POWER GRID 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.
No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | % Change | |
---|---|---|---|---|
Net Sales | Rs m | 256,974 | 299,415 | 16.5% |
Other income | Rs m | 5,855 | 4,891 | -16.5% |
Total Revenues | Rs m | 262,830 | 304,305 | 15.8% |
Gross profit | Rs m | 227,274 | 262,526 | 15.5% |
Depreciation | Rs m | 77,223 | 92,310 | 19.5% |
Interest | Rs m | 62,036 | 73,241 | 18.1% |
Profit before tax | Rs m | 93,871 | 101,866 | 8.5% |
Tax | Rs m | 20,063 | 21,955 | 9.4% |
Profit after tax | Rs m | 74,507 | 81,983 | 10.0% |
Gross profit margin | % | 88.4 | 87.7 | |
Effective tax rate | % | 21.4 | 21.6 | |
Net profit margin | % | 28.3 | 26.9 |
No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | % Change | |
---|---|---|---|---|
Networth | Rs m | 498,655 | 544,260 | 9.1 |
Current Liabilities | Rs m | 252,686 | 281,059 | 11.2 |
Long-term Debt | Rs m | 1,112,532 | 1,227,103 | 10.3 |
Total Liabilities | Rs m | 1,956,450 | 2,143,267 | 9.5 |
Current assets | Rs m | 109,749 | 121,670 | 10.9 |
Fixed Assets | Rs m | 1,759,422 | 1,938,668 | 10.2 |
Total Assets | Rs m | 1,956,450 | 2,143,267 | 9.5 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Mar-17 | Mar-18 | ||
Cash Flow from Operating Activities | Rs m | 215,753 | 227,101 | 5.3% |
Cash Flow from Investing Activities | Rs m | -238,360 | -257,015 | - |
Cash Flow from Financing Activities | Rs m | 39,586 | 12,847 | -67.5% |
Net Cash Flow | Rs m | 16,979 | -17,067 | - |
No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 49.1 | 57.2 |
TTM Earnings per share | Rs | 14.2 | 15.7 |
Diluted earnings per share | Rs | 14.2 | 15.7 |
Price to Cash Flow | x | 6.9 | 6.0 |
TTM P/E ratio | x | 13.1 | 13.1 |
Price / Book Value ratio | x | 1.8 | 2.0 |
Market Cap | Rs m | 1,035,332 | 1,035,330 |
Dividends per share (Unadj.) | Rs | 4.4 | 5.3 |
Current Ratio: The company's current ratio improved and stood at 0.4x during FY18, from 0.4x 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 2.4x during FY18, from 2.5x 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.
Return on Equity (ROE): The ROE for the company improved and stood at 15.1% during FY18, from 14.9% 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 improved and stood at 10.0% during FY18, from 9.7% 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 improved and stood at 7.2% during FY18, from 7.0% during FY17. The ROA measures how efficiently the company uses its assets to generate earnings.
No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | |
---|---|---|---|
Current ratio | x | 0.4 | 0.4 |
Debtors’ Days | Days | 44 | 44 |
Interest coverage | x | 2.5 | 2.4 |
Debt to equity ratio | x | 2.2 | 2.3 |
Return on assets | % | 7.0 | 7.2 |
Return on equity | % | 14.9 | 15.1 |
Return on capital employed | % | 9.7 | 10.0 |
To see how POWER GRID has performed over the last 5 years, please visit here.
Over the last one year, POWER GRID share price has moved up from Rs 203.7 to Rs 197.9, registering a loss of Rs 5.8 or around 2.8%.
Meanwhile, the S&P BSE POWER Index is trading at Rs 2,005.6 (up 0.3%). Over the last one year it has moved down from 2,346.9 to 2,005.6, a loss of 341 points (down 14.5%).
Overall, the S&P BSE SENSEX is up 7.6% over the year.
(To know more, check out historical annual results for POWER GRID and quarterly results for POWER GRID)
For the quarter ended June 2020, POWER GRID has posted a net profit of Rs 16 bn (down 34.9% YoY). Sales on the other hand came in at Rs 90 bn (up 2.1% YoY). Read on for a complete analysis of POWER GRID's quarterly results.
For the quarter ended December 2019, POWER GRID has posted a net profit of Rs 23 bn (down 7.2% YoY). Sales on the other hand came in at Rs 90 bn (up 6.1% YoY). Read on for a complete analysis of POWER GRID's quarterly results.
Here's an analysis of the annual report of POWER GRID for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of POWER GRID. Also includes updates on the valuation of POWER GRID.
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