SASKEN TECHNOLOGIES 2017-18 Annual Report Analysis

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SASKEN TECHNOLOGIES 2017-18 Annual Report Analysis
Sat, 31 Mar

SASKEN TECHNOLOGIES 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.

SASKEN TECHNOLOGIES Income Statement Analysis

  • Operating income during the year rose 7.7% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 3.5% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 13.5% in FY18 as against 15.0% in FY17.
  • Depreciation charges decreased by 5.9% increased by 0.0% YoY, respectively.
  • Other income grew by 16.3% YoY.
  • Net profit for the year declined by 2.7% YoY.
  • Net profit margins during the year declined from 18.1% in FY17 to 16.4% in FY18.

SASKEN TECHNOLOGIES Income Statement 2017-18

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Net Sales Rs m 4,673 5,030 7.7%
Other income Rs m 328 381 16.3%
Total Revenues Rs m 5,000 5,411 8.2%
Gross profit Rs m 702 678 -3.5%
Depreciation Rs m 66 62 -5.9%
Interest Rs m 0 0 0.0%
Profit before tax Rs m 964 997 3.4%
Tax Rs m 117 172 47.4%
Profit after tax Rs m 847 824 -2.7%
Gross profit margin % 15.0 13.5
Effective tax rate % 12.1 17.3
Net profit margin % 18.1 16.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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SASKEN TECHNOLOGIES Balance Sheet Analysis

  • The company's current liabilities during FY18 stood at Rs 1 billion as compared to Rs 937 million in FY17, thereby witnessing an increase of 11.6%.
  • Current assets rose 1% and stood at Rs 2 billion, while fixed assets rose 14% and stood at Rs 5 billion in FY18.
  • Overall, the total assets and liabilities for FY18 stood at Rs 7 billion as against Rs 7 billion during FY17, thereby witnessing a growth of 10%.

SASKEN TECHNOLOGIES Balance Sheet as on March 2018

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Networth Rs m 5,615 6,210 10.6
 
Current Liabilities Rs m 937 1,047 11.6
Long-term Debt Rs m 0 0 0.0
Total Liabilities Rs m 6,595 7,265 10.2
 
Current assets Rs m 1,763 1,775 0.7
Fixed Assets Rs m 4,832 5,489 13.6
Total Assets Rs m 6,595 7,265 10.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



SASKEN TECHNOLOGIES Cash Flow Statement Analysis

  • SASKEN TECHNOLOGIES's cash flow from operating activities (CFO) during FY18 stood at Rs 790 million, an improvement of 184.3% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY18 stood at Rs -563 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY18 stood at Rs -182 million, an improvement of 41% on a YoY basis.
  • Overall, net cash flows for the company during FY18 stood at Rs 63 million from the Rs 152 million net cash flows seen during FY17.

SASKEN TECHNOLOGIES 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 278 790 184.3%
Cash Flow from Investing Activities Rs m 191 -563 -
Cash Flow from Financing Activities Rs m -309 -182 -
Net Cash Flow Rs m 152 63 -58.3%
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for SASKEN TECHNOLOGIES

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 48.2, an decline from the EPS of Rs 49.5 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 698.0, stands at 12.7 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 1.7 times, while the price to sales ratio stands at 2.4 times.
  • The company's price to cash flow (P/CF) ratio stood at 11.5 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 273.1 294.0
TTM Earnings per share Rs 49.5 48.2
Diluted earnings per share Rs 56.3 54.8
Price to Cash Flow x 6.3 11.5
TTM P/E ratio x 7.4 12.7
Price / Book Value ratio x 1.1 1.6
Market Cap Rs m 6,445 10,184
Dividends per share (Unadj.) Rs 7.0 10.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for SASKEN TECHNOLOGIES

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 1.7x during FY18, from 1.9x during FY17. The current ratio measures the company's ability to pay short-term and long-term obligations.

