DATAMATICS GLOBAL 2020-21 Annual Report Analysis

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DATAMATICS GLOBAL 2020-21 Annual Report Analysis
Fri, 29 Oct

DATAMATICS 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.

DATAMATICS GLOBAL Income Statement Analysis

  • Operating income during the year fell 4.5% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 36.6% YoY during the fiscal. Operating profit margins witnessed a fall and down at 12.0% in FY21 as against 8.4% in FY20.
  • Depreciation charges increased by 6.7% and finance costs decreased by 21.8% YoY, respectively.
  • Other income declined by 46.0% YoY.
  • Net profit for the year grew by 38.1% YoY.
  • Net profit margins during the year grew from 4.9% in FY20 to 7.2% in FY21.

DATAMATICS GLOBAL Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 12,033 11,491 -4.5%
Other income Rs m 292 157 -46.0%
Total Revenues Rs m 12,325 11,648 -5.5%
Gross profit Rs m 1,005 1,374 36.6%
Depreciation Rs m 370 395 6.7%
Interest Rs m 60 47 -21.8%
Profit before tax Rs m 867 1,089 25.7%
Tax Rs m 262 254 -3.2%
Profit after tax Rs m 605 836 38.1%
Gross profit margin % 8.4 12.0
Effective tax rate % 30.2 23.3
Net profit margin % 4.9 7.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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DATAMATICS GLOBAL Balance Sheet Analysis

  • The company's current liabilities during FY21 down at Rs 2 billion as compared to Rs 3 billion in FY20, thereby witnessing an decrease of -40.1%.
  • Current assets rose 4% and stood at Rs 6 billion, while fixed assets fell 35% and stood at Rs 3 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 9 billion as against Rs 10 billion during FY20, thereby witnessing a fall of 11%.

DATAMATICS GLOBAL Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 6,848 7,154 4.5
 
Current Liabilities Rs m 2,581 1,545 -40.1
Long-term Debt Rs m 0 0 0.0
Total Liabilities Rs m 10,050 8,927 -11.2
 
Current assets Rs m 6,161 6,414 4.1
Fixed Assets Rs m 3,889 2,512 -35.4
Total Assets Rs m 10,050 8,927 -11.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



DATAMATICS GLOBAL Cash Flow Statement Analysis

  • DATAMATICS GLOBAL's cash flow from operating activities (CFO) during FY21 stood at Rs 1 billion, an improvement of 21.9% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs -793 million, an improvement of 721.7% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -990 million on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs -957 million from the Rs 1 billion net cash flows seen during FY20.

DATAMATICS 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 835 1,018 21.9%
Cash Flow from Investing Activities Rs m -97 -793 -
Cash Flow from Financing Activities Rs m 514 -990 -
Net Cash Flow Rs m 1,252 -957 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for DATAMATICS GLOBAL

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 14.2, an improvement from the EPS of Rs 10.3 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 313.5, stands at 14.5 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 0.7 times, while the price to sales ratio stands at 0.4 times.
  • The company's price to cash flow (P/CF) ratio stood at 15.0 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 204.1 194.9
TTM Earnings per share Rs 10.3 14.2
Diluted earnings per share Rs 10.3 14.2
Price to Cash Flow x 19.0 15.0
TTM P/E ratio x 14.5 14.5
Price / Book Value ratio x 0.6 0.7
Market Cap Rs m 18,478 18,478
Dividends per share (Unadj.) Rs 0.0 0.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for DATAMATICS GLOBAL

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 4.2x during FY21, from 2.4x 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 24.2x during FY21, from 15.4x 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 11.7% during FY21, from 8.8% 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 15.9% during FY21, from 13.5% 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 9.9% during FY21, from 6.6% 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 2.4 4.2
Debtors’ Days Days 83 58
Interest coverage x 15.4 24.2
Debt to equity ratio x 0.0 0.0
Return on assets % 6.6 9.9
Return on equity % 8.8 11.7
Return on capital employed % 13.5 15.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

DATAMATICS GLOBAL Share Price Performance

Over the last one year, DATAMATICS GLOBAL share price has moved up from Rs 69.9 to Rs 313.5, registering a gain of Rs 243.6 or around 348.7%.

Meanwhile, the S&P BSE IT Index is trading at Rs 33,491.4 (down 1.6%). Over the last one year it has moved up from 21,060.9 to 33,491.4, a gain of 12,431 points (up 59.0%).

Overall, the S&P BSE SENSEX is up 48.6% over the year.

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

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