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?  


CONTAINER CORPORATION 2020-21 Annual Report Analysis
Wed, 31 Mar

CONTAINER CORPORATION has announced its results for the year ended March 2021. Let us have a look at the detailed performance review of the company during FY20-21.

CONTAINER CORPORATION Income Statement Analysis

  • Operating income during the year fell 1.7% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 15.0% YoY during the fiscal. Operating profit margins witnessed a fall and down at 15.1% in FY21 as against 12.9% in FY20.
  • Depreciation charges increased by 1.6% and finance costs decreased by 6.5% YoY, respectively.
  • Other income grew by 6.7% YoY.
  • Net profit for the year grew by 27.9% YoY.
  • Net profit margins during the year grew from 5.6% in FY20 to 7.3% in FY21.

CONTAINER CORPORATION Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 65,394 64,271 -1.7%
Other income Rs m 2,534 2,704 6.7%
Total Revenues Rs m 67,929 66,975 -1.4%
Gross profit Rs m 8,424 9,687 15.0%
Depreciation Rs m 5,444 5,534 1.6%
Interest Rs m 464 434 -6.5%
Profit before tax Rs m 5,050 6,423 27.2%
Tax Rs m 1,381 1,730 25.3%
Profit after tax Rs m 3,669 4,693 27.9%
Gross profit margin % 12.9 15.1
Effective tax rate % 27.3 26.9
Net profit margin % 5.6 7.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Read Now: We're Bullish on 2 Non-Nifty Stocks

CONTAINER CORPORATION Balance Sheet Analysis

  • The company's current liabilities during FY21 stood at Rs 13 billion as compared to Rs 12 billion in FY20, thereby witnessing an increase of 13.0%.
  • Long-term debt down at Rs 618 million as compared to Rs 636 million during FY20, a fall of 2.9%.
  • Current assets rose 10% and stood at Rs 32 billion, while fixed assets rose 3% and stood at Rs 91 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 123 billion as against Rs 118 billion during FY20, thereby witnessing a growth of 5%.

CONTAINER CORPORATION Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 100,461 101,871 1.4
 
Current Liabilities Rs m 11,770 13,295 13.0
Long-term Debt Rs m 636 618 -2.9
Total Liabilities Rs m 117,620 123,407 4.9
 
Current assets Rs m 29,279 32,169 9.9
Fixed Assets Rs m 88,340 91,237 3.3
Total Assets Rs m 117,620 123,407 4.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



CONTAINER CORPORATION Cash Flow Statement Analysis

  • CONTAINER CORPORATION's cash flow from operating activities (CFO) during FY21 stood at Rs 10 billion on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs 337 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -5 billion, an improvement of 69% on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs 6 billion from the Rs -594 million net cash flows seen during FY20.

CONTAINER CORPORATION Cash Flow Statement 2020-21

Particulars No. of months 12 12 % Change
Year Ending Mar-20 Mar-21
Cash Flow from Operating Activities Rs m 42,858 10,291 -76.0%
Cash Flow from Investing Activities Rs m -28,750 337 -
Cash Flow from Financing Activities Rs m -14,702 -4,566 -
Net Cash Flow Rs m -594 6,062 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for CONTAINER CORPORATION

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 7.7, an improvement from the EPS of Rs 6.0 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 597.3, stands at 77.5 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 3.6 times, while the price to sales ratio stands at 5.7 times.
  • The company's price to cash flow (P/CF) ratio stood at 28.2 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-20* 12 Mar-21*
Sales per share (Unadj.) Rs 107.3 105.5
TTM Earnings per share Rs 6.0 7.7
Diluted earnings per share Rs 6.0 7.7
Price to Cash Flow x 22.2 28.2
TTM P/E ratio x 55.0 77.5
Price / Book Value ratio x 2.8 2.8
Market Cap Rs m 282,804 288,181
Dividends per share (Unadj.) Rs 3.6 5.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for CONTAINER CORPORATION

