GOODYEAR (I) 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.
No. of Mths Year Ending | 12 Mar-18* | 12 Mar-19* | % Change | |
---|---|---|---|---|
Net Sales | Rs m | 16,647 | 1,919 | -88.5% |
Other income | Rs m | 367 | 377 | 2.8% |
Total Revenues | Rs m | 17,013 | 2,296 | -86.5% |
Gross profit | Rs m | 2,017 | 1,645 | -18.4% |
Depreciation | Rs m | 362 | 410 | 13.5% |
Interest | Rs m | 29 | 30 | 4.8% |
Profit before tax | Rs m | 1,993 | 1,581 | -20.6% |
Tax | Rs m | 693 | 561 | -19.1% |
Profit after tax | Rs m | 1,300 | 1,021 | -21.5% |
Gross profit margin | % | 12.1 | 85.7 | |
Effective tax rate | % | 34.8 | 35.5 | |
Net profit margin | % | 7.6 | 44.5 |
No. of Mths Year Ending | 12 Mar-18* | 12 Mar-19* | % Change | |
---|---|---|---|---|
Networth | Rs m | 8,022 | 8,671 | 8.1 |
Current Liabilities | Rs m | 4,654 | 4,348 | -6.6 |
Long-term Debt | Rs m | 0 | 0 | 0.0 |
Total Liabilities | Rs m | 12,976 | 13,305 | 2.5 |
Current assets | Rs m | 9,900 | 9,951 | 0.5 |
Fixed Assets | Rs m | 2,724 | 3,012 | 10.6 |
Total Assets | Rs m | 12,976 | 13,305 | 2.5 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Mar-18 | Mar-19 | ||
Cash Flow from Operating Activities | Rs m | 1,823 | 566 | -69.0% |
Cash Flow from Investing Activities | Rs m | -220 | -356 | - |
Cash Flow from Financing Activities | Rs m | -373 | -389 | - |
Net Cash Flow | Rs m | 1,230 | -179 | - |
No. of Mths Year Ending | 12 Mar-18* | 12 Mar-19* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 721.6 | 83.2 |
TTM Earnings per share | Rs | 56.3 | 44.2 |
Diluted earnings per share | Rs | 56.3 | 44.2 |
Price to Cash Flow | x | 13.0 | 15.1 |
TTM P/E ratio | x | 20.8 | 20.8 |
Price / Book Value ratio | x | 2.9 | 2.8 |
Market Cap | Rs m | 21,582 | 21,582 |
Dividends per share (Unadj.) | Rs | 13.0 | 13.0 |
Current Ratio: The company's current ratio improved and stood at 2.3x during FY19, from 2.1x 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 deteriorated and stood at 53.2x during FY19, from 70.0x 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.
Return on Equity (ROE): The ROE for the company declined and down at 11.8% during FY19, from 16.2% 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 18.6% during FY19, from 25.2% 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 7.9% during FY19, from 10.2% during FY18. The ROA measures how efficiently the company uses its assets to generate earnings.
No. of Mths Year Ending | 12 Mar-18* | 12 Mar-19* | |
---|---|---|---|
Current ratio | x | 2.1 | 2.3 |
Debtors’ Days | Days | 46 | 463 |
Interest coverage | x | 70.0 | 53.2 |
Debt to equity ratio | x | 0.0 | 0.0 |
Return on assets | % | 10.2 | 7.9 |
Return on equity | % | 16.2 | 11.8 |
Return on capital employed | % | 25.2 | 18.6 |
To see how GOODYEAR (I) has performed over the last 5 years, please visit here.
Over the last one year, GOODYEAR (I) share price has moved down from Rs 997.5 to Rs 935.5, registering a loss of Rs 62.0 or around 6.2%.
Overall, the S&P BSE SENSEX is down 2.4% over the year.
(To know more, check out historical annual results for GOODYEAR (I) and quarterly results for GOODYEAR (I))
For the quarter ended December 2019, GOODYEAR (I) has posted a net profit of Rs 119 m (down 45.2% YoY). Sales on the other hand came in at Rs 4 bn (down 8.1% YoY). Read on for a complete analysis of GOODYEAR (I)'s quarterly results.
For the quarter ended June 2019, GOODYEAR (I) has posted a net profit of Rs 262 m (up 5.9% YoY). Sales on the other hand came in at Rs 5 bn (down 8.3% YoY). Read on for a complete analysis of GOODYEAR (I)'s quarterly results.
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