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ANANT RAJ LTD. 2017-18 Annual Report Analysis

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ANANT RAJ LTD. 2017-18 Annual Report Analysis
Tue, 18 Dec

ANANT RAJ LTD. has announced its results for the year ended March 2018. Let us have a look at the detailed performance review of the company during FY17-18.

ANANT RAJ LTD. Income Statement Analysis

  • Operating income during the year rose 3.0% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 21.7% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 23.0% in FY18 as against 30.2% in FY17.
  • Depreciation charges decreased by 4.9% and finance costs increased by 0.8% YoY, respectively.
  • Other income grew by 71.7% YoY.
  • Net profit for the year declined by 13.2% YoY.
  • Net profit margins during the year declined from 15.4% in FY17 to 12.5% in FY18.

ANANT RAJ LTD. Income Statement 2017-18

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Net Sales Rs m 4,660 4,801 3.0%
Other income Rs m 287 492 71.7%
Total Revenues Rs m 4,946 5,293 7.0%
Gross profit Rs m 1,408 1,103 -21.7%
Depreciation Rs m 274 260 -4.9%
Interest Rs m 545 549 0.8%
Profit before tax Rs m 876 785 -10.3%
Tax Rs m 207 183 -11.6%
Profit after tax Rs m 760 660 -13.2%
Gross profit margin % 30.2 23.0
Effective tax rate % 23.7 23.3
Net profit margin % 15.4 12.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



ANANT RAJ LTD. Balance Sheet Analysis

  • The company's current liabilities during FY18 stood at Rs 11 billion as compared to Rs 10 billion in FY17, thereby witnessing an increase of 6.8%.
  • Long-term debt stood at Rs 20 billion as compared to Rs 12 billion during FY17, a growth of 62.9%.
  • Current assets rose 24% and stood at Rs 29 billion, while fixed assets rose 8% and stood at Rs 30 billion in FY18.
  • Overall, the total assets and liabilities for FY18 stood at Rs 75 billion as against Rs 67 billion during FY17, thereby witnessing a growth of 12%.

ANANT RAJ LTD. Balance Sheet as on March 2018

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Networth Rs m 42,459 41,867 -1.4
 
Current Liabilities Rs m 10,383 11,094 6.8
Long-term Debt Rs m 12,452 20,282 62.9
Total Liabilities Rs m 66,923 74,731 11.7
 
Current assets Rs m 22,932 28,505 24.3
Fixed Assets Rs m 27,720 29,807 7.5
Total Assets Rs m 66,923 74,731 11.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



ANANT RAJ LTD. Cash Flow Statement Analysis

  • ANANT RAJ LTD.'s cash flow from operating activities (CFO) during FY18 stood at Rs -3 billion, an improvement of 139.4% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY18 stood at Rs -2 billion, an improvement of 605.2% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY18 stood at Rs 7 billion, an improvement of 250% on a YoY basis.
  • Overall, net cash flows for the company during FY18 stood at Rs 1 billion from the Rs 330 million net cash flows seen during FY17.

ANANT RAJ LTD. Cash Flow Statement 2017-18

Particulars No. of months 12 12 % Change
Year Ending Mar-17 Mar-18
Cash Flow from Operating Activities Rs m -1,272 -3,046 -
Cash Flow from Investing Activities Rs m -325 -2,295 -
Cash Flow from Financing Activities Rs m 1,927 6,746 250.0%
Net Cash Flow Rs m 330 1,406 326.1%
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for ANANT RAJ LTD.

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 2.2, an decline from the EPS of Rs 2.6 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 34.0, stands at 18.0 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 0.4 times, while the price to sales ratio stands at 3.6 times.
  • The company's price to cash flow (P/CF) ratio stood at 11.6 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-17* 12 Mar-18*
Sales per share (Unadj.) Rs 15.8 16.3
TTM Earnings per share Rs 2.6 2.2
Diluted earnings per share Rs 2.6 2.2
Price to Cash Flow x 10.6 11.6
TTM P/E ratio x 18.0 18.0
Price / Book Value ratio x 0.3 0.4
Market Cap Rs m 10,033 10,035
Dividends per share (Unadj.) Rs 0.2 0.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for ANANT RAJ LTD.

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 2.6x during FY18, from 2.2x during FY17. 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 2.4x during FY18, from 2.6x during FY17. 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 1.6% during FY18, from 1.8% during FY18. 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 2.2% during FY18, from 2.8% during FY17. 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 1.6% during FY18, from 1.9% during FY17. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-17* 12 Mar-18*
Current ratio x 2.2 2.6
Debtors’ Days Days 87 80
Interest coverage x 2.6 2.4
Debt to equity ratio x 0.3 0.5
Return on assets % 1.9 1.6
Return on equity % 1.8 1.6
Return on capital employed % 2.8 2.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



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

ANANT RAJ LTD. Share Price Performance

Over the last one year, ANANT RAJ LTD. share price has moved up from Rs 58.1 to Rs 34.0, registering a loss of Rs 24.1 or around 41.4%.

Overall, the S&P BSE SENSEX is up 7.4% over the year.

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

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Related Views on News

ANANT RAJ LTD. Announces Quarterly Results (3QFY19); Net Profit Down 16.0% (Quarterly Result Update)

Feb 20, 2019 | Updated on Feb 20, 2019

For the quarter ended December 2018, ANANT RAJ LTD. has posted a net profit of Rs 141 m (down 16.0% YoY). Sales on the other hand came in at Rs 1 bn (up 16.0% YoY). Read on for a complete analysis of ANANT RAJ LTD.'s quarterly results.

ANANT RAJ LTD. Announces Quarterly Results (2QFY19); Net Profit Down 8.7% (Quarterly Result Update)

Oct 23, 2018 | Updated on Oct 23, 2018

For the quarter ended September 2018, ANANT RAJ LTD. has posted a net profit of Rs 70 m (down 8.7% YoY). Sales on the other hand came in at Rs 1 bn (down 8.6% YoY). Read on for a complete analysis of ANANT RAJ LTD.'s quarterly results.

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