SUPREME INDUSTRIES 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?  

SUPREME INDUSTRIES 2020-21 Annual Report Analysis
Mon, 6 Sep

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



EV Stocks: A Hidden Way to Tap into the Massive 15x EV Opportunity

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 2,142.0, stands at 27.7 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 5.9 times, while the price to sales ratio stands at 2.9 times.
  • The company's price to cash flow (P/CF) ratio stood at 26.0 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 42.4 26.0
TTM P/E ratio x 27.7 27.7
Price / Book Value ratio x 6.2 5.9
Market Cap Rs m 272,092 272,092
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 1,379.9 to Rs 2,142.0, registering a gain of Rs 762.1 or around 55.2%.

Overall, the S&P BSE SENSEX is up 49.2% over the year.

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

Equitymaster requests your view! Post a comment on "SUPREME INDUSTRIES 2020-21 Annual Report Analysis". Click here!

  

Related Views on News

SUPREME INDUSTRIES Share Price Down by 5%; BSE 500 Index Down 0.2% (Market Updates)

Oct 21, 2021 | Updated on Oct 21, 2021

SUPREME INDUSTRIES share price is trading down by 5% and its current market price is Rs 2,422. The BSE 500 is down by 0.2%. The top gainers in the BSE 500 Index are SHOPPERS STOP (up 14.6%) and RAIL VIKAS NIGAM (up 8.0%). The top losers are SUPREME INDUSTRIES (down 5.2%) and MINDTREE (down 5.4%).

SUPREME INDUSTRIES Announces Quarterly Results (3QFY20); Net Profit Up 42.2% (Quarterly Result Update)

Jan 27, 2020 | Updated on Jan 27, 2020

For the quarter ended December 2019, SUPREME INDUSTRIES has posted a net profit of Rs 1 bn (up 42.2% YoY). Sales on the other hand came in at Rs 14 bn (down 2.6% YoY). Read on for a complete analysis of SUPREME INDUSTRIES's quarterly results.

SUPREME INDUSTRIES Announces Quarterly Results (2QFY20); Net Profit Up 22.7% (Quarterly Result Update)

Oct 29, 2019 | Updated on Oct 29, 2019

For the quarter ended September 2019, SUPREME INDUSTRIES has posted a net profit of Rs 1 bn (up 22.7% YoY). Sales on the other hand came in at Rs 13 bn (down 3.4% YoY). Read on for a complete analysis of SUPREME INDUSTRIES's quarterly results.

More Views on News

Most Popular

Is it Time to Switch from Tata Power to NTPC?(Profit Hunter)

Oct 11, 2021

Given the huge run up in Tata Power, does it make sense to switch to NTPC?

This Proxy EV Stock Just got a Power Crisis Boost(Profit Hunter)

Oct 8, 2021

After months of research, I've come across few stocks that excite me far more than the mainstream electric vehicle companies.

Rs 1 Lakh Invested in These Cryptos at the Start of 2021 Became Rs...(Views On News)

Oct 8, 2021

These cryptos would have multiplied investors' wealth by as much as 10,000% in just nine months.

Modi's Big Move Could Boost these 5 Defence Stocks(Views On News)

Oct 11, 2021

To corporatise the defence sector, the Ministry of Defence (MoD) has dissolved the 250-year-old Ordnance Factory Board (OFB).

5 Green Energy Stocks to Watch as India Readies for a Revolution(Views On News)

Oct 13, 2021

The excitement around green energy stocks has opened up a huge contrarian opportunity in the traditional energy space.

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 SUPREME INDUSTRIES

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

MORE ON SUPREME INDUSTRIES

SUPREME INDUSTRIES - GOPALA POLY. COMPARISON

COMPARE SUPREME INDUSTRIES WITH

MARKET STATS