X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
PARSVNATH DEV 2017-18 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?  

PARSVNATH DEV 2017-18 Annual Report Analysis
Tue, 18 Dec

PARSVNATH DEV has announced its results for the year ended March 2018. Let us have a look at the detailed performance review of the company during FY17-18.

PARSVNATH DEV Income Statement Analysis

  • Operating income during the year fell 30.6% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 129.6% YoY during the fiscal. Operating profit margins witnessed a growth and stood at 11.1% in FY18 as against 26.1% in FY17.
  • Depreciation charges increased by 8.2% and finance costs increased by 38.8% YoY, respectively.
  • Other income declined by 40.6% YoY.
  • Net profit for the year grew by 117.6% YoY.
  • Net profit margins during the year declined from 48.6% in FY17 to 154.2% in FY18.

PARSVNATH DEV Income Statement 2017-18

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Net Sales Rs m 2,789 1,937 -30.6%
Other income Rs m 276 164 -40.6%
Total Revenues Rs m 3,065 2,101 -31.5%
Gross profit Rs m 728 -216 -129.6%
Depreciation Rs m 279 302 8.2%
Interest Rs m 2,336 3,241 38.8%
Profit before tax Rs m -1,611 -3,595 123.1%
Tax Rs m -122 -356 190.6%
Profit after tax Rs m -1,489 -3,239 117.6%
Gross profit margin % 26.1 -11.1
Effective tax rate % 7.6 9.9
Net profit margin % -48.6 -154.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



PARSVNATH DEV Balance Sheet Analysis

  • The company's current liabilities during FY18 stood at Rs 28 billion as compared to Rs 20 billion in FY17, thereby witnessing an increase of 40.8%.
  • Long-term debt down at Rs 32 billion as compared to Rs 33 billion during FY17, a fall of 2.0%.
  • Current assets rose 8% and stood at Rs 52 billion, while fixed assets rose 6% and stood at Rs 13 billion in FY18.
  • Overall, the total assets and liabilities for FY18 stood at Rs 84 billion as against Rs 80 billion during FY17, thereby witnessing a growth of 5%.

PARSVNATH DEV Balance Sheet as on March 2018

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Networth Rs m 24,822 21,650 -12.8
 
Current Liabilities Rs m 19,780 27,851 40.8
Long-term Debt Rs m 32,565 31,923 -2.0
Total Liabilities Rs m 79,564 83,903 5.5
 
Current assets Rs m 48,375 52,459 8.4
Fixed Assets Rs m 12,218 12,949 6.0
Total Assets Rs m 79,564 83,903 5.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



PARSVNATH DEV Cash Flow Statement Analysis

  • PARSVNATH DEV's cash flow from operating activities (CFO) during FY18 stood at Rs 846 million on a YoY basis.
  • Cash flow from investing activities (CFI) during FY18 stood at Rs -905 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY18 stood at Rs 3 million on a YoY basis.
  • Overall, net cash flows for the company during FY18 stood at Rs -56 million from the Rs -234 million net cash flows seen during FY17.

PARSVNATH DEV Cash Flow Statement 2017-18

Particulars No. of months 12 12 % Change
Year Ending Mar-17 Mar-18
Cash Flow from Operating Activities Rs m -3,317 846 -
Cash Flow from Investing Activities Rs m -1,521 -905 -
Cash Flow from Financing Activities Rs m 4,605 3 -99.9%
Net Cash Flow Rs m -234 -56 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for PARSVNATH DEV

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs -7.4, an decline from the EPS of Rs -3.4 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 7.4, stands at -3.1 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 0.5 times, while the price to sales ratio stands at 5.2 times.
  • The company's price to cash flow (P/CF) ratio stood at -1.1 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-17* 12 Mar-18*
Sales per share (Unadj.) Rs 6.4 4.5
TTM Earnings per share Rs -3.4 -7.4
Diluted earnings per share Rs -3.4 -7.4
Price to Cash Flow x -2.7 -1.1
TTM P/E ratio x -3.1 -3.1
Price / Book Value ratio x 0.3 0.5
Market Cap Rs m 3,238 3,238
Dividends per share (Unadj.) Rs 0.0 0.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for PARSVNATH DEV

