ADITYA BIRLA MONEY 2021-22 Annual Report Analysis

Fri, 24 Jun

ADITYA BIRLA MONEY 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.

ADITYA BIRLA MONEY Income Statement Analysis

• Operating income during the year rose 22.5% on a year-on-year (YoY) basis.
• The company's operating profit increased by 34.9% YoY during the fiscal. Operating profit margins witnessed a fall and down at 28.5% in FY22 as against 25.9% in FY21.
• Depreciation charges decreased by 3.5% and finance costs increased by 18.2% YoY, respectively.
• Other income declined by 6.1% YoY.
• Net profit for the year grew by 65.6% YoY.
• Net profit margins during the year grew from 8.2% in FY21 to 11.0% in FY22.

ADITYA BIRLA MONEY Income Statement 2021-22

No. of Mths Year Ending		12 Mar-21*	12 Mar-22*	% Change
Net Sales	Rs m	1,935	2,370	22.5%
Other income	Rs m	28	26	-6.1%
Total Revenues	Rs m	1,963	2,396	22.1%
Gross profit	Rs m	502	676	34.9%
Depreciation	Rs m	70	68	-3.5%
Interest	Rs m	235	278	18.2%
Profit before tax	Rs m	224	357	59.3%
Tax	Rs m	66	96	44.3%
Profit after tax	Rs m	158	261	65.6%
Gross profit margin	%	25.9	28.5
Effective tax rate	%	29.5	26.8
Net profit margin	%	8.2	11.0

Don't Miss: Best Chance to Access Midcap Stocks Research at 80% OFF

ADITYA BIRLA MONEY Balance Sheet Analysis

• The company's current liabilities during FY22 stood at Rs 12 billion as compared to Rs 8 billion in FY21, thereby witnessing an increase of 42.7%.
• Current assets rose 44% and stood at Rs 12 billion, while fixed assets rose 25% and stood at Rs 495 million in FY22.
• Overall, the total assets and liabilities for FY22 stood at Rs 13 billion as against Rs 9 billion during FY21, thereby witnessing a growth of 44%.

ADITYA BIRLA MONEY Balance Sheet as on March 2022

No. of Mths Year Ending		12 Mar-21*	12 Mar-22*	% Change
Networth	Rs m	469	742	58.3
Current Liabilities	Rs m	8,355	11,924	42.7
Long-term Debt	Rs m	0	0	0.0
Total Liabilities	Rs m	8,781	12,609	43.6
Current assets	Rs m	8,384	12,114	44.5
Fixed Assets	Rs m	397	495	24.6
Total Assets	Rs m	8,781	12,609	43.6

ADITYA BIRLA MONEY Cash Flow Statement Analysis

• ADITYA BIRLA MONEY's cash flow from operating activities (CFO) during FY22 stood at Rs -3 billion, an improvement of 83.1% on a YoY basis.
• Cash flow from investing activities (CFI) during FY22 stood at Rs 3 million, an improvement of 101.2% on a YoY basis.
• Cash flow from financial activities (CFF) during FY22 stood at Rs 3 billion, an improvement of 145% on a YoY basis.
• Overall, net cash flows for the company during FY22 stood at Rs 272 million from the Rs -281 million net cash flows seen during FY21.

ADITYA BIRLA MONEY 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	-1,551	-2,840	-
Cash Flow from Investing Activities	Rs m	2	3	101.2%
Cash Flow from Financing Activities	Rs m	1,269	3,109	145.0%
Net Cash Flow	Rs m	-281	272	-

Current Valuations for ADITYA BIRLA MONEY

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 4.6, an improvement from the EPS of Rs 2.8 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 54.5, stands at 11.7 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 4.1 times, while the price to sales ratio stands at 1.3 times.
• The company's price to cash flow (P/CF) ratio stood at 10.8 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	34.4	42.0
TTM Earnings per share	Rs	2.8	4.6
Diluted earnings per share	Rs	2.8	4.6
Price to Cash Flow	x	10.2	10.8
TTM P/E ratio	x	14.7	11.7
Price / Book Value ratio	x	4.2	4.8
Market Cap	Rs m	1,985	3,566
Dividends per share (Unadj.)	Rs	0.0	0.0

Ratio Analysis for ADITYA BIRLA MONEY

• Solvency Ratios

Current Ratio: The company's current ratio improved and stood at 1.0x during FY22, from 1.0x 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 2.3x during FY22, from 2.0x 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 35.2% during FY22, from 33.7% 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 declined and down at 85.6% during FY22, from 98.0% 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 declined and down at 4.3% during FY22, from 4.5% 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	1.0	1.0
Debtors’ Days	Days	2,904	4,473
Interest coverage	x	2.0	2.3
Debt to equity ratio	x	0.0	0.0
Return on assets	%	4.5	4.3
Return on equity	%	33.7	35.2
Return on capital employed	%	98.0	85.6

To see how ADITYA BIRLA MONEY has performed over the last 5 years, please visit here.

ADITYA BIRLA MONEY Share Price Performance

Over the last one year, ADITYA BIRLA MONEY share price has moved down from Rs 56.3 to Rs 54.5, registering a loss of Rs 1.8 or around 3.2%.

Overall, the S&P BSE SENSEX is up 0.1% over the year.

(To know more, check out historical annual results for ADITYA BIRLA MONEY and quarterly results for ADITYA BIRLA MONEY)

Read: Latest Annual Report Analysis of ADITYA BIRLA MONEY