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INTEGRA ENGINEERING 2021-22 Annual Report Analysis
Mon, 27 Jun

INTEGRA ENGINEERING has announced its results for the year ended March 2022. Let us have a look at the detailed performance review of the company during FY21-22.

INTEGRA ENGINEERING Income Statement Analysis

  • Operating income during the year rose 64.7% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 81.6% YoY during the fiscal. Operating profit margins witnessed a fall and down at 14.2% in FY22 as against 12.9% in FY21.
  • Depreciation charges increased by 8.5% and finance costs increased by 39.6% YoY, respectively.
  • Other income declined by 30.4% YoY.
  • Net profit for the year grew by 68.4% YoY.
  • Net profit margins during the year grew from 8.6% in FY21 to 8.8% in FY22.

INTEGRA ENGINEERING Income Statement 2021-22

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Net Sales Rs m 630 1,037 64.7%
Other income Rs m 19 13 -30.4%
Total Revenues Rs m 649 1,050 61.9%
Gross profit Rs m 81 147 81.6%
Depreciation Rs m 15 17 8.5%
Interest Rs m 7 10 39.6%
Profit before tax Rs m 77 133 73.2%
Tax Rs m 23 42 84.5%
Profit after tax Rs m 54 91 68.4%
Gross profit margin % 12.9 14.2
Effective tax rate % 29.9 31.8
Net profit margin % 8.6 8.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



New Research: 2 stocks to buy as Nifty50 heads towards 40,000

INTEGRA ENGINEERING Balance Sheet Analysis

  • The company's current liabilities during FY22 stood at Rs 508 million as compared to Rs 283 million in FY21, thereby witnessing an increase of 79.5%.
  • Long-term debt down at Rs 124 million as compared to Rs 124 million during FY21, a fall of 0.0%.
  • Current assets rose 53% and stood at Rs 817 million, while fixed assets rose 29% and stood at Rs 239 million in FY22.
  • Overall, the total assets and liabilities for FY22 stood at Rs 1 billion as against Rs 719 million during FY21, thereby witnessing a growth of 47%.

INTEGRA ENGINEERING Balance Sheet as on March 2022

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Networth Rs m 342 432 26.3
 
Current Liabilities Rs m 283 508 79.5
Long-term Debt Rs m 124 124 0.0
Total Liabilities Rs m 719 1,057 47.0
 
Current assets Rs m 534 817 53.1
Fixed Assets Rs m 185 239 29.3
Total Assets Rs m 719 1,057 47.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



INTEGRA ENGINEERING Cash Flow Statement Analysis

  • INTEGRA ENGINEERING's cash flow from operating activities (CFO) during FY22 stood at Rs -73 million on a YoY basis.
  • Cash flow from investing activities (CFI) during FY22 stood at Rs 21 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY22 stood at Rs 10 million, an improvement of 599% on a YoY basis.
  • Overall, net cash flows for the company during FY22 stood at Rs -41 million from the Rs 38 million net cash flows seen during FY21.

INTEGRA ENGINEERING Cash Flow Statement 2021-22

Particulars No. of months 12 12 % Change
Year Ending Mar-21 Mar-22
Cash Flow from Operating Activities Rs m 120 -73 -
Cash Flow from Investing Activities Rs m -80 21 -
Cash Flow from Financing Activities Rs m -2 10 -
Net Cash Flow Rs m 38 -41 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for INTEGRA ENGINEERING

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 2.7, an improvement from the EPS of Rs 1.6 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 69.1, stands at 26.0 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 5.5 times, while the price to sales ratio stands at 2.3 times.
  • The company's price to cash flow (P/CF) ratio stood at 21.3 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-21* 12 Mar-22*
Sales per share (Unadj.) Rs 18.4 30.3
TTM Earnings per share Rs 1.6 2.7
Diluted earnings per share Rs 1.6 2.7
Price to Cash Flow x 13.2 21.3
TTM P/E ratio x 16.9 26.0
Price / Book Value ratio x 2.8 5.3
Market Cap Rs m 955 2,292
Dividends per share (Unadj.) Rs 0.0 0.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for INTEGRA ENGINEERING

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 1.6x during FY22, from 1.9x during FY21. 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 improved and stood at 14.4x during FY22, from 11.8x during FY21. 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 21.0% during FY22, from 15.8% during FY22. 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 25.8% during FY22, from 18.1% during FY21. 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 9.6% during FY22, from 8.5% during FY21. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-21* 12 Mar-22*
Current ratio x 1.9 1.6
Debtors’ Days Days 1,404 1,595
Interest coverage x 11.8 14.4
Debt to equity ratio x 0.4 0.3
Return on assets % 8.5 9.6
Return on equity % 15.8 21.0
Return on capital employed % 18.1 25.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

INTEGRA ENGINEERING Share Price Performance

Over the last one year, INTEGRA ENGINEERING share price has moved up from Rs 43.8 to Rs 69.1, registering a gain of Rs 25.4 or around 57.9%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 25,946.8 (up 2.3%). Over the last one year it has moved up from 23,084.2 to 25,946.8, a gain of 2,863 points (up 12.4%).

Overall, the S&P BSE SENSEX is up 2.0% over the year.

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

Annual Report FAQs

What is the current share price of INTEGRA ENGINEERING?

INTEGRA ENGINEERING currently trades at Rs 228.0 per share. You can check out the latest share price performance of INTEGRA ENGINEERING here...

What was the revenue of INTEGRA ENGINEERING in FY22? How does it compare to earlier years?

The revenues of INTEGRA ENGINEERING stood at Rs 1,050 m in FY22, which was up 61.9% compared to Rs 649 m reported in FY21.

INTEGRA ENGINEERING's revenue has grown from Rs 459 m in FY18 to Rs 1,050 m in FY22.

Over the past 5 years, the revenue of INTEGRA ENGINEERING has grown at a CAGR of 23.0%.

What was the net profit of INTEGRA ENGINEERING in FY22? How does it compare to earlier years?

The net profit of INTEGRA ENGINEERING stood at Rs 91 m in FY22, which was up 68.4% compared to Rs 54 m reported in FY21.

This compares to a net profit of Rs 58 m in FY20 and a net profit of Rs 111 m in FY19.

Over the past 5 years, INTEGRA ENGINEERING net profit has grown at a CAGR of 27.8%.

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

  • Cash flow from operations decreased in FY22 and stood at Rs -73 m as compared to Rs 120 m in FY21.
  • Cash flow from investments increased in FY22 and stood at Rs 21 m as compared to Rs -80 m in FY21.
  • Cash flow from financial activity increased in FY22 and stood at Rs 10 m as compared to Rs -2 m in FY21.

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

(Rs m)FY18FY19FY20FY21FY22
From Operations55054120-73
From Investments-40-14-85-8021
From Financial Activity-1-2-3-210
Net Cashflow-3634-3438-41

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

  • Operating profit margins witnessed a fall and down at 14.2% in FY22 as against 12.9% in FY21.
  • Net profit margins grew from 8.6% in FY21 to 8.8% in FY22.
  • Debt to Equity ratio for FY22 stood at 0.3 as compared to 0.4 in FY21.

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

 FY18FY19FY20FY21FY22
Operating Profit Margin (%)10.414.613.312.914.2
Net Profit Margin (%)7.717.79.28.68.8
Debt to Equity Ratio (x)1.00.50.40.40.3

Read: Latest Annual Report Analysis of INTEGRA ENGINEERING

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