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?  


EVEREST KANTO CYLINDER 2017-18 Annual Report Analysis
Sat, 31 Mar

EVEREST KANTO CYLINDER 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.

EVEREST KANTO CYLINDER Income Statement Analysis

  • Operating income during the year fell 0.3% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 55.1% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 12.3% in FY18 as against 27.4% in FY17.
  • Depreciation charges decreased by 7.7% and finance costs decreased by 22.2% YoY, respectively.
  • Other income grew by 147.5% YoY.
  • Net profit for the year declined by 69.6% YoY.
  • Net profit margins during the year declined from 14.6% in FY17 to 4.4% in FY18.

EVEREST KANTO CYLINDER Income Statement 2017-18

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Net Sales Rs m 5,390 5,375 -0.3%
Other income Rs m 123 305 147.5%
Total Revenues Rs m 5,513 5,681 3.0%
Gross profit Rs m 1,476 662 -55.1%
Depreciation Rs m 345 318 -7.7%
Interest Rs m 469 365 -22.2%
Profit before tax Rs m 786 285 -63.8%
Tax Rs m 2 46 2,569.4%
Profit after tax Rs m 784 238 -69.6%
Gross profit margin % 27.4 12.3
Effective tax rate % 0.2 16.2
Net profit margin % 14.6 4.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Read Now: We're Bullish on 2 Non-Nifty Stocks

EVEREST KANTO CYLINDER Balance Sheet Analysis

  • The company's current liabilities during FY18 down at Rs 3 billion as compared to Rs 5 billion in FY17, thereby witnessing an decrease of -39.2%.
  • Long-term debt down at Rs 2 billion as compared to Rs 2 billion during FY17, a fall of 6.2%.
  • Current assets fell 15% and stood at Rs 6 billion, while fixed assets fell 16% and stood at Rs 4 billion in FY18.
  • Overall, the total assets and liabilities for FY18 stood at Rs 10 billion as against Rs 12 billion during FY17, thereby witnessing a fall of 15%.

EVEREST KANTO CYLINDER Balance Sheet as on March 2018

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Networth Rs m 4,220 4,437 5.2
 
Current Liabilities Rs m 4,861 2,954 -39.2
Long-term Debt Rs m 1,967 1,846 -6.2
Total Liabilities Rs m 11,588 9,802 -15.4
 
Current assets Rs m 6,671 5,685 -14.8
Fixed Assets Rs m 4,916 4,117 -16.3
Total Assets Rs m 11,588 9,802 -15.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



EVEREST KANTO CYLINDER Cash Flow Statement Analysis

  • EVEREST KANTO CYLINDER's cash flow from operating activities (CFO) during FY18 stood at Rs -206 million on a YoY basis.
  • Cash flow from investing activities (CFI) during FY18 stood at Rs 2 billion on a YoY basis.
  • Cash flow from financial activities (CFF) during FY18 stood at Rs -2 billion on a YoY basis.
  • Overall, net cash flows for the company during FY18 stood at Rs 4 million from the Rs -4 million net cash flows seen during FY17.

EVEREST KANTO CYLINDER 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 738 -206 -
Cash Flow from Investing Activities Rs m -8 2,247 -
Cash Flow from Financing Activities Rs m -735 -2,026 -
Net Cash Flow Rs m -4 4 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for EVEREST KANTO CYLINDER

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 2.1, an decline from the EPS of Rs 7.0 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 42.1, stands at 9.0 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 1.1 times, while the price to sales ratio stands at 0.9 times.
  • The company's price to cash flow (P/CF) ratio stood at 11.0 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 48.0 47.9
TTM Earnings per share Rs 7.0 2.1
Diluted earnings per share Rs 7.0 2.1
Price to Cash Flow x 3.7 11.0
TTM P/E ratio x 4.9 9.0
Price / Book Value ratio x 0.7 1.4
Market Cap Rs m 3,159 6,129
Dividends per share (Unadj.) Rs 0.0 0.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for EVEREST KANTO CYLINDER

