CONTAINER CORPORATION 2020-21 Annual Report Analysis

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CONTAINER CORPORATION 2020-21 Annual Report Analysis
Fri, 22 Oct

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 5.4% in FY20 to 7.0% 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 % 5.4 7.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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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 681.0, stands at 61.8 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 2.8 times, while the price to sales ratio stands at 4.5 times.
  • The company's price to cash flow (P/CF) ratio stood at 40.6 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 45.5 40.6
TTM P/E ratio x 61.8 61.8
Price / Book Value ratio x 2.8 2.8
Market Cap Rs m 414,929 414,929
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 396.6 to Rs 681.0, registering a gain of Rs 284.4 or around 71.7%.

Overall, the S&P BSE SENSEX is up 50.4% over the year.

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

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Related Views on News

CONTAINER CORPORATION Announces Quarterly Results (2QFY22); Net Profit Up 41.3% (Quarterly Result Update)

Oct 26, 2021 | Updated on Oct 26, 2021

For the quarter ended September 2021, CONTAINER CORPORATION has posted a net profit of Rs 2 bn (up 41.3% YoY). Sales on the other hand came in at Rs 18 bn (up 21.7% YoY). Read on for a complete analysis of CONTAINER CORPORATION's quarterly results.

CONTAINER CORPORATION Announces Quarterly Results (1QFY22); Net Profit Up 409.7% (Quarterly Result Update)

Jul 31, 2021 | Updated on Jul 31, 2021

For the quarter ended June 2021, CONTAINER CORPORATION has posted a net profit of Rs 3 bn (up 409.7% YoY). Sales on the other hand came in at Rs 18 bn (up 52.4% YoY). Read on for a complete analysis of CONTAINER CORPORATION's quarterly results.

CONTAINER CORPORATION 2019-20 Annual Report Analysis (Annual Result Update)

Nov 4, 2020 | Updated on Nov 4, 2020

Here's an analysis of the annual report of CONTAINER CORPORATION for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of CONTAINER CORPORATION. Also includes updates on the valuation of CONTAINER CORPORATION.

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