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SUNTECK REALTY 2020-21 Annual Report Analysis
Wed, 31 Mar

SUNTECK REALTY has announced its results for the year ended March 2021. Let us have a look at the detailed performance review of the company during FY20-21.

SUNTECK REALTY Income Statement Analysis

  • Operating income during the year rose 9.7% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 22.2% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 21.3% in FY21 as against 30.0% in FY20.
  • Depreciation charges increased by 40.2% and finance costs increased by 4.1% YoY, respectively.
  • Other income declined by 17.1% YoY.
  • Net profit for the year declined by 45.0% YoY.
  • Net profit margins during the year declined from 13.5% in FY20 to 6.8% in FY21.

SUNTECK REALTY Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 5,597 6,139 9.7%
Other income Rs m 205 170 -17.1%
Total Revenues Rs m 5,802 6,308 8.7%
Gross profit Rs m 1,682 1,309 -22.2%
Depreciation Rs m 37 52 40.2%
Interest Rs m 813 846 4.1%
Profit before tax Rs m 1,036 580 -44.0%
Tax Rs m 281 164 -41.5%
Profit after tax Rs m 756 416 -45.0%
Gross profit margin % 30.0 21.3
Effective tax rate % 27.1 28.3
Net profit margin % 13.5 6.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Read Now: We're Bullish on 2 Non-Nifty Stocks

SUNTECK REALTY Balance Sheet Analysis

  • The company's current liabilities during FY21 down at Rs 7 billion as compared to Rs 10 billion in FY20, thereby witnessing an decrease of -23.9%.
  • Long-term debt stood at Rs 6 billion as compared to Rs 5 billion during FY20, a growth of 16.4%.
  • Current assets fell 2% and stood at Rs 37 billion, while fixed assets fell 4% and stood at Rs 6 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 43 billion as against Rs 44 billion during FY20, thereby witnessing a fall of 3%.

SUNTECK REALTY Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 27,458 27,697 0.9
 
Current Liabilities Rs m 9,597 7,308 -23.9
Long-term Debt Rs m 4,741 5,520 16.4
Total Liabilities Rs m 43,978 42,768 -2.8
 
Current assets Rs m 37,633 36,700 -2.5
Fixed Assets Rs m 6,345 6,068 -4.4
Total Assets Rs m 43,978 42,768 -2.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



SUNTECK REALTY Cash Flow Statement Analysis

  • SUNTECK REALTY's cash flow from operating activities (CFO) during FY21 stood at Rs 3 billion on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs 145 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -3 billion on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs -316 million from the Rs -79 million net cash flows seen during FY20.

SUNTECK REALTY Cash Flow Statement 2020-21

Particulars No. of months 12 12 % Change
Year Ending Mar-20 Mar-21
Cash Flow from Operating Activities Rs m -780 2,861 -
Cash Flow from Investing Activities Rs m -178 145 -
Cash Flow from Financing Activities Rs m 879 -3,323 -
Net Cash Flow Rs m -79 -316 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for SUNTECK REALTY

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 3.0, an decline from the EPS of Rs 5.4 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 278.9, stands at 92.5 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 1.5 times, while the price to sales ratio stands at 6.4 times.
  • The company's price to cash flow (P/CF) ratio stood at 80.8 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-20* 12 Mar-21*
Sales per share (Unadj.) Rs 39.9 43.7
TTM Earnings per share Rs 5.4 3.0
Diluted earnings per share Rs 5.2 2.8
Price to Cash Flow x 38.8 80.8
TTM P/E ratio x 31.3 92.5
Price / Book Value ratio x 1.8 1.4
Market Cap Rs m 48,853 37,833
Dividends per share (Unadj.) Rs 1.5 1.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for SUNTECK REALTY

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 5.0x during FY21, from 3.9x during FY20. 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 1.7x during FY21, from 2.3x during FY20. 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 1.5% during FY21, from 2.8% during FY21. 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 4.3% during FY21, from 5.7% during FY20. 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 3.0% during FY21, from 3.6% during FY20. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-20* 12 Mar-21*
Current ratio x 3.9 5.0
Debtors’ Days Days 2,411 1,993
Interest coverage x 2.3 1.7
Debt to equity ratio x 0.2 0.2
Return on assets % 3.6 3.0
Return on equity % 2.8 1.5
Return on capital employed % 5.7 4.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how SUNTECK REALTY has performed over the last 5 years, please visit here.

SUNTECK REALTY Share Price Performance

Over the last one year, SUNTECK REALTY share price has moved up from Rs 210.3 to Rs 278.9, registering a gain of Rs 68.7 or around 32.7%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,670.3 (up 1.9%). Over the last one year it has moved up from 1,353.7 to 2,670.3, a gain of 1,317 points (up 97.3%).

Overall, the S&P BSE SENSEX is up 74.1% over the year.

(To know more, check out historical annual results for SUNTECK REALTY and quarterly results for SUNTECK REALTY)

Annual Report FAQs

What is the current share price of SUNTECK REALTY?

SUNTECK REALTY currently trades at Rs 389.2 per share. You can check out the latest share price performance of SUNTECK REALTY here...

What was the revenue of SUNTECK REALTY in FY21? How does it compare to earlier years?

The revenues of SUNTECK REALTY stood at Rs 6,308 m in FY21, which was up 8.7% compared to Rs 5,802 m reported in FY20.

SUNTECK REALTY's revenue has fallen from Rs 9,604 m in FY17 to Rs 6,308 m in FY21.

Over the past 5 years, the revenue of SUNTECK REALTY has grown at a CAGR of -10.0%.

What was the net profit of SUNTECK REALTY in FY21? How does it compare to earlier years?

The net profit of SUNTECK REALTY stood at Rs 416 m in FY21, which was down -45.0% compared to Rs 756 m reported in FY20.

This compares to a net profit of Rs 2,409 m in FY19 and a net profit of Rs 2,297 m in FY18.

Over the past 5 years, SUNTECK REALTY net profit has grown at a CAGR of -34.2%.

What does the cash flow statement of SUNTECK REALTY 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 SUNTECK REALTY reveals:

  • Cash flow from operations increased in FY21 and stood at Rs 2,861 m as compared to Rs -780 m in FY20.
  • Cash flow from investments increased in FY21 and stood at Rs 145 m as compared to Rs -178 m in FY20.
  • Cash flow from financial activity decreased in FY21 and stood at Rs -3,323 m as compared to Rs 879 m in FY20.

Here's the cash flow statement of SUNTECK REALTY for the past 5 years.

(Rs m)FY17FY18FY19FY20FY21
From Operations2,427-1,685-79-7802,861
From Investments882180723-178145
From Financial Activity-3,3711,401-224879-3,323
Net Cashflow-61-105420-79-316

What does the Key Ratio analysis of SUNTECK REALTY 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 SUNTECK REALTY reveals:

  • Operating profit margins witnessed a fall and stood at 21.3% in FY21 as against 30.0% in FY20.
  • Net profit margins declined from 13.5% in FY20 to 6.8% in FY21.
  • Debt to Equity ratio for FY21 stood at 0.2 as compared to 0.2 in FY20.

Here's the ratio/financial analysis of SUNTECK REALTY for the past 5 years.

 FY17FY18FY19FY20FY21
Operating Profit Margin (%)42.248.144.130.021.3
Net Profit Margin (%)23.225.928.113.56.8
Debt to Equity Ratio (x)0.00.00.00.20.2

Read: Latest Annual Report Analysis of SUNTECK REALTY

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