GOKALDAS EXPORTS 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?  

GOKALDAS EXPORTS 2017-18 Annual Report Analysis
Tue, 18 Dec

GOKALDAS EXPORTS 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.

GOKALDAS EXPORTS Income Statement Analysis

  • Operating income during the year rose 10.9% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 27.0% YoY during the fiscal. Operating profit margins witnessed a growth and down at 2.3% in FY18 as against 3.4% in FY17.
  • Depreciation charges decreased by 10.1% and finance costs increased by 2.9% YoY, respectively.
  • Other income grew by 13.4% YoY.
  • Net profit for the year declined by 34.4% YoY.
  • Net profit margins during the year grew from 4.9% in FY17 to 2.9% in FY18.

GOKALDAS EXPORTS Income Statement 2017-18

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Net Sales Rs m 9,305 10,319 10.9%
Other income Rs m 415 471 13.4%
Total Revenues Rs m 9,720 10,790 11.0%
Gross profit Rs m -319 -233 -27.0%
Depreciation Rs m 183 165 -10.1%
Interest Rs m 364 375 2.9%
Profit before tax Rs m -451 -301 -33.2%
Tax Rs m 21 9 -58.7%
Profit after tax Rs m -472 -310 -34.4%
Gross profit margin % -3.4 -2.3
Effective tax rate % -4.7 -2.9
Net profit margin % -4.9 -2.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



GOKALDAS EXPORTS Balance Sheet Analysis

  • The company's current liabilities during FY18 stood at Rs 6 billion as compared to Rs 6 billion in FY17, thereby witnessing an increase of 3.1%.
  • Current assets fell 5% and stood at Rs 5 billion, while fixed assets rose 1% and stood at Rs 957 million in FY18.
  • Overall, the total assets and liabilities for FY18 stood at Rs 8 billion as against Rs 8 billion during FY17, thereby witnessing a fall of 2%.

GOKALDAS EXPORTS Balance Sheet as on March 2018

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Networth Rs m 1,694 1,309 -22.7
 
Current Liabilities Rs m 6,268 6,465 3.1
Long-term Debt Rs m 0 0 0.0
Total Liabilities Rs m 8,008 7,811 -2.5
 
Current assets Rs m 5,188 4,907 -5.4
Fixed Assets Rs m 948 957 1.0
Total Assets Rs m 8,008 7,811 -2.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



GOKALDAS EXPORTS Cash Flow Statement Analysis

  • GOKALDAS EXPORTS's cash flow from operating activities (CFO) during FY18 stood at Rs 252 million, an improvement of 114.2% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY18 stood at Rs -137 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY18 stood at Rs -398 million, an improvement of 27% on a YoY basis.
  • Overall, net cash flows for the company during FY18 stood at Rs -283 million from the Rs -171 million net cash flows seen during FY17.

GOKALDAS EXPORTS Cash Flow Statement 2017-18

Particulars No. of months 12 12 % Change
Year Ending Mar-17 Mar-18
Cash Flow from Operating Activities Rs m 118 252 114.2%
Cash Flow from Investing Activities Rs m 257 -137 -
Cash Flow from Financing Activities Rs m -545 -398 -
Net Cash Flow Rs m -171 -283 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for GOKALDAS EXPORTS

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs -8.9, an improvement from the EPS of Rs -13.5 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 78.7, stands at -58.6 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 2.9 times, while the price to sales ratio stands at 0.4 times.
  • The company's price to cash flow (P/CF) ratio stood at -18.7 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-17* 12 Mar-18*
Sales per share (Unadj.) Rs 266.4 295.2
TTM Earnings per share Rs -13.5 -8.9
Diluted earnings per share Rs -13.7 -9.0
Price to Cash Flow x -9.5 -18.7
TTM P/E ratio x -59.2 -58.6
Price / Book Value ratio x 1.8 2.9
Market Cap Rs m 2,747 2,721
Dividends per share (Unadj.) Rs 0.0 0.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for GOKALDAS EXPORTS

