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KHAITAN CHEM 2021-22 Annual Report Analysis
Tue, 31 May

KHAITAN CHEM 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.

KHAITAN CHEM Income Statement Analysis

  • Operating income during the year rose 71.3% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 98.2% YoY during the fiscal. Operating profit margins witnessed a fall and down at 14.8% in FY22 as against 12.8% in FY21.
  • Depreciation charges increased by 11.6% and finance costs decreased by 6.5% YoY, respectively.
  • Other income grew by 134.0% YoY.
  • Net profit for the year grew by 197.5% YoY.
  • Net profit margins during the year grew from 5.6% in FY21 to 9.7% in FY22.

KHAITAN CHEM Income Statement 2021-22

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Net Sales Rs m 4,808 8,238 71.3%
Other income Rs m 5 13 134.0%
Total Revenues Rs m 4,814 8,250 71.4%
Gross profit Rs m 614 1,217 98.2%
Depreciation Rs m 66 73 11.6%
Interest Rs m 136 127 -6.5%
Profit before tax Rs m 418 1,029 146.3%
Tax Rs m 148 227 53.3%
Profit after tax Rs m 269 802 197.5%
Gross profit margin % 12.8 14.8
Effective tax rate % 35.5 22.1
Net profit margin % 5.6 9.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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KHAITAN CHEM Balance Sheet Analysis

  • The company's current liabilities during FY22 stood at Rs 3 billion as compared to Rs 1 billion in FY21, thereby witnessing an increase of 103.8%.
  • Long-term debt down at Rs 71 million as compared to Rs 190 million during FY21, a fall of 62.7%.
  • Current assets rose 79% and stood at Rs 4 billion, while fixed assets rose 18% and stood at Rs 1 billion in FY22.
  • Overall, the total assets and liabilities for FY22 stood at Rs 6 billion as against Rs 4 billion during FY21, thereby witnessing a growth of 61%.

KHAITAN CHEM Balance Sheet as on March 2022

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Networth Rs m 1,742 2,523 44.8
 
Current Liabilities Rs m 1,439 2,932 103.8
Long-term Debt Rs m 190 71 -62.7
Total Liabilities Rs m 3,543 5,708 61.1
 
Current assets Rs m 2,486 4,462 79.5
Fixed Assets Rs m 1,057 1,246 17.9
Total Assets Rs m 3,543 5,708 61.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



KHAITAN CHEM Cash Flow Statement Analysis

  • KHAITAN CHEM's cash flow from operating activities (CFO) during FY22 stood at Rs 270 million on a YoY basis.
  • Cash flow from investing activities (CFI) during FY22 stood at Rs -198 million, an improvement of 256.0% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY22 stood at Rs 397 million, an improvement of 150% on a YoY basis.
  • Overall, net cash flows for the company during FY22 stood at Rs 468 million from the Rs 0 million net cash flows seen during FY21.

KHAITAN CHEM 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 843 270 -68.0%
Cash Flow from Investing Activities Rs m -56 -198 -
Cash Flow from Financing Activities Rs m -788 397 -
Net Cash Flow Rs m 0 468 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for KHAITAN CHEM

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 8.3, an improvement from the EPS of Rs 2.8 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 112.3, stands at 13.7 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 4.3 times, while the price to sales ratio stands at 1.3 times.
  • The company's price to cash flow (P/CF) ratio stood at 8.8 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 49.6 84.9
TTM Earnings per share Rs 2.8 8.3
Diluted earnings per share Rs 2.8 8.3
Price to Cash Flow x 6.4 8.8
TTM P/E ratio x 8.1 13.7
Price / Book Value ratio x 1.0 3.1
Market Cap Rs m 1,745 7,711
Dividends per share (Unadj.) Rs 0.3 0.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for KHAITAN CHEM

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 1.5x during FY22, from 1.7x during FY21. 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 9.1x during FY22, from 4.1x during FY21. 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 31.8% during FY22, from 15.5% 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 improved and stood at 44.6% during FY22, from 28.6% 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 improved and stood at 16.3% during FY22, from 11.4% 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 1.7 1.5
Debtors’ Days Days 331 168
Interest coverage x 4.1 9.1
Debt to equity ratio x 0.1 0.0
Return on assets % 11.4 16.3
Return on equity % 15.5 31.8
Return on capital employed % 28.6 44.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how KHAITAN CHEM has performed over the last 5 years, please visit here.

KHAITAN CHEM Share Price Performance

Over the last one year, KHAITAN CHEM share price has moved up from Rs 34.0 to Rs 112.3, registering a gain of Rs 78.3 or around 230.1%.

Overall, the S&P BSE SENSEX is up 9.3% over the year.

(To know more, check out historical annual results for KHAITAN CHEM and quarterly results for KHAITAN CHEM)

Annual Report FAQs

What is the current share price of KHAITAN CHEM?

KHAITAN CHEM currently trades at Rs 0.0 per share. You can check out the latest share price performance of KHAITAN CHEM here...

What was the revenue of KHAITAN CHEM in FY22? How does it compare to earlier years?

The revenues of KHAITAN CHEM stood at Rs 8,250 m in FY22, which was up 71.4% compared to Rs 4,814 m reported in FY21.

KHAITAN CHEM's revenue has grown from Rs 3,531 m in FY18 to Rs 8,250 m in FY22.

Over the past 5 years, the revenue of KHAITAN CHEM has grown at a CAGR of 23.6%.

What was the net profit of KHAITAN CHEM in FY22? How does it compare to earlier years?

The net profit of KHAITAN CHEM stood at Rs 802 m in FY22, which was up 197.5% compared to Rs 269 m reported in FY21.

This compares to a net profit of Rs 151 m in FY20 and a net profit of Rs 79 m in FY19.

Over the past 5 years, KHAITAN CHEM net profit has grown at a CAGR of 164.3%.

What does the cash flow statement of KHAITAN CHEM 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 KHAITAN CHEM reveals:

  • Cash flow from operations decreased in FY22 and stood at Rs 270 m as compared to Rs 843 m in FY21.
  • Cash flow from investments decreased in FY22 and stood at Rs -198 m as compared to Rs -56 m in FY21.
  • Cash flow from financial activity increased in FY22 and stood at Rs 397 m as compared to Rs -788 m in FY21.

Here's the cash flow statement of KHAITAN CHEM for the past 5 years.

(Rs m)FY18FY19FY20FY21FY22
From Operations641925161843270
From Investments5-4210-56-198
From Financial Activity-646-883-171-788397
Net Cashflow-1000468

What does the Key Ratio analysis of KHAITAN CHEM 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 KHAITAN CHEM reveals:

  • Operating profit margins witnessed a fall and down at 14.8% in FY22 as against 12.8% in FY21.
  • Net profit margins grew from 5.6% in FY21 to 9.7% in FY22.
  • Debt to Equity ratio for FY22 stood at 0.0 as compared to 0.1 in FY21.

Here's the ratio/financial analysis of KHAITAN CHEM for the past 5 years.

 FY18FY19FY20FY21FY22
Operating Profit Margin (%)10.311.510.612.814.8
Net Profit Margin (%)0.52.13.55.69.7
Debt to Equity Ratio (x)0.30.20.10.10.0

 

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