SWARAJ ENGINES has announced its results for the year ended March 2022. Let us have a look at the detailed performance review of the company during FY21-22.
No. of Mths Year Ending | 12 Mar-21* | 12 Mar-22* | % Change | |
---|---|---|---|---|
Net Sales | Rs m | 9,866 | 11,382 | 15.4% |
Other income | Rs m | 86 | 97 | 12.0% |
Total Revenues | Rs m | 9,952 | 11,478 | 15.3% |
Gross profit | Rs m | 1,356 | 1,554 | 14.6% |
Depreciation | Rs m | 198 | 181 | -8.4% |
Interest | Rs m | 0 | 1 | 2,433.3% |
Profit before tax | Rs m | 1,245 | 1,469 | 18.0% |
Tax | Rs m | 319 | 374 | 17.1% |
Profit after tax | Rs m | 925 | 1,095 | 18.3% |
Gross profit margin | % | 13.7 | 13.7 | |
Effective tax rate | % | 25.7 | 25.5 | |
Net profit margin | % | 9.4 | 9.6 |
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No. of Mths Year Ending | 12 Mar-21* | 12 Mar-22* | % Change | |
---|---|---|---|---|
Networth | Rs m | 2,800 | 3,055 | 9.1 |
Current Liabilities | Rs m | 1,715 | 1,501 | -12.5 |
Long-term Debt | Rs m | 0 | 0 | 0.0 |
Total Liabilities | Rs m | 4,584 | 4,614 | 0.7 |
Current assets | Rs m | 3,594 | 3,280 | -8.7 |
Fixed Assets | Rs m | 990 | 1,334 | 34.8 |
Total Assets | Rs m | 4,584 | 4,614 | 0.7 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Mar-21 | Mar-22 | ||
Cash Flow from Operating Activities | Rs m | 280 | 1,034 | 269.4% |
Cash Flow from Investing Activities | Rs m | 563 | -514 | - |
Cash Flow from Financing Activities | Rs m | -487 | -840 | - |
Net Cash Flow | Rs m | 355 | -320 | - |
No. of Mths Year Ending | 12 Mar-21* | 12 Mar-22* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 812.7 | 937.5 |
TTM Earnings per share | Rs | 76.2 | 90.2 |
Diluted earnings per share | Rs | 76.2 | 90.1 |
Price to Cash Flow | x | 14.2 | 15.6 |
TTM P/E ratio | x | 17.2 | 16.4 |
Price / Book Value ratio | x | 5.6 | 6.5 |
Market Cap | Rs m | 15,726 | 19,897 |
Dividends per share (Unadj.) | Rs | 69.0 | 80.0 |
Current Ratio: The company's current ratio improved and stood at 2.2x during FY22, from 2.1x during FY21. 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 1,933.4x during FY22, from 41,495.0x during FY21. 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.
Return on Equity (ROE): The ROE for the company improved and stood at 35.8% during FY22, from 33.1% during FY22. 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 48.1% during FY22, from 44.5% during FY21. 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 23.7% during FY22, from 20.2% during FY21. The ROA measures how efficiently the company uses its assets to generate earnings.
No. of Mths Year Ending | 12 Mar-21* | 12 Mar-22* | |
---|---|---|---|
Current ratio | x | 2.1 | 2.2 |
Debtors’ Days | Days | 419 | 332 |
Interest coverage | x | 41,495.0 | 1,933.4 |
Debt to equity ratio | x | 0.0 | 0.0 |
Return on assets | % | 20.2 | 23.7 |
Return on equity | % | 33.1 | 35.8 |
Return on capital employed | % | 44.5 | 48.1 |
To see how SWARAJ ENGINES has performed over the last 5 years, please visit here.
Over the last one year, SWARAJ ENGINES share price has moved down from Rs 1,852.7 to Rs 1,474.7, registering a loss of Rs 378.0 or around 20.4%.
Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 25,877.7 (down 0.6%). Over the last one year it has moved up from 22,858.3 to 25,877.7, a gain of 3,019 points (up 13.2%).
Overall, the S&P BSE SENSEX is up 0.1% over the year.
(To know more, check out historical annual results for SWARAJ ENGINES and quarterly results for SWARAJ ENGINES)
SWARAJ ENGINES currently trades at Rs 2,448.4 per share. You can check out the latest share price performance of SWARAJ ENGINES here...
The revenues of SWARAJ ENGINES stood at Rs 11,478 m in FY22, which was up 15.3% compared to Rs 9,952 m reported in FY21.
SWARAJ ENGINES' revenue has grown from Rs 7,659 m in FY18 to Rs 11,478 m in FY22.
Over the past 5 years, the revenue of SWARAJ ENGINES has grown at a CAGR of 10.6%.
The net profit of SWARAJ ENGINES stood at Rs 1,095 m in FY22, which was up 18.3% compared to Rs 925 m reported in FY21.
This compares to a net profit of Rs 710 m in FY20 and a net profit of Rs 824 m in FY19.
Over the past 5 years, SWARAJ ENGINES net profit has grown at a CAGR of 8.1%.
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 SWARAJ ENGINES reveals:
Here's the cash flow statement of SWARAJ ENGINES for the past 5 years.
(Rs m) | FY18 | FY19 | FY20 | FY21 | FY22 |
---|---|---|---|---|---|
From Operations | 893 | 688 | 996 | 280 | 1,034 |
From Investments | 475 | 38 | -269 | 563 | -514 |
From Financial Activity | -1,357 | -729 | -731 | -487 | -840 |
Net Cashflow | 11 | -3 | -5 | 355 | -320 |
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 SWARAJ ENGINES reveals:
Here's the ratio/financial analysis of SWARAJ ENGINES for the past 5 years.
FY18 | FY19 | FY20 | FY21 | FY22 | |
---|---|---|---|---|---|
Operating Profit Margin (%) | 16.3 | 15.1 | 13.0 | 13.7 | 13.7 |
Net Profit Margin (%) | 10.7 | 9.5 | 9.2 | 9.4 | 9.6 |
Debt to Equity Ratio (x) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Read: Latest Annual Report Analysis of SWARAJ ENGINES
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