EVEREST INDUSTRIES 2018-19 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?  

EVEREST INDUSTRIES 2018-19 Annual Report Analysis
Mon, 23 Sep

EVEREST INDUSTRIES has announced its results for the year ended March 2019. Let us have a look at the detailed performance review of the company during FY18-19.

EVEREST INDUSTRIES Income Statement Analysis

  • Operating income during the year rose 13.2% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 16.3% YoY during the fiscal. Operating profit margins witnessed a fall and down at 7.4% in FY19 as against 7.2% in FY18.
  • Depreciation charges decreased by 12.7% and finance costs decreased by 39.4% YoY, respectively.
  • Other income declined by 35.6% YoY.
  • Net profit for the year grew by 16.6% YoY.
  • Net profit margins during the year grew from 4.2% in FY18 to 4.4% in FY19.

EVEREST INDUSTRIES Income Statement 2018-19

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Net Sales Rs m 12,441 14,083 13.2%
Other income Rs m 100 65 -35.6%
Total Revenues Rs m 12,542 14,148 12.8%
Gross profit Rs m 899 1,046 16.3%
Depreciation Rs m 236 206 -12.7%
Interest Rs m 126 76 -39.4%
Profit before tax Rs m 638 829 29.9%
Tax Rs m 108 210 95.4%
Profit after tax Rs m 531 619 16.6%
Gross profit margin % 7.2 7.4
Effective tax rate % 16.8 25.4
Net profit margin % 4.2 4.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



EVEREST INDUSTRIES Balance Sheet Analysis

  • The company's current liabilities during FY19 stood at Rs 4 billion as compared to Rs 3 billion in FY18, thereby witnessing an increase of 15.7%.
  • Long-term debt down at Rs 467 million as compared to Rs 511 million during FY18, a fall of 8.7%.
  • Current assets rose 28% and stood at Rs 5 billion, while fixed assets rose 0% and stood at Rs 4 billion in FY19.
  • Overall, the total assets and liabilities for FY19 stood at Rs 9 billion as against Rs 8 billion during FY18, thereby witnessing a growth of 12%.

EVEREST INDUSTRIES Balance Sheet as on March 2019

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Networth Rs m 3,981 4,514 13.4
 
Current Liabilities Rs m 3,242 3,750 15.7
Long-term Debt Rs m 511 467 -8.7
Total Liabilities Rs m 8,021 9,021 12.5
 
Current assets Rs m 3,884 4,990 28.5
Fixed Assets Rs m 3,611 3,627 0.4
Total Assets Rs m 8,021 9,021 12.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



EVEREST INDUSTRIES Cash Flow Statement Analysis

  • EVEREST INDUSTRIES's cash flow from operating activities (CFO) during FY19 stood at Rs 346 million on a YoY basis.
  • Cash flow from investing activities (CFI) during FY19 stood at Rs -223 million, an improvement of 41.9% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY19 stood at Rs -160 million, an improvement of 87% on a YoY basis.
  • Overall, net cash flows for the company during FY19 stood at Rs -36 million from the Rs 94 million net cash flows seen during FY18.

EVEREST INDUSTRIES Cash Flow Statement 2018-19

Particulars No. of months 12 12 % Change
Year Ending Mar-18 Mar-19
Cash Flow from Operating Activities Rs m 1,481 346 -76.6%
Cash Flow from Investing Activities Rs m -157 -223 -
Cash Flow from Financing Activities Rs m -1,230 -160 -
Net Cash Flow Rs m 94 -36 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for EVEREST INDUSTRIES

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 39.5, an improvement from the EPS of Rs 33.9 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 346.0, stands at 8.8 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 1.7 times, while the price to sales ratio stands at 0.5 times.
  • The company's price to cash flow (P/CF) ratio stood at 6.4 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-18* 12 Mar-19*
Sales per share (Unadj.) Rs 796.0 900.5
TTM Earnings per share Rs 33.9 39.5
Diluted earnings per share Rs 34.7 40.5
Price to Cash Flow x 7.1 6.4
TTM P/E ratio x 9.0 8.8
Price / Book Value ratio x 1.7 1.7
Market Cap Rs m 5,408 5,290
Dividends per share (Unadj.) Rs 6.5 7.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for EVEREST INDUSTRIES

