ANTONY WASTE HANDLING 2020-21 Annual Report Analysis

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ANTONY WASTE HANDLING 2020-21 Annual Report Analysis
Mon, 22 Nov

ANTONY WASTE HANDLING 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.

ANTONY WASTE HANDLING Income Statement Analysis

  • Operating income during the year rose 3.2% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 6.7% YoY during the fiscal. Operating profit margins witnessed a fall and down at 24.6% in FY21 as against 23.8% in FY20.
  • Depreciation charges increased by 28.7% and finance costs decreased by 5.9% YoY, respectively.
  • Other income grew by 11.4% YoY.
  • Net profit for the year grew by 35.9% YoY.
  • Net profit margins during the year grew from 10.1% in FY20 to 13.3% in FY21.

ANTONY WASTE HANDLING Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 4,505 4,651 3.2%
Other income Rs m 141 157 11.4%
Total Revenues Rs m 4,646 4,808 3.5%
Gross profit Rs m 1,073 1,146 6.7%
Depreciation Rs m 243 312 28.7%
Interest Rs m 303 285 -5.9%
Profit before tax Rs m 669 706 5.5%
Tax Rs m 198 65 -67.1%
Profit after tax Rs m 472 641 35.9%
Gross profit margin % 23.8 24.6
Effective tax rate % 29.6 9.2
Net profit margin % 10.1 13.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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ANTONY WASTE HANDLING Balance Sheet Analysis

  • The company's current liabilities during FY21 stood at Rs 2 billion as compared to Rs 2 billion in FY20, thereby witnessing an increase of 6.3%.
  • Long-term debt down at Rs 845 million as compared to Rs 1 billion during FY20, a fall of 41.8%.
  • Current assets rose 49% and stood at Rs 3 billion, while fixed assets fell 1% and stood at Rs 5 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 8 billion as against Rs 7 billion during FY20, thereby witnessing a growth of 14%.

ANTONY WASTE HANDLING Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 2,241 3,478 55.2
 
Current Liabilities Rs m 1,825 1,941 6.3
Long-term Debt Rs m 1,451 845 -41.8
Total Liabilities Rs m 6,769 7,749 14.5
 
Current assets Rs m 2,097 3,116 48.6
Fixed Assets Rs m 4,672 4,633 -0.8
Total Assets Rs m 6,769 7,749 14.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



ANTONY WASTE HANDLING Cash Flow Statement Analysis

  • ANTONY WASTE HANDLING's cash flow from operating activities (CFO) during FY21 stood at Rs 1 billion, an improvement of 2.8% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs -328 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -37 million on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs 751 million from the Rs 59 million net cash flows seen during FY20.

ANTONY WASTE HANDLING 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 1,084 1,115 2.8%
Cash Flow from Investing Activities Rs m -1,164 -328 -
Cash Flow from Financing Activities Rs m 139 -37 -
Net Cash Flow Rs m 59 751 1,170.2%
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for ANTONY WASTE HANDLING

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 22.6, an improvement from the EPS of Rs 18.4 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 287.0, stands at 10.0 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 3.0 times, while the price to sales ratio stands at 2.2 times.
  • The company's price to cash flow (P/CF) ratio stood at 8.5 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 176.0 164.4
TTM Earnings per share Rs 18.4 22.6
Diluted earnings per share Rs 16.7 22.6
Price to Cash Flow x 10.3 8.5
TTM P/E ratio x 9.1 10.0
Price / Book Value ratio x 0.0 3.0
Market Cap Rs m 7,344 8,118
Dividends per share (Unadj.) Rs 0.0 0.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for ANTONY WASTE HANDLING

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.6x during FY21, from 1.1x 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 3.5x during FY21, from 3.2x 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 declined and down at 18.4% during FY21, from 21.0% 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 declined and down at 22.9% during FY21, from 26.3% 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 11.9% during FY21, from 11.4% 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 1.1 1.6
Debtors’ Days Days 695 703
Interest coverage x 3.2 3.5
Debt to equity ratio x 0.6 0.2
Return on assets % 11.4 11.9
Return on equity % 21.0 18.4
Return on capital employed % 26.3 22.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how ANTONY WASTE HANDLING has performed over the last 5 years, please visit here.

ANTONY WASTE HANDLING Share Price Performance

Over the last one year, ANTONY WASTE HANDLING share price has moved up from Rs 0.0 to Rs 287.0, registering a gain of Rs 287.0 or around 0.0%.

Overall, the S&P BSE SENSEX is up 33.0% over the year.

(To know more, check out historical annual results for ANTONY WASTE HANDLING and quarterly results for ANTONY WASTE HANDLING)

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