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.
RUCHI SOYA INDUSTRIES 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?  

RUCHI SOYA INDUSTRIES 2017-18 Annual Report Analysis
Thu, 28 Feb

RUCHI SOYA INDUSTRIES 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.

RUCHI SOYA INDUSTRIES Income Statement Analysis

  • Operating income during the year fell 37.3% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 574.7% YoY during the fiscal. Operating profit margins witnessed a growth and stood at 42.5% in FY18 as against 4.0% in FY17.
  • Depreciation charges decreased by 10.1% and finance costs increased by 1.0% YoY, respectively.
  • Other income declined by 65.7% YoY.
  • Net profit for the year grew by 322.3% YoY.
  • Net profit margins during the year declined from 7.1% in FY17 to 47.7% in FY18.

RUCHI SOYA INDUSTRIES Income Statement 2017-18

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Net Sales Rs m 191,729 120,271 -37.3%
Other income Rs m 1,076 369 -65.7%
Total Revenues Rs m 192,805 120,639 -37.4%
Gross profit Rs m -7,582 -51,153 574.7%
Depreciation Rs m 1,589 1,428 -10.1%
Interest Rs m 9,606 9,704 1.0%
Profit before tax Rs m -17,700 -61,916 249.8%
Tax Rs m -3,742 -4,369 16.8%
Profit after tax Rs m -13,626 -57,546 322.3%
Gross profit margin % -4.0 -42.5
Effective tax rate % 21.1 7.1
Net profit margin % -7.1 -47.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



RUCHI SOYA INDUSTRIES Balance Sheet Analysis

  • The company's current liabilities during FY18 stood at Rs 126 billion as compared to Rs 122 billion in FY17, thereby witnessing an increase of 3.4%.
  • Long-term debt down at Rs 734 million as compared to Rs 797 million during FY17, a fall of 8.0%.
  • Current assets fell 72% and stood at Rs 21 billion, while fixed assets fell 3% and stood at Rs 54 billion in FY18.
  • Overall, the total assets and liabilities for FY18 stood at Rs 77 billion as against Rs 135 billion during FY17, thereby witnessing a fall of 43%.

RUCHI SOYA INDUSTRIES Balance Sheet as on March 2018

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Networth Rs m 9,302 -47,069 -606.0
 
Current Liabilities Rs m 121,690 125,802 3.4
Long-term Debt Rs m 797 734 -8.0
Total Liabilities Rs m 135,233 77,315 -42.8
 
Current assets Rs m 77,145 21,277 -72.4
Fixed Assets Rs m 55,611 54,167 -2.6
Total Assets Rs m 135,233 77,315 -42.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



RUCHI SOYA INDUSTRIES Cash Flow Statement Analysis

  • RUCHI SOYA INDUSTRIES's cash flow from operating activities (CFO) during FY18 stood at Rs -12 billion on a YoY basis.
  • Cash flow from investing activities (CFI) during FY18 stood at Rs -681 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY18 stood at Rs 12 billion, an improvement of 279% on a YoY basis.
  • Overall, net cash flows for the company during FY18 stood at Rs -594 million from the Rs -1 billion net cash flows seen during FY17.

RUCHI SOYA INDUSTRIES 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 4,414 -11,876 -
Cash Flow from Investing Activities Rs m 863 -681 -
Cash Flow from Financing Activities Rs m -6,685 11,964 -
Net Cash Flow Rs m -1,408 -594 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for RUCHI SOYA INDUSTRIES

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs -172.2, an decline from the EPS of Rs -40.8 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 5.8, stands at -0.5 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at -0.2 times, while the price to sales ratio stands at 0.1 times.
  • The company's price to cash flow (P/CF) ratio stood at 0.0 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 573.9 360.0
TTM Earnings per share Rs -40.8 -172.2
Diluted earnings per share Rs -40.8 -172.3
Price to Cash Flow x -0.2 0.0
TTM P/E ratio x -0.5 -0.5
Price / Book Value ratio x 0.9 -0.2
Market Cap Rs m 1,938 1,938
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 RUCHI SOYA INDUSTRIES

