Helping You Build Wealth With Honest Research
Since 1996. Try Now

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Today at 5pm
Richa Agarwal's Top 3
Stocks for 2023 Revealed




**Important: We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
**By submitting your email address, you also sign up for Profit Hunter, a Free-for-life newsletter from Equitymaster,
which offers the most profitable investing ideas in India.


AD

SADBHAV ENGINEERING 2020-21 Annual Report Analysis
Wed, 31 Mar

SADBHAV ENGINEERING 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.

SADBHAV ENGINEERING Income Statement Analysis

  • Operating income during the year fell 35.7% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 76.4% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 27.8% in FY21 as against 75.8% in FY20.
  • Depreciation charges decreased by 47.4% and finance costs decreased by 28.9% YoY, respectively.
  • Other income declined by 5.6% YoY.
  • Net profit for the year declined by 121.5% YoY.
  • Net profit margins during the year declined from 31.7% in FY20 to 10.6% in FY21.

SADBHAV ENGINEERING Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 34,871 22,433 -35.7%
Other income Rs m 3,751 3,540 -5.6%
Total Revenues Rs m 38,622 25,973 -32.8%
Gross profit Rs m 26,444 6,228 -76.4%
Depreciation Rs m 4,012 2,110 -47.4%
Interest Rs m 14,120 10,046 -28.9%
Profit before tax Rs m 12,063 -2,389 -119.8%
Tax Rs m 1,001 -14 -101.4%
Profit after tax Rs m 11,062 -2,374 -121.5%
Gross profit margin % 75.8 27.8
Effective tax rate % 8.3 0.6
Net profit margin % 31.7 -10.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Today at 5 PM: Top 3 Stocks for 2023 Revealed

SADBHAV ENGINEERING Balance Sheet Analysis

  • The company's current liabilities during FY21 stood at Rs 42 billion as compared to Rs 35 billion in FY20, thereby witnessing an increase of 20.2%.
  • Long-term debt down at Rs 54 billion as compared to Rs 56 billion during FY20, a fall of 4.7%.
  • Current assets fell 2% and stood at Rs 40 billion, while fixed assets rose 3% and stood at Rs 85 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 126 billion as against Rs 124 billion during FY20, thereby witnessing a growth of 1%.

SADBHAV ENGINEERING Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 16,007 14,453 -9.7
 
Current Liabilities Rs m 34,794 41,816 20.2
Long-term Debt Rs m 56,328 53,675 -4.7
Total Liabilities Rs m 124,043 125,670 1.3
 
Current assets Rs m 41,347 40,486 -2.1
Fixed Assets Rs m 82,646 85,184 3.1
Total Assets Rs m 124,043 125,670 1.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



SADBHAV ENGINEERING Cash Flow Statement Analysis

  • SADBHAV ENGINEERING's cash flow from operating activities (CFO) during FY21 stood at Rs 12 billion, an improvement of 98.2% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs 1 billion on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -13 billion, an improvement of 34% on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs 141 million from the Rs -385 million net cash flows seen during FY20.

SADBHAV ENGINEERING 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 5,975 11,841 98.2%
Cash Flow from Investing Activities Rs m 13,109 1,182 -91.0%
Cash Flow from Financing Activities Rs m -19,468 -12,881 -
Net Cash Flow Rs m -385 141 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for SADBHAV ENGINEERING

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs -13.8, an decline from the EPS of Rs 64.5 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 62.3, stands at -4.5 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 0.7 times, while the price to sales ratio stands at 0.5 times.
  • The company's price to cash flow (P/CF) ratio stood at -35.3 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 203.2 130.8
TTM Earnings per share Rs 64.5 -13.8
Diluted earnings per share Rs 64.5 -13.8
Price to Cash Flow x 0.3 -35.3
TTM P/E ratio x 0.4 -4.5
Price / Book Value ratio x 1.6 0.6
Market Cap Rs m 25,967 9,329
Dividends per share (Unadj.) Rs 0.0 0.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for SADBHAV ENGINEERING

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 1.0x during FY21, from 1.2x 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 deteriorated and stood at 0.8x during FY21, from 1.9x 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 -16.4% during FY21, from 69.1% 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 declined and down at 11.2% during FY21, from 36.2% 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 6.1% during FY21, from 20.3% 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 1.2 1.0
Debtors’ Days Days 126 267
Interest coverage x 1.9 0.8
Debt to equity ratio x 3.5 3.7
Return on assets % 20.3 6.1
Return on equity % 69.1 -16.4
Return on capital employed % 36.2 11.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, 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 28.3 to Rs 62.3, registering a gain of Rs 34.0 or around 120.1%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 21,095.8 (down 0.4%). Over the last one year it has moved up from 10,979.5 to 21,095.8, a gain of 10,116 points (up 92.1%).

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

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

Annual Report FAQs

What is the current share price of SADBHAV ENGINEERING?

SADBHAV ENGINEERING currently trades at Rs 13.7 per share. You can check out the latest share price performance of SADBHAV ENGINEERING here...

What was the revenue of SADBHAV ENGINEERING in FY21? How does it compare to earlier years?

The revenues of SADBHAV ENGINEERING stood at Rs 25,973 m in FY21, which was down -32.8% compared to Rs 38,622 m reported in FY20.

SADBHAV ENGINEERING's revenue has fallen from Rs 46,542 m in FY17 to Rs 25,973 m in FY21.

Over the past 5 years, the revenue of SADBHAV ENGINEERING has grown at a CAGR of -13.6%.

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

The net loss of SADBHAV ENGINEERING stood at Rs -2,374 m in FY21, which was down -121.5% compared to Rs 11,062 m reported in FY20.

This compares to a net loss of Rs -541 m in FY19 and a net loss of Rs -1,140 m in FY18.

Over the past 5 years, SADBHAV ENGINEERING net profit has grown at a CAGR of 8.5%.

What does the cash flow statement of SADBHAV ENGINEERING 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 SADBHAV ENGINEERING reveals:

  • Cash flow from operations increased in FY21 and stood at Rs 11,841 m as compared to Rs 5,975 m in FY20.
  • Cash flow from investments decreased in FY21 and stood at Rs 1,182 m as compared to Rs 13,109 m in FY20.
  • Cash flow from financial activity increased in FY21 and stood at Rs -12,881 m as compared to Rs -19,468 m in FY20.

Here's the cash flow statement of SADBHAV ENGINEERING for the past 5 years.

(Rs m)FY17FY18FY19FY20FY21
From Operations3,65612,7352,4485,97511,841
From Investments-2,199-942-3713,1091,182
From Financial Activity-1,864-11,260-2,260-19,468-12,881
Net Cashflow-407533151-385141

What does the Key Ratio analysis of SADBHAV ENGINEERING 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 SADBHAV ENGINEERING reveals:

  • Operating profit margins witnessed a fall and stood at 27.8% in FY21 as against 75.8% in FY20.
  • Net profit margins declined from 31.7% in FY20 to 10.6% in FY21.
  • Debt to Equity ratio for FY21 stood at 3.7 as compared to 3.5 in FY20.

Here's the ratio/financial analysis of SADBHAV ENGINEERING for the past 5 years.

 FY17FY18FY19FY20FY21
Operating Profit Margin (%)26.529.729.375.827.8
Net Profit Margin (%)-3.8-2.3-1.031.7-10.6
Debt to Equity Ratio (x)9.19.511.63.53.7

Equitymaster requests your view! Post a comment on "SADBHAV ENGINEERING 2020-21 Annual Report Analysis". Click here!