INTELLECT DESIGN 2020-21 Annual Report Analysis

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

INTELLECT DESIGN 2020-21 Annual Report Analysis
Tue, 26 Oct

INTELLECT DESIGN 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.

INTELLECT DESIGN Income Statement Analysis

  • Operating income during the year rose 11.2% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 342.7% YoY during the fiscal. Operating profit margins witnessed a fall and down at 23.9% in FY21 as against 6.0% in FY20.
  • Depreciation charges increased by 11.2% and finance costs decreased by 41.0% YoY, respectively.
  • Other income declined by 52.1% YoY.
  • Net profit for the year grew by 2140.1% YoY.
  • Net profit margins during the year grew from 0.8% in FY20 to 17.0% in FY21.

INTELLECT DESIGN Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 13,469 14,975 11.2%
Other income Rs m 265 127 -52.1%
Total Revenues Rs m 13,734 15,101 10.0%
Gross profit Rs m 810 3,586 342.7%
Depreciation Rs m 690 767 11.2%
Interest Rs m 220 130 -41.0%
Profit before tax Rs m 165 2,816 1,604.1%
Tax Rs m 51 255 400.0%
Profit after tax Rs m 114 2,562 2,140.1%
Gross profit margin % 6.0 23.9
Effective tax rate % 30.8 9.0
Net profit margin % 0.8 17.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



ALERT: Top Investment Recommendation for 2022

INTELLECT DESIGN Balance Sheet Analysis

  • The company's current liabilities during FY21 down at Rs 6 billion as compared to Rs 7 billion in FY20, thereby witnessing an decrease of -16.4%.
  • Long-term debt down at Rs 76 million as compared to Rs 347 million during FY20, a fall of 78.2%.
  • Current assets rose 10% and stood at Rs 10 billion, while fixed assets rose 5% and stood at Rs 9 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 20 billion as against Rs 18 billion during FY20, thereby witnessing a growth of 8%.

INTELLECT DESIGN Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 10,022 13,301 32.7
 
Current Liabilities Rs m 7,303 6,108 -16.4
Long-term Debt Rs m 347 76 -78.2
Total Liabilities Rs m 18,250 19,634 7.6
 
Current assets Rs m 9,515 10,451 9.8
Fixed Assets Rs m 8,735 9,183 5.1
Total Assets Rs m 18,250 19,634 7.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



INTELLECT DESIGN Cash Flow Statement Analysis

  • INTELLECT DESIGN's cash flow from operating activities (CFO) during FY21 stood at Rs 5 billion, an improvement of 963.4% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs -2 billion, an improvement of 90.7% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -2 billion on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs 450 million from the Rs 244 million net cash flows seen during FY20.

INTELLECT DESIGN 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 436 4,633 963.4%
Cash Flow from Investing Activities Rs m -999 -1,905 -
Cash Flow from Financing Activities Rs m 801 -2,253 -
Net Cash Flow Rs m 244 450 84.3%
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for INTELLECT DESIGN

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 19.3, an improvement from the EPS of Rs 0.9 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 675.0, stands at 31.4 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 4.0 times, while the price to sales ratio stands at 3.6 times.
  • The company's price to cash flow (P/CF) ratio stood at 27.0 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 101.8 112.6
TTM Earnings per share Rs 0.9 19.3
Diluted earnings per share Rs 0.9 19.2
Price to Cash Flow x 111.1 27.0
TTM P/E ratio x 31.2 31.4
Price / Book Value ratio x 2.2 4.0
Market Cap Rs m 89,329 89,912
Dividends per share (Unadj.) Rs 0.0 0.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for INTELLECT DESIGN

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.7x during FY21, from 1.3x 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 improved and stood at 22.7x during FY21, from 1.8x 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 improved and stood at 19.3% during FY21, from 1.1% 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 improved and stood at 22.0% during FY21, from 3.7% 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 improved and stood at 13.7% during FY21, from 1.8% 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 1.3 1.7
Debtors’ Days Days 77 46
Interest coverage x 1.8 22.7
Debt to equity ratio x 0.0 0.0
Return on assets % 1.8 13.7
Return on equity % 1.1 19.3
Return on capital employed % 3.7 22.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how INTELLECT DESIGN has performed over the last 5 years, please visit here.

INTELLECT DESIGN Share Price Performance

Over the last one year, INTELLECT DESIGN share price has moved up from Rs 236.7 to Rs 675.0, registering a gain of Rs 438.3 or around 185.2%.

Overall, the S&P BSE SENSEX is up 51.3% over the year.

(To know more, check out historical annual results for INTELLECT DESIGN and quarterly results for INTELLECT DESIGN)

Equitymaster requests your view! Post a comment on "INTELLECT DESIGN 2020-21 Annual Report Analysis". Click here!

  

Related Views on News

Shares of Oxygen Suppliers in Focus Amid Rising Demand for Oxygen (Company Info)

Apr 20, 2021

In this article, we discuss the hype around Oxygen supplier stocks and a little known NBFC company, which has rallied 150% in less than a month.

Nazara Technologies IPO: Should You Apply? (IPO)

Mar 17, 2021

Should you bet on this gaming company backed by ace investor Rakesh Jhunjhunwala?

More Views on News

Most Popular

India's Best Semiconductor Stocks(Views On News)

Jan 7, 2022

Modern wars are fought with semiconductors. India's best semiconductor stocks have big tailwinds from defence and manufacturing.

10 Indian Companies with the Fastest Growth in Dividend Payouts...(Views On News)

Jan 10, 2022

These companies have been consistently paying higher dividends for several years.

Tata Steel vs SAIL: Which Stock is Better?(Views On News)

Jan 13, 2022

With government initiatives set to boost the steel sector, find out who has a better chance of coming out on top.

Looking for Consistent Compounding Stocks? Here's a Watchlist for You(Views On News)

Jan 6, 2022

These companies have generated mind boggling returns for investors over the years.

My Best Sectors for 2022(Fast Profits Daily)

Jan 4, 2022

My top 2 sectors for 2022 might surprise you.

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2022
Get our special report Multibagger Stocks Guide (2022 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

TRACK INTELLECT DESIGN

  • Track your investment in INTELLECT DESIGN with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON INTELLECT DESIGN

INTELLECT DESIGN - HP COMPARISON

COMPARE INTELLECT DESIGN WITH

MARKET STATS