X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
GUJARAT INDUSTRIES POWER 2017-18 Annual Report Analysis

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

GUJARAT INDUSTRIES POWER 2017-18 Annual Report Analysis
Tue, 26 Mar

GUJARAT INDUSTRIES POWER has announced its results for the year ended March 2018. Let us have a look at the detailed performance review of the company during FY17-18.

GUJARAT INDUSTRIES POWER Income Statement Analysis

  • Operating income during the year rose 4.1% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 14.4% YoY during the fiscal. Operating profit margins witnessed a fall and down at 36.0% in FY18 as against 32.7% in FY17.
  • Depreciation charges increased by 25.3% and finance costs decreased by 8.5% YoY, respectively.
  • Other income declined by 27.9% YoY.
  • Net profit for the year grew by 6.7% YoY.
  • Net profit margins during the year grew from 16.6% in FY17 to 17.3% in FY18.

GUJARAT INDUSTRIES POWER Income Statement 2017-18

No. of Mths Year Ending12 Mar-17*12 Mar-18*% Change
Net SalesRs m13,10613,6394.1%
Other incomeRs m711513-27.9%
Total RevenuesRs m13,81614,1522.4%
Gross profitRs m4,2904,90914.4%
DepreciationRs m1,2591,57725.3%
InterestRs m732670-8.5%
Profit before taxRs m3,0103,1755.5%
TaxRs m7177301.7%
Profit after taxRs m2,2932,4456.7%
Gross profit margin%32.736.0
Effective tax rate%23.823.0
Net profit margin%16.617.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



GUJARAT INDUSTRIES POWER Balance Sheet Analysis

  • The company's current liabilities during FY18 stood at Rs 5 billion as compared to Rs 5 billion in FY17, thereby witnessing an increase of 3.7%.
  • Long-term debt stood at Rs 4 billion as compared to Rs 3 billion during FY17, a growth of 33.1%.
  • Current assets rose 26% and stood at Rs 5 billion, while fixed assets rose 5% and stood at Rs 27 billion in FY18.
  • Overall, the total assets and liabilities for FY18 stood at Rs 37 billion as against Rs 34 billion during FY17, thereby witnessing a growth of 9%.

GUJARAT INDUSTRIES POWER Balance Sheet as on March 2018

No. of Mths Year Ending12 Mar-17*12 Mar-18*% Change
NetworthRs m22,36123,8076.5
 
Current LiabilitiesRs m5,0505,2353.7
Long-term DebtRs m2,7153,61333.1
Total LiabilitiesRs m34,14437,0748.6
 
Current assetsRs m4,2895,39325.8
Fixed AssetsRs m 25,40626,7955.5
Total AssetsRs m34,14437,0748.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



GUJARAT INDUSTRIES POWER Cash Flow Statement Analysis

  • GUJARAT INDUSTRIES POWER's cash flow from operating activities (CFO) during FY18 stood at Rs 3 billion on a YoY basis.
  • Cash flow from investing activities (CFI) during FY18 stood at Rs -4 billion on a YoY basis.
  • Cash flow from financial activities (CFF) during FY18 stood at Rs 924 million, an improvement of 157% on a YoY basis.
  • Overall, net cash flows for the company during FY18 stood at Rs 507 million from the Rs -2 billion net cash flows seen during FY17.

GUJARAT INDUSTRIES POWER Cash Flow Statement 2017-18

ParticularsNo. of months1212% Change
Year EndingMar-17Mar-18
Cash Flow from Operating ActivitiesRs m4,3273,411-21.2%
Cash Flow from Investing ActivitiesRs m-4,588-3,828-
Cash Flow from Financing ActivitiesRs m-1,613924-
Net Cash FlowRs m-1,874507-
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for GUJARAT INDUSTRIES POWER

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 16.2, an improvement from the EPS of Rs 15.2 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 70.0, stands at 12.8 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 0.8 times, while the price to sales ratio stands at 1.4 times.
  • The company's price to cash flow (P/CF) ratio stood at 2.6 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending12 Mar-17*12 Mar-18*
Sales per share (Unadj.)Rs86.690.2
TTM Earnings per shareRs15.216.2
Diluted earnings per shareRs15.216.2
Price to Cash Flow x3.02.6
TTM P/E ratiox12.812.8
Price / Book Value ratiox0.70.8
Market CapRs m10,58010,580
Dividends per share (Unadj.)Rs2.72.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for GUJARAT INDUSTRIES POWER

