KRBL LIMITED 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?  

KRBL LIMITED 2017-18 Annual Report Analysis
Mon, 13 Aug

KRBL LIMITED 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.

KRBL LIMITED Income Statement Analysis

  • Operating income during the year rose 3.1% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 20.3% YoY during the fiscal. Operating profit margins witnessed a fall and down at 23.9% in FY18 as against 20.4% in FY17.
  • Depreciation charges and finance costs increased by 10.4% YoY and 26.3% YoY, respectively.
  • Other income grew by 70.6% YoY.
  • Net profit for the year grew by 8.8% YoY.
  • Net profit margins during the year grew from 12.6% in FY17 to 13.3% in FY18.

KRBL LIMITED Income Statement 2017-18

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Net Sales Rs m 31,477 32,465 3.1%
Other income Rs m 103 175 70.6%
Total Revenues Rs m 31,579 32,641 3.4%
Gross profit Rs m 6,435 7,745 20.3%
Depreciation Rs m 614 678 10.4%
Interest Rs m 548 692 26.3%
Profit before tax Rs m 5,376 6,550 21.8%
Tax Rs m 1,382 2,206 59.6%
Profit after tax Rs m 3,994 4,344 8.8%
Gross profit margin % 20.4 23.9
Effective tax rate % 25.7 33.7
Net profit margin % 12.6 13.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



KRBL LIMITED Balance Sheet Analysis

  • The company's current liabilities during FY18 stood at Rs 14 billion as compared to Rs 13 billion in FY17, thereby witnessing an increase of 4.4%.
  • Long-term debt down at Rs 520 million as compared to Rs 873 million during FY17, a fall of 40.5%.
  • Current assets rose 20% and stood at Rs 28 billion, while fixed assets fell 3% and stood at Rs 10 billion in FY18.
  • Overall, the total assets and liabilities for FY18 stood at Rs 38 billion as against Rs 34 billion during FY17, thereby witnessing a growth of 12%.

KRBL LIMITED Balance Sheet as on March 2018

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Networth Rs m 19,073 22,879 20.0
 
Current Liabilities Rs m 13,081 13,652 4.4
Long-term Debt Rs m 873 520 -40.5
Total Liabilities Rs m 34,222 38,439 12.3
 
Current assets Rs m 23,531 28,202 19.9
Fixed Assets Rs m 10,149 9,842 -3.0
Total Assets Rs m 34,222 38,439 12.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



KRBL LIMITED Cash Flow Statement Analysis

  • KRBL LIMITED's cash flow from operating activities (CFO) during FY18 stood at Rs 417 million on a YoY basis.
  • Cash flow from investing activities (CFI) during FY18 stood at Rs -610 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY18 stood at Rs 545 million, an improvement of 174% on a YoY basis.
  • Overall, net cash flows for the company during FY18 stood at Rs 352 million from the Rs -233 million net cash flows seen during FY17.

KRBL LIMITED Cash Flow Statement 2017-18

Particulars No. of months 12 12 % Change
Year Ending Mar-17 Mar-18
Cash Flow from Operating Activities Rs m 2,583 417 -83.9%
Cash Flow from Investing Activities Rs m -2,079 -610 -
Cash Flow from Financing Activities Rs m -737 545 -
Net Cash Flow Rs m -233 352 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for KRBL LIMITED

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 18.5, an improvement from the EPS of Rs 17.0 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 355.0, stands at 19.8 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 5.4 times, while the price to sales ratio stands at 3.8 times.
  • The company's price to cash flow (P/CF) ratio stood at 16.6 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-17* 12 Mar-18*
Sales per share (Unadj.) Rs 133.7 137.9
TTM Earnings per share Rs 17.0 18.5
Diluted earnings per share Rs 17.0 18.5
Price to Cash Flow x 18.1 16.6
TTM P/E ratio x 19.8 19.8
Price / Book Value ratio x 3.9 5.4
Market Cap Rs m 83,563 83,563
Dividends per share (Unadj.) Rs 2.1 2.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for KRBL LIMITED

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 2.1x during FY18, from 1.8x 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 10.5x during FY18, from 10.8x 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 19.0% during FY18, from 20.9% 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 improved and stood at 31.0% during FY18, from 29.7% 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 13.1% during FY18, from 13.3% during FY17. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-17* 12 Mar-18*
Current ratio x 1.8 2.1
Debtors’ Days Days 27 27
Interest coverage x 10.8 10.5
Debt to equity ratio x 0.0 0.0
Return on assets % 13.3 13.1
Return on equity % 20.9 19.0
Return on capital employed % 29.7 31.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



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

KRBL LIMITED Share Price Performance

Over the last one year, KRBL LIMITED share price has moved up from Rs 450.1 to Rs 355.0, registering a loss of Rs 95.1 or around 21.1%.

Overall, the S&P BSE SENSEX is up 19.4% over the year.

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

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

  

Related Views on News

KRBL Announces Quarterly Results (2QFY20); Net Profit Down 27.9% (Quarterly Result Update)

Nov 11, 2019 | Updated on Nov 11, 2019

For the quarter ended September 2019, KRBL has posted a net profit of Rs 1 bn (down 27.9% YoY). Sales on the other hand came in at Rs 9 bn (down 28.5% YoY). Read on for a complete analysis of KRBL's quarterly results.

KRBL 2018-19 Annual Report Analysis (Annual Result Update)

Sep 16, 2019 | Updated on Sep 16, 2019

Here's an analysis of the annual report of KRBL for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of KRBL. Also includes updates on the valuation of KRBL.

KRBL Announces Quarterly Results (1QFY20); Net Profit Up 36.1% (Quarterly Result Update)

Aug 5, 2019 | Updated on Aug 5, 2019

For the quarter ended June 2019, KRBL has posted a net profit of Rs 1 bn (up 36.1% YoY). Sales on the other hand came in at Rs 12 bn (up 63.8% YoY). Read on for a complete analysis of KRBL's quarterly results.

More Views on News

Most Popular

The Smartest Stock to Buy for 2020(Profit Hunter)

Nov 14, 2019

Small-cap stocks are selling at bargain prices today and are poised to generate a lot of wealth in 2020 and beyond...

A Trade that Could Generate Profits for Decades

Nov 14, 2019

India's #1 trader is back on the Investor Hour. Vijay Bhambwani talks to us about his super-profitable trading system and shares with us his #1 long term trade. Listen in...

Why Moody's Rating Downgrade is a Strong Sign to Buy Stocks(The 5 Minute Wrapup)

Nov 8, 2019

Investors who took cues from Moody's rating downgrade in 1992 and 2002 created some of the biggest wealth of their lifetime.

The One Trade I'm Most Bullish on Now

Nov 12, 2019

A highly specific trade to potentially triple your money in just three months. You won't find this information anywhere else!

How the Modi Government is Helping My Top 7 Stocks(The 5 Minute Wrapup)

Nov 14, 2019

Recent reforms by the Modi government can give a big boost on your stocks, provided you buy the right ones.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

TRACK KRBL

KRBL - NESTLE COMPARISON

COMPARE KRBL WITH

MARKET STATS