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ELCID INVESTMENTS 2022-23 Annual Report Analysis

Wed, 30 Aug

ELCID INVESTMENTS 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.

ELCID INVESTMENTS Income Statement Analysis

• Operating income during the year fell 19.2% on a year-on-year (YoY) basis.
• The company's operating profit decreased by 22.0% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 94.4% in FY23 as against 97.7% in FY22.
• Depreciation charges increased by 27.9% increased by 0.0% YoY, respectively.
• Other income grew by 0.0% YoY.
• Net profit for the year declined by 26.6% YoY.
• Net profit margins during the year declined from 74.2% in FY22 to 67.4% in FY23.

ELCID INVESTMENTS Income Statement 2022-23

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*	% Change
Net Sales	Rs m	1,348	1,089	-19.2%
Other income	Rs m	0	0	0.0%
Total Revenues	Rs m	1,348	1,089	-19.2%
Gross profit	Rs m	1,317	1,028	-22.0%
Depreciation	Rs m	6	8	27.9%
Interest	Rs m	0	0	0.0%
Profit before tax	Rs m	1,311	1,020	-22.2%
Tax	Rs m	310	286	-7.9%
Profit after tax	Rs m	1,000	734	-26.6%
Gross profit margin	%	97.7	94.4
Effective tax rate	%	23.7	28.0
Net profit margin	%	74.2	67.4

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ELCID INVESTMENTS Balance Sheet Analysis

• The company's current liabilities during FY23 stood at Rs 718 million as compared to Rs 349 million in FY22, thereby witnessing an increase of 105.4%.
• Current assets rose 241% and stood at Rs 732 million, while fixed assets fell 9% and stood at Rs 119 billion in FY23.
• Overall, the total assets and liabilities for FY23 stood at Rs 120 billion as against Rs 132 billion during FY22, thereby witnessing a fall of 9%.

ELCID INVESTMENTS Balance Sheet as on March 2023

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*	% Change
Networth	Rs m	123,288	111,922	-9.2
Current Liabilities	Rs m	349	718	105.4
Long-term Debt	Rs m	0	0	0.0
Total Liabilities	Rs m	131,992	120,084	-9.0
Current assets	Rs m	215	732	241.0
Fixed Assets	Rs m	131,778	119,352	-9.4
Total Assets	Rs m	131,992	120,084	-9.0

ELCID INVESTMENTS Cash Flow Statement Analysis

• ELCID INVESTMENTS's cash flow from operating activities (CFO) during FY23 stood at Rs 371 million on a YoY basis.
• Cash flow from investing activities (CFI) during FY23 stood at Rs -270 million on a YoY basis.
• Cash flow from financial activities (CFF) during FY23 stood at Rs -3 million, an improvement of 0% on a YoY basis.
• Overall, net cash flows for the company during FY23 stood at Rs 98 million from the Rs -75 million net cash flows seen during FY22.

ELCID INVESTMENTS Cash Flow Statement 2022-23

Particulars	No. of months	12	12	% Change
	Year Ending	Mar-22	Mar-23
Cash Flow from Operating Activities	Rs m	611	371	-39.3%
Cash Flow from Investing Activities	Rs m	-683	-270	-
Cash Flow from Financing Activities	Rs m	-3	-3	-
Net Cash Flow	Rs m	-75	98	-

Current Valuations for ELCID INVESTMENTS

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 3,670.7, an decline from the EPS of Rs 5,002.0 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 3.2, stands at 0.0 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 0.0 times, while the price to sales ratio stands at 0.0 times.
• The company's price to cash flow (P/CF) ratio stood at 0.0 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*
Sales per share (Unadj.)	Rs	6,738.9	5,443.6
TTM Earnings per share	Rs	5,002.0	3,670.7
Diluted earnings per share	Rs	5,002.0	3,670.7
Price to Cash Flow	x	0.0	0.0
TTM P/E ratio	x	0.0	0.0
Price / Book Value ratio	x	0.0	0.0
Market Cap	Rs m	3	1
Dividends per share (Unadj.)	Rs	15.0	25.0

Ratio Analysis for ELCID INVESTMENTS

• Solvency Ratios

Current Ratio: The company's current ratio improved and stood at 1.0x during FY23, from 0.6x during FY22. The current ratio measures the company's ability to pay short-term and long-term obligations.

• Profitability Ratios

Return on Equity (ROE): The ROE for the company declined and down at 0.7% during FY23, from 0.8% 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 declined and down at 0.9% during FY23, from 1.1% 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 declined and down at 0.6% during FY23, from 0.8% during FY22. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*
Current ratio	x	0.6	1.0
Debtors’ Days	Days	2	4
Interest coverage	x	0.0	0.0
Debt to equity ratio	x	0.0	0.0
Return on assets	%	0.8	0.6
Return on equity	%	0.8	0.7
Return on capital employed	%	1.1	0.9

To see how ELCID INVESTMENTS has performed over the last 5 years, please visit here.

ELCID INVESTMENTS Share Price Performance

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(To know more, check out historical annual results for ELCID INVESTMENTS and quarterly results for ELCID INVESTMENTS)