GABRIEL INDIA 2020-21 Annual Report Analysis

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GABRIEL INDIA 2020-21 Annual Report Analysis
Mon, 1 Nov

GABRIEL INDIA 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.

GABRIEL INDIA Income Statement Analysis

  • Operating income during the year fell 9.1% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 21.9% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 6.3% in FY21 as against 7.4% in FY20.
  • Depreciation charges decreased by 2.9% and finance costs increased by 83.2% YoY, respectively.
  • Other income grew by 98.1% YoY.
  • Net profit for the year declined by 28.8% YoY.
  • Net profit margins during the year declined from 4.5% in FY20 to 3.5% in FY21.

GABRIEL INDIA Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 18,700 16,999 -9.1%
Other income Rs m 97 192 98.1%
Total Revenues Rs m 18,797 17,191 -8.5%
Gross profit Rs m 1,378 1,076 -21.9%
Depreciation Rs m 436 424 -2.9%
Interest Rs m 36 66 83.2%
Profit before tax Rs m 1,003 779 -22.3%
Tax Rs m 156 176 13.3%
Profit after tax Rs m 847 603 -28.8%
Gross profit margin % 7.4 6.3
Effective tax rate % 15.5 22.6
Net profit margin % 4.5 3.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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GABRIEL INDIA Balance Sheet Analysis

  • The company's current liabilities during FY21 stood at Rs 5 billion as compared to Rs 3 billion in FY20, thereby witnessing an increase of 63.5%.
  • Long-term debt stood at Rs 129 million as compared to Rs 78 million during FY20, a growth of 65.1%.
  • Current assets rose 57% and stood at Rs 8 billion, while fixed assets fell 5% and stood at Rs 6 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 14 billion as against Rs 11 billion during FY20, thereby witnessing a growth of 23%.

GABRIEL INDIA Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 6,518 6,963 6.8
 
Current Liabilities Rs m 2,880 4,709 63.5
Long-term Debt Rs m 78 129 65.1
Total Liabilities Rs m 11,313 13,890 22.8
 
Current assets Rs m 5,056 7,925 56.7
Fixed Assets Rs m 6,257 5,965 -4.7
Total Assets Rs m 11,313 13,890 22.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



GABRIEL INDIA Cash Flow Statement Analysis

  • GABRIEL INDIA's cash flow from operating activities (CFO) during FY21 stood at Rs 2 billion, an improvement of 70.1% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs -919 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -217 million, an improvement of 22% on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs 908 million from the Rs -39 million net cash flows seen during FY20.

GABRIEL INDIA 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 1,201 2,043 70.1%
Cash Flow from Investing Activities Rs m -962 -919 -
Cash Flow from Financing Activities Rs m -279 -217 -
Net Cash Flow Rs m -39 908 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for GABRIEL INDIA

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 4.2, an decline from the EPS of Rs 5.9 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 152.7, stands at 22.8 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 1.9 times, while the price to sales ratio stands at 0.8 times.
  • The company's price to cash flow (P/CF) ratio stood at 21.4 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 130.2 118.3
TTM Earnings per share Rs 5.9 4.2
Diluted earnings per share Rs 5.9 4.2
Price to Cash Flow x 17.1 21.4
TTM P/E ratio x 22.8 22.8
Price / Book Value ratio x 2.1 1.9
Market Cap Rs m 21,934 21,934
Dividends per share (Unadj.) Rs 1.3 0.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for GABRIEL INDIA

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 1.7x during FY21, from 1.8x 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 deteriorated and stood at 12.9x during FY21, from 29.0x 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 declined and down at 8.7% during FY21, from 13.0% 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 declined and down at 11.9% during FY21, from 15.7% 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 declined and down at 4.8% during FY21, from 7.8% 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 1.8 1.7
Debtors’ Days Days 46 63
Interest coverage x 29.0 12.9
Debt to equity ratio x 0.0 0.0
Return on assets % 7.8 4.8
Return on equity % 13.0 8.7
Return on capital employed % 15.7 11.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, 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 up from Rs 94.5 to Rs 152.7, registering a gain of Rs 58.2 or around 61.6%.

Overall, the S&P BSE SENSEX is up 50.7% over the year.

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

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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.

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