KRBL 2018-19 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?  

KRBL 2018-19 Annual Report Analysis
Mon, 16 Sep

KRBL has announced its results for the year ended March 2019. Let us have a look at the detailed performance review of the company during FY18-19.

KRBL Income Statement Analysis

  • Operating income during the year rose 27.0% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 9.8% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 20.6% in FY19 as against 23.8% in FY18.
  • Depreciation charges decreased by 4.9% and finance costs decreased by 2.0% YoY, respectively.
  • Other income declined by 14.9% YoY.
  • Net profit for the year grew by 15.8% YoY.
  • Net profit margins during the year declined from 13.3% in FY18 to 12.2% in FY19.

KRBL Income Statement 2018-19

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Net Sales Rs m 32,457 41,205 27.0%
Other income Rs m 178 152 -14.9%
Total Revenues Rs m 32,635 41,356 26.7%
Gross profit Rs m 7,739 8,499 9.8%
Depreciation Rs m 678 645 -4.9%
Interest Rs m 690 676 -2.0%
Profit before tax Rs m 6,550 7,330 11.9%
Tax Rs m 2,206 2,300 4.3%
Profit after tax Rs m 4,344 5,030 15.8%
Gross profit margin % 23.8 20.6
Effective tax rate % 33.7 31.4
Net profit margin % 13.3 12.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



KRBL Balance Sheet Analysis

  • The company's current liabilities during FY19 stood at Rs 17 billion as compared to Rs 14 billion in FY18, thereby witnessing an increase of 24.9%.
  • Long-term debt down at Rs 332 million as compared to Rs 520 million during FY18, a fall of 36.0%.
  • Current assets rose 26% and stood at Rs 36 billion, while fixed assets fell 4% and stood at Rs 9 billion in FY19.
  • Overall, the total assets and liabilities for FY19 stood at Rs 46 billion as against Rs 386 billion during FY18, thereby witnessing a fall of 88%.

KRBL Balance Sheet as on March 2019

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Networth Rs m 22,879 27,267 19.2
 
Current Liabilities Rs m 13,797 17,229 24.9
Long-term Debt Rs m 520 332 -36.0
Total Liabilities Rs m 385,754 46,361 -88.0
 
Current assets Rs m 28,339 35,741 26.1
Fixed Assets Rs m 9,842 9,418 -4.3
Total Assets Rs m 385,754 46,361 -88.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



KRBL Cash Flow Statement Analysis

  • KRBL's cash flow from operating activities (CFO) during FY19 stood at Rs -1 billion on a YoY basis.
  • Cash flow from investing activities (CFI) during FY19 stood at Rs 202 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY19 stood at Rs 595 million, an improvement of 141% on a YoY basis.
  • Overall, net cash flows for the company during FY19 stood at Rs -347 million from the Rs 368 million net cash flows seen during FY18.

KRBL Cash Flow Statement 2018-19

Particulars No. of months 12 12 % Change
Year Ending Mar-18 Mar-19
Cash Flow from Operating Activities Rs m 608 -1,144 -
Cash Flow from Investing Activities Rs m -487 202 -
Cash Flow from Financing Activities Rs m 247 595 141.0%
Net Cash Flow Rs m 368 -347 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for KRBL

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 21.4, an improvement from the EPS of Rs 18.5 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 238.5, stands at 10.4 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 3.6 times, while the price to sales ratio stands at 2.4 times.
  • The company's price to cash flow (P/CF) ratio stood at 9.9 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-18* 12 Mar-19*
Sales per share (Unadj.) Rs 137.9 175.0
TTM Earnings per share Rs 18.5 21.4
Diluted earnings per share Rs 18.5 21.4
Price to Cash Flow x 11.2 9.9
TTM P/E ratio x 10.4 10.4
Price / Book Value ratio x 5.4 3.6
Market Cap Rs m 56,141 56,141
Dividends per share (Unadj.) Rs 2.3 2.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for KRBL

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 2.1x during FY19, from 2.1x during FY18. 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 11.8x during FY19, from 10.5x during FY18. 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 18.4% during FY19, from 19.0% during FY19. 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 29.0% during FY19, from 30.9% during FY18. 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 12.3% during FY19, from 1.3% during FY18. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-18* 12 Mar-19*
Current ratio x 2.1 2.1
Debtors’ Days Days 28 35
Interest coverage x 10.5 11.8
Debt to equity ratio x 0.0 0.0
Return on assets % 1.3 12.3
Return on equity % 19.0 18.4
Return on capital employed % 30.9 29.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



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

KRBL Share Price Performance

Over the last one year, KRBL share price has moved down from Rs 384.4 to Rs 238.5, registering a loss of Rs 145.9 or around 37.9%.

Overall, the S&P BSE SENSEX is down 2.5% over the year.

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

Equitymaster requests your view! Post a comment on "KRBL 2018-19 Annual Report Analysis". Click here!

  

Related Views on News

KRBL Announces Quarterly Results (4QFY20); Net Profit Up 8.0% (Quarterly Result Update)

Jun 11, 2020 | Updated on Jun 11, 2020

For the quarter ended March 2020, KRBL has posted a net profit of Rs 1 bn (up 8.0% YoY). Sales on the other hand came in at Rs 11 bn (down 11.2% YoY). Read on for a complete analysis of KRBL's quarterly results.

KRBL Announces Quarterly Results (3QFY20); Net Profit Up 48.3% (Quarterly Result Update)

Jan 30, 2020 | Updated on Jan 30, 2020

For the quarter ended December 2019, KRBL has posted a net profit of Rs 2 bn (up 48.3% YoY). Sales on the other hand came in at Rs 13 bn (up 42.0% YoY). Read on for a complete analysis of KRBL's quarterly results.

KRBL LIMITED 2017-18 Annual Report Analysis (Annual Result Update)

Aug 13, 2018 | Updated on Aug 13, 2018

Here's an analysis of the annual report of KRBL LIMITED for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of KRBL LIMITED. Also includes updates on the valuation of KRBL LIMITED.

More Views on News

Most Popular

Why the Stock of HDFC Bank Deserves a Closer Look than Before...(Profit Hunter)

Jul 22, 2020

HDFC Bank's results point to a gaping hole in Indian financial sector. Possibly even a global contagion.

My Best Trading Ideas When Interest Rates Are So Low(Fast Profits Daily)

Jul 23, 2020

India's interest rates are lower than the inflation rate. Here are the best trades for this situation.

The Smallcap Stock that Made Me Change My Asset Allocation Rule(Profit Hunter)

Jul 21, 2020

I believe this smallcap niche leader could deliver a non-linear payoff.

Gold or Silver: Which One Should You Buy Now?(Fast Profits Daily)

Jul 24, 2020

Silver and gold are both vying for your attention. Which is the better trade today?

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

TRACK KRBL

KRBL - AGRO TECH FOODS COMPARISON

COMPARE KRBL WITH

MARKET STATS