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BUTTERFLY GANDHIMATHI 2022-23 Annual Report Analysis
Thu, 15 Jun

BUTTERFLY GANDHIMATHI has announced its results for the year ended March 2023. Let us have a look at the detailed performance review of the company during FY22-23.

BUTTERFLY GANDHIMATHI Income Statement Analysis

  • Operating income during the year rose 10.1% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 86.9% YoY during the fiscal. Operating profit margins witnessed a fall and down at 9.2% in FY23 as against 5.4% in FY22.
  • Depreciation charges increased by 4.4% and finance costs decreased by 47.4% YoY, respectively.
  • Other income grew by 239.3% YoY.
  • Net profit for the year grew by 220.4% YoY.
  • Net profit margins during the year grew from 1.7% in FY22 to 4.9% in FY23.

BUTTERFLY GANDHIMATHI Income Statement 2022-23

No. of Mths Year Ending 12 Mar-22* 12 Mar-23* % Change
Net Sales Rs m 9,599 10,566 10.1%
Other income Rs m 19 66 239.3%
Total Revenues Rs m 9,618 10,631 10.5%
Gross profit Rs m 520 972 86.9%
Depreciation Rs m 155 162 4.4%
Interest Rs m 137 72 -47.4%
Profit before tax Rs m 248 805 224.9%
Tax Rs m 86 288 233.3%
Profit after tax Rs m 161 517 220.4%
Gross profit margin % 5.4 9.2
Effective tax rate % 34.9 35.8
Net profit margin % 1.7 4.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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BUTTERFLY GANDHIMATHI Balance Sheet Analysis

  • The company's current liabilities during FY23 down at Rs 2 billion as compared to Rs 3 billion in FY22, thereby witnessing an decrease of -20.0%.
  • Current assets rose 1% and stood at Rs 4 billion, while fixed assets fell 3% and stood at Rs 2 billion in FY23.
  • Overall, the total assets and liabilities for FY23 stood at Rs 5 billion as against Rs 5 billion during FY22, thereby witnessing a fall of 0%.

BUTTERFLY GANDHIMATHI Balance Sheet as on March 2023

No. of Mths Year Ending 12 Mar-22* 12 Mar-23* % Change
Networth Rs m 2,350 2,856 21.5
 
Current Liabilities Rs m 2,800 2,239 -20.0
Long-term Debt Rs m 46 0 -100.0
Total Liabilities Rs m 5,250 5,246 -0.1
 
Current assets Rs m 3,482 3,526 1.3
Fixed Assets Rs m 1,769 1,720 -2.8
Total Assets Rs m 5,250 5,246 -0.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



BUTTERFLY GANDHIMATHI Cash Flow Statement Analysis

  • BUTTERFLY GANDHIMATHI's cash flow from operating activities (CFO) during FY23 stood at Rs 1 billion on a YoY basis.
  • Cash flow from investing activities (CFI) during FY23 stood at Rs -294 million, an improvement of 63.7% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY23 stood at Rs -607 million on a YoY basis.
  • Overall, net cash flows for the company during FY23 stood at Rs 315 million from the Rs -318 million net cash flows seen during FY22.

BUTTERFLY GANDHIMATHI Cash Flow Statement 2022-23

Particulars No. of months 12 12 % Change
Year Ending Mar-22 Mar-23
Cash Flow from Operating Activities Rs m -212 1,216 -
Cash Flow from Investing Activities Rs m -179 -294 -
Cash Flow from Financing Activities Rs m 74 -607 -
Net Cash Flow Rs m -318 315 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for BUTTERFLY GANDHIMATHI

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 28.9, an improvement from the EPS of Rs 9.0 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 1,199.0, stands at 41.5 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 7.5 times, while the price to sales ratio stands at 2.0 times.
  • The company's price to cash flow (P/CF) ratio stood at 38.6 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-22* 12 Mar-23*
Sales per share (Unadj.) Rs 536.8 590.9
TTM Earnings per share Rs 9.0 28.9
Diluted earnings per share Rs 9.0 28.9
Price to Cash Flow x 78.6 38.6
TTM P/E ratio x 154.1 41.5
Price / Book Value ratio x 7.4 9.2
Market Cap Rs m 17,343 26,178
Dividends per share (Unadj.) Rs 3.0 0.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for BUTTERFLY GANDHIMATHI

