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.
BOMBAY RAYON F 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?  

BOMBAY RAYON F 2017-18 Annual Report Analysis
Tue, 22 Jan

BOMBAY RAYON F 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.

BOMBAY RAYON F Income Statement Analysis

  • Operating income during the year fell 20.4% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 66.5% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 6.4% in FY18 as against 15.2% in FY17.
  • Depreciation charges decreased by 4.0% and finance costs decreased by 37.1% YoY, respectively.
  • Other income declined by 1.5% YoY.
  • Net profit for the year grew by 76.0% YoY.
  • Net profit margins during the year declined from 4.1% in FY17 to 9.2% in FY18.

BOMBAY RAYON F Income Statement 2017-18

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Net Sales Rs m 38,949 30,993 -20.4%
Other income Rs m 222 219 -1.5%
Total Revenues Rs m 39,171 31,211 -20.3%
Gross profit Rs m 5,921 1,986 -66.5%
Depreciation Rs m 1,666 1,599 -4.0%
Interest Rs m 6,726 4,230 -37.1%
Profit before tax Rs m -2,248 -3,624 61.2%
Tax Rs m -625 -768 22.8%
Profit after tax Rs m -1,623 -2,856 76.0%
Gross profit margin % 15.2 6.4
Effective tax rate % 27.8 21.2
Net profit margin % -4.1 -9.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



BOMBAY RAYON F Balance Sheet Analysis

  • The company's current liabilities during FY18 down at Rs 37 billion as compared to Rs 48 billion in FY17, thereby witnessing an decrease of -23.7%.
  • Long-term debt down at Rs 12 billion as compared to Rs 17 billion during FY17, a fall of 25.9%.
  • Current assets rose 3% and stood at Rs 58 billion, while fixed assets fell 4% and stood at Rs 33 billion in FY18.
  • Overall, the total assets and liabilities for FY18 stood at Rs 93 billion as against Rs 94 billion during FY17, thereby witnessing a fall of 0%.

BOMBAY RAYON F Balance Sheet as on March 2018

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Networth Rs m 27,171 43,493 60.1
 
Current Liabilities Rs m 48,146 36,751 -23.7
Long-term Debt Rs m 16,653 12,333 -25.9
Total Liabilities Rs m 93,523 93,390 -0.1
 
Current assets Rs m 56,205 58,126 3.4
Fixed Assets Rs m 34,637 33,172 -4.2
Total Assets Rs m 93,523 93,390 -0.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



BOMBAY RAYON F Cash Flow Statement Analysis

  • BOMBAY RAYON F's cash flow from operating activities (CFO) during FY18 stood at Rs -992 million on a YoY basis.
  • Cash flow from investing activities (CFI) during FY18 stood at Rs -29 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY18 stood at Rs -17 billion on a YoY basis.
  • Overall, net cash flows for the company during FY18 stood at Rs 0 million from the Rs -283 million net cash flows seen during FY17.

BOMBAY RAYON F 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 -2,782 -992 -
Cash Flow from Investing Activities Rs m -61 -29 -
Cash Flow from Financing Activities Rs m 2,560 -17,328 -
Net Cash Flow Rs m -283 0 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for BOMBAY RAYON F

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs -9.0, an decline from the EPS of Rs -8.7 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 8.7, stands at -0.1 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 1.4 times.
  • The company's price to cash flow (P/CF) ratio stood at -0.9 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 209.4 97.6
TTM Earnings per share Rs -8.7 -9.0
Diluted earnings per share Rs -12.1 -21.2
Price to Cash Flow x 38.0 -0.9
TTM P/E ratio x -0.2 -0.1
Price / Book Value ratio x 1.1 1.0
Market Cap Rs m 1,624 1,175
Dividends per share (Unadj.) Rs 0.0 0.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for BOMBAY RAYON F

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.6x during FY18, from 1.2x 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 0.1x during FY18, from 0.7x 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 declined and down at -6.6% during FY18, from -6.0% 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 1.1% during FY18, from 10.2% 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 1.5% during FY18, from 5.5% 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 1.2 1.6
Debtors’ Days Days 133 191
Interest coverage x 0.7 0.1
Debt to equity ratio x 0.6 0.3
Return on assets % 5.5 1.5
Return on equity % -6.0 -6.6
Return on capital employed % 10.2 1.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



To see how BOMBAY RAYON F has performed over the last 5 years, please visit here.

BOMBAY RAYON F Share Price Performance

Over the last one year, BOMBAY RAYON F share price has moved up from Rs 85.0 to Rs 8.7, registering a loss of Rs 76.3 or around 89.7%.

Overall, the S&P BSE SENSEX is up 1.6% over the year.

(To know more, check out historical annual results for BOMBAY RAYON F and quarterly results for BOMBAY RAYON F)

Equitymaster requests your view! Post a comment on "BOMBAY RAYON F 2017-18 Annual Report Analysis". Click here!

  

Related Views on News

BOMBAY RAYON F Announces Quarterly Results (3QFY19); Net Profit Down 1830.6% (Quarterly Result Update)

Feb 25, 2019 | Updated on Feb 25, 2019

For the quarter ended December 2018, BOMBAY RAYON F has posted a net profit of Rs 5 bn (down 1830.6% YoY). Sales on the other hand came in at Rs 2 bn (down 74.2% YoY). Read on for a complete analysis of BOMBAY RAYON F's quarterly results.

BOMBAY RAYON F Announces Quarterly Results (2QFY19); Net Profit Down 1872.5% (Quarterly Result Update)

Nov 23, 2018 | Updated on Nov 23, 2018

For the quarter ended September 2018, BOMBAY RAYON F has posted a net profit of Rs 3 bn (down 1872.5% YoY). Sales on the other hand came in at Rs 2 bn (down 66.0% YoY). Read on for a complete analysis of BOMBAY RAYON F's quarterly results.

More Views on News

Most Popular

Are You Ready for the Big Nifty Move in the March Expiry?(Profit Hunter)

Mar 8, 2019

History suggests the Nifty could make a big move in March. Are you prepared to benefit from this opportunity?

5 Fundamentally Strong Stocks to Pick for Trading Today(Profit Hunter)

Mar 15, 2019

5 fundamentally strong stocks one could buy to trade in this market right now. Make sure you grab the chance this strongly rallying market offers.

Elections Don't Matter!(The Honest Truth)

Mar 13, 2019

Ajit Dayal shows us why from the point of view of the Indian economy, elections don't matter.

Two Growth Stocks that Doubled in a Little Over 12 Months!(The 5 Minute Wrapup)

Mar 13, 2019

The elements that fueled profit growth for these two companies led to a surge in their stock prices.

This is Why You Need to Buy Small Cap Stocks Now(The 5 Minute Wrapup)

Mar 15, 2019

Did you just miss the smallcap rally? Or is there still time to catch up? Read on for answers and more...

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 BOMBAY RAYON F

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

MORE ON BOMBAY RAYON F

BOMBAY RAYON F - GOKALDAS EXPORTS COMPARISON

COMPARE BOMBAY RAYON F WITH

MARKET STATS