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BALAJI TELEFILMS 2020-21 Annual Report Analysis
Wed, 31 Mar

BALAJI TELEFILMS 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.

BALAJI TELEFILMS Income Statement Analysis

  • Operating income during the year fell 48.8% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 971.6% YoY during the fiscal. Operating profit margins witnessed a growth and stood at 31.9% in FY21 as against 1.9% in FY20.
  • Depreciation charges decreased by 26.4% and finance costs decreased by 37.1% YoY, respectively.
  • Other income grew by 56.1% YoY.
  • Net profit for the year grew by 101.7% YoY.
  • Net profit margins during the year declined from 10.3% in FY20 to 40.5% in FY21.

BALAJI TELEFILMS Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 5,736 2,937 -48.8%
Other income Rs m 86 134 56.1%
Total Revenues Rs m 5,822 3,071 -47.2%
Gross profit Rs m 107 -936 -971.6%
Depreciation Rs m 388 286 -26.4%
Interest Rs m 27 17 -37.1%
Profit before tax Rs m -222 -1,104 397.9%
Tax Rs m 368 85 -76.8%
Profit after tax Rs m -590 -1,189 101.7%
Gross profit margin % 1.9 -31.9
Effective tax rate % -166.0 -7.7
Net profit margin % -10.3 -40.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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BALAJI TELEFILMS Balance Sheet Analysis

  • The company's current liabilities during FY21 down at Rs 2 billion as compared to Rs 2 billion in FY20, thereby witnessing an decrease of -10.8%.
  • Current assets fell 27% and stood at Rs 6 billion, while fixed assets rose 70% and stood at Rs 2 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 8 billion as against Rs 9 billion during FY20, thereby witnessing a fall of 13%.

BALAJI TELEFILMS Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 6,808 5,662 -16.8
 
Current Liabilities Rs m 2,158 1,924 -10.8
Long-term Debt Rs m 0 0 0.0
Total Liabilities Rs m 9,171 8,021 -12.5
 
Current assets Rs m 7,825 5,737 -26.7
Fixed Assets Rs m 1,345 2,284 69.8
Total Assets Rs m 9,171 8,021 -12.5
* 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 FY21 stood at Rs -122 million on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs 862 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -163 million, an improvement of 51% on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs 576 million from the Rs 14 million net cash flows seen during FY20.

BALAJI TELEFILMS 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 -1,339 -122 -
Cash Flow from Investing Activities Rs m 1,685 862 -48.8%
Cash Flow from Financing Activities Rs m -331 -163 -
Net Cash Flow Rs m 14 576 3,937.0%
* 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 -11.8, an decline from the EPS of Rs -5.8 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 57.3, stands at -4.9 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 1.0 times, while the price to sales ratio stands at 2.0 times.
  • The company's price to cash flow (P/CF) ratio stood at -7.7 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 56.7 29.0
TTM Earnings per share Rs -5.8 -11.8
Diluted earnings per share Rs -5.8 -11.8
Price to Cash Flow x -19.1 -7.7
TTM P/E ratio x -6.5 -4.9
Price / Book Value ratio x 0.9 1.2
Market Cap Rs m 5,812 6,955
Dividends per share (Unadj.) Rs 0.4 0.2
* 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 deteriorated and stood at 3.0x during FY21, from 3.6x 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 deteriorated and stood at -64.9x during FY21, from -7.3x 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 -21.0% during FY21, from -8.7% 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 -19.2% during FY21, from -2.9% 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 declined and down at -14.6% during FY21, from -6.1% 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 3.6 3.0
Debtors’ Days Days 1,124 1,453
Interest coverage x -7.3 -64.9
Debt to equity ratio x 0.0 0.0
Return on assets % -6.1 -14.6
Return on equity % -8.7 -21.0
Return on capital employed % -2.9 -19.2
* 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 38.0 to Rs 57.3, registering a gain of Rs 19.3 or around 50.7%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 11,919.9 (down 0.9%). Over the last one year it has moved up from 6,403.4 to 11,919.9, a gain of 5,517 points (up 86.1%).

Overall, the S&P BSE SENSEX is up 74.1% 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 49.9 per share. You can check out the latest share price performance of BALAJI TELEFILMS here...

What was the revenue of BALAJI TELEFILMS in FY21? How does it compare to earlier years?

The revenues of BALAJI TELEFILMS stood at Rs 3,071 m in FY21, which was down -47.2% compared to Rs 5,822 m reported in FY20.

BALAJI TELEFILMS' revenue has fallen from Rs 4,389 m in FY17 to Rs 3,071 m in FY21.

Over the past 5 years, the revenue of BALAJI TELEFILMS has grown at a CAGR of -8.5%.

What was the net profit of BALAJI TELEFILMS in FY21? How does it compare to earlier years?

The net loss of BALAJI TELEFILMS stood at Rs -1,189 m in FY21, which was up 101.7% compared to Rs -590 m reported in FY20.

This compares to a net loss of Rs -978 m in FY19 and a net loss of Rs -463 m in FY18.

Over the past 5 years, BALAJI TELEFILMS net profit has grown at a CAGR of 41.4%.

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 increased in FY21 and stood at Rs -122 m as compared to Rs -1,339 m in FY20.
  • Cash flow from investments decreased in FY21 and stood at Rs 862 m as compared to Rs 1,685 m in FY20.
  • Cash flow from financial activity increased in FY21 and stood at Rs -163 m as compared to Rs -331 m in FY20.

Here's the cash flow statement of BALAJI TELEFILMS for the past 5 years.

(Rs m)FY17FY18FY19FY20FY21
From Operations-128-1,038-1,784-1,339-122
From Investments118-2,7531,8311,685862
From Financial Activity03,913-50-331-163
Net Cashflow-9122-314576

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 31.9% in FY21 as against 1.9% in FY20.
  • Net profit margins declined from 10.3% in FY20 to 40.5% 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 BALAJI TELEFILMS for the past 5 years.

 FY17FY18FY19FY20FY21
Operating Profit Margin (%)-4.7-14.7-24.61.9-31.9
Net Profit Margin (%)-7.1-11.2-22.9-10.3-40.5
Debt to Equity Ratio (x)0.00.00.00.00.0

Read: Latest Annual Report Analysis of BALAJI TELEFILMS

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