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ANUPAM RASAYAN 2021-22 Annual Report Analysis
Wed, 24 Aug

ANUPAM RASAYAN 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.

ANUPAM RASAYAN Income Statement Analysis

  • Operating income during the year rose 31.5% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 53.4% YoY during the fiscal. Operating profit margins witnessed a fall and down at 27.9% in FY22 as against 23.9% in FY21.
  • Depreciation charges increased by 16.4% and finance costs decreased by 55.0% YoY, respectively.
  • Other income declined by 43.2% YoY.
  • Net profit for the year grew by 115.6% YoY.
  • Net profit margins during the year grew from 8.7% in FY21 to 14.2% in FY22.

ANUPAM RASAYAN Income Statement 2021-22

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Net Sales Rs m 8,109 10,660 31.5%
Other income Rs m 266 151 -43.2%
Total Revenues Rs m 8,375 10,811 29.1%
Gross profit Rs m 1,936 2,970 53.4%
Depreciation Rs m 517 601 16.4%
Interest Rs m 685 308 -55.0%
Profit before tax Rs m 1,000 2,212 121.2%
Tax Rs m 297 697 134.5%
Profit after tax Rs m 703 1,515 115.6%
Gross profit margin % 23.9 27.9
Effective tax rate % 29.7 31.5
Net profit margin % 8.7 14.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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ANUPAM RASAYAN Balance Sheet Analysis

  • The company's current liabilities during FY22 stood at Rs 6 billion as compared to Rs 4 billion in FY21, thereby witnessing an increase of 39.3%.
  • Long-term debt stood at Rs 5 billion as compared to Rs 2 billion during FY21, a growth of 99.9%.
  • Current assets rose 32% and stood at Rs 14 billion, while fixed assets rose 20% and stood at Rs 14 billion in FY22.
  • Overall, the total assets and liabilities for FY22 stood at Rs 29 billion as against Rs 23 billion during FY21, thereby witnessing a growth of 25%.

ANUPAM RASAYAN Balance Sheet as on March 2022

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Networth Rs m 15,728 17,227 9.5
 
Current Liabilities Rs m 4,291 5,976 39.3
Long-term Debt Rs m 2,474 4,945 99.9
Total Liabilities Rs m 23,065 28,931 25.4
 
Current assets Rs m 10,990 14,491 31.9
Fixed Assets Rs m 12,075 14,439 19.6
Total Assets Rs m 23,065 28,931 25.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



ANUPAM RASAYAN Cash Flow Statement Analysis

  • ANUPAM RASAYAN's cash flow from operating activities (CFO) during FY22 stood at Rs -2 billion on a YoY basis.
  • Cash flow from investing activities (CFI) during FY22 stood at Rs -4 billion, an improvement of 113.4% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY22 stood at Rs 4 billion on a YoY basis.
  • Overall, net cash flows for the company during FY22 stood at Rs -2 billion from the Rs 2 billion net cash flows seen during FY21.

ANUPAM RASAYAN 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 15 -1,712 -
Cash Flow from Investing Activities Rs m -1,931 -4,120 -
Cash Flow from Financing Activities Rs m 4,158 3,844 -7.6%
Net Cash Flow Rs m 2,241 -1,989 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for ANUPAM RASAYAN

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 15.1, an improvement from the EPS of Rs 7.0 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 749.9, stands at 47.9 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 4.4 times, while the price to sales ratio stands at 7.1 times.
  • The company's price to cash flow (P/CF) ratio stood at 37.9 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 81.2 106.3
TTM Earnings per share Rs 7.0 15.1
Diluted earnings per share Rs 7.0 15.1
Price to Cash Flow x 40.3 37.9
TTM P/E ratio x 70.0 47.9
Price / Book Value ratio x 3.2 4.7
Market Cap Rs m 51,020 80,147
Dividends per share (Unadj.) Rs 0.5 1.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for ANUPAM RASAYAN

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 2.4x during FY22, from 2.6x 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 8.2x during FY22, from 2.5x 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 8.8% during FY22, from 4.5% 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 11.4% during FY22, from 9.3% 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 6.3% during FY22, from 6.0% 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 2.6 2.4
Debtors’ Days Days 92 96
Interest coverage x 2.5 8.2
Debt to equity ratio x 0.2 0.3
Return on assets % 6.0 6.3
Return on equity % 4.5 8.8
Return on capital employed % 9.3 11.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how ANUPAM RASAYAN has performed over the last 5 years, please visit here.

ANUPAM RASAYAN Share Price Performance

Over the last one year, ANUPAM RASAYAN share price has moved up from Rs 717.9 to Rs 749.9, registering a gain of Rs 32.1 or around 4.5%.

Overall, the S&P BSE SENSEX is up 6.4% over the year.

(To know more, check out historical annual results for ANUPAM RASAYAN and quarterly results for ANUPAM RASAYAN)

Annual Report FAQs

What is the current share price of ANUPAM RASAYAN?

ANUPAM RASAYAN currently trades at Rs 868.9 per share. You can check out the latest share price performance of ANUPAM RASAYAN here...

What was the revenue of ANUPAM RASAYAN in FY22? How does it compare to earlier years?

The revenues of ANUPAM RASAYAN stood at Rs 10,811 m in FY22, which was up 29.1% compared to Rs 8,375 m reported in FY21.

ANUPAM RASAYAN's revenue has grown from Rs 3,492 m in FY18 to Rs 10,811 m in FY22.

Over the past 5 years, the revenue of ANUPAM RASAYAN has grown at a CAGR of 32.6%.

What was the net profit of ANUPAM RASAYAN in FY22? How does it compare to earlier years?

The net profit of ANUPAM RASAYAN stood at Rs 1,515 m in FY22, which was up 115.6% compared to Rs 703 m reported in FY21.

This compares to a net profit of Rs 532 m in FY20 and a net profit of Rs 502 m in FY19.

Over the past 5 years, ANUPAM RASAYAN net profit has grown at a CAGR of 39.6%.

What does the cash flow statement of ANUPAM RASAYAN 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 ANUPAM RASAYAN reveals:

  • Cash flow from operations decreased in FY22 and stood at Rs -1,712 m as compared to Rs 15 m in FY21.
  • Cash flow from investments decreased in FY22 and stood at Rs -4,120 m as compared to Rs -1,931 m in FY21.
  • Cash flow from financial activity decreased in FY22 and stood at Rs 3,844 m as compared to Rs 4,158 m in FY21.

Here's the cash flow statement of ANUPAM RASAYAN for the past 5 years.

(Rs m)FY18FY19FY20FY21FY22
From Operations-21938994915-1,712
From Investments-2,551-2,502-1,782-1,931-4,120
From Financial Activity2,7652,0571,0194,1583,844
Net Cashflow-5-561862,241-1,989

What does the Key Ratio analysis of ANUPAM RASAYAN 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 ANUPAM RASAYAN reveals:

  • Operating profit margins witnessed a fall and down at 27.9% in FY22 as against 23.9% in FY21.
  • Net profit margins grew from 8.7% in FY21 to 14.2% in FY22.
  • Debt to Equity ratio for FY22 stood at 0.3 as compared to 0.2 in FY21.

Here's the ratio/financial analysis of ANUPAM RASAYAN for the past 5 years.

 FY18FY19FY20FY21FY22
Operating Profit Margin (%)21.818.624.423.927.9
Net Profit Margin (%)11.610.010.18.714.2
Debt to Equity Ratio (x)0.60.90.90.20.3

Read: Latest Annual Report Analysis of ANUPAM RASAYAN

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