GABRIEL INDIA 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?  

GABRIEL INDIA 2018-19 Annual Report Analysis
Tue, 23 Jul

GABRIEL INDIA 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.

GABRIEL INDIA Income Statement Analysis

  • Operating income during the year rose 13.3% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 3.8% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 8.6% in FY19 as against 9.3% in FY18.
  • Depreciation charges increased by 7.2% and finance costs increased by 1.4% YoY, respectively.
  • Other income grew by 30.5% YoY.
  • Net profit for the year grew by 0.8% YoY.
  • Net profit margins during the year declined from 5.1% in FY18 to 4.6% in FY19.

GABRIEL INDIA Income Statement 2018-19

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Net Sales Rs m 18,331 20,765 13.3%
Other income Rs m 71 92 30.5%
Total Revenues Rs m 18,402 20,857 13.3%
Gross profit Rs m 1,713 1,778 3.8%
Depreciation Rs m 383 411 7.2%
Interest Rs m 29 29 1.4%
Profit before tax Rs m 1,372 1,431 4.3%
Tax Rs m 429 481 12.0%
Profit after tax Rs m 942 950 0.8%
Gross profit margin % 9.3 8.6
Effective tax rate % 31.3 33.6
Net profit margin % 5.1 4.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



GABRIEL INDIA Balance Sheet Analysis

  • The company's current liabilities during FY19 down at Rs 3 billion as compared to Rs 3 billion in FY18, thereby witnessing an decrease of -1.1%.
  • Long-term debt down at Rs 70 million as compared to Rs 72 million during FY18, a fall of 3.2%.
  • Current assets rose 2% and stood at Rs 6 billion, while fixed assets rose 16% and stood at Rs 4 billion in FY19.
  • Overall, the total assets and liabilities for FY19 stood at Rs 10 billion as against Rs 9 billion during FY18, thereby witnessing a growth of 7%.

GABRIEL INDIA Balance Sheet as on March 2019

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Networth Rs m 5,249 5,900 12.4
 
Current Liabilities Rs m 3,393 3,356 -1.1
Long-term Debt Rs m 72 70 -3.2
Total Liabilities Rs m 9,030 9,692 7.3
 
Current assets Rs m 5,613 5,723 2.0
Fixed Assets Rs m 3,066 3,545 15.6
Total Assets Rs m 9,030 9,692 7.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



GABRIEL INDIA Cash Flow Statement Analysis

  • GABRIEL INDIA's cash flow from operating activities (CFO) during FY19 stood at Rs 928 million on a YoY basis.
  • Cash flow from investing activities (CFI) during FY19 stood at Rs -749 million, an improvement of 17.9% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY19 stood at Rs -311 million on a YoY basis.
  • Overall, net cash flows for the company during FY19 stood at Rs -132 million from the Rs 140 million net cash flows seen during FY18.

GABRIEL INDIA 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 1,038 928 -10.5%
Cash Flow from Investing Activities Rs m -635 -749 -
Cash Flow from Financing Activities Rs m -262 -311 -
Net Cash Flow Rs m 140 -132 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for GABRIEL INDIA

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 6.6, an improvement from the EPS of Rs 6.6 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 100.0, stands at 15.1 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 3.5 times, while the price to sales ratio stands at 1.0 times.
  • The company's price to cash flow (P/CF) ratio stood at 10.6 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 127.6 144.6
TTM Earnings per share Rs 6.6 6.6
Diluted earnings per share Rs 6.6 6.6
Price to Cash Flow x 10.8 10.6
TTM P/E ratio x 15.1 15.1
Price / Book Value ratio x 4.7 3.5
Market Cap Rs m 14,364 14,364
Dividends per share (Unadj.) Rs 1.4 1.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for GABRIEL INDIA

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.7x during FY19, from 1.7x 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 49.8x during FY19, from 48.5x 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 declined and down at 16.1% during FY19, from 18.0% 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 declined and down at 24.5% during FY19, from 26.3% 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 10.1% during FY19, from 10.8% 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 1.7 1.7
Debtors’ Days Days 56 50
Interest coverage x 48.5 49.8
Debt to equity ratio x 0.0 0.0
Return on assets % 10.8 10.1
Return on equity % 18.0 16.1
Return on capital employed % 26.3 24.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



To see how GABRIEL INDIA has performed over the last 5 years, please visit here.

GABRIEL INDIA Share Price Performance

Over the last one year, GABRIEL INDIA share price has moved down from Rs 141.4 to Rs 100.0, registering a loss of Rs 41.4 or around 29.3%.

Overall, the S&P BSE SENSEX is up 3.8% over the year.

(To know more, check out historical annual results for GABRIEL INDIA and quarterly results for GABRIEL INDIA)

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

  

Related Views on News

GABRIEL INDIA Announces Quarterly Results (1QFY21); Net Profit Down 207.7% (Quarterly Result Update)

Aug 10, 2020 | Updated on Aug 10, 2020

For the quarter ended June 2020, GABRIEL INDIA has posted a net profit of Rs 238 m (down 207.7% YoY). Sales on the other hand came in at Rs 1 bn (down 76.2% YoY). Read on for a complete analysis of GABRIEL INDIA's quarterly results.

GABRIEL INDIA Announces Quarterly Results (4QFY20); Net Profit Up 53.7% (Quarterly Result Update)

May 20, 2020 | Updated on May 20, 2020

For the quarter ended March 2020, GABRIEL INDIA has posted a net profit of Rs 266 m (up 53.7% YoY). Sales on the other hand came in at Rs 4 bn (down 16.8% YoY). Read on for a complete analysis of GABRIEL INDIA's quarterly results.

More Views on News

Most Popular

This Diwali Consider Richa's #1 Stock Pick for 2021(Profit Hunter)

Nov 13, 2020

Why I admire the approach that Richa uses to zero in on stocks with huge upside potential.

Don't Let Brokerages Fool You into Buying HUL & Nestle. The Real Money is in These Stocks Right Now...(Views On News)

Nov 12, 2020

Rahul Shah discusses why he preferred a little known stock over Nestle Ltd and how he was proven right.

How to Short Sell the Right Way(Fast Profits Daily)

Nov 13, 2020

In this video, I'll show you how to short sell effectively.

Stocks that Could Shine More than Gold After Diwali(Profit Hunter)

Nov 17, 2020

If the markets become volatile over the next few months, do this.

US Elections: Won a Battle, Now the War(The Honest Truth)

Nov 13, 2020

Ajit Dayal on the urgent need to fix the disparity between the rich and the poor in the US.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
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 GABRIEL INDIA

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

GABRIEL INDIA 8-QTR ANALYSIS

COMPARE GABRIEL INDIA WITH

MARKET STATS