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ONMOBILE GLOBAL 2022-23 Annual Report Analysis
Fri, 31 Mar

ONMOBILE GLOBAL has announced its results for the year ended March 2023. Let us have a look at the detailed performance review of the company during FY22-23.

ONMOBILE GLOBAL Income Statement Analysis

  • Operating income during the year rose 1.1% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 83.3% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 1.3% in FY23 as against 8.0% in FY22.
  • Depreciation charges decreased by 1.1% and finance costs decreased by 12.2% YoY, respectively.
  • Other income declined by 31.2% YoY.
  • Net profit for the year declined by 79.1% YoY.
  • Net profit margins during the year declined from 6.2% in FY22 to 1.3% in FY23.

ONMOBILE GLOBAL Income Statement 2022-23

No. of Mths Year Ending 12 Mar-22* 12 Mar-23* % Change
Net Sales Rs m 5,195 5,252 1.1%
Other income Rs m 174 120 -31.2%
Total Revenues Rs m 5,370 5,372 0.0%
Gross profit Rs m 418 70 -83.3%
Depreciation Rs m 104 103 -1.1%
Interest Rs m 17 15 -12.2%
Profit before tax Rs m 472 72 -84.8%
Tax Rs m 147 4 -97.3%
Profit after tax Rs m 325 68 -79.1%
Gross profit margin % 8.0 1.3
Effective tax rate % 31.2 5.6
Net profit margin % 6.2 1.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Revealing Soon: A Potential Huge Investing Opportunity for Investors

ONMOBILE GLOBAL Balance Sheet Analysis

  • The company's current liabilities during FY23 down at Rs 2 billion as compared to Rs 2 billion in FY22, thereby witnessing an decrease of -2.6%.
  • Current assets fell 16% and stood at Rs 3 billion, while fixed assets rose 13% and stood at Rs 5 billion in FY23.
  • Overall, the total assets and liabilities for FY23 stood at Rs 9 billion as against Rs 9 billion during FY22, thereby witnessing a fall of 1%.

ONMOBILE GLOBAL Balance Sheet as on March 2023

No. of Mths Year Ending 12 Mar-22* 12 Mar-23* % Change
Networth Rs m 6,491 6,451 -0.6
 
Current Liabilities Rs m 2,385 2,323 -2.6
Long-term Debt Rs m 0 0 0.0
Total Liabilities Rs m 8,616 8,547 -0.8
 
Current assets Rs m 4,057 3,411 -15.9
Fixed Assets Rs m 4,558 5,136 12.7
Total Assets Rs m 8,616 8,547 -0.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



ONMOBILE GLOBAL Cash Flow Statement Analysis

  • ONMOBILE GLOBAL's cash flow from operating activities (CFO) during FY23 stood at Rs 444 million on a YoY basis.
  • Cash flow from investing activities (CFI) during FY23 stood at Rs -336 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY23 stood at Rs -85 million, an improvement of 26% on a YoY basis.
  • Overall, net cash flows for the company during FY23 stood at Rs 42 million from the Rs -191 million net cash flows seen during FY22.

ONMOBILE GLOBAL Cash Flow Statement 2022-23

Particulars No. of months 12 12 % Change
Year Ending Mar-22 Mar-23
Cash Flow from Operating Activities Rs m -242 444 -
Cash Flow from Investing Activities Rs m 169 -336 -
Cash Flow from Financing Activities Rs m -115 -85 -
Net Cash Flow Rs m -191 42 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for ONMOBILE GLOBAL

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 0.6, an decline from the EPS of Rs 3.1 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 60.3, stands at 95.6 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 1.0 times, while the price to sales ratio stands at 1.2 times.
  • The company's price to cash flow (P/CF) ratio stood at 76.9 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-22* 12 Mar-23*
Sales per share (Unadj.) Rs 49.2 49.5
TTM Earnings per share Rs 3.1 0.6
Diluted earnings per share Rs 3.1 0.6
Price to Cash Flow x 28.5 76.9
TTM P/E ratio x 37.7 95.6
Price / Book Value ratio x 2.2 2.0
Market Cap Rs m 14,098 13,102
Dividends per share (Unadj.) Rs 1.5 1.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for ONMOBILE GLOBAL

