SADBHAV ENGINEERING 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?  

SADBHAV ENGINEERING 2017-18 Annual Report Analysis
Tue, 18 Dec

SADBHAV ENGINEERING 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.

SADBHAV ENGINEERING Income Statement Analysis

  • Operating income during the year rose 10.6% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 24.1% YoY during the fiscal. Operating profit margins witnessed a fall and down at 29.7% in FY18 as against 26.5% in FY17.
  • Depreciation charges increased by 11.6% and finance costs increased by 10.6% YoY, respectively.
  • Other income declined by 24.2% YoY.
  • Net profit for the year declined by 33.6% YoY.
  • Net profit margins during the year grew from 3.7% in FY17 to 2.2% in FY18.

SADBHAV ENGINEERING Income Statement 2017-18

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Net Sales Rs m 44,977 49,747 10.6%
Other income Rs m 1,565 1,186 -24.2%
Total Revenues Rs m 46,542 50,934 9.4%
Gross profit Rs m 11,899 14,767 24.1%
Depreciation Rs m 3,211 3,584 11.6%
Interest Rs m 11,875 13,129 10.6%
Profit before tax Rs m -1,622 -760 -53.1%
Tax Rs m 94 380 302.4%
Profit after tax Rs m -1,717 -1,140 -33.6%
Gross profit margin % 26.5 29.7
Effective tax rate % -5.8 -50.0
Net profit margin % -3.7 -2.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



SADBHAV ENGINEERING Balance Sheet Analysis

  • The company's current liabilities during FY18 stood at Rs 36 billion as compared to Rs 27 billion in FY17, thereby witnessing an increase of 33.8%.
  • Long-term debt stood at Rs 84 billion as compared to Rs 83 billion during FY17, a growth of 2.1%.
  • Current assets rose 58% and stood at Rs 41 billion, while fixed assets fell 2% and stood at Rs 101 billion in FY18.
  • Overall, the total assets and liabilities for FY18 stood at Rs 149 billion as against Rs 138 billion during FY17, thereby witnessing a growth of 8%.

SADBHAV ENGINEERING Balance Sheet as on March 2018

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Networth Rs m 9,063 8,913 -1.7
 
Current Liabilities Rs m 26,631 35,633 33.8
Long-term Debt Rs m 82,595 84,357 2.1
Total Liabilities Rs m 138,199 149,271 8.0
 
Current assets Rs m 25,903 40,886 57.8
Fixed Assets Rs m 102,467 100,838 -1.6
Total Assets Rs m 138,199 149,271 8.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



SADBHAV ENGINEERING Cash Flow Statement Analysis

  • SADBHAV ENGINEERING's cash flow from operating activities (CFO) during FY18 stood at Rs 13 billion, an improvement of 248.3% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY18 stood at Rs -942 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY18 stood at Rs -11 billion on a YoY basis.
  • Overall, net cash flows for the company during FY18 stood at Rs 533 million from the Rs -407 million net cash flows seen during FY17.

SADBHAV ENGINEERING 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 3,656 12,735 248.3%
Cash Flow from Investing Activities Rs m -2,199 -942 -
Cash Flow from Financing Activities Rs m -1,864 -11,260 -
Net Cash Flow Rs m -407 533 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for SADBHAV ENGINEERING

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs -6.6, an improvement from the EPS of Rs -10.0 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 196.7, stands at 14.5 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 6.7 times, while the price to sales ratio stands at 1.2 times.
  • The company's price to cash flow (P/CF) ratio stood at 13.8 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 262.1 290.0
TTM Earnings per share Rs -10.0 -6.6
Diluted earnings per share Rs -10.0 -6.6
Price to Cash Flow x 22.6 13.8
TTM P/E ratio x 14.5 14.5
Price / Book Value ratio x 5.2 6.7
Market Cap Rs m 33,748 33,730
Dividends per share (Unadj.) Rs 0.8 1.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for SADBHAV ENGINEERING

