INDRAPRASTHA GAS 2018-19 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?  

INDRAPRASTHA GAS 2018-19 Annual Report Analysis
Fri, 18 Oct

INDRAPRASTHA GAS 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.

INDRAPRASTHA GAS Income Statement Analysis

  • Operating income during the year rose 27.1% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 12.6% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 21.8% in FY19 as against 24.6% in FY18.
  • Depreciation charges increased by 10.9% and finance costs increased by 21.3% YoY, respectively.
  • Other income grew by 41.8% YoY.
  • Net profit for the year grew by 16.7% YoY.
  • Net profit margins during the year declined from 15.6% in FY18 to 14.3% in FY19.

INDRAPRASTHA GAS Income Statement 2018-19

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Net Sales Rs m 45,355 57,648 27.1%
Other income Rs m 906 1,285 41.8%
Total Revenues Rs m 46,260 58,933 27.4%
Gross profit Rs m 11,165 12,570 12.6%
Depreciation Rs m 1,813 2,011 10.9%
Interest Rs m 17 21 21.3%
Profit before tax Rs m 10,241 11,823 15.5%
Tax Rs m 3,742 4,272 14.1%
Profit after tax Rs m 7,217 8,421 16.7%
Gross profit margin % 24.6 21.8
Effective tax rate % 36.5 36.1
Net profit margin % 15.6 14.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



BREAKING NEWS: Massive Opportunity Triggered as Investing Legends Quit

INDRAPRASTHA GAS Balance Sheet Analysis

  • The company's current liabilities during FY19 stood at Rs 15 billion as compared to Rs 12 billion in FY18, thereby witnessing an increase of 30.1%.
  • Current assets rose 26% and stood at Rs 22 billion, while fixed assets rose 19% and stood at Rs 38 billion in FY19.
  • Overall, the total assets and liabilities for FY19 stood at Rs 62 billion as against Rs 51 billion during FY18, thereby witnessing a growth of 21%.

INDRAPRASTHA GAS Balance Sheet as on March 2019

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Networth Rs m 36,470 43,157 18.3
 
Current Liabilities Rs m 11,763 15,307 30.1
Long-term Debt Rs m 0 0 0.0
Total Liabilities Rs m 50,965 61,833 21.3
 
Current assets Rs m 17,826 22,424 25.8
Fixed Assets Rs m 32,445 38,470 18.6
Total Assets Rs m 50,965 61,833 21.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



INDRAPRASTHA GAS Cash Flow Statement Analysis

  • INDRAPRASTHA GAS's cash flow from operating activities (CFO) during FY19 stood at Rs 12 billion, an improvement of 31.6% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY19 stood at Rs -11 billion, an improvement of 56.3% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY19 stood at Rs -2 billion on a YoY basis.
  • Overall, net cash flows for the company during FY19 stood at Rs -1 billion from the Rs 781 million net cash flows seen during FY18.

INDRAPRASTHA GAS Cash Flow Statement 2018-19

Particulars No. of months 12 12 % Change
Year Ending Mar-18 Mar-19
Cash Flow from Operating Activities Rs m 8,793 11,572 31.6%
Cash Flow from Investing Activities Rs m -7,170 -11,208 -
Cash Flow from Financing Activities Rs m -842 -1,688 -
Net Cash Flow Rs m 781 -1,325 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for INDRAPRASTHA GAS

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 12.0, an improvement from the EPS of Rs 10.3 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 378.9, stands at 32.0 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 4.3 times, while the price to sales ratio stands at 3.2 times.
  • The company's price to cash flow (P/CF) ratio stood at 27.7 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-18* 12 Mar-19*
Sales per share (Unadj.) Rs 64.8 82.4
TTM Earnings per share Rs 10.3 12.0
Diluted earnings per share Rs 10.3 12.0
Price to Cash Flow x 31.9 27.7
TTM P/E ratio x 32.0 32.0
Price / Book Value ratio x 18.2 4.3
Market Cap Rs m 265,195 265,195
Dividends per share (Unadj.) Rs 2.0 2.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for INDRAPRASTHA GAS

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 1.5x during FY19, from 1.5x 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 deteriorated and stood at 577.7x during FY19, from 606.9x 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.

