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APOLLO SINDOORI HOTELS 2021-22 Annual Report Analysis
Tue, 8 Nov

APOLLO SINDOORI HOTELS 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.

APOLLO SINDOORI HOTELS Income Statement Analysis

  • Operating income during the year rose 23.2% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 58.2% YoY during the fiscal. Operating profit margins witnessed a fall and down at 10.7% in FY22 as against 8.4% in FY21.
  • Depreciation charges increased by 4.8% and finance costs increased by 24.7% YoY, respectively.
  • Other income declined by 24.1% YoY.
  • Net profit for the year grew by 54.8% YoY.
  • Net profit margins during the year grew from 5.7% in FY21 to 7.1% in FY22.

APOLLO SINDOORI HOTELS Income Statement 2021-22

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Net Sales Rs m 1,687 2,079 23.2%
Other income Rs m 37 28 -24.1%
Total Revenues Rs m 1,724 2,107 22.2%
Gross profit Rs m 141 223 58.2%
Depreciation Rs m 46 49 4.8%
Interest Rs m 21 26 24.7%
Profit before tax Rs m 110 176 59.9%
Tax Rs m 15 28 93.1%
Profit after tax Rs m 96 148 54.8%
Gross profit margin % 8.4 10.7
Effective tax rate % 13.2 16.0
Net profit margin % 5.7 7.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Read Now: We're Bullish on 2 Non-Nifty Stocks

APOLLO SINDOORI HOTELS Balance Sheet Analysis

  • The company's current liabilities during FY22 stood at Rs 391 million as compared to Rs 367 million in FY21, thereby witnessing an increase of 6.4%.
  • Long-term debt down at Rs 28 million as compared to Rs 36 million during FY21, a fall of 22.4%.
  • Current assets rose 13% and stood at Rs 750 million, while fixed assets rose 6% and stood at Rs 883 million in FY22.
  • Overall, the total assets and liabilities for FY22 stood at Rs 2 billion as against Rs 1 billion during FY21, thereby witnessing a growth of 9%.

APOLLO SINDOORI HOTELS Balance Sheet as on March 2022

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Networth Rs m 879 1,024 16.5
 
Current Liabilities Rs m 367 391 6.4
Long-term Debt Rs m 36 28 -22.4
Total Liabilities Rs m 1,492 1,633 9.4
 
Current assets Rs m 662 750 13.3
Fixed Assets Rs m 830 883 6.4
Total Assets Rs m 1,492 1,633 9.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



APOLLO SINDOORI HOTELS Cash Flow Statement Analysis

  • APOLLO SINDOORI HOTELS 's cash flow from operating activities (CFO) during FY22 stood at Rs 226 million, an improvement of 33.9% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY22 stood at Rs -157 million, an improvement of 35.0% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY22 stood at Rs -36 million on a YoY basis.
  • Overall, net cash flows for the company during FY22 stood at Rs 34 million from the Rs 24 million net cash flows seen during FY21.

APOLLO SINDOORI HOTELS 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 169 226 33.9%
Cash Flow from Investing Activities Rs m -116 -157 -
Cash Flow from Financing Activities Rs m -29 -36 -
Net Cash Flow Rs m 24 34 43.8%
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for APOLLO SINDOORI HOTELS

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 56.9, an improvement from the EPS of Rs 36.8 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 1,528.8, stands at 71.6 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 3.9 times, while the price to sales ratio stands at 1.9 times.
  • The company's price to cash flow (P/CF) ratio stood at 10.5 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 649.0 799.8
TTM Earnings per share Rs 36.8 56.9
Diluted earnings per share Rs 36.8 56.9
Price to Cash Flow x 0.0 10.5
TTM P/E ratio x 0.0 71.6
Price / Book Value ratio x 1.6 2.0
Market Cap Rs m 1,424 2,074
Dividends per share (Unadj.) Rs 1.3 1.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for APOLLO SINDOORI HOTELS

