SUPREME PETR 2020-21 Annual Report Analysis

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SUPREME PETR 2020-21 Annual Report Analysis
Fri, 29 Oct

SUPREME PETR 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.

SUPREME PETR Income Statement Analysis

  • Operating income during the year rose 16.9% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 350.5% YoY during the fiscal. Operating profit margins witnessed a fall and down at 21.0% in FY21 as against 5.5% in FY20.
  • Depreciation charges increased by 8.6% and finance costs increased by 11.9% YoY, respectively.
  • Other income grew by 78.4% YoY.
  • Net profit for the year grew by 365.2% YoY.
  • Net profit margins during the year grew from 3.8% in FY20 to 14.9% in FY21.

SUPREME PETR Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 27,242 31,852 16.9%
Other income Rs m 119 213 78.4%
Total Revenues Rs m 27,362 32,065 17.2%
Gross profit Rs m 1,485 6,689 350.5%
Depreciation Rs m 360 391 8.6%
Interest Rs m 65 73 11.9%
Profit before tax Rs m 1,179 6,438 446.1%
Tax Rs m 152 1,663 990.8%
Profit after tax Rs m 1,027 4,775 365.2%
Gross profit margin % 5.5 21.0
Effective tax rate % 12.9 25.8
Net profit margin % 3.8 14.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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SUPREME PETR Balance Sheet Analysis

  • The company's current liabilities during FY21 stood at Rs 6 billion as compared to Rs 5 billion in FY20, thereby witnessing an increase of 19.3%.
  • Current assets rose 57% and stood at Rs 14 billion, while fixed assets rose 1% and stood at Rs 4 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 18 billion as against Rs 13 billion during FY20, thereby witnessing a growth of 40%.

SUPREME PETR Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 6,733 10,648 58.2
 
Current Liabilities Rs m 5,209 6,216 19.3
Long-term Debt Rs m 0 0 0.0
Total Liabilities Rs m 12,551 17,553 39.9
 
Current assets Rs m 8,673 13,651 57.4
Fixed Assets Rs m 3,878 3,903 0.6
Total Assets Rs m 12,551 17,553 39.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



SUPREME PETR Cash Flow Statement Analysis

  • SUPREME PETR's cash flow from operating activities (CFO) during FY21 stood at Rs 4 billion, an improvement of 265.2% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs -639 million, an improvement of 817.0% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -1 billion on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs 3 billion from the Rs 216 million net cash flows seen during FY20.

SUPREME PETR 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 1,190 4,347 265.2%
Cash Flow from Investing Activities Rs m -70 -639 -
Cash Flow from Financing Activities Rs m -905 -1,044 -
Net Cash Flow Rs m 216 2,664 1,135.0%
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for SUPREME PETR

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 50.8, an improvement from the EPS of Rs 10.6 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 631.7, stands at 8.8 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 2.5 times, while the price to sales ratio stands at 0.8 times.
  • The company's price to cash flow (P/CF) ratio stood at 11.5 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 282.5 338.8
TTM Earnings per share Rs 10.6 50.8
Diluted earnings per share Rs 10.9 50.8
Price to Cash Flow x 43.9 11.5
TTM P/E ratio x 9.0 8.8
Price / Book Value ratio x 2.5 2.5
Market Cap Rs m 60,919 59,393
Dividends per share (Unadj.) Rs 5.5 15.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for SUPREME PETR

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 2.2x during FY21, from 1.7x 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 89.6x during FY21, from 19.2x 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 44.8% during FY21, from 15.2% 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 61.1% during FY21, from 18.5% 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 improved and stood at 27.6% during FY21, from 8.7% 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 1.7 2.2
Debtors’ Days Days 332 439
Interest coverage x 19.2 89.6
Debt to equity ratio x 0.0 0.0
Return on assets % 8.7 27.6
Return on equity % 15.2 44.8
Return on capital employed % 18.5 61.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how SUPREME PETR has performed over the last 5 years, please visit here.

SUPREME PETR Share Price Performance

Over the last one year, SUPREME PETR share price has moved up from Rs 248.7 to Rs 631.7, registering a gain of Rs 383.1 or around 154.1%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 18,142.9 (down 0.5%). Over the last one year it has moved up from 11,952.4 to 18,142.9, a gain of 6,191 points (up 51.8%).

Overall, the S&P BSE SENSEX is up 46.4% over the year.

(To know more, check out historical annual results for SUPREME PETR and quarterly results for SUPREME PETR)

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