X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
BALAJI TELEFILMS 2017-18 Annual Report Analysis

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

BALAJI TELEFILMS 2017-18 Annual Report Analysis
Mon, 20 Aug

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 151.7% YoY during the fiscal. Operating profit margins witnessed a growth and stood at 12.5% in FY18 as against 4.9% in FY17.
  • Depreciation charges and finance costs increased by 41.2% YoY and 25.0% YoY, respectively.
  • Other income declined by 6.2% YoY.
  • Net profit for the year grew by 55.8% YoY.
  • Net profit margins during the year declined from 6.8% in FY17 to 10.7% 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 -6.2%
Total Revenues Rs m 4,389 4,323 -1.5%
Gross profit Rs m -206 -518 151.7%
Depreciation Rs m 125 177 41.2%
Interest Rs m 0 1 25.0%
Profit before tax Rs m -129 -505 292.2%
Tax Rs m 169 -132 -178.5%
Profit after tax Rs m -297 -463 55.8%
Gross profit margin % -4.9 -12.5
Effective tax rate % -130.9 26.2
Net profit margin % -6.8 -10.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



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 33.3%.
  • Current assets rose 64% and stood at Rs 8 billion, while fixed assets fell 6% and stood at Rs 440 million 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 49%.

BALAJI TELEFILMS Balance Sheet as on March 2018

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Networth Rs m 5,068 8,529 68.3
 
Current Liabilities Rs m 1,239 993 -19.8
Long-term Debt Rs m 1 1 33.3
Total Liabilities Rs m 6,353 9,492 49.4
 
Current assets Rs m 4,623 7,604 64.5
Fixed Assets Rs m 469 440 -6.2
Total Assets Rs m 6,353 9,492 49.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, 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 713.2% 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 -10 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 -10 122 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, 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 107.5, stands at -15.1 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 1.8 times, while the price to sales ratio stands at 3.7 times.
  • The company's price to cash flow (P/CF) ratio stood at -38.0 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 -47.4 -38.0
TTM P/E ratio x -11.3 -15.1
Price / Book Value ratio x 1.5 1.8
Market Cap Rs m 8,159 10,866
Dividends per share (Unadj.) Rs 0.4 0.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, 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 -1,009.2x during FY18, from -321.0x 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 -2.5% 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 -4.9% during FY18, from -4.7% 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 85 83
Interest coverage x -321.0 -1,009.2
Debt to equity ratio x 0.0 0.0
Return on assets % -4.7 -4.9
Return on equity % -5.9 -5.4
Return on capital employed % -2.5 -7.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, 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 157.7 to Rs 107.5, registering a loss of Rs 50.3 or around 31.9%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,529.9 (down 1.0%). Over the last one year it has moved up from 5,719.7 to 7,529.9, a gain of 1,810 points (up 31.6%).

Overall, the S&P BSE SENSEX is up 20.4% over the year.

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

Equitymaster requests your view! Post a comment on "BALAJI TELEFILMS 2017-18 Annual Report Analysis". Click here!

  

Related Views on News

BALAJI TELEFILMS Announces Quarterly Results (3QFY19); Net Profit Down 10.0% (Quarterly Result Update)

Feb 13, 2019 | Updated on Feb 13, 2019

For the quarter ended December 2018, BALAJI TELEFILMS has posted a net profit of Rs 273 m (down 10.0% YoY). Sales on the other hand came in at Rs 963 m (up 47.9% YoY). Read on for a complete analysis of BALAJI TELEFILMS's quarterly results.

BALAJI TELEFILMS 2017-18 Annual Report Analysis (Annual Result Update)

Jan 1, 2019 | Updated on Jan 1, 2019

Here's an analysis of the annual report of BALAJI TELEFILMS for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of BALAJI TELEFILMS. Also includes updates on the valuation of BALAJI TELEFILMS.

BALAJI TELEFILMS Announces Quarterly Results (2QFY19); Net Profit Down 211.5% (Quarterly Result Update)

Nov 27, 2018 | Updated on Nov 27, 2018

For the quarter ended September 2018, BALAJI TELEFILMS has posted a net profit of Rs 154 m (down 211.5% YoY). Sales on the other hand came in at Rs 1 bn (up 8.5% YoY). Read on for a complete analysis of BALAJI TELEFILMS's quarterly results.

GTPL Hathway Ltd. (IPO)

Jun 21, 2017

Should one subscribe to the IPO of GTPL Hathway Ltd?

S Chand and Company Ltd. (IPO)

Apr 26, 2017

Should you subscribe to the IPO of S Chand and Company Limited?

More Views on News

Most Popular

This is Why the Stock of Jubilant FoodWorks Went Up 1,160%(The 5 Minute Wrapup)

Apr 12, 2019

This critical business strategy has enabled companies to scale their operations faster.

Pocketing Massive Gains with HDFC And HDFC Bank(Profit Hunter)

Apr 12, 2019

Here's how one could have generated gains of Rs 59,250 in 10 days by trading HDFC and HDFC Bank with a capital of Rs 4 lakh.

My Master Series on How to Trade Election 2019(Profit Hunter)

Apr 16, 2019

For 30 years he has watched how elections impact the markets, and practiced how to profit from it. Now he is here...telling you everything. Read on...

Election Series: Follow the World's Biggest Traders To See Where the Money Flows(The 5 Minute Wrapup)

Apr 17, 2019

20% of all the traders bring in 80% of the money. Watch these 20% and you get a working idea of which way the wind is blowing.

A Letter to You from India's No. 1 Trader(The 5 Minute Wrapup)

Apr 15, 2019

It's our great pleasure to introduce Vijay Bhambwani to our readers - we consider Vijay to be India's best trader. Read on to find out why...

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

TRACK BALAJI TELEFILMS

  • Track your investment in BALAJI TELEFILMS with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON BALAJI TELEFILMS

BALAJI TELEFILMS - SAREGAMA COMPARISON

COMPARE BALAJI TELEFILMS WITH

MARKET STATS