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.1x during FY18, from 1.0x 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 0.9x during FY18, from 0.9x 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 -12.8% during FY18, from -18.9% 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 13.3% during FY18, from 11.2% 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 8.0% during FY18, from 7.4% 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 1.0 1.1
Debtors’ Days Days 129 102
Interest coverage x 0.9 0.9
Debt to equity ratio x 9.1 9.5
Return on assets % 7.4 8.0
Return on equity % -18.9 -12.8
Return on capital employed % 11.2 13.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



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

SADBHAV ENGINEERING Share Price Performance

Over the last one year, SADBHAV ENGINEERING share price has moved up from Rs 361.1 to Rs 196.7, registering a loss of Rs 164.4 or around 45.5%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,584.6 (up 0.6%). Over the last one year it has moved up from 18,447.1 to 18,584.6, a gain of 137 points (up 0.7%).

Overall, the S&P BSE SENSEX is up 7.4% over the year.

(To know more, check out historical annual results for SADBHAV ENGINEERING and quarterly results for SADBHAV ENGINEERING)

Equitymaster requests your view! Post a comment on "SADBHAV ENGINEERING 2017-18 Annual Report Analysis". Click here!

  

Related Views on News

SADBHAV ENGINEERING 2018-19 Annual Report Analysis (Annual Result Update)

Sep 19, 2019 | Updated on Sep 19, 2019

Here's an analysis of the annual report of SADBHAV ENGINEERING for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of SADBHAV ENGINEERING. Also includes updates on the valuation of SADBHAV ENGINEERING.

SADBHAV ENGINEERING Announces Quarterly Results (4QFY19); Net Profit Down 58.6% (Quarterly Result Update)

Jun 3, 2019 | Updated on Jun 3, 2019

For the quarter ended March 2019, SADBHAV ENGINEERING has posted a net profit of Rs 289 m (down 58.6% YoY). Sales on the other hand came in at Rs 10 bn (down 7.5% YoY). Read on for a complete analysis of SADBHAV ENGINEERING's quarterly results.

SADBHAV ENGINEERING Announces Quarterly Results (3QFY19); Net Profit Down 9.0% (Quarterly Result Update)

Feb 19, 2019 | Updated on Feb 19, 2019

For the quarter ended December 2018, SADBHAV ENGINEERING has posted a net profit of Rs 563 m (down 9.0% YoY). Sales on the other hand came in at Rs 9 bn (down 1.0% YoY). Read on for a complete analysis of SADBHAV ENGINEERING's quarterly results.

Garden Reach Shipbuilders and Engineers Ltd: Is This PSU Shipbuilder Worth Betting On? (IPO)

Sep 24, 2018

Should you apply for the IPO of Garden Reach Shipbuilders and Engineers Ltd?

H.G Infra Engineering Ltd. (IPO)

Feb 24, 2018

Should you subscribe to the IPO of H.G Infra Engineering Ltd.?

More Views on News

Most Popular

Bet on These Smallcap Stocks for Success in 2020(Profit Hunter)

Jan 14, 2020

The smallcap rebound finally seems to here... Make sure you aren't too late to make the most of the biggest wealth making opportunity in a decade.

Guess Which Stocks Are Rising at Double the Speed of Sensex(Profit Hunter)

Jan 15, 2020

These stocks can move twice as fast as the Sensex - to take advantage of their money multiplying power get in now as the rally is still just taking shape.. read more to not miss out.

For 1,000%+ Gains, Follow the 8-Year Cycle in the Stock Market(Fast Profits Daily)

Jan 17, 2020

This is how the biggest trading profits are made.

What the Infosys Results Tell Us About the Next Infosys(The 5 Minute Wrapup)

Jan 15, 2020

If you're interested in the next Infosys, I'll tell you where to look.

How to Buy the Best Safe Stocks in 2020(The 5 Minute Wrapup)

Jan 17, 2020

Don't fall for the safe stocks narrative going around in the stock market these days.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

TRACK SADBHAV ENGINEERING

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

MORE ON SADBHAV ENGINEERING

SADBHAV ENGINEERING - SANGHVI MOVERS COMPARISON

COMPARE SADBHAV ENGINEERING WITH

MARKET STATS