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ASTRAL POLY TECHNICK 2020-21 Annual Report Analysis
Wed, 31 Mar

ASTRAL POLY TECHNICK has announced its results for the year ended March 2021. Let us have a look at the detailed performance review of the company during FY20-21.

ASTRAL POLY TECHNICK 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 45.5% YoY during the fiscal. Operating profit margins witnessed a fall and down at 20.3% in FY21 as against 17.2% in FY20.
  • Depreciation charges increased by 8.0% and finance costs decreased by 66.8% YoY, respectively.
  • Other income grew by 107.4% YoY.
  • Net profit for the year grew by 65.3% YoY.
  • Net profit margins during the year grew from 9.7% in FY20 to 13.1% in FY21.

ASTRAL POLY TECHNICK Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 25,779 31,763 23.2%
Other income Rs m 121 251 107.4%
Total Revenues Rs m 25,900 32,014 23.6%
Gross profit Rs m 4,429 6,445 45.5%
Depreciation Rs m 1,079 1,165 8.0%
Interest Rs m 394 131 -66.8%
Profit before tax Rs m 3,077 5,400 75.5%
Tax Rs m 565 1,248 120.9%
Profit after tax Rs m 2,512 4,152 65.3%
Gross profit margin % 17.2 20.3
Effective tax rate % 18.4 23.1
Net profit margin % 9.7 13.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



New Research: 2 stocks to buy as Nifty50 heads towards 40,000

ASTRAL POLY TECHNICK Balance Sheet Analysis

  • The company's current liabilities during FY21 stood at Rs 7 billion as compared to Rs 6 billion in FY20, thereby witnessing an increase of 12.0%.
  • Long-term debt down at Rs 168 million as compared to Rs 1 billion during FY20, a fall of 84.3%.
  • Current assets rose 32% and stood at Rs 13 billion, while fixed assets rose 6% and stood at Rs 14 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 27 billion as against Rs 23 billion during FY20, thereby witnessing a growth of 17%.

ASTRAL POLY TECHNICK Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 15,018 18,953 26.2
 
Current Liabilities Rs m 6,148 6,883 12.0
Long-term Debt Rs m 1,069 168 -84.3
Total Liabilities Rs m 22,891 26,727 16.8
 
Current assets Rs m 9,630 12,690 31.8
Fixed Assets Rs m 13,261 14,037 5.9
Total Assets Rs m 22,891 26,727 16.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



ASTRAL POLY TECHNICK Cash Flow Statement Analysis

  • ASTRAL POLY TECHNICK's cash flow from operating activities (CFO) during FY21 stood at Rs 7 billion, an improvement of 63.8% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs -5 billion, an improvement of 42.9% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -2 billion, an improvement of 6% on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs 568 million from the Rs -753 million net cash flows seen during FY20.

ASTRAL POLY TECHNICK Cash Flow Statement 2020-21

Particulars No. of months 12 12 % Change
Year Ending Mar-20 Mar-21
Cash Flow from Operating Activities Rs m 4,054 6,641 63.8%
Cash Flow from Investing Activities Rs m -3,177 -4,541 -
Cash Flow from Financing Activities Rs m -1,630 -1,532 -
Net Cash Flow Rs m -753 568 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for ASTRAL POLY TECHNICK

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 20.7, an improvement from the EPS of Rs 16.7 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 1,616.7, stands at 78.2 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 17.1 times, while the price to sales ratio stands at 10.2 times.
  • The company's price to cash flow (P/CF) ratio stood at 64.6 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-20* 12 Mar-21*
Sales per share (Unadj.) Rs 171.1 158.1
TTM Earnings per share Rs 16.7 20.7
Diluted earnings per share Rs 12.5 20.7
Price to Cash Flow x 51.7 64.6
TTM P/E ratio x 73.9 78.2
Price / Book Value ratio x 10.7 18.1
Market Cap Rs m 160,199 343,351
Dividends per share (Unadj.) Rs 1.0 2.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for ASTRAL POLY TECHNICK

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.8x during FY21, from 1.6x during FY20. 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 42.2x during FY21, from 8.8x during FY20. 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 21.9% during FY21, from 16.7% during FY21. 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 28.9% during FY21, from 21.6% during FY20. 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 16.0% during FY21, from 12.7% during FY20. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-20* 12 Mar-21*
Current ratio x 1.6 1.8
Debtors’ Days Days 32 32
Interest coverage x 8.8 42.2
Debt to equity ratio x 0.1 0.0
Return on assets % 12.7 16.0
Return on equity % 16.7 21.9
Return on capital employed % 21.6 28.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how ASTRAL POLY TECHNICK has performed over the last 5 years, please visit here.

