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NAGA DHUNSERI GROUP 2023-24 Annual Report Analysis

Wed, 16 Oct

NAGA DHUNSERI GROUP has announced its results for the year ended March 2024. Let us have a look at the detailed performance review of the company during FY23-24.

NAGA DHUNSERI GROUP Income Statement Analysis

• Operating income during the year rose 165.5% on a year-on-year (YoY) basis.
• The company's operating profit decreased by 48.0% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 129.7% in FY24 as against 662.2% in FY23.
• Depreciation charges increased by 5.8% and finance costs increased by 3.6% YoY, respectively.
• Other income grew by 400.0% YoY.
• Net profit for the year declined by 51.9% YoY.
• Net profit margins during the year declined from 643.0% in FY23 to 116.4% in FY24.

NAGA DHUNSERI GROUP Income Statement 2023-24

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Net Sales	Rs m	110	291	165.5%
Other income	Rs m	0	0	400.0%
Total Revenues	Rs m	110	291	165.6%
Gross profit	Rs m	725	377	-48.0%
Depreciation	Rs m	5	5	5.8%
Interest	Rs m	4	5	3.6%
Profit before tax	Rs m	716	367	-48.7%
Tax	Rs m	12	29	151.0%
Profit after tax	Rs m	704	338	-51.9%
Gross profit margin	%	662.2	129.7
Effective tax rate	%	1.6	7.9
Net profit margin	%	643.0	116.4

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NAGA DHUNSERI GROUP Balance Sheet Analysis

• The company's current liabilities during FY24 stood at Rs 48 million as compared to Rs 46 million in FY23, thereby witnessing an increase of 3.1%.
• Current assets rose 81% and stood at Rs 769 million, while fixed assets rose 19% and stood at Rs 8 billion in FY24.
• Overall, the total assets and liabilities for FY24 stood at Rs 9 billion as against Rs 7 billion during FY23, thereby witnessing a growth of 23%.

NAGA DHUNSERI GROUP Balance Sheet as on March 2024

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Networth	Rs m	7,125	8,661	21.6
Current Liabilities	Rs m	46	48	3.1
Long-term Debt	Rs m	0	0	0.0
Total Liabilities	Rs m	7,234	8,888	22.9
Current assets	Rs m	425	769	80.9
Fixed Assets	Rs m	6,808	8,119	19.2
Total Assets	Rs m	7,234	8,888	22.9

NAGA DHUNSERI GROUP Cash Flow Statement Analysis

• NAGA DHUNSERI GROUP's cash flow from operating activities (CFO) during FY24 stood at Rs 47 million on a YoY basis.
• Cash flow from investing activities (CFI) during FY24 stood at Rs 0 million on a YoY basis.
• Cash flow from financial activities (CFF) during FY24 stood at Rs -7 million on a YoY basis.
• Overall, net cash flows for the company during FY24 stood at Rs 41 million from the Rs -22 million net cash flows seen during FY23.

NAGA DHUNSERI GROUP Cash Flow Statement 2023-24

Particulars	No. of months	12	12	% Change
	Year Ending	Mar-23	Mar-24
Cash Flow from Operating Activities	Rs m	-13	47	-
Cash Flow from Investing Activities	Rs m	-2	0	-
Cash Flow from Financing Activities	Rs m	-7	-7	-
Net Cash Flow	Rs m	-22	41	-

Current Valuations for NAGA DHUNSERI GROUP

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 338.4, an decline from the EPS of Rs 704.2 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 6,105.0, stands at 23.0 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 0.7 times, while the price to sales ratio stands at 21.0 times.
• The company's price to cash flow (P/CF) ratio stood at 6.0 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*
Sales per share (Unadj.)	Rs	109.5	290.7
TTM Earnings per share	Rs	704.2	338.4
Diluted earnings per share	Rs	704.2	338.4
Price to Cash Flow	x	0.0	6.0
TTM P/E ratio	x	0.0	23.0
Price / Book Value ratio	x	0.2	0.2
Market Cap	Rs m	1,357	2,079
Dividends per share (Unadj.)	Rs	2.5	2.5

Ratio Analysis for NAGA DHUNSERI GROUP

• Solvency Ratios

Current Ratio: The company's current ratio improved and stood at 16.1x during FY24, from 9.2x during FY23. 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 81.2x during FY24, from 162.9x during FY23. 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 3.9% during FY24, from 9.9% during FY24. 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 declined and down at 4.3% during FY24, from 10.1% during FY23. 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 3.9% during FY24, from 9.8% during FY23. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*
Current ratio	x	9.2	16.1
Debtors’ Days	Days	0	0
Interest coverage	x	162.9	81.2
Debt to equity ratio	x	0.0	0.0
Return on assets	%	9.8	3.9
Return on equity	%	9.9	3.9
Return on capital employed	%	10.1	4.3

To see how NAGA DHUNSERI GROUP has performed over the last 5 years, please visit here.

NAGA DHUNSERI GROUP Share Price Performance

Over the last one year, NAGA DHUNSERI GROUP share price has moved down from Rs 0.0 to Rs 0.0, registering a loss of Rs 0.0 or around 0.0%.

Overall, the NIFTY 50 is down 0.1% over the year.

(To know more, check out historical annual results for NAGA DHUNSERI GROUP and quarterly results for NAGA DHUNSERI GROUP)