FIRSTSOURCE SOL. 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.
No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | % Change | |
---|---|---|---|---|
Net Sales | Rs m | 35,556 | 35,353 | -0.6% |
Other income | Rs m | 32 | 54 | 69.2% |
Total Revenues | Rs m | 35,588 | 35,407 | -0.5% |
Gross profit | Rs m | 4,380 | 4,589 | 4.8% |
Depreciation | Rs m | 590 | 659 | 11.8% |
Interest | Rs m | 453 | 404 | -10.9% |
Profit before tax | Rs m | 3,369 | 3,580 | 6.3% |
Tax | Rs m | 577 | 314 | -45.5% |
Profit after tax | Rs m | 2,792 | 3,266 | 17.0% |
Gross profit margin | % | 12.3 | 13.0 | |
Effective tax rate | % | 17.1 | 8.8 | |
Net profit margin | % | 7.8 | 9.2 |
No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | % Change | |
---|---|---|---|---|
Networth | Rs m | 20,280 | 23,518 | 16.0 |
Current Liabilities | Rs m | 9,121 | 9,826 | 7.7 |
Long-term Debt | Rs m | 3,580 | 142 | -96.0 |
Total Liabilities | Rs m | 33,506 | 33,976 | 1.4 |
Current assets | Rs m | 7,843 | 7,891 | 0.6 |
Fixed Assets | Rs m | 1,497 | 1,510 | 0.9 |
Total Assets | Rs m | 33,506 | 33,976 | 1.4 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Mar-17 | Mar-18 | ||
Cash Flow from Operating Activities | Rs m | 1,998 | 3,151 | 57.7% |
Cash Flow from Investing Activities | Rs m | -2,315 | 916 | - |
Cash Flow from Financing Activities | Rs m | 35 | -3,268 | - |
Net Cash Flow | Rs m | -299 | 843 | - |
No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 52.2 | 51.5 |
TTM Earnings per share | Rs | 4.1 | 4.8 |
Diluted earnings per share | Rs | 4.2 | 4.9 |
Price to Cash Flow | x | 9.0 | 7.6 |
TTM P/E ratio | x | 8.2 | 8.0 |
Price / Book Value ratio | x | 1.4 | 1.3 |
Market Cap | Rs m | 30,591 | 29,916 |
Dividends per share (Unadj.) | Rs | 0.0 | 1.5 |
Current Ratio: The company's current ratio deteriorated and stood at 0.8x during FY18, from 0.9x 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 improved and stood at 9.9x during FY18, from 8.4x 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.
Return on Equity (ROE): The ROE for the company improved and stood at 13.9% during FY18, from 13.8% 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 improved and stood at 16.8% during FY18, from 16.0% 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 improved and stood at 10.8% during FY18, from 9.7% during FY17. The ROA measures how efficiently the company uses its assets to generate earnings.
No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | |
---|---|---|---|
Current ratio | x | 0.9 | 0.8 |
Debtors’ Days | Days | 31 | 39 |
Interest coverage | x | 8.4 | 9.9 |
Debt to equity ratio | x | 0.2 | 0.0 |
Return on assets | % | 9.7 | 10.8 |
Return on equity | % | 13.8 | 13.9 |
Return on capital employed | % | 16.0 | 16.8 |
To see how FIRSTSOURCE SOL. has performed over the last 5 years, please visit here.
Over the last one year, FIRSTSOURCE SOL. share price has moved up from Rs 49.7 to Rs 44.9, registering a loss of Rs 4.8 or around 9.6%.
Meanwhile, the S&P BSE IT Index is trading at Rs 15,173.7 (up 0.1%). Over the last one year it has moved up from 12,317.8 to 15,173.7, a gain of 2,856 points (up 23.2%).
Overall, the S&P BSE SENSEX is up 13.4% over the year.
(To know more, check out historical annual results for FIRSTSOURCE SOL. and quarterly results for FIRSTSOURCE SOL.)
Share price of the company witnessed upward rally in the last trading session even as share markets remained volatile.
For the quarter ended September 2019, FIRSTSOURCE SOL. has posted a net profit of Rs 674 m (down 27.4% YoY). Sales on the other hand came in at Rs 10 bn (up 3.2% YoY). Read on for a complete analysis of FIRSTSOURCE SOL.'s quarterly results.
For the quarter ended June 2019, FIRSTSOURCE SOL. has posted a net profit of Rs 912 m (up 2.9% YoY). Sales on the other hand came in at Rs 10 bn (up 6.6% YoY). Read on for a complete analysis of FIRSTSOURCE SOL.'s quarterly results.
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