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MANALI PETRO 2020-21 Annual Report Analysis
Wed, 31 Mar

MANALI PETRO 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.

MANALI PETRO Income Statement Analysis

  • Operating income during the year rose 27.0% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 343.1% YoY during the fiscal. Operating profit margins witnessed a fall and down at 27.0% in FY21 as against 7.7% in FY20.
  • Depreciation charges increased by 45.2% and finance costs decreased by 24.8% YoY, respectively.
  • Other income grew by 43.5% YoY.
  • Net profit for the year grew by 331.3% YoY.
  • Net profit margins during the year grew from 5.8% in FY20 to 19.7% in FY21.

MANALI PETRO Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 8,031 10,195 27.0%
Other income Rs m 129 185 43.5%
Total Revenues Rs m 8,159 10,380 27.2%
Gross profit Rs m 621 2,751 343.1%
Depreciation Rs m 145 210 45.2%
Interest Rs m 63 47 -24.8%
Profit before tax Rs m 542 2,678 394.1%
Tax Rs m 76 666 781.8%
Profit after tax Rs m 467 2,012 331.3%
Gross profit margin % 7.7 27.0
Effective tax rate % 13.9 24.9
Net profit margin % 5.8 19.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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MANALI PETRO Balance Sheet Analysis

  • The company's current liabilities during FY21 stood at Rs 2 billion as compared to Rs 1 billion in FY20, thereby witnessing an increase of 29.7%.
  • Current assets rose 77% and stood at Rs 5 billion, while fixed assets fell 4% and stood at Rs 3 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 9 billion as against Rs 7 billion during FY20, thereby witnessing a growth of 34%.

MANALI PETRO Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 4,812 6,800 41.3
 
Current Liabilities Rs m 1,263 1,638 29.7
Long-term Debt Rs m 0 0 0.0
Total Liabilities Rs m 6,603 8,865 34.3
 
Current assets Rs m 3,104 5,498 77.1
Fixed Assets Rs m 3,499 3,367 -3.8
Total Assets Rs m 6,603 8,865 34.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



MANALI PETRO Cash Flow Statement Analysis

  • MANALI PETRO's cash flow from operating activities (CFO) during FY21 stood at Rs 2 billion, an improvement of 149.4% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs -142 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -282 million, an improvement of 2% on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs 2 billion from the Rs 409 million net cash flows seen during FY20.

MANALI PETRO 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 874 2,180 149.4%
Cash Flow from Investing Activities Rs m -206 -142 -
Cash Flow from Financing Activities Rs m -288 -282 -
Net Cash Flow Rs m 409 1,863 355.7%
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for MANALI PETRO

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 11.7, an improvement from the EPS of Rs 2.7 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 59.3, stands at 5.1 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 1.5 times, while the price to sales ratio stands at 1.0 times.
  • The company's price to cash flow (P/CF) ratio stood at 3.1 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 46.7 59.3
TTM Earnings per share Rs 2.7 11.7
Diluted earnings per share Rs 2.7 11.7
Price to Cash Flow x 2.8 3.1
TTM P/E ratio x 3.7 5.1
Price / Book Value ratio x 0.6 1.0
Market Cap Rs m 3,126 6,873
Dividends per share (Unadj.) Rs 0.8 1.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for MANALI PETRO

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 3.4x during FY21, from 2.5x 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 57.9x during FY21, from 9.7x 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 29.6% during FY21, from 9.7% 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 40.1% during FY21, from 12.6% 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 23.2% during FY21, from 8.0% 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 2.5 3.4
Debtors’ Days Days 493 615
Interest coverage x 9.7 57.9
Debt to equity ratio x 0.0 0.0
Return on assets % 8.0 23.2
Return on equity % 9.7 29.6
Return on capital employed % 12.6 40.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

MANALI PETRO Share Price Performance

Over the last one year, MANALI PETRO share price has moved up from Rs 10.1 to Rs 59.3, registering a gain of Rs 49.2 or around 487.1%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 14,820.5 (down 0.1%). Over the last one year it has moved up from 10,020.9 to 14,820.5, a gain of 4,800 points (up 47.9%).

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

(To know more, check out historical annual results for MANALI PETRO and quarterly results for MANALI PETRO)

Annual Report FAQs

What is the current share price of MANALI PETRO?

MANALI PETRO currently trades at Rs 92.9 per share. You can check out the latest share price performance of MANALI PETRO here...

What was the revenue of MANALI PETRO in FY21? How does it compare to earlier years?

The revenues of MANALI PETRO stood at Rs 10,380 m in FY21, which was up 27.2% compared to Rs 8,159 m reported in FY20.

MANALI PETRO's revenue has grown from Rs 5,785 m in FY17 to Rs 10,380 m in FY21.

Over the past 5 years, the revenue of MANALI PETRO has grown at a CAGR of 15.7%.

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

The net profit of MANALI PETRO stood at Rs 2,012 m in FY21, which was up 331.3% compared to Rs 467 m reported in FY20.

This compares to a net profit of Rs 766 m in FY19 and a net profit of Rs 579 m in FY18.

Over the past 5 years, MANALI PETRO net profit has grown at a CAGR of 50.2%.

What does the cash flow statement of MANALI PETRO 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 MANALI PETRO reveals:

  • Cash flow from operations increased in FY21 and stood at Rs 2,180 m as compared to Rs 874 m in FY20.
  • Cash flow from investments increased in FY21 and stood at Rs -142 m as compared to Rs -206 m in FY20.
  • Cash flow from financial activity increased in FY21 and stood at Rs -282 m as compared to Rs -288 m in FY20.

Here's the cash flow statement of MANALI PETRO for the past 5 years.

(Rs m)FY17FY18FY19FY20FY21
From Operations8745811358742,180
From Investments-1,241-224-170-206-142
From Financial Activity58-167-19-288-282
Net Cashflow-395332-894091,863

What does the Key Ratio analysis of MANALI PETRO 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 MANALI PETRO reveals:

  • Operating profit margins witnessed a fall and down at 27.0% in FY21 as against 7.7% in FY20.
  • Net profit margins grew from 5.8% in FY20 to 19.7% in FY21.
  • Debt to Equity ratio for FY21 stood at 0.0 as compared to 0.0 in FY20.

Here's the ratio/financial analysis of MANALI PETRO for the past 5 years.

 FY17FY18FY19FY20FY21
Operating Profit Margin (%)10.613.314.27.727.0
Net Profit Margin (%)7.07.99.55.819.7
Debt to Equity Ratio (x)0.00.00.00.00.0

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