RATTANINDIA ENTERPRISES 2021-22 Annual Report Analysis

Mon, 19 Sep

RATTANINDIA ENTERPRISES 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 ENTERPRISES Income Statement Analysis

• Operating income during the year rose 13893.0% on a year-on-year (YoY) basis.
• The company's operating profit was by NA YoY during the fiscal. Operating profit margins witnessed a growth and down at 156.1% in FY22 as against 1674.0% in FY21.
• Depreciation charges increased by 62650.0% and finance costs increased by 4832.4% YoY, respectively.
• Other income grew by 33562.5% YoY.
• Net profit for the year grew by 7912228.6% YoY.
• Net profit margins during the year grew from 0.0% in FY21 to 3958.1% in FY22.

RATTANINDIA ENTERPRISES Income Statement 2021-22

No. of Mths Year Ending		12 Mar-21*	12 Mar-22*	% Change
Net Sales	Rs m	1	140	13,893.0%
Other income	Rs m	17	5,790	33,562.5%
Total Revenues	Rs m	18	5,930	32,481.8%
Gross profit	Rs m	-17	-218	NA
Depreciation	Rs m	0	13	62,650.0%
Interest	Rs m	0	18	4,832.4%
Profit before tax	Rs m	0	5,541	7,915,142.9%
Tax	Rs m	0	2	0.0
Profit after tax	Rs m	0	5,539	7,912,228.6%
Gross profit margin	%	-1,674.0	-156.1
Effective tax rate	%	0.0	0.0
Net profit margin	%	0.0	3,958.1

Download Now: Exclusive Guide About India's Potentially Decade-Long $10 Trillion Bull Run...

RATTANINDIA ENTERPRISES Balance Sheet Analysis

• The company's current liabilities during FY22 stood at Rs 2 billion as compared to Rs 5 million in FY21, thereby witnessing an increase of 32130.4%.
• Current assets rose 148% and stood at Rs 2 billion, while fixed assets rose 117,769% and stood at Rs 7 billion in FY22.
• Overall, the total assets and liabilities for FY22 stood at Rs 9 billion as against Rs 850 million during FY21, thereby witnessing a growth of 969%.

RATTANINDIA ENTERPRISES Balance Sheet as on March 2022

No. of Mths Year Ending		12 Mar-21*	12 Mar-22*	% Change
Networth	Rs m	848	6,988	724.1
Current Liabilities	Rs m	5	1,750	32,130.4
Long-term Debt	Rs m	0	0	0.0
Total Liabilities	Rs m	850	9,085	969.0
Current assets	Rs m	844	2,095	148.2
Fixed Assets	Rs m	6	6,990	117,769.3
Total Assets	Rs m	850	9,085	969.0

RATTANINDIA ENTERPRISES Cash Flow Statement Analysis

• RATTANINDIA ENTERPRISES's cash flow from operating activities (CFO) during FY22 stood at Rs -135 million on a YoY basis.
• Cash flow from investing activities (CFI) during FY22 stood at Rs -1 billion, an improvement of 52.1% on a YoY basis.
• Cash flow from financial activities (CFF) during FY22 stood at Rs 1 billion, an improvement of 0% on a YoY basis.
• Overall, net cash flows for the company during FY22 stood at Rs 18 million from the Rs 0 million net cash flows seen during FY21.

RATTANINDIA ENTERPRISES 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	671	-135	-
Cash Flow from Investing Activities	Rs m	-671	-1,021	-
Cash Flow from Financing Activities	Rs m	0	1,174	0.0%
Net Cash Flow	Rs m	0	18	-

Current Valuations for RATTANINDIA ENTERPRISES

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 4.0, an improvement from the EPS of Rs 0.0 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 52.0, stands at 20.3 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 10.3 times, while the price to sales ratio stands at 513.7 times.
• The company's price to cash flow (P/CF) ratio stood at 9.4 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	0.0	0.1
TTM Earnings per share	Rs	0.0	4.0
Diluted earnings per share	Rs	0.0	4.0
Price to Cash Flow	x	81,824.0	9.4
TTM P/E ratio	x	88,983.6	20.3
Price / Book Value ratio	x	10.6	7.4
Market Cap	Rs m	8,950	51,925
Dividends per share (Unadj.)	Rs	0.0	0.0

Ratio Analysis for RATTANINDIA ENTERPRISES

• Solvency Ratios

Current Ratio: The company's current ratio deteriorated and stood at 1.2x during FY22, from 155.4x 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 304.6x during FY22, from 1.2x 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 improved and stood at 79.3% during FY22, from 0.0% 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 improved and stood at 79.6% during FY22, from 0.1% 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 improved and stood at 61.2% during FY22, from 0.1% 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	155.4	1.2
Debtors’ Days	Days	0	437
Interest coverage	x	1.2	304.6
Debt to equity ratio	x	0.0	0.0
Return on assets	%	0.1	61.2
Return on equity	%	0.0	79.3
Return on capital employed	%	0.1	79.6

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

RATTANINDIA ENTERPRISES Share Price Performance

Over the last one year, RATTANINDIA ENTERPRISES share price has moved up from Rs 46.6 to Rs 52.0, registering a gain of Rs 5.5 or around 11.7%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 5,216.0 (down 0.7%). Over the last one year it has moved up from 3,094.4 to 5,216.0, a gain of 2,122 points (up 68.6%).

Overall, the S&P BSE SENSEX is up 0.7% over the year.

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

Read: Latest Annual Report Analysis of RATTANINDIA ENTERPRISES