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INDIA GLYCOLS 2021-22 Annual Report Analysis
Mon, 22 Aug

INDIA GLYCOLS 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.

INDIA GLYCOLS Income Statement Analysis

  • Operating income during the year was NA on a year-on-year (YoY) basis.
  • The company's operating profit increased by 30.1% YoY during the fiscal. Operating profit margins witnessed a growth and stood at 39.9% in FY22 as against 33.4% in FY21.
  • Depreciation charges increased by 0.2% and finance costs decreased by 15.2% YoY, respectively.
  • Other income grew by 635.6% YoY.
  • Net profit for the year grew by 184.6% YoY.
  • Net profit margins during the year declined from 13.7% in FY21 to 35.7% in FY22.

INDIA GLYCOLS Income Statement 2021-22

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Net Sales Rs m -7,935 -8,648 NA
Other income Rs m 214 1,571 635.6%
Total Revenues Rs m -7,721 -7,077 NA
Gross profit Rs m 2,651 3,447 30.1%
Depreciation Rs m 801 803 0.2%
Interest Rs m 865 734 -15.2%
Profit before tax Rs m 1,198 3,481 190.7%
Tax Rs m 113 394 249.6%
Profit after tax Rs m 1,085 3,087 184.6%
Gross profit margin % -33.4 -39.9
Effective tax rate % 9.4 11.3
Net profit margin % -13.7 -35.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

INDIA GLYCOLS Balance Sheet Analysis

  • The company's current liabilities during FY22 down at Rs 17 billion as compared to Rs 18 billion in FY21, thereby witnessing an decrease of -1.1%.
  • Long-term debt stood at Rs 5 billion as compared to Rs 5 billion during FY21, a growth of 6.2%.
  • Current assets fell 6% and stood at Rs 16 billion, while fixed assets rose 26% and stood at Rs 30 billion in FY22.
  • Overall, the total assets and liabilities for FY22 stood at Rs 46 billion as against Rs 41 billion during FY21, thereby witnessing a growth of 12%.

INDIA GLYCOLS Balance Sheet as on March 2022

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Networth Rs m 11,685 17,919 53.3
 
Current Liabilities Rs m 17,677 17,487 -1.1
Long-term Debt Rs m 5,082 5,400 6.2
Total Liabilities Rs m 41,192 46,307 12.4
 
Current assets Rs m 17,102 16,072 -6.0
Fixed Assets Rs m 24,075 30,224 25.5
Total Assets Rs m 41,192 46,307 12.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



INDIA GLYCOLS Cash Flow Statement Analysis

  • INDIA GLYCOLS's cash flow from operating activities (CFO) during FY22 stood at Rs 1 billion on a YoY basis.
  • Cash flow from investing activities (CFI) during FY22 stood at Rs 764 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY22 stood at Rs -2 billion on a YoY basis.
  • Overall, net cash flows for the company during FY22 stood at Rs 37 million from the Rs -3 million net cash flows seen during FY21.

INDIA GLYCOLS 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 1,373 1,160 -15.5%
Cash Flow from Investing Activities Rs m -1,483 764 -
Cash Flow from Financing Activities Rs m 107 -1,888 -
Net Cash Flow Rs m -3 37 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for INDIA GLYCOLS

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 99.7, an improvement from the EPS of Rs 35.0 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 846.8, stands at 20.8 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 -3.0 times.
  • The company's price to cash flow (P/CF) ratio stood at 5.8 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 -256.3 -279.3
TTM Earnings per share Rs 35.0 99.7
Diluted earnings per share Rs 35.0 99.7
Price to Cash Flow x 6.8 5.8
TTM P/E ratio x 11.9 20.8
Price / Book Value ratio x 1.1 1.3
Market Cap Rs m 12,725 22,556
Dividends per share (Unadj.) Rs 6.0 7.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for INDIA GLYCOLS

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 0.9x during FY22, from 1.0x 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 5.7x during FY22, from 2.4x 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 17.2% during FY22, from 9.3% 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 18.1% during FY22, from 12.3% 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 8.3% during FY22, from 4.7% 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 1.0 0.9
Debtors’ Days Days -1,664 -1,683
Interest coverage x 2.4 5.7
Debt to equity ratio x 0.4 0.3
Return on assets % 4.7 8.3
Return on equity % 9.3 17.2
Return on capital employed % 12.3 18.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how INDIA GLYCOLS has performed over the last 5 years, please visit here.

INDIA GLYCOLS Share Price Performance

Over the last one year, INDIA GLYCOLS share price has moved up from Rs 690.2 to Rs 846.8, registering a gain of Rs 156.7 or around 22.7%.

Overall, the S&P BSE SENSEX is up 6.0% over the year.

(To know more, check out historical annual results for INDIA GLYCOLS and quarterly results for INDIA GLYCOLS)

Annual Report FAQs

What is the current share price of INDIA GLYCOLS?

INDIA GLYCOLS currently trades at Rs 756.8 per share. You can check out the latest share price performance of INDIA GLYCOLS here...

What was the revenue of INDIA GLYCOLS in FY22? How does it compare to earlier years?

The revenues of INDIA GLYCOLS stood at Rs -7,077 m in FY22, which was NA compared to Rs -7,721 m reported in FY21.

INDIA GLYCOLS' revenue has fallen from Rs 20,375 m in FY18 to Rs -7,077 m in FY22.

Over the past 5 years, the revenue of INDIA GLYCOLS has grown at a CAGR of NaN%.

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

The net profit of INDIA GLYCOLS stood at Rs 3,087 m in FY22, which was up 184.6% compared to Rs 1,085 m reported in FY21.

This compares to a net profit of Rs 1,151 m in FY20 and a net profit of Rs 1,336 m in FY19.

Over the past 5 years, INDIA GLYCOLS net profit has grown at a CAGR of 33.3%.

What does the cash flow statement of INDIA GLYCOLS 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 INDIA GLYCOLS reveals:

  • Cash flow from operations decreased in FY22 and stood at Rs 1,160 m as compared to Rs 1,373 m in FY21.
  • Cash flow from investments increased in FY22 and stood at Rs 764 m as compared to Rs -1,483 m in FY21.
  • Cash flow from financial activity decreased in FY22 and stood at Rs -1,888 m as compared to Rs 107 m in FY21.

Here's the cash flow statement of INDIA GLYCOLS for the past 5 years.

(Rs m)FY18FY19FY20FY21FY22
From Operations5,0171,4713,4331,3731,160
From Investments-1,028-1,281-1,509-1,483764
From Financial Activity-3,99430-2,157107-1,888
Net Cashflow-5219-233-337

What does the Key Ratio analysis of INDIA GLYCOLS 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 INDIA GLYCOLS reveals:

  • Operating profit margins witnessed a growth and stood at 39.9% in FY22 as against 33.4% in FY21.
  • Net profit margins declined from 13.7% in FY21 to 35.7% in FY22.
  • Debt to Equity ratio for FY22 stood at 0.3 as compared to 0.4 in FY21.

Here's the ratio/financial analysis of INDIA GLYCOLS for the past 5 years.

 FY18FY19FY20FY21FY22
Operating Profit Margin (%)11.625.833.2-33.4-39.9
Net Profit Margin (%)5.18.411.4-13.7-35.7
Debt to Equity Ratio (x)0.20.40.40.40.3

Read: Latest Annual Report Analysis of INDIA GLYCOLS

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