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DHUNSERI VENTURES 2021-22 Annual Report Analysis
Tue, 15 Nov

DHUNSERI VENTURES has announced its results for the year ended March 2022. Let us have a look at the detailed performance review of the company during FY21-22.

DHUNSERI VENTURES Income Statement Analysis

  • Operating income during the year rose 45.1% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 43.2% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 23.8% in FY22 as against 60.8% in FY21.
  • Depreciation charges decreased by 10.9% and finance costs increased by 12.7% YoY, respectively.
  • Other income grew by 22.5% YoY.
  • Net profit for the year declined by 87.2% YoY.
  • Net profit margins during the year declined from 49.5% in FY21 to 4.4% in FY22.

DHUNSERI VENTURES Income Statement 2021-22

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Net Sales Rs m 1,818 2,639 45.1%
Other income Rs m 550 673 22.5%
Total Revenues Rs m 2,368 3,312 39.9%
Gross profit Rs m 1,106 629 -43.2%
Depreciation Rs m 255 227 -10.9%
Interest Rs m 48 54 12.7%
Profit before tax Rs m 1,352 1,020 -24.6%
Tax Rs m 451 904 100.3%
Profit after tax Rs m 901 116 -87.2%
Gross profit margin % 60.8 23.8
Effective tax rate % 33.4 88.7
Net profit margin % 49.5 4.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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DHUNSERI VENTURES Balance Sheet Analysis

  • The company's current liabilities during FY22 stood at Rs 1 billion as compared to Rs 636 million in FY21, thereby witnessing an increase of 124.1%.
  • Long-term debt stood at Rs 517 million as compared to Rs 427 million during FY21, a growth of 21.1%.
  • Current assets rose 43% and stood at Rs 5 billion, while fixed assets rose 29% and stood at Rs 20 billion in FY22.
  • Overall, the total assets and liabilities for FY22 stood at Rs 25 billion as against Rs 19 billion during FY21, thereby witnessing a growth of 32%.

DHUNSERI VENTURES Balance Sheet as on March 2022

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Networth Rs m 16,042 20,621 28.5
 
Current Liabilities Rs m 636 1,425 124.1
Long-term Debt Rs m 427 517 21.1
Total Liabilities Rs m 19,226 25,313 31.7
 
Current assets Rs m 3,578 5,124 43.2
Fixed Assets Rs m 15,649 20,189 29.0
Total Assets Rs m 19,226 25,313 31.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



DHUNSERI VENTURES Cash Flow Statement Analysis

  • DHUNSERI VENTURES's cash flow from operating activities (CFO) during FY22 stood at Rs -260 million on a YoY basis.
  • Cash flow from investing activities (CFI) during FY22 stood at Rs 133 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY22 stood at Rs 73 million, an improvement of 113% on a YoY basis.
  • Overall, net cash flows for the company during FY22 stood at Rs -53 million from the Rs 100 million net cash flows seen during FY21.

DHUNSERI VENTURES Cash Flow Statement 2021-22

Particulars No. of months 12 12 % Change
Year Ending Mar-21 Mar-22
Cash Flow from Operating Activities Rs m 305 -260 -
Cash Flow from Investing Activities Rs m 352 133 -62.4%
Cash Flow from Financing Activities Rs m -556 73 -
Net Cash Flow Rs m 100 -53 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for DHUNSERI VENTURES

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 3.3, an decline from the EPS of Rs 25.7 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 258.9, stands at -7.9 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 0.4 times, while the price to sales ratio stands at 3.4 times.
  • The company's price to cash flow (P/CF) ratio stood at 22.4 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-21* 12 Mar-22*
Sales per share (Unadj.) Rs 51.9 75.4
TTM Earnings per share Rs 25.7 3.3
Diluted earnings per share Rs 25.7 3.3
Price to Cash Flow x 3.0 22.4
TTM P/E ratio x 3.8 -7.9
Price / Book Value ratio x 0.2 0.4
Market Cap Rs m 2,716 7,693
Dividends per share (Unadj.) Rs 2.5 4.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for DHUNSERI VENTURES

