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OLECTRA GREENTECH 2020-21 Annual Report Analysis
Wed, 31 Mar

OLECTRA GREENTECH 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.

OLECTRA GREENTECH Income Statement Analysis

  • Operating income during the year rose 40.3% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 17.4% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 7.2% in FY21 as against 12.2% in FY20.
  • Depreciation charges decreased by 24.0% and finance costs decreased by 46.2% YoY, respectively.
  • Other income declined by 52.9% YoY.
  • Net profit for the year declined by 40.6% YoY.
  • Net profit margins during the year declined from 6.7% in FY20 to 2.9% in FY21.

OLECTRA GREENTECH Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 2,005 2,814 40.3%
Other income Rs m 244 115 -52.9%
Total Revenues Rs m 2,249 2,929 30.2%
Gross profit Rs m 244 202 -17.4%
Depreciation Rs m 175 133 -24.0%
Interest Rs m 139 75 -46.2%
Profit before tax Rs m 173 108 -37.5%
Tax Rs m 38 28 -26.6%
Profit after tax Rs m 135 80 -40.6%
Gross profit margin % 12.2 7.2
Effective tax rate % 22.0 25.8
Net profit margin % 6.7 2.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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OLECTRA GREENTECH Balance Sheet Analysis

  • The company's current liabilities during FY21 down at Rs 2 billion as compared to Rs 2 billion in FY20, thereby witnessing an decrease of -22.3%.
  • Long-term debt stood at Rs 39 million as compared to Rs 28 million during FY20, a growth of 38.9%.
  • Current assets fell 23% and stood at Rs 6 billion, while fixed assets rose 85% and stood at Rs 3 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 9 billion as against Rs 10 billion during FY20, thereby witnessing a fall of 5%.

OLECTRA GREENTECH Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 6,927 7,407 6.9
 
Current Liabilities Rs m 2,320 1,802 -22.3
Long-term Debt Rs m 28 39 38.9
Total Liabilities Rs m 9,729 9,268 -4.7
 
Current assets Rs m 8,096 6,251 -22.8
Fixed Assets Rs m 1,634 3,018 84.7
Total Assets Rs m 9,729 9,268 -4.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



OLECTRA GREENTECH Cash Flow Statement Analysis

  • OLECTRA GREENTECH's cash flow from operating activities (CFO) during FY21 stood at Rs 2 billion on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs -2 billion on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -216 million on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs 101 million from the Rs -189 million net cash flows seen during FY20.

OLECTRA GREENTECH 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 -2,186 2,087 -
Cash Flow from Investing Activities Rs m 1,994 -1,770 -
Cash Flow from Financing Activities Rs m 3 -216 -
Net Cash Flow Rs m -189 101 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for OLECTRA GREENTECH

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 1.0, an decline from the EPS of Rs 1.6 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 216.2, stands at 220.9 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 2.4 times, while the price to sales ratio stands at 6.3 times.
  • The company's price to cash flow (P/CF) ratio stood at 54.2 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 24.4 34.3
TTM Earnings per share Rs 1.6 1.0
Diluted earnings per share Rs 1.6 1.0
Price to Cash Flow x 12.3 54.2
TTM P/E ratio x 28.3 220.9
Price / Book Value ratio x 1.7 1.6
Market Cap Rs m 12,095 11,571
Dividends per share (Unadj.) Rs 0.0 0.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for OLECTRA GREENTECH

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 3.5x during FY21, from 3.5x 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 improved and stood at 2.4x during FY21, from 2.2x 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 1.1% during FY21, from 2.0% 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 2.5% during FY21, from 4.5% 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 1.7% during FY21, from 2.8% 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 3.5 3.5
Debtors’ Days Days 6,585 3,419
Interest coverage x 2.2 2.4
Debt to equity ratio x 0.0 0.0
Return on assets % 2.8 1.7
Return on equity % 2.0 1.1
Return on capital employed % 4.5 2.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how OLECTRA GREENTECH has performed over the last 5 years, please visit here.

