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.
SUNDARAM CLAYTON 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?  

SUNDARAM CLAYTON 2017-18 Annual Report Analysis
Tue, 1 Jan

SUNDARAM CLAYTON 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.

SUNDARAM CLAYTON Income Statement Analysis

  • Operating income during the year rose 29.7% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 50.8% YoY during the fiscal. Operating profit margins witnessed a fall and down at 8.6% in FY18 as against 7.4% in FY17.
  • Depreciation charges increased by 18.3% and finance costs increased by 321.9% YoY, respectively.
  • Other income declined by 13.4% YoY.
  • Net profit for the year grew by 14.9% YoY.
  • Net profit margins during the year declined from 4.0% in FY17 to 3.6% in FY18.

SUNDARAM CLAYTON Income Statement 2017-18

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Net Sales Rs m 134,982 175,117 29.7%
Other income Rs m 1,713 1,484 -13.4%
Total Revenues Rs m 136,695 176,601 29.2%
Gross profit Rs m 10,019 15,110 50.8%
Depreciation Rs m 3,775 4,467 18.3%
Interest Rs m 882 3,719 321.9%
Profit before tax Rs m 7,075 8,407 18.8%
Tax Rs m 1,627 2,120 30.2%
Profit after tax Rs m 5,471 6,288 14.9%
Gross profit margin % 7.4 8.6
Effective tax rate % 23.0 25.2
Net profit margin % 4.0 3.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



SUNDARAM CLAYTON Balance Sheet Analysis

  • The company's current liabilities during FY18 stood at Rs 86 billion as compared to Rs 36 billion in FY17, thereby witnessing an increase of 136.9%.
  • Long-term debt stood at Rs 26 billion as compared to Rs 6 billion during FY17, a growth of 323.7%.
  • Current assets rose 145% and stood at Rs 71 billion, while fixed assets rose 37% and stood at Rs 40 billion in FY18.
  • Overall, the total assets and liabilities for FY18 stood at Rs 148 billion as against Rs 73 billion during FY17, thereby witnessing a growth of 102%.

SUNDARAM CLAYTON Balance Sheet as on March 2018

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Networth Rs m 18,670 21,514 15.2
 
Current Liabilities Rs m 36,453 86,352 136.9
Long-term Debt Rs m 6,228 26,390 323.7
Total Liabilities Rs m 73,171 147,610 101.7
 
Current assets Rs m 28,957 70,827 144.6
Fixed Assets Rs m 29,419 40,229 36.7
Total Assets Rs m 73,171 147,610 101.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



SUNDARAM CLAYTON Cash Flow Statement Analysis

  • SUNDARAM CLAYTON's cash flow from operating activities (CFO) during FY18 stood at Rs 3 billion on a YoY basis.
  • Cash flow from investing activities (CFI) during FY18 stood at Rs -14 billion, an improvement of 68.7% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY18 stood at Rs 8 billion, an improvement of 1,421% on a YoY basis.
  • Overall, net cash flows for the company during FY18 stood at Rs -2 billion from the Rs -401 million net cash flows seen during FY17.

SUNDARAM CLAYTON 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 8,384 3,245 -61.3%
Cash Flow from Investing Activities Rs m -8,176 -13,794 -
Cash Flow from Financing Activities Rs m -610 8,054 -
Net Cash Flow Rs m -401 -2,495 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for SUNDARAM CLAYTON

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 310.8, an improvement from the EPS of Rs 270.4 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 3,588.0, stands at 230.0 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 4.6 times, while the price to sales ratio stands at 0.6 times.
  • The company's price to cash flow (P/CF) ratio stood at 25.3 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 6,672.4 8,656.3
TTM Earnings per share Rs 270.4 310.8
Diluted earnings per share Rs 72.1 82.9
Price to Cash Flow x 7.9 25.3
TTM P/E ratio x 61.3 230.0
Price / Book Value ratio x 3.2 4.6
Market Cap Rs m 72,585 272,257
Dividends per share (Unadj.) Rs 15.0 15.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for SUNDARAM CLAYTON

