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RATTANINDIA POWER 2021-22 Annual Report Analysis
Sat, 17 Sep

RATTANINDIA POWER 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.

RATTANINDIA POWER Income Statement Analysis

  • Operating income during the year rose 109.0% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 42.9% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 11.2% in FY22 as against 41.0% in FY21.
  • Depreciation charges decreased by 0.3% and finance costs increased by 4.5% YoY, respectively.
  • Other income declined by 61.9% YoY.
  • Net profit for the year grew by NA YoY.
  • Net profit margins during the year declined from 60.4% in FY21 to 60.8% in FY22.

RATTANINDIA POWER Income Statement 2021-22

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Net Sales Rs m 15,599 32,595 109.0%
Other income Rs m 10,743 4,096 -61.9%
Total Revenues Rs m 26,342 36,692 39.3%
Gross profit Rs m 6,401 3,652 -42.9%
Depreciation Rs m 4,155 4,145 -0.3%
Interest Rs m 22,407 23,418 4.5%
Profit before tax Rs m -9,419 -19,814 NA
Tax Rs m 0 0 -100.0%
Profit after tax Rs m -9,419 -19,814 NA
Gross profit margin % 41.0 11.2
Effective tax rate % 0.0 0.0
Net profit margin % -60.4 -60.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



New Research: 2 stocks to buy as Nifty50 heads towards 40,000

RATTANINDIA POWER Balance Sheet Analysis

  • The company's current liabilities during FY22 stood at Rs 122 billion as compared to Rs 89 billion in FY21, thereby witnessing an increase of 36.3%.
  • Long-term debt down at Rs 71 billion as compared to Rs 92 billion during FY21, a fall of 22.5%.
  • Current assets rose 5% and stood at Rs 31 billion, while fixed assets fell 7% and stood at Rs 146 billion in FY22.
  • Overall, the total assets and liabilities for FY22 stood at Rs 177 billion as against Rs 186 billion during FY21, thereby witnessing a fall of 5%.

RATTANINDIA POWER Balance Sheet as on March 2022

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Networth Rs m -6,255 -26,622 NA
 
Current Liabilities Rs m 89,260 121,683 36.3
Long-term Debt Rs m 92,034 71,299 -22.5
Total Liabilities Rs m 186,155 176,584 -5.1
 
Current assets Rs m 29,494 30,840 4.6
Fixed Assets Rs m 156,661 145,743 -7.0
Total Assets Rs m 186,155 176,584 -5.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



RATTANINDIA POWER Cash Flow Statement Analysis

  • RATTANINDIA POWER's cash flow from operating activities (CFO) during FY22 stood at Rs 9 billion, an improvement of 26.8% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY22 stood at Rs 551 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY22 stood at Rs -10 billion on a YoY basis.
  • Overall, net cash flows for the company during FY22 stood at Rs 369 million from the Rs 424 million net cash flows seen during FY21.

RATTANINDIA POWER 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 7,364 9,341 26.8%
Cash Flow from Investing Activities Rs m 1,010 551 -45.4%
Cash Flow from Financing Activities Rs m -7,950 -9,523 -
Net Cash Flow Rs m 424 369 -12.9%
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for RATTANINDIA POWER

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs -3.7, an decline from the EPS of Rs -1.8 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 5.0, stands at -1.7 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at -1.0 times, while the price to sales ratio stands at 0.8 times.
  • The company's price to cash flow (P/CF) ratio stood at -2.1 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 2.9 6.1
TTM Earnings per share Rs -1.8 -3.7
Diluted earnings per share Rs -1.8 -3.7
Price to Cash Flow x -2.6 -2.1
TTM P/E ratio x -1.5 -1.7
Price / Book Value ratio x -2.4 -1.2
Market Cap Rs m 14,929 33,160
Dividends per share (Unadj.) Rs 0.0 0.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for RATTANINDIA POWER

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 0.3x during FY22, from 0.3x 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 deteriorated and stood at 0.2x during FY22, from 0.6x 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 74.4% during FY22, from 150.6% 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 8.1% during FY22, from 15.1% 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 declined and down at 2.0% during FY22, from 7.0% 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 0.3 0.3
Debtors’ Days Days 4,566 2,477
Interest coverage x 0.6 0.2
Debt to equity ratio x -14.7 -2.7
Return on assets % 7.0 2.0
Return on equity % 150.6 74.4
Return on capital employed % 15.1 8.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how RATTANINDIA POWER has performed over the last 5 years, please visit here.

RATTANINDIA POWER Share Price Performance

Over the last one year, RATTANINDIA POWER share price has moved up from Rs 4.7 to Rs 5.0, registering a gain of Rs 0.3 or around 6.6%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 5,250.7 (down 1.5%). Over the last one year it has moved up from 3,094.4 to 5,250.7, a gain of 2,156 points (up 69.7%).

Overall, the S&P BSE SENSEX is up 0.2% over the year.

(To know more, check out historical annual results for RATTANINDIA POWER and quarterly results for RATTANINDIA POWER)

Annual Report FAQs

What is the current share price of RATTANINDIA POWER?

RATTANINDIA POWER currently trades at Rs 8.2 per share. You can check out the latest share price performance of RATTANINDIA POWER here...

What was the revenue of RATTANINDIA POWER in FY22? How does it compare to earlier years?

The revenues of RATTANINDIA POWER stood at Rs 36,692 m in FY22, which was up 39.3% compared to Rs 26,342 m reported in FY21.

RATTANINDIA POWER's revenue has grown from Rs 22,036 m in FY18 to Rs 36,692 m in FY22.

Over the past 5 years, the revenue of RATTANINDIA POWER has grown at a CAGR of 13.6%.

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

The net loss of RATTANINDIA POWER stood at Rs -19,814 m in FY22, which was NA compared to Rs -9,419 m reported in FY21.

This compares to a net profit of Rs 1,652 m in FY20 and a net loss of Rs -33,280 m in FY19.

Over the past 5 years, RATTANINDIA POWER net profit has grown at a CAGR of 4.5%.

What does the cash flow statement of RATTANINDIA POWER 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 RATTANINDIA POWER reveals:

  • Cash flow from operations increased in FY22 and stood at Rs 9,341 m as compared to Rs 7,364 m in FY21.
  • Cash flow from investments decreased in FY22 and stood at Rs 551 m as compared to Rs 1,010 m in FY21.
  • Cash flow from financial activity decreased in FY22 and stood at Rs -9,523 m as compared to Rs -7,950 m in FY21.

Here's the cash flow statement of RATTANINDIA POWER for the past 5 years.

(Rs m)FY18FY19FY20FY21FY22
From Operations2,1488,3566,1047,3649,341
From Investments-1,072-1,614-9101,010551
From Financial Activity-2,348-8,009-4,757-7,950-9,523
Net Cashflow-1,272-1,267437424369

What does the Key Ratio analysis of RATTANINDIA POWER 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 RATTANINDIA POWER reveals:

  • Operating profit margins witnessed a fall and stood at 11.2% in FY22 as against 41.0% in FY21.
  • Net profit margins declined from 60.4% in FY21 to 60.8% in FY22.
  • Debt to Equity ratio for FY22 stood at -2.7 as compared to -14.7 in FY21.

Here's the ratio/financial analysis of RATTANINDIA POWER for the past 5 years.

 FY18FY19FY20FY21FY22
Operating Profit Margin (%)27.0-40.5179.041.011.2
Net Profit Margin (%)-81.0-173.09.3-60.4-60.8
Debt to Equity Ratio (x)4.4-13.123.0-14.7-2.7

Read: Latest Annual Report Analysis of RATTANINDIA POWER

 

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