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

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  


CAREER POINT 2017-18 Annual Report Analysis
Sat, 31 Mar

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 49.2% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 6.6% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 12.4% in FY18 as against 17.3% in FY17.
  • Depreciation charges decreased by 12.3% and finance costs increased by 10.4% YoY, respectively.
  • Other income declined by 13.4% YoY.
  • Net profit for the year grew by 5.8% YoY.
  • Net profit margins during the year declined from 12.7% in FY17 to 9.0% in FY18.

CAREER POINT Income Statement 2017-18

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Net Sales Rs m 1,660 2,477 49.2%
Other income Rs m 124 107 -13.4%
Total Revenues Rs m 1,784 2,584 44.9%
Gross profit Rs m 287 306 6.6%
Depreciation Rs m 52 46 -12.3%
Interest Rs m 60 66 10.4%
Profit before tax Rs m 298 301 0.9%
Tax Rs m 88 78 -10.9%
Profit after tax Rs m 211 223 5.8%
Gross profit margin % 17.3 12.4
Effective tax rate % 29.5 26.0
Net profit margin % 12.7 9.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

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 24% and stood at Rs 3 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 3,810 4,038 6.0
 
Current Liabilities Rs m 1,377 777 -43.6
Long-term Debt Rs m 100 296 196.5
Total Liabilities Rs m 5,353 5,193 -3.0
 
Current assets Rs m 3,088 2,378 -23.0
Fixed Assets Rs m 2,265 2,815 24.3
Total Assets Rs m 5,353 5,193 -3.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, 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: Accord Fintech, Equitymaster



Current Valuations for CAREER POINT

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 12.3, 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 107.5, stands at 8.8 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 0.5 times, while the price to sales ratio stands at 0.8 times.
  • The company's price to cash flow (P/CF) ratio stood at 8.5 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 91.6 136.4
TTM Earnings per share Rs 11.6 12.3
Diluted earnings per share Rs 11.6 12.2
Price to Cash Flow x 7.4 8.5
TTM P/E ratio x 11.7 8.8
Price / Book Value ratio x 0.6 0.6
Market Cap Rs m 2,192 2,290
Dividends per share (Unadj.) Rs 0.0 0.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, 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 6.0x 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 8.5% during FY18, from 9.2% 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 5.6% 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 880 666
Interest coverage x 6.0 5.6
Debt to equity ratio x 0.0 0.1
Return on assets % 5.0 5.6
Return on equity % 5.5 5.5
Return on capital employed % 9.2 8.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, 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 106.8 to Rs 107.5, registering a gain of Rs 0.8 or around 0.7%.

Overall, the S&P BSE SENSEX is up 12.1% over the year.

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

Annual Report FAQs

What is the current share price of CAREER POINT?

CAREER POINT currently trades at Rs 282.0 per share. You can check out the latest share price performance of CAREER POINT here...

What was the revenue of CAREER POINT in FY18? How does it compare to earlier years?

The revenues of CAREER POINT stood at Rs 2,584 m in FY18, which was up 44.9% compared to Rs 1,784 m reported in FY17.

CAREER POINT's revenue has grown from Rs 780 m in FY14 to Rs 2,584 m in FY18.

Over the past 5 years, the revenue of CAREER POINT has grown at a CAGR of 34.9%.

What was the net profit of CAREER POINT in FY18? How does it compare to earlier years?

The net profit of CAREER POINT stood at Rs 223 m in FY18, which was up 5.8% compared to Rs 211 m reported in FY17.

This compares to a net profit of Rs 141 m in FY16 and a net profit of Rs 52 m in FY15.

Over the past 5 years, CAREER POINT net profit has grown at a CAGR of 23.9%.

What does the cash flow statement of CAREER POINT 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 CAREER POINT reveals:

  • Cash flow from operations increased in FY18 and stood at Rs 975 m as compared to Rs -42 m in FY17.
  • Cash flow from investments increased in FY18 and stood at Rs -458 m as compared to Rs -645 m in FY17.
  • Cash flow from financial activity decreased in FY18 and stood at Rs -496 m as compared to Rs 746 m in FY17.

Here's the cash flow statement of CAREER POINT for the past 5 years.

(Rs m)FY14FY15FY16FY17FY18
From Operations-146-787-19-42975
From Investments28782021-645-458
From Financial Activity-147-75-2746-496
Net Cashflow-6-4205921

What does the Key Ratio analysis of CAREER POINT 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 CAREER POINT reveals:

  • Operating profit margins witnessed a fall and stood at 12.4% in FY18 as against 17.3% in FY17.
  • Net profit margins declined from 12.7% in FY17 to 9.0% in FY18.
  • Debt to Equity ratio for FY18 stood at 0.1 as compared to 0.0 in FY17.

Here's the ratio/financial analysis of CAREER POINT for the past 5 years.

 FY14FY15FY16FY17FY18
Operating Profit Margin (%)14.94.727.117.312.4
Net Profit Margin (%)14.56.718.612.79.0
Debt to Equity Ratio (x)0.00.00.00.00.1

Read: Latest Annual Report Analysis of CAREER POINT

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