ATUL AUTO 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.
No. of Mths Year Ending | 12 Mar-18* | 12 Mar-19* | % Change | |
---|---|---|---|---|
Net Sales | Rs m | 5,426 | 6,668 | 22.9% |
Other income | Rs m | 27 | 68 | 149.9% |
Total Revenues | Rs m | 5,454 | 6,736 | 23.5% |
Gross profit | Rs m | 725 | 815 | 12.3% |
Depreciation | Rs m | 53 | 55 | 5.3% |
Interest | Rs m | 4 | 9 | 103.8% |
Profit before tax | Rs m | 696 | 819 | 17.7% |
Tax | Rs m | 232 | 288 | 24.0% |
Profit after tax | Rs m | 464 | 531 | 14.5% |
Gross profit margin | % | 13.4 | 12.2 | |
Effective tax rate | % | 33.4 | 35.2 | |
Net profit margin | % | 8.5 | 8.0 |
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No. of Mths Year Ending | 12 Mar-18* | 12 Mar-19* | % Change | |
---|---|---|---|---|
Networth | Rs m | 2,208 | 2,620 | 18.6 |
Current Liabilities | Rs m | 744 | 895 | 20.2 |
Long-term Debt | Rs m | 0 | 0 | 0.0 |
Total Liabilities | Rs m | 3,007 | 3,568 | 18.7 |
Current assets | Rs m | 1,905 | 1,891 | -0.8 |
Fixed Assets | Rs m | 1,102 | 1,678 | 52.2 |
Total Assets | Rs m | 3,007 | 3,568 | 18.7 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Mar-18 | Mar-19 | ||
Cash Flow from Operating Activities | Rs m | 261 | 352 | 34.8% |
Cash Flow from Investing Activities | Rs m | -392 | -277 | - |
Cash Flow from Financing Activities | Rs m | -112 | -145 | - |
Net Cash Flow | Rs m | -243 | -70 | - |
No. of Mths Year Ending | 12 Mar-18* | 12 Mar-19* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 247.3 | 303.9 |
TTM Earnings per share | Rs | 21.1 | 24.2 |
Diluted earnings per share | Rs | 21.1 | 24.2 |
Price to Cash Flow | x | 18.8 | 13.7 |
TTM P/E ratio | x | 21.0 | 14.2 |
Price / Book Value ratio | x | 4.5 | 3.1 |
Market Cap | Rs m | 9,894 | 8,042 |
Dividends per share (Unadj.) | Rs | 5.3 | 4.0 |
Current Ratio: The company's current ratio deteriorated and stood at 2.1x during FY19, from 2.6x 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 96.3x during FY19, from 165.9x 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.
Return on Equity (ROE): The ROE for the company declined and down at 20.3% during FY19, from 21.0% 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 declined and down at 31.6% during FY19, from 31.7% 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 15.1% during FY19, from 15.6% during FY18. The ROA measures how efficiently the company uses its assets to generate earnings.
No. of Mths Year Ending | 12 Mar-18* | 12 Mar-19* | |
---|---|---|---|
Current ratio | x | 2.6 | 2.1 |
Debtors’ Days | Days | 526 | 549 |
Interest coverage | x | 165.9 | 96.3 |
Debt to equity ratio | x | 0.0 | 0.0 |
Return on assets | % | 15.6 | 15.1 |
Return on equity | % | 21.0 | 20.3 |
Return on capital employed | % | 31.7 | 31.6 |
To see how ATUL AUTO has performed over the last 5 years, please visit here.
Over the last one year, ATUL AUTO share price has moved down from Rs 441.6 to Rs 344.0, registering a loss of Rs 97.6 or around 22.1%.
Meanwhile, the S&P BSE AUTO Index is trading at Rs 18,824.9 (up 1.2%). Over the last one year it has moved down from 24,057.3 to 18,824.9, a loss of 5,232 points (down 21.7%).
Overall, the S&P BSE SENSEX is up 16.3% over the year.
(To know more, check out historical annual results for ATUL AUTO and quarterly results for ATUL AUTO)
ATUL AUTO currently trades at Rs 527.4 per share. You can check out the latest share price performance of ATUL AUTO here...
The revenues of ATUL AUTO stood at Rs 6,736 m in FY19, which was up 23.5% compared to Rs 5,454 m reported in FY18.
ATUL AUTO's revenue has grown from Rs 4,680 m in FY16 to Rs 6,736 m in FY19.
Over the past 4 years, the revenue of ATUL AUTO has grown at a CAGR of 12.9%.
The net profit of ATUL AUTO stood at Rs 531 m in FY19, which was up 14.5% compared to Rs 464 m reported in FY18.
This compares to a net profit of Rs 371 m in FY17 and a net profit of Rs 474 m in FY16.
Over the past 4 years, ATUL AUTO net profit has grown at a CAGR of 3.9%.
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 ATUL AUTO reveals:
Here's the cash flow statement of ATUL AUTO for the past 4 years.
(Rs m) | FY16 | FY17 | FY18 | FY19 |
---|---|---|---|---|
From Operations | 109 | 711 | 261 | 352 |
From Investments | -100 | -290 | -392 | -277 |
From Financial Activity | -139 | -139 | -112 | -145 |
Net Cashflow | -130 | 283 | -243 | -70 |
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 ATUL AUTO reveals:
Here's the ratio/financial analysis of ATUL AUTO for the past 4 years.
FY16 | FY17 | FY18 | FY19 | |
---|---|---|---|---|
Operating Profit Margin (%) | 16.3 | 14.2 | 13.4 | 12.2 |
Net Profit Margin (%) | 10.2 | 8.9 | 8.5 | 8.0 |
Debt to Equity Ratio (x) | 0.0 | 0.0 | 0.0 | 0.0 |
Read: Latest Annual Report Analysis of ATUL AUTO
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1 Responses to "ATUL AUTO 2018-19 Annual Report Analysis"
Seshan Balakrishnan
Nov 27, 2019You have mentioned in your research report that Atul Auto has been debt free for quite a few years. Given this background - what is the relevance of Interest coverage ratio? Also plz explain detoriation of Interest coverage ratio