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RPSG VENTURES 2020-21 Annual Report Analysis
Wed, 31 Mar

RPSG VENTURES 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.

RPSG VENTURES Income Statement Analysis

  • Operating income during the year rose 21.5% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 45.4% YoY during the fiscal. Operating profit margins witnessed a fall and down at 10.5% in FY21 as against 8.8% in FY20.
  • Depreciation charges increased by 10.7% and finance costs increased by 5.1% YoY, respectively.
  • Other income grew by 72.8% YoY.
  • Net profit for the year declined by 23.0% YoY.
  • Net profit margins during the year declined from 1.6% in FY20 to 1.0% in FY21.

RPSG VENTURES Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 46,084 55,993 21.5%
Other income Rs m 369 638 72.8%
Total Revenues Rs m 46,453 56,630 21.9%
Gross profit Rs m 4,039 5,871 45.4%
Depreciation Rs m 2,249 2,489 10.7%
Interest Rs m 1,023 1,075 5.1%
Profit before tax Rs m 1,136 2,945 159.3%
Tax Rs m 378 2,361 524.7%
Profit after tax Rs m 758 584 -23.0%
Gross profit margin % 8.8 10.5
Effective tax rate % 33.3 80.2
Net profit margin % 1.6 1.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

RPSG VENTURES Balance Sheet Analysis

  • The company's current liabilities during FY21 stood at Rs 17 billion as compared to Rs 16 billion in FY20, thereby witnessing an increase of 6.5%.
  • Long-term debt stood at Rs 3 billion as compared to Rs 3 billion during FY20, a growth of 6.0%.
  • Current assets fell 2% and stood at Rs 15 billion, while fixed assets rose 2% and stood at Rs 46 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 61 billion as against Rs 60 billion during FY20, thereby witnessing a growth of 1%.

RPSG VENTURES Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 23,200 21,438 -7.6
 
Current Liabilities Rs m 15,929 16,962 6.5
Long-term Debt Rs m 3,297 3,494 6.0
Total Liabilities Rs m 59,786 60,582 1.3
 
Current assets Rs m 14,793 14,539 -1.7
Fixed Assets Rs m 44,994 46,043 2.3
Total Assets Rs m 59,786 60,582 1.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



RPSG VENTURES Cash Flow Statement Analysis

  • RPSG VENTURES's cash flow from operating activities (CFO) during FY21 stood at Rs 9 billion, an improvement of 389.1% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs -5 billion on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -7 billion on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs -2 billion from the Rs 2 billion net cash flows seen during FY20.

RPSG VENTURES 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 1,841 9,005 389.1%
Cash Flow from Investing Activities Rs m 1,000 -4,597 -
Cash Flow from Financing Activities Rs m -795 -6,521 -
Net Cash Flow Rs m 1,986 -2,093 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for RPSG VENTURES

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 22.0, an decline from the EPS of Rs 28.6 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 336.9, stands at 15.4 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 0.4 times, while the price to sales ratio stands at 0.2 times.
  • The company's price to cash flow (P/CF) ratio stood at 2.2 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 1,738.4 2,112.1
TTM Earnings per share Rs 28.6 22.0
Diluted earnings per share Rs 28.4 21.9
Price to Cash Flow x 1.0 2.2
TTM P/E ratio x 2.4 15.4
Price / Book Value ratio x 0.4 0.3
Market Cap Rs m 10,194 6,788
Dividends per share (Unadj.) Rs 0.0 0.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for RPSG VENTURES

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 0.9x during FY21, from 0.9x 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 3.7x during FY21, from 2.1x 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 declined and down at 2.7% during FY21, from 3.3% 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 16.1% during FY21, from 8.1% 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 declined and down at 2.7% during FY21, from 3.0% 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 0.9 0.9
Debtors’ Days Days 5 4
Interest coverage x 2.1 3.7
Debt to equity ratio x 0.1 0.2
Return on assets % 3.0 2.7
Return on equity % 3.3 2.7
Return on capital employed % 8.1 16.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how RPSG VENTURES has performed over the last 5 years, please visit here.

RPSG VENTURES Share Price Performance

Over the last one year, RPSG VENTURES share price has moved up from Rs 117.0 to Rs 336.9, registering a gain of Rs 219.9 or around 187.9%.

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

(To know more, check out historical annual results for RPSG VENTURES and quarterly results for RPSG VENTURES)

Annual Report FAQs

What is the current share price of RPSG VENTURES?

RPSG VENTURES currently trades at Rs 621.5 per share. You can check out the latest share price performance of RPSG VENTURES here...

What was the revenue of RPSG VENTURES in FY21? How does it compare to earlier years?

The revenues of RPSG VENTURES stood at Rs 56,630 m in FY21, which was up 21.9% compared to Rs 46,453 m reported in FY20.

RPSG VENTURES' revenue has grown from Rs 20,056 m in FY18 to Rs 56,630 m in FY21.

Over the past 4 years, the revenue of RPSG VENTURES has grown at a CAGR of 41.3%.

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

The net profit of RPSG VENTURES stood at Rs 584 m in FY21, which was down -23.0% compared to Rs 758 m reported in FY20.

This compares to a net profit of Rs 2,345 m in FY19 and a net profit of Rs 1,637 m in FY18.

Over the past 4 years, RPSG VENTURES net profit has grown at a CAGR of -29.1%.

What does the cash flow statement of RPSG VENTURES 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 RPSG VENTURES reveals:

  • Cash flow from operations increased in FY21 and stood at Rs 9,005 m as compared to Rs 1,841 m in FY20.
  • Cash flow from investments decreased in FY21 and stood at Rs -4,597 m as compared to Rs 1,000 m in FY20.
  • Cash flow from financial activity decreased in FY21 and stood at Rs -6,521 m as compared to Rs -795 m in FY20.

Here's the cash flow statement of RPSG VENTURES for the past 4 years.

(Rs m)FY18FY19FY20FY21
From Operations-3503,5791,8419,005
From Investments-1,856-2,8271,000-4,597
From Financial Activity3,611-1,015-795-6,521
Net Cashflow1,462-2581,986-2,093

What does the Key Ratio analysis of RPSG VENTURES 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 RPSG VENTURES reveals:

  • Operating profit margins witnessed a fall and down at 10.5% in FY21 as against 8.8% in FY20.
  • Net profit margins declined from 1.6% in FY20 to 1.0% in FY21.
  • Debt to Equity ratio for FY21 stood at 0.2 as compared to 0.1 in FY20.

Here's the ratio/financial analysis of RPSG VENTURES for the past 4 years.

 FY18FY19FY20FY21
Operating Profit Margin (%)10.98.98.810.5
Net Profit Margin (%)8.25.41.61.0
Debt to Equity Ratio (x)0.10.10.10.2

Read: Latest Annual Report Analysis of RPSG VENTURES

 

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