ARCHIES LTD 2018-19 Annual Report Analysis

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ARCHIES LTD 2018-19 Annual Report Analysis
Mon, 30 Sep

ARCHIES 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.

ARCHIES LTD Income Statement Analysis

  • Operating income during the year rose 1.5% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 69.5% YoY during the fiscal. Operating profit margins witnessed a fall and down at 2.8% in FY19 as against 1.7% in FY18.
  • Depreciation charges decreased by 11.2% and finance costs decreased by 4.3% YoY, respectively.
  • Other income grew by 89.9% YoY.
  • Net profit for the year declined by 130.8% YoY.
  • Net profit margins during the year grew from 1.5% in FY18 to 0.5% in FY19.

ARCHIES LTD Income Statement 2018-19

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Net Sales Rs m 1,564 1,587 1.5%
Other income Rs m 14 26 89.9%
Total Revenues Rs m 1,578 1,614 2.2%
Gross profit Rs m 26 44 69.5%
Depreciation Rs m 40 36 -11.2%
Interest Rs m 28 27 -4.3%
Profit before tax Rs m -29 7 -125.3%
Tax Rs m -5 0 -100.0%
Profit after tax Rs m -24 7 -130.8%
Gross profit margin % 1.7 2.8
Effective tax rate % 17.7 0.0
Net profit margin % -1.5 0.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



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ARCHIES LTD Balance Sheet Analysis

  • The company's current liabilities during FY19 down at Rs 352 million as compared to Rs 440 million in FY18, thereby witnessing an decrease of -19.9%.
  • Current assets rose 2% and stood at Rs 812 million, while fixed assets fell 0% and stood at Rs 755 million in FY19.
  • Overall, the total assets and liabilities for FY19 stood at Rs 2 billion as against Rs 2 billion during FY18, thereby witnessing a growth of 2%.

ARCHIES LTD Balance Sheet as on March 2019

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Networth Rs m 1,176 1,180 0.4
 
Current Liabilities Rs m 440 352 -19.9
Long-term Debt Rs m 0 0 0.0
Total Liabilities Rs m 1,658 1,685 1.6
 
Current assets Rs m 797 812 1.9
Fixed Assets Rs m 756 755 -0.1
Total Assets Rs m 1,658 1,685 1.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



ARCHIES LTD Cash Flow Statement Analysis

  • ARCHIES LTD's cash flow from operating activities (CFO) during FY19 stood at Rs 72 million, an improvement of 72.3% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY19 stood at Rs -46 million, an improvement of 27.0% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY19 stood at Rs -18 million on a YoY basis.
  • Overall, net cash flows for the company during FY19 stood at Rs 9 million from the Rs 0 million net cash flows seen during FY18.

ARCHIES 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 42 72 72.3%
Cash Flow from Investing Activities Rs m -36 -46 -
Cash Flow from Financing Activities Rs m -6 -18 -
Net Cash Flow Rs m 0 9 8,500.0%
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for ARCHIES LTD

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 0.2, an improvement from the EPS of Rs -0.7 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 20.5, stands at -61.9 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 1.0 times, while the price to sales ratio stands at 0.7 times.
  • The company's price to cash flow (P/CF) ratio stood at 16.0 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 46.3 47.0
TTM Earnings per share Rs -0.7 0.2
Diluted earnings per share Rs -0.7 0.2
Price to Cash Flow x 41.6 16.0
TTM P/E ratio x -61.9 -61.9
Price / Book Value ratio x 1.1 1.0
Market Cap Rs m 691 691
Dividends per share (Unadj.) Rs 0.0 0.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for ARCHIES LTD

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 2.3x during FY19, from 1.8x 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 improved and stood at 1.3x during FY19, from 0.0x 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 improved and stood at 0.6% during FY19, from -2.0% 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 2.9% during FY19, from -0.1% 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 2.0% during FY19, from 0.3% 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 1.8 2.3
Debtors’ Days Days 51 44
Interest coverage x 0.0 1.3
Debt to equity ratio x 0.0 0.0
Return on assets % 0.3 2.0
Return on equity % -2.0 0.6
Return on capital employed % -0.1 2.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



To see how ARCHIES LTD has performed over the last 5 years, please visit here.

ARCHIES LTD Share Price Performance

Over the last one year, ARCHIES LTD share price has moved down from Rs 24.8 to Rs 20.5, registering a loss of Rs 4.3 or around 17.4%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 11,704.1 (down 0.3%). Over the last one year it has moved up from 11,502.8 to 11,704.1, a gain of 201 points (up 1.8%).

Overall, the S&P BSE SENSEX is up 6.0% over the year.

(To know more, check out historical annual results for ARCHIES LTD and quarterly results for ARCHIES LTD)

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Related Views on News

ARCHIES LTD Announces Quarterly Results (1QFY20); Net Profit Down 392.1% (Quarterly Result Update)

Aug 16, 2019 | Updated on Aug 16, 2019

For the quarter ended June 2019, ARCHIES LTD has posted a net profit of Rs 23 m (down 392.1% YoY). Sales on the other hand came in at Rs 313 m (down 8.6% YoY). Read on for a complete analysis of ARCHIES LTD's quarterly results.

ARCHIES LTD Announces Quarterly Results (4QFY19); Net Profit Down 213.4% (Quarterly Result Update)

Jun 5, 2019 | Updated on Jun 5, 2019

For the quarter ended March 2019, ARCHIES LTD has posted a net profit of Rs 3 m (down 213.4% YoY). Sales on the other hand came in at Rs 404 m (down 5.4% YoY). Read on for a complete analysis of ARCHIES LTD's quarterly results.

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