ORIENT ABRASIVES 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.
No. of Mths Year Ending | 12 Mar-20* | 12 Mar-21* | % Change | |
---|---|---|---|---|
Net Sales | Rs m | 3,458 | 3,022 | -12.6% |
Other income | Rs m | 76 | 24 | -68.7% |
Total Revenues | Rs m | 3,534 | 3,045 | -13.8% |
Gross profit | Rs m | 375 | 305 | -18.7% |
Depreciation | Rs m | 103 | 111 | 8.0% |
Interest | Rs m | 86 | 58 | -32.6% |
Profit before tax | Rs m | 262 | 160 | -39.1% |
Tax | Rs m | 56 | 46 | -18.6% |
Profit after tax | Rs m | 206 | 114 | -44.7% |
Gross profit margin | % | 10.9 | 10.1 | |
Effective tax rate | % | 21.5 | 28.8 | |
Net profit margin | % | 5.9 | 3.8 |
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No. of Mths Year Ending | 12 Mar-20* | 12 Mar-21* | % Change | |
---|---|---|---|---|
Networth | Rs m | 2,325 | 2,422 | 4.2 |
Current Liabilities | Rs m | 964 | 824 | -14.5 |
Long-term Debt | Rs m | 73 | 16 | -77.7 |
Total Liabilities | Rs m | 3,478 | 3,398 | -2.3 |
Current assets | Rs m | 2,153 | 2,157 | 0.2 |
Fixed Assets | Rs m | 1,325 | 1,241 | -6.3 |
Total Assets | Rs m | 3,478 | 3,398 | -2.3 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Mar-20 | Mar-21 | ||
Cash Flow from Operating Activities | Rs m | 408 | 295 | -27.6% |
Cash Flow from Investing Activities | Rs m | -112 | 26 | - |
Cash Flow from Financing Activities | Rs m | -337 | -298 | - |
Net Cash Flow | Rs m | -41 | 24 | - |
No. of Mths Year Ending | 12 Mar-20* | 12 Mar-21* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 28.9 | 25.3 |
TTM Earnings per share | Rs | 1.7 | 1.0 |
Diluted earnings per share | Rs | 1.7 | 1.0 |
Price to Cash Flow | x | 4.4 | 10.6 |
TTM P/E ratio | x | 6.7 | 21.8 |
Price / Book Value ratio | x | 1.0 | 1.0 |
Market Cap | Rs m | 2,276 | 2,384 |
Dividends per share (Unadj.) | Rs | 0.2 | 0.2 |
Current Ratio: The company's current ratio improved and stood at 2.6x during FY21, from 2.2x 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 deteriorated and stood at 3.7x during FY21, from 4.0x 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.
Return on Equity (ROE): The ROE for the company declined and down at 4.7% during FY21, from 8.8% 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 declined and down at 8.9% during FY21, from 14.5% 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 declined and down at 5.1% during FY21, from 8.4% during FY20. The ROA measures how efficiently the company uses its assets to generate earnings.
No. of Mths Year Ending | 12 Mar-20* | 12 Mar-21* | |
---|---|---|---|
Current ratio | x | 2.2 | 2.6 |
Debtors’ Days | Days | 983 | 1,255 |
Interest coverage | x | 4.0 | 3.7 |
Debt to equity ratio | x | 0.0 | 0.0 |
Return on assets | % | 8.4 | 5.1 |
Return on equity | % | 8.8 | 4.7 |
Return on capital employed | % | 14.5 | 8.9 |
To see how ORIENT ABRASIVES has performed over the last 5 years, please visit here.
Over the last one year, ORIENT ABRASIVES share price has moved up from Rs 11.5 to Rs 20.7, registering a gain of Rs 9.3 or around 80.8%.
Meanwhile, the S&P BSE METAL Index is trading at Rs 14,350.6 (up 0.4%). Over the last one year it has moved up from 5,713.3 to 14,350.6, a gain of 8,637 points (up 151.2%).
Overall, the S&P BSE SENSEX is up 74.1% over the year.
(To know more, check out historical annual results for ORIENT ABRASIVES and quarterly results for ORIENT ABRASIVES)
ORIENT ABRASIVES currently trades at Rs 47.7 per share. You can check out the latest share price performance of ORIENT ABRASIVES here...
The revenues of ORIENT ABRASIVES stood at Rs 3,045 m in FY21, which was down -13.8% compared to Rs 3,534 m reported in FY20.
ORIENT ABRASIVES' revenue has grown from Rs 1,958 m in FY17 to Rs 3,045 m in FY21.
Over the past 5 years, the revenue of ORIENT ABRASIVES has grown at a CAGR of 11.7%.
The net profit of ORIENT ABRASIVES stood at Rs 114 m in FY21, which was down -44.7% compared to Rs 206 m reported in FY20.
This compares to a net profit of Rs 162 m in FY19 and a net profit of Rs 170 m in FY18.
Over the past 5 years, ORIENT ABRASIVES net profit has grown at a CAGR of 12.8%.
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 ORIENT ABRASIVES reveals:
Here's the cash flow statement of ORIENT ABRASIVES for the past 5 years.
(Rs m) | FY17 | FY18 | FY19 | FY20 | FY21 |
---|---|---|---|---|---|
From Operations | 216 | 143 | 99 | 408 | 295 |
From Investments | -313 | -216 | -96 | -112 | 26 |
From Financial Activity | 91 | 72 | 39 | -337 | -298 |
Net Cashflow | -6 | -1 | 40 | -41 | 24 |
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 ORIENT ABRASIVES reveals:
Here's the ratio/financial analysis of ORIENT ABRASIVES for the past 5 years.
FY17 | FY18 | FY19 | FY20 | FY21 | |
---|---|---|---|---|---|
Operating Profit Margin (%) | 10.7 | 9.7 | 12.3 | 10.9 | 10.1 |
Net Profit Margin (%) | 3.6 | 5.3 | 5.2 | 5.9 | 3.8 |
Debt to Equity Ratio (x) | 0.0 | 0.1 | 0.1 | 0.0 | 0.0 |
Read: Latest Annual Report Analysis of ORIENT ABRASIVES
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