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ABBOTT INDIA 2021-22 Annual Report Analysis
Tue, 26 Jul

ABBOTT INDIA 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.

ABBOTT INDIA Income Statement Analysis

  • Operating income during the year rose 14.1% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 18.4% YoY during the fiscal. Operating profit margins witnessed a fall and down at 22.1% in FY22 as against 21.3% in FY21.
  • Depreciation charges increased by 13.7% and finance costs increased by 4.5% YoY, respectively.
  • Other income declined by 7.3% YoY.
  • Net profit for the year grew by 15.6% YoY.
  • Net profit margins during the year grew from 16.0% in FY21 to 16.2% in FY22.

ABBOTT INDIA Income Statement 2021-22

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Net Sales Rs m 43,100 49,193 14.1%
Other income Rs m 835 774 -7.3%
Total Revenues Rs m 43,935 49,967 13.7%
Gross profit Rs m 9,189 10,875 18.4%
Depreciation Rs m 581 661 13.7%
Interest Rs m 183 191 4.5%
Profit before tax Rs m 9,260 10,797 16.6%
Tax Rs m 2,353 2,810 19.5%
Profit after tax Rs m 6,907 7,987 15.6%
Gross profit margin % 21.3 22.1
Effective tax rate % 25.4 26.0
Net profit margin % 16.0 16.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Today at 5 PM: India's Top 3 Smallcap Stocks Revealed

ABBOTT INDIA Balance Sheet Analysis

  • The company's current liabilities during FY22 stood at Rs 12 billion as compared to Rs 10 billion in FY21, thereby witnessing an increase of 16.7%.
  • Current assets rose 10% and stood at Rs 39 billion, while fixed assets rose 6% and stood at Rs 4 billion in FY22.
  • Overall, the total assets and liabilities for FY22 stood at Rs 42 billion as against Rs 38 billion during FY21, thereby witnessing a growth of 10%.

ABBOTT INDIA Balance Sheet as on March 2022

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Networth Rs m 25,579 27,756 8.5
 
Current Liabilities Rs m 10,309 12,032 16.7
Long-term Debt Rs m 0 0 0.0
Total Liabilities Rs m 38,226 42,072 10.1
 
Current assets Rs m 34,874 38,530 10.5
Fixed Assets Rs m 3,352 3,541 5.6
Total Assets Rs m 38,226 42,072 10.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



ABBOTT INDIA Cash Flow Statement Analysis

  • ABBOTT INDIA's cash flow from operating activities (CFO) during FY22 stood at Rs 9 billion, an improvement of 30.4% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY22 stood at Rs -4 billion, an improvement of 451.2% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY22 stood at Rs -6 billion on a YoY basis.
  • Overall, net cash flows for the company during FY22 stood at Rs -856 million from the Rs 731 million net cash flows seen during FY21.

ABBOTT INDIA 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 7,267 9,477 30.4%
Cash Flow from Investing Activities Rs m -718 -3,958 -
Cash Flow from Financing Activities Rs m -5,818 -6,374 -
Net Cash Flow Rs m 731 -856 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for ABBOTT INDIA

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 375.9, an improvement from the EPS of Rs 325.0 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 19,635.0, stands at 52.2 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 15.0 times, while the price to sales ratio stands at 8.5 times.
  • The company's price to cash flow (P/CF) ratio stood at 47.2 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 2,028.2 2,315.0
TTM Earnings per share Rs 325.0 375.9
Diluted earnings per share Rs 325.0 375.9
Price to Cash Flow x 42.5 47.2
TTM P/E ratio x 46.1 52.2
Price / Book Value ratio x 13.5 14.7
Market Cap Rs m 345,717 408,573
Dividends per share (Unadj.) Rs 275.0 275.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for ABBOTT INDIA

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 3.2x during FY22, from 3.4x 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 57.5x during FY22, from 51.7x 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 28.8% during FY22, from 27.0% 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 39.6% during FY22, from 36.9% 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 19.4% during FY22, from 18.5% 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 3.4 3.2
Debtors’ Days Days 2 2
Interest coverage x 51.7 57.5
Debt to equity ratio x 0.0 0.0
Return on assets % 18.5 19.4
Return on equity % 27.0 28.8
Return on capital employed % 36.9 39.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

ABBOTT INDIA Share Price Performance

Over the last one year, ABBOTT INDIA share price has moved up from Rs 17,852.1 to Rs 19,635.0, registering a gain of Rs 1,783.0 or around 10.0%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 22,402.5 (down 0.4%). Over the last one year it has moved down from 26,492.6 to 22,402.5, a loss of 4,090 points (down 15.4%).

Overall, the S&P BSE SENSEX is up 5.2% over the year.

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

Annual Report FAQs

What is the current share price of ABBOTT INDIA?

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

What was the revenue of ABBOTT INDIA in FY22? How does it compare to earlier years?

The revenues of ABBOTT INDIA stood at Rs 49,967 m in FY22, which was up 13.7% compared to Rs 43,935 m reported in FY21.

ABBOTT INDIA's revenue has grown from Rs 34,080 m in FY18 to Rs 49,967 m in FY22.

Over the past 5 years, the revenue of ABBOTT INDIA has grown at a CAGR of 10.0%.

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

The net profit of ABBOTT INDIA stood at Rs 7,987 m in FY22, which was up 15.6% compared to Rs 6,907 m reported in FY21.

This compares to a net profit of Rs 5,929 m in FY20 and a net profit of Rs 4,503 m in FY19.

Over the past 5 years, ABBOTT INDIA net profit has grown at a CAGR of 18.8%.

What does the cash flow statement of ABBOTT INDIA 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 ABBOTT INDIA reveals:

  • Cash flow from operations increased in FY22 and stood at Rs 9,477 m as compared to Rs 7,267 m in FY21.
  • Cash flow from investments decreased in FY22 and stood at Rs -3,958 m as compared to Rs -718 m in FY21.
  • Cash flow from financial activity decreased in FY22 and stood at Rs -6,374 m as compared to Rs -5,818 m in FY21.

Here's the cash flow statement of ABBOTT INDIA for the past 5 years.

(Rs m)FY18FY19FY20FY21FY22
From Operations1,5274,9916,2617,2679,477
From Investments-2,148-2,570-4,012-718-3,958
From Financial Activity-1,024-1,428-2,168-5,818-6,374
Net Cashflow-1,64699381731-856

What does the Key Ratio analysis of ABBOTT INDIA 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 ABBOTT INDIA reveals:

  • Operating profit margins witnessed a fall and down at 22.1% in FY22 as against 21.3% in FY21.
  • Net profit margins grew from 16.0% in FY21 to 16.2% in FY22.
  • Debt to Equity ratio for FY22 stood at 0.0 as compared to 0.0 in FY21.

Here's the ratio/financial analysis of ABBOTT INDIA for the past 5 years.

 FY18FY19FY20FY21FY22
Operating Profit Margin (%)15.916.418.521.322.1
Net Profit Margin (%)12.212.214.516.016.2
Debt to Equity Ratio (x)0.00.00.00.00.0

 

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