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GALAXY SURFACTANTS 2020-21 Annual Report Analysis
Wed, 31 Mar

GALAXY SURFACTANTS 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.

GALAXY SURFACTANTS Income Statement Analysis

  • Operating income during the year rose 7.2% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 21.8% YoY during the fiscal. Operating profit margins witnessed a fall and down at 16.1% in FY21 as against 14.2% in FY20.
  • Depreciation charges increased by 18.9% and finance costs decreased by 43.6% YoY, respectively.
  • Other income grew by 64.2% YoY.
  • Net profit for the year grew by 31.1% YoY.
  • Net profit margins during the year grew from 8.9% in FY20 to 10.9% in FY21.

GALAXY SURFACTANTS Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 25,964 27,841 7.2%
Other income Rs m 74 122 64.2%
Total Revenues Rs m 26,038 27,963 7.4%
Gross profit Rs m 3,674 4,475 21.8%
Depreciation Rs m 622 740 18.9%
Interest Rs m 238 134 -43.6%
Profit before tax Rs m 2,888 3,723 28.9%
Tax Rs m 584 702 20.1%
Profit after tax Rs m 2,304 3,021 31.1%
Gross profit margin % 14.2 16.1
Effective tax rate % 20.2 18.8
Net profit margin % 8.9 10.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Read Now: We're Bullish on 2 Non-Nifty Stocks

GALAXY SURFACTANTS Balance Sheet Analysis

  • The company's current liabilities during FY21 stood at Rs 6 billion as compared to Rs 6 billion in FY20, thereby witnessing an increase of 8.9%.
  • Long-term debt down at Rs 774 million as compared to Rs 1 billion during FY20, a fall of 33.6%.
  • Current assets rose 24% and stood at Rs 12 billion, while fixed assets rose 2% and stood at Rs 9 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 20 billion as against Rs 18 billion during FY20, thereby witnessing a growth of 13%.

GALAXY SURFACTANTS Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 10,678 13,014 21.9
 
Current Liabilities Rs m 5,692 6,201 8.9
Long-term Debt Rs m 1,166 774 -33.6
Total Liabilities Rs m 18,118 20,488 13.1
 
Current assets Rs m 9,350 11,577 23.8
Fixed Assets Rs m 8,769 8,911 1.6
Total Assets Rs m 18,118 20,488 13.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



GALAXY SURFACTANTS Cash Flow Statement Analysis

  • GALAXY SURFACTANTS 's cash flow from operating activities (CFO) during FY21 stood at Rs 4 billion, an improvement of 15.6% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs -2 billion, an improvement of 9.2% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -2 billion on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs 338 million from the Rs 227 million net cash flows seen during FY20.

GALAXY SURFACTANTS 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 3,159 3,651 15.6%
Cash Flow from Investing Activities Rs m -1,508 -1,647 -
Cash Flow from Financing Activities Rs m -1,438 -1,650 -
Net Cash Flow Rs m 227 338 49.1%
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for GALAXY SURFACTANTS

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 85.2, an improvement from the EPS of Rs 65.0 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 2,555.2, stands at 30.0 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 7.0 times, while the price to sales ratio stands at 3.3 times.
  • The company's price to cash flow (P/CF) ratio stood at 17.3 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 732.4 785.3
TTM Earnings per share Rs 65.0 85.2
Diluted earnings per share Rs 65.0 85.2
Price to Cash Flow x 14.2 17.3
TTM P/E ratio x 18.0 30.0
Price / Book Value ratio x 4.6 5.0
Market Cap Rs m 49,016 65,166
Dividends per share (Unadj.) Rs 14.0 18.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for GALAXY SURFACTANTS

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.9x 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 28.7x during FY21, from 13.1x 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 23.2% during FY21, from 21.6% 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 28.0% during FY21, from 26.4% 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 15.4% during FY21, from 14.0% 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 1.9
Debtors’ Days Days 6 6
Interest coverage x 13.1 28.7
Debt to equity ratio x 0.1 0.1
Return on assets % 14.0 15.4
Return on equity % 21.6 23.2
Return on capital employed % 26.4 28.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how GALAXY SURFACTANTS has performed over the last 5 years, please visit here.

