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NAVIN FLUORINE 2020-21 Annual Report Analysis
Wed, 31 Mar

NAVIN FLUORINE 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.

NAVIN FLUORINE Income Statement Analysis

  • Operating income during the year rose 11.1% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 23.3% YoY during the fiscal. Operating profit margins witnessed a fall and down at 27.5% in FY21 as against 24.8% in FY20.
  • Depreciation charges increased by 19.4% and finance costs decreased by 8.2% YoY, respectively.
  • Other income grew by 137.2% YoY.
  • Net profit for the year declined by 38.4% YoY.
  • Net profit margins during the year declined from 37.8% in FY20 to 20.9% in FY21.

NAVIN FLUORINE Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 10,616 11,794 11.1%
Other income Rs m 333 790 137.2%
Total Revenues Rs m 10,949 12,584 14.9%
Gross profit Rs m 2,635 3,248 23.3%
Depreciation Rs m 370 442 19.4%
Interest Rs m 20 18 -8.2%
Profit before tax Rs m 2,578 3,578 38.8%
Tax Rs m -1,436 1,108 -177.2%
Profit after tax Rs m 4,014 2,471 -38.4%
Gross profit margin % 24.8 27.5
Effective tax rate % -55.7 31.0
Net profit margin % 37.8 20.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



New Research: 2 stocks to buy as Nifty50 heads towards 40,000

NAVIN FLUORINE Balance Sheet Analysis

  • The company's current liabilities during FY21 stood at Rs 2 billion as compared to Rs 2 billion in FY20, thereby witnessing an increase of 14.0%.
  • Current assets rose 54% and stood at Rs 12 billion, while fixed assets fell 19% and stood at Rs 10 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 22 billion as against Rs 20 billion during FY20, thereby witnessing a growth of 9%.

NAVIN FLUORINE Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 14,095 16,315 15.8
 
Current Liabilities Rs m 1,772 2,020 14.0
Long-term Debt Rs m 0 0 0.0
Total Liabilities Rs m 19,971 21,834 9.3
 
Current assets Rs m 7,777 11,947 53.6
Fixed Assets Rs m 12,194 9,887 -18.9
Total Assets Rs m 19,971 21,834 9.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



NAVIN FLUORINE Cash Flow Statement Analysis

  • NAVIN FLUORINE's cash flow from operating activities (CFO) during FY21 stood at Rs 2 billion, an improvement of 51.5% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs -2 billion on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -451 million, an improvement of 44% on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs -449 million from the Rs 2 billion net cash flows seen during FY20.

NAVIN FLUORINE 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 1,566 2,373 51.5%
Cash Flow from Investing Activities Rs m 851 -2,371 -
Cash Flow from Financing Activities Rs m -809 -451 -
Net Cash Flow Rs m 1,609 -449 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for NAVIN FLUORINE

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 49.9, an decline from the EPS of Rs 81.1 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 2,750.1, stands at 55.2 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 8.4 times, while the price to sales ratio stands at 11.5 times.
  • The company's price to cash flow (P/CF) ratio stood at 35.0 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 214.5 238.3
TTM Earnings per share Rs 81.1 49.9
Diluted earnings per share Rs 81.0 49.9
Price to Cash Flow x 13.8 35.0
TTM P/E ratio x 15.1 55.2
Price / Book Value ratio x 3.9 6.3
Market Cap Rs m 54,413 101,988
Dividends per share (Unadj.) Rs 11.0 11.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for NAVIN FLUORINE

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 5.9x during FY21, from 4.4x 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 195.6x during FY21, from 129.6x 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 15.1% during FY21, from 28.5% 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 improved and stood at 22.0% during FY21, from 18.4% 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 20.2% 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 4.4 5.9
Debtors’ Days Days 751 879
Interest coverage x 129.6 195.6
Debt to equity ratio x 0.0 0.0
Return on assets % 20.2 11.4
Return on equity % 28.5 15.1
Return on capital employed % 18.4 22.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

NAVIN FLUORINE Share Price Performance

Over the last one year, NAVIN FLUORINE share price has moved up from Rs 1,224.7 to Rs 2,750.1, registering a gain of Rs 1,525.5 or around 124.6%.

Overall, the S&P BSE SENSEX is up 74.1% over the year.

(To know more, check out historical annual results for NAVIN FLUORINE and quarterly results for NAVIN FLUORINE)

Annual Report FAQs

What is the current share price of NAVIN FLUORINE?

NAVIN FLUORINE currently trades at Rs 3,107.3 per share. You can check out the latest share price performance of NAVIN FLUORINE here...

What was the revenue of NAVIN FLUORINE in FY21? How does it compare to earlier years?

The revenues of NAVIN FLUORINE stood at Rs 12,584 m in FY21, which was up 14.9% compared to Rs 10,949 m reported in FY20.

NAVIN FLUORINE's revenue has grown from Rs 7,558 m in FY17 to Rs 12,584 m in FY21.

Over the past 5 years, the revenue of NAVIN FLUORINE has grown at a CAGR of 13.6%.

What was the net profit of NAVIN FLUORINE in FY21? How does it compare to earlier years?

The net profit of NAVIN FLUORINE stood at Rs 2,471 m in FY21, which was down -38.4% compared to Rs 4,014 m reported in FY20.

This compares to a net profit of Rs 1,474 m in FY19 and a net profit of Rs 1,825 m in FY18.

Over the past 5 years, NAVIN FLUORINE net profit has grown at a CAGR of 15.9%.

What does the cash flow statement of NAVIN FLUORINE 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 NAVIN FLUORINE reveals:

  • Cash flow from operations increased in FY21 and stood at Rs 2,373 m as compared to Rs 1,566 m in FY20.
  • Cash flow from investments decreased in FY21 and stood at Rs -2,371 m as compared to Rs 851 m in FY20.
  • Cash flow from financial activity increased in FY21 and stood at Rs -451 m as compared to Rs -809 m in FY20.

Here's the cash flow statement of NAVIN FLUORINE for the past 5 years.

(Rs m)FY17FY18FY19FY20FY21
From Operations9241,6949021,5662,373
From Investments-156-1,363-243851-2,371
From Financial Activity-671-390-683-809-451
Net Cashflow97-59-251,609-449

What does the Key Ratio analysis of NAVIN FLUORINE 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 NAVIN FLUORINE reveals:

  • Operating profit margins witnessed a fall and down at 27.5% in FY21 as against 24.8% in FY20.
  • Net profit margins declined from 37.8% in FY20 to 20.9% in FY21.
  • Debt to Equity ratio for FY21 stood at 0.0 as compared to 0.0 in FY20.

Here's the ratio/financial analysis of NAVIN FLUORINE for the past 5 years.

 FY17FY18FY19FY20FY21
Operating Profit Margin (%)22.723.921.924.827.5
Net Profit Margin (%)19.620.314.837.820.9
Debt to Equity Ratio (x)0.00.00.00.00.0

Read: Latest Annual Report Analysis of NAVIN FLUORINE

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