PAUSHAK. 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?  

PAUSHAK. 2020-21 Annual Report Analysis
Wed, 3 Nov

PAUSHAK. 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.

PAUSHAK. Income Statement Analysis

  • Operating income during the year rose 2.2% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 11.7% YoY during the fiscal. Operating profit margins witnessed a fall and down at 35.8% in FY21 as against 32.8% in FY20.
  • Depreciation charges increased by 13.2% and finance costs decreased by 36.4% YoY, respectively.
  • Other income grew by 32.0% YoY.
  • Net profit for the year grew by 6.8% YoY.
  • Net profit margins during the year grew from 24.5% in FY20 to 25.3% in FY21.

PAUSHAK. Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 1,379 1,410 2.2%
Other income Rs m 46 61 32.0%
Total Revenues Rs m 1,426 1,471 3.2%
Gross profit Rs m 452 505 11.7%
Depreciation Rs m 44 50 13.2%
Interest Rs m 1 0 -36.4%
Profit before tax Rs m 454 516 13.7%
Tax Rs m 105 143 36.6%
Profit after tax Rs m 349 373 6.8%
Gross profit margin % 32.8 35.8
Effective tax rate % 23.1 27.7
Net profit margin % 24.5 25.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



FREE TRANSCRIPT: See How Richa Picks Potentially Crorepati-Making Stocks...

PAUSHAK. Balance Sheet Analysis

  • The company's current liabilities during FY21 stood at Rs 272 million as compared to Rs 162 million in FY20, thereby witnessing an increase of 67.6%.
  • Current assets fell 14% and stood at Rs 949 million, while fixed assets rose 47% and stood at Rs 2 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 3 billion as against Rs 3 billion during FY20, thereby witnessing a growth of 22%.

PAUSHAK. Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 2,272 2,717 19.5
 
Current Liabilities Rs m 162 272 67.6
Long-term Debt Rs m 0 0 0.0
Total Liabilities Rs m 2,698 3,288 21.8
 
Current assets Rs m 1,105 949 -14.1
Fixed Assets Rs m 1,593 2,339 46.8
Total Assets Rs m 2,698 3,288 21.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



PAUSHAK. Cash Flow Statement Analysis

  • PAUSHAK.'s cash flow from operating activities (CFO) during FY21 stood at Rs 298 million on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs -286 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -18 million on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs -6 million from the Rs 3 million net cash flows seen during FY20.

PAUSHAK. 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 454 298 -34.3%
Cash Flow from Investing Activities Rs m -433 -286 -
Cash Flow from Financing Activities Rs m -18 -18 -
Net Cash Flow Rs m 3 -6 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for PAUSHAK.

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 121.1, an improvement from the EPS of Rs 113.4 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 11,500.0, stands at 89.1 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 6.3 times, while the price to sales ratio stands at 12.2 times.
  • The company's price to cash flow (P/CF) ratio stood at 83.9 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 447.7 457.8
TTM Earnings per share Rs 113.4 121.1
Diluted earnings per share Rs 113.3 121.0
Price to Cash Flow x 90.2 83.9
TTM P/E ratio x 89.1 89.1
Price / Book Value ratio x 3.0 6.3
Market Cap Rs m 35,444 35,444
Dividends per share (Unadj.) Rs 6.0 6.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for PAUSHAK.

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 3.5x during FY21, from 6.8x 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 1,053.8x during FY21, from 590.3x 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 declined and down at 13.7% during FY21, from 15.4% 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 declined and down at 19.0% during FY21, from 20.0% 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 11.4% during FY21, from 13.0% 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 6.8 3.5
Debtors’ Days Days 693 852
Interest coverage x 590.3 1,053.8
Debt to equity ratio x 0.0 0.0
Return on assets % 13.0 11.4
Return on equity % 15.4 13.7
Return on capital employed % 20.0 19.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

PAUSHAK. Share Price Performance

Over the last one year, PAUSHAK. share price has moved up from Rs 3,438.6 to Rs 11,500.0, registering a gain of Rs 8,061.4 or around 234.4%.

Overall, the S&P BSE SENSEX is up 50.2% over the year.

(To know more, check out historical annual results for PAUSHAK. and quarterly results for PAUSHAK.)

Equitymaster requests your view! Post a comment on "PAUSHAK. 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

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.

Time to Buy Energy Stocks(Fast Profits Daily)

Jan 14, 2022

Energy is a sector that looks set to take off. It's time to get in.

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 PAUSHAK.

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

COMPARE PAUSHAK. WITH

MARKET STATS