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INFLAME APPLIANCES 2021-22 Annual Report Analysis
Tue, 23 Aug

INFLAME APPLIANCES 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.

INFLAME APPLIANCES Income Statement Analysis

  • Operating income during the year rose 99.4% on a year-on-year (YoY) basis.
  • The company's operating profit was by NA YoY during the fiscal. Operating profit margins witnessed a fall and down at 3.4% in FY22 as against 9.6% in FY21.
  • Depreciation charges increased by 1.3% and finance costs increased by 70.6% YoY, respectively.
  • Other income declined by 57.1% YoY.
  • Net profit for the year declined by NA YoY.
  • Net profit margins during the year grew from 16.9% in FY21 to 4.2% in FY22.

INFLAME APPLIANCES Income Statement 2021-22

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Net Sales Rs m 199 396 99.4%
Other income Rs m 2 1 -57.1%
Total Revenues Rs m 201 397 97.5%
Gross profit Rs m -19 13 NA
Depreciation Rs m 18 18 1.3%
Interest Rs m 11 18 70.6%
Profit before tax Rs m -45 -22 NA
Tax Rs m -12 -6 NA
Profit after tax Rs m -34 -16 NA
Gross profit margin % -9.6 3.4
Effective tax rate % 25.7 25.3
Net profit margin % -16.9 -4.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

INFLAME APPLIANCES Balance Sheet Analysis

  • The company's current liabilities during FY22 down at Rs 207 million as compared to Rs 220 million in FY21, thereby witnessing an decrease of -5.9%.
  • Long-term debt down at Rs 38 million as compared to Rs 89 million during FY21, a fall of 57.3%.
  • Current assets rose 0% and stood at Rs 239 million, while fixed assets rose 1% and stood at Rs 118 million in FY22.
  • Overall, the total assets and liabilities for FY22 stood at Rs 359 million as against Rs 359 million during FY21, thereby witnessing a fall of 0%.

INFLAME APPLIANCES Balance Sheet as on March 2022

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Networth Rs m 42 142 237.6
 
Current Liabilities Rs m 220 207 -5.9
Long-term Debt Rs m 89 38 -57.3
Total Liabilities Rs m 359 359 0.0
 
Current assets Rs m 239 239 0.1
Fixed Assets Rs m 117 118 0.9
Total Assets Rs m 359 359 0.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



INFLAME APPLIANCES Cash Flow Statement Analysis

  • INFLAME APPLIANCES's cash flow from operating activities (CFO) during FY22 stood at Rs -48 million, an improvement of 73.3% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY22 stood at Rs -6 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY22 stood at Rs 54 million on a YoY basis.
  • Overall, net cash flows for the company during FY22 stood at Rs -1 million from the Rs 1 million net cash flows seen during FY21.

INFLAME APPLIANCES 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 -28 -48 -
Cash Flow from Investing Activities Rs m -28 -6 -
Cash Flow from Financing Activities Rs m 56 54 -4.7%
Net Cash Flow Rs m 1 -1 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for INFLAME APPLIANCES

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs -2.5, an improvement from the EPS of Rs -5.6 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 449.0, stands at -199.3 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 23.2 times, while the price to sales ratio stands at 7.5 times.
  • The company's price to cash flow (P/CF) ratio stood at 1,363.1 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 33.1 59.6
TTM Earnings per share Rs -5.6 -2.5
Diluted earnings per share Rs -4.6 -2.3
Price to Cash Flow x -74.1 1,363.1
TTM P/E ratio x -34.8 -199.3
Price / Book Value ratio x 19.0 15.3
Market Cap Rs m 798 2,174
Dividends per share (Unadj.) Rs 0.0 0.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for INFLAME APPLIANCES

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.2x during FY22, from 1.1x 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 -0.2x during FY22, from -3.2x 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 -11.6% during FY22, from -80.1% 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 -2.1% during FY22, from -26.3% 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 0.5% during FY22, from -6.4% 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 1.1 1.2
Debtors’ Days Days 237,539 108,740
Interest coverage x -3.2 -0.2
Debt to equity ratio x 2.1 0.3
Return on assets % -6.4 0.5
Return on equity % -80.1 -11.6
Return on capital employed % -26.3 -2.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how INFLAME APPLIANCES has performed over the last 5 years, please visit here.

INFLAME APPLIANCES Share Price Performance

Over the last one year, INFLAME APPLIANCES share price has moved up from Rs 182.8 to Rs 449.0, registering a gain of Rs 266.2 or around 145.6%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 41,070.7 (up 1.5%). Over the last one year it has moved up from 36,124.8 to 41,070.7, a gain of 4,946 points (up 13.7%).

Overall, the S&P BSE SENSEX is up 6.7% over the year.

(To know more, check out historical annual results for INFLAME APPLIANCES and quarterly results for INFLAME APPLIANCES)

Annual Report FAQs

What is the current share price of INFLAME APPLIANCES?

INFLAME APPLIANCES currently trades at Rs 495.1 per share. You can check out the latest share price performance of INFLAME APPLIANCES here...

What was the revenue of INFLAME APPLIANCES in FY22? How does it compare to earlier years?

The revenues of INFLAME APPLIANCES stood at Rs 397 m in FY22, which was up 97.5% compared to Rs 201 m reported in FY21.

INFLAME APPLIANCES' revenue has grown from Rs 90 m in FY18 to Rs 397 m in FY22.

Over the past 5 years, the revenue of INFLAME APPLIANCES has grown at a CAGR of 45.0%.

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

The net loss of INFLAME APPLIANCES stood at Rs -16 m in FY22, which was NA compared to Rs -34 m reported in FY21.

This compares to a net loss of Rs -43 m in FY20 and a net profit of Rs 21 m in FY19.

Over the past 5 years, INFLAME APPLIANCES net profit has grown at a CAGR of NaN%.

What does the cash flow statement of INFLAME APPLIANCES 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 INFLAME APPLIANCES reveals:

  • Cash flow from operations decreased in FY22 and stood at Rs -48 m as compared to Rs -28 m in FY21.
  • Cash flow from investments increased in FY22 and stood at Rs -6 m as compared to Rs -28 m in FY21.
  • Cash flow from financial activity decreased in FY22 and stood at Rs 54 m as compared to Rs 56 m in FY21.

Here's the cash flow statement of INFLAME APPLIANCES for the past 5 years.

(Rs m)FY18FY19FY20FY21FY22
From Operations-38821-28-48
From Investments-52-1020-28-6
From Financial Activity1047-25654
Net Cashflow14-13-11-1

What does the Key Ratio analysis of INFLAME APPLIANCES 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 INFLAME APPLIANCES reveals:

  • Operating profit margins witnessed a fall and down at 3.4% in FY22 as against 9.6% in FY21.
  • Net profit margins grew from 16.9% in FY21 to 4.2% in FY22.
  • Debt to Equity ratio for FY22 stood at 0.3 as compared to 2.1 in FY21.

Here's the ratio/financial analysis of INFLAME APPLIANCES for the past 5 years.

 FY18FY19FY20FY21FY22
Operating Profit Margin (%)5.96.3-25.6-9.63.4
Net Profit Margin (%)3.43.7-27.7-16.9-4.2
Debt to Equity Ratio (x)0.10.10.32.10.3

 

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