JUBILANT FOODWORKS 2019-20 Annual Report Analysis

Thu, 17 Dec

JUBILANT FOODWORKS has announced its results for the year ended March 2020. Let us have a look at the detailed performance review of the company during FY19-20.

JUBILANT FOODWORKS Income Statement Analysis

• Operating income during the year rose 10.2% on a year-on-year (YoY) basis.
• The company's operating profit increased by 46.0% YoY during the fiscal. Operating profit margins witnessed a fall and down at 22.3% in FY20 as against 16.8% in FY19.
• Depreciation charges increased by 123.7% increased by 0.0% YoY, respectively.
• Other income grew by 47.0% YoY.
• Net profit for the year declined by 12.3% YoY.
• Net profit margins during the year declined from 8.8% in FY19 to 7.0% in FY20.

JUBILANT FOODWORKS Income Statement 2019-20

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JUBILANT FOODWORKS Balance Sheet Analysis

• The company's current liabilities during FY20 stood at Rs 7 billion as compared to Rs 5 billion in FY19, thereby witnessing an increase of 31.1%.
• Current assets rose 6% and stood at Rs 9 billion, while fixed assets rose 170% and stood at Rs 22 billion in FY20.
• Overall, the total assets and liabilities for FY20 stood at Rs 34 billion as against Rs 19 billion during FY19, thereby witnessing a growth of 82%.

JUBILANT FOODWORKS Balance Sheet as on March 2020

JUBILANT FOODWORKS Cash Flow Statement Analysis

• JUBILANT FOODWORKS's cash flow from operating activities (CFO) during FY20 stood at Rs 7 billion, an improvement of 71.8% on a YoY basis.
• Cash flow from investing activities (CFI) during FY20 stood at Rs -987 million on a YoY basis.
• Cash flow from financial activities (CFF) during FY20 stood at Rs -5 billion on a YoY basis.
• Overall, net cash flows for the company during FY20 stood at Rs 2 billion from the Rs -507 million net cash flows seen during FY19.

JUBILANT FOODWORKS Cash Flow Statement 2019-20

Current Valuations for JUBILANT FOODWORKS

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 21.1, an decline from the EPS of Rs 24.1 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 2,848.0, stands at 145.6 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 17.9 times, while the price to sales ratio stands at 5.1 times.
• The company's price to cash flow (P/CF) ratio stood at 29.8 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

Ratio Analysis for JUBILANT FOODWORKS

• Solvency Ratios

Current Ratio: The company's current ratio deteriorated and stood at 1.2x during FY20, from 1.5x during FY19. 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 3.6x during FY20, from 0.0x during FY19. 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 declined and down at 24.8% during FY20, from 25.2% during FY20. 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 50.6% during FY20, from 38.9% during FY19. 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 declined and down at 13.2% during FY20, from 17.1% during FY19. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

To see how JUBILANT FOODWORKS has performed over the last 5 years, please visit here.

JUBILANT FOODWORKS Share Price Performance

Over the last one year, JUBILANT FOODWORKS share price has moved up from Rs 1,583.8 to Rs 2,848.0, registering a gain of Rs 1,264.3 or around 79.8%.

Overall, the S&P BSE SENSEX is up 14.4% over the year.

(To know more, check out historical annual results for JUBILANT FOODWORKS and quarterly results for JUBILANT FOODWORKS)