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SUNDARAM CLAYTON 2020-21 Annual Report Analysis
Wed, 31 Mar

SUNDARAM CLAYTON 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.

SUNDARAM CLAYTON Income Statement Analysis

  • Operating income during the year rose 2.2% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 0.7% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 11.7% in FY21 as against 11.8% in FY20.
  • Depreciation charges decreased by 0.9% and finance costs increased by 2.1% YoY, respectively.
  • Other income grew by 12.1% YoY.
  • Net profit for the year declined by 5.4% YoY.
  • Net profit margins during the year declined from 3.2% in FY20 to 2.9% in FY21.

SUNDARAM CLAYTON Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 198,587 202,987 2.2%
Other income Rs m 562 630 12.1%
Total Revenues Rs m 199,149 203,617 2.2%
Gross profit Rs m 23,501 23,660 0.7%
Depreciation Rs m 6,487 6,427 -0.9%
Interest Rs m 9,099 9,291 2.1%
Profit before tax Rs m 8,477 8,571 1.1%
Tax Rs m 2,187 2,622 19.9%
Profit after tax Rs m 6,291 5,950 -5.4%
Gross profit margin % 11.8 11.7
Effective tax rate % 25.8 30.6
Net profit margin % 3.2 2.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

SUNDARAM CLAYTON Balance Sheet Analysis

  • The company's current liabilities during FY21 stood at Rs 115 billion as compared to Rs 107 billion in FY20, thereby witnessing an increase of 7.1%.
  • Long-term debt stood at Rs 66 billion as compared to Rs 55 billion during FY20, a growth of 21.3%.
  • Current assets rose 7% and stood at Rs 111 billion, while fixed assets rose 19% and stood at Rs 122 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 233 billion as against Rs 206 billion during FY20, thereby witnessing a growth of 13%.

SUNDARAM CLAYTON Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 24,635 29,046 17.9
 
Current Liabilities Rs m 107,071 114,719 7.1
Long-term Debt Rs m 54,690 66,349 21.3
Total Liabilities Rs m 206,121 233,086 13.1
 
Current assets Rs m 103,381 111,043 7.4
Fixed Assets Rs m 102,740 122,044 18.8
Total Assets Rs m 206,121 233,086 13.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



SUNDARAM CLAYTON Cash Flow Statement Analysis

  • SUNDARAM CLAYTON's cash flow from operating activities (CFO) during FY21 stood at Rs 12 billion, an improvement of 165.1% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs -10 billion on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs 3 billion on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs 5 billion from the Rs 12 billion net cash flows seen during FY20.

SUNDARAM CLAYTON 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 4,582 12,146 165.1%
Cash Flow from Investing Activities Rs m -10,548 -9,793 -
Cash Flow from Financing Activities Rs m 17,954 2,607 -85.5%
Net Cash Flow Rs m 11,988 4,961 -58.6%
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for SUNDARAM CLAYTON

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 294.1, an decline from the EPS of Rs 310.9 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 3,076.8, stands at 10.5 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 2.1 times, while the price to sales ratio stands at 0.3 times.
  • The company's price to cash flow (P/CF) ratio stood at 4.3 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 9,816.5 10,034.0
TTM Earnings per share Rs 310.9 294.1
Diluted earnings per share Rs 310.9 294.1
Price to Cash Flow x 2.3 4.3
TTM P/E ratio x 4.7 10.5
Price / Book Value ratio x 1.6 1.8
Market Cap Rs m 40,065 52,803
Dividends per share (Unadj.) Rs 31.0 26.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for SUNDARAM CLAYTON

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.0x during FY21, from 1.0x 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 1.9x 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 20.5% during FY21, from 25.5% 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 18.7% during FY21, from 22.2% 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 6.5% during FY21, from 7.5% 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 1.0 1.0
Debtors’ Days Days 3 2
Interest coverage x 1.9 1.9
Debt to equity ratio x 2.2 2.3
Return on assets % 7.5 6.5
Return on equity % 25.5 20.5
Return on capital employed % 22.2 18.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, 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 1,476.5 to Rs 3,076.8, registering a gain of Rs 1,600.4 or around 108.4%.

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

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

Annual Report FAQs

What is the current share price of SUNDARAM CLAYTON?

SUNDARAM CLAYTON currently trades at Rs 8,159.5 per share. You can check out the latest share price performance of SUNDARAM CLAYTON here...

What was the revenue of SUNDARAM CLAYTON in FY21? How does it compare to earlier years?

The revenues of SUNDARAM CLAYTON stood at Rs 203,617 m in FY21, which was up 2.2% compared to Rs 199,149 m reported in FY20.

SUNDARAM CLAYTON's revenue has grown from Rs 124,374 m in FY17 to Rs 203,617 m in FY21.

Over the past 5 years, the revenue of SUNDARAM CLAYTON has grown at a CAGR of 13.1%.

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

The net profit of SUNDARAM CLAYTON stood at Rs 5,950 m in FY21, which was down -5.4% compared to Rs 6,291 m reported in FY20.

This compares to a net profit of Rs 7,462 m in FY19 and a net profit of Rs 6,274 m in FY18.

Over the past 5 years, SUNDARAM CLAYTON net profit has grown at a CAGR of 2.2%.

What does the cash flow statement of SUNDARAM CLAYTON 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 SUNDARAM CLAYTON reveals:

  • Cash flow from operations increased in FY21 and stood at Rs 12,146 m as compared to Rs 4,582 m in FY20.
  • Cash flow from investments increased in FY21 and stood at Rs -9,793 m as compared to Rs -10,548 m in FY20.
  • Cash flow from financial activity decreased in FY21 and stood at Rs 2,607 m as compared to Rs 17,954 m in FY20.

Here's the cash flow statement of SUNDARAM CLAYTON for the past 5 years.

(Rs m)FY17FY18FY19FY20FY21
From Operations8,3843,245-7,1004,58212,146
From Investments-8,176-13,794-13,240-10,548-9,793
From Financial Activity-61011,97820,84617,9542,607
Net Cashflow-4011,42950711,9884,961

What does the Key Ratio analysis of SUNDARAM CLAYTON 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 SUNDARAM CLAYTON reveals:

  • Operating profit margins witnessed a fall and stood at 11.7% in FY21 as against 11.8% in FY20.
  • Net profit margins declined from 3.2% in FY20 to 2.9% in FY21.
  • Debt to Equity ratio for FY21 stood at 2.3 as compared to 2.2 in FY20.

Here's the ratio/financial analysis of SUNDARAM CLAYTON for the past 5 years.

 FY17FY18FY19FY20FY21
Operating Profit Margin (%)8.28.810.911.811.7
Net Profit Margin (%)4.53.73.53.22.9
Debt to Equity Ratio (x)0.31.22.12.22.3

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