CARE RATING has announced its results for the year ended March 2019. Let us have a look at the detailed performance review of the company during FY18-19.
No. of Mths Year Ending | 12 Mar-18* | 12 Mar-19* | % Change | |
---|---|---|---|---|
Net Sales | Rs m | 3,327 | 3,190 | -4.1% |
Other income | Rs m | 255 | 304 | 19.3% |
Total Revenues | Rs m | 3,582 | 3,494 | -2.5% |
Gross profit | Rs m | 2,108 | 1,747 | -17.1% |
Depreciation | Rs m | 31 | 33 | 5.7% |
Interest | Rs m | 0 | 0 | 0.0% |
Profit before tax | Rs m | 2,331 | 2,017 | -13.5% |
Tax | Rs m | 707 | 637 | -10.0% |
Profit after tax | Rs m | 1,623 | 1,381 | -15.0% |
Gross profit margin | % | 63.4 | 54.8 | |
Effective tax rate | % | 30.4 | 31.6 | |
Net profit margin | % | 48.8 | 43.3 |
No. of Mths Year Ending | 12 Mar-18* | 12 Mar-19* | % Change | |
---|---|---|---|---|
Networth | Rs m | 5,882 | 5,286 | -10.1 |
Current Liabilities | Rs m | 5,505 | 6,113 | 11.0 |
Long-term Debt | Rs m | 0 | 0 | 0.0 |
Total Liabilities | Rs m | 11,586 | 11,768 | 1.6 |
Current assets | Rs m | 8,418 | 8,417 | 0.0 |
Fixed Assets | Rs m | 3,168 | 3,351 | 5.8 |
Total Assets | Rs m | 11,586 | 11,768 | 1.6 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Mar-18 | Mar-19 | ||
Cash Flow from Operating Activities | Rs m | 1,338 | 1,086 | -18.8% |
Cash Flow from Investing Activities | Rs m | -246 | 826 | - |
Cash Flow from Financing Activities | Rs m | -987 | -1,954 | - |
Net Cash Flow | Rs m | 105 | -42 | - |
No. of Mths Year Ending | 12 Mar-18* | 12 Mar-19* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 112.9 | 108.3 |
TTM Earnings per share | Rs | 55.1 | 46.9 |
Diluted earnings per share | Rs | 54.8 | 46.6 |
Price to Cash Flow | x | 21.7 | 24.2 |
TTM P/E ratio | x | 22.3 | 21.0 |
Price / Book Value ratio | x | 7.5 | 6.5 |
Market Cap | Rs m | 44,225 | 34,204 |
Dividends per share (Unadj.) | Rs | 55.0 | 30.0 |
Current Ratio: The company's current ratio deteriorated and stood at 1.4x during FY19, from 1.5x during FY18. The current ratio measures the company's ability to pay short-term and long-term obligations.
Return on Equity (ROE): The ROE for the company declined and down at 26.1% during FY19, from 27.6% during FY19. 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 38.2% during FY19, from 39.6% during FY18. 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 11.7% during FY19, from 14.0% during FY18. The ROA measures how efficiently the company uses its assets to generate earnings.
No. of Mths Year Ending | 12 Mar-18* | 12 Mar-19* | |
---|---|---|---|
Current ratio | x | 1.5 | 1.4 |
Debtors’ Days | Days | 43,051,825 | 541 |
Interest coverage | x | 0.0 | 0.0 |
Debt to equity ratio | x | 0.0 | 0.0 |
Return on assets | % | 14.0 | 11.7 |
Return on equity | % | 27.6 | 26.1 |
Return on capital employed | % | 39.6 | 38.2 |
To see how CARE RATING has performed over the last 5 years, please visit here.
Over the last one year, CARE RATING share price has moved down from Rs 1,210.7 to Rs 988.4, registering a loss of Rs 222.3 or around 18.4%.
Overall, the S&P BSE SENSEX is up 16.3% over the year.
(To know more, check out historical annual results for CARE RATING and quarterly results for CARE RATING)
CARE RATING currently trades at Rs 1,129.3 per share. You can check out the latest share price performance of CARE RATING here...
The revenues of CARE RATING stood at Rs 3,494 m in FY19, which was down -2.5% compared to Rs 3,582 m reported in FY18.
CARE RATING's revenue has grown from Rs 2,881 m in FY16 to Rs 3,494 m in FY19.
Over the past 4 years, the revenue of CARE RATING has grown at a CAGR of 6.6%.
The net profit of CARE RATING stood at Rs 1,381 m in FY19, which was down -15.0% compared to Rs 1,623 m reported in FY18.
This compares to a net profit of Rs 1,476 m in FY17 and a net profit of Rs 1,196 m in FY16.
Over the past 4 years, CARE RATING net profit has grown at a CAGR of 4.9%.
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 CARE RATING reveals:
Here's the cash flow statement of CARE RATING for the past 4 years.
(Rs m) | FY16 | FY17 | FY18 | FY19 |
---|---|---|---|---|
From Operations | 1,064 | 1,190 | 1,338 | 1,086 |
From Investments | -409 | -220 | -246 | 826 |
From Financial Activity | -662 | -958 | -987 | -1,954 |
Net Cashflow | -7 | 12 | 105 | -42 |
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 CARE RATING reveals:
Here's the ratio/financial analysis of CARE RATING for the past 4 years.
FY16 | FY17 | FY18 | FY19 | |
---|---|---|---|---|
Operating Profit Margin (%) | 62.2 | 63.4 | 63.4 | 54.8 |
Net Profit Margin (%) | 42.8 | 51.4 | 48.8 | 43.3 |
Debt to Equity Ratio (x) | 0.0 | 0.0 | 0.0 | 0.0 |
Read: Latest Annual Report Analysis of CARE RATING
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