NGL FINE CHM 2020-21 Annual Report Analysis

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

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

NGL FINE CHM 2020-21 Annual Report Analysis
Mon, 8 Nov

NGL FINE CHM 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.

NGL FINE CHM Income Statement Analysis

  • Operating income during the year rose 70.1% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 305.4% YoY during the fiscal. Operating profit margins witnessed a fall and down at 31.1% in FY21 as against 13.0% in FY20.
  • Depreciation charges increased by 2.7% and finance costs decreased by 16.1% YoY, respectively.
  • Other income grew by 162.8% YoY.
  • Net profit for the year grew by 580.5% YoY.
  • Net profit margins during the year grew from 5.4% in FY20 to 21.3% in FY21.

NGL FINE CHM Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 1,517 2,580 70.1%
Other income Rs m 31 80 162.8%
Total Revenues Rs m 1,547 2,660 71.9%
Gross profit Rs m 198 801 305.4%
Depreciation Rs m 81 83 2.7%
Interest Rs m 26 22 -16.1%
Profit before tax Rs m 121 776 542.7%
Tax Rs m 37 209 458.5%
Profit after tax Rs m 83 567 580.5%
Gross profit margin % 13.0 31.1
Effective tax rate % 31.0 26.9
Net profit margin % 5.4 21.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



FREE REPLAY: Catch the Details of Potential Crorepati-Making Stocks Right Now...

NGL FINE CHM Balance Sheet Analysis

  • The company's current liabilities during FY21 down at Rs 421 million as compared to Rs 487 million in FY20, thereby witnessing an decrease of -13.5%.
  • Long-term debt down at Rs 61 million as compared to Rs 83 million during FY20, a fall of 26.4%.
  • Current assets rose 44% and stood at Rs 1 billion, while fixed assets rose 14% and stood at Rs 832 million in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 2 billion as against Rs 2 billion during FY20, thereby witnessing a growth of 30%.

NGL FINE CHM Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 990 1,545 56.1
 
Current Liabilities Rs m 487 421 -13.5
Long-term Debt Rs m 83 61 -26.4
Total Liabilities Rs m 1,593 2,078 30.4
 
Current assets Rs m 865 1,245 43.9
Fixed Assets Rs m 728 832 14.4
Total Assets Rs m 1,593 2,078 30.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



NGL FINE CHM Cash Flow Statement Analysis

  • NGL FINE CHM's cash flow from operating activities (CFO) during FY21 stood at Rs 274 million, an improvement of 33.7% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs -246 million, an improvement of 17.8% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -11 million on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs 17 million from the Rs -4 million net cash flows seen during FY20.

NGL FINE CHM 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 205 274 33.7%
Cash Flow from Investing Activities Rs m -209 -246 -
Cash Flow from Financing Activities Rs m 0 -11 -
Net Cash Flow Rs m -4 17 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for NGL FINE CHM

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 91.8, an improvement from the EPS of Rs 13.5 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 3,111.9, stands at 28.9 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 4.1 times, while the price to sales ratio stands at 2.4 times.
  • The company's price to cash flow (P/CF) ratio stood at 29.6 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 245.4 417.4
TTM Earnings per share Rs 13.5 91.8
Diluted earnings per share Rs 13.5 91.8
Price to Cash Flow x 116.9 29.6
TTM P/E ratio x 28.9 28.9
Price / Book Value ratio x 2.6 4.1
Market Cap Rs m 19,225 19,225
Dividends per share (Unadj.) Rs 1.8 1.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for NGL FINE CHM

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 3.0x during FY21, from 1.8x 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 36.2x during FY21, from 5.6x 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 36.7% during FY21, from 8.4% 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 49.7% during FY21, from 13.7% 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 28.4% during FY21, from 6.9% 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 1.8 3.0
Debtors’ Days Days 63 53,138,667
Interest coverage x 5.6 36.2
Debt to equity ratio x 0.1 0.0
Return on assets % 6.9 28.4
Return on equity % 8.4 36.7
Return on capital employed % 13.7 49.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how NGL FINE CHM has performed over the last 5 years, please visit here.

NGL FINE CHM Share Price Performance

Over the last one year, NGL FINE CHM share price has moved up from Rs 955.2 to Rs 3,111.9, registering a gain of Rs 2,156.7 or around 225.8%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 25,170.5 (down 0.6%). Over the last one year it has moved up from 19,653.3 to 25,170.5, a gain of 5,517 points (up 28.1%).

Overall, the S&P BSE SENSEX is up 49.1% over the year.

(To know more, check out historical annual results for NGL FINE CHM and quarterly results for NGL FINE CHM)

Equitymaster requests your view! Post a comment on "NGL FINE CHM 2020-21 Annual Report Analysis". Click here!

  

Related Views on News

Sorry! There are no related views on news for this company/sector.

Most Popular

India's Best Semiconductor Stocks(Views On News)

Jan 7, 2022

Modern wars are fought with semiconductors. India's best semiconductor stocks have big tailwinds from defence and manufacturing.

10 Indian Companies with the Fastest Growth in Dividend Payouts...(Views On News)

Jan 10, 2022

These companies have been consistently paying higher dividends for several years.

Tata Steel vs SAIL: Which Stock is Better?(Views On News)

Jan 13, 2022

With government initiatives set to boost the steel sector, find out who has a better chance of coming out on top.

Watch Out for these 4 Indian Companies Betting Big on EV Supply Chain(Views On News)

Jan 11, 2022

The upside in supply chain players could be huge but a delay in the transition to EVs, or any policy related hiccups could end the momentum.

Tech Mahindra's CTC Acquisition: Too Expensive?(Views On News)

Jan 18, 2022

Tech Mahindra's acquisition of European IT-company fails to excite investors.

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2022
Get our special report Multibagger Stocks Guide (2022 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

TRACK NGL FINE CHM

  • Track your investment in NGL FINE CHM with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

NGL FINE CHM 5-YR ANALYSIS

COMPARE NGL FINE CHM WITH

MARKET STATS