  • Profitability Ratios
  • Return on Equity (ROE): The ROE for the company declined and down at 13.3% during FY18, from 15.1% 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 declined and down at 16.0% during FY18, from 17.2% 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 declined and down at 11.3% during FY18, from 12.8% 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 1.9 1.7
Debtors’ Days Days 607 571
Interest coverage x 0.0 0.0
Debt to equity ratio x 0.0 0.0
Return on assets % 12.8 11.3
Return on equity % 15.1 13.3
Return on capital employed % 17.2 16.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how SASKEN TECHNOLOGIES has performed over the last 5 years, please visit here.

SASKEN TECHNOLOGIES Share Price Performance

Over the last one year, SASKEN TECHNOLOGIES share price has moved up from Rs 379.2 to Rs 698.0, registering a gain of Rs 318.9 or around 84.1%.

Meanwhile, the S&P BSE IT Index is trading at Rs 12,100.6 (down 0.3%). Over the last one year it has moved up from 10,365.5 to 12,100.6, a gain of 1,735 points (up 16.7%).

Overall, the S&P BSE SENSEX is up 12.1% over the year.

(To know more, check out historical annual results for SASKEN TECHNOLOGIES and quarterly results for SASKEN TECHNOLOGIES)

Annual Report FAQs

What is the current share price of SASKEN TECHNOLOGIES?

SASKEN TECHNOLOGIES currently trades at Rs 775.6 per share. You can check out the latest share price performance of SASKEN TECHNOLOGIES here...

What was the revenue of SASKEN TECHNOLOGIES in FY18? How does it compare to earlier years?

The revenues of SASKEN TECHNOLOGIES stood at Rs 5,411 m in FY18, which was up 8.2% compared to Rs 5,000 m reported in FY17.

SASKEN TECHNOLOGIES' revenue has grown from Rs 4,994 m in FY16 to Rs 5,411 m in FY18.

Over the past 3 years, the revenue of SASKEN TECHNOLOGIES has grown at a CAGR of 4.1%.

What was the net profit of SASKEN TECHNOLOGIES in FY18? How does it compare to earlier years?

The net profit of SASKEN TECHNOLOGIES stood at Rs 824 m in FY18, which was down -2.7% compared to Rs 847 m reported in FY17.

This compares to a net profit of Rs 2,063 m in FY16.

Over the past 3 years, SASKEN TECHNOLOGIES net profit has grown at a CAGR of -36.8%.

What does the cash flow statement of SASKEN TECHNOLOGIES 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 SASKEN TECHNOLOGIES reveals:

  • Cash flow from operations increased in FY18 and stood at Rs 790 m as compared to Rs 278 m in FY17.
  • Cash flow from investments decreased in FY18 and stood at Rs -563 m as compared to Rs 191 m in FY17.
  • Cash flow from financial activity increased in FY18 and stood at Rs -182 m as compared to Rs -309 m in FY17.

Here's the cash flow statement of SASKEN TECHNOLOGIES for the past 3 years.

(Rs m)FY16FY17FY18
From Operations2,490278790
From Investments-808191-563
From Financial Activity-1,735-309-182
Net Cashflow-3915263

What does the Key Ratio analysis of SASKEN TECHNOLOGIES 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 SASKEN TECHNOLOGIES reveals:

  • Operating profit margins witnessed a fall and stood at 13.5% in FY18 as against 15.0% in FY17.
  • Net profit margins declined from 18.1% in FY17 to 16.4% in FY18.
  • Debt to Equity ratio for FY18 stood at 0.0 as compared to 0.0 in FY17.

Here's the ratio/financial analysis of SASKEN TECHNOLOGIES for the past 3 years.

 FY16FY17FY18
Operating Profit Margin (%)58.015.013.5
Net Profit Margin (%)42.718.116.4
Debt to Equity Ratio (x)0.00.00.0

Read: Latest Annual Report Analysis of SASKEN TECHNOLOGIES

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