ANLON TECHNOLOGY 2022-23 Annual Report Analysis

Fri, 30 Jun

ANLON TECHNOLOGY has announced its results for the year ended March 2023. Let us have a look at the detailed performance review of the company during FY22-23.

ANLON TECHNOLOGY Income Statement Analysis

• Operating income during the year rose 70.1% on a year-on-year (YoY) basis.
• The company's operating profit increased by 94.8% YoY during the fiscal. Operating profit margins witnessed a fall and down at 21.9% in FY23 as against 19.1% in FY22.
• Depreciation charges decreased by 0.5% and finance costs increased by 45.6% YoY, respectively.
• Other income grew by 19.4% YoY.
• Net profit for the year grew by 107.0% YoY.
• Net profit margins during the year grew from 11.1% in FY22 to 13.5% in FY23.

ANLON TECHNOLOGY Income Statement 2022-23

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*	% Change
Net Sales	Rs m	193	329	70.1%
Other income	Rs m	2	3	19.4%
Total Revenues	Rs m	196	332	69.5%
Gross profit	Rs m	37	72	94.8%
Depreciation	Rs m	2	2	-0.5%
Interest	Rs m	8	11	45.6%
Profit before tax	Rs m	30	62	107.2%
Tax	Rs m	9	18	108.0%
Profit after tax	Rs m	21	44	107.0%
Gross profit margin	%	19.1	21.9
Effective tax rate	%	28.5	28.6
Net profit margin	%	11.1	13.5

Emerging Opportunity: Bluechip Bull Run

ANLON TECHNOLOGY Balance Sheet Analysis

• The company's current liabilities during FY23 down at Rs 73 million as compared to Rs 129 million in FY22, thereby witnessing an decrease of -43.7%.
• Long-term debt down at Rs 6 million as compared to Rs 27 million during FY22, a fall of 76.5%.
• Current assets rose 52% and stood at Rs 239 million, while fixed assets rose 91% and stood at Rs 98 million in FY23.
• Overall, the total assets and liabilities for FY23 stood at Rs 338 million as against Rs 209 million during FY22, thereby witnessing a growth of 62%.

ANLON TECHNOLOGY Balance Sheet as on March 2023

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*	% Change
Networth	Rs m	49	253	417.6
Current Liabilities	Rs m	129	73	-43.7
Long-term Debt	Rs m	27	6	-76.5
Total Liabilities	Rs m	209	338	61.6
Current assets	Rs m	158	239	51.9
Fixed Assets	Rs m	51	98	91.3
Total Assets	Rs m	209	338	61.6

ANLON TECHNOLOGY Cash Flow Statement Analysis

• ANLON TECHNOLOGY's cash flow from operating activities (CFO) during FY23 stood at Rs -93 million, an improvement of 533.7% on a YoY basis.
• Cash flow from investing activities (CFI) during FY23 stood at Rs -1 million on a YoY basis.
• Cash flow from financial activities (CFF) during FY23 stood at Rs 119 million, an improvement of 246% on a YoY basis.
• Overall, net cash flows for the company during FY23 stood at Rs 26 million from the Rs -4 million net cash flows seen during FY22.

ANLON TECHNOLOGY Cash Flow Statement 2022-23

Particulars	No. of months	12	12	% Change
	Year Ending	Mar-22	Mar-23
Cash Flow from Operating Activities	Rs m	-15	-93	-
Cash Flow from Investing Activities	Rs m	-23	-1	-
Cash Flow from Financing Activities	Rs m	34	119	245.9%
Net Cash Flow	Rs m	-4	26	-

Current Valuations for ANLON TECHNOLOGY

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 7.9, an decline from the EPS of Rs 2,144.0 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 223.0, stands at 28.2 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 4.9 times, while the price to sales ratio stands at 3.8 times.
• The company's price to cash flow (P/CF) ratio stood at 20.2 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*
Sales per share (Unadj.)	Rs	19,338.0	58.6
TTM Earnings per share	Rs	2,144.0	7.9
Diluted earnings per share	Rs	3.8	7.9
Price to Cash Flow	x	0.0	20.2
TTM P/E ratio	x	0.0	28.2
Price / Book Value ratio	x	0.0	3.7
Market Cap	Rs m	0	938
Dividends per share (Unadj.)	Rs	0.0	0.0

Ratio Analysis for ANLON TECHNOLOGY

• Solvency Ratios

Current Ratio: The company's current ratio improved and stood at 3.3x during FY23, from 1.2x during FY22. 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 6.7x during FY23, from 5.0x during FY22. 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.

• Profitability Ratios

Return on Equity (ROE): The ROE for the company declined and down at 17.6% during FY23, from 43.9% during FY23. 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 28.2% during FY23, from 49.2% during FY22. 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 16.4% during FY23, from 13.8% during FY22. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*
Current ratio	x	1.2	3.3
Debtors’ Days	Days	978	708
Interest coverage	x	5.0	6.7
Debt to equity ratio	x	0.6	0.0
Return on assets	%	13.8	16.4
Return on equity	%	43.9	17.6
Return on capital employed	%	49.2	28.2

To see how ANLON TECHNOLOGY has performed over the last 5 years, please visit here.

ANLON TECHNOLOGY Share Price Performance

Over the last one year, ANLON TECHNOLOGY share price has moved down from Rs 0.0 to Rs 0.0, registering a loss of Rs 0.0 or around 0.0%.

Overall, the NIFTY 50 is up 0.9% over the year.

(To know more, check out historical annual results for ANLON TECHNOLOGY and quarterly results for ANLON TECHNOLOGY)