S H KELKAR & CO. 2020-21 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?  

S H KELKAR & CO. 2020-21 Annual Report Analysis
Mon, 25 Oct

S H KELKAR & CO. 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.

S H KELKAR & CO. Income Statement Analysis

  • Operating income during the year rose 18.6% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 105.0% YoY during the fiscal. Operating profit margins witnessed a fall and down at 19.0% in FY21 as against 11.0% in FY20.
  • Depreciation charges increased by 19.4% and finance costs decreased by 21.3% YoY, respectively.
  • Other income grew by 199.6% YoY.
  • Net profit for the year grew by 314.2% YoY.
  • Net profit margins during the year grew from 3.1% in FY20 to 10.7% in FY21.

S H KELKAR & CO. Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 11,142 13,220 18.6%
Other income Rs m 78 235 199.6%
Total Revenues Rs m 11,221 13,454 19.9%
Gross profit Rs m 1,227 2,516 105.0%
Depreciation Rs m 515 615 19.4%
Interest Rs m 258 203 -21.3%
Profit before tax Rs m 533 1,933 262.5%
Tax Rs m 186 495 166.0%
Profit after tax Rs m 347 1,437 314.2%
Gross profit margin % 11.0 19.0
Effective tax rate % 34.9 25.6
Net profit margin % 3.1 10.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



FREE REPLAY: Discover What Richa Revealed in Her Smallcaps Summit

S H KELKAR & CO. Balance Sheet Analysis

  • The company's current liabilities during FY21 down at Rs 6 billion as compared to Rs 6 billion in FY20, thereby witnessing an decrease of -0.3%.
  • Long-term debt stood at Rs 3 billion as compared to Rs 544 million during FY20, a growth of 509.5%.
  • Current assets rose 29% and stood at Rs 10 billion, while fixed assets rose 28% and stood at Rs 8 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 19 billion as against Rs 15 billion during FY20, thereby witnessing a growth of 29%.

S H KELKAR & CO. Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 8,240 9,516 15.5
 
Current Liabilities Rs m 5,755 5,735 -0.3
Long-term Debt Rs m 544 3,316 509.5
Total Liabilities Rs m 14,574 18,740 28.6
 
Current assets Rs m 8,083 10,436 29.1
Fixed Assets Rs m 6,491 8,304 27.9
Total Assets Rs m 14,574 18,740 28.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



S H KELKAR & CO. Cash Flow Statement Analysis

  • S H KELKAR & CO.'s cash flow from operating activities (CFO) during FY21 stood at Rs 2 billion on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs -1 billion, an improvement of 268.9% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs 876 million, an improvement of 145% on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs 1 billion from the Rs -326 million net cash flows seen during FY20.

S H KELKAR & CO. 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 2,052 1,952 -4.9%
Cash Flow from Investing Activities Rs m -404 -1,489 -
Cash Flow from Financing Activities Rs m -1,962 876 -
Net Cash Flow Rs m -326 1,352 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for S H KELKAR & CO.

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 10.2, an improvement from the EPS of Rs 2.5 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 156.8, stands at 10.5 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 1.4 times, while the price to sales ratio stands at 1.0 times.
  • The company's price to cash flow (P/CF) ratio stood at 10.8 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 78.8 93.5
TTM Earnings per share Rs 2.5 10.2
Diluted earnings per share Rs 2.5 10.2
Price to Cash Flow x 25.7 10.8
TTM P/E ratio x 10.5 10.5
Price / Book Value ratio x 2.0 1.4
Market Cap Rs m 22,159 22,159
Dividends per share (Unadj.) Rs 1.0 1.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for S H KELKAR & CO.

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.8x during FY21, from 1.4x 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 improved and stood at 10.5x during FY21, from 3.1x 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 improved and stood at 15.1% during FY21, from 4.2% 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 improved and stood at 16.6% during FY21, from 9.0% 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 improved and stood at 8.8% during FY21, from 4.1% 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 1.4 1.8
Debtors’ Days Days 10 10
Interest coverage x 3.1 10.5
Debt to equity ratio x 0.1 0.3
Return on assets % 4.1 8.8
Return on equity % 4.2 15.1
Return on capital employed % 9.0 16.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how S H KELKAR & CO. has performed over the last 5 years, please visit here.

S H KELKAR & CO. Share Price Performance

Over the last one year, S H KELKAR & CO. share price has moved up from Rs 88.8 to Rs 156.8, registering a gain of Rs 68.0 or around 76.6%.

Overall, the S&P BSE SENSEX is up 49.8% over the year.

(To know more, check out historical annual results for S H KELKAR & CO. and quarterly results for S H KELKAR & CO.)

Equitymaster requests your view! Post a comment on "S H KELKAR & CO. 2020-21 Annual Report Analysis". Click here!

  

Related Views on News

S H KELKAR & CO. Announces Quarterly Results (1QFY22); Net Profit Up 448.9% (Quarterly Result Update)

Aug 9, 2021 | Updated on Aug 9, 2021

For the quarter ended June 2021, S H KELKAR & CO. has posted a net profit of Rs 814 m (up 448.9% YoY). Sales on the other hand came in at Rs 4 bn (up 84.7% YoY). Read on for a complete analysis of S H KELKAR & CO.'s quarterly results.

More Views on News

Most Popular

Infosys vs TCS: Which is Better?(Views On News)

Nov 26, 2021

In the post pandemic era, the top two IT companies in India are fighting to capture the growing demand for IT.

This Multibagger Stock Zooms 20% After Dolly Khanna Buys Stake(Views On News)

Nov 24, 2021

Shares of this edible oil company zoomed over 50% in three days after ace investor bought around 1% stake.

Don't Sell these Stocks if the Market Falls(Profit Hunter)

Nov 17, 2021

These are the 3 types of stocks that you should not sell in a market crash.

How to Find Your Next 10-Bagger in this Market(Profit Hunter)

Nov 19, 2021

The #1 make or break factor in your portfolio you shouldn't ignore.

6 Popular Stocks that Turned into Penny Stocks(Views On News)

Nov 27, 2021

A look at popular stocks that crashed big time and never recovered, i.e. which went from 'Multibaggers to Multibeggers'.

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2022
Get our special report Multibagger Stocks Guide (2022 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

TRACK S H KELKAR & CO.

  • Track your investment in S H KELKAR & CO. with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON S H KELKAR & CO.

S H KELKAR & CO. - AMAL PRODUCT COMPARISON

COMPARE S H KELKAR & CO. WITH

MARKET STATS