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SUPREME INDUSTRIES 2020-21 Annual Report Analysis
Wed, 31 Mar

SUPREME INDUSTRIES 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 INDUSTRIES Income Statement Analysis

  • Operating income during the year rose 15.3% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 53.9% YoY during the fiscal. Operating profit margins witnessed a fall and down at 20.2% in FY21 as against 15.1% in FY20.
  • Depreciation charges increased by 3.5% and finance costs decreased by 25.5% YoY, respectively.
  • Other income grew by 54.3% YoY.
  • Net profit for the year grew by 90.8% YoY.
  • Net profit margins during the year grew from 7.9% in FY20 to 13.1% in FY21.

SUPREME INDUSTRIES Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 55,115 63,571 15.3%
Other income Rs m 110 169 54.3%
Total Revenues Rs m 55,225 63,740 15.4%
Gross profit Rs m 8,346 12,843 53.9%
Depreciation Rs m 2,057 2,128 3.5%
Interest Rs m 297 221 -25.5%
Profit before tax Rs m 6,101 10,662 74.8%
Tax Rs m 1,739 2,341 34.6%
Profit after tax Rs m 4,362 8,322 90.8%
Gross profit margin % 15.1 20.2
Effective tax rate % 28.5 22.0
Net profit margin % 7.9 13.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

SUPREME INDUSTRIES Balance Sheet Analysis

  • The company's current liabilities during FY21 down at Rs 10 billion as compared to Rs 12 billion in FY20, thereby witnessing an decrease of -17.4%.
  • Long-term debt down at Rs 6 million as compared to Rs 9 million during FY20, a fall of 30.7%.
  • Current assets rose 29% and stood at Rs 21 billion, while fixed assets rose 10% and stood at Rs 22 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 43 billion as against Rs 36 billion during FY20, thereby witnessing a growth of 18%.

SUPREME INDUSTRIES Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 22,612 31,692 40.2
 
Current Liabilities Rs m 11,716 9,682 -17.4
Long-term Debt Rs m 9 6 -30.7
Total Liabilities Rs m 36,185 42,823 18.3
 
Current assets Rs m 16,077 20,659 28.5
Fixed Assets Rs m 20,108 22,164 10.2
Total Assets Rs m 36,185 42,823 18.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



SUPREME INDUSTRIES Cash Flow Statement Analysis

  • SUPREME INDUSTRIES's cash flow from operating activities (CFO) during FY21 stood at Rs 12 billion, an improvement of 131.1% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs -2 billion, an improvement of 2.4% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -5 billion on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs 5 billion from the Rs 2 billion net cash flows seen during FY20.

SUPREME INDUSTRIES 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 5,393 12,464 131.1%
Cash Flow from Investing Activities Rs m -1,959 -2,006 -
Cash Flow from Financing Activities Rs m -1,555 -5,055 -
Net Cash Flow Rs m 1,878 5,416 188.4%
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for SUPREME INDUSTRIES

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 65.5, an improvement from the EPS of Rs 34.3 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 2,037.5, stands at 31.1 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 8.2 times, while the price to sales ratio stands at 4.1 times.
  • The company's price to cash flow (P/CF) ratio stood at 17.8 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 433.9 500.4
TTM Earnings per share Rs 34.3 65.5
Diluted earnings per share Rs 34.3 65.5
Price to Cash Flow x 17.2 17.8
TTM P/E ratio x 24.9 31.1
Price / Book Value ratio x 6.2 5.9
Market Cap Rs m 140,425 185,567
Dividends per share (Unadj.) Rs 14.0 22.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for SUPREME INDUSTRIES

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 2.1x 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 49.2x during FY21, from 21.5x 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 26.3% during FY21, from 19.3% 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 34.3% during FY21, from 28.3% 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 19.9% during FY21, from 12.9% 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 2.1
Debtors’ Days Days 207 224
Interest coverage x 21.5 49.2
Debt to equity ratio x 0.0 0.0
Return on assets % 12.9 19.9
Return on equity % 19.3 26.3
Return on capital employed % 28.3 34.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

SUPREME INDUSTRIES Share Price Performance

Over the last one year, SUPREME INDUSTRIES share price has moved up from Rs 868.6 to Rs 2,037.5, registering a gain of Rs 1,168.9 or around 134.6%.

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

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

Annual Report FAQs

What is the current share price of SUPREME INDUSTRIES?

SUPREME INDUSTRIES currently trades at Rs 4,217.0 per share. You can check out the latest share price performance of SUPREME INDUSTRIES here...

What was the revenue of SUPREME INDUSTRIES in FY21? How does it compare to earlier years?

The revenues of SUPREME INDUSTRIES stood at Rs 63,740 m in FY21, which was up 15.4% compared to Rs 55,225 m reported in FY20.

SUPREME INDUSTRIES' revenue has grown from Rs 39,339 m in FY17 to Rs 63,740 m in FY21.

Over the past 5 years, the revenue of SUPREME INDUSTRIES has grown at a CAGR of 12.8%.

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

The net profit of SUPREME INDUSTRIES stood at Rs 8,322 m in FY21, which was up 90.8% compared to Rs 4,362 m reported in FY20.

This compares to a net profit of Rs 4,343 m in FY19 and a net profit of Rs 3,971 m in FY18.

Over the past 5 years, SUPREME INDUSTRIES net profit has grown at a CAGR of 21.9%.

What does the cash flow statement of SUPREME INDUSTRIES 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 SUPREME INDUSTRIES reveals:

  • Cash flow from operations increased in FY21 and stood at Rs 12,464 m as compared to Rs 5,393 m in FY20.
  • Cash flow from investments decreased in FY21 and stood at Rs -2,006 m as compared to Rs -1,959 m in FY20.
  • Cash flow from financial activity decreased in FY21 and stood at Rs -5,055 m as compared to Rs -1,555 m in FY20.

Here's the cash flow statement of SUPREME INDUSTRIES for the past 5 years.

(Rs m)FY17FY18FY19FY20FY21
From Operations4,6505,0765,5575,39312,464
From Investments-2,022-2,669-2,396-1,959-2,006
From Financial Activity-2,104-2,838-3,160-1,555-5,055
Net Cashflow524-43111,8785,416

What does the Key Ratio analysis of SUPREME INDUSTRIES 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 SUPREME INDUSTRIES reveals:

  • Operating profit margins witnessed a fall and down at 20.2% in FY21 as against 15.1% in FY20.
  • Net profit margins grew from 7.9% in FY20 to 13.1% in FY21.
  • Debt to Equity ratio for FY21 stood at 0.0 as compared to 0.0 in FY20.

Here's the ratio/financial analysis of SUPREME INDUSTRIES for the past 5 years.

 FY17FY18FY19FY20FY21
Operating Profit Margin (%)19.416.315.215.120.2
Net Profit Margin (%)9.68.27.77.913.1
Debt to Equity Ratio (x)0.00.00.00.00.0

Read: Latest Annual Report Analysis of SUPREME INDUSTRIES

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