ASTRA MICRO 2018-19 Annual Report Analysis

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

ASTRA MICRO 2018-19 Annual Report Analysis
Tue, 17 Sep

ASTRA MICRO 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.

ASTRA MICRO Income Statement Analysis

  • Operating income during the year fell 19.0% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 74.1% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 9.8% in FY19 as against 30.6% in FY18.
  • Depreciation charges increased by 5.4% and finance costs decreased by 24.1% YoY, respectively.
  • Other income grew by 189.8% YoY.
  • Net profit for the year declined by 84.0% YoY.
  • Net profit margins during the year declined from 16.5% in FY18 to 3.1% in FY19.

ASTRA MICRO Income Statement 2018-19

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Net Sales Rs m 3,622 2,935 -19.0%
Other income Rs m 85 245 189.8%
Total Revenues Rs m 3,707 3,180 -14.2%
Gross profit Rs m 1,109 288 -74.1%
Depreciation Rs m 274 289 5.4%
Interest Rs m 122 93 -24.1%
Profit before tax Rs m 797 151 -81.0%
Tax Rs m 187 36 -80.7%
Profit after tax Rs m 611 98 -84.0%
Gross profit margin % 30.6 9.8
Effective tax rate % 23.4 23.8
Net profit margin % 16.5 3.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



ASTRA MICRO Balance Sheet Analysis

  • The company's current liabilities during FY19 down at Rs 1 billion as compared to Rs 2 billion in FY18, thereby witnessing an decrease of -31.2%.
  • Long-term debt down at Rs 48 million as compared to Rs 143 million during FY18, a fall of 66.7%.
  • Current assets fell 12% and stood at Rs 4 billion, while fixed assets fell 0% and stood at Rs 2 billion in FY19.
  • Overall, the total assets and liabilities for FY19 stood at Rs 6 billion as against Rs 7 billion during FY18, thereby witnessing a fall of 9%.

ASTRA MICRO Balance Sheet as on March 2019

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Networth Rs m 5,010 4,996 -0.3
 
Current Liabilities Rs m 1,553 1,068 -31.2
Long-term Debt Rs m 143 48 -66.7
Total Liabilities Rs m 6,760 6,161 -8.9
 
Current assets Rs m 4,631 4,060 -12.3
Fixed Assets Rs m 1,952 1,951 -0.1
Total Assets Rs m 6,760 6,161 -8.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



ASTRA MICRO Cash Flow Statement Analysis

  • ASTRA MICRO's cash flow from operating activities (CFO) during FY19 stood at Rs 15 million on a YoY basis.
  • Cash flow from investing activities (CFI) during FY19 stood at Rs 854 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY19 stood at Rs -984 million on a YoY basis.
  • Overall, net cash flows for the company during FY19 stood at Rs -115 million from the Rs 197 million net cash flows seen during FY18.

ASTRA MICRO 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 1,788 15 -99.2%
Cash Flow from Investing Activities Rs m -944 854 -
Cash Flow from Financing Activities Rs m -648 -984 -
Net Cash Flow Rs m 197 -115 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for ASTRA MICRO

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 1.1, an decline from the EPS of Rs 7.1 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 76.4, stands at -225.2 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 1.6 times, while the price to sales ratio stands at 2.7 times.
  • The company's price to cash flow (P/CF) ratio stood at 15.5 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 41.8 33.9
TTM Earnings per share Rs 7.1 1.1
Diluted earnings per share Rs 7.5 1.2
Price to Cash Flow x 7.5 15.5
TTM P/E ratio x -238.4 -225.2
Price / Book Value ratio x 1.9 1.6
Market Cap Rs m 6,617 6,252
Dividends per share (Unadj.) Rs 1.2 0.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for ASTRA MICRO

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 3.8x during FY19, from 3.0x 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 deteriorated and stood at 2.6x during FY19, from 7.5x 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 declined and down at 2.0% during FY19, from 12.2% 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 declined and down at 4.5% during FY19, from 17.8% 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 declined and down at 3.1% during FY19, from 10.8% 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 3.0 3.8
Debtors’ Days Days 192 239
Interest coverage x 7.5 2.6
Debt to equity ratio x 0.0 0.0
Return on assets % 10.8 3.1
Return on equity % 12.2 2.0
Return on capital employed % 17.8 4.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



To see how ASTRA MICRO has performed over the last 5 years, please visit here.

