CUBEX TUBING 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.
No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | % Change | |
---|---|---|---|---|
Net Sales | Rs m | 1,125 | 1,592 | 41.5% |
Other income | Rs m | 20 | 19 | -6.0% |
Total Revenues | Rs m | 1,145 | 1,611 | 40.6% |
Gross profit | Rs m | 25 | 45 | 79.1% |
Depreciation | Rs m | 14 | 14 | 2.0% |
Interest | Rs m | 7 | 9 | 27.4% |
Profit before tax | Rs m | 25 | 41 | 67.1% |
Tax | Rs m | 1 | 15 | 2,794.1% |
Profit after tax | Rs m | 24 | 26 | 9.5% |
Gross profit margin | % | 2.3 | 2.8 | |
Effective tax rate | % | 2.1 | 35.8 | |
Net profit margin | % | 2.1 | 1.7 |
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No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | % Change | |
---|---|---|---|---|
Networth | Rs m | 621 | 647 | 4.3 |
Current Liabilities | Rs m | 326 | 311 | -4.6 |
Long-term Debt | Rs m | 0 | 2 | 2,100.0 |
Total Liabilities | Rs m | 957 | 973 | 1.7 |
Current assets | Rs m | 646 | 673 | 4.2 |
Fixed Assets | Rs m | 311 | 299 | -3.6 |
Total Assets | Rs m | 957 | 973 | 1.7 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Mar-22 | Mar-23 | ||
Cash Flow from Operating Activities | Rs m | 12 | 1 | -89.8% |
Cash Flow from Investing Activities | Rs m | -4 | 5 | - |
Cash Flow from Financing Activities | Rs m | -8 | -7 | - |
Net Cash Flow | Rs m | 0 | -2 | - |
No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 78.6 | 111.1 |
TTM Earnings per share | Rs | 1.7 | 1.8 |
Diluted earnings per share | Rs | 1.7 | 1.8 |
Price to Cash Flow | x | 8.8 | 13.0 |
TTM P/E ratio | x | 13.8 | 19.2 |
Price / Book Value ratio | x | 0.6 | 0.8 |
Market Cap | Rs m | 401 | 528 |
Dividends per share (Unadj.) | Rs | 0.0 | 0.0 |
Current Ratio: The company's current ratio improved and stood at 2.2x during FY23, from 2.0x 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 5.5x during FY23, from 4.4x 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.
Return on Equity (ROE): The ROE for the company improved and stood at 4.1% during FY23, from 3.9% 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 7.8% during FY23, from 5.1% 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 3.7% during FY23, from 3.3% during FY22. The ROA measures how efficiently the company uses its assets to generate earnings.
No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | |
---|---|---|---|
Current ratio | x | 2.0 | 2.2 |
Debtors’ Days | Days | 1,379 | 834 |
Interest coverage | x | 4.4 | 5.5 |
Debt to equity ratio | x | 0.0 | 0.0 |
Return on assets | % | 3.3 | 3.7 |
Return on equity | % | 3.9 | 4.1 |
Return on capital employed | % | 5.1 | 7.8 |
To see how CUBEX TUBING has performed over the last 5 years, please visit here.
Over the last one year, CUBEX TUBING share price has moved up from Rs 24.1 to Rs 35.5, registering a gain of Rs 11.4 or around 47.3%.
Meanwhile, the S&P BSE METAL Index is trading at Rs 20,003.4 (down 0.5%). Over the last one year it has moved up from 15,276.4 to 20,003.4, a gain of 4,727 points (up 30.9%).
Overall, the S&P BSE SENSEX is up 21.5% over the year.
(To know more, check out historical annual results for CUBEX TUBING and quarterly results for CUBEX TUBING)
CUBEX TUBING currently trades at Rs 119.9 per share. You can check out the latest share price performance of CUBEX TUBING here...
The revenues of CUBEX TUBING stood at Rs 1,611 m in FY23, which was up 40.6% compared to Rs 1,145 m reported in FY22.
CUBEX TUBING's revenue has grown from Rs 632 m in FY19 to Rs 1,611 m in FY23.
Over the past 5 years, the revenue of CUBEX TUBING has grown at a CAGR of 26.4%.
The net profit of CUBEX TUBING stood at Rs 26 m in FY23, which was up 9.5% compared to Rs 24 m reported in FY22.
This compares to a net profit of Rs 13 m in FY21 and a net profit of Rs 4 m in FY20.
Over the past 5 years, CUBEX TUBING net profit has grown at a CAGR of 41.6%.
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 CUBEX TUBING reveals:
Here's the cash flow statement of CUBEX TUBING for the past 5 years.
(Rs m) | FY19 | FY20 | FY21 | FY22 | FY23 |
---|---|---|---|---|---|
From Operations | -2 | 34 | -1 | 12 | 1 |
From Investments | 13 | -26 | -1 | -4 | 5 |
From Financial Activity | -14 | -3 | -6 | -8 | -7 |
Net Cashflow | -3 | 5 | -8 | 0 | -2 |
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 CUBEX TUBING reveals:
Here's the ratio/financial analysis of CUBEX TUBING for the past 5 years.
FY19 | FY20 | FY21 | FY22 | FY23 | |
---|---|---|---|---|---|
Operating Profit Margin (%) | 1.0 | 3.0 | 5.2 | 2.3 | 2.8 |
Net Profit Margin (%) | 1.1 | 0.9 | 2.3 | 2.1 | 1.7 |
Debt to Equity Ratio (x) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
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