HERITAGE FOOD has announced its results for the year ended March 2019. Let us have a look at the detailed performance review of the company during FY18-19.
No. of Mths Year Ending | 12 Mar-18* | 12 Mar-19* | % Change | |
---|---|---|---|---|
Net Sales | Rs m | 23,731 | 25,148 | 6.0% |
Other income | Rs m | 77 | 90 | 17.6% |
Total Revenues | Rs m | 23,808 | 25,238 | 6.0% |
Gross profit | Rs m | 1,383 | 1,850 | 33.8% |
Depreciation | Rs m | 378 | 447 | 18.1% |
Interest | Rs m | 182 | 215 | 17.8% |
Profit before tax | Rs m | 899 | 1,279 | 42.3% |
Tax | Rs m | 271 | 447 | 64.7% |
Profit after tax | Rs m | 627 | 829 | 32.2% |
Gross profit margin | % | 5.8 | 7.4 | |
Effective tax rate | % | 30.2 | 34.9 | |
Net profit margin | % | 2.6 | 3.3 |
No. of Mths Year Ending | 12 Mar-18* | 12 Mar-19* | % Change | |
---|---|---|---|---|
Networth | Rs m | 7,777 | 8,026 | 3.2 |
Current Liabilities | Rs m | 3,259 | 3,256 | -0.1 |
Long-term Debt | Rs m | 1,423 | 1,666 | 17.0 |
Total Liabilities | Rs m | 17,066 | 16,345 | -4.2 |
Current assets | Rs m | 2,540 | 2,749 | 8.2 |
Fixed Assets | Rs m | 4,424 | 5,260 | 18.9 |
Total Assets | Rs m | 17,066 | 16,345 | -4.2 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Mar-18 | Mar-19 | ||
Cash Flow from Operating Activities | Rs m | 1,212 | 1,480 | 22.1% |
Cash Flow from Investing Activities | Rs m | -2,000 | -1,331 | - |
Cash Flow from Financing Activities | Rs m | 555 | -33 | - |
Net Cash Flow | Rs m | -234 | 115 | - |
No. of Mths Year Ending | 12 Mar-18* | 12 Mar-19* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 1,022.9 | 1,083.9 |
TTM Earnings per share | Rs | 27.0 | 35.7 |
Diluted earnings per share | Rs | 13.5 | 17.9 |
Price to Cash Flow | x | 8.7 | 13.7 |
TTM P/E ratio | x | 10.9 | 21.7 |
Price / Book Value ratio | x | 2.1 | 1.7 |
Market Cap | Rs m | 8,770 | 17,538 |
Dividends per share (Unadj.) | Rs | 2.0 | 2.0 |
Current Ratio: The company's current ratio improved and stood at 0.8x during FY19, from 0.8x during FY18. 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 7.0x during FY19, from 5.9x during FY18. 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.
Return on Equity (ROE): The ROE for the company improved and stood at 10.3% during FY19, from 8.1% during FY19. 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 15.4% during FY19, from 11.7% during FY18. 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 6.4% during FY19, from 4.7% during FY18. The ROA measures how efficiently the company uses its assets to generate earnings.
No. of Mths Year Ending | 12 Mar-18* | 12 Mar-19* | |
---|---|---|---|
Current ratio | x | 0.8 | 0.8 |
Debtors’ Days | Days | 2 | 6 |
Interest coverage | x | 5.9 | 7.0 |
Debt to equity ratio | x | 0.2 | 0.2 |
Return on assets | % | 4.7 | 6.4 |
Return on equity | % | 8.1 | 10.3 |
Return on capital employed | % | 11.7 | 15.4 |
To see how HERITAGE FOOD has performed over the last 5 years, please visit here.
Over the last one year, HERITAGE FOOD share price has moved down from Rs 574.7 to Rs 378.0, registering a loss of Rs 196.7 or around 34.2%.
Overall, the S&P BSE SENSEX is down 2.5% over the year.
(To know more, check out historical annual results for HERITAGE FOOD and quarterly results for HERITAGE FOOD)
For the quarter ended December 2019, HERITAGE FOOD has posted a net profit of Rs 119 m (down 41.3% YoY). Sales on the other hand came in at Rs 7 bn (up 8.7% YoY). Read on for a complete analysis of HERITAGE FOOD's quarterly results.
Does the company with one of the fastest-growing QSR chains in India have sound prospects?
For the quarter ended September 2019, HERITAGE FOOD has posted a net profit of Rs 109 m (down 48.4% YoY). Sales on the other hand came in at Rs 7 bn (up 9.7% YoY). Read on for a complete analysis of HERITAGE FOOD's quarterly results.
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