RELIANCE INFRA 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.
No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | % Change | |
---|---|---|---|---|
Net Sales | Rs m | 265,745 | 185,075 | -30.4% |
Other income | Rs m | 22,339 | 29,849 | 33.6% |
Total Revenues | Rs m | 288,084 | 214,924 | -25.4% |
Gross profit | Rs m | 59,466 | 44,795 | -24.7% |
Depreciation | Rs m | 16,882 | 12,543 | -25.7% |
Interest | Rs m | 55,810 | 52,039 | -6.8% |
Profit before tax | Rs m | 9,113 | 10,062 | 10.4% |
Tax | Rs m | -1,741 | -1,515 | -13.0% |
Profit after tax | Rs m | 10,854 | 11,577 | 6.7% |
Gross profit margin | % | 22.4 | 24.2 | |
Effective tax rate | % | -19.1 | -15.1 | |
Net profit margin | % | 4.1 | 6.3 |
Revealing on April 30: Are You Ready for the Upcoming Election Surprise?
No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | % Change | |
---|---|---|---|---|
Networth | Rs m | 233,475 | 236,801 | 1.4 |
Current Liabilities | Rs m | 403,060 | 437,012 | 8.4 |
Long-term Debt | Rs m | 149,646 | 167,931 | 12.2 |
Total Liabilities | Rs m | 982,822 | 998,320 | 1.6 |
Current assets | Rs m | 226,899 | 257,399 | 13.4 |
Fixed Assets | Rs m | 576,227 | 558,724 | -3.0 |
Total Assets | Rs m | 982,822 | 998,320 | 1.6 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Mar-17 | Mar-18 | ||
Cash Flow from Operating Activities | Rs m | 86,782 | 81,532 | -6.0% |
Cash Flow from Investing Activities | Rs m | -596 | -7,865 | - |
Cash Flow from Financing Activities | Rs m | -84,516 | -74,283 | - |
Net Cash Flow | Rs m | 1,520 | -802 | - |
No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 1,010.5 | 703.7 |
TTM Earnings per share | Rs | 41.3 | 44.0 |
Diluted earnings per share | Rs | 41.3 | 44.0 |
Price to Cash Flow | x | 5.4 | 5.6 |
TTM P/E ratio | x | 10.7 | 7.2 |
Price / Book Value ratio | x | 0.6 | 0.6 |
Market Cap | Rs m | 139,621 | 134,204 |
Dividends per share (Unadj.) | Rs | 9.0 | 9.5 |
Current Ratio: The company's current ratio improved and stood at 0.6x during FY18, from 0.6x 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 improved and stood at 1.2x during FY18, from 1.2x 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.
Return on Equity (ROE): The ROE for the company improved and stood at 4.9% during FY18, from 4.6% 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 15.3% during FY18, from 16.9% 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 6.4% during FY18, from 6.8% during FY17. The ROA measures how efficiently the company uses its assets to generate earnings.
No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | |
---|---|---|---|
Current ratio | x | 0.6 | 0.6 |
Debtors’ Days | Days | 8 | 11 |
Interest coverage | x | 1.2 | 1.2 |
Debt to equity ratio | x | 0.6 | 0.7 |
Return on assets | % | 6.8 | 6.4 |
Return on equity | % | 4.6 | 4.9 |
Return on capital employed | % | 16.9 | 15.3 |
To see how RELIANCE INFRA has performed over the last 5 years, please visit here.
Over the last one year, RELIANCE INFRA share price has moved down from Rs 568.5 to Rs 426.8, registering a loss of Rs 141.7 or around 24.9%.
Meanwhile, the S&P BSE POWER Index is trading at Rs 2,125.8 (down 1.1%). Over the last one year it has moved down from 2,274.4 to 2,125.8, a loss of 149 points (down 6.5%).
Overall, the S&P BSE SENSEX is up 12.1% over the year.
(To know more, check out historical annual results for RELIANCE INFRA and quarterly results for RELIANCE INFRA)
RELIANCE INFRA currently trades at Rs 192.7 per share. You can check out the latest share price performance of RELIANCE INFRA here...
The revenues of RELIANCE INFRA stood at Rs 214,924 m in FY18, which was down -25.4% compared to Rs 288,084 m reported in FY17.
RELIANCE INFRA's revenue has fallen from Rs 310,675 m in FY16 to Rs 214,924 m in FY18.
Over the past 3 years, the revenue of RELIANCE INFRA has grown at a CAGR of -16.8%.
The net profit of RELIANCE INFRA stood at Rs 11,577 m in FY18, which was up 6.7% compared to Rs 10,854 m reported in FY17.
This compares to a net profit of Rs 2,860 m in FY16.
Over the past 3 years, RELIANCE INFRA net profit has grown at a CAGR of 101.2%.
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 RELIANCE INFRA reveals:
Here's the cash flow statement of RELIANCE INFRA for the past 3 years.
(Rs m) | FY16 | FY17 | FY18 |
---|---|---|---|
From Operations | 102,957 | 86,782 | 81,532 |
From Investments | -56,939 | -596 | -7,865 |
From Financial Activity | -47,040 | -84,516 | -74,283 |
Net Cashflow | -984 | 1,520 | -802 |
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 RELIANCE INFRA reveals:
Here's the ratio/financial analysis of RELIANCE INFRA for the past 3 years.
FY16 | FY17 | FY18 | |
---|---|---|---|
Operating Profit Margin (%) | 18.1 | 22.4 | 24.2 |
Net Profit Margin (%) | 1.0 | 4.1 | 6.3 |
Debt to Equity Ratio (x) | 0.9 | 0.6 | 0.7 |
Read: Latest Annual Report Analysis of RELIANCE INFRA
Equitymaster requests your view! Post a comment on "RELIANCE INFRA 2017-18 Annual Report Analysis". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!