We are currently facing an issue in receiving the NSE feed. Hence the stock prices are not updated. We are working on fixing this at the earliest. We regret the inconvenience caused.

J KUMAR INFRA 2022-23 Annual Report Analysis

Wed, 25 Oct

J KUMAR INFRA 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.

J KUMAR INFRA Income Statement Analysis

• Operating income during the year rose 19.2% on a year-on-year (YoY) basis.
• The company's operating profit increased by 18.3% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 14.2% in FY23 as against 14.3% in FY22.
• Depreciation charges increased by 5.4% and finance costs decreased by 0.8% YoY, respectively.
• Other income grew by 22.4% YoY.
• Net profit for the year grew by 33.3% YoY.
• Net profit margins during the year grew from 5.8% in FY22 to 6.5% in FY23.

J KUMAR INFRA Income Statement 2022-23

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*	% Change
Net Sales	Rs m	35,272	42,031	19.2%
Other income	Rs m	249	304	22.4%
Total Revenues	Rs m	35,521	42,336	19.2%
Gross profit	Rs m	5,046	5,971	18.3%
Depreciation	Rs m	1,468	1,547	5.4%
Interest	Rs m	1,000	992	-0.8%
Profit before tax	Rs m	2,827	3,736	32.2%
Tax	Rs m	768	992	29.1%
Profit after tax	Rs m	2,059	2,744	33.3%
Gross profit margin	%	14.3	14.2
Effective tax rate	%	27.2	26.5
Net profit margin	%	5.8	6.5

RESPONSE PENDING: Your Meeting with Tanushree Banerjee Tomorrow...

J KUMAR INFRA Balance Sheet Analysis

• The company's current liabilities during FY23 stood at Rs 18 billion as compared to Rs 17 billion in FY22, thereby witnessing an increase of 6.2%.
• Long-term debt stood at Rs 825 million as compared to Rs 315 million during FY22, a growth of 161.9%.
• Current assets rose 9% and stood at Rs 29 billion, while fixed assets rose 14% and stood at Rs 15 billion in FY23.
• Overall, the total assets and liabilities for FY23 stood at Rs 44 billion as against Rs 39 billion during FY22, thereby witnessing a growth of 10%.

J KUMAR INFRA Balance Sheet as on March 2023

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*	% Change
Networth	Rs m	20,867	23,397	12.1
Current Liabilities	Rs m	17,112	18,165	6.2
Long-term Debt	Rs m	315	825	161.9
Total Liabilities	Rs m	39,437	43,558	10.4
Current assets	Rs m	26,549	28,874	8.8
Fixed Assets	Rs m	12,888	14,684	13.9
Total Assets	Rs m	39,437	43,558	10.4

J KUMAR INFRA Cash Flow Statement Analysis

• J KUMAR INFRA's cash flow from operating activities (CFO) during FY23 stood at Rs 2 billion on a YoY basis.
• Cash flow from investing activities (CFI) during FY23 stood at Rs -2 billion, an improvement of 104.0% on a YoY basis.
• Cash flow from financial activities (CFF) during FY23 stood at Rs -428 million, an improvement of 81% on a YoY basis.
• Overall, net cash flows for the company during FY23 stood at Rs -462 million from the Rs 653 million net cash flows seen during FY22.

J KUMAR INFRA 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	3,805	1,829	-51.9%
Cash Flow from Investing Activities	Rs m	-913	-1,862	-
Cash Flow from Financing Activities	Rs m	-2,239	-428	-
Net Cash Flow	Rs m	653	-462	-

Current Valuations for J KUMAR INFRA

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 36.3, an improvement from the EPS of Rs 27.2 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 404.4, stands at 10.7 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 1.3 times, while the price to sales ratio stands at 0.7 times.
• The company's price to cash flow (P/CF) ratio stood at 4.6 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	466.1	555.5
TTM Earnings per share	Rs	27.2	36.3
Diluted earnings per share	Rs	27.2	36.3
Price to Cash Flow	x	3.6	4.6
TTM P/E ratio	x	6.1	10.7
Price / Book Value ratio	x	0.7	0.8
Market Cap	Rs m	14,378	19,582
Dividends per share (Unadj.)	Rs	3.0	3.5

Ratio Analysis for J KUMAR INFRA

• Solvency Ratios

Current Ratio: The company's current ratio improved and stood at 1.6x during FY23, from 1.6x 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 4.8x during FY23, from 3.8x 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 11.7% during FY23, from 9.9% 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 19.5% during FY23, from 18.1% 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 8.6% during FY23, from 7.8% 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	1.6	1.6
Debtors’ Days	Days	919	991
Interest coverage	x	3.8	4.8
Debt to equity ratio	x	0.0	0.0
Return on assets	%	7.8	8.6
Return on equity	%	9.9	11.7
Return on capital employed	%	18.1	19.5

To see how J KUMAR INFRA has performed over the last 5 years, please visit here.

J KUMAR INFRA Share Price Performance

Over the last one year, J KUMAR INFRA share price has moved up from Rs 224.6 to Rs 404.4, registering a gain of Rs 179.8 or around 80.1%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 4,604.3 (down 0.8%). Over the last one year it has moved up from 3,387.7 to 4,604.3, a gain of 1,217 points (up 35.9%).

Overall, the S&P BSE SENSEX is up 8.2% over the year.

(To know more, check out historical annual results for J KUMAR INFRA and quarterly results for J KUMAR INFRA)