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MONTE CARLO 2021-22 Annual Report Analysis
Tue, 13 Sep

MONTE CARLO has announced its results for the year ended March 2022. Let us have a look at the detailed performance review of the company during FY21-22.

MONTE CARLO Income Statement Analysis

  • Operating income during the year rose 45.4% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 55.7% YoY during the fiscal. Operating profit margins witnessed a fall and down at 19.9% in FY22 as against 18.6% in FY21.
  • Depreciation charges increased by 8.9% and finance costs increased by 16.1% YoY, respectively.
  • Other income grew by 26.4% YoY.
  • Net profit for the year grew by 71.9% YoY.
  • Net profit margins during the year grew from 10.7% in FY21 to 12.6% in FY22.

MONTE CARLO Income Statement 2021-22

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Net Sales Rs m 6,220 9,043 45.4%
Other income Rs m 202 255 26.4%
Total Revenues Rs m 6,422 9,298 44.8%
Gross profit Rs m 1,156 1,799 55.7%
Depreciation Rs m 342 373 8.9%
Interest Rs m 135 157 16.1%
Profit before tax Rs m 880 1,525 73.2%
Tax Rs m 217 385 77.4%
Profit after tax Rs m 663 1,139 71.9%
Gross profit margin % 18.6 19.9
Effective tax rate % 24.7 25.3
Net profit margin % 10.7 12.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

MONTE CARLO Balance Sheet Analysis

  • The company's current liabilities during FY22 stood at Rs 3 billion as compared to Rs 2 billion in FY21, thereby witnessing an increase of 42.4%.
  • Long-term debt down at Rs 83 million as compared to Rs 117 million during FY21, a fall of 29.0%.
  • Current assets rose 19% and stood at Rs 8 billion, while fixed assets rose 21% and stood at Rs 3 billion in FY22.
  • Overall, the total assets and liabilities for FY22 stood at Rs 11 billion as against Rs 9 billion during FY21, thereby witnessing a growth of 20%.

MONTE CARLO Balance Sheet as on March 2022

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Networth Rs m 6,041 6,873 13.8
 
Current Liabilities Rs m 2,292 3,264 42.4
Long-term Debt Rs m 117 83 -29.0
Total Liabilities Rs m 9,275 11,088 19.6
 
Current assets Rs m 6,792 8,096 19.2
Fixed Assets Rs m 2,482 2,993 20.6
Total Assets Rs m 9,275 11,088 19.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



MONTE CARLO Cash Flow Statement Analysis

  • MONTE CARLO's cash flow from operating activities (CFO) during FY22 stood at Rs 706 million on a YoY basis.
  • Cash flow from investing activities (CFI) during FY22 stood at Rs -482 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY22 stood at Rs -224 million, an improvement of 27% on a YoY basis.
  • Overall, net cash flows for the company during FY22 stood at Rs 0 million from the Rs -9 million net cash flows seen during FY21.

MONTE CARLO Cash Flow Statement 2021-22

Particulars No. of months 12 12 % Change
Year Ending Mar-21 Mar-22
Cash Flow from Operating Activities Rs m 1,121 706 -37.1%
Cash Flow from Investing Activities Rs m -822 -482 -
Cash Flow from Financing Activities Rs m -308 -224 -
Net Cash Flow Rs m -9 0 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for MONTE CARLO

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 55.0, an improvement from the EPS of Rs 32.0 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 874.9, stands at 15.1 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 2.6 times, while the price to sales ratio stands at 2.0 times.
  • The company's price to cash flow (P/CF) ratio stood at 6.5 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-21* 12 Mar-22*
Sales per share (Unadj.) Rs 300.1 436.2
TTM Earnings per share Rs 32.0 55.0
Diluted earnings per share Rs 32.0 55.0
Price to Cash Flow x 4.6 6.5
TTM P/E ratio x 6.6 15.1
Price / Book Value ratio x 0.7 1.4
Market Cap Rs m 4,209 9,777
Dividends per share (Unadj.) Rs 15.0 20.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for MONTE CARLO

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 2.5x during FY22, from 3.0x during FY21. 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 10.7x during FY22, from 7.5x during FY21. 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 16.6% during FY22, from 11.0% during FY22. 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 24.2% during FY22, from 16.5% during FY21. 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 11.7% during FY22, from 8.6% during FY21. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-21* 12 Mar-22*
Current ratio x 3.0 2.5
Debtors’ Days Days 1,347 1,070
Interest coverage x 7.5 10.7
Debt to equity ratio x 0.0 0.0
Return on assets % 8.6 11.7
Return on equity % 11.0 16.6
Return on capital employed % 16.5 24.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

MONTE CARLO Share Price Performance

Over the last one year, MONTE CARLO share price has moved up from Rs 369.4 to Rs 874.9, registering a gain of Rs 505.5 or around 136.8%.

Overall, the S&P BSE SENSEX is up 3.9% over the year.

(To know more, check out historical annual results for MONTE CARLO and quarterly results for MONTE CARLO)

Annual Report FAQs

What is the current share price of MONTE CARLO?

MONTE CARLO currently trades at Rs 621.0 per share. You can check out the latest share price performance of MONTE CARLO here...

What was the revenue of MONTE CARLO in FY22? How does it compare to earlier years?

The revenues of MONTE CARLO stood at Rs 9,298 m in FY22, which was up 44.8% compared to Rs 6,422 m reported in FY21.

MONTE CARLO's revenue has grown from Rs 5,933 m in FY18 to Rs 9,298 m in FY22.

Over the past 5 years, the revenue of MONTE CARLO has grown at a CAGR of 11.9%.

What was the net profit of MONTE CARLO in FY22? How does it compare to earlier years?

The net profit of MONTE CARLO stood at Rs 1,139 m in FY22, which was up 71.9% compared to Rs 663 m reported in FY21.

This compares to a net profit of Rs 627 m in FY20 and a net profit of Rs 596 m in FY19.

Over the past 5 years, MONTE CARLO net profit has grown at a CAGR of 13.8%.

What does the cash flow statement of MONTE CARLO 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 MONTE CARLO reveals:

  • Cash flow from operations decreased in FY22 and stood at Rs 706 m as compared to Rs 1,121 m in FY21.
  • Cash flow from investments increased in FY22 and stood at Rs -482 m as compared to Rs -822 m in FY21.
  • Cash flow from financial activity increased in FY22 and stood at Rs -224 m as compared to Rs -308 m in FY21.

Here's the cash flow statement of MONTE CARLO for the past 5 years.

(Rs m)FY18FY19FY20FY21FY22
From Operations2391,2553661,121706
From Investments20596-303-822-482
From Financial Activity-436-1,039-375-308-224
Net Cashflow8311-313-90

What does the Key Ratio analysis of MONTE CARLO 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 MONTE CARLO reveals:

  • Operating profit margins witnessed a fall and down at 19.9% in FY22 as against 18.6% in FY21.
  • Net profit margins grew from 10.7% in FY21 to 12.6% in FY22.
  • Debt to Equity ratio for FY22 stood at 0.0 as compared to 0.0 in FY21.

Here's the ratio/financial analysis of MONTE CARLO for the past 5 years.

 FY18FY19FY20FY21FY22
Operating Profit Margin (%)19.715.017.118.619.9
Net Profit Margin (%)11.89.18.610.712.6
Debt to Equity Ratio (x)0.00.00.00.00.0

Read: Latest Annual Report Analysis of MONTE CARLO

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