JULLUNDUR MOTOR AGENCY 2021-22 Annual Report Analysis

Tue, 23 Aug

JULLUNDUR MOTOR AGENCY has announced its results for the year ended March 2022. Let us have a look at the detailed performance review of the company during FY21-22.

JULLUNDUR MOTOR AGENCY Income Statement Analysis

• Operating income during the year rose 12.9% on a year-on-year (YoY) basis.
• The company's operating profit increased by 12.1% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 6.5% in FY22 as against 6.6% in FY21.
• Depreciation charges decreased by 21.8% and finance costs decreased by 100.0% YoY, respectively.
• Other income declined by 26.0% YoY.
• Net profit for the year grew by 6.0% YoY.
• Net profit margins during the year declined from 6.0% in FY21 to 5.6% in FY22.

JULLUNDUR MOTOR AGENCY Income Statement 2021-22

No. of Mths Year Ending		12 Mar-21*	12 Mar-22*	% Change
Net Sales	Rs m	3,879	4,378	12.9%
Other income	Rs m	68	50	-26.0%
Total Revenues	Rs m	3,947	4,429	12.2%
Gross profit	Rs m	255	286	12.1%
Depreciation	Rs m	9	7	-21.8%
Interest	Rs m	2	0	-100.0%
Profit before tax	Rs m	313	330	5.4%
Tax	Rs m	82	85	3.6%
Profit after tax	Rs m	231	245	6.0%
Gross profit margin	%	6.6	6.5
Effective tax rate	%	26.1	25.6
Net profit margin	%	6.0	5.6

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JULLUNDUR MOTOR AGENCY Balance Sheet Analysis

• The company's current liabilities during FY22 stood at Rs 850 million as compared to Rs 771 million in FY21, thereby witnessing an increase of 10.2%.
• Current assets rose 7% and stood at Rs 2 billion, while fixed assets rose 51% and stood at Rs 345 million in FY22.
• Overall, the total assets and liabilities for FY22 stood at Rs 3 billion as against Rs 2 billion during FY21, thereby witnessing a growth of 12%.

JULLUNDUR MOTOR AGENCY Balance Sheet as on March 2022

No. of Mths Year Ending		12 Mar-21*	12 Mar-22*	% Change
Networth	Rs m	1,624	1,822	12.2
Current Liabilities	Rs m	771	850	10.2
Long-term Debt	Rs m	0	0	0.0
Total Liabilities	Rs m	2,424	2,704	11.5
Current assets	Rs m	2,195	2,359	7.5
Fixed Assets	Rs m	229	345	50.6
Total Assets	Rs m	2,424	2,704	11.5

JULLUNDUR MOTOR AGENCY Cash Flow Statement Analysis

• JULLUNDUR MOTOR AGENCY's cash flow from operating activities (CFO) during FY22 stood at Rs 116 million on a YoY basis.
• Cash flow from investing activities (CFI) during FY22 stood at Rs -23 million on a YoY basis.
• Cash flow from financial activities (CFF) during FY22 stood at Rs -47 million, an improvement of 87% on a YoY basis.
• Overall, net cash flows for the company during FY22 stood at Rs 46 million from the Rs -62 million net cash flows seen during FY21.

JULLUNDUR MOTOR AGENCY Cash Flow Statement 2021-22

Particulars	No. of months	12	12	% Change
	Year Ending	Mar-21	Mar-22
Cash Flow from Operating Activities	Rs m	243	116	-52.4%
Cash Flow from Investing Activities	Rs m	42	-23	-
Cash Flow from Financing Activities	Rs m	-348	-47	-
Net Cash Flow	Rs m	-62	46	-

Current Valuations for JULLUNDUR MOTOR AGENCY

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 10.7, an improvement from the EPS of Rs 10.1 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 69.0, stands at 5.6 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 0.9 times, while the price to sales ratio stands at 0.4 times.
• The company's price to cash flow (P/CF) ratio stood at 5.7 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending		12 Mar-21*	12 Mar-22*
Sales per share (Unadj.)	Rs	169.8	191.7
TTM Earnings per share	Rs	10.1	10.7
Diluted earnings per share	Rs	10.1	10.7
Price to Cash Flow	x	0.0	5.7
TTM P/E ratio	x	0.0	5.6
Price / Book Value ratio	x	0.4	0.8
Market Cap	Rs m	628	1,428
Dividends per share (Unadj.)	Rs	2.0	2.0

Ratio Analysis for JULLUNDUR MOTOR AGENCY

• Solvency Ratios

Current Ratio: The company's current ratio deteriorated and stood at 2.8x during FY22, from 2.8x during FY21. The current ratio measures the company's ability to pay short-term and long-term obligations.

• Profitability Ratios

Return on Equity (ROE): The ROE for the company declined and down at 13.5% during FY22, from 14.2% during FY22. 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 18.1% during FY22, from 19.4% during FY21. 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 9.1% during FY22, from 9.6% during FY21. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending		12 Mar-21*	12 Mar-22*
Current ratio	x	2.8	2.8
Debtors’ Days	Days	601	637
Interest coverage	x	185.0	0.0
Debt to equity ratio	x	0.0	0.0
Return on assets	%	9.6	9.1
Return on equity	%	14.2	13.5
Return on capital employed	%	19.4	18.1

To see how JULLUNDUR MOTOR AGENCY has performed over the last 5 years, please visit here.

JULLUNDUR MOTOR AGENCY Share Price Performance

Over the last one year, JULLUNDUR MOTOR AGENCY share price has moved down from Rs 0.0 to Rs 0.0, registering a loss of Rs 0.0 or around 0.0%.

Meanwhile, the S&P BSE AUTO Index is trading at Rs 29,578.9 (up 1.4%). Over the last one year it has moved up from 21,899.2 to 29,578.9, a gain of 7,680 points (up 35.1%).

Overall, the NIFTY 50 is up 0.6% over the year.

(To know more, check out historical annual results for JULLUNDUR MOTOR AGENCY and quarterly results for JULLUNDUR MOTOR AGENCY)