X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
JAIPRAKASH POWER 2017-18 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?  

JAIPRAKASH POWER 2017-18 Annual Report Analysis
Mon, 8 Oct

JAIPRAKASH POWER 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.

JAIPRAKASH POWER Income Statement Analysis

  • Operating income during the year rose 5.5% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 9.6% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 31.3% in FY18 as against 36.5% in FY17.
  • Depreciation charges increased by 6.2% and finance costs decreased by 4.9% YoY, respectively.
  • Other income grew by 306.8% YoY.
  • Net profit for the year grew by 30.6% YoY.
  • Net profit margins during the year declined from 27.5% in FY17 to 32.3% in FY18.

JAIPRAKASH POWER Income Statement 2017-18

No. of Mths Year Ending12 Mar-17*12 Mar-18*% Change
Net SalesRs m46,21248,7695.5%
Other incomeRs m8713,542306.8%
Total RevenuesRs m47,08352,31111.1%
Gross profitRs m16,86315,249-9.6%
DepreciationRs m7,7128,1896.2%
InterestRs m27,49626,138-4.9%
Profit before taxRs m-17,475-15,536-11.1%
TaxRs m-4,528-1,765-61.0%
Profit after taxRs m-12,947-16,90330.6%
Gross profit margin%36.531.3
Effective tax rate%25.911.4
Net profit margin%-27.5-32.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



JAIPRAKASH POWER Balance Sheet Analysis

  • The company's current liabilities during FY18 stood at Rs 94 billion as compared to Rs 67 billion in FY17, thereby witnessing an increase of 40.2%.
  • Long-term debt down at Rs 184 billion as compared to Rs 201 billion during FY17, a fall of 8.3%.
  • Current assets rose 1% and stood at Rs 20 billion, while fixed assets fell 2% and stood at Rs 317 billion in FY18.
  • Overall, the total assets and liabilities for FY18 stood at Rs 371 billion as against Rs 378 billion during FY17, thereby witnessing a fall of 2%.

JAIPRAKASH POWER Balance Sheet as on March 2018

No. of Mths Year Ending12 Mar-17*12 Mar-18*% Change
NetworthRs m93,87077,793-17.1
 
Current LiabilitiesRs m66,79593,63240.2
Long-term DebtRs m201,031184,386-8.3
Total LiabilitiesRs m378,358371,023-1.9
 
Current assetsRs m20,05220,2911.2
Fixed AssetsRs m 322,847316,550-2.0
Total AssetsRs m378,358371,023-1.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



JAIPRAKASH POWER Cash Flow Statement Analysis

  • JAIPRAKASH POWER's cash flow from operating activities (CFO) during FY18 stood at Rs 18 billion, an improvement of 26.2% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY18 stood at Rs -2 billion on a YoY basis.
  • Cash flow from financial activities (CFF) during FY18 stood at Rs -15 billion on a YoY basis.
  • Overall, net cash flows for the company during FY18 stood at Rs 90 million from the Rs -607 million net cash flows seen during FY17.

JAIPRAKASH POWER Cash Flow Statement 2017-18

ParticularsNo. of months1212% Change
Year EndingMar-17Mar-18
Cash Flow from Operating ActivitiesRs m14,12817,82426.2%
Cash Flow from Investing ActivitiesRs m-8,020-2,303-
Cash Flow from Financing ActivitiesRs m-6,715-15,432-
Net Cash FlowRs m-60790-
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for JAIPRAKASH POWER

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs -2.8, an decline from the EPS of Rs -2.2 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 2.2, stands at -1.3 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 0.5 times, while the price to sales ratio stands at 0.9 times.
  • The company's price to cash flow (P/CF) ratio stood at -0.7 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.)Rs7.78.1
TTM Earnings per shareRs-2.2-2.8
Diluted earnings per shareRs-4.4-5.8
Price to Cash Flow x-2.5-0.7
TTM P/E ratiox-2.6-1.3
Price / Book Value ratiox0.30.5
Market CapRs m13,0116,375
Dividends per share (Unadj.)Rs0.00.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for JAIPRAKASH POWER

