ANANT RAJ 2021-22 Annual Report Analysis

Wed, 22 Jun

ANANT RAJ has announced its results for the year ended March 2022. Let us have a look at the detailed performance review of the company during FY21-22.

ANANT RAJ Income Statement Analysis

• Operating income during the year rose 85.0% on a year-on-year (YoY) basis.
• The company's operating profit increased by 114.5% YoY during the fiscal. Operating profit margins witnessed a fall and down at 16.4% in FY22 as against 14.2% in FY21.
• Depreciation charges decreased by 3.0% and finance costs decreased by 11.4% YoY, respectively.
• Other income grew by 97.2% YoY.
• Net profit for the year grew by 20701.7% YoY.
• Net profit margins during the year grew from 0.1% in FY21 to 10.5% in FY22.

ANANT RAJ Income Statement 2021-22

No. of Mths Year Ending		12 Mar-21*	12 Mar-22*	% Change
Net Sales	Rs m	2,497	4,619	85.0%
Other income	Rs m	200	394	97.2%
Total Revenues	Rs m	2,696	5,012	85.9%
Gross profit	Rs m	354	759	114.5%
Depreciation	Rs m	172	167	-3.0%
Interest	Rs m	306	271	-11.4%
Profit before tax	Rs m	76	715	839.4%
Tax	Rs m	74	231	212.4%
Profit after tax	Rs m	2	485	20,701.7%
Gross profit margin	%	14.2	16.4
Effective tax rate	%	96.9	32.2
Net profit margin	%	0.1	10.5

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ANANT RAJ Balance Sheet Analysis

• The company's current liabilities during FY22 stood at Rs 6 billion as compared to Rs 5 billion in FY21, thereby witnessing an increase of 14.3%.
• Long-term debt down at Rs 9 billion as compared to Rs 14 billion during FY21, a fall of 35.5%.
• Current assets fell 9% and stood at Rs 22 billion, while fixed assets fell 1% and stood at Rs 22 billion in FY22.
• Overall, the total assets and liabilities for FY22 stood at Rs 44 billion as against Rs 46 billion during FY21, thereby witnessing a fall of 5%.

ANANT RAJ Balance Sheet as on March 2022

No. of Mths Year Ending		12 Mar-21*	12 Mar-22*	% Change
Networth	Rs m	24,995	25,154	0.6
Current Liabilities	Rs m	5,387	6,158	14.3
Long-term Debt	Rs m	14,108	9,101	-35.5
Total Liabilities	Rs m	46,106	43,850	-4.9
Current assets	Rs m	23,807	21,735	-8.7
Fixed Assets	Rs m	22,299	22,116	-0.8
Total Assets	Rs m	46,106	43,850	-4.9

ANANT RAJ Cash Flow Statement Analysis

• ANANT RAJ's cash flow from operating activities (CFO) during FY22 stood at Rs 5 billion on a YoY basis.
• Cash flow from investing activities (CFI) during FY22 stood at Rs -44 million on a YoY basis.
• Cash flow from financial activities (CFF) during FY22 stood at Rs -5 billion on a YoY basis.
• Overall, net cash flows for the company during FY22 stood at Rs -74 million from the Rs 185 million net cash flows seen during FY21.

ANANT RAJ Cash Flow Statement 2021-22

Particulars	No. of months	12	12	% Change
	Year Ending	Mar-21	Mar-22
Cash Flow from Operating Activities	Rs m	-1,499	4,582	-
Cash Flow from Investing Activities	Rs m	853	-44	-
Cash Flow from Financing Activities	Rs m	830	-4,612	-
Net Cash Flow	Rs m	185	-74	-

Current Valuations for ANANT RAJ

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 1.6, an improvement from the EPS of Rs 0.0 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 48.7, stands at 29.6 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 0.6 times, while the price to sales ratio stands at 3.1 times.
• The company's price to cash flow (P/CF) ratio stood at 30.2 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending		12 Mar-21*	12 Mar-22*
Sales per share (Unadj.)	Rs	8.5	15.7
TTM Earnings per share	Rs	0.0	1.6
Diluted earnings per share	Rs	0.0	1.6
Price to Cash Flow	x	92.4	30.2
TTM P/E ratio	x	12,371.3	29.6
Price / Book Value ratio	x	0.5	0.8
Market Cap	Rs m	11,324	19,661
Dividends per share (Unadj.)	Rs	0.1	0.1

Ratio Analysis for ANANT RAJ

• Solvency Ratios

Current Ratio: The company's current ratio deteriorated and stood at 3.5x during FY22, from 4.4x during FY21. 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 3.6x during FY22, from 1.2x during FY21. 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 improved and stood at 1.9% during FY22, from 0.0% during FY22. 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 2.9% during FY22, from 1.0% during FY21. 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 1.7% during FY22, from 0.7% during FY21. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending		12 Mar-21*	12 Mar-22*
Current ratio	x	4.4	3.5
Debtors’ Days	Days	637	172
Interest coverage	x	1.2	3.6
Debt to equity ratio	x	0.6	0.4
Return on assets	%	0.7	1.7
Return on equity	%	0.0	1.9
Return on capital employed	%	1.0	2.9

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 down from Rs 58.6 to Rs 48.7, registering a loss of Rs 9.9 or around 16.9%.

Overall, the S&P BSE SENSEX is down 1.0% over the year.

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

Read: Latest Annual Report Analysis of ANANT RAJ