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.9x during FY22, from 1.8x 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 7.7x during FY22, from 6.2x 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 14.5% 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 19.2% during FY22, from 14.3% 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 10.7% during FY22, from 7.8% 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 1.8 1.9
Debtors’ Days Days 788 645
Interest coverage x 6.2 7.7
Debt to equity ratio x 0.0 0.0
Return on assets % 7.8 10.7
Return on equity % 10.9 14.5
Return on capital employed % 14.3 19.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how APOLLO SINDOORI HOTELS has performed over the last 5 years, please visit here.

APOLLO SINDOORI HOTELS Share Price Performance

Over the last one year, APOLLO SINDOORI HOTELS share price has moved down from Rs 0.0 to Rs 0.0, registering a loss of Rs 0.0 or around 0.0%.

Overall, the NIFTY 50 is up 0.5% over the year.

(To know more, check out historical annual results for APOLLO SINDOORI HOTELS and quarterly results for APOLLO SINDOORI HOTELS )

Annual Report FAQs

What is the current share price of APOLLO SINDOORI HOTELS ?

APOLLO SINDOORI HOTELS currently trades at Rs 1,666.8 per share. You can check out the latest share price performance of APOLLO SINDOORI HOTELS here...

What was the revenue of APOLLO SINDOORI HOTELS in FY22? How does it compare to earlier years?

The revenues of APOLLO SINDOORI HOTELS stood at Rs 2,107 m in FY22, which was up 22.2% compared to Rs 1,724 m reported in FY21.

APOLLO SINDOORI HOTELS 's revenue has grown from Rs 1,409 m in FY18 to Rs 2,107 m in FY22.

Over the past 5 years, the revenue of APOLLO SINDOORI HOTELS has grown at a CAGR of 10.6%.

What was the net profit of APOLLO SINDOORI HOTELS in FY22? How does it compare to earlier years?

The net profit of APOLLO SINDOORI HOTELS stood at Rs 148 m in FY22, which was up 54.8% compared to Rs 96 m reported in FY21.

This compares to a net profit of Rs 56 m in FY20 and a net profit of Rs 93 m in FY19.

Over the past 5 years, APOLLO SINDOORI HOTELS net profit has grown at a CAGR of 21.5%.

What does the cash flow statement of APOLLO SINDOORI HOTELS 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 APOLLO SINDOORI HOTELS reveals:

  • Cash flow from operations increased in FY22 and stood at Rs 226 m as compared to Rs 169 m in FY21.
  • Cash flow from investments decreased in FY22 and stood at Rs -157 m as compared to Rs -116 m in FY21.
  • Cash flow from financial activity decreased in FY22 and stood at Rs -36 m as compared to Rs -29 m in FY21.

Here's the cash flow statement of APOLLO SINDOORI HOTELS for the past 5 years.

(Rs m)FY18FY19FY20FY21FY22
From Operations179213224169226
From Investments-102-130-206-116-157
From Financial Activity-10-1224-29-36
Net Cashflow6771422434

What does the Key Ratio analysis of APOLLO SINDOORI HOTELS 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 APOLLO SINDOORI HOTELS reveals:

  • Operating profit margins witnessed a fall and down at 10.7% in FY22 as against 8.4% in FY21.
  • Net profit margins grew from 5.7% in FY21 to 7.1% in FY22.
  • Debt to Equity ratio for FY22 stood at 0.0 as compared to 0.0 in FY21.

Here's the ratio/financial analysis of APOLLO SINDOORI HOTELS for the past 5 years.

 FY18FY19FY20FY21FY22
Operating Profit Margin (%)7.66.74.38.410.7
Net Profit Margin (%)4.95.72.95.77.1
Debt to Equity Ratio (x)0.00.00.10.00.0

Read: Latest Annual Report Analysis of APOLLO SINDOORI HOTELS

 

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