Markets will remain closed on May 01, 2024 on account of Maharashtra Day.

CHAMANLAL SE 2022-23 Annual Report Analysis

Tue, 26 Sep

CHAMANLAL SE has announced its results for the year ended March 2023. Let us have a look at the detailed performance review of the company during FY22-23.

CHAMANLAL SE Income Statement Analysis

• Operating income during the year rose 48.8% on a year-on-year (YoY) basis.
• The company's operating profit increased by 66.9% YoY during the fiscal. Operating profit margins witnessed a fall and down at 11.5% in FY23 as against 10.2% in FY22.
• Depreciation charges increased by 11.9% and finance costs increased by 7.4% YoY, respectively.
• Other income grew by 196.6% YoY.
• Net profit for the year grew by 81.1% YoY.
• Net profit margins during the year grew from 7.0% in FY22 to 8.5% in FY23.

CHAMANLAL SE Income Statement 2022-23

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*	% Change
Net Sales	Rs m	9,325	13,873	48.8%
Other income	Rs m	39	115	196.6%
Total Revenues	Rs m	9,364	13,988	49.4%
Gross profit	Rs m	952	1,589	66.9%
Depreciation	Rs m	53	59	11.9%
Interest	Rs m	68	73	7.4%
Profit before tax	Rs m	870	1,572	80.6%
Tax	Rs m	221	395	79.1%
Profit after tax	Rs m	650	1,177	81.1%
Gross profit margin	%	10.2	11.5
Effective tax rate	%	25.4	25.1
Net profit margin	%	7.0	8.5

LIVE NOW: Golden Buying Window to Ride India's Potentially Decade-Long $10 Trillion Bull Run...

CHAMANLAL SE Balance Sheet Analysis

• The company's current liabilities during FY23 stood at Rs 2 billion as compared to Rs 2 billion in FY22, thereby witnessing an increase of 2.7%.
• Long-term debt down at Rs 495 million as compared to Rs 557 million during FY22, a fall of 11.0%.
• Current assets rose 20% and stood at Rs 7 billion, while fixed assets rose 141% and stood at Rs 1 billion in FY23.
• Overall, the total assets and liabilities for FY23 stood at Rs 8 billion as against Rs 6 billion during FY22, thereby witnessing a growth of 32%.

CHAMANLAL SE Balance Sheet as on March 2023

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*	% Change
Networth	Rs m	4,096	6,085	48.6
Current Liabilities	Rs m	1,543	1,585	2.7
Long-term Debt	Rs m	557	495	-11.0
Total Liabilities	Rs m	6,210	8,180	31.7
Current assets	Rs m	5,620	6,760	20.3
Fixed Assets	Rs m	590	1,419	140.8
Total Assets	Rs m	6,210	8,180	31.7

CHAMANLAL SE Cash Flow Statement Analysis

• CHAMANLAL SE's cash flow from operating activities (CFO) during FY23 stood at Rs 372 million on a YoY basis.
• Cash flow from investing activities (CFI) during FY23 stood at Rs -38 million on a YoY basis.
• Cash flow from financial activities (CFF) during FY23 stood at Rs -44 million on a YoY basis.
• Overall, net cash flows for the company during FY23 stood at Rs 290 million from the Rs -503 million net cash flows seen during FY22.

CHAMANLAL SE Cash Flow Statement 2022-23

Particulars	No. of months	12	12	% Change
	Year Ending	Mar-22	Mar-23
Cash Flow from Operating Activities	Rs m	-584	372	-
Cash Flow from Investing Activities	Rs m	-71	-38	-
Cash Flow from Financing Activities	Rs m	151	-44	-
Net Cash Flow	Rs m	-503	290	-

Current Valuations for CHAMANLAL SE

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 22.7, an improvement from the EPS of Rs 12.6 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 240.4, stands at 10.1 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 2.0 times, while the price to sales ratio stands at 0.9 times.
• The company's price to cash flow (P/CF) ratio stood at 5.9 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*
Sales per share (Unadj.)	Rs	180.3	268.2
TTM Earnings per share	Rs	12.6	22.7
Diluted earnings per share	Rs	12.6	22.7
Price to Cash Flow	x	7.2	5.9
TTM P/E ratio	x	7.8	10.1
Price / Book Value ratio	x	1.5	1.2
Market Cap	Rs m	6,080	7,285
Dividends per share (Unadj.)	Rs	0.0	1.0

Ratio Analysis for CHAMANLAL SE

• Solvency Ratios

Current Ratio: The company's current ratio improved and stood at 4.3x during FY23, from 3.6x during FY22. 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 22.6x during FY23, from 13.8x during FY22. 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 19.3% during FY23, from 15.9% during FY23. 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 25.0% during FY23, from 20.2% during FY22. 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 15.3% during FY23, from 11.6% during FY22. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*
Current ratio	x	3.6	4.3
Debtors’ Days	Days	679	405
Interest coverage	x	13.8	22.6
Debt to equity ratio	x	0.1	0.1
Return on assets	%	11.6	15.3
Return on equity	%	15.9	19.3
Return on capital employed	%	20.2	25.0

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 106.5 to Rs 240.4, registering a gain of Rs 134.0 or around 125.8%.

Overall, the S&P BSE SENSEX is up 11.5% over the year.

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