P&G HYGIENE 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?  

P&G HYGIENE 2017-18 Annual Report Analysis
Mon, 31 Dec

P&G HYGIENE has announced its results for the year ended June 2018. Let us have a look at the detailed performance review of the company during FY17-18.

P&G HYGIENE Income Statement Analysis

  • Operating income during the year rose 5.8% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 7.4% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 25.1% in FY as against 28.6% in FY.
  • Depreciation charges decreased by 12.3% and finance costs decreased by 48.9% YoY, respectively.
  • Other income declined by 68.9% YoY.
  • Net profit for the year declined by 13.4% YoY.
  • Net profit margins during the year declined from 18.0% in FY to 15.1% in FY.

P&G HYGIENE Income Statement 2017-18

No. of Mths Year Ending 12 Jun-17* 12 Jun-18* % Change
Net Sales Rs m 23,204 24,553 5.8%
Other income Rs m 773 241 -68.9%
Total Revenues Rs m 23,977 24,794 3.4%
Gross profit Rs m 6,646 6,154 -7.4%
Depreciation Rs m 597 524 -12.3%
Interest Rs m 104 53 -48.9%
Profit before tax Rs m 6,718 5,818 -13.4%
Tax Rs m 2,390 2,072 -13.3%
Profit after tax Rs m 4,327 3,746 -13.4%
Gross profit margin % 28.6 25.1
Effective tax rate % 35.6 35.6
Net profit margin % 18.0 15.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



P&G HYGIENE Balance Sheet Analysis

  • The company's current liabilities during FY down at Rs 6 billion as compared to Rs 6 billion in FY, thereby witnessing an decrease of -1.9%.
  • Current assets rose 43% and stood at Rs 9 billion, while fixed assets fell 17% and stood at Rs 3 billion in FY.
  • Overall, the total assets and liabilities for FY stood at Rs 14 billion as against Rs 12 billion during FY, thereby witnessing a growth of 23%.

P&G HYGIENE Balance Sheet as on June 2018

No. of Mths Year Ending 12 Jun-17* 12 Jun-18* % Change
Networth Rs m 5,261 8,055 53.1
 
Current Liabilities Rs m 5,823 5,711 -1.9
Long-term Debt Rs m 0 0 0.0
Total Liabilities Rs m 11,601 14,254 22.9
 
Current assets Rs m 6,031 8,600 42.6
Fixed Assets Rs m 3,266 2,716 -16.8
Total Assets Rs m 11,601 14,254 22.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



P&G HYGIENE Cash Flow Statement Analysis

  • P&G HYGIENE's cash flow from operating activities (CFO) during FY stood at Rs 4 billion on a YoY basis.
  • Cash flow from investing activities (CFI) during FY stood at Rs -195 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY stood at Rs -1 billion, an improvement of 93% on a YoY basis.
  • Overall, net cash flows for the company during FY stood at Rs 3 billion from the Rs -10 billion net cash flows seen during FY.

P&G HYGIENE Cash Flow Statement 2017-18

Particulars No. of months 12 12 % Change
Year Ending Jun-17 Jun-18
Cash Flow from Operating Activities Rs m 4,453 4,155 -6.7%
Cash Flow from Investing Activities Rs m 1,493 -195 -
Cash Flow from Financing Activities Rs m -15,587 -1,061 -
Net Cash Flow Rs m -9,642 2,899 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for P&G HYGIENE

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 115.4, an decline from the EPS of Rs 133.3 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 9,885.0, stands at 79.6 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 36.8 times, while the price to sales ratio stands at 12.1 times.
  • The company's price to cash flow (P/CF) ratio stood at 75.2 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Jun-17* 12 Jun-18*
Sales per share (Unadj.) Rs 714.8 756.4
TTM Earnings per share Rs 133.3 115.4
Diluted earnings per share Rs 133.3 115.4
Price to Cash Flow x 65.2 75.2
TTM P/E ratio x 79.6 79.6
Price / Book Value ratio x 44.2 36.8
Market Cap Rs m 320,867 320,867
Dividends per share (Unadj.) Rs 27.0 40.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for P&G HYGIENE

