KSB PUMPS has announced its results for the year ended December 2018. Let us have a look at the detailed performance review of the company during FY17-18.
No. of Mths Year Ending | 12 Dec-17* | 12 Dec-18* | % Change | |
---|---|---|---|---|
Net Sales | Rs m | 9,443 | 10,931 | 15.7% |
Other income | Rs m | 297 | 200 | -32.5% |
Total Revenues | Rs m | 9,740 | 11,131 | 14.3% |
Gross profit | Rs m | 1,075 | 1,283 | 19.4% |
Depreciation | Rs m | 309 | 397 | 28.5% |
Interest | Rs m | 36 | 38 | 5.6% |
Profit before tax | Rs m | 1,028 | 1,050 | 2.1% |
Tax | Rs m | 371 | 377 | 1.6% |
Profit after tax | Rs m | 709 | 716 | 1.0% |
Gross profit margin | % | 11.4 | 11.7 | |
Effective tax rate | % | 36.1 | 35.9 | |
Net profit margin | % | 7.3 | 6.4 |
No. of Mths Year Ending | 12 Dec-17* | 12 Dec-18* | % Change | |
---|---|---|---|---|
Networth | Rs m | 7,104 | 7,578 | 6.7 |
Current Liabilities | Rs m | 3,294 | 4,556 | 38.3 |
Long-term Debt | Rs m | 0 | 0 | 0.0 |
Total Liabilities | Rs m | 10,772 | 12,500 | 16.0 |
Current assets | Rs m | 6,356 | 8,063 | 26.8 |
Fixed Assets | Rs m | 3,123 | 3,252 | 4.1 |
Total Assets | Rs m | 10,772 | 12,500 | 16.0 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Dec-17 | Dec-18 | ||
Cash Flow from Operating Activities | Rs m | -254 | 775 | - |
Cash Flow from Investing Activities | Rs m | 388 | -855 | - |
Cash Flow from Financing Activities | Rs m | -208 | 17 | - |
Net Cash Flow | Rs m | -74 | -63 | - |
No. of Mths Year Ending | 12 Dec-17* | 12 Dec-18* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 271.3 | 314.0 |
TTM Earnings per share | Rs | 20.4 | 20.6 |
Diluted earnings per share | Rs | 20.4 | 20.6 |
Price to Cash Flow | x | 24.9 | 22.5 |
TTM P/E ratio | x | 32.5 | 32.5 |
Price / Book Value ratio | x | 3.8 | 3.7 |
Market Cap | Rs m | 24,019 | 24,019 |
Dividends per share (Unadj.) | Rs | 6.0 | 6.0 |
Current Ratio: The company's current ratio deteriorated and stood at 1.8x during CY18, from 1.9x during CY17. 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 29.0x during CY18, from 29.9x during CY17. 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.
Return on Equity (ROE): The ROE for the company declined and down at 9.5% during CY18, from 10.0% during CY18. 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 14.9% during CY18, from 15.7% during CY17. 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 6.0% during CY18, from 6.9% during CY17. The ROA measures how efficiently the company uses its assets to generate earnings.
No. of Mths Year Ending | 12 Dec-17* | 12 Dec-18* | |
---|---|---|---|
Current ratio | x | 1.9 | 1.8 |
Debtors’ Days | Days | 99 | 97 |
Interest coverage | x | 29.9 | 29.0 |
Debt to equity ratio | x | 0.0 | 0.0 |
Return on assets | % | 6.9 | 6.0 |
Return on equity | % | 10.0 | 9.5 |
Return on capital employed | % | 15.7 | 14.9 |
To see how KSB PUMPS has performed over the last 5 years, please visit here.
Over the last one year, KSB PUMPS share price has moved up from Rs 857.6 to Rs 690.0, registering a loss of Rs 167.6 or around 19.5%.
Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,257.1 (down 0.5%). Over the last one year it has moved down from 19,191.1 to 18,257.1, a loss of 934 points (down 4.9%).
Overall, the S&P BSE SENSEX is up 13.0% over the year.
(To know more, check out historical annual results for KSB PUMPS and quarterly results for KSB PUMPS)
Should you bet on this public sector defence shipbuilder?
For the quarter ended September 2019, KSB has posted a net profit of Rs 238 m (up 47.8% YoY). Sales on the other hand came in at Rs 4 bn (up 30.5% YoY). Read on for a complete analysis of KSB's quarterly results.
For the quarter ended June 2019, KSB has posted a net profit of Rs 278 m (up 29.9% YoY). Sales on the other hand came in at Rs 3 bn (up 19.0% YoY). Read on for a complete analysis of KSB's quarterly results.
More Views on NewsAjit Dayal on how India's vaccine strategy will impact the markets.
Rather than predicting the market, successful investing is more about preparing well and placing your bets accordingly.
Narayana Murthy was one of the first unicorn founders to get the backing of this entity...
In this video, I'll you what I think is the real reason behind yesterday's market crash.
This ignored sector could deliver big short-term profits.
More
Equitymaster requests your view! Post a comment on "KSB PUMPS 2017-18 Annual Report Analysis". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!