SHARE INDIA SECURITIES 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?  

SHARE INDIA SECURITIES 2020-21 Annual Report Analysis
Thu, 18 Nov

SHARE INDIA SECURITIES 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.

SHARE INDIA SECURITIES Income Statement Analysis

  • Operating income during the year rose 98.0% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 80.0% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 28.3% in FY21 as against 31.2% in FY20.
  • Depreciation charges decreased by 0.6% and finance costs increased by 39.8% YoY, respectively.
  • Other income grew by 139.3% YoY.
  • Net profit for the year grew by 101.7% YoY.
  • Net profit margins during the year grew from 17.5% in FY20 to 17.8% in FY21.

SHARE INDIA SECURITIES Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 2,262 4,480 98.0%
Other income Rs m 24 59 139.3%
Total Revenues Rs m 2,287 4,538 98.5%
Gross profit Rs m 706 1,270 80.0%
Depreciation Rs m 45 44 -0.6%
Interest Rs m 179 250 39.8%
Profit before tax Rs m 507 1,034 104.1%
Tax Rs m 107 227 112.9%
Profit after tax Rs m 400 807 101.7%
Gross profit margin % 31.2 28.3
Effective tax rate % 21.1 22.0
Net profit margin % 17.5 17.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



EV Stocks: Which is Tanushree's Top Pick?

SHARE INDIA SECURITIES Balance Sheet Analysis

  • The company's current liabilities during FY21 stood at Rs 6 billion as compared to Rs 3 billion in FY20, thereby witnessing an increase of 117.9%.
  • Long-term debt down at Rs 0 million as compared to Rs 1 million during FY20, a fall of 94.6%.
  • Current assets rose 89% and stood at Rs 6 billion, while fixed assets rose 88% and stood at Rs 3 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 9 billion as against Rs 5 billion during FY20, thereby witnessing a growth of 89%.

SHARE INDIA SECURITIES Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 1,929 2,804 45.3
 
Current Liabilities Rs m 2,661 5,798 117.9
Long-term Debt Rs m 1 0 -94.6
Total Liabilities Rs m 4,526 8,535 88.6
 
Current assets Rs m 3,171 5,993 89.0
Fixed Assets Rs m 1,355 2,541 87.6
Total Assets Rs m 4,526 8,535 88.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



SHARE INDIA SECURITIES Cash Flow Statement Analysis

  • SHARE INDIA SECURITIES's cash flow from operating activities (CFO) during FY21 stood at Rs 2 billion, an improvement of 262.9% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs -2 billion, an improvement of 130.8% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -332 million on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs 563 million from the Rs 179 million net cash flows seen during FY20.

SHARE INDIA SECURITIES 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 676 2,455 262.9%
Cash Flow from Investing Activities Rs m -675 -1,559 -
Cash Flow from Financing Activities Rs m 178 -332 -
Net Cash Flow Rs m 179 563 215.3%
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for SHARE INDIA SECURITIES

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 25.3, an improvement from the EPS of Rs 12.5 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 887.8, stands at 21.7 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 1.9 times, while the price to sales ratio stands at 1.2 times.
  • The company's price to cash flow (P/CF) ratio stood at 33.3 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 70.9 140.4
TTM Earnings per share Rs 12.5 25.3
Diluted earnings per share Rs 12.5 25.3
Price to Cash Flow x 63.7 33.3
TTM P/E ratio x 21.7 21.7
Price / Book Value ratio x 1.0 1.9
Market Cap Rs m 28,327 28,327
Dividends per share (Unadj.) Rs 0.5 2.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for SHARE INDIA SECURITIES

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 1.0x during FY21, from 1.2x 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 5.1x during FY21, from 3.8x 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 28.8% during FY21, from 20.7% 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 45.8% during FY21, from 35.5% 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 12.4% during FY21, from 12.8% 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 1.2 1.0
Debtors’ Days Days 140 19
Interest coverage x 3.8 5.1
Debt to equity ratio x 0.0 0.0
Return on assets % 12.8 12.4
Return on equity % 20.7 28.8
Return on capital employed % 35.5 45.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how SHARE INDIA SECURITIES has performed over the last 5 years, please visit here.

SHARE INDIA SECURITIES Share Price Performance

Over the last one year, SHARE INDIA SECURITIES share price has moved up from Rs 102.1 to Rs 887.8, registering a gain of Rs 785.8 or around 770.0%.

Overall, the S&P BSE SENSEX is up 35.2% over the year.

(To know more, check out historical annual results for SHARE INDIA SECURITIES and quarterly results for SHARE INDIA SECURITIES)

Equitymaster requests your view! Post a comment on "SHARE INDIA SECURITIES 2020-21 Annual Report Analysis". Click here!

  

Related Views on News

Indian Railway Finance Corporation IPO: Should You Apply? (IPO)

Jan 18, 2021

Monopolistic railway financer with impeccable asset quality.

CAMS IPO: Should You Apply? (IPO)

Sep 18, 2020

Does the company having 70% market share of the mutual fund registrar business have sound prospects?

More Views on News

Most Popular

These 5 Penny Stocks are Held by Rakesh Jhunjhunwala. Worth a Look?(Views On News)

Jan 18, 2022

Rakesh Jhunjhunwala is holding these penny stocks in his portfolio for several years now.

Tech Mahindra's CTC Acquisition: Too Expensive?(Views On News)

Jan 18, 2022

Tech Mahindra's acquisition of European IT-company fails to excite investors.

5 Hidden Tata Group Companies to Add to Your Watchlist(Views On News)

Jan 18, 2022

Here's all you need to know about these five Tata group stocks that aren't as popular as the others.

Insiders are Buying into these 6 Stocks Aggressively. More Details here...(Views On News)

Jan 19, 2022

While promoter holding is an important parameter, it should not be the sole reason for buying a stock.

Top Indian Drone Companies to Watch Out for in 2022(Views On News)

Jan 21, 2022

Several companies are adopting drone technology for regular business operations.

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 SHARE INDIA SECURITIES

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

MORE ON SHARE INDIA SECURITIES

SHARE INDIA SECURITIES - GAJANAN SECURITIES COMPARISON

COMPARE SHARE INDIA SECURITIES WITH

MARKET STATS