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AURIONPRO SOLN 2017-18 Annual Report Analysis
Sat, 31 Mar

AURIONPRO SOLN 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.

AURIONPRO SOLN Income Statement Analysis

  • Operating income during the year fell 15.0% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 6.0% YoY during the fiscal. Operating profit margins witnessed a fall and down at 18.6% in FY18 as against 14.9% in FY17.
  • Depreciation charges increased by 9.2% and finance costs decreased by 22.3% YoY, respectively.
  • Other income grew by 436.2% YoY.
  • Net profit for the year grew by 170.9% YoY.
  • Net profit margins during the year grew from 8.6% in FY17 to 27.3% in FY18.

AURIONPRO SOLN Income Statement 2017-18

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Net Sales Rs m 4,920 4,184 -15.0%
Other income Rs m 213 1,145 436.2%
Total Revenues Rs m 5,133 5,328 3.8%
Gross profit Rs m 735 779 6.0%
Depreciation Rs m 295 322 9.2%
Interest Rs m 164 127 -22.3%
Profit before tax Rs m 490 1,474 201.1%
Tax Rs m 68 332 388.7%
Profit after tax Rs m 422 1,142 170.9%
Gross profit margin % 14.9 18.6
Effective tax rate % 13.9 22.5
Net profit margin % 8.6 27.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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AURIONPRO SOLN Balance Sheet Analysis

  • The company's current liabilities during FY18 stood at Rs 3 billion as compared to Rs 2 billion in FY17, thereby witnessing an increase of 5.2%.
  • Long-term debt down at Rs 197 million as compared to Rs 329 million during FY17, a fall of 40.3%.
  • Current assets rose 61% and stood at Rs 4 billion, while fixed assets fell 12% and stood at Rs 4 billion in FY18.
  • Overall, the total assets and liabilities for FY18 stood at Rs 8 billion as against Rs 7 billion during FY17, thereby witnessing a growth of 16%.

AURIONPRO SOLN Balance Sheet as on March 2018

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Networth Rs m 3,038 3,970 30.7
 
Current Liabilities Rs m 2,476 2,606 5.2
Long-term Debt Rs m 329 197 -40.3
Total Liabilities Rs m 6,713 7,779 15.9
 
Current assets Rs m 2,582 4,158 61.0
Fixed Assets Rs m 4,130 3,621 -12.3
Total Assets Rs m 6,713 7,779 15.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



AURIONPRO SOLN Cash Flow Statement Analysis

  • AURIONPRO SOLN's cash flow from operating activities (CFO) during FY18 stood at Rs 1 billion, an improvement of 20.7% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY18 stood at Rs -78 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY18 stood at Rs -354 million, an improvement of 32% on a YoY basis.
  • Overall, net cash flows for the company during FY18 stood at Rs 890 million from the Rs 41 million net cash flows seen during FY17.

AURIONPRO SOLN 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 1,094 1,321 20.7%
Cash Flow from Investing Activities Rs m -513 -78 -
Cash Flow from Financing Activities Rs m -522 -354 -
Net Cash Flow Rs m 41 890 2,068.4%
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for AURIONPRO SOLN

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 48.4, an improvement from the EPS of Rs 19.2 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 213.7, stands at 9.4 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 1.2 times, while the price to sales ratio stands at 1.2 times.
  • The company's price to cash flow (P/CF) ratio stood at 3.1 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 224.1 177.2
TTM Earnings per share Rs 19.2 48.4
Diluted earnings per share Rs 18.5 50.1
Price to Cash Flow x 3.9 3.1
TTM P/E ratio x 6.5 9.4
Price / Book Value ratio x 1.0 1.1
Market Cap Rs m 2,901 4,564
Dividends per share (Unadj.) Rs 1.0 2.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for AURIONPRO SOLN

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.6x during FY18, from 1.0x 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 improved and stood at 12.6x during FY18, from 4.0x 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 improved and stood at 28.8% during FY18, from 13.9% 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 improved and stood at 38.4% during FY18, from 19.4% 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 improved and stood at 16.3% during FY18, from 8.7% 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 1.0 1.6
Debtors’ Days Days 938 1,112
Interest coverage x 4.0 12.6
Debt to equity ratio x 0.1 0.0
Return on assets % 8.7 16.3
Return on equity % 13.9 28.8
Return on capital employed % 19.4 38.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how AURIONPRO SOLN has performed over the last 5 years, please visit here.

AURIONPRO SOLN Share Price Performance

Over the last one year, AURIONPRO SOLN share price has moved up from Rs 123.4 to Rs 213.7, registering a gain of Rs 90.4 or around 73.2%.

Meanwhile, the S&P BSE IT Index is trading at Rs 12,100.6 (down 0.3%). Over the last one year it has moved up from 10,365.5 to 12,100.6, a gain of 1,735 points (up 16.7%).

Overall, the S&P BSE SENSEX is up 12.1% over the year.

(To know more, check out historical annual results for AURIONPRO SOLN and quarterly results for AURIONPRO SOLN)

Annual Report FAQs

What is the current share price of AURIONPRO SOLN?

AURIONPRO SOLN currently trades at Rs 1,806.1 per share. You can check out the latest share price performance of AURIONPRO SOLN here...

What was the revenue of AURIONPRO SOLN in FY18? How does it compare to earlier years?

The revenues of AURIONPRO SOLN stood at Rs 5,328 m in FY18, which was up 3.8% compared to Rs 5,133 m reported in FY17.

AURIONPRO SOLN's revenue has fallen from Rs 7,121 m in FY16 to Rs 5,328 m in FY18.

Over the past 3 years, the revenue of AURIONPRO SOLN has grown at a CAGR of -13.5%.

What was the net profit of AURIONPRO SOLN in FY18? How does it compare to earlier years?

The net profit of AURIONPRO SOLN stood at Rs 1,142 m in FY18, which was up 170.9% compared to Rs 422 m reported in FY17.

This compares to a net profit of Rs 551 m in FY16.

Over the past 3 years, AURIONPRO SOLN net profit has grown at a CAGR of 44.0%.

What does the cash flow statement of AURIONPRO SOLN 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 AURIONPRO SOLN reveals:

  • Cash flow from operations increased in FY18 and stood at Rs 1,321 m as compared to Rs 1,094 m in FY17.
  • Cash flow from investments increased in FY18 and stood at Rs -78 m as compared to Rs -513 m in FY17.
  • Cash flow from financial activity increased in FY18 and stood at Rs -354 m as compared to Rs -522 m in FY17.

Here's the cash flow statement of AURIONPRO SOLN for the past 3 years.

(Rs m)FY16FY17FY18
From Operations3281,0941,321
From Investments-426-513-78
From Financial Activity140-522-354
Net Cashflow4241890

What does the Key Ratio analysis of AURIONPRO SOLN 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 AURIONPRO SOLN reveals:

  • Operating profit margins witnessed a fall and down at 18.6% in FY18 as against 14.9% in FY17.
  • Net profit margins grew from 8.6% in FY17 to 27.3% in FY18.
  • Debt to Equity ratio for FY18 stood at 0.0 as compared to 0.1 in FY17.

Here's the ratio/financial analysis of AURIONPRO SOLN for the past 3 years.

 FY16FY17FY18
Operating Profit Margin (%)14.114.918.6
Net Profit Margin (%)7.88.627.3
Debt to Equity Ratio (x)0.10.10.0

Read: Latest Annual Report Analysis of AURIONPRO SOLN

 

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