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 3.6x during FY22, from 5.6x during FY21. 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 19.8x during FY22, from 29.1x during FY21. 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 0.6% during FY22, from 5.6% during FY22. 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 5.1% during FY22, from 8.5% during FY21. 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 declined and down at 0.7% during FY22, from 4.9% during FY21. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-21* 12 Mar-22*
Current ratio x 5.6 3.6
Debtors’ Days Days 2 2
Interest coverage x 29.1 19.8
Debt to equity ratio x 0.0 0.0
Return on assets % 4.9 0.7
Return on equity % 5.6 0.6
Return on capital employed % 8.5 5.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how DHUNSERI VENTURES has performed over the last 5 years, please visit here.

DHUNSERI VENTURES Share Price Performance

Over the last one year, DHUNSERI VENTURES share price has moved down from Rs 258.9 to Rs 258.9, registering a loss of Rs 0.1 or around 0.0%.

Overall, the S&P BSE SENSEX is up 2.9% over the year.

(To know more, check out historical annual results for DHUNSERI VENTURES and quarterly results for DHUNSERI VENTURES)

Annual Report FAQs

What is the current share price of DHUNSERI VENTURES?

DHUNSERI VENTURES currently trades at Rs 0.0 per share. You can check out the latest share price performance of DHUNSERI VENTURES here...

What was the revenue of DHUNSERI VENTURES in FY22? How does it compare to earlier years?

The revenues of DHUNSERI VENTURES stood at Rs 3,312 m in FY22, which was up 39.9% compared to Rs 2,368 m reported in FY21.

DHUNSERI VENTURES' revenue has fallen from Rs 9,808 m in FY18 to Rs 3,312 m in FY22.

Over the past 5 years, the revenue of DHUNSERI VENTURES has grown at a CAGR of -23.8%.

What was the net profit of DHUNSERI VENTURES in FY22? How does it compare to earlier years?

The net profit of DHUNSERI VENTURES stood at Rs 116 m in FY22, which was down -87.2% compared to Rs 901 m reported in FY21.

This compares to a net profit of Rs 102 m in FY20 and a net profit of Rs 168 m in FY19.

Over the past 5 years, DHUNSERI VENTURES net profit has grown at a CAGR of 9.6%.

What does the cash flow statement of DHUNSERI VENTURES 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 DHUNSERI VENTURES reveals:

  • Cash flow from operations decreased in FY22 and stood at Rs -260 m as compared to Rs 305 m in FY21.
  • Cash flow from investments decreased in FY22 and stood at Rs 133 m as compared to Rs 352 m in FY21.
  • Cash flow from financial activity increased in FY22 and stood at Rs 73 m as compared to Rs -556 m in FY21.

Here's the cash flow statement of DHUNSERI VENTURES for the past 5 years.

(Rs m)FY18FY19FY20FY21FY22
From Operations-3,4159581,012305-260
From Investments2,862-511-570352133
From Financial Activity1,040-847-399-55673
Net Cashflow483-40142100-53

What does the Key Ratio analysis of DHUNSERI VENTURES 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 DHUNSERI VENTURES reveals:

  • Operating profit margins witnessed a fall and stood at 23.8% in FY22 as against 60.8% in FY21.
  • Net profit margins declined from 49.5% in FY21 to 4.4% in FY22.
  • Debt to Equity ratio for FY22 stood at 0.0 as compared to 0.0 in FY21.

Here's the ratio/financial analysis of DHUNSERI VENTURES for the past 5 years.

 FY18FY19FY20FY21FY22
Operating Profit Margin (%)2.8-0.3-16.560.823.8
Net Profit Margin (%)0.82.214.649.54.4
Debt to Equity Ratio (x)0.00.00.00.00.0

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