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.5x during FY, from 1.0x during FY. 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 110.4x during FY, from 65.5x during FY. 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 46.5% during FY, from 82.2% during FY. 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 72.9% during FY, from 129.7% during FY. 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 26.7% during FY, from 38.2% during FY. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Jun-17* 12 Jun-18*
Current ratio x 1.0 1.5
Debtors’ Days Days 21 22
Interest coverage x 65.5 110.4
Debt to equity ratio x 0.0 0.0
Return on assets % 38.2 26.7
Return on equity % 82.2 46.5
Return on capital employed % 129.7 72.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



To see how P&G HYGIENE has performed over the last 5 years, please visit here.

P&G HYGIENE Share Price Performance

Over the last one year, P&G HYGIENE share price has moved up from Rs 9,381.0 to Rs 9,885.0, registering a gain of Rs 504.1 or around 5.4%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 11,885.9 (up 0.4%). Over the last one year it has moved up from 10,695.2 to 11,885.9, a gain of 1,191 points (up 11.1%).

Overall, the S&P BSE SENSEX is up 6.8% over the year.

(To know more, check out historical annual results for P&G HYGIENE and quarterly results for P&G HYGIENE)

Equitymaster requests your view! Post a comment on "P&G HYGIENE 2017-18 Annual Report Analysis". Click here!

1 Responses to "P&G HYGIENE 2017-18 Annual Report Analysis"

syed Habib Ullah

May 1, 2019

checking all relevant data

Like 
  
Equitymaster requests your view! Post a comment on "P&G HYGIENE 2017-18 Annual Report Analysis". Click here!

Related Views on News

P&G HYGIENE Announces Quarterly Results (4QFY19); Net Profit Up 8.3% (Quarterly Result Update)

May 9, 2019 | Updated on May 9, 2019

For the quarter ended March 2019, P&G HYGIENE has posted a net profit of Rs 901 m (up 8.3% YoY). Sales on the other hand came in at Rs 7 bn (up 22.9% YoY). Read on for a complete analysis of P&G HYGIENE's quarterly results.

P&G HYGIENE Announces Quarterly Results (3QFY19); Net Profit Down 5.4% (Quarterly Result Update)

Feb 12, 2019 | Updated on Feb 12, 2019

For the quarter ended December 2018, P&G HYGIENE has posted a net profit of Rs 1 bn (down 5.4% YoY). Sales on the other hand came in at Rs 8 bn (up 16.2% YoY). Read on for a complete analysis of P&G HYGIENE's quarterly results.

More Views on News

Most Popular

My 3 Best Small-cap Stocks to Get Rich in this Market Rebound(Profit Hunter)

Oct 14, 2019

This is once in a decade opportunity to make a killing from smallcap rebound.

Finally, Is the Share Price of Yes Bank Ready for a Rebound?(The 5 Minute Wrapup)

Oct 7, 2019

Here's what every individual investor must know about Yes Bank...

Rebound Riches Could be Yours With These Stocks(Profit Hunter)

Oct 4, 2019

The secret to multibagger is not big businesses, but great managements... Here's how to find them to make the most of once in a decade rebound opportunity.

The One Stock I Like in this Market(The 5 Minute Wrapup)

Oct 10, 2019

There are rare periods in markets when you get good quality stocks at attractive valuations. Is this one such period?

5 Smart Money Stocks to Profit from the Market Rebound(The 5 Minute Wrapup)

Oct 11, 2019

Now is the time to put money in these 5 stocks to take advantage of the recovery in the economy and the markets.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
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 P&G HYGIENE

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

P&G HYGIENE - P&G COMPARISON

COMPARE P&G HYGIENE WITH

MARKET STATS