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 0.2x during FY18, from 0.3x 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 0.4x during FY18, from 0.4x 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 declined and down at -21.7% during FY18, from -13.8% 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 declined and down at 2.8% during FY18, from 3.4% 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 declined and down at 2.5% during FY18, from 3.8% 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 ratiox0.30.2
Debtors’ DaysDays8173
Interest coveragex0.40.4
Debt to equity ratiox2.12.4
Return on assets%3.82.5
Return on equity%-13.8-21.7
Return on capital employed%3.42.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



To see how JAIPRAKASH POWER has performed over the last 5 years, please visit here.

JAIPRAKASH POWER Share Price Performance

Over the last one year, JAIPRAKASH POWER share price has moved down from Rs 7.7 to Rs 2.2, registering a loss of Rs 5.5 or around 71.7%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,897.2 (down 0.1%). Over the last one year it has moved down from 2,236.7 to 1,897.2, a loss of 340 points (down 15.2%).

Overall, the S&P BSE SENSEX is up 9.4% over the year.

(To know more, check out historical annual results for JAIPRAKASH POWER and quarterly results for JAIPRAKASH POWER)

Equitymaster requests your view! Post a comment on "JAIPRAKASH POWER 2017-18 Annual Report Analysis". Click here!

  

Related Views on News

JAIPRAKASH POWER Announces Quarterly Results (2QFY19); Net Profit Up 73.3% (Quarterly Result Update)

Nov 12, 2018 | Updated on Nov 12, 2018

For the quarter ended September 2018, JAIPRAKASH POWER has posted a net profit of Rs 419 m (up 73.3% YoY). Sales on the other hand came in at Rs 10 bn (up 15.5% YoY). Read on for a complete analysis of JAIPRAKASH POWER's quarterly results.

JAIPRAKASH POWER Announces Quarterly Results (1QFY19); Net Profit Down 121.8% (Quarterly Result Update)

Aug 6, 2018 | Updated on Aug 6, 2018

For the quarter ended June 2018, JAIPRAKASH POWER has posted a net profit of Rs 41 m (down 121.8% YoY). Sales on the other hand came in at Rs 11 bn (up 8.8% YoY). Read on for a complete analysis of JAIPRAKASH POWER's quarterly results.

More Views on News

Most Popular

These Are the Kind of Blue Chips You Should Invest In(The 5 Minute Wrapup)

Nov 9, 2018

All blue chip companies are large caps but all large caps are not blue chips.

Get this Small Cap Logistics Company at a 16% Discount Right Now...(Profit Hunter)

Nov 6, 2018

If you turn the clock back, the current macroeconomic climate is nothing new. The markets have seen them all, and every downcycle has been succeeded by gravity defying gains...more so in the small cap space. This time will be no different.

Why the Realty Sector's Recovery Has Been Delayed(Sector Info)

Nov 15, 2018

NBFC and IL&FS crisis have worsened the realty sector woes. Is there a light at the end of the tunnel for real estate sector?

This Was a Large Cap. But Was It Safe?(Chart Of The Day)

Nov 9, 2018

Investing in large caps is not always safe. Consider the right metrics to judge the safety and quality of large caps.

Does it Make Sense to Invest in Offshore Funds?(Outside View)

Nov 6, 2018

Many investors prefer to invest in offshore funds because of the rupee depreciation and on-going downtrend in the markets, but it is to be invested only when there is no option available to invest in India.

More

Small Investments
BIG Returns

Zero To Millions Guide 2019
Get our special report, Zero To Millions
(2019 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

TRACK JAIPRAKASH POWER

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

MORE ON JAIPRAKASH POWER

JAIPRAKASH POWER - KEI INDUSTRIES COMPARISON

COMPARE JAIPRAKASH POWER WITH

MARKET STATS