SANGHVI MOVERS 2018-19 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?  

SANGHVI MOVERS 2018-19 Annual Report Analysis
Thu, 19 Sep

SANGHVI MOVERS has announced its results for the year ended March 2019. Let us have a look at the detailed performance review of the company during FY18-19.

SANGHVI MOVERS Income Statement Analysis

  • Operating income during the year rose 23.6% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 6.9% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 31.6% in FY19 as against 36.6% in FY18.
  • Depreciation charges increased by 3.0% and finance costs decreased by 13.1% YoY, respectively.
  • Other income declined by 35.9% YoY.
  • Net profit for the year grew by 1.0% YoY.
  • Net profit margins during the year grew from 23.1% in FY18 to 19.7% in FY19.

SANGHVI MOVERS Income Statement 2018-19

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Net Sales Rs m 2,284 2,824 23.6%
Other income Rs m 201 129 -35.9%
Total Revenues Rs m 2,485 2,953 18.8%
Gross profit Rs m 836 893 6.9%
Depreciation Rs m 1,367 1,408 3.0%
Interest Rs m 548 476 -13.1%
Profit before tax Rs m -879 -863 -1.8%
Tax Rs m -304 -282 -7.2%
Profit after tax Rs m -575 -581 1.0%
Gross profit margin % 36.6 31.6
Effective tax rate % 34.6 32.7
Net profit margin % -23.1 -19.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



SANGHVI MOVERS Balance Sheet Analysis

  • The company's current liabilities during FY19 stood at Rs 2 billion as compared to Rs 1 billion in FY18, thereby witnessing an increase of 10.4%.
  • Long-term debt down at Rs 3 billion as compared to Rs 5 billion during FY18, a fall of 28.6%.
  • Current assets fell 32% and stood at Rs 1 billion, while fixed assets fell 12% and stood at Rs 11 billion in FY19.
  • Overall, the total assets and liabilities for FY19 stood at Rs 12 billion as against Rs 14 billion during FY18, thereby witnessing a fall of 14%.

SANGHVI MOVERS Balance Sheet as on March 2019

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Networth Rs m 7,890 7,332 -7.1
 
Current Liabilities Rs m 1,372 1,514 10.4
Long-term Debt Rs m 4,589 3,275 -28.6
Total Liabilities Rs m 14,454 12,437 -14.0
 
Current assets Rs m 1,732 1,173 -32.3
Fixed Assets Rs m 12,574 11,079 -11.9
Total Assets Rs m 14,454 12,437 -14.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



SANGHVI MOVERS Cash Flow Statement Analysis

  • SANGHVI MOVERS's cash flow from operating activities (CFO) during FY19 stood at Rs 1 billion, an improvement of 1.1% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY19 stood at Rs 191 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY19 stood at Rs -1 billion on a YoY basis.
  • Overall, net cash flows for the company during FY19 stood at Rs 18 million from the Rs 1 million net cash flows seen during FY18.

SANGHVI MOVERS Cash Flow Statement 2018-19

Particulars No. of months 12 12 % Change
Year Ending Mar-18 Mar-19
Cash Flow from Operating Activities Rs m 1,265 1,279 1.1%
Cash Flow from Investing Activities Rs m -444 191 -
Cash Flow from Financing Activities Rs m -819 -1,452 -
Net Cash Flow Rs m 1 18 1,375.0%
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for SANGHVI MOVERS

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs -13.4, an decline from the EPS of Rs -13.3 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 89.7, stands at -7.7 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 0.9 times, while the price to sales ratio stands at 2.3 times.
  • The company's price to cash flow (P/CF) ratio stood at 4.7 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-18* 12 Mar-19*
Sales per share (Unadj.) Rs 52.8 65.2
TTM Earnings per share Rs -13.3 -13.4
Diluted earnings per share Rs -13.3 -13.4
Price to Cash Flow x 4.9 4.7
TTM P/E ratio x -7.7 -7.7
Price / Book Value ratio x 1.1 0.9
Market Cap Rs m 3,881 3,881
Dividends per share (Unadj.) Rs 0.0 0.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for SANGHVI MOVERS

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 0.8x during FY19, from 1.3x during FY18. 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 -0.8x during FY19, from -0.6x during FY18. 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 -7.9% during FY19, from -7.3% during FY19. 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 -3.6% during FY19, from -2.7% during FY18. 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 -0.8% during FY19, from -0.2% during FY18. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-18* 12 Mar-19*
Current ratio x 1.3 0.8
Debtors’ Days Days 215 116
Interest coverage x -0.6 -0.8
Debt to equity ratio x 0.6 0.4
Return on assets % -0.2 -0.8
Return on equity % -7.3 -7.9
Return on capital employed % -2.7 -3.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



To see how SANGHVI MOVERS has performed over the last 5 years, please visit here.

SANGHVI MOVERS Share Price Performance

Over the last one year, SANGHVI MOVERS share price has moved down from Rs 132.9 to Rs 89.7, registering a loss of Rs 43.2 or around 32.5%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,779.3 (down 1.1%). Over the last one year it has moved down from 18,168.6 to 16,779.3, a loss of 1,389 points (down 7.6%).

Overall, the S&P BSE SENSEX is down 2.8% over the year.

(To know more, check out historical annual results for SANGHVI MOVERS and quarterly results for SANGHVI MOVERS)

Equitymaster requests your view! Post a comment on "SANGHVI MOVERS 2018-19 Annual Report Analysis". Click here!

1 Responses to "SANGHVI MOVERS 2018-19 Annual Report Analysis"

Shamla Ravi Kiran

Jan 5, 2020

This useless analysis giving all obvious calculations and not telling any thing around how the company did, what their future plans etc.

Like (1)
  
Equitymaster requests your view! Post a comment on "SANGHVI MOVERS 2018-19 Annual Report Analysis". Click here!

Related Views on News

Mazagon Dock Shipbuilders IPO: Should You Apply? (IPO)

Sep 29, 2020

Should you bet on this public sector defence shipbuilder?

SANGHVI MOVERS Announces Quarterly Results (1QFY20); Net Profit Up 70.4% (Quarterly Result Update)

Aug 13, 2019 | Updated on Aug 13, 2019

For the quarter ended June 2019, SANGHVI MOVERS has posted a net profit of Rs 31 m (up 70.4% YoY). Sales on the other hand came in at Rs 833 m (up 16.4% YoY). Read on for a complete analysis of SANGHVI MOVERS's quarterly results.

SANGHVI MOVERS Announces Quarterly Results (4QFY19); Net Profit Down 347.0% (Quarterly Result Update)

May 28, 2019 | Updated on May 28, 2019

For the quarter ended March 2019, SANGHVI MOVERS has posted a net profit of Rs 241 m (down 347.0% YoY). Sales on the other hand came in at Rs 868 m (up 2.8% YoY). Read on for a complete analysis of SANGHVI MOVERS's quarterly results.

More Views on News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps(Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Make Rs 5,000 Per Day Trading the Market(Fast Profits Daily)

Feb 25, 2021

In this video, I'll show you how to get started on the path to daily trading profits.

I Believe the Investment of the Year Will Be...

Feb 19, 2021

In this episode, ace trader Brijesh Bhatia talks to us about the best investments of 2021, his profitable trading system, and much more.

The Hidden Tesla in My Great Indian Wealth Project(Profit Hunter)

Feb 23, 2021

An Indian company founded three decades ago in a garage caught my attention...

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

TRACK SANGHVI MOVERS

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

MORE ON SANGHVI MOVERS

SANGHVI MOVERS 8-QTR ANALYSIS

COMPARE SANGHVI MOVERS WITH

MARKET STATS