ESCORTS LIMITED 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?  

ESCORTS LIMITED 2020-21 Annual Report Analysis
Thu, 12 Aug

ESCORTS LIMITED 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.

ESCORTS LIMITED Income Statement Analysis

  • Operating income during the year rose 20.7% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 71.9% YoY during the fiscal. Operating profit margins witnessed a fall and down at 16.0% in FY21 as against 11.2% in FY20.
  • Depreciation charges increased by 10.3% and finance costs decreased by 22.6% YoY, respectively.
  • Other income grew by 68.4% YoY.
  • Net profit for the year grew by 84.5% YoY.
  • Net profit margins during the year grew from 8.0% in FY20 to 12.2% in FY21.

ESCORTS LIMITED Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 58,101 70,144 20.7%
Other income Rs m 976 1,644 68.4%
Total Revenues Rs m 59,077 71,788 21.5%
Gross profit Rs m 6,532 11,228 71.9%
Depreciation Rs m 1,072 1,183 10.3%
Interest Rs m 172 133 -22.6%
Profit before tax Rs m 6,263 11,555 84.5%
Tax Rs m 1,535 2,832 84.4%
Profit after tax Rs m 4,728 8,724 84.5%
Gross profit margin % 11.2 16.0
Effective tax rate % 24.5 24.5
Net profit margin % 8.0 12.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



FREE TRANSCRIPT: See How Richa Picks Potentially Crorepati-Making Stocks...

ESCORTS LIMITED Balance Sheet Analysis

  • The company's current liabilities during FY21 down at Rs 17 billion as compared to Rs 18 billion in FY20, thereby witnessing an decrease of -4.5%.
  • Long-term debt down at Rs 17 million as compared to Rs 27 million during FY20, a fall of 36.1%.
  • Current assets rose 59% and stood at Rs 46 billion, while fixed assets rose 7% and stood at Rs 22 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 69 billion as against Rs 50 billion during FY20, thereby witnessing a growth of 37%.

ESCORTS LIMITED Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 31,103 50,070 61.0
 
Current Liabilities Rs m 17,755 16,951 -4.5
Long-term Debt Rs m 27 17 -36.1
Total Liabilities Rs m 50,140 68,782 37.2
 
Current assets Rs m 29,109 46,342 59.2
Fixed Assets Rs m 21,030 22,440 6.7
Total Assets Rs m 50,140 68,782 37.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



ESCORTS LIMITED Cash Flow Statement Analysis

  • ESCORTS LIMITED's cash flow from operating activities (CFO) during FY21 stood at Rs 11 billion, an improvement of 41.9% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs -22 billion, an improvement of 420.7% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs 10 billion, an improvement of 434% on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs -632 million from the Rs 758 million net cash flows seen during FY20.

ESCORTS LIMITED 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 7,972 11,313 41.9%
Cash Flow from Investing Activities Rs m -4,212 -21,936 -
Cash Flow from Financing Activities Rs m -3,005 10,033 -
Net Cash Flow Rs m 758 -632 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for ESCORTS LIMITED

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 64.7, an improvement from the EPS of Rs 38.6 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 1,255.7, stands at 17.5 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 2.7 times, while the price to sales ratio stands at 1.9 times.
  • The company's price to cash flow (P/CF) ratio stood at 17.1 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 474.0 520.2
TTM Earnings per share Rs 38.6 64.7
Diluted earnings per share Rs 35.1 64.7
Price to Cash Flow x 26.5 17.1
TTM P/E ratio x 15.9 17.5
Price / Book Value ratio x 2.6 2.7
Market Cap Rs m 153,920 169,312
Dividends per share (Unadj.) Rs 2.5 7.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for ESCORTS LIMITED

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 2.7x during FY21, from 1.6x 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 87.6x during FY21, from 37.4x 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 17.4% during FY21, from 15.2% 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 23.3% during FY21, from 20.7% 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 12.9% during FY21, from 9.8% 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 1.6 2.7
Debtors’ Days Days 5 3
Interest coverage x 37.4 87.6
Debt to equity ratio x 0.0 0.0
Return on assets % 9.8 12.9
Return on equity % 15.2 17.4
Return on capital employed % 20.7 23.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how ESCORTS LIMITED has performed over the last 5 years, please visit here.

ESCORTS LIMITED Share Price Performance

Over the last one year, ESCORTS LIMITED share price has moved up from Rs 1,118.0 to Rs 1,255.7, registering a gain of Rs 137.8 or around 12.3%.

Meanwhile, the S&P BSE AUTO Index is trading at Rs 22,695.9 (down 0.1%). Over the last one year it has moved up from 17,599.0 to 22,695.9, a gain of 5,097 points (up 29.0%).

Overall, the S&P BSE SENSEX is up 43.5% over the year.

(To know more, check out historical annual results for ESCORTS LIMITED and quarterly results for ESCORTS LIMITED)

Equitymaster requests your view! Post a comment on "ESCORTS LIMITED 2020-21 Annual Report Analysis". Click here!

  

Related Views on News

ESCORTS LIMITED Announces Quarterly Results (1QFY22); Net Profit Up 100.8% (Quarterly Result Update)

Aug 9, 2021 | Updated on Aug 9, 2021

For the quarter ended June 2021, ESCORTS LIMITED has posted a net profit of Rs 2 bn (up 100.8% YoY). Sales on the other hand came in at Rs 17 bn (up 56.2% YoY). Read on for a complete analysis of ESCORTS LIMITED's quarterly results.

ESCORTS LIMITED Announces Quarterly Results (3QFY21); Net Profit Up 83.4% (Quarterly Result Update)

Feb 5, 2021 | Updated on Feb 5, 2021

For the quarter ended December 2020, ESCORTS LIMITED has posted a net profit of Rs 3 bn (up 83.4% YoY). Sales on the other hand came in at Rs 20 bn (up 23.5% YoY). Read on for a complete analysis of ESCORTS LIMITED's quarterly results.

Hero MotoCorp's Manufacturing Halt and Electric Vehicle Shift (Company Info)

Apr 22, 2021

Key reasons why the stock of Hero MotoCorp is in focus today.

More Views on News

Most Popular

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.

Time to Buy Energy Stocks(Fast Profits Daily)

Jan 14, 2022

Energy is a sector that looks set to take off. It's time to get in.

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 ESCORTS LIMITED

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

MORE ON ESCORTS LIMITED

ESCORTS LIMITED - HMT COMPARISON

COMPARE ESCORTS LIMITED WITH

MARKET STATS