GREENPLY IND 2017-18 Annual Report Analysis

Wed, 16 Jan

GREENPLY IND 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.

GREENPLY IND Income Statement Analysis

• Operating income during the year rose 2.7% on a year-on-year (YoY) basis.
• The company's operating profit decreased by 5.8% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 13.5% in FY18 as against 14.7% in FY17.
• Depreciation charges decreased by 1.7% and finance costs decreased by 40.0% YoY, respectively.
• Other income declined by 42.9% YoY.
• Net profit for the year declined by 11.8% YoY.
• Net profit margins during the year declined from 7.5% in FY17 to 6.4% in FY18.

GREENPLY IND Income Statement 2017-18

GREENPLY IND Balance Sheet Analysis

• The company's current liabilities during FY18 stood at Rs 6 billion as compared to Rs 5 billion in FY17, thereby witnessing an increase of 30.5%.
• Long-term debt stood at Rs 5 billion as compared to Rs 3 billion during FY17, a growth of 82.4%.
• Current assets rose 8% and stood at Rs 6 billion, while fixed assets rose 70% and stood at Rs 14 billion in FY18.
• Overall, the total assets and liabilities for FY18 stood at Rs 21 billion as against Rs 16 billion during FY17, thereby witnessing a growth of 34%.

GREENPLY IND Balance Sheet as on March 2018

GREENPLY IND Cash Flow Statement Analysis

• GREENPLY IND's cash flow from operating activities (CFO) during FY18 stood at Rs 1 billion on a YoY basis.
• Cash flow from investing activities (CFI) during FY18 stood at Rs -3 billion on a YoY basis.
• Cash flow from financial activities (CFF) during FY18 stood at Rs 2 billion on a YoY basis.
• Overall, net cash flows for the company during FY18 stood at Rs -502 million from the Rs 387 million net cash flows seen during FY17.

GREENPLY IND Cash Flow Statement 2017-18

Current Valuations for GREENPLY IND

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 9.0, an decline from the EPS of Rs 10.2 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 139.1, stands at 15.7 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 4.6 times, while the price to sales ratio stands at 2.3 times.
• The company's price to cash flow (P/CF) ratio stood at 10.0 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

Ratio Analysis for GREENPLY IND

• Solvency Ratios

Current Ratio: The company's current ratio improved and stood at 1.1x during FY18, from 1.3x 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 16.1x during FY18, from 10.5x 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 declined and down at 12.6% during FY18, from 16.2% 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 12.9% during FY18, from 19.3% 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 5.8% during FY18, from 9.2% during FY17. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

To see how GREENPLY IND has performed over the last 5 years, please visit here.

GREENPLY IND Share Price Performance

Over the last one year, GREENPLY IND share price has moved up from Rs 380.1 to Rs 139.1, registering a loss of Rs 241.0 or around 63.4%.

Overall, the S&P BSE SENSEX is up 4.4% over the year.

(To know more, check out historical annual results for GREENPLY IND and quarterly results for GREENPLY IND)