  • Profitability Ratios
  • Return on Equity (ROE): The ROE for the company declined and down at 19.5% during FY19, from 19.8% 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 declined and down at 29.5% during FY19, from 30.1% 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 declined and down at 13.7% during FY19, from 14.2% during FY18. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-18* 12 Mar-19*
Current ratio x 1.5 1.5
Debtors’ Days Days 18 14
Interest coverage x 606.9 577.7
Debt to equity ratio x 0.0 0.0
Return on assets % 14.2 13.7
Return on equity % 19.8 19.5
Return on capital employed % 30.1 29.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



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

INDRAPRASTHA GAS Share Price Performance

Over the last one year, INDRAPRASTHA GAS share price has moved up from Rs 241.7 to Rs 378.9, registering a gain of Rs 137.2 or around 56.7%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 15,291.7 (up 0.8%). Over the last one year it has moved up from 13,248.0 to 15,291.7, a gain of 2,044 points (up 15.4%).

Overall, the S&P BSE SENSEX is up 12.8% over the year.

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

Equitymaster requests your view! Post a comment on "INDRAPRASTHA GAS 2018-19 Annual Report Analysis". Click here!

  

Related Views on News

INDRAPRASTHA GAS Announces Quarterly Results (3QFY20); Net Profit Up 43.4% (Quarterly Result Update)

Feb 11, 2020 | Updated on Feb 11, 2020

For the quarter ended December 2019, INDRAPRASTHA GAS has posted a net profit of Rs 3 bn (up 43.4% YoY). Sales on the other hand came in at Rs 18 bn (up 10.4% YoY). Read on for a complete analysis of INDRAPRASTHA GAS's quarterly results.

INDRAPRASTHA GAS Announces Quarterly Results (2QFY20); Net Profit Up 103.4% (Quarterly Result Update)

Nov 14, 2019 | Updated on Nov 14, 2019

For the quarter ended September 2019, INDRAPRASTHA GAS has posted a net profit of Rs 4 bn (up 103.4% YoY). Sales on the other hand came in at Rs 19 bn (up 19.4% YoY). Read on for a complete analysis of INDRAPRASTHA GAS's quarterly results.

INDRAPRASTHA GAS 2017-18 Annual Report Analysis (Annual Result Update)

Sep 25, 2018 | Updated on Sep 25, 2018

Here's an analysis of the annual report of INDRAPRASTHA GAS for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of INDRAPRASTHA GAS. Also includes updates on the valuation of INDRAPRASTHA GAS.

More Views on News

Most Popular

This Crorepati Stock Could Be the Best Vaccine for Your Portfolio Against Coronavirus(Profit Hunter)

Mar 17, 2020

If there is one stock I had to recommend you amid Coronavirus outbreak, this would be it.

If I Were to Recommend One Stock Amid Coronavirus Outbreak, This Would be It.(Profit Hunter)

Mar 19, 2020

Coronavirus outbreak has made no impact on the long term prospects of my favourite smallcap. What it has indeed done is brought the company below my buy price, making it even more attractive investment at current price.

Why India Will Be the Biggest Winner in a Post-Coronavirus World(The 5 Minute Wrapup)

Mar 19, 2020

The way businesses operate will change in a major way post the coronavirus impact. Here's why India stands to benefit from this change...

A Big Trading Opportunity is Coming Your Way Soon(Fast Profits Daily)

Mar 25, 2020

I see a big opportunity to make fast profits on the horizon.

The Real Long-Term Impact of the Coronavirus on India(The 5 Minute Wrapup)

Mar 18, 2020

My view on the impact of the Coronavirus on the Indian economy.

More

How to Trade the
Coronavirus Crash

Coronavirus Crash
Get this special report, authored by Equitymaster's top analysts, now.
We will never sell or rent your email id.
Please read our Terms

TRACK INDRAPRASTHA GAS

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

MORE ON INDRAPRASTHA GAS

INDRAPRASTHA GAS - PETROCHINA COMPARISON

COMPARE INDRAPRASTHA GAS WITH

MARKET STATS