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BALAJI TELEFILMS 2017-18 Annual Report Analysis
Sat, 31 Mar

BALAJI TELEFILMS has announced its results for the year ended March 2018. Let us have a look at the detailed performance review of the company during FY17-18.

BALAJI TELEFILMS Income Statement Analysis

  • Operating income during the year fell 1.3% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 209.1% YoY during the fiscal. Operating profit margins witnessed a growth and stood at 14.7% in FY18 as against 4.7% in FY17.
  • Depreciation charges increased by 41.2% and finance costs decreased by 94.6% YoY, respectively.
  • Other income declined by 6.1% YoY.
  • Net profit for the year grew by 55.8% YoY.
  • Net profit margins during the year declined from 7.1% in FY17 to 11.2% in FY18.

BALAJI TELEFILMS Income Statement 2017-18

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Net Sales Rs m 4,187 4,133 -1.3%
Other income Rs m 203 190 -6.1%
Total Revenues Rs m 4,389 4,323 -1.5%
Gross profit Rs m -197 -608 209.1%
Depreciation Rs m 125 177 41.2%
Interest Rs m 9 1 -94.6%
Profit before tax Rs m -129 -596 362.5%
Tax Rs m 169 -132 -178.5%
Profit after tax Rs m -297 -463 55.8%
Gross profit margin % -4.7 -14.7
Effective tax rate % -130.9 22.2
Net profit margin % -7.1 -11.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

BALAJI TELEFILMS Balance Sheet Analysis

  • The company's current liabilities during FY18 down at Rs 993 million as compared to Rs 1 billion in FY17, thereby witnessing an decrease of -19.8%.
  • Long-term debt stood at Rs 1 million as compared to Rs 1 million during FY17, a growth of 29.7%.
  • Current assets rose 64% and stood at Rs 8 billion, while fixed assets rose 3% and stood at Rs 2 billion in FY18.
  • Overall, the total assets and liabilities for FY18 stood at Rs 9 billion as against Rs 6 billion during FY17, thereby witnessing a growth of 48%.

BALAJI TELEFILMS Balance Sheet as on March 2018

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Networth Rs m 5,072 8,535 68.3
 
Current Liabilities Rs m 1,239 993 -19.8
Long-term Debt Rs m 1 1 29.7
Total Liabilities Rs m 6,261 9,295 48.5
 
Current assets Rs m 4,623 7,604 64.5
Fixed Assets Rs m 1,638 1,691 3.2
Total Assets Rs m 6,261 9,295 48.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



BALAJI TELEFILMS Cash Flow Statement Analysis

  • BALAJI TELEFILMS's cash flow from operating activities (CFO) during FY18 stood at Rs -1 billion, an improvement of 713.4% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY18 stood at Rs -3 billion on a YoY basis.
  • Cash flow from financial activities (CFF) during FY18 stood at Rs 4 billion, an improvement of 0% on a YoY basis.
  • Overall, net cash flows for the company during FY18 stood at Rs 122 million from the Rs -9 million net cash flows seen during FY17.

BALAJI TELEFILMS Cash Flow Statement 2017-18

Particulars No. of months 12 12 % Change
Year Ending Mar-17 Mar-18
Cash Flow from Operating Activities Rs m -128 -1,038 -
Cash Flow from Investing Activities Rs m 118 -2,753 -
Cash Flow from Financing Activities Rs m 0 3,913 0.0%
Net Cash Flow Rs m -9 122 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for BALAJI TELEFILMS

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs -4.6, an decline from the EPS of Rs -3.9 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 130.4, stands at -35.4 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 1.5 times, while the price to sales ratio stands at 3.2 times.
  • The company's price to cash flow (P/CF) ratio stood at -52.7 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-17* 12 Mar-18*
Sales per share (Unadj.) Rs 55.1 40.9
TTM Earnings per share Rs -3.9 -4.6
Diluted earnings per share Rs -2.9 -4.6
Price to Cash Flow x -55.9 -52.7
TTM P/E ratio x -33.4 -35.4
Price / Book Value ratio x 1.5 1.8
Market Cap Rs m 7,462 15,094
Dividends per share (Unadj.) Rs 0.4 0.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for BALAJI TELEFILMS

