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JAYPEE INFRATECH 2019-20 Annual Report Analysis
Tue, 31 Mar

JAYPEE INFRATECH 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.

JAYPEE INFRATECH Income Statement Analysis

  • Operating income during the year rose 16.5% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 171.3% YoY during the fiscal. Operating profit margins witnessed a growth and stood at 11.3% in FY20 as against 18.5% in FY19.
  • Depreciation charges increased by 6.5% and finance costs increased by 16.7% YoY, respectively.
  • Other income grew by 95.9% YoY.
  • Net profit for the year grew by 60.5% YoY.
  • Net profit margins during the year declined from 87.1% in FY19 to 119.9% in FY20.

JAYPEE INFRATECH Income Statement 2019-20

No. of Mths Year Ending 12 Mar-19* 12 Mar-20* % Change
Net Sales Rs m 16,107 18,771 16.5%
Other income Rs m 27 52 95.9%
Total Revenues Rs m 16,133 18,824 16.7%
Gross profit Rs m 2,977 -2,122 -171.3%
Depreciation Rs m 826 880 6.5%
Interest Rs m 15,981 18,653 16.7%
Profit before tax Rs m -13,803 -21,602 56.5%
Tax Rs m 219 899 311.2%
Profit after tax Rs m -14,022 -22,501 60.5%
Gross profit margin % 18.5 -11.3
Effective tax rate % -1.6 -4.2
Net profit margin % -87.1 -119.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



New Research: 2 stocks to buy as Nifty50 heads towards 40,000

JAYPEE INFRATECH Balance Sheet Analysis

  • The company's current liabilities during FY20 stood at Rs 184 billion as compared to Rs 167 billion in FY19, thereby witnessing an increase of 10.1%.
  • Long-term debt down at Rs 64 billion as compared to Rs 71 billion during FY19, a fall of 9.7%.
  • Current assets fell 5% and stood at Rs 130 billion, while fixed assets fell 2% and stood at Rs 109 billion in FY20.
  • Overall, the total assets and liabilities for FY20 stood at Rs 239 billion as against Rs 248 billion during FY19, thereby witnessing a fall of 4%.

JAYPEE INFRATECH Balance Sheet as on March 2020

No. of Mths Year Ending 12 Mar-19* 12 Mar-20* % Change
Networth Rs m 8,155 -14,348 -275.9
 
Current Liabilities Rs m 166,938 183,789 10.1
Long-term Debt Rs m 71,094 64,194 -9.7
Total Liabilities Rs m 248,488 239,248 -3.7
 
Current assets Rs m 137,504 130,306 -5.2
Fixed Assets Rs m 110,984 108,941 -1.8
Total Assets Rs m 248,488 239,248 -3.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



JAYPEE INFRATECH Cash Flow Statement Analysis

  • JAYPEE INFRATECH's cash flow from operating activities (CFO) during FY20 stood at Rs 1 billion, an improvement of 112.2% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY20 stood at Rs -58 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY20 stood at Rs -252 million, an improvement of 54% on a YoY basis.
  • Overall, net cash flows for the company during FY20 stood at Rs 801 million from the Rs -92 million net cash flows seen during FY19.

JAYPEE INFRATECH Cash Flow Statement 2019-20

Particulars No. of months 12 12 % Change
Year Ending Mar-19 Mar-20
Cash Flow from Operating Activities Rs m 524 1,112 112.2%
Cash Flow from Investing Activities Rs m -64 -58 -
Cash Flow from Financing Activities Rs m -551 -252 -
Net Cash Flow Rs m -92 801 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for JAYPEE INFRATECH

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs -16.2, an decline from the EPS of Rs -10.1 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 0.6, stands at 0.0 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at -0.1 times, while the price to sales ratio stands at 0.0 times.
  • The company's price to cash flow (P/CF) ratio stood at -0.1 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-19* 12 Mar-20*
Sales per share (Unadj.) Rs 11.6 13.5
TTM Earnings per share Rs -10.1 -16.2
Diluted earnings per share Rs -10.1 -16.2
Price to Cash Flow x -0.3 -0.1
TTM P/E ratio x 1.0 0.0
Price / Book Value ratio x 1.0 -0.2
Market Cap Rs m 8,084 2,340
Dividends per share (Unadj.) Rs 0.0 0.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for JAYPEE INFRATECH