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.9x during FY18, from 2.4x during FY17. 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 -0.1x during FY18, from 0.3x during FY17. 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 -15.0% during FY18, from -6.0% during FY18. 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 -0.7% during FY18, from 1.3% during FY17. 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 0.0% during FY18, from 1.1% during FY17. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-17* 12 Mar-18*
Current ratio x 2.4 1.9
Debtors’ Days Days 825 1,197
Interest coverage x 0.3 -0.1
Debt to equity ratio x 1.3 1.5
Return on assets % 1.1 0.0
Return on equity % -6.0 -15.0
Return on capital employed % 1.3 -0.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



To see how PARSVNATH DEV has performed over the last 5 years, please visit here.

PARSVNATH DEV Share Price Performance

Over the last one year, PARSVNATH DEV share price has moved up from Rs 28.1 to Rs 7.4, registering a loss of Rs 20.7 or around 73.5%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,833.2 (up 0.1%). Over the last one year it has moved down from 2,378.1 to 1,833.2, a loss of 545 points (down 22.9%).

Overall, the S&P BSE SENSEX is up 7.4% over the year.

(To know more, check out historical annual results for PARSVNATH DEV and quarterly results for PARSVNATH DEV)

Equitymaster requests your view! Post a comment on "PARSVNATH DEV 2017-18 Annual Report Analysis". Click here!

  

Related Views on News

PARSVNATH DEV Announces Quarterly Results (4QFY19); Net Profit Down 459.4% (Quarterly Result Update)

Jun 10, 2019 | Updated on Jun 10, 2019

For the quarter ended March 2019, PARSVNATH DEV has posted a net profit of Rs 2 bn (down 459.4% YoY). Sales on the other hand came in at Rs 7 bn (up 3940.9% YoY). Read on for a complete analysis of PARSVNATH DEV's quarterly results.

PARSVNATH DEV Announces Quarterly Results (3QFY19); Net Profit Up 1.7% (Quarterly Result Update)

Feb 20, 2019 | Updated on Feb 20, 2019

For the quarter ended December 2018, PARSVNATH DEV has posted a net profit of Rs 275 m (up 1.7% YoY). Sales on the other hand came in at Rs 207 m (up 5.1% YoY). Read on for a complete analysis of PARSVNATH DEV's quarterly results.

IRCON International IPO: Is This PSU Worth Betting On? (IPO)

Sep 17, 2018

Should you subscribe to the IPO of IRCON International Ltd?

Capacit'e Infraprojects Ltd. (IPO)

Sep 12, 2017

Should you subscribe to the IPO of Capacit'e Infraprojects Ltd?

Bharat Road Network Ltd. (IPO)

Sep 5, 2017

Should you subscribe to the IPO of Bharat Road Network Ltd?

More Views on News

Most Popular

The Best 4 Small-cap Stocks to Buy(The 5 Minute Wrapup)

Jun 3, 2019

In the sometimes good sometimes bad market of small caps, there are strong buying opportunities available today. But this great opportunity won't last forever.

The Great Indian NBFC Bubble Has Burst but I Will Still Recommend These Safe NBFCs(The 5 Minute Wrapup)

Jun 11, 2019

One chart that predicted the NBFC crisis back in 2016.

7 Stocks That Will Remain Evergreen in this Era of Technological Disruption(The 5 Minute Wrapup)

Jun 13, 2019

We are living in an era of disruption. Are your stocks well equipped to adapt to changes that disruption will bring along?

The Top 7 Stocks to Profit from Modi's Repeat Performance(Profit Hunter)

Jun 3, 2019

The long-term India story looks promising with the Modi government back in power. Which stocks are likely to go up the most?

Just One Stock Made Buffett Billions - And Can Make You Crores(Profit Hunter)

Jun 6, 2019

Coca Cola is arguably one of Warren Buffet's best stock picks. But did you know that small investors picked up the stock five decades before Buffet? Read on...

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

TRACK PARSVNATH DEV

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

PARSVNATH DEV 5-YR ANALYSIS

COMPARE PARSVNATH DEV WITH

MARKET STATS