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 7.7x during FY18, from 3.7x during FY17. 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 -1,190.3x during FY18, from -12.9x during FY17. 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 -5.4% during FY18, from -5.9% during FY18. 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 -7.0% during FY18, from -2.4% during FY17. 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 -5.0% during FY18, from -4.6% during FY17. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-17* 12 Mar-18*
Current ratio x 3.7 7.7
Debtors’ Days Days 851 825
Interest coverage x -12.9 -1,190.3
Debt to equity ratio x 0.0 0.0
Return on assets % -4.6 -5.0
Return on equity % -5.9 -5.4
Return on capital employed % -2.4 -7.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how BALAJI TELEFILMS has performed over the last 5 years, please visit here.

BALAJI TELEFILMS Share Price Performance

Over the last one year, BALAJI TELEFILMS share price has moved up from Rs 95.1 to Rs 130.4, registering a gain of Rs 35.3 or around 37.1%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 6,513.3 (down 0.7%). Over the last one year it has moved up from 5,771.5 to 6,513.3, a gain of 742 points (up 12.9%).

Overall, the S&P BSE SENSEX is up 12.1% over the year.

(To know more, check out historical annual results for BALAJI TELEFILMS and quarterly results for BALAJI TELEFILMS)

Annual Report FAQs

What is the current share price of BALAJI TELEFILMS?

BALAJI TELEFILMS currently trades at Rs 73.9 per share. You can check out the latest share price performance of BALAJI TELEFILMS here...

What was the revenue of BALAJI TELEFILMS in FY18? How does it compare to earlier years?

The revenues of BALAJI TELEFILMS stood at Rs 4,323 m in FY18, which was down -1.5% compared to Rs 4,389 m reported in FY17.

BALAJI TELEFILMS' revenue has grown from Rs 3,060 m in FY16 to Rs 4,323 m in FY18.

Over the past 3 years, the revenue of BALAJI TELEFILMS has grown at a CAGR of 18.9%.

What was the net profit of BALAJI TELEFILMS in FY18? How does it compare to earlier years?

The net loss of BALAJI TELEFILMS stood at Rs -463 m in FY18, which was up 55.8% compared to Rs -297 m reported in FY17.

This compares to a net loss of Rs -36 m in FY16.

Over the past 3 years, BALAJI TELEFILMS net profit has grown at a CAGR of 257.7%.

What does the cash flow statement of BALAJI TELEFILMS 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 BALAJI TELEFILMS reveals:

  • Cash flow from operations decreased in FY18 and stood at Rs -1,038 m as compared to Rs -128 m in FY17.
  • Cash flow from investments decreased in FY18 and stood at Rs -2,753 m as compared to Rs 118 m in FY17.
  • Cash flow from financial activity increased in FY18 and stood at Rs 3,913 m as compared to Rs 0 m in FY17.

Here's the cash flow statement of BALAJI TELEFILMS for the past 3 years.

(Rs m)FY16FY17FY18
From Operations-1,068-128-1,038
From Investments-222118-2,753
From Financial Activity1,34903,913
Net Cashflow59-9122

What does the Key Ratio analysis of BALAJI TELEFILMS 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 BALAJI TELEFILMS reveals:

  • Operating profit margins witnessed a growth and stood at 14.7% in FY18 as against 4.7% in FY17.
  • Net profit margins declined from 7.1% in FY17 to 11.2% in FY18.
  • Debt to Equity ratio for FY18 stood at 0.0 as compared to 0.0 in FY17.

Here's the ratio/financial analysis of BALAJI TELEFILMS for the past 3 years.

 FY16FY17FY18
Operating Profit Margin (%)1.8-4.7-14.7
Net Profit Margin (%)-1.2-7.1-11.2
Debt to Equity Ratio (x)0.00.00.0

Read: Latest Annual Report Analysis of BALAJI TELEFILMS

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