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ANANT RAJ 2018-19 Annual Report Analysis
Sun, 31 Mar

ANANT RAJ 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.

ANANT RAJ Income Statement Analysis

  • Operating income during the year fell 27.2% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 31.5% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 21.6% in FY19 as against 23.0% in FY18.
  • Depreciation charges decreased by 16.1% and finance costs decreased by 49.2% YoY, respectively.
  • Other income declined by 70.3% YoY.
  • Net profit for the year declined by 51.3% YoY.
  • Net profit margins during the year declined from 12.5% in FY18 to 8.4% in FY19.

ANANT RAJ Income Statement 2018-19

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Net Sales Rs m 4,801 3,495 -27.2%
Other income Rs m 492 146 -70.3%
Total Revenues Rs m 5,293 3,641 -31.2%
Gross profit Rs m 1,103 755 -31.5%
Depreciation Rs m 260 219 -16.1%
Interest Rs m 549 279 -49.2%
Profit before tax Rs m 785 403 -48.6%
Tax Rs m 183 110 -39.8%
Profit after tax Rs m 602 293 -51.3%
Gross profit margin % 23.0 21.6
Effective tax rate % 23.3 27.3
Net profit margin % 12.5 8.4
* 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 FY19 down at Rs 8 billion as compared to Rs 11 billion in FY18, thereby witnessing an decrease of -23.7%.
  • Long-term debt down at Rs 12 billion as compared to Rs 20 billion during FY18, a fall of 42.3%.
  • Current assets fell 17% and stood at Rs 24 billion, while fixed assets fell 52% and stood at Rs 22 billion in FY19.
  • Overall, the total assets and liabilities for FY19 stood at Rs 46 billion as against Rs 75 billion during FY18, thereby witnessing a fall of 38%.

ANANT RAJ Balance Sheet as on March 2019

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Networth Rs m 41,867 25,011 -40.3
 
Current Liabilities Rs m 11,094 8,460 -23.7
Long-term Debt Rs m 20,282 11,698 -42.3
Total Liabilities Rs m 74,731 46,015 -38.4
 
Current assets Rs m 28,432 23,689 -16.7
Fixed Assets Rs m 46,299 22,327 -51.8
Total Assets Rs m 74,731 46,015 -38.4
* 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 FY19 stood at Rs 8 billion on a YoY basis.
  • Cash flow from investing activities (CFI) during FY19 stood at Rs 17 billion on a YoY basis.
  • Cash flow from financial activities (CFF) during FY19 stood at Rs -27 billion on a YoY basis.
  • Overall, net cash flows for the company during FY19 stood at Rs -2 billion from the Rs 1 billion net cash flows seen during FY18.

ANANT RAJ Cash Flow Statement 2018-19

Particulars No. of months 12 12 % Change
Year Ending Mar-18 Mar-19
Cash Flow from Operating Activities Rs m -3,046 8,101 -
Cash Flow from Investing Activities Rs m -2,295 17,065 -
Cash Flow from Financing Activities Rs m 6,746 -26,789 -
Net Cash Flow Rs m 1,406 -1,623 -
* 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 1.0, an decline from the EPS of Rs 2.0 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 33.6, stands at 18.2 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 2.8 times.
  • The company's price to cash flow (P/CF) ratio stood at 23.8 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-18* 12 Mar-19*
Sales per share (Unadj.) Rs 16.3 11.8
TTM Earnings per share Rs 2.0 1.0
Diluted earnings per share Rs 2.0 1.0
Price to Cash Flow x 16.0 23.8
TTM P/E ratio x 22.3 18.2
Price / Book Value ratio x 0.5 0.5
Market Cap Rs m 19,026 12,151
Dividends per share (Unadj.) Rs 0.2 0.2
* 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 2.8x during FY19, from 2.6x 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 2.4x during FY19, from 2.4x 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.

  • Profitability Ratios
  • Return on Equity (ROE): The ROE for the company declined and down at 1.2% during FY19, from 1.4% 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 1.9% during FY19, from 2.1% 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 declined and down at 1.2% during FY19, from 1.5% during FY18. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-18* 12 Mar-19*
Current ratio x 2.6 2.8
Debtors’ Days Days 795 649
Interest coverage x 2.4 2.4
Debt to equity ratio x 0.5 0.5
Return on assets % 1.5 1.2
Return on equity % 1.4 1.2
Return on capital employed % 2.1 1.9
* 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 down from Rs 46.9 to Rs 33.6, registering a loss of Rs 13.4 or around 28.5%.

Overall, the S&P BSE SENSEX is up 16.3% over the year.

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

Annual Report FAQs

What is the current share price of ANANT RAJ?

ANANT RAJ currently trades at Rs 296.9 per share. You can check out the latest share price performance of ANANT RAJ here...

What was the revenue of ANANT RAJ in FY19? How does it compare to earlier years?

The revenues of ANANT RAJ stood at Rs 3,641 m in FY19, which was down -31.2% compared to Rs 5,293 m reported in FY18.

ANANT RAJ's revenue has fallen from Rs 4,764 m in FY16 to Rs 3,641 m in FY19.

Over the past 4 years, the revenue of ANANT RAJ has grown at a CAGR of -8.6%.

What was the net profit of ANANT RAJ in FY19? How does it compare to earlier years?

The net profit of ANANT RAJ stood at Rs 293 m in FY19, which was down -51.3% compared to Rs 602 m reported in FY18.

This compares to a net profit of Rs 668 m in FY17 and a net profit of Rs 635 m in FY16.

Over the past 4 years, ANANT RAJ net profit has grown at a CAGR of -22.7%.

What does the cash flow statement of ANANT RAJ reveal?

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 ANANT RAJ reveals:

  • Cash flow from operations increased in FY19 and stood at Rs 8,101 m as compared to Rs -3,046 m in FY18.
  • Cash flow from investments increased in FY19 and stood at Rs 17,065 m as compared to Rs -2,295 m in FY18.
  • Cash flow from financial activity decreased in FY19 and stood at Rs -26,789 m as compared to Rs 6,746 m in FY18.

Here's the cash flow statement of ANANT RAJ for the past 4 years.

(Rs m)FY16FY17FY18FY19
From Operations-729-1,272-3,0468,101
From Investments-502-325-2,29517,065
From Financial Activity1,0891,9276,746-26,789
Net Cashflow-1423301,406-1,623

What does the Key Ratio analysis of ANANT RAJ reveal?

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 ANANT RAJ reveals:

  • Operating profit margins witnessed a fall and stood at 21.6% in FY19 as against 23.0% in FY18.
  • Net profit margins declined from 12.5% in FY18 to 8.4% in FY19.
  • Debt to Equity ratio for FY19 stood at 0.5 as compared to 0.5 in FY18.

Here's the ratio/financial analysis of ANANT RAJ for the past 4 years.

 FY16FY17FY18FY19
Operating Profit Margin (%)26.930.223.021.6
Net Profit Margin (%)14.714.312.58.4
Debt to Equity Ratio (x)0.20.30.50.5

Read: Latest Annual Report Analysis of ANANT RAJ

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