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URJA GLOBAL 2020-21 Annual Report Analysis
Wed, 31 Mar

URJA GLOBAL 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.

URJA GLOBAL Income Statement Analysis

  • Operating income during the year fell 9.2% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 106.6% YoY during the fiscal. Operating profit margins witnessed a growth and stood at 0.1% in FY21 as against 0.7% in FY20.
  • Depreciation charges increased by 19.2% and finance costs decreased by 20.0% YoY, respectively.
  • Other income grew by 86.3% YoY.
  • Net profit for the year grew by 54.9% YoY.
  • Net profit margins during the year grew from 0.7% in FY20 to 1.2% in FY21.

URJA GLOBAL Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 1,636 1,485 -9.2%
Other income Rs m 18 34 86.3%
Total Revenues Rs m 1,654 1,518 -8.2%
Gross profit Rs m 11 -1 -106.6%
Depreciation Rs m 4 5 19.2%
Interest Rs m 8 6 -20.0%
Profit before tax Rs m 18 22 23.9%
Tax Rs m 6 4 -30.8%
Profit after tax Rs m 11 17 54.9%
Gross profit margin % 0.7 -0.1
Effective tax rate % 36.2 20.2
Net profit margin % 0.7 1.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

URJA GLOBAL Balance Sheet Analysis

  • The company's current liabilities during FY21 stood at Rs 4 billion as compared to Rs 3 billion in FY20, thereby witnessing an increase of 11.2%.
  • Long-term debt down at Rs 30 million as compared to Rs 36 million during FY20, a fall of 16.2%.
  • Current assets rose 12% and stood at Rs 4 billion, while fixed assets rose 1% and stood at Rs 1 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 5 billion as against Rs 5 billion during FY20, thereby witnessing a growth of 9%.

URJA GLOBAL Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 1,548 1,628 5.2
 
Current Liabilities Rs m 3,185 3,542 11.2
Long-term Debt Rs m 36 30 -16.2
Total Liabilities Rs m 4,861 5,293 8.9
 
Current assets Rs m 3,482 3,900 12.0
Fixed Assets Rs m 1,380 1,388 0.6
Total Assets Rs m 4,861 5,293 8.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



URJA GLOBAL Cash Flow Statement Analysis

  • URJA GLOBAL's cash flow from operating activities (CFO) during FY21 stood at Rs -72 million, an improvement of 1,023.7% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs 17 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs 55 million, an improvement of 793% on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs 0 million from the Rs 3 million net cash flows seen during FY20.

URJA GLOBAL 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 -6 -72 -
Cash Flow from Investing Activities Rs m 17 17 -2.9%
Cash Flow from Financing Activities Rs m -8 55 -
Net Cash Flow Rs m 3 0 -100.0%
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for URJA GLOBAL

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 0.0, an improvement from the EPS of Rs 0.0 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 6.6, stands at 170.5 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 2.2 times, while the price to sales ratio stands at 2.3 times.
  • The company's price to cash flow (P/CF) ratio stood at 124.4 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 3.2 2.9
TTM Earnings per share Rs 0.0 0.0
Diluted earnings per share Rs 0.0 0.0
Price to Cash Flow x 35.7 124.4
TTM P/E ratio x 31.6 170.5
Price / Book Value ratio x 0.7 1.7
Market Cap Rs m 1,027 2,747
Dividends per share (Unadj.) Rs 0.0 0.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for URJA GLOBAL

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.1x during FY21, from 1.1x 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 4.4x during FY21, from 3.2x 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 1.1% during FY21, from 0.7% 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 1.7% during FY21, from 1.6% 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 0.4% during FY21, from 0.4% 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 1.1 1.1
Debtors’ Days Days 696,828,869 889,584,200
Interest coverage x 3.2 4.4
Debt to equity ratio x 0.0 0.0
Return on assets % 0.4 0.4
Return on equity % 0.7 1.1
Return on capital employed % 1.6 1.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how URJA GLOBAL has performed over the last 5 years, please visit here.

URJA GLOBAL Share Price Performance

Over the last one year, URJA GLOBAL share price has moved up from Rs 1.0 to Rs 6.6, registering a gain of Rs 5.6 or around 576.3%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 2,475.1 (down 1.4%). Over the last one year it has moved up from 1,378.0 to 2,475.1, a gain of 1,097 points (up 79.6%).

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

(To know more, check out historical annual results for URJA GLOBAL and quarterly results for URJA GLOBAL)

Annual Report FAQs

What is the current share price of URJA GLOBAL?

URJA GLOBAL currently trades at Rs 18.9 per share. You can check out the latest share price performance of URJA GLOBAL here...

What was the revenue of URJA GLOBAL in FY21? How does it compare to earlier years?

The revenues of URJA GLOBAL stood at Rs 1,518 m in FY21, which was down -8.2% compared to Rs 1,654 m reported in FY20.

URJA GLOBAL's revenue has grown from Rs 1,295 m in FY17 to Rs 1,518 m in FY21.

Over the past 5 years, the revenue of URJA GLOBAL has grown at a CAGR of 4.1%.

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

The net profit of URJA GLOBAL stood at Rs 17 m in FY21, which was up 54.9% compared to Rs 11 m reported in FY20.

This compares to a net profit of Rs 0 m in FY19 and a net loss of Rs -9 m in FY18.

Over the past 5 years, URJA GLOBAL net profit has grown at a CAGR of 13.8%.

What does the cash flow statement of URJA GLOBAL 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 URJA GLOBAL reveals:

  • Cash flow from operations decreased in FY21 and stood at Rs -72 m as compared to Rs -6 m in FY20.
  • Cash flow from investments decreased in FY21 and stood at Rs 17 m as compared to Rs 17 m in FY20.
  • Cash flow from financial activity increased in FY21 and stood at Rs 55 m as compared to Rs -8 m in FY20.

Here's the cash flow statement of URJA GLOBAL for the past 5 years.

(Rs m)FY17FY18FY19FY20FY21
From Operations83-89-12-6-72
From Investments416181717
From Financial Activity-6-8-7-855
Net Cashflow81-81-130

What does the Key Ratio analysis of URJA GLOBAL 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 URJA GLOBAL reveals:

  • Operating profit margins witnessed a growth and stood at 0.1% in FY21 as against 0.7% in FY20.
  • Net profit margins grew from 0.7% in FY20 to 1.2% in FY21.
  • Debt to Equity ratio for FY21 stood at 0.0 as compared to 0.0 in FY20.

Here's the ratio/financial analysis of URJA GLOBAL for the past 5 years.

 FY17FY18FY19FY20FY21
Operating Profit Margin (%)1.6-0.5-0.30.7-0.1
Net Profit Margin (%)0.8-0.60.00.71.2
Debt to Equity Ratio (x)0.00.00.00.00.0

Read: Latest Annual Report Analysis of URJA GLOBAL

 

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