GE T&D INDIA has announced its results for the year ended March 2019. Let us have a look at the detailed performance review of the company during FY18-19.
No. of Mths Year Ending | 12 Mar-18* | 12 Mar-19* | % Change | |
---|---|---|---|---|
Net Sales | Rs m | 42,776 | 42,188 | -1.4% |
Other income | Rs m | 2,401 | 583 | -75.7% |
Total Revenues | Rs m | 45,177 | 42,771 | -5.3% |
Gross profit | Rs m | 2,744 | 4,445 | 62.0% |
Depreciation | Rs m | 899 | 832 | -7.4% |
Interest | Rs m | 1,059 | 850 | -19.7% |
Profit before tax | Rs m | 3,188 | 3,346 | 4.9% |
Tax | Rs m | 1,101 | 1,219 | 10.8% |
Profit after tax | Rs m | 2,088 | 2,127 | 1.9% |
Gross profit margin | % | 6.4 | 10.5 | |
Effective tax rate | % | 34.5 | 36.4 | |
Net profit margin | % | 4.9 | 5.0 |
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No. of Mths Year Ending | 12 Mar-18* | 12 Mar-19* | % Change | |
---|---|---|---|---|
Networth | Rs m | 11,896 | 14,280 | 20.0 |
Current Liabilities | Rs m | 37,742 | 30,116 | -20.2 |
Long-term Debt | Rs m | 0 | 0 | 0.0 |
Total Liabilities | Rs m | 55,672 | 51,452 | -7.6 |
Current assets | Rs m | 40,953 | 36,309 | -11.3 |
Fixed Assets | Rs m | 14,720 | 15,143 | 2.9 |
Total Assets | Rs m | 55,672 | 51,452 | -7.6 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Mar-18 | Mar-19 | ||
Cash Flow from Operating Activities | Rs m | 10,540 | -3,549 | - |
Cash Flow from Investing Activities | Rs m | -3,045 | 2,869 | - |
Cash Flow from Financing Activities | Rs m | -5,848 | -1,145 | - |
Net Cash Flow | Rs m | 1,634 | -1,823 | - |
No. of Mths Year Ending | 12 Mar-18* | 12 Mar-19* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 167.1 | 164.8 |
TTM Earnings per share | Rs | 8.2 | 8.3 |
Diluted earnings per share | Rs | 8.2 | 8.3 |
Price to Cash Flow | x | 34.7 | 27.4 |
TTM P/E ratio | x | 49.6 | 33.1 |
Price / Book Value ratio | x | 8.5 | 5.7 |
Market Cap | Rs m | 101,202 | 80,962 |
Dividends per share (Unadj.) | Rs | 1.8 | 1.8 |
Current Ratio: The company's current ratio improved and stood at 1.2x during FY19, from 1.1x during FY18. 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 4.9x during FY19, from 4.0x during FY18. 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 declined and down at 14.9% during FY19, from 17.5% during FY19. 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 declined and down at 29.4% during FY19, from 35.7% during FY18. 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 5.8% during FY19, from 5.7% during FY18. The ROA measures how efficiently the company uses its assets to generate earnings.
No. of Mths Year Ending | 12 Mar-18* | 12 Mar-19* | |
---|---|---|---|
Current ratio | x | 1.1 | 1.2 |
Debtors’ Days | Days | 154 | 175 |
Interest coverage | x | 4.0 | 4.9 |
Debt to equity ratio | x | 0.0 | 0.0 |
Return on assets | % | 5.7 | 5.8 |
Return on equity | % | 17.5 | 14.9 |
Return on capital employed | % | 35.7 | 29.4 |
To see how GE T&D INDIA has performed over the last 5 years, please visit here.
Over the last one year, GE T&D INDIA share price has moved down from Rs 404.8 to Rs 274.6, registering a loss of Rs 130.2 or around 32.2%.
Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,472.0 (up 0.5%). Over the last one year it has moved down from 18,476.7 to 18,472.0, a loss of 5 points (down 0.0%).
Overall, the S&P BSE SENSEX is up 16.3% over the year.
(To know more, check out historical annual results for GE T&D INDIA and quarterly results for GE T&D INDIA)
GE T&D INDIA currently trades at Rs 834.0 per share. You can check out the latest share price performance of GE T&D INDIA here...
The revenues of GE T&D INDIA stood at Rs 42,771 m in FY19, which was down -5.3% compared to Rs 45,177 m reported in FY18.
GE T&D INDIA's revenue has grown from Rs 35,564 m in FY15 to Rs 42,771 m in FY19.
Over the past 5 years, the revenue of GE T&D INDIA has grown at a CAGR of 4.7%.
The net profit of GE T&D INDIA stood at Rs 2,127 m in FY19, which was up 1.9% compared to Rs 2,088 m reported in FY18.
This compares to a net loss of Rs -867 m in FY17 and a net profit of Rs 345 m in FY16.
Over the past 5 years, GE T&D INDIA net profit has grown at a CAGR of 15.2%.
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 GE T&D INDIA reveals:
Here's the cash flow statement of GE T&D INDIA for the past 5 years.
(Rs m) | FY15 | FY16 | FY17 | FY18 | FY19 |
---|---|---|---|---|---|
From Operations | 5,021 | -909 | 1,884 | 10,540 | -3,549 |
From Investments | -1,369 | -496 | -461 | -3,045 | 2,869 |
From Financial Activity | -3,201 | 1,201 | -1,306 | -5,848 | -1,145 |
Net Cashflow | 451 | -204 | 106 | 1,634 | -1,823 |
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 GE T&D INDIA reveals:
Here's the ratio/financial analysis of GE T&D INDIA for the past 5 years.
FY15 | FY16 | FY17 | FY18 | FY19 | |
---|---|---|---|---|---|
Operating Profit Margin (%) | 9.0 | 3.1 | 1.5 | 6.4 | 10.5 |
Net Profit Margin (%) | 3.4 | 1.1 | -2.3 | 4.9 | 5.0 |
Debt to Equity Ratio (x) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Read: Latest Annual Report Analysis of GE T&D INDIA
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