GUJARAT GAS 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?  

GUJARAT GAS 2020-21 Annual Report Analysis
Fri, 22 Oct

GUJARAT GAS 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.

GUJARAT GAS Income Statement Analysis

  • Operating income during the year fell 4.0% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 27.8% YoY during the fiscal. Operating profit margins witnessed a fall and down at 21.8% in FY21 as against 16.3% in FY20.
  • Depreciation charges increased by 7.2% and finance costs decreased by 34.7% YoY, respectively.
  • Other income declined by 11.6% YoY.
  • Net profit for the year grew by 6.4% YoY.
  • Net profit margins during the year grew from 11.8% in FY20 to 13.1% in FY21.

GUJARAT GAS Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 100,742 96,662 -4.0%
Other income Rs m 839 742 -11.6%
Total Revenues Rs m 101,581 97,404 -4.1%
Gross profit Rs m 16,470 21,054 27.8%
Depreciation Rs m 3,180 3,408 7.2%
Interest Rs m 2,050 1,339 -34.7%
Profit before tax Rs m 12,080 17,048 41.1%
Tax Rs m 92 4,292 4,585.8%
Profit after tax Rs m 11,989 12,756 6.4%
Gross profit margin % 16.3 21.8
Effective tax rate % 0.8 25.2
Net profit margin % 11.8 13.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



FREE REPLAY: Discover What Richa Revealed in Her Smallcaps Summit

GUJARAT GAS Balance Sheet Analysis

  • The company's current liabilities during FY21 stood at Rs 22 billion as compared to Rs 18 billion in FY20, thereby witnessing an increase of 21.6%.
  • Long-term debt down at Rs 8 billion as compared to Rs 18 billion during FY20, a fall of 58.0%.
  • Current assets fell 2% and stood at Rs 14 billion, while fixed assets rose 9% and stood at Rs 71 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 85 billion as against Rs 79 billion during FY20, thereby witnessing a growth of 7%.

GUJARAT GAS Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 33,174 45,116 36.0
 
Current Liabilities Rs m 18,193 22,122 21.6
Long-term Debt Rs m 18,344 7,700 -58.0
Total Liabilities Rs m 79,254 84,797 7.0
 
Current assets Rs m 14,403 14,120 -2.0
Fixed Assets Rs m 64,852 70,678 9.0
Total Assets Rs m 79,254 84,797 7.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



GUJARAT GAS Cash Flow Statement Analysis

  • GUJARAT GAS's cash flow from operating activities (CFO) during FY21 stood at Rs 17 billion, an improvement of 16.6% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs -6 billion, an improvement of 30.8% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -13 billion on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs -3 billion from the Rs 5 billion net cash flows seen during FY20.

GUJARAT GAS 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 14,198 16,552 16.6%
Cash Flow from Investing Activities Rs m -4,665 -6,103 -
Cash Flow from Financing Activities Rs m -5,024 -13,177 -
Net Cash Flow Rs m 4,510 -2,728 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for GUJARAT GAS

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 18.5, an improvement from the EPS of Rs 17.4 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 617.7, stands at 25.1 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 6.0 times, while the price to sales ratio stands at 2.8 times.
  • The company's price to cash flow (P/CF) ratio stood at 26.3 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 146.3 140.4
TTM Earnings per share Rs 17.4 18.5
Diluted earnings per share Rs 17.4 18.5
Price to Cash Flow x 28.0 26.3
TTM P/E ratio x 25.1 25.1
Price / Book Value ratio x 4.8 6.0
Market Cap Rs m 425,184 425,184
Dividends per share (Unadj.) Rs 1.3 2.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for GUJARAT GAS

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 0.6x during FY21, from 0.8x 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 13.7x during FY21, from 6.9x 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 28.3% during FY21, from 36.1% 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 improved and stood at 34.8% during FY21, from 27.4% 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 16.6% during FY21, from 17.7% 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 0.8 0.6
Debtors’ Days Days 2 3
Interest coverage x 6.9 13.7
Debt to equity ratio x 0.6 0.2
Return on assets % 17.7 16.6
Return on equity % 36.1 28.3
Return on capital employed % 27.4 34.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

GUJARAT GAS Share Price Performance

Over the last one year, GUJARAT GAS share price has moved up from Rs 288.0 to Rs 617.7, registering a gain of Rs 329.7 or around 114.5%.

Overall, the S&P BSE SENSEX is up 50.6% over the year.

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

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

  

Related Views on News

GUJARAT GAS Announces Quarterly Results (1QFY22); Net Profit Up 711.5% (Quarterly Result Update)

Aug 9, 2021 | Updated on Aug 9, 2021

For the quarter ended June 2021, GUJARAT GAS has posted a net profit of Rs 5 bn (up 711.5% YoY). Sales on the other hand came in at Rs 31 bn (up 176.9% YoY). Read on for a complete analysis of GUJARAT GAS's quarterly results.

Shares of Oxygen Suppliers in Focus Amid Rising Demand for Oxygen (Company Info)

Apr 20, 2021

In this article, we discuss the hype around Oxygen supplier stocks and a little known NBFC company, which has rallied 150% in less than a month.

Nazara Technologies IPO: Should You Apply? (IPO)

Mar 17, 2021

Should you bet on this gaming company backed by ace investor Rakesh Jhunjhunwala?

More Views on News

Most Popular

Infosys vs TCS: Which is Better?(Views On News)

Nov 26, 2021

In the post pandemic era, the top two IT companies in India are fighting to capture the growing demand for IT.

This Multibagger Stock Zooms 20% After Dolly Khanna Buys Stake(Views On News)

Nov 24, 2021

Shares of this edible oil company zoomed over 50% in three days after ace investor bought around 1% stake.

Don't Sell these Stocks if the Market Falls(Profit Hunter)

Nov 17, 2021

These are the 3 types of stocks that you should not sell in a market crash.

How to Find Your Next 10-Bagger in this Market(Profit Hunter)

Nov 19, 2021

The #1 make or break factor in your portfolio you shouldn't ignore.

MobiKwik IPO Opens for Subscription Soon. Key Things to Know Before Subscribing.(Views On News)

Nov 20, 2021

The Rs 19 bn issue is set to hit the market soon.

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 GUJARAT GAS

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

GUJARAT GAS 8-QTR ANALYSIS

COMPARE GUJARAT GAS WITH

MARKET STATS