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 0.2x during FY18, from 0.6x 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 -5.4x during FY18, from -0.8x 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 improved and stood at 122.3% during FY18, from -146.5% 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 112.7% during FY18, from -76.9% 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 -61.9% during FY18, from -3.0% 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 0.6 0.2
Debtors’ Days Days 101 9
Interest coverage x -0.8 -5.4
Debt to equity ratio x 0.1 0.0
Return on assets % -3.0 -61.9
Return on equity % -146.5 122.3
Return on capital employed % -76.9 112.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



To see how RUCHI SOYA INDUSTRIES has performed over the last 5 years, please visit here.

RUCHI SOYA INDUSTRIES Share Price Performance

Over the last one year, RUCHI SOYA INDUSTRIES share price has moved up from Rs 18.0 to Rs 5.8, registering a loss of Rs 12.2 or around 67.8%.

Overall, the S&P BSE SENSEX is up 4.8% over the year.

(To know more, check out historical annual results for RUCHI SOYA INDUSTRIES and quarterly results for RUCHI SOYA INDUSTRIES)

Equitymaster requests your view! Post a comment on "RUCHI SOYA INDUSTRIES 2017-18 Annual Report Analysis". Click here!

  

Related Views on News

RUCHI SOYA INDUSTRIES Announces Quarterly Results (3QFY19); Net Profit Down 99.7% (Quarterly Result Update)

Feb 18, 2019 | Updated on Feb 18, 2019

For the quarter ended December 2018, RUCHI SOYA INDUSTRIES has posted a net profit of Rs 63 m (down 99.7% YoY). Sales on the other hand came in at Rs 35 bn (up 14.8% YoY). Read on for a complete analysis of RUCHI SOYA INDUSTRIES's quarterly results.

RUCHI SOYA INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Down 99.5% (Quarterly Result Update)

Nov 27, 2018 | Updated on Nov 27, 2018

For the quarter ended September 2018, RUCHI SOYA INDUSTRIES has posted a net profit of Rs 157 m (down 99.5% YoY). Sales on the other hand came in at Rs 31 bn (up 1.7% YoY). Read on for a complete analysis of RUCHI SOYA INDUSTRIES's quarterly results.

Prataap Snacks Ltd. (IPO)

Sep 21, 2017

Is the Prataap Snacks IPO worth your attention?

Apex frozen food Ltd. (IPO)

Aug 21, 2017

Should you subscribe to the IPO of Apex Frozen Foods Ltd?

More Views on News

Most Popular

My Top 7 Stocks to Profit from Sensex 100,000(The 5 Minute Wrapup)

May 16, 2019

Tanushree Banerjee explains everything you need to know about the Rebirth of India and Sensex 100,000.

3 Stocks to Bet on to Become a 'Dividend Millionaire'(Profit Hunter)

May 14, 2019

As markets continue to rattle amid earning season, upcoming elections, volatile crude price and US China trade war, it's a great idea to add some stability to your portfolio by adding dividend stocks.

Indian Steel: The Perfect Multibagger Opportunity(Profit Hunter)

May 17, 2019

A structurally strong Indian Steel Industry will help India achieve 8%+ GDP growth in the coming years.

What Makes TVS Srichakra and CCL Products a Cut Above the Rest?(The 5 Minute Wrapup)

May 17, 2019

Despite the commodity nature of their businesses, these two stocks have rewarded shareholders well.

The Bitter Pill that Will Lay the Foundation for Sensex 100,000(The 5 Minute Wrapup)

May 14, 2019

These companies will help the Sensex more than double from current levels.

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 RUCHI SOYA INDUSTRIES

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

MORE ON RUCHI SOYA INDUSTRIES

RUCHI SOYA INDUSTRIES 8-QTR ANALYSIS

COMPARE RUCHI SOYA INDUSTRIES WITH

MARKET STATS