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 2.4x during FY21, from 2.5x during FY20. 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 15.8x during FY21, from 11.9x during FY20. 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 improved and stood at 4.6% during FY21, from 3.7% during FY21. 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 improved and stood at 6.7% during FY21, from 5.5% during FY20. 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 improved and stood at 4.2% during FY21, from 3.5% during FY20. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-20* 12 Mar-21*
Current ratio x 2.5 2.4
Debtors’ Days Days 1 1
Interest coverage x 11.9 15.8
Debt to equity ratio x 0.0 0.0
Return on assets % 3.5 4.2
Return on equity % 3.7 4.6
Return on capital employed % 5.5 6.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how CONTAINER CORPORATION has performed over the last 5 years, please visit here.

CONTAINER CORPORATION Share Price Performance

Over the last one year, CONTAINER CORPORATION share price has moved up from Rs 331.5 to Rs 597.3, registering a gain of Rs 265.8 or around 80.2%.

Overall, the S&P BSE SENSEX is up 74.1% over the year.

(To know more, check out historical annual results for CONTAINER CORPORATION and quarterly results for CONTAINER CORPORATION)

Annual Report FAQs

What is the current share price of CONTAINER CORPORATION?

CONTAINER CORPORATION currently trades at Rs 882.2 per share. You can check out the latest share price performance of CONTAINER CORPORATION here...

What was the revenue of CONTAINER CORPORATION in FY21? How does it compare to earlier years?

The revenues of CONTAINER CORPORATION stood at Rs 66,975 m in FY21, which was down -1.4% compared to Rs 67,929 m reported in FY20.

CONTAINER CORPORATION's revenue has grown from Rs 62,648 m in FY17 to Rs 66,975 m in FY21.

Over the past 5 years, the revenue of CONTAINER CORPORATION has grown at a CAGR of 1.7%.

What was the net profit of CONTAINER CORPORATION in FY21? How does it compare to earlier years?

The net profit of CONTAINER CORPORATION stood at Rs 4,693 m in FY21, which was up 27.9% compared to Rs 3,669 m reported in FY20.

This compares to a net profit of Rs 11,745 m in FY19 and a net profit of Rs 10,043 m in FY18.

Over the past 5 years, CONTAINER CORPORATION net profit has grown at a CAGR of -13.3%.

What does the cash flow statement of CONTAINER CORPORATION 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 CONTAINER CORPORATION reveals:

  • Cash flow from operations decreased in FY21 and stood at Rs 10,291 m as compared to Rs 42,858 m in FY20.
  • Cash flow from investments increased in FY21 and stood at Rs 337 m as compared to Rs -28,750 m in FY20.
  • Cash flow from financial activity increased in FY21 and stood at Rs -4,566 m as compared to Rs -14,702 m in FY20.

Here's the cash flow statement of CONTAINER CORPORATION for the past 5 years.

(Rs m)FY17FY18FY19FY20FY21
From Operations20,29413,133-19,41442,85810,291
From Investments-8,820-7,45213,815-28,750337
From Financial Activity-2,925-4,9244,807-14,702-4,566
Net Cashflow8,549757-793-5946,062

What does the Key Ratio analysis of CONTAINER CORPORATION 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 CONTAINER CORPORATION reveals:

  • Operating profit margins witnessed a fall and down at 15.1% in FY21 as against 12.9% in FY20.
  • Net profit margins grew from 5.6% in FY20 to 7.3% in FY21.
  • Debt to Equity ratio for FY21 stood at 0.0 as compared to 0.0 in FY20.

Here's the ratio/financial analysis of CONTAINER CORPORATION for the past 5 years.

 FY17FY18FY19FY20FY21
Operating Profit Margin (%)20.922.625.712.915.1
Net Profit Margin (%)13.915.216.95.67.3
Debt to Equity Ratio (x)0.00.00.00.00.0

Read: Latest Annual Report Analysis of CONTAINER CORPORATION

 

Equitymaster requests your view! Post a comment on "CONTAINER CORPORATION 2020-21 Annual Report Analysis". Click here!