5.8 |
TTM P/E ratio | x | -4.7 | 25.8 |
Price / Book Value ratio | x | -8.9 | 52.3 |
Market Cap | Rs m | 189,086 | 260,343 |
Dividends per share (Unadj.) | Rs | 0.0 | 0.0 |
Current Ratio: The company's current ratio improved and stood at 0.9x during FY21, from 0.8x during FY20. The current ratio measures the company's ability to pay short-term and long-term obligations.
Interest Coverage Ratio: The company's interest coverage ratio improved and stood at 1.4x during FY21, from 0.6x during FY20. The interest coverage ratio of a company states how easily a company can pay its interest expense on outstanding debt. A higher ratio is preferable.
Return on Equity (ROE): The ROE for the company improved and stood at 255.2% during FY21, from 106.6% during FY21. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.
Return on Capital Employed (ROCE): The ROCE for the company improved and stood at 13.9% during FY21, from 6.0% during FY20. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.
Return on Assets (ROA): The ROA of the company improved and stood at 8.1% during FY21, from 4.1% during FY20. The ROA measures how efficiently the company uses its assets to generate earnings.
No. of Mths Year Ending | 12 Mar-20* | 12 Mar-21* | |
---|---|---|---|
Current ratio | x | 0.8 | 0.9 |
Debtors’ Days | Days | 12 | 16 |
Interest coverage | x | 0.6 | 1.4 |
Debt to equity ratio | x | -24.9 | 105.7 |
Return on assets | % | 4.1 | 8.1 |
Return on equity | % | 106.6 | 255.2 |
Return on capital employed | % | 6.0 | 13.9 |
To see how ADANI POWER has performed over the last 5 years, please visit here.
Over the last one year, ADANI POWER share price has moved up from Rs 27.8 to Rs 85.1, registering a gain of Rs 57.3 or around 206.5%.
Meanwhile, the S&P BSE POWER Index is trading at Rs 2,475.1 (down 1.4%). Over the last one year it has moved up from 1,378.0 to 2,475.1, a gain of 1,097 points (up 79.6%).
Overall, the S&P BSE SENSEX is up 74.1% over the year.
(To know more, check out historical annual results for ADANI POWER and quarterly results for ADANI POWER)
ADANI POWER currently trades at Rs 533.7 per share. You can check out the latest share price performance of ADANI POWER here...
The revenues of ADANI POWER stood at Rs 281,497 m in FY21, which was up 1.1% compared to Rs 278,418 m reported in FY20.
ADANI POWER's revenue has grown from Rs 230,345 m in FY17 to Rs 281,497 m in FY21.
Over the past 5 years, the revenue of ADANI POWER has grown at a CAGR of 5.1%.
The net profit of ADANI POWER stood at Rs 12,700 m in FY21, which was down -155.8% compared to Rs -22,748 m reported in FY20.
This compares to a net loss of Rs -9,844 m in FY19 and a net loss of Rs -20,738 m in FY18.
Over the past 5 years, ADANI POWER net profit has grown at a CAGR of NaN%.
The cash flow statement is the financial statement that presents the cash inflows and outflows of a company during a given period of time.
This statement is one of the most useful tools for judging a company's liquidity position. The ratios and parameters in this statement helps test a company's financial health.
The cash flow statement of ADANI POWER reveals:
Here's the cash flow statement of ADANI POWER for the past 5 years.
(Rs m) | FY17 | FY18 | FY19 | FY20 | FY21 |
---|---|---|---|---|---|
From Operations | 47,252 | 51,012 | 56,104 | 55,976 | 70,144 |
From Investments | -12,120 | -5,204 | -9,842 | -23,281 | -21,876 |
From Financial Activity | -35,389 | -46,001 | -46,634 | -23,772 | -56,548 |
Net Cashflow | -258 | -194 | -371 | 9,166 | -8,281 |
Be it the company's profitability, operations effectiveness or utilization of funds, ratio analysis is an important tool which helps in making investment decisions.
The ratio/financial analysis of ADANI POWER reveals:
Here's the ratio/financial analysis of ADANI POWER for the past 5 years.
FY17 | FY18 | FY19 | FY20 | FY21 | |
---|---|---|---|---|---|
Operating Profit Margin (%) | 8.4 | 26.6 | 20.7 | 17.7 | 33.1 |
Net Profit Margin (%) | -27.3 | -10.2 | -4.1 | -8.6 | 4.8 |
Debt to Equity Ratio (x) | 12.2 | 38.9 | -154.4 | -24.9 | 105.7 |
Read: Latest Annual Report Analysis of ADANI POWER
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