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KOLTE PATIL 2017-18 Annual Report Analysis
Sat, 31 Mar

KOLTE PATIL 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.

KOLTE PATIL Income Statement Analysis

  • Operating income during the year rose 45.5% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 22.7% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 21.6% in FY18 as against 25.6% in FY17.
  • Depreciation charges increased by 3.4% and finance costs increased by 4.5% YoY, respectively.
  • Other income grew by 42.7% YoY.
  • Net profit for the year grew by 80.9% YoY.
  • Net profit margins during the year grew from 8.8% in FY17 to 10.9% in FY18.

KOLTE PATIL Income Statement 2017-18

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Net Sales Rs m 9,638 14,027 45.5%
Other income Rs m 101 145 42.7%
Total Revenues Rs m 9,740 14,172 45.5%
Gross profit Rs m 2,465 3,024 22.7%
Depreciation Rs m 149 154 3.4%
Interest Rs m 944 987 4.5%
Profit before tax Rs m 1,473 2,028 37.7%
Tax Rs m 624 493 -21.1%
Profit after tax Rs m 849 1,536 80.9%
Gross profit margin % 25.6 21.6
Effective tax rate % 42.4 24.3
Net profit margin % 8.8 10.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Read Now: We're Bullish on 2 Non-Nifty Stocks

KOLTE PATIL Balance Sheet Analysis

  • The company's current liabilities during FY18 down at Rs 10 billion as compared to Rs 14 billion in FY17, thereby witnessing an decrease of -30.3%.
  • Long-term debt stood at Rs 4 billion as compared to Rs 3 billion during FY17, a growth of 50.6%.
  • Current assets fell 7% and stood at Rs 23 billion, while fixed assets fell 10% and stood at Rs 4 billion in FY18.
  • Overall, the total assets and liabilities for FY18 stood at Rs 26 billion as against Rs 29 billion during FY17, thereby witnessing a fall of 8%.

KOLTE PATIL Balance Sheet as on March 2018

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Networth Rs m 8,759 9,836 12.3
 
Current Liabilities Rs m 14,286 9,955 -30.3
Long-term Debt Rs m 2,902 4,368 50.6
Total Liabilities Rs m 28,599 26,391 -7.7
 
Current assets Rs m 24,359 22,578 -7.3
Fixed Assets Rs m 4,240 3,813 -10.1
Total Assets Rs m 28,599 26,391 -7.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



KOLTE PATIL Cash Flow Statement Analysis

  • KOLTE PATIL's cash flow from operating activities (CFO) during FY18 stood at Rs 2 billion, an improvement of 61.1% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY18 stood at Rs 376 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY18 stood at Rs -3 billion on a YoY basis.
  • Overall, net cash flows for the company during FY18 stood at Rs 128 million from the Rs 98 million net cash flows seen during FY17.

KOLTE PATIL 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 1,426 2,298 61.1%
Cash Flow from Investing Activities Rs m 380 376 -1.1%
Cash Flow from Financing Activities Rs m -1,708 -2,545 -
Net Cash Flow Rs m 98 128 31.4%
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for KOLTE PATIL

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 20.3, an improvement from the EPS of Rs 11.2 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 296.3, stands at 14.7 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 2.3 times, while the price to sales ratio stands at 1.6 times.
  • The company's price to cash flow (P/CF) ratio stood at 12.1 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 127.2 185.1
TTM Earnings per share Rs 11.2 20.3
Diluted earnings per share Rs 11.2 20.2
Price to Cash Flow x 13.8 12.1
TTM P/E ratio x 16.4 14.7
Price / Book Value ratio x 1.2 2.1
Market Cap Rs m 10,518 20,454
Dividends per share (Unadj.) Rs 1.6 2.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for KOLTE PATIL

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 2.3x during FY18, from 1.7x 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 improved and stood at 3.1x during FY18, from 2.6x 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 improved and stood at 15.6% during FY18, from 9.7% 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 21.2% during FY18, from 20.7% 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 improved and stood at 9.6% during FY18, from 6.3% 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 1.7 2.3
Debtors’ Days Days 667 476
Interest coverage x 2.6 3.1
Debt to equity ratio x 0.3 0.4
Return on assets % 6.3 9.6
Return on equity % 9.7 15.6
Return on capital employed % 20.7 21.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

KOLTE PATIL Share Price Performance

Over the last one year, KOLTE PATIL share price has moved up from Rs 181.6 to Rs 296.3, registering a gain of Rs 114.8 or around 63.2%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,229.9 (down 1.1%). Over the last one year it has moved up from 1,600.0 to 2,229.9, a gain of 630 points (up 39.4%).

Overall, the S&P BSE SENSEX is up 12.1% over the year.

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

Annual Report FAQs

What is the current share price of KOLTE PATIL?

KOLTE PATIL currently trades at Rs 462.0 per share. You can check out the latest share price performance of KOLTE PATIL here...

What was the revenue of KOLTE PATIL in FY18? How does it compare to earlier years?

The revenues of KOLTE PATIL stood at Rs 14,172 m in FY18, which was up 45.5% compared to Rs 9,740 m reported in FY17.

KOLTE PATIL's revenue has grown from Rs 7,703 m in FY16 to Rs 14,172 m in FY18.

Over the past 3 years, the revenue of KOLTE PATIL has grown at a CAGR of 35.6%.

What was the net profit of KOLTE PATIL in FY18? How does it compare to earlier years?

The net profit of KOLTE PATIL stood at Rs 1,536 m in FY18, which was up 80.9% compared to Rs 849 m reported in FY17.

This compares to a net profit of Rs 623 m in FY16.

Over the past 3 years, KOLTE PATIL net profit has grown at a CAGR of 57.1%.

What does the cash flow statement of KOLTE PATIL 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 KOLTE PATIL reveals:

  • Cash flow from operations increased in FY18 and stood at Rs 2,298 m as compared to Rs 1,426 m in FY17.
  • Cash flow from investments decreased in FY18 and stood at Rs 376 m as compared to Rs 380 m in FY17.
  • Cash flow from financial activity decreased in FY18 and stood at Rs -2,545 m as compared to Rs -1,708 m in FY17.

Here's the cash flow statement of KOLTE PATIL for the past 3 years.

(Rs m)FY16FY17FY18
From Operations3641,4262,298
From Investments-1,374380376
From Financial Activity1,194-1,708-2,545
Net Cashflow18598128

What does the Key Ratio analysis of KOLTE PATIL 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 KOLTE PATIL reveals:

  • Operating profit margins witnessed a fall and stood at 21.6% in FY18 as against 25.6% in FY17.
  • Net profit margins grew from 8.8% in FY17 to 10.9% in FY18.
  • Debt to Equity ratio for FY18 stood at 0.4 as compared to 0.3 in FY17.

Here's the ratio/financial analysis of KOLTE PATIL for the past 3 years.

 FY16FY17FY18
Operating Profit Margin (%)28.325.621.6
Net Profit Margin (%)8.38.810.9
Debt to Equity Ratio (x)0.80.30.4

Read: Latest Annual Report Analysis of KOLTE PATIL

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