DALMIA BHARAT SUG. 2020-21 Annual Report Analysis

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

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

DALMIA BHARAT SUG. 2020-21 Annual Report Analysis
Fri, 29 Oct

DALMIA BHARAT SUG. 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.

DALMIA BHARAT SUG. Income Statement Analysis

  • Operating income during the year rose 27.2% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 40.0% YoY during the fiscal. Operating profit margins witnessed a fall and down at 17.6% in FY21 as against 15.9% in FY20.
  • Depreciation charges increased by 67.0% and finance costs decreased by 30.0% YoY, respectively.
  • Other income declined by 4.5% YoY.
  • Net profit for the year grew by 39.9% YoY.
  • Net profit margins during the year grew from 8.9% in FY20 to 9.9% in FY21.

DALMIA BHARAT SUG. Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 21,108 26,858 27.2%
Other income Rs m 565 539 -4.5%
Total Revenues Rs m 21,673 27,397 26.4%
Gross profit Rs m 3,366 4,714 40.0%
Depreciation Rs m 572 956 67.0%
Interest Rs m 884 619 -30.0%
Profit before tax Rs m 2,475 3,679 48.7%
Tax Rs m 543 976 79.8%
Profit after tax Rs m 1,932 2,703 39.9%
Gross profit margin % 15.9 17.6
Effective tax rate % 21.9 26.5
Net profit margin % 8.9 9.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



FREE REPLAY: Catch the Details of Potential Crorepati-Making Stocks Right Now...

DALMIA BHARAT SUG. Balance Sheet Analysis

  • The company's current liabilities during FY21 down at Rs 12 billion as compared to Rs 13 billion in FY20, thereby witnessing an decrease of -12.8%.
  • Long-term debt down at Rs 2 billion as compared to Rs 4 billion during FY20, a fall of 46.6%.
  • Current assets rose 5% and stood at Rs 20 billion, while fixed assets rose 13% and stood at Rs 19 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 39 billion as against Rs 36 billion during FY20, thereby witnessing a growth of 9%.

DALMIA BHARAT SUG. Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 15,188 21,427 41.1
 
Current Liabilities Rs m 13,478 11,750 -12.8
Long-term Debt Rs m 4,244 2,266 -46.6
Total Liabilities Rs m 35,700 38,925 9.0
 
Current assets Rs m 19,304 20,355 5.4
Fixed Assets Rs m 16,396 18,570 13.3
Total Assets Rs m 35,700 38,925 9.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



DALMIA BHARAT SUG. Cash Flow Statement Analysis

  • DALMIA BHARAT SUG.'s cash flow from operating activities (CFO) during FY21 stood at Rs 3 billion, an improvement of 486.0% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs 371 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -4 billion on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs 183 million from the Rs 250 million net cash flows seen during FY20.

DALMIA BHARAT SUG. 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 590 3,455 486.0%
Cash Flow from Investing Activities Rs m -1,793 371 -
Cash Flow from Financing Activities Rs m 1,453 -3,644 -
Net Cash Flow Rs m 250 183 -26.8%
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for DALMIA BHARAT SUG.

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 33.4, an improvement from the EPS of Rs 23.9 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 394.5, stands at 11.9 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 0.4 times.
  • The company's price to cash flow (P/CF) ratio stood at 8.7 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 260.8 331.8
TTM Earnings per share Rs 23.9 33.4
Diluted earnings per share Rs 23.9 33.4
Price to Cash Flow x 12.8 8.7
TTM P/E ratio x 11.9 11.9
Price / Book Value ratio x 0.5 0.5
Market Cap Rs m 31,931 31,931
Dividends per share (Unadj.) Rs 2.0 3.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for DALMIA BHARAT SUG.

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.7x during FY21, from 1.4x 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 6.9x during FY21, from 3.8x 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 declined and down at 12.6% during FY21, from 12.7% 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 18.1% during FY21, from 17.3% 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 8.5% during FY21, from 7.9% 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 1.4 1.7
Debtors’ Days Days 3 2
Interest coverage x 3.8 6.9
Debt to equity ratio x 0.3 0.1
Return on assets % 7.9 8.5
Return on equity % 12.7 12.6
Return on capital employed % 17.3 18.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how DALMIA BHARAT SUG. has performed over the last 5 years, please visit here.

DALMIA BHARAT SUG. Share Price Performance

Over the last one year, DALMIA BHARAT SUG. share price has moved up from Rs 132.0 to Rs 394.5, registering a gain of Rs 262.5 or around 198.9%.

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

(To know more, check out historical annual results for DALMIA BHARAT SUG. and quarterly results for DALMIA BHARAT SUG.)

Equitymaster requests your view! Post a comment on "DALMIA BHARAT SUG. 2020-21 Annual Report Analysis". Click here!

  

Related Views on News

Sorry! There are no related views on news for this company/sector.

Most Popular

India's Best Semiconductor Stocks(Views On News)

Jan 7, 2022

Modern wars are fought with semiconductors. India's best semiconductor stocks have big tailwinds from defence and manufacturing.

10 Indian Companies with the Fastest Growth in Dividend Payouts...(Views On News)

Jan 10, 2022

These companies have been consistently paying higher dividends for several years.

Tata Steel vs SAIL: Which Stock is Better?(Views On News)

Jan 13, 2022

With government initiatives set to boost the steel sector, find out who has a better chance of coming out on top.

Watch Out for these 4 Indian Companies Betting Big on EV Supply Chain(Views On News)

Jan 11, 2022

The upside in supply chain players could be huge but a delay in the transition to EVs, or any policy related hiccups could end the momentum.

Tech Mahindra's CTC Acquisition: Too Expensive?(Views On News)

Jan 18, 2022

Tech Mahindra's acquisition of European IT-company fails to excite investors.

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2022
Get our special report Multibagger Stocks Guide (2022 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

TRACK DALMIA BHARAT SUG.

  • Track your investment in DALMIA BHARAT SUG. with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON DALMIA BHARAT SUG.

DALMIA BHARAT SUG. 8-QTR ANALYSIS

COMPARE DALMIA BHARAT SUG. WITH

MARKET STATS