GUJ. STATE PETRONET 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?  

GUJ. STATE PETRONET 2017-18 Annual Report Analysis
Fri, 21 Dec

GUJ. STATE PETRONET 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.

GUJ. STATE PETRONET Income Statement Analysis

  • Operating income during the year rose 29.6% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 29.2% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 86.2% in FY18 as against 86.4% in FY17.
  • Depreciation charges decreased by 2.3% and finance costs decreased by 40.6% YoY, respectively.
  • Other income declined by 16.7% YoY.
  • Net profit for the year grew by 34.6% YoY.
  • Net profit margins during the year grew from 44.5% in FY17 to 47.6% in FY18.

GUJ. STATE PETRONET Income Statement 2017-18

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Net Sales Rs m 10,276 13,318 29.6%
Other income Rs m 882 735 -16.7%
Total Revenues Rs m 11,158 14,052 25.9%
Gross profit Rs m 8,883 11,478 29.2%
Depreciation Rs m 1,791 1,750 -2.3%
Interest Rs m 596 354 -40.6%
Profit before tax Rs m 7,378 10,108 37.0%
Tax Rs m 2,412 3,424 42.0%
Profit after tax Rs m 4,966 6,684 34.6%
Gross profit margin % 86.4 86.2
Effective tax rate % 32.7 33.9
Net profit margin % 44.5 47.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



GUJ. STATE PETRONET Balance Sheet Analysis

  • The company's current liabilities during FY18 stood at Rs 16 billion as compared to Rs 3 billion in FY17, thereby witnessing an increase of 389.2%.
  • Long-term debt stood at Rs 18 billion as compared to Rs 5 billion during FY17, a growth of 251.1%.
  • Current assets fell 41% and stood at Rs 6 billion, while fixed assets fell 13% and stood at Rs 40 billion in FY18.
  • Overall, the total assets and liabilities for FY18 stood at Rs 89 billion as against Rs 58 billion during FY17, thereby witnessing a growth of 53%.

GUJ. STATE PETRONET Balance Sheet as on March 2018

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Networth Rs m 44,960 50,650 12.7
 
Current Liabilities Rs m 3,236 15,830 389.2
Long-term Debt Rs m 5,012 17,595 251.1
Total Liabilities Rs m 58,334 89,485 53.4
 
Current assets Rs m 10,773 6,308 -41.5
Fixed Assets Rs m 46,230 40,101 -13.3
Total Assets Rs m 58,334 89,485 53.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



GUJ. STATE PETRONET Cash Flow Statement Analysis

  • GUJ. STATE PETRONET's cash flow from operating activities (CFO) during FY18 stood at Rs 9 billion on a YoY basis.
  • Cash flow from investing activities (CFI) during FY18 stood at Rs -32 billion, an improvement of 763.4% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY18 stood at Rs 23 billion, an improvement of 459% on a YoY basis.
  • Overall, net cash flows for the company during FY18 stood at Rs 73 million from the Rs -606 million net cash flows seen during FY17.

GUJ. STATE PETRONET 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 9,436 8,944 -5.2%
Cash Flow from Investing Activities Rs m -3,676 -31,735 -
Cash Flow from Financing Activities Rs m -6,366 22,865 -
Net Cash Flow Rs m -606 73 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for GUJ. STATE PETRONET

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 11.9, an improvement from the EPS of Rs 8.8 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 179.2, stands at 12.5 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 2.2 times, while the price to sales ratio stands at 8.2 times.
  • The company's price to cash flow (P/CF) ratio stood at 12.0 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 18.2 23.6
TTM Earnings per share Rs 8.8 11.9
Diluted earnings per share Rs 8.8 11.9
Price to Cash Flow x 14.9 12.0
TTM P/E ratio x 12.5 12.5
Price / Book Value ratio x 1.8 2.2
Market Cap Rs m 100,967 100,858
Dividends per share (Unadj.) Rs 1.5 1.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for GUJ. STATE PETRONET

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 0.4x during FY18, from 3.3x 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 29.5x during FY18, from 13.4x 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 13.2% during FY18, from 11.0% 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 15.3% during FY18, from 16.0% 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 7.9% during FY18, from 9.5% 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 3.3 0.4
Debtors’ Days Days 42 34
Interest coverage x 13.4 29.5
Debt to equity ratio x 0.1 0.3
Return on assets % 9.5 7.9
Return on equity % 11.0 13.2
Return on capital employed % 16.0 15.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



To see how GUJ. STATE PETRONET has performed over the last 5 years, please visit here.

GUJ. STATE PETRONET Share Price Performance

Over the last one year, GUJ. STATE PETRONET share price has moved up from Rs 206.1 to Rs 179.2, registering a loss of Rs 27.0 or around 13.1%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 13,777.8 (down 0.4%). Over the last one year it has moved down from 16,390.0 to 13,777.8, a loss of 2,612 points (down 15.9%).

Overall, the S&P BSE SENSEX is up 7.8% over the year.

(To know more, check out historical annual results for GUJ. STATE PETRONET and quarterly results for GUJ. STATE PETRONET)

Equitymaster requests your view! Post a comment on "GUJ. STATE PETRONET 2017-18 Annual Report Analysis". Click here!

  

Related Views on News

GUJ. STATE PETRONET Announces Quarterly Results (1QFY20); Net Profit Up 42.7% (Quarterly Result Update)

Aug 5, 2019 | Updated on Aug 5, 2019

For the quarter ended June 2019, GUJ. STATE PETRONET has posted a net profit of Rs 2 bn (up 42.7% YoY). Sales on the other hand came in at Rs 5 bn (up 31.0% YoY). Read on for a complete analysis of GUJ. STATE PETRONET's quarterly results.

GUJ. STATE PETRONET Announces Quarterly Results (4QFY19); Net Profit Down 2.6% (Quarterly Result Update)

May 10, 2019 | Updated on May 10, 2019

For the quarter ended March 2019, GUJ. STATE PETRONET has posted a net profit of Rs 2 bn (down 2.6% YoY). Sales on the other hand came in at Rs 4 bn (up 23.8% YoY). Read on for a complete analysis of GUJ. STATE PETRONET's quarterly results.

More Views on News

Most Popular

My 3 Best Small-cap Stocks to Get Rich in this Market Rebound(Profit Hunter)

Oct 14, 2019

This is once in a decade opportunity to make a killing from smallcap rebound.

Finally, Is the Share Price of Yes Bank Ready for a Rebound?(The 5 Minute Wrapup)

Oct 7, 2019

Here's what every individual investor must know about Yes Bank...

Two Stocks to Buy in the Great Indian Festival(Profit Hunter)

Oct 11, 2019

Discounts are not just limited to E-tailers. You can buy stocks at 50% off too. Here are two stocks to buy now.

The One Stock I Like in this Market(The 5 Minute Wrapup)

Oct 10, 2019

There are rare periods in markets when you get good quality stocks at attractive valuations. Is this one such period?

5 Smart Money Stocks to Profit from the Market Rebound(The 5 Minute Wrapup)

Oct 11, 2019

Now is the time to put money in these 5 stocks to take advantage of the recovery in the economy and the markets.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

TRACK GUJ. STATE PETRONET

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

MORE ON GUJ. STATE PETRONET

GUJ. STATE PETRONET 8-QTR ANALYSIS

COMPARE GUJ. STATE PETRONET WITH

MARKET STATS