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 0.8x 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 deteriorated and stood at 0.2x during FY18, from -0.2x 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 -23.7% during FY18, from -27.9% 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 improved and stood at 5.6% during FY18, from -5.1% 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 improved and stood at 0.8% during FY18, from -1.4% during FY17. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-17* 12 Mar-18*
Current ratio x 0.8 0.8
Debtors’ Days Days 84 76
Interest coverage x -0.2 0.2
Debt to equity ratio x 0.0 0.0
Return on assets % -1.4 0.8
Return on equity % -27.9 -23.7
Return on capital employed % -5.1 5.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



To see how GOKALDAS EXPORTS has performed over the last 5 years, please visit here.

GOKALDAS EXPORTS Share Price Performance

Over the last one year, GOKALDAS EXPORTS share price has moved up from Rs 112.2 to Rs 78.7, registering a loss of Rs 33.6 or around 29.9%.

Overall, the S&P BSE SENSEX is up 7.4% over the year.

(To know more, check out historical annual results for GOKALDAS EXPORTS and quarterly results for GOKALDAS EXPORTS)

Equitymaster requests your view! Post a comment on "GOKALDAS EXPORTS 2017-18 Annual Report Analysis". Click here!

  

Related Views on News

GOKALDAS EXPORTS Announces Quarterly Results (1QFY20); Net Profit Up 779.0% (Quarterly Result Update)

Jul 31, 2019 | Updated on Jul 31, 2019

For the quarter ended June 2019, GOKALDAS EXPORTS has posted a net profit of Rs 356 m (up 779.0% YoY). Sales on the other hand came in at Rs 3 bn (up 19.8% YoY). Read on for a complete analysis of GOKALDAS EXPORTS's quarterly results.

GOKALDAS EXPORTS Announces Quarterly Results (4QFY19); Net Profit Up 72.3% (Quarterly Result Update)

May 21, 2019 | Updated on May 21, 2019

For the quarter ended March 2019, GOKALDAS EXPORTS has posted a net profit of Rs 113 m (up 72.3% YoY). Sales on the other hand came in at Rs 3 bn (up 12.4% YoY). Read on for a complete analysis of GOKALDAS EXPORTS's quarterly results.

MSTC IPO: Should You Bet on This State-Run E-Commerce Player? (IPO)

Mar 13, 2019

Should you subscribe to the IPO of MSPC Limited?

Hindustan Aeronautics IPO: Yet Another Play on India's Defence Sector (IPO)

Mar 14, 2018

Should you apply for the IPO of state-run military aircraft maker Hindustan Aeronautics?

Bharat Dynamics IPO: Worth Betting on Defence Manufacturing? (IPO)

Mar 12, 2018

Should you apply for the IPO of Bharat Dynamics, India's first state-owned missile manufacturer?

More Views on News

Most Popular

Bet on These Smallcap Stocks for Success in 2020(Profit Hunter)

Jan 14, 2020

The smallcap rebound finally seems to here... Make sure you aren't too late to make the most of the biggest wealth making opportunity in a decade.

Guess Which Stocks Are Rising at Double the Speed of Sensex(Profit Hunter)

Jan 15, 2020

These stocks can move twice as fast as the Sensex - to take advantage of their money multiplying power get in now as the rally is still just taking shape.. read more to not miss out.

For 1,000%+ Gains, Follow the 8-Year Cycle in the Stock Market(Fast Profits Daily)

Jan 17, 2020

This is how the biggest trading profits are made.

What the Infosys Results Tell Us About the Next Infosys(The 5 Minute Wrapup)

Jan 15, 2020

If you're interested in the next Infosys, I'll tell you where to look.

How to Buy the Best Safe Stocks in 2020(The 5 Minute Wrapup)

Jan 17, 2020

Don't fall for the safe stocks narrative going around in the stock market these days.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

TRACK GOKALDAS EXPORTS

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

MORE ON GOKALDAS EXPORTS

GOKALDAS EXPORTS 8-QTR ANALYSIS

COMPARE GOKALDAS EXPORTS WITH

MARKET STATS