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GAYATRI SUGAR 2021-22 Annual Report Analysis
Mon, 7 Nov

GAYATRI SUGAR has announced its results for the year ended March 2022. Let us have a look at the detailed performance review of the company during FY21-22.

GAYATRI SUGAR Income Statement Analysis

  • Operating income during the year rose 45.5% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 266.7% YoY during the fiscal. Operating profit margins witnessed a fall and down at 7.4% in FY22 as against 3.0% in FY21.
  • Depreciation charges increased by 2.0% and finance costs decreased by 1.7% YoY, respectively.
  • Other income grew by 129.0% YoY.
  • Net profit for the year declined by NA YoY.
  • Net profit margins during the year grew from 11.5% in FY21 to 2.3% in FY22.

GAYATRI SUGAR Income Statement 2021-22

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Net Sales Rs m 2,479 3,607 45.5%
Other income Rs m 2 5 129.0%
Total Revenues Rs m 2,481 3,612 45.6%
Gross profit Rs m 73 269 266.7%
Depreciation Rs m 103 105 2.0%
Interest Rs m 257 253 -1.7%
Profit before tax Rs m -285 -84 NA
Tax Rs m 0 0 0.0
Profit after tax Rs m -285 -84 NA
Gross profit margin % 3.0 7.4
Effective tax rate % 0.0 0.0
Net profit margin % -11.5 -2.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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GAYATRI SUGAR Balance Sheet Analysis

  • The company's current liabilities during FY22 stood at Rs 3 billion as compared to Rs 3 billion in FY21, thereby witnessing an increase of 13.1%.
  • Long-term debt down at Rs 745 million as compared to Rs 755 million during FY21, a fall of 1.4%.
  • Current assets rose 22% and stood at Rs 1 billion, while fixed assets rose 3% and stood at Rs 906 million in FY22.
  • Overall, the total assets and liabilities for FY22 stood at Rs 2 billion as against Rs 2 billion during FY21, thereby witnessing a growth of 13%.

GAYATRI SUGAR Balance Sheet as on March 2022

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Networth Rs m -1,531 -1,622 NA
 
Current Liabilities Rs m 2,542 2,877 13.1
Long-term Debt Rs m 755 745 -1.4
Total Liabilities Rs m 1,828 2,062 12.8
 
Current assets Rs m 950 1,156 21.8
Fixed Assets Rs m 878 906 3.2
Total Assets Rs m 1,828 2,062 12.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



GAYATRI SUGAR Cash Flow Statement Analysis

  • GAYATRI SUGAR's cash flow from operating activities (CFO) during FY22 stood at Rs 552 million, an improvement of 273.9% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY22 stood at Rs -151 million, an improvement of 1,513.0% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY22 stood at Rs -407 million on a YoY basis.
  • Overall, net cash flows for the company during FY22 stood at Rs -6 million from the Rs -8 million net cash flows seen during FY21.

GAYATRI SUGAR Cash Flow Statement 2021-22

Particulars No. of months 12 12 % Change
Year Ending Mar-21 Mar-22
Cash Flow from Operating Activities Rs m 148 552 273.9%
Cash Flow from Investing Activities Rs m -9 -151 -
Cash Flow from Financing Activities Rs m -146 -407 -
Net Cash Flow Rs m -8 -6 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for GAYATRI SUGAR

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs -1.9, an improvement from the EPS of Rs -6.5 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 4.0, stands at -1.4 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at -0.1 times, while the price to sales ratio stands at 0.0 times.
  • The company's price to cash flow (P/CF) ratio stood at 7.2 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-21* 12 Mar-22*
Sales per share (Unadj.) Rs 56.7 82.5
TTM Earnings per share Rs -6.5 -1.9
Diluted earnings per share Rs -6.5 -1.9
Price to Cash Flow x -0.4 7.2
TTM P/E ratio x -0.3 -1.4
Price / Book Value ratio x 0.0 -0.1
Market Cap Rs m 66 148
Dividends per share (Unadj.) Rs 0.0 0.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for GAYATRI SUGAR

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 0.4x during FY22, from 0.4x during FY21. 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 0.7x during FY22, from -0.1x during FY21. 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 5.2% during FY22, from 18.6% during FY22. 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 -19.2% during FY22, from 3.5% during FY21. 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 8.2% during FY22, from -1.5% during FY21. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-21* 12 Mar-22*
Current ratio x 0.4 0.4
Debtors’ Days Days 330 394
Interest coverage x -0.1 0.7
Debt to equity ratio x -0.5 -0.5
Return on assets % -1.5 8.2
Return on equity % 18.6 5.2
Return on capital employed % 3.5 -19.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how GAYATRI SUGAR has performed over the last 5 years, please visit here.

GAYATRI SUGAR Share Price Performance

Over the last one year, GAYATRI SUGAR share price has moved up from Rs 2.6 to Rs 4.0, registering a gain of Rs 1.5 or around 56.6%.

Overall, the S&P BSE SENSEX is up 2.4% over the year.

(To know more, check out historical annual results for GAYATRI SUGAR and quarterly results for GAYATRI SUGAR)

Annual Report FAQs

What is the current share price of GAYATRI SUGAR?

GAYATRI SUGAR currently trades at Rs 0.0 per share. You can check out the latest share price performance of GAYATRI SUGAR here...

What was the revenue of GAYATRI SUGAR in FY22? How does it compare to earlier years?

The revenues of GAYATRI SUGAR stood at Rs 3,612 m in FY22, which was up 45.6% compared to Rs 2,481 m reported in FY21.

GAYATRI SUGAR's revenue has grown from Rs 2,506 m in FY18 to Rs 3,612 m in FY22.

Over the past 5 years, the revenue of GAYATRI SUGAR has grown at a CAGR of 9.6%.

What was the net profit of GAYATRI SUGAR in FY22? How does it compare to earlier years?

The net loss of GAYATRI SUGAR stood at Rs -84 m in FY22, which was NA compared to Rs -285 m reported in FY21.

This compares to a net loss of Rs -277 m in FY20 and a net loss of Rs -195 m in FY19.

Over the past 5 years, GAYATRI SUGAR net profit has grown at a CAGR of NaN%.

What does the cash flow statement of GAYATRI SUGAR 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 GAYATRI SUGAR reveals:

  • Cash flow from operations increased in FY22 and stood at Rs 552 m as compared to Rs 148 m in FY21.
  • Cash flow from investments decreased in FY22 and stood at Rs -151 m as compared to Rs -9 m in FY21.
  • Cash flow from financial activity decreased in FY22 and stood at Rs -407 m as compared to Rs -146 m in FY21.

Here's the cash flow statement of GAYATRI SUGAR for the past 5 years.

(Rs m)FY18FY19FY20FY21FY22
From Operations374338256148552
From Investments-42-2614-9-151
From Financial Activity-320-389-274-146-407
Net Cashflow13-77-4-8-6

What does the Key Ratio analysis of GAYATRI SUGAR 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 GAYATRI SUGAR reveals:

  • Operating profit margins witnessed a fall and down at 7.4% in FY22 as against 3.0% in FY21.
  • Net profit margins grew from 11.5% in FY21 to 2.3% in FY22.
  • Debt to Equity ratio for FY22 stood at -0.5 as compared to -0.5 in FY21.

Here's the ratio/financial analysis of GAYATRI SUGAR for the past 5 years.

 FY18FY19FY20FY21FY22
Operating Profit Margin (%)17.14.52.33.07.4
Net Profit Margin (%)5.2-6.2-9.8-11.5-2.3
Debt to Equity Ratio (x)-1.2-0.9-0.6-0.5-0.5

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