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INDO TECH TRANS. 2017-18 Annual Report Analysis

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INDO TECH TRANS. 2017-18 Annual Report Analysis
Thu, 20 Sep

INDO TECH TRANS. has announced its results for the year ended March 2018. Let us have a look at the detailed performance review of the company during FY17-18.

INDO TECH TRANS. Income Statement Analysis

  • Operating income during the year rose 48.0% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 37.8% YoY during the fiscal. Operating profit margins witnessed a fall and down at 1.4% in FY18 as against 3.3% in FY17.
  • Depreciation charges and finance costs decreased by 1.7% YoY and 59.8% YoY, respectively.
  • Other income grew by 154.2% YoY.
  • Net profit for the year declined by 67.3% YoY.
  • Net profit margins during the year grew from 7.5% in FY17 to 1.6% in FY18.

INDO TECH TRANS. Income Statement 2017-18

No. of Mths Year Ending12 Mar-17*12 Mar-18*% Change
Net SalesRs m1,4882,20248.0%
Other incomeRs m1846154.2%
Total RevenuesRs m1,5062,24749.2%
Gross profitRs m-49-30-37.8%
DepreciationRs m4847-1.7%
InterestRs m125-59.8%
Profit before taxRs m-91-37-59.3%
TaxRs m220-100.0%
Profit after taxRs m-113-37-67.3%
Gross profit margin%-3.3-1.4
Effective tax rate%-24.40.0
Net profit margin%-7.5-1.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



INDO TECH TRANS. Balance Sheet Analysis

  • The company's current liabilities during FY18 stood at Rs 732 million as compared to Rs 614 million in FY17, thereby witnessing an increase of 19.4%.
  • Current assets rose 10% and stood at Rs 1 billion, while fixed assets fell 7% and stood at Rs 506 million in FY18.
  • Overall, the total assets and liabilities for FY18 stood at Rs 2 billion as against Rs 2 billion during FY17, thereby witnessing a growth of 4%.

INDO TECH TRANS. Balance Sheet as on March 2018

No. of Mths Year Ending12 Mar-17*12 Mar-18*% Change
NetworthRs m1,3821,341-3.0
 
Current LiabilitiesRs m61473219.4
Long-term DebtRs m000.0
Total LiabilitiesRs m2,0052,0874.1
 
Current assetsRs m1,3321,4619.8
Fixed AssetsRs m 547506-7.4
Total AssetsRs m2,0052,0874.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



INDO TECH TRANS. Cash Flow Statement Analysis

  • INDO TECH TRANS.'s cash flow from operating activities (CFO) during FY18 stood at Rs 36 million on a YoY basis.
  • Cash flow from investing activities (CFI) during FY18 stood at Rs -8 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY18 stood at Rs -5 million, an improvement of 60% on a YoY basis.
  • Overall, net cash flows for the company during FY18 stood at Rs 24 million from the Rs -141 million net cash flows seen during FY17.

INDO TECH TRANS. Cash Flow Statement 2017-18

ParticularsNo. of months1212% Change
Year EndingMar-17Mar-18
Cash Flow from Operating ActivitiesRs m-11836-
Cash Flow from Investing ActivitiesRs m-11-8-
Cash Flow from Financing ActivitiesRs m-12-5-
Net Cash FlowRs m-14124-
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for INDO TECH TRANS.

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs -3.5, an improvement from the EPS of Rs -10.6 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 129.0, stands at -16.6 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 1.7 times, while the price to sales ratio stands at 1.0 times.
  • The company's price to cash flow (P/CF) ratio stood at 130.5 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending12 Mar-17*12 Mar-18*
Sales per share (Unadj.)Rs140.1207.3
TTM Earnings per shareRs-10.6-3.5
Diluted earnings per shareRs-10.6-3.5
Price to Cash Flow x-21.2130.5
TTM P/E ratiox-16.6-16.6
Price / Book Value ratiox1.81.7
Market CapRs m1,3701,370
Dividends per share (Unadj.)Rs0.00.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for INDO TECH TRANS.

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 2.0x during FY18, from 2.2x during FY17. 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 -6.9x during FY18, from -6.8x during FY17. 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 -2.8% during FY18, from -8.2% during FY18. 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 -2.4% during FY18, from -5.7% during FY17. 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 -1.5% during FY18, from -5.0% during FY17. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending12 Mar-17*12 Mar-18*
Current ratiox2.22.0
Debtors’ DaysDays146132
Interest coveragex-6.8-6.9
Debt to equity ratiox0.00.0
Return on assets%-5.0-1.5
Return on equity%-8.2-2.8
Return on capital employed%-5.7-2.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



To see how INDO TECH TRANS. has performed over the last 5 years, please visit here.

INDO TECH TRANS. Share Price Performance

Over the last one year, INDO TECH TRANS. share price has moved up from Rs 257.4 to Rs 129.0, registering a loss of Rs 128.4 or around 49.9%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,168.6 (down 0.1%). Over the last one year it has moved down from 18,453.8 to 18,168.6, a loss of 285 points (down 1.5%).

Overall, the S&P BSE SENSEX is up 14.6% over the year.

(To know more, check out historical annual results for INDO TECH TRANS. and quarterly results for INDO TECH TRANS.)

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INDO TECH TRANS. Announces Quarterly Results (3QFY19); Net Profit Down 381.7% (Quarterly Result Update)

Feb 12, 2019 | Updated on Feb 12, 2019

For the quarter ended December 2018, INDO TECH TRANS. has posted a net profit of Rs 34 m (down 381.7% YoY). Sales on the other hand came in at Rs 482 m (up 3.4% YoY). Read on for a complete analysis of INDO TECH TRANS.'s quarterly results.

INDO TECH TRANS. Announces Quarterly Results (2QFY19); Net Profit Up 72.0% (Quarterly Result Update)

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