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.0x during FY18, from 0.8x during FY17. 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 5.7x during FY18, from 5.1x during FY17. 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 10.3% during FY18, from 10.3% during FY18. 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 14.0% during FY18, from 14.9% during FY17. 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 8.4% during FY18, from 8.9% during FY17. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending12 Mar-17*12 Mar-18*
Current ratiox0.81.0
Debtors’ DaysDays6970
Interest coveragex5.15.7
Debt to equity ratiox0.10.2
Return on assets%8.98.4
Return on equity%10.310.3
Return on capital employed%14.914.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



To see how GUJARAT INDUSTRIES POWER has performed over the last 5 years, please visit here.

GUJARAT INDUSTRIES POWER Share Price Performance

Over the last one year, GUJARAT INDUSTRIES POWER share price has moved up from Rs 97.0 to Rs 70.0, registering a loss of Rs 27.1 or around 27.9%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 2,030.1 (up 1.0%). Over the last one year it has moved down from 2,133.3 to 2,030.1, a loss of 103 points (down 4.8%).

(To know more, check out historical annual results for GUJARAT INDUSTRIES POWER and quarterly results for GUJARAT INDUSTRIES POWER)

Equitymaster requests your view! Post a comment on "GUJARAT INDUSTRIES POWER 2017-18 Annual Report Analysis". Click here!

  

Related Views on News

GUJARAT INDUSTRIES POWER Announces Quarterly Results (4QFY19); Net Profit Up 135.5% (Quarterly Result Update)

May 22, 2019 | Updated on May 22, 2019

For the quarter ended March 2019, GUJARAT INDUSTRIES POWER has posted a net profit of Rs 2 bn (up 135.5% YoY). Sales on the other hand came in at Rs 4 bn (down 2.7% YoY). Read on for a complete analysis of GUJARAT INDUSTRIES POWER's quarterly results.

GUJ.IND.POW Announces Quarterly Results (3QFY19); Net Profit Up 25.3% (Quarterly Result Update)

Feb 15, 2019 | Updated on Feb 15, 2019

For the quarter ended December 2018, GUJ.IND.POW has posted a net profit of Rs 741 m (up 25.3% YoY). Sales on the other hand came in at Rs 4 bn (up 2.9% YoY). Read on for a complete analysis of GUJ.IND.POW's quarterly results.

More Views on News

Most Popular

My Top 7 Stocks to Profit from Sensex 100,000(The 5 Minute Wrapup)

May 16, 2019

Tanushree Banerjee explains everything you need to know about the Rebirth of India and Sensex 100,000.

3 Stocks to Bet on to Become a 'Dividend Millionaire'(Profit Hunter)

May 14, 2019

As markets continue to rattle amid earning season, upcoming elections, volatile crude price and US China trade war, it's a great idea to add some stability to your portfolio by adding dividend stocks.

Indian Steel: The Perfect Multibagger Opportunity(Profit Hunter)

May 17, 2019

A structurally strong Indian Steel Industry will help India achieve 8%+ GDP growth in the coming years.

What Makes TVS Srichakra and CCL Products a Cut Above the Rest?(The 5 Minute Wrapup)

May 17, 2019

Despite the commodity nature of their businesses, these two stocks have rewarded shareholders well.

The Bitter Pill that Will Lay the Foundation for Sensex 100,000(The 5 Minute Wrapup)

May 14, 2019

These companies will help the Sensex more than double from current levels.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

TRACK GUJARAT INDUSTRIES POWER

  • Track your investment in GUJARAT INDUSTRIES POWER with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON GUJARAT INDUSTRIES POWER

GUJARAT INDUSTRIES POWER - GVK POWER & INFRA COMPARISON

COMPARE GUJARAT INDUSTRIES POWER WITH

MARKET STATS