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 1.5x during FY23, from 1.7x during FY22. 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 5.7x during FY23, from 28.3x during FY22. 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 1.1% during FY23, from 5.0% during FY23. 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 1.3% during FY23, from 7.5% during FY22. 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 1.0% during FY23, from 4.0% during FY22. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-22* 12 Mar-23*
Current ratio x 1.7 1.5
Debtors’ Days Days 113 92
Interest coverage x 28.3 5.7
Debt to equity ratio x 0.0 0.0
Return on assets % 4.0 1.0
Return on equity % 5.0 1.1
Return on capital employed % 7.5 1.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how ONMOBILE GLOBAL has performed over the last 5 years, please visit here.

ONMOBILE GLOBAL Share Price Performance

Over the last one year, ONMOBILE GLOBAL share price has moved down from Rs 114.8 to Rs 60.3, registering a loss of Rs 54.5 or around 47.5%.

Meanwhile, the S&P BSE IT Index is trading at Rs 28,479.0 (up 2.5%). Over the last one year it has moved down from 36,402.7 to 28,479.0, a loss of 7,924 points (down 21.8%).

Overall, the S&P BSE SENSEX is up 1.8% over the year.

(To know more, check out historical annual results for ONMOBILE GLOBAL and quarterly results for ONMOBILE GLOBAL)

Annual Report FAQs

What is the current share price of ONMOBILE GLOBAL?

ONMOBILE GLOBAL currently trades at Rs 74.1 per share. You can check out the latest share price performance of ONMOBILE GLOBAL here...

What was the revenue of ONMOBILE GLOBAL in FY23? How does it compare to earlier years?

The revenues of ONMOBILE GLOBAL stood at Rs 5,372 m in FY23, which was up 0.0% compared to Rs 5,370 m reported in FY22.

ONMOBILE GLOBAL's revenue has fallen from Rs 6,297 m in FY19 to Rs 5,372 m in FY23.

Over the past 5 years, the revenue of ONMOBILE GLOBAL has grown at a CAGR of -3.9%.

What was the net profit of ONMOBILE GLOBAL in FY23? How does it compare to earlier years?

The net profit of ONMOBILE GLOBAL stood at Rs 68 m in FY23, which was down -79.1% compared to Rs 325 m reported in FY22.

This compares to a net profit of Rs 460 m in FY21 and a net profit of Rs 276 m in FY20.

Over the past 5 years, ONMOBILE GLOBAL net profit has grown at a CAGR of -22.6%.

What does the cash flow statement of ONMOBILE GLOBAL 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 ONMOBILE GLOBAL reveals:

  • Cash flow from operations increased in FY23 and stood at Rs 444 m as compared to Rs -242 m in FY22.
  • Cash flow from investments decreased in FY23 and stood at Rs -336 m as compared to Rs 169 m in FY22.
  • Cash flow from financial activity increased in FY23 and stood at Rs -85 m as compared to Rs -115 m in FY22.

Here's the cash flow statement of ONMOBILE GLOBAL for the past 5 years.

(Rs m)FY19FY20FY21FY22FY23
From Operations105172394-242444
From Investments-922122-129169-336
From Financial Activity-188-236-233-115-85
Net Cashflow-1,00610123-19142

What does the Key Ratio analysis of ONMOBILE GLOBAL 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 ONMOBILE GLOBAL reveals:

  • Operating profit margins witnessed a fall and stood at 1.3% in FY23 as against 8.0% in FY22.
  • Net profit margins declined from 6.2% in FY22 to 1.3% in FY23.
  • Debt to Equity ratio for FY23 stood at 0.0 as compared to 0.0 in FY22.

Here's the ratio/financial analysis of ONMOBILE GLOBAL for the past 5 years.

 FY19FY20FY21FY22FY23
Operating Profit Margin (%)4.08.312.58.01.3
Net Profit Margin (%)3.24.88.36.21.3
Debt to Equity Ratio (x)0.00.00.00.00.0

 

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