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.6x during FY23, from 1.2x during FY22. 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 12.1x during FY23, from 2.8x during FY22. 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 18.1% during FY23, from 6.9% during FY23. 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 30.7% during FY23, from 16.1% during FY22. 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 11.2% during FY23, from 5.7% during FY22. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-22* 12 Mar-23*
Current ratio x 1.2 1.6
Debtors’ Days Days 353 427
Interest coverage x 2.8 12.1
Debt to equity ratio x 0.0 0.0
Return on assets % 5.7 11.2
Return on equity % 6.9 18.1
Return on capital employed % 16.1 30.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how BUTTERFLY GANDHIMATHI has performed over the last 5 years, please visit here.

BUTTERFLY GANDHIMATHI Share Price Performance

Over the last one year, BUTTERFLY GANDHIMATHI share price has moved up from Rs 1,181.0 to Rs 1,199.0, registering a gain of Rs 18.0 or around 1.5%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 42,542.0 (up 0.3%). Over the last one year it has moved up from 35,537.0 to 42,542.0, a gain of 7,005 points (up 19.7%).

Overall, the S&P BSE SENSEX is up 19.4% over the year.

(To know more, check out historical annual results for BUTTERFLY GANDHIMATHI and quarterly results for BUTTERFLY GANDHIMATHI)

Annual Report FAQs

What is the current share price of BUTTERFLY GANDHIMATHI?

BUTTERFLY GANDHIMATHI currently trades at Rs 839.8 per share. You can check out the latest share price performance of BUTTERFLY GANDHIMATHI here...

What was the revenue of BUTTERFLY GANDHIMATHI in FY23? How does it compare to earlier years?

The revenues of BUTTERFLY GANDHIMATHI stood at Rs 10,631 m in FY23, which was up 10.5% compared to Rs 9,618 m reported in FY22.

BUTTERFLY GANDHIMATHI's revenue has grown from Rs 6,540 m in FY19 to Rs 10,631 m in FY23.

Over the past 5 years, the revenue of BUTTERFLY GANDHIMATHI has grown at a CAGR of 12.9%.

What was the net profit of BUTTERFLY GANDHIMATHI in FY23? How does it compare to earlier years?

The net profit of BUTTERFLY GANDHIMATHI stood at Rs 517 m in FY23, which was up 220.4% compared to Rs 161 m reported in FY22.

This compares to a net profit of Rs 362 m in FY21 and a net profit of Rs 40 m in FY20.

Over the past 5 years, BUTTERFLY GANDHIMATHI net profit has grown at a CAGR of 52.4%.

What does the cash flow statement of BUTTERFLY GANDHIMATHI 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 BUTTERFLY GANDHIMATHI reveals:

  • Cash flow from operations increased in FY23 and stood at Rs 1,216 m as compared to Rs -212 m in FY22.
  • Cash flow from investments decreased in FY23 and stood at Rs -294 m as compared to Rs -179 m in FY22.
  • Cash flow from financial activity decreased in FY23 and stood at Rs -607 m as compared to Rs 74 m in FY22.

Here's the cash flow statement of BUTTERFLY GANDHIMATHI for the past 5 years.

(Rs m)FY19FY20FY21FY22FY23
From Operations8241732,073-2121,216
From Investments-188-128-114-179-294
From Financial Activity-767-70-1,63774-607
Net Cashflow-130-25322-318315

What does the Key Ratio analysis of BUTTERFLY GANDHIMATHI 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 BUTTERFLY GANDHIMATHI reveals:

  • Operating profit margins witnessed a fall and down at 9.2% in FY23 as against 5.4% in FY22.
  • Net profit margins grew from 1.7% in FY22 to 4.9% in FY23.
  • Debt to Equity ratio for FY23 stood at 0.0 as compared to 0.0 in FY22.

Here's the ratio/financial analysis of BUTTERFLY GANDHIMATHI for the past 5 years.

 FY19FY20FY21FY22FY23
Operating Profit Margin (%)7.06.09.25.49.2
Net Profit Margin (%)1.50.64.21.74.9
Debt to Equity Ratio (x)0.20.20.10.00.0

 

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