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RPSG VENTURES 2021-22 Annual Report Analysis
Fri, 8 Jul

RPSG VENTURES has announced its results for the year ended March 2022. Let us have a look at the detailed performance review of the company during FY21-22.

RPSG VENTURES Income Statement Analysis

  • Operating income during the year rose 19.1% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 50.8% YoY during the fiscal. Operating profit margins witnessed a fall and down at 13.3% in FY22 as against 10.5% in FY21.
  • Depreciation charges increased by 17.0% and finance costs increased by 94.8% YoY, respectively.
  • Other income declined by 75.9% YoY.
  • Net profit for the year grew by 293.9% YoY.
  • Net profit margins during the year grew from 1.0% in FY21 to 3.4% in FY22.

RPSG VENTURES Income Statement 2021-22

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Net Sales Rs m 55,993 66,701 19.1%
Other income Rs m 638 154 -75.9%
Total Revenues Rs m 56,630 66,854 18.1%
Gross profit Rs m 5,871 8,851 50.8%
Depreciation Rs m 2,489 2,913 17.0%
Interest Rs m 1,075 2,093 94.8%
Profit before tax Rs m 2,945 3,998 35.8%
Tax Rs m 2,361 1,699 -28.0%
Profit after tax Rs m 584 2,299 293.9%
Gross profit margin % 10.5 13.3
Effective tax rate % 80.2 42.5
Net profit margin % 1.0 3.4
* 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 FY22 stood at Rs 30 billion as compared to Rs 17 billion in FY21, thereby witnessing an increase of 74.0%.
  • Long-term debt stood at Rs 8 billion as compared to Rs 3 billion during FY21, a growth of 136.7%.
  • Current assets rose 36% and stood at Rs 20 billion, while fixed assets rose 129% and stood at Rs 106 billion in FY22.
  • Overall, the total assets and liabilities for FY22 stood at Rs 125 billion as against Rs 61 billion during FY21, thereby witnessing a growth of 107%.

RPSG VENTURES Balance Sheet as on March 2022

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Networth Rs m 21,438 24,989 16.6
 
Current Liabilities Rs m 16,962 29,512 74.0
Long-term Debt Rs m 3,494 8,268 136.7
Total Liabilities Rs m 60,582 125,196 106.7
 
Current assets Rs m 14,372 19,538 35.9
Fixed Assets Rs m 46,210 105,659 128.6
Total Assets Rs m 60,582 125,196 106.7
* 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 FY22 stood at Rs 7 billion on a YoY basis.
  • Cash flow from investing activities (CFI) during FY22 stood at Rs -15 billion, an improvement of 216.2% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY22 stood at Rs 9 billion, an improvement of 231% on a YoY basis.
  • Overall, net cash flows for the company during FY22 stood at Rs 638 million from the Rs -2 billion net cash flows seen during FY21.

RPSG VENTURES Cash Flow Statement 2021-22

Particulars No. of months 12 12 % Change
Year Ending Mar-21 Mar-22
Cash Flow from Operating Activities Rs m 9,005 6,603 -26.7%
Cash Flow from Investing Activities Rs m -4,597 -14,535 -
Cash Flow from Financing Activities Rs m -6,521 8,569 -
Net Cash Flow Rs m -2,093 638 -
* 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 86.3, an improvement from the EPS of Rs 22.0 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 503.1, stands at 5.9 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 0.5 times, while the price to sales ratio stands at 0.2 times.
  • The company's price to cash flow (P/CF) ratio stood at 3.8 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-21* 12 Mar-22*
Sales per share (Unadj.) Rs 2,112.1 2,503.8
TTM Earnings per share Rs 22.0 86.3
Diluted earnings per share Rs 21.9 86.3
Price to Cash Flow x 2.9 3.8
TTM P/E ratio x 15.4 5.9
Price / Book Value ratio x 0.3 0.8
Market Cap Rs m 6,788 19,557
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 0.7x during FY22, from 0.8x during FY21. 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 deteriorated and stood at 2.9x during FY22, from 3.7x during FY21. 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 9.2% during FY22, from 2.7% during FY22. 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 18.3% during FY22, from 16.1% during FY21. 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 3.5% during FY22, from 2.7% during FY21. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-21* 12 Mar-22*
Current ratio x 0.8 0.7
Debtors’ Days Days 4 5
Interest coverage x 3.7 2.9
Debt to equity ratio x 0.2 0.3
Return on assets % 2.7 3.5
Return on equity % 2.7 9.2
Return on capital employed % 16.1 18.3
* 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 down from Rs 567.6 to Rs 503.1, registering a loss of Rs 64.5 or around 11.4%.

Overall, the S&P BSE SENSEX is up 3.1% 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 FY22? How does it compare to earlier years?

The revenues of RPSG VENTURES stood at Rs 66,854 m in FY22, which was up 18.1% compared to Rs 56,630 m reported in FY21.

RPSG VENTURES' revenue has grown from Rs 20,056 m in FY18 to Rs 66,854 m in FY22.

Over the past 5 years, the revenue of RPSG VENTURES has grown at a CAGR of 35.1%.

What was the net profit of RPSG VENTURES in FY22? How does it compare to earlier years?

The net profit of RPSG VENTURES stood at Rs 2,299 m in FY22, which was up 293.9% compared to Rs 584 m reported in FY21.

This compares to a net profit of Rs 758 m in FY20 and a net profit of Rs 2,345 m in FY19.

Over the past 5 years, RPSG VENTURES net profit has grown at a CAGR of 8.9%.

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 decreased in FY22 and stood at Rs 6,603 m as compared to Rs 9,005 m in FY21.
  • Cash flow from investments decreased in FY22 and stood at Rs -14,535 m as compared to Rs -4,597 m in FY21.
  • Cash flow from financial activity increased in FY22 and stood at Rs 8,569 m as compared to Rs -6,521 m in FY21.

Here's the cash flow statement of RPSG VENTURES for the past 5 years.

(Rs m)FY18FY19FY20FY21FY22
From Operations-3503,5791,8419,0056,603
From Investments-1,856-2,8271,000-4,597-14,535
From Financial Activity3,611-1,015-795-6,5218,569
Net Cashflow1,462-2581,986-2,093638

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 13.3% in FY22 as against 10.5% in FY21.
  • Net profit margins grew from 1.0% in FY21 to 3.4% in FY22.
  • Debt to Equity ratio for FY22 stood at 0.3 as compared to 0.2 in FY21.

Here's the ratio/financial analysis of RPSG VENTURES for the past 5 years.

 FY18FY19FY20FY21FY22
Operating Profit Margin (%)10.98.98.810.513.3
Net Profit Margin (%)8.25.41.61.03.4
Debt to Equity Ratio (x)0.10.10.10.20.3

Read: Latest Annual Report Analysis of RPSG VENTURES

 

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