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KOLTE PATIL 2020-21 Annual Report Analysis
Wed, 31 Mar

KOLTE PATIL has announced its results for the year ended March 2021. Let us have a look at the detailed performance review of the company during FY20-21.

KOLTE PATIL Income Statement Analysis

  • Operating income during the year fell 38.8% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 73.3% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 9.0% in FY21 as against 20.7% in FY20.
  • Depreciation charges decreased by 30.5% and finance costs decreased by 11.7% YoY, respectively.
  • Other income declined by 64.4% YoY.
  • Net profit for the year declined by 103.9% YoY.
  • Net profit margins during the year declined from 8.8% in FY20 to 0.6% in FY21.

KOLTE PATIL Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 11,295 6,917 -38.8%
Other income Rs m 470 167 -64.4%
Total Revenues Rs m 11,765 7,085 -39.8%
Gross profit Rs m 2,336 624 -73.3%
Depreciation Rs m 172 120 -30.5%
Interest Rs m 797 703 -11.7%
Profit before tax Rs m 1,837 -32 -101.7%
Tax Rs m 840 7 -99.2%
Profit after tax Rs m 997 -38 -103.9%
Gross profit margin % 20.7 9.0
Effective tax rate % 45.7 -21.5
Net profit margin % 8.8 -0.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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KOLTE PATIL Balance Sheet Analysis

  • The company's current liabilities during FY21 stood at Rs 25 billion as compared to Rs 23 billion in FY20, thereby witnessing an increase of 9.9%.
  • Long-term debt down at Rs 4 billion as compared to Rs 4 billion during FY20, a fall of 0.5%.
  • Current assets rose 5% and stood at Rs 32 billion, while fixed assets fell 4% and stood at Rs 6 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 37 billion as against Rs 36 billion during FY20, thereby witnessing a growth of 4%.

KOLTE PATIL Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 9,013 8,930 -0.9
 
Current Liabilities Rs m 22,860 25,114 9.9
Long-term Debt Rs m 4,225 4,205 -0.5
Total Liabilities Rs m 35,889 37,222 3.7
 
Current assets Rs m 30,063 31,634 5.2
Fixed Assets Rs m 5,826 5,587 -4.1
Total Assets Rs m 35,889 37,222 3.7
* 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 FY21 stood at Rs 3 billion on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs -2 billion, an improvement of 123.7% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -1 billion, an improvement of 40% on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs 321 million from the Rs 386 million net cash flows seen during FY20.

KOLTE PATIL Cash Flow Statement 2020-21

Particulars No. of months 12 12 % Change
Year Ending Mar-20 Mar-21
Cash Flow from Operating Activities Rs m 3,349 3,238 -3.3%
Cash Flow from Investing Activities Rs m -692 -1,547 -
Cash Flow from Financing Activities Rs m -2,271 -1,369 -
Net Cash Flow Rs m 386 321 -16.8%
* 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 -0.5, an decline from the EPS of Rs 13.2 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 225.8, stands at -446.9 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 1.9 times, while the price to sales ratio stands at 2.5 times.
  • The company's price to cash flow (P/CF) ratio stood at 185.6 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-20* 12 Mar-21*
Sales per share (Unadj.) Rs 149.0 91.0
TTM Earnings per share Rs 13.2 -0.5
Diluted earnings per share Rs 13.1 -0.5
Price to Cash Flow x 7.7 185.6
TTM P/E ratio x 9.0 -446.9
Price / Book Value ratio x 1.6 1.7
Market Cap Rs m 14,826 15,093
Dividends per share (Unadj.) Rs 0.0 0.0
* 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 deteriorated and stood at 1.3x during FY21, from 1.3x during FY20. 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 1.0x during FY21, from 3.3x during FY20. 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 -0.4% during FY21, from 11.1% during FY21. 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 5.1% during FY21, from 19.9% during FY20. 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 1.8% during FY21, from 5.0% during FY20. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-20* 12 Mar-21*
Current ratio x 1.3 1.3
Debtors’ Days Days 199 174
Interest coverage x 3.3 1.0
Debt to equity ratio x 0.5 0.5
Return on assets % 5.0 1.8
Return on equity % 11.1 -0.4
Return on capital employed % 19.9 5.1
* 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 117.9 to Rs 225.8, registering a gain of Rs 107.9 or around 91.5%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,670.3 (up 1.9%). Over the last one year it has moved up from 1,353.7 to 2,670.3, a gain of 1,317 points (up 97.3%).

Overall, the S&P BSE SENSEX is up 74.1% 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 282.1 per share. You can check out the latest share price performance of KOLTE PATIL here...

What was the revenue of KOLTE PATIL in FY21? How does it compare to earlier years?

The revenues of KOLTE PATIL stood at Rs 7,085 m in FY21, which was down -39.8% compared to Rs 11,765 m reported in FY20.

KOLTE PATIL's revenue has fallen from Rs 9,740 m in FY17 to Rs 7,085 m in FY21.

Over the past 5 years, the revenue of KOLTE PATIL has grown at a CAGR of -7.6%.

What was the net profit of KOLTE PATIL in FY21? How does it compare to earlier years?

The net loss of KOLTE PATIL stood at Rs -38 m in FY21, which was down -103.9% compared to Rs 997 m reported in FY20.

This compares to a net profit of Rs 994 m in FY19 and a net profit of Rs 1,536 m in FY18.

Over the past 5 years, KOLTE PATIL net profit has grown at a CAGR of NaN%.

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 decreased in FY21 and stood at Rs 3,238 m as compared to Rs 3,349 m in FY20.
  • Cash flow from investments decreased in FY21 and stood at Rs -1,547 m as compared to Rs -692 m in FY20.
  • Cash flow from financial activity increased in FY21 and stood at Rs -1,369 m as compared to Rs -2,271 m in FY20.

Here's the cash flow statement of KOLTE PATIL for the past 5 years.

(Rs m)FY17FY18FY19FY20FY21
From Operations1,4262,2986743,3493,238
From Investments380376159-692-1,547
From Financial Activity-1,708-2,545-1,193-2,271-1,369
Net Cashflow98128-361386321

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 9.0% in FY21 as against 20.7% in FY20.
  • Net profit margins declined from 8.8% in FY20 to 0.6% in FY21.
  • Debt to Equity ratio for FY21 stood at 0.5 as compared to 0.5 in FY20.

Here's the ratio/financial analysis of KOLTE PATIL for the past 5 years.

 FY17FY18FY19FY20FY21
Operating Profit Margin (%)25.621.628.520.79.0
Net Profit Margin (%)8.810.911.58.8-0.6
Debt to Equity Ratio (x)0.30.40.60.50.5

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