ANANT RAJ LTD. 2018-19 Annual Report Analysis

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ANANT RAJ LTD. 2018-19 Annual Report Analysis
Tue, 24 Sep

ANANT RAJ LTD. 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 LTD. Income Statement Analysis

  • Operating income during the year rose 4.2% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 19.9% YoY during the fiscal. Operating profit margins witnessed a fall and down at 26.4% in FY19 as against 23.0% in FY18.
  • Depreciation charges decreased by 2.0% and finance costs increased by 14.4% YoY, respectively.
  • Other income declined by 52.0% YoY.
  • Net profit for the year grew by 0.7% YoY.
  • Net profit margins during the year grew from 12.5% in FY18 to 12.7% in FY19.

ANANT RAJ LTD. Income Statement 2018-19

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Net Sales Rs m 4,801 5,003 4.2%
Other income Rs m 492 236 -52.0%
Total Revenues Rs m 5,293 5,239 -1.0%
Gross profit Rs m 1,103 1,322 19.9%
Depreciation Rs m 260 255 -2.0%
Interest Rs m 549 628 14.4%
Profit before tax Rs m 785 675 -14.0%
Tax Rs m 183 142 -22.8%
Profit after tax Rs m 660 665 0.7%
Gross profit margin % 23.0 26.4
Effective tax rate % 23.3 21.0
Net profit margin % 12.5 12.7
* 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 FY19 stood at Rs 13 billion as compared to Rs 11 billion in FY18, thereby witnessing an increase of 13.4%.
  • Long-term debt stood at Rs 21 billion as compared to Rs 20 billion during FY18, a growth of 5.8%.
  • Current assets rose 12% and stood at Rs 32 billion, while fixed assets rose 1% and stood at Rs 30 billion in FY19.
  • Overall, the total assets and liabilities for FY19 stood at Rs 78 billion as against Rs 75 billion during FY18, thereby witnessing a growth of 4%.

ANANT RAJ LTD. Balance Sheet as on March 2019

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Networth Rs m 41,867 42,203 0.8
 
Current Liabilities Rs m 11,094 12,577 13.4
Long-term Debt Rs m 20,282 21,455 5.8
Total Liabilities Rs m 74,731 77,663 3.9
 
Current assets Rs m 28,432 31,705 11.5
Fixed Assets Rs m 29,807 29,973 0.6
Total Assets Rs m 74,731 77,663 3.9
* 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 FY19 stood at Rs -2 billion on a YoY basis.
  • Cash flow from investing activities (CFI) during FY19 stood at Rs 405 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY19 stood at Rs 460 million 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 LTD. 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 -2,371 -
Cash Flow from Investing Activities Rs m -2,295 405 -
Cash Flow from Financing Activities Rs m 6,746 460 -93.2%
Net Cash Flow Rs m 1,406 -1,506 -
* 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 2.3, an improvement from the EPS of Rs 2.2 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 34.6, stands at 18.4 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 0.3 times, while the price to sales ratio stands at 2.4 times.
  • The company's price to cash flow (P/CF) ratio stood at 12.9 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 17.0
TTM Earnings per share Rs 2.2 2.3
Diluted earnings per share Rs 2.2 2.3
Price to Cash Flow x 11.8 12.9
TTM P/E ratio x 18.4 18.4
Price / Book Value ratio x 0.4 0.3
Market Cap Rs m 10,196 10,197
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 deteriorated and stood at 2.5x 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 deteriorated and stood at 2.1x 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 1.6% during FY19, from 1.6% 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 improved and stood at 2.3% during FY19, from 2.2% 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 improved and stood at 1.7% during FY19, from 1.6% 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 2.5
Debtors’ Days Days 80 87
Interest coverage x 2.4 2.1
Debt to equity ratio x 0.5 0.5
Return on assets % 1.6 1.7
Return on equity % 1.6 1.6
Return on capital employed % 2.2 2.3
* 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 down from Rs 40.5 to Rs 34.6, registering a loss of Rs 6.0 or around 14.7%.

Overall, the S&P BSE SENSEX is up 8.0% 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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ANANT RAJ LTD. Announces Quarterly Results (1QFY20); Net Profit Up 22.5% (Quarterly Result Update)

Aug 16, 2019 | Updated on Aug 16, 2019

For the quarter ended June 2019, ANANT RAJ LTD. has posted a net profit of Rs 51 m (up 22.5% YoY). Sales on the other hand came in at Rs 992 m (up 3.3% YoY). Read on for a complete analysis of ANANT RAJ LTD.'s quarterly results.

ANANT RAJ LTD. Announces Quarterly Results (4QFY19); Net Profit Up 5.0% (Quarterly Result Update)

Jun 13, 2019 | Updated on Jun 13, 2019

For the quarter ended March 2019, ANANT RAJ LTD. has posted a net profit of Rs 292 m (up 5.0% YoY). Sales on the other hand came in at Rs 2 bn (up 11.5% YoY). Read on for a complete analysis of ANANT RAJ LTD.'s quarterly results.

ANANT RAJ LTD. 2017-18 Annual Report Analysis (Annual Result Update)

Dec 18, 2018 | Updated on Dec 18, 2018

Here's an analysis of the annual report of ANANT RAJ LTD. for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of ANANT RAJ LTD.. Also includes updates on the valuation of ANANT RAJ LTD..

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