BOM.OXYGEN 2022-23 Annual Report Analysis

Wed, 14 Jun

BOM.OXYGEN has announced its results for the year ended March 2023. Let us have a look at the detailed performance review of the company during FY22-23.

BOM.OXYGEN Income Statement Analysis

• Operating income during the year fell 92.1% on a year-on-year (YoY) basis.
• The company's operating profit decreased by 97.0% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 36.1% in FY23 as against 94.3% in FY22.
• Depreciation charges decreased by 1.1% increased by 0.0% YoY, respectively.
• Other income grew by 1349.7% YoY.
• Net profit for the year declined by 82.5% YoY.
• Net profit margins during the year grew from 84.2% in FY22 to 188.1% in FY23.

BOM.OXYGEN Income Statement 2022-23

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*	% Change
Net Sales	Rs m	333	26	-92.1%
Other income	Rs m	3	43	1,349.7%
Total Revenues	Rs m	336	69	-79.5%
Gross profit	Rs m	315	9	-97.0%
Depreciation	Rs m	2	2	-1.1%
Interest	Rs m	0	0	0.0%
Profit before tax	Rs m	316	50	-84.1%
Tax	Rs m	35	1	-97.3%
Profit after tax	Rs m	281	49	-82.5%
Gross profit margin	%	94.3	36.1
Effective tax rate	%	11.1	1.9
Net profit margin	%	84.2	188.1

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BOM.OXYGEN Balance Sheet Analysis

• The company's current liabilities during FY23 down at Rs 4 million as compared to Rs 5 million in FY22, thereby witnessing an decrease of -19.0%.
• Current assets rose 3% and stood at Rs 13 million, while fixed assets rose 2% and stood at Rs 3 billion in FY23.
• Overall, the total assets and liabilities for FY23 stood at Rs 3 billion as against Rs 3 billion during FY22, thereby witnessing a growth of 2%.

BOM.OXYGEN Balance Sheet as on March 2023

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*	% Change
Networth	Rs m	3,258	3,327	2.1
Current Liabilities	Rs m	5	4	-19.0
Long-term Debt	Rs m	0	0	0.0
Total Liabilities	Rs m	3,378	3,462	2.5
Current assets	Rs m	12	13	3.0
Fixed Assets	Rs m	3,366	3,449	2.5
Total Assets	Rs m	3,378	3,462	2.5

BOM.OXYGEN Cash Flow Statement Analysis

• BOM.OXYGEN's cash flow from operating activities (CFO) during FY23 stood at Rs -54 million, an improvement of 101.6% on a YoY basis.
• Cash flow from investing activities (CFI) during FY23 stood at Rs 54 million, an improvement of 69.7% on a YoY basis.
• Cash flow from financial activities (CFF) during FY23 stood at Rs -3 million, an improvement of 0% on a YoY basis.
• Overall, net cash flows for the company during FY23 stood at Rs -3 million from the Rs 2 million net cash flows seen during FY22.

BOM.OXYGEN Cash Flow Statement 2022-23

Particulars	No. of months	12	12	% Change
	Year Ending	Mar-22	Mar-23
Cash Flow from Operating Activities	Rs m	-27	-54	-
Cash Flow from Investing Activities	Rs m	32	54	69.7%
Cash Flow from Financing Activities	Rs m	-3	-3	-
Net Cash Flow	Rs m	2	-3	-

Current Valuations for BOM.OXYGEN

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 328.3, an decline from the EPS of Rs 1,871.2 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 10,900.0, stands at 33.2 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 0.5 times, while the price to sales ratio stands at 62.5 times.
• The company's price to cash flow (P/CF) ratio stood at 39.5 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*
Sales per share (Unadj.)	Rs	2,223.1	174.5
TTM Earnings per share	Rs	1,871.2	328.3
Diluted earnings per share	Rs	1,871.2	328.3
Price to Cash Flow	x	6.9	39.5
TTM P/E ratio	x	6.9	33.2
Price / Book Value ratio	x	0.8	0.6
Market Cap	Rs m	2,708	2,018
Dividends per share (Unadj.)	Rs	20.0	15.0

Ratio Analysis for BOM.OXYGEN

• Solvency Ratios

Current Ratio: The company's current ratio improved and stood at 3.0x during FY23, from 2.3x during FY22. The current ratio measures the company's ability to pay short-term and long-term obligations.

• Profitability Ratios

Return on Equity (ROE): The ROE for the company declined and down at 1.5% during FY23, from 8.6% during FY23. 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 1.5% during FY23, from 9.7% during FY22. 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 1.4% during FY23, from 8.3% during FY22. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*
Current ratio	x	2.3	3.0
Debtors’ Days	Days	52	662
Interest coverage	x	0.0	0.0
Debt to equity ratio	x	0.0	0.0
Return on assets	%	8.3	1.4
Return on equity	%	8.6	1.5
Return on capital employed	%	9.7	1.5

To see how BOM.OXYGEN has performed over the last 5 years, please visit here.

BOM.OXYGEN Share Price Performance

Over the last one year, BOM.OXYGEN share price has moved down from Rs 12,610.7 to Rs 10,900.0, registering a loss of Rs 1,710.7 or around 13.6%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 18,275.4 (up 0.5%). Over the last one year it has moved up from 18,233.6 to 18,275.4, a gain of 42 points (up 0.2%).

Overall, the S&P BSE SENSEX is up 19.3% over the year.

(To know more, check out historical annual results for BOM.OXYGEN and quarterly results for BOM.OXYGEN)