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BAJAJ CONSUMER CARE 2020-21 Annual Report Analysis
Wed, 31 Mar

BAJAJ CONSUMER CARE 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.

BAJAJ CONSUMER CARE Income Statement Analysis

  • Operating income during the year rose 8.2% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 17.8% YoY during the fiscal. Operating profit margins witnessed a fall and down at 26.2% in FY21 as against 24.0% in FY20.
  • Depreciation charges increased by 7.7% and finance costs decreased by 67.6% YoY, respectively.
  • Other income grew by 21.1% YoY.
  • Net profit for the year grew by 20.8% YoY.
  • Net profit margins during the year grew from 21.7% in FY20 to 24.2% in FY21.

BAJAJ CONSUMER CARE Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 8,522 9,218 8.2%
Other income Rs m 305 369 21.1%
Total Revenues Rs m 8,827 9,587 8.6%
Gross profit Rs m 2,046 2,411 17.8%
Depreciation Rs m 58 63 7.7%
Interest Rs m 42 14 -67.6%
Profit before tax Rs m 2,250 2,704 20.2%
Tax Rs m 402 472 17.4%
Profit after tax Rs m 1,848 2,231 20.8%
Gross profit margin % 24.0 26.2
Effective tax rate % 17.9 17.5
Net profit margin % 21.7 24.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

BAJAJ CONSUMER CARE Balance Sheet Analysis

  • The company's current liabilities during FY21 down at Rs 1 billion as compared to Rs 2 billion in FY20, thereby witnessing an decrease of -15.4%.
  • Current assets rose 13% and stood at Rs 7 billion, while fixed assets fell 2% and stood at Rs 2 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 9 billion as against Rs 8 billion during FY20, thereby witnessing a growth of 10%.

BAJAJ CONSUMER CARE Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 6,503 7,562 16.3
 
Current Liabilities Rs m 1,614 1,366 -15.4
Long-term Debt Rs m 0 0 0.0
Total Liabilities Rs m 8,146 8,936 9.7
 
Current assets Rs m 6,324 7,159 13.2
Fixed Assets Rs m 1,822 1,777 -2.5
Total Assets Rs m 8,146 8,936 9.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



BAJAJ CONSUMER CARE Cash Flow Statement Analysis

  • BAJAJ CONSUMER CARE's cash flow from operating activities (CFO) during FY21 stood at Rs 2 billion, an improvement of 32.4% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs -1 billion on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -1 billion on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs -34 million from the Rs -31 million net cash flows seen during FY20.

BAJAJ CONSUMER CARE 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 1,790 2,371 32.4%
Cash Flow from Investing Activities Rs m -1,726 -1,063 -
Cash Flow from Financing Activities Rs m -91 -1,342 -
Net Cash Flow Rs m -31 -34 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for BAJAJ CONSUMER CARE

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 15.1, an improvement from the EPS of Rs 12.5 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 259.9, stands at 17.2 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 5.1 times, while the price to sales ratio stands at 4.2 times.
  • The company's price to cash flow (P/CF) ratio stood at 13.3 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 57.8 62.5
TTM Earnings per share Rs 12.5 15.1
Diluted earnings per share Rs 12.5 15.1
Price to Cash Flow x 10.3 13.3
TTM P/E ratio x 10.6 17.2
Price / Book Value ratio x 5.3 4.0
Market Cap Rs m 34,744 30,536
Dividends per share (Unadj.) Rs 2.0 10.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for BAJAJ CONSUMER CARE

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 5.2x during FY21, from 3.9x 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 197.6x during FY21, from 54.0x 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 29.5% during FY21, from 28.4% 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 35.9% during FY21, from 35.2% 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 25.1% during FY21, from 23.2% 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 3.9 5.2
Debtors’ Days Days 109 89
Interest coverage x 54.0 197.6
Debt to equity ratio x 0.0 0.0
Return on assets % 23.2 25.1
Return on equity % 28.4 29.5
Return on capital employed % 35.2 35.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how BAJAJ CONSUMER CARE has performed over the last 5 years, please visit here.

BAJAJ CONSUMER CARE Share Price Performance

Over the last one year, BAJAJ CONSUMER CARE share price has moved up from Rs 132.9 to Rs 259.9, registering a gain of Rs 127.1 or around 95.6%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 12,875.4 (up 1.1%). Over the last one year it has moved up from 10,254.9 to 12,875.4, a gain of 2,621 points (up 25.6%).

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

(To know more, check out historical annual results for BAJAJ CONSUMER CARE and quarterly results for BAJAJ CONSUMER CARE)

Annual Report FAQs

What is the current share price of BAJAJ CONSUMER CARE?

BAJAJ CONSUMER CARE currently trades at Rs 215.0 per share. You can check out the latest share price performance of BAJAJ CONSUMER CARE here...

What was the revenue of BAJAJ CONSUMER CARE in FY21? How does it compare to earlier years?

The revenues of BAJAJ CONSUMER CARE stood at Rs 9,587 m in FY21, which was up 8.6% compared to Rs 8,827 m reported in FY20.

BAJAJ CONSUMER CARE's revenue has grown from Rs 8,385 m in FY17 to Rs 9,587 m in FY21.

Over the past 5 years, the revenue of BAJAJ CONSUMER CARE has grown at a CAGR of 3.4%.

What was the net profit of BAJAJ CONSUMER CARE in FY21? How does it compare to earlier years?

The net profit of BAJAJ CONSUMER CARE stood at Rs 2,231 m in FY21, which was up 20.8% compared to Rs 1,848 m reported in FY20.

This compares to a net profit of Rs 2,216 m in FY19 and a net profit of Rs 2,111 m in FY18.

Over the past 5 years, BAJAJ CONSUMER CARE net profit has grown at a CAGR of 0.6%.

What does the cash flow statement of BAJAJ CONSUMER CARE 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 BAJAJ CONSUMER CARE reveals:

  • Cash flow from operations increased in FY21 and stood at Rs 2,371 m as compared to Rs 1,790 m in FY20.
  • Cash flow from investments increased in FY21 and stood at Rs -1,063 m as compared to Rs -1,726 m in FY20.
  • Cash flow from financial activity decreased in FY21 and stood at Rs -1,342 m as compared to Rs -91 m in FY20.

Here's the cash flow statement of BAJAJ CONSUMER CARE for the past 5 years.

(Rs m)FY17FY18FY19FY20FY21
From Operations2,1201,8011,7641,7902,371
From Investments-152368686-1,726-1,063
From Financial Activity-2,000-2,155-2,384-91-1,342
Net Cashflow-331362-31-34

What does the Key Ratio analysis of BAJAJ CONSUMER CARE 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 BAJAJ CONSUMER CARE reveals:

  • Operating profit margins witnessed a fall and down at 26.2% in FY21 as against 24.0% in FY20.
  • Net profit margins grew from 21.7% in FY20 to 24.2% in FY21.
  • Debt to Equity ratio for FY21 stood at 0.0 as compared to 0.0 in FY20.

Here's the ratio/financial analysis of BAJAJ CONSUMER CARE for the past 5 years.

 FY17FY18FY19FY20FY21
Operating Profit Margin (%)30.430.129.024.026.2
Net Profit Margin (%)27.425.624.121.724.2
Debt to Equity Ratio (x)0.00.00.00.00.0

Read: Latest Annual Report Analysis of BAJAJ CONSUMER CARE

 

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