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 0.8x during FY18, from 0.8x 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 3.3x during FY18, from 9.0x 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 declined and down at 29.2% during FY18, from 29.3% 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 25.3% during FY18, from 32.0% 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 6.8% during FY18, from 8.7% 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 0.8 0.8
Debtors’ Days Days 23 27
Interest coverage x 9.0 3.3
Debt to equity ratio x 0.3 1.2
Return on assets % 8.7 6.8
Return on equity % 29.3 29.2
Return on capital employed % 32.0 25.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



To see how SUNDARAM CLAYTON has performed over the last 5 years, please visit here.

SUNDARAM CLAYTON Share Price Performance

Over the last one year, SUNDARAM CLAYTON share price has moved up from Rs 5,431.3 to Rs 3,588.0, registering a loss of Rs 1,843.3 or around 33.9%.

Overall, the S&P BSE SENSEX is up 6.5% over the year.

(To know more, check out historical annual results for SUNDARAM CLAYTON and quarterly results for SUNDARAM CLAYTON)

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

  

Related Views on News

SUNDARAM CLAYTON Announces Quarterly Results (3QFY19); Net Profit Up 5083.5% (Quarterly Result Update)

Jan 28, 2019 | Updated on Jan 28, 2019

For the quarter ended December 2018, SUNDARAM CLAYTON has posted a net profit of Rs 503 m (up 5083.5% YoY). Sales on the other hand came in at Rs 5 bn (up 16.0% YoY). Read on for a complete analysis of SUNDARAM CLAYTON's quarterly results.

SUNDARAM CLAYTON Announces Quarterly Results (2QFY19); Net Profit Up 129.8% (Quarterly Result Update)

Nov 9, 2018 | Updated on Nov 9, 2018

For the quarter ended September 2018, SUNDARAM CLAYTON has posted a net profit of Rs 121 m (up 129.8% YoY). Sales on the other hand came in at Rs 5 bn (up 18.5% YoY). Read on for a complete analysis of SUNDARAM CLAYTON's quarterly results.

SUNDARAM CLAYTON 2017-18 Annual Report Analysis (Annual Result Update)

Aug 24, 2018 | Updated on Aug 24, 2018

Here's an analysis of the annual report of SUNDARAM CLAYTON for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of SUNDARAM CLAYTON. Also includes updates on the valuation of SUNDARAM CLAYTON.

Sandhar Technologies IPO: Worth Betting on This Automotive Component Manufacturer? (IPO)

Mar 17, 2018

Should you subscribe to the IPO of Sandhar Technologies Ltd?

More Views on News

Most Popular

Stocks that Could Be Out of Reach Post Elections(The 5 Minute Wrapup)

Apr 9, 2019

It's a matter of time before the stocks catch the fancy of the markets and big investors.

3 Indian Stocks with Amazon-Like Potential(Profit Hunter)

Apr 10, 2019

We have identified 3 stocks with huge wealth building potential which meet our 'Click of a Button' criteria.

This Company is Making a Big Comeback and You Can Now Profit from Its Example(The 5 Minute Wrapup)

Apr 10, 2019

How Dell got its mojo back.

This is Why the Stock of Jubilant FoodWorks Went Up 1,160%(The 5 Minute Wrapup)

Apr 12, 2019

This critical business strategy has enabled companies to scale their operations faster.

Pocketing Massive Gains with HDFC And HDFC Bank(Profit Hunter)

Apr 12, 2019

Here's how one could have generated gains of Rs 59,250 in 10 days by trading HDFC and HDFC Bank with a capital of Rs 4 lakh.

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 SUNDARAM CLAYTON

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

MORE ON SUNDARAM CLAYTON

SUNDARAM CLAYTON - UCAL FUEL COMPARISON

COMPARE SUNDARAM CLAYTON WITH

MARKET STATS