JENBURKT PH. 2022-23 Annual Report Analysis

Mon, 3 Jul

JENBURKT PH. has announced its results for the year ended March 2023. Let us have a look at the detailed performance review of the company during FY22-23.

JENBURKT PH. Income Statement Analysis

• Operating income during the year rose 10.3% on a year-on-year (YoY) basis.
• The company's operating profit increased by 11.4% YoY during the fiscal. Operating profit margins witnessed a fall and down at 22.2% in FY23 as against 22.0% in FY22.
• Depreciation charges increased by 19.0% and finance costs decreased by 15.4% YoY, respectively.
• Other income grew by 3.5% YoY.
• Net profit for the year grew by 10.4% YoY.
• Net profit margins during the year grew from 18.0% in FY22 to 18.0% in FY23.

JENBURKT PH. Income Statement 2022-23

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*	% Change
Net Sales	Rs m	1,240	1,367	10.3%
Other income	Rs m	49	51	3.5%
Total Revenues	Rs m	1,289	1,419	10.0%
Gross profit	Rs m	273	304	11.4%
Depreciation	Rs m	19	23	19.0%
Interest	Rs m	4	4	-15.4%
Profit before tax	Rs m	299	329	10.0%
Tax	Rs m	76	83	9.0%
Profit after tax	Rs m	223	246	10.4%
Gross profit margin	%	22.0	22.2
Effective tax rate	%	25.4	25.1
Net profit margin	%	18.0	18.0

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JENBURKT PH. Balance Sheet Analysis

• The company's current liabilities during FY23 down at Rs 158 million as compared to Rs 213 million in FY22, thereby witnessing an decrease of -25.9%.
• Current assets rose 7% and stood at Rs 811 million, while fixed assets fell 10% and stood at Rs 603 million in FY23.
• Overall, the total assets and liabilities for FY23 stood at Rs 1 billion as against Rs 1 billion during FY22, thereby witnessing a fall of 1%.

JENBURKT PH. Balance Sheet as on March 2023

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*	% Change
Networth	Rs m	1,174	1,224	4.3
Current Liabilities	Rs m	213	158	-25.9
Long-term Debt	Rs m	0	0	0.0
Total Liabilities	Rs m	1,426	1,414	-0.8
Current assets	Rs m	759	811	6.8
Fixed Assets	Rs m	667	603	-9.6
Total Assets	Rs m	1,426	1,414	-0.8

JENBURKT PH. Cash Flow Statement Analysis

• JENBURKT PH.'s cash flow from operating activities (CFO) during FY23 stood at Rs 171 million, an improvement of 83.9% on a YoY basis.
• Cash flow from investing activities (CFI) during FY23 stood at Rs 26 million on a YoY basis.
• Cash flow from financial activities (CFF) during FY23 stood at Rs -210 million on a YoY basis.
• Overall, net cash flows for the company during FY23 stood at Rs -14 million from the Rs 25 million net cash flows seen during FY22.

JENBURKT PH. Cash Flow Statement 2022-23

Particulars	No. of months	12	12	% Change
	Year Ending	Mar-22	Mar-23
Cash Flow from Operating Activities	Rs m	93	171	83.9%
Cash Flow from Investing Activities	Rs m	-12	26	-
Cash Flow from Financing Activities	Rs m	-55	-210	-
Net Cash Flow	Rs m	25	-14	-

Current Valuations for JENBURKT PH.

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 55.8, an improvement from the EPS of Rs 48.6 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 709.0, stands at 12.7 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 2.6 times, while the price to sales ratio stands at 2.3 times.
• The company's price to cash flow (P/CF) ratio stood at 10.0 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*
Sales per share (Unadj.)	Rs	270.1	310.1
TTM Earnings per share	Rs	48.6	55.8
Diluted earnings per share	Rs	50.5	55.8
Price to Cash Flow	x	10.3	10.0
TTM P/E ratio	x	11.2	12.7
Price / Book Value ratio	x	2.1	2.2
Market Cap	Rs m	2,503	2,675
Dividends per share (Unadj.)	Rs	12.0	14.4

Ratio Analysis for JENBURKT PH.

• Solvency Ratios

Current Ratio: The company's current ratio improved and stood at 5.1x during FY23, from 3.6x during FY22. 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 90.6x during FY23, from 69.8x during FY22. 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 20.1% during FY23, from 19.0% during FY23. 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 27.2% during FY23, from 25.8% during FY22. 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 17.7% during FY23, from 15.9% during FY22. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*
Current ratio	x	3.6	5.1
Debtors’ Days	Days	448	453
Interest coverage	x	69.8	90.6
Debt to equity ratio	x	0.0	0.0
Return on assets	%	15.9	17.7
Return on equity	%	19.0	20.1
Return on capital employed	%	25.8	27.2

To see how JENBURKT PH. has performed over the last 5 years, please visit here.

JENBURKT PH. Share Price Performance

Over the last one year, JENBURKT PH. share price has moved up from Rs 487.2 to Rs 709.0, registering a gain of Rs 221.8 or around 45.5%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 25,758.4 (down 0.2%). Over the last one year it has moved up from 21,739.5 to 25,758.4, a gain of 4,019 points (up 18.5%).

Overall, the S&P BSE SENSEX is up 22.6% over the year.

(To know more, check out historical annual results for JENBURKT PH. and quarterly results for JENBURKT PH.)