GALAXY SURFACTANTS Share Price Performance

Over the last one year, GALAXY SURFACTANTS share price has moved up from Rs 1,172.6 to Rs 2,555.2, registering a gain of Rs 1,382.7 or around 117.9%.

Overall, the S&P BSE SENSEX is up 74.1% over the year.

(To know more, check out historical annual results for GALAXY SURFACTANTS and quarterly results for GALAXY SURFACTANTS )

Annual Report FAQs

What is the current share price of GALAXY SURFACTANTS ?

GALAXY SURFACTANTS currently trades at Rs 2,269.5 per share. You can check out the latest share price performance of GALAXY SURFACTANTS here...

What was the revenue of GALAXY SURFACTANTS in FY21? How does it compare to earlier years?

The revenues of GALAXY SURFACTANTS stood at Rs 27,963 m in FY21, which was up 7.4% compared to Rs 26,038 m reported in FY20.

GALAXY SURFACTANTS 's revenue has grown from Rs 20,851 m in FY17 to Rs 27,963 m in FY21.

Over the past 5 years, the revenue of GALAXY SURFACTANTS has grown at a CAGR of 7.6%.

What was the net profit of GALAXY SURFACTANTS in FY21? How does it compare to earlier years?

The net profit of GALAXY SURFACTANTS stood at Rs 3,021 m in FY21, which was up 31.1% compared to Rs 2,304 m reported in FY20.

This compares to a net profit of Rs 1,910 m in FY19 and a net profit of Rs 1,580 m in FY18.

Over the past 5 years, GALAXY SURFACTANTS net profit has grown at a CAGR of 19.6%.

What does the cash flow statement of GALAXY SURFACTANTS reveal?

The cash flow statement is the financial statement that presents the cash inflows and outflows of a company during a given period of time.

This statement is one of the most useful tools for judging a company's liquidity position. The ratios and parameters in this statement helps test a company's financial health.

The cash flow statement of GALAXY SURFACTANTS reveals:

  • Cash flow from operations increased in FY21 and stood at Rs 3,651 m as compared to Rs 3,159 m in FY20.
  • Cash flow from investments decreased in FY21 and stood at Rs -1,647 m as compared to Rs -1,508 m in FY20.
  • Cash flow from financial activity decreased in FY21 and stood at Rs -1,650 m as compared to Rs -1,438 m in FY20.

Here's the cash flow statement of GALAXY SURFACTANTS for the past 5 years.

(Rs m)FY17FY18FY19FY20FY21
From Operations1,1101,4542,8293,1593,651
From Investments-426-546-1,673-1,508-1,647
From Financial Activity-570-897-1,192-1,438-1,650
Net Cashflow11014-20227338

What does the Key Ratio analysis of GALAXY SURFACTANTS reveal?

Be it the company's profitability, operations effectiveness or utilization of funds, ratio analysis is an important tool which helps in making investment decisions.

The ratio/financial analysis of GALAXY SURFACTANTS reveals:

  • Operating profit margins witnessed a fall and down at 16.1% in FY21 as against 14.2% in FY20.
  • Net profit margins grew from 8.9% in FY20 to 10.9% in FY21.
  • Debt to Equity ratio for FY21 stood at 0.1 as compared to 0.1 in FY20.

Here's the ratio/financial analysis of GALAXY SURFACTANTS for the past 5 years.

 FY17FY18FY19FY20FY21
Operating Profit Margin (%)13.112.012.614.216.1
Net Profit Margin (%)7.16.66.98.910.9
Debt to Equity Ratio (x)0.20.10.10.10.1

Read: Latest Annual Report Analysis of GALAXY SURFACTANTS

 

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