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

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  


BSEL INFRASTRUCTURE 2017-18 Annual Report Analysis
Sat, 31 Mar

BSEL INFRASTRUCTURE 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.

BSEL INFRASTRUCTURE Income Statement Analysis

  • Operating income during the year fell 10.2% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 48.5% YoY during the fiscal. Operating profit margins witnessed a growth and stood at 286.4% in FY18 as against 173.2% in FY17.
  • Depreciation charges decreased by 5.2% increased by 0.0% YoY, respectively.
  • Other income declined by 61.2% YoY.
  • Net profit for the year declined by 81.4% YoY.
  • Net profit margins during the year declined from 605.6% in FY17 to 125.3% in FY18.

BSEL INFRASTRUCTURE Income Statement 2017-18

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Net Sales Rs m 5 4 -10.2%
Other income Rs m 52 20 -61.2%
Total Revenues Rs m 57 24 -56.9%
Gross profit Rs m -8 -12 48.5%
Depreciation Rs m 2 1 -5.2%
Interest Rs m 0 0 0.0%
Profit before tax Rs m 42 6 -85.1%
Tax Rs m 13 1 -93.5%
Profit after tax Rs m 29 5 -81.4%
Gross profit margin % -173.2 -286.4
Effective tax rate % 30.6 13.4
Net profit margin % 605.6 125.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

BSEL INFRASTRUCTURE Balance Sheet Analysis

  • The company's current liabilities during FY18 stood at Rs 4 billion as compared to Rs 4 billion in FY17, thereby witnessing an increase of 0.5%.
  • Current assets rose 0% and stood at Rs 7 billion, while fixed assets rose 10% and stood at Rs 313 million in FY18.
  • Overall, the total assets and liabilities for FY18 stood at Rs 7 billion as against Rs 7 billion during FY17, thereby witnessing a growth of 0%.

BSEL INFRASTRUCTURE Balance Sheet as on March 2018

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Networth Rs m 3,511 3,525 0.4
 
Current Liabilities Rs m 3,694 3,714 0.5
Long-term Debt Rs m 0 0 0.0
Total Liabilities Rs m 7,209 7,242 0.5
 
Current assets Rs m 6,923 6,929 0.1
Fixed Assets Rs m 285 313 9.7
Total Assets Rs m 7,209 7,242 0.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



BSEL INFRASTRUCTURE Cash Flow Statement Analysis

  • BSEL INFRASTRUCTURE's cash flow from operating activities (CFO) during FY18 stood at Rs 51 million on a YoY basis.
  • Cash flow from investing activities (CFI) during FY18 stood at Rs -62 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY18 stood at Rs 0 million, an improvement of 0% on a YoY basis.
  • Overall, net cash flows for the company during FY18 stood at Rs -11 million from the Rs 10 million net cash flows seen during FY17.

BSEL INFRASTRUCTURE 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 185 51 -72.3%
Cash Flow from Investing Activities Rs m -175 -62 -
Cash Flow from Financing Activities Rs m 0 0 0.0%
Net Cash Flow Rs m 10 -11 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for BSEL INFRASTRUCTURE

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 0.1, an decline from the EPS of Rs 0.4 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 3.9, stands at 58.4 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 0.1 times, while the price to sales ratio stands at 74.0 times.
  • The company's price to cash flow (P/CF) ratio stood at 66.1 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 0.1 0.1
TTM Earnings per share Rs 0.4 0.1
Diluted earnings per share Rs 0.4 0.1
Price to Cash Flow x 14.2 66.1
TTM P/E ratio x -48.1 58.4
Price / Book Value ratio x 0.1 0.1
Market Cap Rs m 342 456
Dividends per share (Unadj.) Rs 0.0 0.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for BSEL INFRASTRUCTURE

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 1.9x during FY18, from 1.9x 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 627.0x during FY18, from 4,210.0x 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 declined and down at 0.2% during FY18, from 0.8% 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 0.2% during FY18, from 1.2% 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 0.1% during FY18, from 0.4% 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 1.9 1.9
Debtors’ Days Days 268,793,548,079 299,797,796,104
Interest coverage x 4,210.0 627.0
Debt to equity ratio x 0.0 0.0
Return on assets % 0.4 0.1
Return on equity % 0.8 0.2
Return on capital employed % 1.2 0.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how BSEL INFRASTRUCTURE has performed over the last 5 years, please visit here.

BSEL INFRASTRUCTURE Share Price Performance

Over the last one year, BSEL INFRASTRUCTURE share price has moved down from Rs 5.3 to Rs 3.9, registering a loss of Rs 1.4 or around 26.4%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,229.9 (down 1.1%). Over the last one year it has moved up from 1,600.0 to 2,229.9, a gain of 630 points (up 39.4%).

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

(To know more, check out historical annual results for BSEL INFRASTRUCTURE and quarterly results for BSEL INFRASTRUCTURE)

Annual Report FAQs

What is the current share price of BSEL INFRASTRUCTURE?

BSEL INFRASTRUCTURE currently trades at Rs 9.6 per share. You can check out the latest share price performance of BSEL INFRASTRUCTURE here...

What was the revenue of BSEL INFRASTRUCTURE in FY18? How does it compare to earlier years?

The revenues of BSEL INFRASTRUCTURE stood at Rs 24 m in FY18, which was down -56.9% compared to Rs 57 m reported in FY17.

BSEL INFRASTRUCTURE's revenue has grown from Rs 21 m in FY16 to Rs 24 m in FY18.

Over the past 3 years, the revenue of BSEL INFRASTRUCTURE has grown at a CAGR of 7.0%.

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

The net profit of BSEL INFRASTRUCTURE stood at Rs 5 m in FY18, which was down -81.4% compared to Rs 29 m reported in FY17.

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

Over the past 3 years, BSEL INFRASTRUCTURE net profit has grown at a CAGR of NaN%.

What does the cash flow statement of BSEL INFRASTRUCTURE 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 BSEL INFRASTRUCTURE reveals:

  • Cash flow from operations decreased in FY18 and stood at Rs 51 m as compared to Rs 185 m in FY17.
  • Cash flow from investments increased in FY18 and stood at Rs -62 m as compared to Rs -175 m in FY17.
  • Cash flow from financial activity increased in FY18 and stood at Rs 0 m as compared to Rs 0 m in FY17.

Here's the cash flow statement of BSEL INFRASTRUCTURE for the past 3 years.

(Rs m)FY16FY17FY18
From Operations-21518551
From Investments211-175-62
From Financial Activity000
Net Cashflow-410-11

What does the Key Ratio analysis of BSEL INFRASTRUCTURE 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 BSEL INFRASTRUCTURE reveals:

  • Operating profit margins witnessed a growth and stood at 286.4% in FY18 as against 173.2% in FY17.
  • Net profit margins declined from 605.6% in FY17 to 125.3% 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 BSEL INFRASTRUCTURE for the past 3 years.

 FY16FY17FY18
Operating Profit Margin (%)-719.2-173.2-286.4
Net Profit Margin (%)-565.0605.6125.3
Debt to Equity Ratio (x)0.00.00.0

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