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GATEWAY DISTRIPARKS 2020-21 Annual Report Analysis
Wed, 31 Mar

GATEWAY DISTRIPARKS 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.

GATEWAY DISTRIPARKS Income Statement Analysis

  • Operating income during the year fell 8.7% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 2.8% YoY during the fiscal. Operating profit margins witnessed a fall and down at 26.6% in FY21 as against 25.0% in FY20.
  • Depreciation charges decreased by 1.5% and finance costs decreased by 22.6% YoY, respectively.
  • Other income declined by 35.5% YoY.
  • Net profit for the year declined by 13.7% YoY.
  • Net profit margins during the year declined from 8.5% in FY20 to 8.0% in FY21.

GATEWAY DISTRIPARKS Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 12,920 11,794 -8.7%
Other income Rs m 176 113 -35.5%
Total Revenues Rs m 13,096 11,907 -9.1%
Gross profit Rs m 3,224 3,136 -2.8%
Depreciation Rs m 1,335 1,314 -1.5%
Interest Rs m 1,034 800 -22.6%
Profit before tax Rs m 1,031 1,134 10.0%
Tax Rs m -63 190 -402.7%
Profit after tax Rs m 1,094 945 -13.7%
Gross profit margin % 25.0 26.6
Effective tax rate % -6.1 16.7
Net profit margin % 8.5 8.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Potential 33x Opportunity: 3 Next-Generation Defence Stocks

GATEWAY DISTRIPARKS Balance Sheet Analysis

  • The company's current liabilities during FY21 stood at Rs 3 billion as compared to Rs 3 billion in FY20, thereby witnessing an increase of 13.5%.
  • Long-term debt down at Rs 4 billion as compared to Rs 6 billion during FY20, a fall of 30.7%.
  • Current assets rose 24% and stood at Rs 3 billion, while fixed assets fell 5% and stood at Rs 21 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 23 billion as against Rs 24 billion during FY20, thereby witnessing a fall of 2%.

GATEWAY DISTRIPARKS Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 13,167 14,745 12.0
 
Current Liabilities Rs m 2,909 3,301 13.5
Long-term Debt Rs m 6,477 4,488 -30.7
Total Liabilities Rs m 24,046 23,495 -2.3
 
Current assets Rs m 2,153 2,665 23.8
Fixed Assets Rs m 21,893 20,830 -4.9
Total Assets Rs m 24,046 23,495 -2.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



GATEWAY DISTRIPARKS Cash Flow Statement Analysis

  • GATEWAY DISTRIPARKS's cash flow from operating activities (CFO) during FY21 stood at Rs 3 billion, an improvement of 1.7% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs 240 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -2 billion, an improvement of 32% on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs 1 billion from the Rs -522 million net cash flows seen during FY20.

GATEWAY DISTRIPARKS 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 3,026 3,076 1.7%
Cash Flow from Investing Activities Rs m -185 240 -
Cash Flow from Financing Activities Rs m -3,363 -2,284 -
Net Cash Flow Rs m -522 1,032 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for GATEWAY DISTRIPARKS

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 7.6, an decline from the EPS of Rs 10.1 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 177.5, stands at 23.5 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 1.5 times, while the price to sales ratio stands at 1.9 times.
  • The company's price to cash flow (P/CF) ratio stood at 7.2 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 118.8 94.5
TTM Earnings per share Rs 10.1 7.6
Diluted earnings per share Rs 8.8 7.6
Price to Cash Flow x 4.9 7.2
TTM P/E ratio x 10.8 23.5
Price / Book Value ratio x 0.9 1.1
Market Cap Rs m 12,346 16,354
Dividends per share (Unadj.) Rs 4.5 4.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for GATEWAY DISTRIPARKS

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 0.8x during FY21, from 0.7x 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 2.4x during FY21, from 2.0x 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 6.4% during FY21, from 8.3% 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 10.1% during FY21, from 10.5% 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 7.4% during FY21, from 8.9% 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 0.7 0.8
Debtors’ Days Days 367 402
Interest coverage x 2.0 2.4
Debt to equity ratio x 0.5 0.3
Return on assets % 8.9 7.4
Return on equity % 8.3 6.4
Return on capital employed % 10.5 10.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how GATEWAY DISTRIPARKS has performed over the last 5 years, please visit here.

GATEWAY DISTRIPARKS Share Price Performance

Over the last one year, GATEWAY DISTRIPARKS share price has moved up from Rs 94.7 to Rs 177.5, registering a gain of Rs 82.8 or around 87.4%.

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

(To know more, check out historical annual results for GATEWAY DISTRIPARKS and quarterly results for GATEWAY DISTRIPARKS)

Annual Report FAQs

What is the current share price of GATEWAY DISTRIPARKS?

GATEWAY DISTRIPARKS currently trades at Rs 69.1 per share. You can check out the latest share price performance of GATEWAY DISTRIPARKS here...

What was the revenue of GATEWAY DISTRIPARKS in FY21? How does it compare to earlier years?

The revenues of GATEWAY DISTRIPARKS stood at Rs 11,907 m in FY21, which was down -9.1% compared to Rs 13,096 m reported in FY20.

GATEWAY DISTRIPARKS' revenue has grown from Rs 4,057 m in FY17 to Rs 11,907 m in FY21.

Over the past 5 years, the revenue of GATEWAY DISTRIPARKS has grown at a CAGR of 30.9%.

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

The net profit of GATEWAY DISTRIPARKS stood at Rs 945 m in FY21, which was down -13.7% compared to Rs 1,094 m reported in FY20.

This compares to a net profit of Rs 3,003 m in FY19 and a net profit of Rs 430 m in FY18.

Over the past 5 years, GATEWAY DISTRIPARKS net profit has grown at a CAGR of 13.7%.

What does the cash flow statement of GATEWAY DISTRIPARKS 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 GATEWAY DISTRIPARKS reveals:

  • Cash flow from operations increased in FY21 and stood at Rs 3,076 m as compared to Rs 3,026 m in FY20.
  • Cash flow from investments increased in FY21 and stood at Rs 240 m as compared to Rs -185 m in FY20.
  • Cash flow from financial activity increased in FY21 and stood at Rs -2,284 m as compared to Rs -3,363 m in FY20.

Here's the cash flow statement of GATEWAY DISTRIPARKS for the past 5 years.

(Rs m)FY17FY18FY19FY20FY21
From Operations6138471,2123,0263,076
From Investments-5597-5,628-185240
From Financial Activity-121-8924,503-3,363-2,284
Net Cashflow-67-3888-5221,032

What does the Key Ratio analysis of GATEWAY DISTRIPARKS 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 GATEWAY DISTRIPARKS reveals:

  • Operating profit margins witnessed a fall and down at 26.6% in FY21 as against 25.0% in FY20.
  • Net profit margins declined from 8.5% in FY20 to 8.0% in FY21.
  • Debt to Equity ratio for FY21 stood at 0.3 as compared to 0.5 in FY20.

Here's the ratio/financial analysis of GATEWAY DISTRIPARKS for the past 5 years.

 FY17FY18FY19FY20FY21
Operating Profit Margin (%)23.321.384.325.026.6
Net Profit Margin (%)14.410.969.78.58.0
Debt to Equity Ratio (x)0.10.10.60.50.3

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