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.3x during FY19, from 1.2x during FY18. 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 11.9x during FY19, from 6.1x during FY18. 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 13.7% during FY19, from 13.3% during FY19. 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 18.2% during FY19, from 17.0% during FY18. 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 7.7% during FY19, from 8.2% during FY18. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-18* 12 Mar-19*
Current ratio x 1.2 1.3
Debtors’ Days Days 21 26
Interest coverage x 6.1 11.9
Debt to equity ratio x 0.1 0.1
Return on assets % 8.2 7.7
Return on equity % 13.3 13.7
Return on capital employed % 17.0 18.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



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

EVEREST INDUSTRIES Share Price Performance

Over the last one year, EVEREST INDUSTRIES share price has moved down from Rs 526.2 to Rs 346.0, registering a loss of Rs 180.2 or around 34.2%.

Overall, the S&P BSE SENSEX is up 5.3% over the year.

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

Equitymaster requests your view! Post a comment on "EVEREST INDUSTRIES 2018-19 Annual Report Analysis". Click here!

  

Related Views on News

EVEREST INDUSTRIES Announces Quarterly Results (2QFY20); Net Profit Down 173.9% (Quarterly Result Update)

Oct 29, 2019 | Updated on Oct 29, 2019

For the quarter ended September 2019, EVEREST INDUSTRIES has posted a net profit of Rs 64 m (down 173.9% YoY). Sales on the other hand came in at Rs 3 bn (down 8.5% YoY). Read on for a complete analysis of EVEREST INDUSTRIES's quarterly results.

EVEREST INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Down 14.4% (Quarterly Result Update)

Jul 25, 2019 | Updated on Jul 25, 2019

For the quarter ended June 2019, EVEREST INDUSTRIES has posted a net profit of Rs 251 m (down 14.4% YoY). Sales on the other hand came in at Rs 4 bn (up 3.5% YoY). Read on for a complete analysis of EVEREST INDUSTRIES's quarterly results.

EVEREST INDUSTRIES 2017-18 Annual Report Analysis (Annual Result Update)

Dec 20, 2018 | Updated on Dec 20, 2018

Here's an analysis of the annual report of EVEREST INDUSTRIES for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of EVEREST INDUSTRIES. Also includes updates on the valuation of EVEREST INDUSTRIES.

More Views on News

Most Popular

This Crorepati Stock Could Be the Best Vaccine for Your Portfolio Against Coronavirus(Profit Hunter)

Mar 17, 2020

If there is one stock I had to recommend you amid Coronavirus outbreak, this would be it.

If I Were to Recommend One Stock Amid Coronavirus Outbreak, This Would be It.(Profit Hunter)

Mar 19, 2020

Coronavirus outbreak has made no impact on the long term prospects of my favourite smallcap. What it has indeed done is brought the company below my buy price, making it even more attractive investment at current price.

Why India Will Be the Biggest Winner in a Post-Coronavirus World(The 5 Minute Wrapup)

Mar 19, 2020

The way businesses operate will change in a major way post the coronavirus impact. Here's why India stands to benefit from this change...

A Big Trading Opportunity is Coming Your Way Soon(Fast Profits Daily)

Mar 25, 2020

I see a big opportunity to make fast profits on the horizon.

The Biggest Trading Opportunity of 2020 is Here...

Mar 26, 2020

India's #1 trader, Vijay Bhambwani, talks about a hugely profitable trading opportunity which you must know about today!

More

How to Trade the
Coronavirus Crash

Coronavirus Crash
Get this special report, authored by Equitymaster's top analysts, now.
We will never sell or rent your email id.
Please read our Terms

TRACK EVEREST INDUSTRIES

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

MORE ON EVEREST INDUSTRIES

EVEREST INDUSTRIES - LAFARGE COMPARISON

COMPARE EVEREST INDUSTRIES WITH

MARKET STATS