Helping You Build Wealth With Honest Research
Since 1996. Try Now

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  


MUKAT PIPES 2021-22 Annual Report Analysis
Thu, 16 Jun

MUKAT PIPES 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.

MUKAT PIPES Income Statement Analysis

  • Operating income during the year fell 0.5% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 8.9% YoY during the fiscal. Operating profit margins witnessed a growth and stood at 4.4% in FY22 as against 4.0% in FY21.
  • Depreciation charges increased by 0.0% and finance costs increased by 1.4% YoY, respectively.
  • Other income grew by 0.9% YoY.
  • Net profit for the year grew by 22.3% YoY.
  • Net profit margins during the year declined from 1.5% in FY21 to 1.9% in FY22.

MUKAT PIPES Income Statement 2021-22

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Net Sales Rs m 62 61 -0.5%
Other income Rs m 4 4 0.9%
Total Revenues Rs m 66 66 -0.4%
Gross profit Rs m -2 -3 8.9%
Depreciation Rs m 1 1 0.0%
Interest Rs m 1 1 1.4%
Profit before tax Rs m -1 -1 22.3%
Tax Rs m 0 0 0.0%
Profit after tax Rs m -1 -1 22.3%
Gross profit margin % -4.0 -4.4
Effective tax rate % 0.0 0.0
Net profit margin % -1.5 -1.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

MUKAT PIPES Balance Sheet Analysis

  • The company's current liabilities during FY22 down at Rs 14 million as compared to Rs 14 million in FY21, thereby witnessing an decrease of -5.9%.
  • Long-term debt down at Rs 36 million as compared to Rs 36 million during FY21, a fall of 0.9%.
  • Current assets fell 32% and stood at Rs 8 million, while fixed assets fell 5% and stood at Rs 33 million in FY22.
  • Overall, the total assets and liabilities for FY22 stood at Rs 41 million as against Rs 47 million during FY21, thereby witnessing a fall of 12%.

MUKAT PIPES Balance Sheet as on March 2022

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Networth Rs m -68 -69 1.7
 
Current Liabilities Rs m 14 14 -5.9
Long-term Debt Rs m 36 36 -0.9
Total Liabilities Rs m 47 41 -12.2
 
Current assets Rs m 12 8 -32.1
Fixed Assets Rs m 34 33 -5.0
Total Assets Rs m 47 41 -12.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



MUKAT PIPES Cash Flow Statement Analysis

  • MUKAT PIPES's cash flow from operating activities (CFO) during FY22 stood at Rs 2 million on a YoY basis.
  • Cash flow from investing activities (CFI) during FY22 stood at Rs 0 million, an improvement of 350.0% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY22 stood at Rs -2 million on a YoY basis.
  • Overall, net cash flows for the company during FY22 stood at Rs 0 million from the Rs 2 million net cash flows seen during FY21.

MUKAT PIPES 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 2 2 -30.9%
Cash Flow from Investing Activities Rs m 0 0 350.0%
Cash Flow from Financing Activities Rs m 0 -2 -
Net Cash Flow Rs m 2 0 -93.6%
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for MUKAT PIPES

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs -0.1, an decline from the EPS of Rs -0.1 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 6.7, stands at -68.4 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at -1.1 times, while the price to sales ratio stands at 1.3 times.
  • The company's price to cash flow (P/CF) ratio stood at 661.8 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 5.2 5.2
TTM Earnings per share Rs -0.1 -0.1
Diluted earnings per share Rs -0.1 -0.1
Price to Cash Flow x 122.2 661.8
TTM P/E ratio x -48.7 -68.4
Price / Book Value ratio x -0.4 -1.6
Market Cap Rs m 28 109
Dividends per share (Unadj.) Rs 0.0 0.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for MUKAT PIPES

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 0.6x during FY22, from 0.9x 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 deteriorated and stood at 0.2x during FY22, from 0.3x 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 1.7% during FY22, from 1.4% 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 -0.8% during FY22, from -1.4% 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 declined and down at 0.7% during FY22, from 1.0% 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 0.9 0.6
Debtors’ Days Days 174,926 0
Interest coverage x 0.3 0.2
Debt to equity ratio x -0.5 -0.5
Return on assets % 1.0 0.7
Return on equity % 1.4 1.7
Return on capital employed % -1.4 -0.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

MUKAT PIPES Share Price Performance

Over the last one year, MUKAT PIPES share price has moved up from Rs 3.6 to Rs 6.7, registering a gain of Rs 3.1 or around 85.2%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 15,896.0 (down 5.5%). Over the last one year it has moved down from 18,836.0 to 15,896.0, a loss of 2,940 points (down 15.6%).

Overall, the S&P BSE SENSEX is down 2.0% over the year.

(To know more, check out historical annual results for MUKAT PIPES and quarterly results for MUKAT PIPES)

Annual Report FAQs

What is the current share price of MUKAT PIPES?

MUKAT PIPES currently trades at Rs 12.9 per share. You can check out the latest share price performance of MUKAT PIPES here...

What was the revenue of MUKAT PIPES in FY22? How does it compare to earlier years?

The revenues of MUKAT PIPES stood at Rs 66 m in FY22, which was down -0.4% compared to Rs 66 m reported in FY21.

MUKAT PIPES' revenue has grown from Rs 55 m in FY18 to Rs 66 m in FY22.

Over the past 5 years, the revenue of MUKAT PIPES has grown at a CAGR of 4.4%.

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

The net loss of MUKAT PIPES stood at Rs -1 m in FY22, which was up 22.3% compared to Rs -1 m reported in FY21.

This compares to a net loss of Rs 0 m in FY20 and a net loss of Rs -3 m in FY19.

Over the past 5 years, MUKAT PIPES net profit has grown at a CAGR of -36.4%.

What does the cash flow statement of MUKAT PIPES 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 MUKAT PIPES reveals:

  • Cash flow from operations decreased in FY22 and stood at Rs 2 m as compared to Rs 2 m in FY21.
  • Cash flow from investments increased in FY22 and stood at Rs 0 m as compared to Rs 0 m in FY21.
  • Cash flow from financial activity decreased in FY22 and stood at Rs -2 m as compared to Rs 0 m in FY21.

Here's the cash flow statement of MUKAT PIPES for the past 5 years.

(Rs m)FY18FY19FY20FY21FY22
From Operations02022
From Investments-1-1000
From Financial Activity0-100-2
Net Cashflow0-1020

What does the Key Ratio analysis of MUKAT PIPES 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 MUKAT PIPES reveals:

  • Operating profit margins witnessed a growth and stood at 4.4% in FY22 as against 4.0% in FY21.
  • Net profit margins declined from 1.5% in FY21 to 1.9% in FY22.
  • Debt to Equity ratio for FY22 stood at -0.5 as compared to -0.5 in FY21.

Here's the ratio/financial analysis of MUKAT PIPES for the past 5 years.

 FY18FY19FY20FY21FY22
Operating Profit Margin (%)-18.3-7.0-3.9-4.0-4.4
Net Profit Margin (%)-13.9-4.3-1.1-1.5-1.9
Debt to Equity Ratio (x)-0.5-0.5-0.5-0.5-0.5

Read: Latest Annual Report Analysis of MUKAT PIPES

Equitymaster requests your view! Post a comment on "MUKAT PIPES 2021-22 Annual Report Analysis". Click here!