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?  


BALRAMPUR CHINI 2020-21 Annual Report Analysis
Wed, 31 Mar

BALRAMPUR CHINI 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.

BALRAMPUR CHINI Income Statement Analysis

  • Operating income during the year rose 1.5% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 4.5% YoY during the fiscal. Operating profit margins witnessed a fall and down at 14.8% in FY21 as against 14.4% in FY20.
  • Depreciation charges increased by 10.3% and finance costs decreased by 38.8% YoY, respectively.
  • Other income declined by 36.3% YoY.
  • Net profit for the year declined by 10.0% YoY.
  • Net profit margins during the year declined from 10.8% in FY20 to 9.6% in FY21.

BALRAMPUR CHINI Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 47,413 48,117 1.5%
Other income Rs m 439 279 -36.3%
Total Revenues Rs m 47,852 48,396 1.1%
Gross profit Rs m 6,820 7,128 4.5%
Depreciation Rs m 1,014 1,119 10.3%
Interest Rs m 642 393 -38.8%
Profit before tax Rs m 5,603 5,896 5.2%
Tax Rs m 487 1,294 165.7%
Profit after tax Rs m 5,115 4,602 -10.0%
Gross profit margin % 14.4 14.8
Effective tax rate % 8.7 21.9
Net profit margin % 10.8 9.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

BALRAMPUR CHINI Balance Sheet Analysis

  • The company's current liabilities during FY21 down at Rs 17 billion as compared to Rs 20 billion in FY20, thereby witnessing an decrease of -15.0%.
  • Long-term debt down at Rs 2 billion as compared to Rs 3 billion during FY20, a fall of 28.5%.
  • Current assets fell 6% and stood at Rs 28 billion, while fixed assets rose 4% and stood at Rs 25 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 52 billion as against Rs 53 billion during FY20, thereby witnessing a fall of 1%.

BALRAMPUR CHINI Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 24,157 26,191 8.4
 
Current Liabilities Rs m 19,917 16,921 -15.0
Long-term Debt Rs m 3,403 2,433 -28.5
Total Liabilities Rs m 52,787 52,083 -1.3
 
Current assets Rs m 29,164 27,544 -5.6
Fixed Assets Rs m 23,623 24,539 3.9
Total Assets Rs m 52,787 52,083 -1.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



BALRAMPUR CHINI Cash Flow Statement Analysis

  • BALRAMPUR CHINI's cash flow from operating activities (CFO) during FY21 stood at Rs 6 billion on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs -811 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -6 billion on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs -10 million from the Rs -6 million net cash flows seen during FY20.

BALRAMPUR CHINI 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 8,496 6,490 -23.6%
Cash Flow from Investing Activities Rs m -3,047 -811 -
Cash Flow from Financing Activities Rs m -5,455 -5,689 -
Net Cash Flow Rs m -6 -10 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for BALRAMPUR CHINI

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 21.9, an decline from the EPS of Rs 23.3 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 214.5, stands at 9.5 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 1.7 times, while the price to sales ratio stands at 0.9 times.
  • The company's price to cash flow (P/CF) ratio stood at 5.7 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 215.5 229.1
TTM Earnings per share Rs 23.3 21.9
Diluted earnings per share Rs 25.1 22.6
Price to Cash Flow x 3.5 5.7
TTM P/E ratio x 4.1 9.5
Price / Book Value ratio x 1.2 1.2
Market Cap Rs m 29,018 32,513
Dividends per share (Unadj.) Rs 2.5 2.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for BALRAMPUR CHINI

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.6x during FY21, from 1.5x 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 16.0x during FY21, from 9.7x 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 17.6% during FY21, from 21.2% 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 declined and down at 22.0% during FY21, from 22.7% 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 9.6% during FY21, from 10.9% 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 1.5 1.6
Debtors’ Days Days 184 186
Interest coverage x 9.7 16.0
Debt to equity ratio x 0.1 0.1
Return on assets % 10.9 9.6
Return on equity % 21.2 17.6
Return on capital employed % 22.7 22.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how BALRAMPUR CHINI has performed over the last 5 years, please visit here.

BALRAMPUR CHINI Share Price Performance

Over the last one year, BALRAMPUR CHINI share price has moved up from Rs 104.0 to Rs 214.5, registering a gain of Rs 110.6 or around 106.3%.

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

(To know more, check out historical annual results for BALRAMPUR CHINI and quarterly results for BALRAMPUR CHINI)

Annual Report FAQs

What is the current share price of BALRAMPUR CHINI?

BALRAMPUR CHINI currently trades at Rs 361.6 per share. You can check out the latest share price performance of BALRAMPUR CHINI here...

What was the revenue of BALRAMPUR CHINI in FY21? How does it compare to earlier years?

The revenues of BALRAMPUR CHINI stood at Rs 48,396 m in FY21, which was up 1.1% compared to Rs 47,852 m reported in FY20.

BALRAMPUR CHINI's revenue has grown from Rs 33,043 m in FY17 to Rs 48,396 m in FY21.

Over the past 5 years, the revenue of BALRAMPUR CHINI has grown at a CAGR of 10.0%.

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

The net profit of BALRAMPUR CHINI stood at Rs 4,602 m in FY21, which was down -10.0% compared to Rs 5,115 m reported in FY20.

This compares to a net profit of Rs 5,691 m in FY19 and a net profit of Rs 2,213 m in FY18.

Over the past 5 years, BALRAMPUR CHINI net profit has grown at a CAGR of -6.1%.

What does the cash flow statement of BALRAMPUR CHINI 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 BALRAMPUR CHINI reveals:

  • Cash flow from operations decreased in FY21 and stood at Rs 6,490 m as compared to Rs 8,496 m in FY20.
  • Cash flow from investments increased in FY21 and stood at Rs -811 m as compared to Rs -3,047 m in FY20.
  • Cash flow from financial activity decreased in FY21 and stood at Rs -5,689 m as compared to Rs -5,455 m in FY20.

Here's the cash flow statement of BALRAMPUR CHINI for the past 5 years.

(Rs m)FY17FY18FY19FY20FY21
From Operations3,45611,798-5,2308,4966,490
From Investments-1,165-1,593-1,592-3,047-811
From Financial Activity-2,327-10,2016,819-5,455-5,689
Net Cashflow-414-3-6-10

What does the Key Ratio analysis of BALRAMPUR CHINI 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 BALRAMPUR CHINI reveals:

  • Operating profit margins witnessed a fall and down at 14.8% in FY21 as against 14.4% in FY20.
  • Net profit margins declined from 10.8% in FY20 to 9.6% in FY21.
  • Debt to Equity ratio for FY21 stood at 0.1 as compared to 0.1 in FY20.

Here's the ratio/financial analysis of BALRAMPUR CHINI for the past 5 years.

 FY17FY18FY19FY20FY21
Operating Profit Margin (%)26.510.516.114.414.8
Net Profit Margin (%)18.05.213.310.89.6
Debt to Equity Ratio (x)0.10.00.10.10.1

Read: Latest Annual Report Analysis of BALRAMPUR CHINI

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