CAREER POINT 2017-18 Annual Report Analysis

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CAREER POINT 2017-18 Annual Report Analysis
Thu, 20 Dec

CAREER POINT 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.

CAREER POINT Income Statement Analysis

  • Operating income during the year rose 8.0% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 6.8% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 34.1% in FY18 as against 34.5% in FY17.
  • Depreciation charges decreased by 12.4% and finance costs increased by 11.6% YoY, respectively.
  • Other income declined by 13.4% YoY.
  • Net profit for the year grew by 5.9% YoY.
  • Net profit margins during the year grew from 22.0% in FY17 to 22.1% in FY18.

CAREER POINT Income Statement 2017-18

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Net Sales Rs m 830 896 8.0%
Other income Rs m 124 107 -13.4%
Total Revenues Rs m 953 1,003 5.2%
Gross profit Rs m 286 306 6.8%
Depreciation Rs m 53 46 -12.4%
Interest Rs m 59 66 11.6%
Profit before tax Rs m 298 301 0.9%
Tax Rs m 88 78 -10.9%
Profit after tax Rs m 210 222 5.9%
Gross profit margin % 34.5 34.1
Effective tax rate % 29.5 26.0
Net profit margin % 22.0 22.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



CAREER POINT Balance Sheet Analysis

  • The company's current liabilities during FY18 down at Rs 777 million as compared to Rs 1 billion in FY17, thereby witnessing an decrease of -43.6%.
  • Long-term debt stood at Rs 296 million as compared to Rs 100 million during FY17, a growth of 196.5%.
  • Current assets fell 23% and stood at Rs 2 billion, while fixed assets rose 0% and stood at Rs 2 billion in FY18.
  • Overall, the total assets and liabilities for FY18 stood at Rs 5 billion as against Rs 5 billion during FY17, thereby witnessing a fall of 3%.

CAREER POINT Balance Sheet as on March 2018

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Networth Rs m 3,802 4,039 6.3
 
Current Liabilities Rs m 1,377 777 -43.6
Long-term Debt Rs m 100 296 196.5
Total Liabilities Rs m 5,353 5,209 -2.7
 
Current assets Rs m 3,088 2,378 -23.0
Fixed Assets Rs m 1,841 1,848 0.4
Total Assets Rs m 5,353 5,209 -2.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



CAREER POINT Cash Flow Statement Analysis

  • CAREER POINT's cash flow from operating activities (CFO) during FY18 stood at Rs 975 million on a YoY basis.
  • Cash flow from investing activities (CFI) during FY18 stood at Rs -458 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY18 stood at Rs -496 million on a YoY basis.
  • Overall, net cash flows for the company during FY18 stood at Rs 21 million from the Rs 59 million net cash flows seen during FY17.

CAREER POINT 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 -42 975 -
Cash Flow from Investing Activities Rs m -645 -458 -
Cash Flow from Financing Activities Rs m 746 -496 -
Net Cash Flow Rs m 59 21 -64.4%
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for CAREER POINT

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 12.2, an improvement from the EPS of Rs 11.6 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 77.0, stands at 5.9 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 0.6 times, while the price to sales ratio stands at 2.6 times.
  • The company's price to cash flow (P/CF) ratio stood at 5.2 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 45.8 49.3
TTM Earnings per share Rs 11.6 12.2
Diluted earnings per share Rs 11.6 12.3
Price to Cash Flow x 5.3 5.2
TTM P/E ratio x 5.9 5.9
Price / Book Value ratio x 0.6 0.6
Market Cap Rs m 1,395 1,395
Dividends per share (Unadj.) Rs 0.0 0.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for CAREER POINT

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 3.1x during FY18, from 2.2x 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 5.6x during FY18, from 6.1x 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 declined and down at 5.5% during FY18, from 5.5% 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 8.4% during FY18, from 9.1% 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 improved and stood at 5.5% during FY18, from 5.0% 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 2.2 3.1
Debtors’ Days Days 176 184
Interest coverage x 6.1 5.6
Debt to equity ratio x 0.0 0.1
Return on assets % 5.0 5.5
Return on equity % 5.5 5.5
Return on capital employed % 9.1 8.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



To see how CAREER POINT has performed over the last 5 years, please visit here.

CAREER POINT Share Price Performance

Over the last one year, CAREER POINT share price has moved up from Rs 130.3 to Rs 77.0, registering a loss of Rs 53.3 or around 40.9%.

Overall, the S&P BSE SENSEX is up 7.5% over the year.

(To know more, check out historical annual results for CAREER POINT and quarterly results for CAREER POINT)

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For the quarter ended March 2019, CAREER POINT has posted a net profit of Rs 53 m (up 79.2% YoY). Sales on the other hand came in at Rs 242 m (up 29.1% YoY). Read on for a complete analysis of CAREER POINT's quarterly results.

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