ANUROOP PACKAGING 2021-22 Annual Report Analysis

Tue, 15 Nov

ANUROOP PACKAGING 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.

ANUROOP PACKAGING Income Statement Analysis

• Operating income during the year rose 7.9% on a year-on-year (YoY) basis.
• The company's operating profit increased by 45.7% YoY during the fiscal. Operating profit margins witnessed a fall and down at 16.8% in FY22 as against 12.4% in FY21.
• Depreciation charges increased by 3.4% and finance costs increased by 38.3% YoY, respectively.
• Other income grew by 34.9% YoY.
• Net profit for the year grew by 57.3% YoY.
• Net profit margins during the year grew from 10.6% in FY21 to 15.4% in FY22.

ANUROOP PACKAGING Income Statement 2021-22

No. of Mths Year Ending		12 Mar-21*	12 Mar-22*	% Change
Net Sales	Rs m	141	152	7.9%
Other income	Rs m	10	13	34.9%
Total Revenues	Rs m	150	165	9.6%
Gross profit	Rs m	17	25	45.7%
Depreciation	Rs m	3	3	3.4%
Interest	Rs m	4	6	38.3%
Profit before tax	Rs m	20	29	47.8%
Tax	Rs m	5	6	19.9%
Profit after tax	Rs m	15	23	57.3%
Gross profit margin	%	12.4	16.8
Effective tax rate	%	25.4	20.6
Net profit margin	%	10.6	15.4

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ANUROOP PACKAGING Balance Sheet Analysis

• The company's current liabilities during FY22 stood at Rs 151 million as compared to Rs 110 million in FY21, thereby witnessing an increase of 37.5%.
• Long-term debt down at Rs 13 million as compared to Rs 15 million during FY21, a fall of 11.0%.
• Current assets rose 25% and stood at Rs 273 million, while fixed assets rose 86% and stood at Rs 84 million in FY22.
• Overall, the total assets and liabilities for FY22 stood at Rs 357 million as against Rs 263 million during FY21, thereby witnessing a growth of 36%.

ANUROOP PACKAGING Balance Sheet as on March 2022

No. of Mths Year Ending		12 Mar-21*	12 Mar-22*	% Change
Networth	Rs m	136	192	40.8
Current Liabilities	Rs m	110	151	37.5
Long-term Debt	Rs m	15	13	-11.0
Total Liabilities	Rs m	263	357	35.8
Current assets	Rs m	218	273	25.5
Fixed Assets	Rs m	45	84	85.7
Total Assets	Rs m	263	357	35.8

ANUROOP PACKAGING Cash Flow Statement Analysis

• ANUROOP PACKAGING's cash flow from operating activities (CFO) during FY22 stood at Rs -15 million on a YoY basis.
• Cash flow from investing activities (CFI) during FY22 stood at Rs -28 million on a YoY basis.
• Cash flow from financial activities (CFF) during FY22 stood at Rs 24 million, an improvement of 570% on a YoY basis.
• Overall, net cash flows for the company during FY22 stood at Rs -19 million from the Rs -21 million net cash flows seen during FY21.

ANUROOP PACKAGING 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	-25	-15	-
Cash Flow from Investing Activities	Rs m	8	-28	-
Cash Flow from Financing Activities	Rs m	-5	24	-
Net Cash Flow	Rs m	-21	-19	-

Current Valuations for ANUROOP PACKAGING

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 2.2, an improvement from the EPS of Rs 1.9 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 24.1, stands at 11.0 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 1.3 times, while the price to sales ratio stands at 1.7 times.
• The company's price to cash flow (P/CF) ratio stood at 6.1 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	18.4	14.2
TTM Earnings per share	Rs	1.9	2.2
Diluted earnings per share	Rs	1.4	2.2
Price to Cash Flow	x	4.8	6.1
TTM P/E ratio	x	5.6	11.0
Price / Book Value ratio	x	0.6	0.8
Market Cap	Rs m	88	160
Dividends per share (Unadj.)	Rs	0.0	0.0

Ratio Analysis for ANUROOP PACKAGING

• Solvency Ratios

Current Ratio: The company's current ratio deteriorated and stood at 1.8x during FY22, from 2.0x 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 5.8x during FY22, from 5.5x 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 12.2% during FY22, from 10.9% 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 17.3% during FY22, from 16.1% 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 8.3% during FY22, from 7.4% 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	2.0	1.8
Debtors’ Days	Days	124,149,435	134,463,540
Interest coverage	x	5.5	5.8
Debt to equity ratio	x	0.1	0.1
Return on assets	%	7.4	8.3
Return on equity	%	10.9	12.2
Return on capital employed	%	16.1	17.3

To see how ANUROOP PACKAGING has performed over the last 5 years, please visit here.

ANUROOP PACKAGING Share Price Performance

Over the last one year, ANUROOP PACKAGING share price has moved up from Rs 13.5 to Rs 24.1, registering a gain of Rs 10.6 or around 78.1%.

Overall, the S&P BSE SENSEX is up 2.8% over the year.

(To know more, check out historical annual results for ANUROOP PACKAGING and quarterly results for ANUROOP PACKAGING)