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 0.7x during FY20, from 0.8x 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 deteriorated and stood at -0.2x during FY20, from 0.1x 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 improved and stood at 156.8% during FY20, from -171.9% 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 declined and down at -5.9% during FY20, from 2.7% 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 -1.6% during FY20, from 0.8% during FY19. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-19* 12 Mar-20*
Current ratio x 0.8 0.7
Debtors’ Days Days 475 443
Interest coverage x 0.1 -0.2
Debt to equity ratio x 8.7 -4.5
Return on assets % 0.8 -1.6
Return on equity % -171.9 156.8
Return on capital employed % 2.7 -5.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how JAYPEE INFRATECH has performed over the last 5 years, please visit here.

JAYPEE INFRATECH Share Price Performance

Over the last one year, JAYPEE INFRATECH share price has moved down from Rs 2.5 to Rs 0.6, registering a loss of Rs 1.8 or around 74.1%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,353.7 (up 2.0%). Over the last one year it has moved down from 2,077.1 to 1,353.7, a loss of 723 points (down 34.8%).

Overall, the S&P BSE SENSEX is down 24.2% over the year.

(To know more, check out historical annual results for JAYPEE INFRATECH and quarterly results for JAYPEE INFRATECH)

Annual Report FAQs

What is the current share price of JAYPEE INFRATECH?

JAYPEE INFRATECH currently trades at Rs 1.3 per share. You can check out the latest share price performance of JAYPEE INFRATECH here...

What was the revenue of JAYPEE INFRATECH in FY20? How does it compare to earlier years?

The revenues of JAYPEE INFRATECH stood at Rs 18,824 m in FY20, which was up 16.7% compared to Rs 16,133 m reported in FY19.

JAYPEE INFRATECH's revenue has fallen from Rs 28,969 m in FY16 to Rs 18,824 m in FY20.

Over the past 5 years, the revenue of JAYPEE INFRATECH has grown at a CAGR of -10.2%.

What was the net profit of JAYPEE INFRATECH in FY20? How does it compare to earlier years?

The net loss of JAYPEE INFRATECH stood at Rs -22,501 m in FY20, which was up 60.5% compared to Rs -14,022 m reported in FY19.

This compares to a net loss of Rs -19,208 m in FY18 and a net loss of Rs -9,891 m in FY17.

Over the past 5 years, JAYPEE INFRATECH net profit has grown at a CAGR of 52.5%.

What does the cash flow statement of JAYPEE INFRATECH reveal?

The cash flow statement is the financial statement that presents the cash inflows and outflows of a company during a given period of time.

This statement is one of the most useful tools for judging a company's liquidity position. The ratios and parameters in this statement helps test a company's financial health.

The cash flow statement of JAYPEE INFRATECH reveals:

  • Cash flow from operations increased in FY20 and stood at Rs 1,112 m as compared to Rs 524 m in FY19.
  • Cash flow from investments increased in FY20 and stood at Rs -58 m as compared to Rs -64 m in FY19.
  • Cash flow from financial activity increased in FY20 and stood at Rs -252 m as compared to Rs -551 m in FY19.

Here's the cash flow statement of JAYPEE INFRATECH for the past 5 years.

(Rs m)FY16FY17FY18FY19FY20
From Operations12,14910,7051,5815241,112
From Investments-3,681-1,165-235-64-58
From Financial Activity-9,338-9,632-1,251-551-252
Net Cashflow-870-9195-92801

What does the Key Ratio analysis of JAYPEE INFRATECH reveal?

Be it the company's profitability, operations effectiveness or utilization of funds, ratio analysis is an important tool which helps in making investment decisions.

The ratio/financial analysis of JAYPEE INFRATECH reveals:

  • Operating profit margins witnessed a growth and stood at 11.3% in FY20 as against 18.5% in FY19.
  • Net profit margins declined from 87.1% in FY19 to 119.9% in FY20.
  • Debt to Equity ratio for FY20 stood at -4.5 as compared to 8.7 in FY19.

Here's the ratio/financial analysis of JAYPEE INFRATECH for the past 5 years.

 FY16FY17FY18FY19FY20
Operating Profit Margin (%)20.3-33.2-93.818.5-11.3
Net Profit Margin (%)-14.4-85.4-265.5-87.1-119.9
Debt to Equity Ratio (x)1.41.52.58.7-4.5

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