SUNTECK REALTY 2020-21 Annual Report Analysis

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SUNTECK REALTY 2020-21 Annual Report Analysis
Fri, 22 Oct

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 13.0% in FY20 to 6.6% 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 % 13.0 6.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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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 467.6, stands at 136.9 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 1.4 times, while the price to sales ratio stands at 6.2 times.
  • The company's price to cash flow (P/CF) ratio stood at 146.2 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 82.8 146.2
TTM P/E ratio x 131.3 136.9
Price / Book Value ratio x 1.8 1.4
Market Cap Rs m 65,631 68,447
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 282.3 to Rs 467.6, registering a gain of Rs 185.3 or around 65.6%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 4,080.7 (up 2.4%). Over the last one year it has moved up from 1,871.8 to 4,080.7, a gain of 2,209 points (up 118.0%).

Overall, the S&P BSE SENSEX is up 50.0% over the year.

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

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SUNTECK REALTY Announces Quarterly Results (1QFY22); Net Profit Up 269.1% (Quarterly Result Update)

Aug 3, 2021 | Updated on Aug 3, 2021

For the quarter ended June 2021, SUNTECK REALTY has posted a net profit of Rs 44 m (up 269.1% YoY). Sales on the other hand came in at Rs 927 m (up 68.7% YoY). Read on for a complete analysis of SUNTECK REALTY's quarterly results.

SUNTECK REALTY Announces Quarterly Results (1QFY21); Net Profit Down 91.7% (Quarterly Result Update)

Aug 26, 2020 | Updated on Aug 26, 2020

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