MANAKSIA. 2020-21 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?  

MANAKSIA. 2020-21 Annual Report Analysis
Tue, 2 Nov

MANAKSIA. 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.

MANAKSIA. Income Statement Analysis

  • Operating income during the year rose 0.6% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 39.9% YoY during the fiscal. Operating profit margins witnessed a fall and down at 11.7% in FY21 as against 8.4% in FY20.
  • Depreciation charges decreased by 24.1% and finance costs decreased by 1.8% YoY, respectively.
  • Other income declined by 48.4% YoY.
  • Net profit for the year grew by 5.8% YoY.
  • Net profit margins during the year grew from 6.6% in FY20 to 7.2% in FY21.

MANAKSIA. Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 8,561 8,610 0.6%
Other income Rs m 632 326 -48.4%
Total Revenues Rs m 9,193 8,937 -2.8%
Gross profit Rs m 722 1,010 39.9%
Depreciation Rs m 418 317 -24.1%
Interest Rs m 60 59 -1.8%
Profit before tax Rs m 876 961 9.6%
Tax Rs m 266 315 18.3%
Profit after tax Rs m 610 646 5.8%
Gross profit margin % 8.4 11.7
Effective tax rate % 30.3 32.7
Net profit margin % 6.6 7.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Find Out: The Hidden Opportunity in EV Stocks

MANAKSIA. Balance Sheet Analysis

  • The company's current liabilities during FY21 stood at Rs 1 billion as compared to Rs 1 billion in FY20, thereby witnessing an increase of 42.0%.
  • Long-term debt down at Rs 1 million as compared to Rs 1 million during FY20, a fall of 55.5%.
  • Current assets rose 12% and stood at Rs 9 billion, while fixed assets fell 20% and stood at Rs 2 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 12 billion as against Rs 11 billion during FY20, thereby witnessing a growth of 4%.

MANAKSIA. Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 9,591 9,561 -0.3
 
Current Liabilities Rs m 1,045 1,484 42.0
Long-term Debt Rs m 1 1 -55.5
Total Liabilities Rs m 11,279 11,689 3.6
 
Current assets Rs m 8,469 9,451 11.6
Fixed Assets Rs m 2,810 2,239 -20.3
Total Assets Rs m 11,279 11,689 3.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



MANAKSIA. Cash Flow Statement Analysis

  • MANAKSIA.'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 -3 billion on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs 328 million, an improvement of 134% on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs -477 million from the Rs 433 million net cash flows seen during FY20.

MANAKSIA. 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 -373 2,789 -
Cash Flow from Investing Activities Rs m 2,433 -3,024 -
Cash Flow from Financing Activities Rs m -972 328 -
Net Cash Flow Rs m 433 -477 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for MANAKSIA.

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 9.9, an improvement from the EPS of Rs 9.3 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 65.1, stands at 5.0 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 0.3 times, while the price to sales ratio stands at 0.4 times.
  • The company's price to cash flow (P/CF) ratio stood at 4.4 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 130.6 131.4
TTM Earnings per share Rs 9.3 9.9
Diluted earnings per share Rs 9.3 9.9
Price to Cash Flow x 4.1 4.4
TTM P/E ratio x 5.0 5.0
Price / Book Value ratio x 0.3 0.3
Market Cap Rs m 4,263 4,263
Dividends per share (Unadj.) Rs 10.5 3.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for MANAKSIA.

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 6.4x during FY21, from 8.1x 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 improved and stood at 17.3x during FY21, from 15.6x 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 improved and stood at 6.8% during FY21, from 6.4% 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 improved and stood at 10.7% during FY21, from 9.8% 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 improved and stood at 6.0% during FY21, from 5.9% 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 8.1 6.4
Debtors’ Days Days 302 248
Interest coverage x 15.6 17.3
Debt to equity ratio x 0.0 0.0
Return on assets % 5.9 6.0
Return on equity % 6.4 6.8
Return on capital employed % 9.8 10.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

MANAKSIA. Share Price Performance

Over the last one year, MANAKSIA. share price has moved up from Rs 38.6 to Rs 65.1, registering a gain of Rs 26.5 or around 68.5%.

Overall, the S&P BSE SENSEX is up 51.0% over the year.

(To know more, check out historical annual results for MANAKSIA. and quarterly results for MANAKSIA.)

Equitymaster requests your view! Post a comment on "MANAKSIA. 2020-21 Annual Report Analysis". Click here!

  

Related Views on News

Sorry! There are no related views on news for this company/sector.

Most Popular

These 5 Penny Stocks are Held by Rakesh Jhunjhunwala. Worth a Look?(Views On News)

Jan 18, 2022

Rakesh Jhunjhunwala is holding these penny stocks in his portfolio for several years now.

4 'Digital India' Stocks to Add to Your 2022 Watchlist(Views On News)

Jan 28, 2022

Digitisation is touching every aspect of our lives. As this megatrend picks up pace, there will be companies benefitting from it for years to come.

Tech Mahindra's CTC Acquisition: Too Expensive?(Views On News)

Jan 18, 2022

Tech Mahindra's acquisition of European IT-company fails to excite investors.

5 Hidden Tata Group Companies to Add to Your Watchlist(Views On News)

Jan 18, 2022

Here's all you need to know about these five Tata group stocks that aren't as popular as the others.

Insiders are Buying into these 6 Stocks Aggressively. More Details here...(Views On News)

Jan 19, 2022

While promoter holding is an important parameter, it should not be the sole reason for buying a stock.

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2022
Get our special report Multibagger Stocks Guide (2022 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

TRACK MANAKSIA.

  • Track your investment in MANAKSIA. with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MANAKSIA. - PG INDUSTRY COMPARISON

COMPARE MANAKSIA. WITH

MARKET STATS