ASTRA MICRO Share Price Performance

Over the last one year, ASTRA MICRO share price has moved down from Rs 90.4 to Rs 76.4, registering a loss of Rs 14.0 or around 15.4%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,268.5 (down 0.2%). Over the last one year it has moved down from 18,429.3 to 17,268.5, a loss of 1,161 points (down 6.3%).

Overall, the S&P BSE SENSEX is down 1.5% over the year.

(To know more, check out historical annual results for ASTRA MICRO and quarterly results for ASTRA MICRO)

Equitymaster requests your view! Post a comment on "ASTRA MICRO 2018-19 Annual Report Analysis". Click here!

  

Related Views on News

ASTRA MICRO Announces Quarterly Results (1QFY20); Net Profit Down 191.6% (Quarterly Result Update)

Aug 20, 2019 | Updated on Aug 20, 2019

For the quarter ended June 2019, ASTRA MICRO has posted a net profit of Rs 73 m (down 191.6% YoY). Sales on the other hand came in at Rs 303 m (down 43.5% YoY). Read on for a complete analysis of ASTRA MICRO's quarterly results.

ASTRA MICRO Announces Quarterly Results (4QFY19); Net Profit Down 75.3% (Quarterly Result Update)

May 14, 2019 | Updated on May 14, 2019

For the quarter ended March 2019, ASTRA MICRO has posted a net profit of Rs 73 m (down 75.3% YoY). Sales on the other hand came in at Rs 1 bn (down 33.1% YoY). Read on for a complete analysis of ASTRA MICRO's quarterly results.

ASTRA MICRO 2017-18 Annual Report Analysis (Annual Result Update)

Dec 20, 2018 | Updated on Dec 20, 2018

Here's an analysis of the annual report of ASTRA MICRO for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of ASTRA MICRO. Also includes updates on the valuation of ASTRA MICRO.

Garden Reach Shipbuilders and Engineers Ltd: Is This PSU Shipbuilder Worth Betting On? (IPO)

Sep 24, 2018

Should you apply for the IPO of Garden Reach Shipbuilders and Engineers Ltd?

H.G Infra Engineering Ltd. (IPO)

Feb 24, 2018

Should you subscribe to the IPO of H.G Infra Engineering Ltd.?

More Views on News

Most Popular

Bet on These Smallcap Stocks for Success in 2020(Profit Hunter)

Jan 14, 2020

The smallcap rebound finally seems to here... Make sure you aren't too late to make the most of the biggest wealth making opportunity in a decade.

Guess Which Stocks Are Rising at Double the Speed of Sensex(Profit Hunter)

Jan 15, 2020

These stocks can move twice as fast as the Sensex - to take advantage of their money multiplying power get in now as the rally is still just taking shape.. read more to not miss out.

For 1,000%+ Gains, Follow the 8-Year Cycle in the Stock Market(Fast Profits Daily)

Jan 17, 2020

This is how the biggest trading profits are made.

How to Buy the Best Safe Stocks in 2020(The 5 Minute Wrapup)

Jan 17, 2020

Don't fall for the safe stocks narrative going around in the stock market these days.

What the Infosys Results Tell Us About the Next Infosys(The 5 Minute Wrapup)

Jan 15, 2020

If you're interested in the next Infosys, I'll tell you where to look.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

TRACK ASTRA MICRO

  • Track your investment in ASTRA MICRO with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

ASTRA MICRO 5-YR ANALYSIS

COMPARE ASTRA MICRO WITH

MARKET STATS