GMM PFAUDLER 2020-21 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?  

GMM PFAUDLER 2020-21 Annual Report Analysis
Mon, 6 Sep

GMM PFAUDLER 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.

GMM PFAUDLER Income Statement Analysis

  • Operating income during the year rose 69.4% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 5.4% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 10.5% in FY21 as against 18.8% in FY20.
  • Depreciation charges increased by 139.4% and finance costs increased by 191.7% YoY, respectively.
  • Other income grew by 307.8% YoY.
  • Net profit for the year declined by 10.9% YoY.
  • Net profit margins during the year declined from 11.9% in FY20 to 6.2% in FY21.

GMM PFAUDLER Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 5,911 10,011 69.4%
Other income Rs m 58 235 307.8%
Total Revenues Rs m 5,968 10,246 71.7%
Gross profit Rs m 1,111 1,051 -5.4%
Depreciation Rs m 211 506 139.4%
Interest Rs m 35 102 191.7%
Profit before tax Rs m 923 679 -26.5%
Tax Rs m 212 45 -78.9%
Profit after tax Rs m 711 634 -10.9%
Gross profit margin % 18.8 10.5
Effective tax rate % 22.9 6.6
Net profit margin % 11.9 6.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Watch Now: A Massive 15x Opportunity in Electric Vehicles

GMM PFAUDLER Balance Sheet Analysis

  • The company's current liabilities during FY21 stood at Rs 9 billion as compared to Rs 2 billion in FY20, thereby witnessing an increase of 446.8%.
  • Long-term debt stood at Rs 4 billion as compared to Rs 0 million during FY20, a fall of 0.0%.
  • Current assets rose 266% and stood at Rs 14 billion, while fixed assets rose 444% and stood at Rs 11 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 25 billion as against Rs 6 billion during FY20, thereby witnessing a growth of 325%.

GMM PFAUDLER Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 3,291 4,071 23.7
 
Current Liabilities Rs m 1,645 8,993 446.8
Long-term Debt Rs m 0 4,428 0.0
Total Liabilities Rs m 5,832 24,791 325.1
 
Current assets Rs m 3,899 14,278 266.2
Fixed Assets Rs m 1,932 10,512 444.1
Total Assets Rs m 5,832 24,791 325.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



GMM PFAUDLER Cash Flow Statement Analysis

  • GMM PFAUDLER's cash flow from operating activities (CFO) during FY21 stood at Rs 2 billion, an improvement of 486.8% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs -659 million, an improvement of 32.7% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs 1 billion, an improvement of 2,362% on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs 2 billion from the Rs -276 million net cash flows seen during FY20.

GMM PFAUDLER 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 267 1,567 486.8%
Cash Flow from Investing Activities Rs m -497 -659 -
Cash Flow from Financing Activities Rs m -46 1,049 -
Net Cash Flow Rs m -276 1,957 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for GMM PFAUDLER

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 43.4, an decline from the EPS of Rs 48.7 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 4,436.0, stands at 251.2 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 16.7 times, while the price to sales ratio stands at 6.8 times.
  • The company's price to cash flow (P/CF) ratio stood at 56.9 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 404.3 684.8
TTM Earnings per share Rs 48.7 43.4
Diluted earnings per share Rs 48.7 43.4
Price to Cash Flow x 70.3 56.9
TTM P/E ratio x 251.2 251.2
Price / Book Value ratio x 10.1 16.7
Market Cap Rs m 64,842 64,842
Dividends per share (Unadj.) Rs 5.0 5.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for GMM PFAUDLER

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 1.6x during FY21, from 2.4x 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 deteriorated and stood at 7.7x during FY21, from 27.4x 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 15.6% 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 declined and down at 9.2% during FY21, from 29.1% 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 3.0% during FY21, from 12.8% 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 2.4 1.6
Debtors’ Days Days 46 113
Interest coverage x 27.4 7.7
Debt to equity ratio x 0.0 1.1
Return on assets % 12.8 3.0
Return on equity % 21.6 15.6
Return on capital employed % 29.1 9.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how GMM PFAUDLER has performed over the last 5 years, please visit here.

GMM PFAUDLER Share Price Performance

Over the last one year, GMM PFAUDLER share price has moved down from Rs 5,683.8 to Rs 4,436.0, registering a loss of Rs 1,247.9 or around 22.0%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 25,625.5 (up 0.3%). Over the last one year it has moved up from 13,988.7 to 25,625.5, a gain of 11,637 points (up 83.2%).

Overall, the S&P BSE SENSEX is up 49.2% over the year.

(To know more, check out historical annual results for GMM PFAUDLER and quarterly results for GMM PFAUDLER)

Equitymaster requests your view! Post a comment on "GMM PFAUDLER 2020-21 Annual Report Analysis". Click here!

  

Related Views on News

GMM PFAUDLER Announces Quarterly Results (1QFY22); Net Profit Down 195.9% (Quarterly Result Update)

Aug 16, 2021 | Updated on Aug 16, 2021

For the quarter ended June 2021, GMM PFAUDLER has posted a net profit of Rs 184 m (down 195.9% YoY). Sales on the other hand came in at Rs 6 bn (up 257.2% YoY). Read on for a complete analysis of GMM PFAUDLER's quarterly results.

More Views on News

Most Popular

5 Green Energy Stocks to Watch as India Readies for a Revolution(Views On News)

Oct 13, 2021

The excitement around green energy stocks has opened up a huge contrarian opportunity in the traditional energy space.

Could HDFC Bank be a Big EV Winner? The Answer Will Surprise You...(Profit Hunter)

Oct 13, 2021

Why should investors take it for granted that India's Tesla will be one of the major auto stocks?

Tata Group Stocks are on Fire: Which one Should You Buy?(Profit Hunter)

Oct 15, 2021

Tata group stocks are on fire. Find out which one deserves your attention.

Massive Surge in the Shares of Tata Motors Today. Key Factors Favouring the Rally(Views On News)

Oct 13, 2021

Tata Motors zooms 23% after report of TPG investing Rs 75 bn in EV arm.

India's Big PSU Selloff: Watch Out for these Top Stocks(Views On News)

Oct 15, 2021

The government's plan to divest its stakes in PSUs could spark off a rally in these four stocks.

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2022
Get our special report Multibagger Stocks Guide (2022 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

TRACK GMM PFAUDLER

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

GMM PFAUDLER - ELECON ENGINEERING COMPARISON

COMPARE GMM PFAUDLER WITH

MARKET STATS