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.9x during FY18, from 1.4x 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 1.8x during FY18, from 2.7x 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 5.4% during FY18, from 18.6% 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 10.3% during FY18, from 20.3% 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 declined and down at 6.2% during FY18, from 10.8% 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 1.4 1.9
Debtors’ Days Days 785 607
Interest coverage x 2.7 1.8
Debt to equity ratio x 0.5 0.4
Return on assets % 10.8 6.2
Return on equity % 18.6 5.4
Return on capital employed % 20.3 10.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how EVEREST KANTO CYLINDER has performed over the last 5 years, please visit here.

EVEREST KANTO CYLINDER Share Price Performance

Over the last one year, EVEREST KANTO CYLINDER share price has moved up from Rs 36.8 to Rs 42.1, registering a gain of Rs 5.3 or around 14.4%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,476.7 (down 0.1%). Over the last one year it has moved up from 16,446.0 to 18,476.7, a gain of 2,031 points (up 12.3%).

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

(To know more, check out historical annual results for EVEREST KANTO CYLINDER and quarterly results for EVEREST KANTO CYLINDER)

Annual Report FAQs

What is the current share price of EVEREST KANTO CYLINDER?

EVEREST KANTO CYLINDER currently trades at Rs 131.4 per share. You can check out the latest share price performance of EVEREST KANTO CYLINDER here...

What was the revenue of EVEREST KANTO CYLINDER in FY18? How does it compare to earlier years?

The revenues of EVEREST KANTO CYLINDER stood at Rs 5,681 m in FY18, which was up 3.0% compared to Rs 5,513 m reported in FY17.

EVEREST KANTO CYLINDER's revenue has grown from Rs 4,920 m in FY16 to Rs 5,681 m in FY18.

Over the past 3 years, the revenue of EVEREST KANTO CYLINDER has grown at a CAGR of 7.5%.

What was the net profit of EVEREST KANTO CYLINDER in FY18? How does it compare to earlier years?

The net profit of EVEREST KANTO CYLINDER stood at Rs 238 m in FY18, which was down -69.6% compared to Rs 784 m reported in FY17.

This compares to a net loss of Rs -1,241 m in FY16.

Over the past 3 years, EVEREST KANTO CYLINDER net profit has grown at a CAGR of NaN%.

What does the cash flow statement of EVEREST KANTO CYLINDER 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 EVEREST KANTO CYLINDER reveals:

  • Cash flow from operations decreased in FY18 and stood at Rs -206 m as compared to Rs 738 m in FY17.
  • Cash flow from investments increased in FY18 and stood at Rs 2,247 m as compared to Rs -8 m in FY17.
  • Cash flow from financial activity decreased in FY18 and stood at Rs -2,026 m as compared to Rs -735 m in FY17.

Here's the cash flow statement of EVEREST KANTO CYLINDER for the past 3 years.

(Rs m)FY16FY17FY18
From Operations314738-206
From Investments-156-82,247
From Financial Activity-572-735-2,026
Net Cashflow-308-44

What does the Key Ratio analysis of EVEREST KANTO CYLINDER 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 EVEREST KANTO CYLINDER reveals:

  • Operating profit margins witnessed a fall and stood at 12.3% in FY18 as against 27.4% in FY17.
  • Net profit margins declined from 14.6% in FY17 to 4.4% in FY18.
  • Debt to Equity ratio for FY18 stood at 0.4 as compared to 0.5 in FY17.

Here's the ratio/financial analysis of EVEREST KANTO CYLINDER for the past 3 years.

 FY16FY17FY18
Operating Profit Margin (%)0.027.412.3
Net Profit Margin (%)-25.414.64.4
Debt to Equity Ratio (x)0.70.50.4

Read: Latest Annual Report Analysis of EVEREST KANTO CYLINDER

Equitymaster requests your view! Post a comment on "EVEREST KANTO CYLINDER 2017-18 Annual Report Analysis". Click here!