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CHAMANLAL SE 2020-21 Annual Report Analysis
Wed, 31 Mar

CHAMANLAL SE 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.

CHAMANLAL SE Income Statement Analysis

  • Operating income during the year rose 6.7% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 49.2% YoY during the fiscal. Operating profit margins witnessed a fall and down at 13.8% in FY21 as against 9.9% in FY20.
  • Depreciation charges increased by 4.5% and finance costs decreased by 3.7% YoY, respectively.
  • Other income grew by 23.9% YoY.
  • Net profit for the year grew by 56.3% YoY.
  • Net profit margins during the year grew from 6.6% in FY20 to 9.6% in FY21.

CHAMANLAL SE Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 7,977 8,515 6.7%
Other income Rs m 27 33 23.9%
Total Revenues Rs m 8,004 8,548 6.8%
Gross profit Rs m 790 1,179 49.2%
Depreciation Rs m 49 51 4.5%
Interest Rs m 67 65 -3.7%
Profit before tax Rs m 701 1,097 56.4%
Tax Rs m 177 277 56.7%
Profit after tax Rs m 525 820 56.3%
Gross profit margin % 9.9 13.8
Effective tax rate % 25.2 25.2
Net profit margin % 6.6 9.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



CHAMANLAL SE Balance Sheet Analysis

  • The company's current liabilities during FY21 stood at Rs 1 billion as compared to Rs 1 billion in FY20, thereby witnessing an increase of 8.9%.
  • Long-term debt stood at Rs 576 million as compared to Rs 478 million during FY20, a growth of 20.5%.
  • Current assets rose 24% and stood at Rs 5 billion, while fixed assets rose 13% and stood at Rs 532 million in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 5 billion as against Rs 4 billion during FY20, thereby witnessing a growth of 22%.

CHAMANLAL SE Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 2,733 3,496 27.9
 
Current Liabilities Rs m 1,015 1,106 8.9
Long-term Debt Rs m 478 576 20.5
Total Liabilities Rs m 4,239 5,192 22.5
 
Current assets Rs m 3,766 4,659 23.7
Fixed Assets Rs m 472 532 12.7
Total Assets Rs m 4,239 5,192 22.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



CHAMANLAL SE Cash Flow Statement Analysis

  • CHAMANLAL SE's cash flow from operating activities (CFO) during FY21 stood at Rs 374 million on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs -78 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs 217 million, an improvement of 166% on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs 513 million from the Rs -3 million net cash flows seen during FY20.

CHAMANLAL SE 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 510 374 -26.6%
Cash Flow from Investing Activities Rs m -186 -78 -
Cash Flow from Financing Activities Rs m -327 217 -
Net Cash Flow Rs m -3 513 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for CHAMANLAL SE

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 15.9, an improvement from the EPS of Rs 10.1 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 86.0, stands at 5.4 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 1.3 times, while the price to sales ratio stands at 0.5 times.
  • The company's price to cash flow (P/CF) ratio stood at 4.4 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 154.2 164.6
TTM Earnings per share Rs 10.1 15.9
Diluted earnings per share Rs 10.1 15.9
Price to Cash Flow x 3.1 4.4
TTM P/E ratio x 3.4 5.4
Price / Book Value ratio x 1.1 1.1
Market Cap Rs m 2,955 3,866
Dividends per share (Unadj.) Rs 0.5 0.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for CHAMANLAL SE

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 4.2x during FY21, from 3.7x 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 18.0x during FY21, from 11.5x 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 23.5% during FY21, from 19.2% 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 improved and stood at 28.5% during FY21, from 23.9% 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 17.0% during FY21, from 14.0% 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 3.7 4.2
Debtors’ Days Days 461 508
Interest coverage x 11.5 18.0
Debt to equity ratio x 0.2 0.2
Return on assets % 14.0 17.0
Return on equity % 19.2 23.5
Return on capital employed % 23.9 28.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how CHAMANLAL SE has performed over the last 5 years, please visit here.

CHAMANLAL SE Share Price Performance

Over the last one year, CHAMANLAL SE share price has moved up from Rs 34.4 to Rs 86.0, registering a gain of Rs 51.6 or around 149.9%.

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

(To know more, check out historical annual results for CHAMANLAL SE and quarterly results for CHAMANLAL SE)

Annual Report FAQs

What is the current share price of CHAMANLAL SE?

CHAMANLAL SE currently trades at Rs 0.0 per share. You can check out the latest share price performance of CHAMANLAL SE here...

What was the revenue of CHAMANLAL SE in FY21? How does it compare to earlier years?

The revenues of CHAMANLAL SE stood at Rs 8,548 m in FY21, which was up 6.8% compared to Rs 8,004 m reported in FY20.

CHAMANLAL SE's revenue has grown from Rs 4,959 m in FY17 to Rs 8,548 m in FY21.

Over the past 5 years, the revenue of CHAMANLAL SE has grown at a CAGR of 14.6%.

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

The net profit of CHAMANLAL SE stood at Rs 820 m in FY21, which was up 56.3% compared to Rs 525 m reported in FY20.

This compares to a net profit of Rs 344 m in FY19 and a net profit of Rs 417 m in FY18.

Over the past 5 years, CHAMANLAL SE net profit has grown at a CAGR of 20.8%.

What does the cash flow statement of CHAMANLAL SE 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 CHAMANLAL SE reveals:

  • Cash flow from operations decreased in FY21 and stood at Rs 374 m as compared to Rs 510 m in FY20.
  • Cash flow from investments increased in FY21 and stood at Rs -78 m as compared to Rs -186 m in FY20.
  • Cash flow from financial activity increased in FY21 and stood at Rs 217 m as compared to Rs -327 m in FY20.

Here's the cash flow statement of CHAMANLAL SE for the past 5 years.

(Rs m)FY17FY18FY19FY20FY21
From Operations-169-491-216510374
From Investments-30-105-48-186-78
From Financial Activity187223257-327217
Net Cashflow-13-372-7-3513

What does the Key Ratio analysis of CHAMANLAL SE 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 CHAMANLAL SE reveals:

  • Operating profit margins witnessed a fall and down at 13.8% in FY21 as against 9.9% in FY20.
  • Net profit margins grew from 6.6% in FY20 to 9.6% in FY21.
  • Debt to Equity ratio for FY21 stood at 0.2 as compared to 0.2 in FY20.

Here's the ratio/financial analysis of CHAMANLAL SE for the past 5 years.

 FY17FY18FY19FY20FY21
Operating Profit Margin (%)13.19.48.19.913.8
Net Profit Margin (%)7.85.64.56.69.6
Debt to Equity Ratio (x)0.20.20.20.20.2

 

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