ANANT RAJ 2020-21 Annual Report Analysis

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ANANT RAJ 2020-21 Annual Report Analysis
Wed, 27 Oct

ANANT RAJ 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.

ANANT RAJ Income Statement Analysis

  • Operating income during the year fell 9.6% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 32.4% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 14.2% in FY21 as against 19.0% in FY20.
  • Depreciation charges decreased by 3.1% and finance costs increased by 102.8% YoY, respectively.
  • Other income grew by 110.2% YoY.
  • Net profit for the year declined by 98.6% YoY.
  • Net profit margins during the year declined from 5.9% in FY20 to 0.1% in FY21.

ANANT RAJ Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 2,762 2,497 -9.6%
Other income Rs m 95 200 110.2%
Total Revenues Rs m 2,857 2,696 -5.6%
Gross profit Rs m 523 354 -32.4%
Depreciation Rs m 177 172 -3.1%
Interest Rs m 151 306 102.8%
Profit before tax Rs m 290 76 -73.8%
Tax Rs m 123 74 -39.8%
Profit after tax Rs m 168 2 -98.6%
Gross profit margin % 19.0 14.2
Effective tax rate % 42.2 96.9
Net profit margin % 5.9 0.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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ANANT RAJ Balance Sheet Analysis

  • The company's current liabilities during FY21 down at Rs 6 billion as compared to Rs 8 billion in FY20, thereby witnessing an decrease of -19.6%.
  • Long-term debt stood at Rs 14 billion as compared to Rs 12 billion during FY20, a growth of 12.9%.
  • Current assets rose 5% and stood at Rs 24 billion, while fixed assets fell 4% and stood at Rs 22 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 46 billion as against Rs 46 billion during FY20, thereby witnessing a growth of 0%.

ANANT RAJ Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 24,854 24,995 0.6
 
Current Liabilities Rs m 7,685 6,181 -19.6
Long-term Debt Rs m 12,496 14,108 12.9
Total Liabilities Rs m 45,877 46,106 0.5
 
Current assets Rs m 22,591 23,807 5.4
Fixed Assets Rs m 23,286 22,299 -4.2
Total Assets Rs m 45,877 46,106 0.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



ANANT RAJ Cash Flow Statement Analysis

  • ANANT RAJ's cash flow from operating activities (CFO) during FY21 stood at Rs -1 billion, an improvement of 33.3% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs 472 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs 830 million, an improvement of 93% on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs 185 million from the Rs -458 million net cash flows seen during FY20.

ANANT RAJ Cash Flow Statement 2020-21

Particulars No. of months 12 12 % Change
Year Ending Mar-20 Mar-21
Cash Flow from Operating Activities Rs m -839 -1,118 -
Cash Flow from Investing Activities Rs m -49 472 -
Cash Flow from Financing Activities Rs m 429 830 93.3%
Net Cash Flow Rs m -458 185 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for ANANT RAJ

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 0.0, an decline from the EPS of Rs 0.6 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 65.0, stands at 139.3 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 0.5 times, while the price to sales ratio stands at 4.5 times.
  • The company's price to cash flow (P/CF) ratio stood at 110.2 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-20* 12 Mar-21*
Sales per share (Unadj.) Rs 9.4 8.5
TTM Earnings per share Rs 0.6 0.0
Diluted earnings per share Rs 0.6 0.0
Price to Cash Flow x 55.6 110.2
TTM P/E ratio x 139.3 139.3
Price / Book Value ratio x 0.3 0.5
Market Cap Rs m 19,181 19,181
Dividends per share (Unadj.) Rs 0.1 0.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for ANANT RAJ

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 3.9x during FY21, from 2.9x 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 deteriorated and stood at 1.2x during FY21, from 2.9x 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.

  • Profitability Ratios
  • Return on Equity (ROE): The ROE for the company declined and down at 0.0% during FY21, from 0.7% 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 declined and down at 1.0% during FY21, from 1.2% 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 declined and down at 0.7% during FY21, from 0.7% during FY20. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-20* 12 Mar-21*
Current ratio x 2.9 3.9
Debtors’ Days Days 946 637
Interest coverage x 2.9 1.2
Debt to equity ratio x 0.5 0.6
Return on assets % 0.7 0.7
Return on equity % 0.7 0.0
Return on capital employed % 1.2 1.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how ANANT RAJ has performed over the last 5 years, please visit here.

ANANT RAJ Share Price Performance

Over the last one year, ANANT RAJ share price has moved up from Rs 18.8 to Rs 65.0, registering a gain of Rs 46.2 or around 245.7%.

Overall, the S&P BSE SENSEX is up 52.3% over the year.

(To know more, check out historical annual results for ANANT RAJ and quarterly results for ANANT RAJ)

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