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MAHARASHTRA SEAMLESS 2020-21 Annual Report Analysis
Wed, 31 Mar

MAHARASHTRA SEAMLESS 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.

MAHARASHTRA SEAMLESS Income Statement Analysis

  • Operating income during the year fell 12.7% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 3.7% YoY during the fiscal. Operating profit margins witnessed a fall and down at 12.5% in FY21 as against 10.5% in FY20.
  • Depreciation charges increased by 38.2% and finance costs decreased by 12.8% YoY, respectively.
  • Other income grew by 34.0% YoY.
  • Net profit for the year grew by 1.4% YoY.
  • Net profit margins during the year grew from 5.5% in FY20 to 6.4% in FY21.

MAHARASHTRA SEAMLESS Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 26,448 23,083 -12.7%
Other income Rs m 652 874 34.0%
Total Revenues Rs m 27,101 23,957 -11.6%
Gross profit Rs m 2,784 2,887 3.7%
Depreciation Rs m 879 1,215 38.2%
Interest Rs m 639 557 -12.8%
Profit before tax Rs m 1,918 1,989 3.7%
Tax Rs m 461 511 11.0%
Profit after tax Rs m 1,458 1,478 1.4%
Gross profit margin % 10.5 12.5
Effective tax rate % 24.0 25.7
Net profit margin % 5.5 6.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



New Research: 2 stocks to buy as Nifty50 heads towards 40,000

MAHARASHTRA SEAMLESS Balance Sheet Analysis

  • The company's current liabilities during FY21 stood at Rs 10 billion as compared to Rs 10 billion in FY20, thereby witnessing an increase of 8.8%.
  • Long-term debt down at Rs 7 billion as compared to Rs 8 billion during FY20, a fall of 14.2%.
  • Current assets rose 17% and stood at Rs 21 billion, while fixed assets fell 6% and stood at Rs 32 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 54 billion as against Rs 52 billion during FY20, thereby witnessing a growth of 2%.

MAHARASHTRA SEAMLESS Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 32,047 32,988 2.9
 
Current Liabilities Rs m 9,644 10,494 8.8
Long-term Debt Rs m 8,088 6,941 -14.2
Total Liabilities Rs m 52,394 53,556 2.2
 
Current assets Rs m 18,204 21,365 17.4
Fixed Assets Rs m 34,190 32,191 -5.8
Total Assets Rs m 52,394 53,556 2.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



MAHARASHTRA SEAMLESS Cash Flow Statement Analysis

  • MAHARASHTRA SEAMLESS's cash flow from operating activities (CFO) during FY21 stood at Rs 4 billion on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs -2 billion on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -3 billion on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs -208 million from the Rs 252 million net cash flows seen during FY20.

MAHARASHTRA SEAMLESS 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 7,480 4,474 -40.2%
Cash Flow from Investing Activities Rs m -7,438 -1,784 -
Cash Flow from Financing Activities Rs m 73 -2,848 -
Net Cash Flow Rs m 252 -208 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for MAHARASHTRA SEAMLESS

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 22.1, an improvement from the EPS of Rs 21.8 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 275.8, stands at 12.5 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 0.6 times, while the price to sales ratio stands at 0.8 times.
  • The company's price to cash flow (P/CF) ratio stood at 6.7 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 394.8 344.5
TTM Earnings per share Rs 21.8 22.1
Diluted earnings per share Rs 21.8 22.1
Price to Cash Flow x 5.5 6.7
TTM P/E ratio x 8.9 12.5
Price / Book Value ratio x 0.7 0.5
Market Cap Rs m 23,024 17,921
Dividends per share (Unadj.) Rs 2.5 3.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for MAHARASHTRA SEAMLESS

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 2.0x during FY21, from 1.9x 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 4.6x during FY21, from 4.0x 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 4.5% during FY21, from 4.5% 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 6.4% during FY21, from 6.4% 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 3.8% during FY21, from 4.0% 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 1.9 2.0
Debtors’ Days Days 498 745
Interest coverage x 4.0 4.6
Debt to equity ratio x 0.3 0.2
Return on assets % 4.0 3.8
Return on equity % 4.5 4.5
Return on capital employed % 6.4 6.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

MAHARASHTRA SEAMLESS Share Price Performance

Over the last one year, MAHARASHTRA SEAMLESS share price has moved up from Rs 193.4 to Rs 275.8, registering a gain of Rs 82.4 or around 42.6%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 14,350.6 (up 0.4%). Over the last one year it has moved up from 5,713.3 to 14,350.6, a gain of 8,637 points (up 151.2%).

Overall, the S&P BSE SENSEX is up 74.1% over the year.

(To know more, check out historical annual results for MAHARASHTRA SEAMLESS and quarterly results for MAHARASHTRA SEAMLESS)

Annual Report FAQs

What is the current share price of MAHARASHTRA SEAMLESS?

MAHARASHTRA SEAMLESS currently trades at Rs 846.0 per share. You can check out the latest share price performance of MAHARASHTRA SEAMLESS here...

What was the revenue of MAHARASHTRA SEAMLESS in FY21? How does it compare to earlier years?

The revenues of MAHARASHTRA SEAMLESS stood at Rs 23,957 m in FY21, which was down -11.6% compared to Rs 27,101 m reported in FY20.

MAHARASHTRA SEAMLESS' revenue has grown from Rs 13,689 m in FY17 to Rs 23,957 m in FY21.

Over the past 5 years, the revenue of MAHARASHTRA SEAMLESS has grown at a CAGR of 15.0%.

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

The net profit of MAHARASHTRA SEAMLESS stood at Rs 1,478 m in FY21, which was up 1.4% compared to Rs 1,458 m reported in FY20.

This compares to a net profit of Rs 1,774 m in FY19 and a net profit of Rs 1,662 m in FY18.

Over the past 5 years, MAHARASHTRA SEAMLESS net profit has grown at a CAGR of 6.3%.

What does the cash flow statement of MAHARASHTRA SEAMLESS 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 MAHARASHTRA SEAMLESS reveals:

  • Cash flow from operations decreased in FY21 and stood at Rs 4,474 m as compared to Rs 7,480 m in FY20.
  • Cash flow from investments increased in FY21 and stood at Rs -1,784 m as compared to Rs -7,438 m in FY20.
  • Cash flow from financial activity decreased in FY21 and stood at Rs -2,848 m as compared to Rs 73 m in FY20.

Here's the cash flow statement of MAHARASHTRA SEAMLESS for the past 5 years.

(Rs m)FY17FY18FY19FY20FY21
From Operations2,414927-1,8277,4804,474
From Investments-1,011122-1,556-7,438-1,784
From Financial Activity-1,329-9543,87573-2,848
Net Cashflow17104439252-208

What does the Key Ratio analysis of MAHARASHTRA SEAMLESS 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 MAHARASHTRA SEAMLESS reveals:

  • Operating profit margins witnessed a fall and down at 12.5% in FY21 as against 10.5% in FY20.
  • Net profit margins grew from 5.5% in FY20 to 6.4% in FY21.
  • Debt to Equity ratio for FY21 stood at 0.2 as compared to 0.3 in FY20.

Here's the ratio/financial analysis of MAHARASHTRA SEAMLESS for the past 5 years.

 FY17FY18FY19FY20FY21
Operating Profit Margin (%)17.414.715.010.512.5
Net Profit Margin (%)9.07.85.85.56.4
Debt to Equity Ratio (x)0.10.20.30.30.2

Read: Latest Annual Report Analysis of MAHARASHTRA SEAMLESS

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