OLECTRA GREENTECH Share Price Performance

Over the last one year, OLECTRA GREENTECH share price has moved up from Rs 46.7 to Rs 216.2, registering a gain of Rs 169.6 or around 363.5%.

Meanwhile, the S&P BSE AUTO Index is trading at Rs 22,252.2 (down 0.0%). Over the last one year it has moved up from 10,746.2 to 22,252.2, a gain of 11,506 points (up 107.1%).

Overall, the S&P BSE SENSEX is up 74.1% over the year.

(To know more, check out historical annual results for OLECTRA GREENTECH and quarterly results for OLECTRA GREENTECH)

Annual Report FAQs

What is the current share price of OLECTRA GREENTECH?

OLECTRA GREENTECH currently trades at Rs 1,730.0 per share. You can check out the latest share price performance of OLECTRA GREENTECH here...

What was the revenue of OLECTRA GREENTECH in FY21? How does it compare to earlier years?

The revenues of OLECTRA GREENTECH stood at Rs 2,929 m in FY21, which was up 30.2% compared to Rs 2,249 m reported in FY20.

OLECTRA GREENTECH's revenue has grown from Rs 969 m in FY17 to Rs 2,929 m in FY21.

Over the past 5 years, the revenue of OLECTRA GREENTECH has grown at a CAGR of 31.8%.

What was the net profit of OLECTRA GREENTECH in FY21? How does it compare to earlier years?

The net profit of OLECTRA GREENTECH stood at Rs 80 m in FY21, which was down -40.6% compared to Rs 135 m reported in FY20.

This compares to a net loss of Rs -158 m in FY19 and a net profit of Rs 89 m in FY18.

Over the past 5 years, OLECTRA GREENTECH net profit has grown at a CAGR of -1.2%.

What does the cash flow statement of OLECTRA GREENTECH reveal?

The cash flow statement is the financial statement that presents the cash inflows and outflows of a company during a given period of time.

This statement is one of the most useful tools for judging a company's liquidity position. The ratios and parameters in this statement helps test a company's financial health.

The cash flow statement of OLECTRA GREENTECH reveals:

  • Cash flow from operations increased in FY21 and stood at Rs 2,087 m as compared to Rs -2,186 m in FY20.
  • Cash flow from investments decreased in FY21 and stood at Rs -1,770 m as compared to Rs 1,994 m in FY20.
  • Cash flow from financial activity decreased in FY21 and stood at Rs -216 m as compared to Rs 3 m in FY20.

Here's the cash flow statement of OLECTRA GREENTECH for the past 5 years.

(Rs m)FY17FY18FY19FY20FY21
From Operations-87-1,068-1,300-2,1862,087
From Investments-60-191-3,0711,994-1,770
From Financial Activity1491,2634,5753-216
Net Cashflow34203-189101

What does the Key Ratio analysis of OLECTRA GREENTECH reveal?

Be it the company's profitability, operations effectiveness or utilization of funds, ratio analysis is an important tool which helps in making investment decisions.

The ratio/financial analysis of OLECTRA GREENTECH reveals:

  • Operating profit margins witnessed a fall and stood at 7.2% in FY21 as against 12.2% in FY20.
  • Net profit margins declined from 6.7% in FY20 to 2.9% in FY21.
  • Debt to Equity ratio for FY21 stood at 0.0 as compared to 0.0 in FY20.

Here's the ratio/financial analysis of OLECTRA GREENTECH for the past 5 years.

 FY17FY18FY19FY20FY21
Operating Profit Margin (%)21.08.8-8.912.27.2
Net Profit Margin (%)8.85.6-9.36.72.9
Debt to Equity Ratio (x)0.10.10.00.00.0

Read: Latest Annual Report Analysis of OLECTRA GREENTECH

 

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