X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
CHAMBAL FERTILISERS 2017-18 Annual Report Analysis

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

CHAMBAL FERTILISERS 2017-18 Annual Report Analysis
Thu, 3 Jan

CHAMBAL FERTILISERS has announced its results for the year ended March 2018. Let us have a look at the detailed performance review of the company during FY17-18.

CHAMBAL FERTILISERS Income Statement Analysis

  • Operating income during the year fell 0.2% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 2.6% YoY during the fiscal. Operating profit margins witnessed a fall and down at 10.6% in FY18 as against 10.3% in FY17.
  • Depreciation charges decreased by 7.4% and finance costs decreased by 38.9% YoY, respectively.
  • Other income grew by 3.3% YoY.
  • Net profit for the year grew by 29.4% YoY.
  • Net profit margins during the year grew from 4.9% in FY17 to 6.4% in FY18.

CHAMBAL FERTILISERS Income Statement 2017-18

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Net Sales Rs m 75,535 75,410 -0.2%
Other income Rs m 1,370 1,415 3.3%
Total Revenues Rs m 76,905 76,825 -0.1%
Gross profit Rs m 7,762 7,965 2.6%
Depreciation Rs m 922 854 -7.4%
Interest Rs m 2,540 1,552 -38.9%
Profit before tax Rs m 5,670 6,974 23.0%
Tax Rs m 1,855 2,449 32.0%
Profit after tax Rs m 3,801 4,917 29.4%
Gross profit margin % 10.3 10.6
Effective tax rate % 32.7 35.1
Net profit margin % 4.9 6.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



CHAMBAL FERTILISERS Balance Sheet Analysis

  • The company's current liabilities during FY18 down at Rs 33 billion as compared to Rs 44 billion in FY17, thereby witnessing an decrease of -24.3%.
  • Long-term debt stood at Rs 35 billion as compared to Rs 14 billion during FY17, a growth of 145.5%.
  • Current assets fell 22% and stood at Rs 38 billion, while fixed assets rose 83% and stood at Rs 56 billion in FY18.
  • Overall, the total assets and liabilities for FY18 stood at Rs 95 billion as against Rs 81 billion during FY17, thereby witnessing a growth of 18%.

CHAMBAL FERTILISERS Balance Sheet as on March 2018

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Networth Rs m 21,235 25,056 18.0
 
Current Liabilities Rs m 43,912 33,254 -24.3
Long-term Debt Rs m 14,320 35,160 145.5
Total Liabilities Rs m 80,571 94,796 17.7
 
Current assets Rs m 48,699 37,894 -22.2
Fixed Assets Rs m 30,415 55,756 83.3
Total Assets Rs m 80,571 94,796 17.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



CHAMBAL FERTILISERS Cash Flow Statement Analysis

  • CHAMBAL FERTILISERS's cash flow from operating activities (CFO) during FY18 stood at Rs 12 billion on a YoY basis.
  • Cash flow from investing activities (CFI) during FY18 stood at Rs -18 billion, an improvement of 163.6% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY18 stood at Rs 6 billion, an improvement of 221% on a YoY basis.
  • Overall, net cash flows for the company during FY18 stood at Rs -491 million from the Rs 763 million net cash flows seen during FY17.

CHAMBAL FERTILISERS Cash Flow Statement 2017-18

Particulars No. of months 12 12 % Change
Year Ending Mar-17 Mar-18
Cash Flow from Operating Activities Rs m 12,795 11,715 -8.4%
Cash Flow from Investing Activities Rs m -6,906 -18,205 -
Cash Flow from Financing Activities Rs m -4,999 6,063 -
Net Cash Flow Rs m 763 -491 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for CHAMBAL FERTILISERS

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 11.8, an improvement from the EPS of Rs 9.1 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 152.6, stands at 12.8 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 2.1 times, while the price to sales ratio stands at 0.7 times.
  • The company's price to cash flow (P/CF) ratio stood at 11.8 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-17* 12 Mar-18*
Sales per share (Unadj.) Rs 181.5 181.2
TTM Earnings per share Rs 9.1 11.8
Diluted earnings per share Rs 9.1 11.8
Price to Cash Flow x 13.5 11.8
TTM P/E ratio x 12.8 12.8
Price / Book Value ratio x 1.4 2.1
Market Cap Rs m 63,514 63,514
Dividends per share (Unadj.) Rs 1.9 1.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for CHAMBAL FERTILISERS