ASTRAL POLY TECHNICK Share Price Performance

Over the last one year, ASTRAL POLY TECHNICK share price has moved up from Rs 924.5 to Rs 1,616.7, registering a gain of Rs 692.3 or around 74.9%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 21,095.8 (down 0.4%). Over the last one year it has moved up from 10,979.5 to 21,095.8, a gain of 10,116 points (up 92.1%).

Overall, the S&P BSE SENSEX is up 74.1% over the year.

(To know more, check out historical annual results for ASTRAL POLY TECHNICK and quarterly results for ASTRAL POLY TECHNICK)

Annual Report FAQs

What is the current share price of ASTRAL POLY TECHNICK?

ASTRAL POLY TECHNICK currently trades at Rs 1,990.5 per share. You can check out the latest share price performance of ASTRAL POLY TECHNICK here...

What was the revenue of ASTRAL POLY TECHNICK in FY21? How does it compare to earlier years?

The revenues of ASTRAL POLY TECHNICK stood at Rs 32,014 m in FY21, which was up 23.6% compared to Rs 25,900 m reported in FY20.

ASTRAL POLY TECHNICK's revenue has grown from Rs 16,712 m in FY17 to Rs 32,014 m in FY21.

Over the past 5 years, the revenue of ASTRAL POLY TECHNICK has grown at a CAGR of 17.6%.

What was the net profit of ASTRAL POLY TECHNICK in FY21? How does it compare to earlier years?

The net profit of ASTRAL POLY TECHNICK stood at Rs 4,152 m in FY21, which was up 65.3% compared to Rs 2,512 m reported in FY20.

This compares to a net profit of Rs 2,009 m in FY19 and a net profit of Rs 1,783 m in FY18.

Over the past 5 years, ASTRAL POLY TECHNICK net profit has grown at a CAGR of 29.6%.

What does the cash flow statement of ASTRAL POLY TECHNICK 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 ASTRAL POLY TECHNICK reveals:

  • Cash flow from operations increased in FY21 and stood at Rs 6,641 m as compared to Rs 4,054 m in FY20.
  • Cash flow from investments decreased in FY21 and stood at Rs -4,541 m as compared to Rs -3,177 m in FY20.
  • Cash flow from financial activity increased in FY21 and stood at Rs -1,532 m as compared to Rs -1,630 m in FY20.

Here's the cash flow statement of ASTRAL POLY TECHNICK for the past 5 years.

(Rs m)FY17FY18FY19FY20FY21
From Operations1,1422,8183,4204,0546,641
From Investments-1,580-1,853-2,934-3,177-4,541
From Financial Activity121-711-50-1,630-1,532
Net Cashflow-317255457-753568

What does the Key Ratio analysis of ASTRAL POLY TECHNICK 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 ASTRAL POLY TECHNICK reveals:

  • Operating profit margins witnessed a fall and down at 20.3% in FY21 as against 17.2% in FY20.
  • Net profit margins grew from 9.7% in FY20 to 13.1% in FY21.
  • Debt to Equity ratio for FY21 stood at 0.0 as compared to 0.1 in FY20.

Here's the ratio/financial analysis of ASTRAL POLY TECHNICK for the past 5 years.

 FY17FY18FY19FY20FY21
Operating Profit Margin (%)15.815.515.417.220.3
Net Profit Margin (%)8.98.78.09.713.1
Debt to Equity Ratio (x)0.10.10.10.10.0

Read: Latest Annual Report Analysis of ASTRAL

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