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.1x during FY18, from 1.1x during FY17. 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 5.5x during FY18, from 3.2x during FY17. 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 19.6% during FY18, from 17.9% during FY18. 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 14.8% during FY18, from 23.1% during FY17. 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 6.8% during FY18, from 7.9% during FY17. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-17* 12 Mar-18*
Current ratio x 1.1 1.1
Debtors’ Days Days 147 123
Interest coverage x 3.2 5.5
Debt to equity ratio x 0.7 1.4
Return on assets % 7.9 6.8
Return on equity % 17.9 19.6
Return on capital employed % 23.1 14.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



To see how CHAMBAL FERTILISERS has performed over the last 5 years, please visit here.

CHAMBAL FERTILISERS Share Price Performance

Over the last one year, CHAMBAL FERTILISERS share price has moved up from Rs 160.1 to Rs 152.6, registering a loss of Rs 7.5 or around 4.7%.

Overall, the S&P BSE SENSEX is up 5.6% over the year.

(To know more, check out historical annual results for CHAMBAL FERTILISERS and quarterly results for CHAMBAL FERTILISERS)

Equitymaster requests your view! Post a comment on "CHAMBAL FERTILISERS 2017-18 Annual Report Analysis". Click here!

  

Related Views on News

CHAMBAL FERTILISERS Announces Quarterly Results (3QFY19); Net Profit Up 2.8% (Quarterly Result Update)

Feb 1, 2019 | Updated on Feb 1, 2019

For the quarter ended December 2018, CHAMBAL FERTILISERS has posted a net profit of Rs 2 bn (up 2.8% YoY). Sales on the other hand came in at Rs 28 bn (up 20.5% YoY). Read on for a complete analysis of CHAMBAL FERTILISERS's quarterly results.

CHAMBAL FERTILISERS Announces Quarterly Results (2QFY19); Net Profit Up 0.5% (Quarterly Result Update)

Nov 9, 2018 | Updated on Nov 9, 2018

For the quarter ended September 2018, CHAMBAL FERTILISERS has posted a net profit of Rs 1 bn (up 0.5% YoY). Sales on the other hand came in at Rs 25 bn (up 18.6% YoY). Read on for a complete analysis of CHAMBAL FERTILISERS's quarterly results.

More Views on News

Most Popular

The One Real Estate Stock to Buy Now(The 5 Minute Wrapup)

Feb 13, 2019

The real estate sector is ready to make a comeback. This is the stock to consider buying.

Don't Be Afraid of the Market; Buy Stocks Like This One(The 5 Minute Wrapup)

Feb 14, 2019

During this tough period in the market, a contrarian approach holds huge potential upside for this Smart Money Secrets stock.

Small Caps Under Seige: Could This Be A Once-in-a-Decade Wealth Creating Opportunity?(Profit Hunter)

Feb 14, 2019

Don't let the dark clouds hovering over small caps scare you into hiding; it will rain gold as sentiments recover. Indeed, there is a blood bath. And if you are a first time investor, the correction is deep enough to scare you out of markets.

The 4-Point Plan to Accelerate India to a 10 Trillion Dollar Economy(The 5 Minute Wrapup)

Feb 12, 2019

Two questions I have been eagerly waiting to ask you ever since Budget 2019 was announced.

The Train to 'Small-Cap-Profits Land' is Back on the Station!(Profit Hunter)

Feb 15, 2019

Why its great news that prices for small caps over the last few days have been falling like there's no tomorrow.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

TRACK CHAMBAL FERTILISERS

  • Track your investment in CHAMBAL FERTILISERS with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON CHAMBAL FERTILISERS

CHAMBAL FERTILISERS 5-YR ANALYSIS

COMPARE CHAMBAL FERTILISERS WITH

MARKET STATS