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TAKE SOLUTIONS 2017-18 Annual Report Analysis
Sat, 31 Mar

TAKE SOLUTIONS has announced its results for the year ended March 2018. Let us have a look at the detailed performance review of the company during FY17-18.

TAKE SOLUTIONS Income Statement Analysis

  • Operating income during the year rose 18.0% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 16.9% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 19.3% in FY18 as against 19.5% in FY17.
  • Depreciation charges increased by 19.1% and finance costs decreased by 8.2% YoY, respectively.
  • Other income declined by 50.2% YoY.
  • Net profit for the year grew by 9.4% YoY.
  • Net profit margins during the year declined from 10.9% in FY17 to 10.1% in FY18.

TAKE SOLUTIONS Income Statement 2017-18

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Net Sales Rs m 13,446 15,872 18.0%
Other income Rs m 129 64 -50.2%
Total Revenues Rs m 13,574 15,937 17.4%
Gross profit Rs m 2,622 3,065 16.9%
Depreciation Rs m 874 1,041 19.1%
Interest Rs m 226 208 -8.2%
Profit before tax Rs m 1,650 1,880 13.9%
Tax Rs m 189 281 49.0%
Profit after tax Rs m 1,462 1,599 9.4%
Gross profit margin % 19.5 19.3
Effective tax rate % 11.4 15.0
Net profit margin % 10.9 10.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

TAKE SOLUTIONS Balance Sheet Analysis

  • The company's current liabilities during FY18 stood at Rs 4 billion as compared to Rs 3 billion in FY17, thereby witnessing an increase of 23.6%.
  • Long-term debt stood at Rs 545 million as compared to Rs 488 million during FY17, a growth of 11.8%.
  • Current assets rose 51% and stood at Rs 12 billion, while fixed assets rose 12% and stood at Rs 7 billion in FY18.
  • Overall, the total assets and liabilities for FY18 stood at Rs 18 billion as against Rs 14 billion during FY17, thereby witnessing a growth of 34%.

TAKE SOLUTIONS Balance Sheet as on March 2018

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Networth Rs m 9,034 13,207 46.2
 
Current Liabilities Rs m 3,355 4,147 23.6
Long-term Debt Rs m 488 545 11.8
Total Liabilities Rs m 13,693 18,402 34.4
 
Current assets Rs m 7,791 11,777 51.2
Fixed Assets Rs m 5,902 6,625 12.2
Total Assets Rs m 13,693 18,402 34.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



TAKE SOLUTIONS Cash Flow Statement Analysis

  • TAKE SOLUTIONS's cash flow from operating activities (CFO) during FY18 stood at Rs 1 billion, an improvement of 116.2% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY18 stood at Rs -2 billion, an improvement of 38.5% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY18 stood at Rs 3 billion, an improvement of 440% on a YoY basis.
  • Overall, net cash flows for the company during FY18 stood at Rs 2 billion from the Rs -180 million net cash flows seen during FY17.

TAKE SOLUTIONS Cash Flow Statement 2017-18

Particulars No. of months 12 12 % Change
Year Ending Mar-17 Mar-18
Cash Flow from Operating Activities Rs m 559 1,209 116.2%
Cash Flow from Investing Activities Rs m -1,291 -1,788 -
Cash Flow from Financing Activities Rs m 559 3,015 439.6%
Net Cash Flow Rs m -180 2,434 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for TAKE SOLUTIONS

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 11.0, an decline from the EPS of Rs 11.2 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 163.5, stands at 15.1 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 1.8 times, while the price to sales ratio stands at 1.5 times.
  • The company's price to cash flow (P/CF) ratio stood at 8.3 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-17* 12 Mar-18*
Sales per share (Unadj.) Rs 102.6 108.8
TTM Earnings per share Rs 11.2 11.0
Diluted earnings per share Rs 9.9 10.8
Price to Cash Flow x 8.0 8.3
TTM P/E ratio x 14.3 15.1
Price / Book Value ratio x 2.3 1.7
Market Cap Rs m 20,390 22,036
Dividends per share (Unadj.) Rs 1.0 1.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for TAKE SOLUTIONS

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 2.8x during FY18, from 2.3x during FY17. 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 10.1x during FY18, from 8.3x during FY17. 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 declined and down at 12.1% during FY18, from 16.2% during FY18. 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 declined and down at 15.2% during FY18, from 19.7% during FY17. 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 9.8% during FY18, from 12.3% during FY17. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-17* 12 Mar-18*
Current ratio x 2.3 2.8
Debtors’ Days Days 118 108
Interest coverage x 8.3 10.1
Debt to equity ratio x 0.1 0.0
Return on assets % 12.3 9.8
Return on equity % 16.2 12.1
Return on capital employed % 19.7 15.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how TAKE SOLUTIONS has performed over the last 5 years, please visit here.

TAKE SOLUTIONS Share Price Performance

Over the last one year, TAKE SOLUTIONS share price has moved up from Rs 126.7 to Rs 163.5, registering a gain of Rs 36.8 or around 29.1%.

Meanwhile, the S&P BSE IT Index is trading at Rs 12,100.6 (down 0.3%). Over the last one year it has moved up from 10,365.5 to 12,100.6, a gain of 1,735 points (up 16.7%).

Overall, the S&P BSE SENSEX is up 12.1% over the year.

(To know more, check out historical annual results for TAKE SOLUTIONS and quarterly results for TAKE SOLUTIONS)

Annual Report FAQs

What is the current share price of TAKE SOLUTIONS?

TAKE SOLUTIONS currently trades at Rs 20.7 per share. You can check out the latest share price performance of TAKE SOLUTIONS here...

What was the revenue of TAKE SOLUTIONS in FY18? How does it compare to earlier years?

The revenues of TAKE SOLUTIONS stood at Rs 15,937 m in FY18, which was up 17.4% compared to Rs 13,574 m reported in FY17.

TAKE SOLUTIONS' revenue has grown from Rs 8,386 m in FY13 to Rs 15,937 m in FY18.

Over the past 6 years, the revenue of TAKE SOLUTIONS has grown at a CAGR of 13.7%.

What was the net profit of TAKE SOLUTIONS in FY18? How does it compare to earlier years?

The net profit of TAKE SOLUTIONS stood at Rs 1,599 m in FY18, which was up 9.4% compared to Rs 1,462 m reported in FY17.

This compares to a net profit of Rs 1,249 m in FY16 and a net profit of Rs 799 m in FY15.

Over the past 6 years, TAKE SOLUTIONS net profit has grown at a CAGR of 12.4%.

What does the cash flow statement of TAKE SOLUTIONS 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 TAKE SOLUTIONS reveals:

  • Cash flow from operations increased in FY18 and stood at Rs 1,209 m as compared to Rs 559 m in FY17.
  • Cash flow from investments decreased in FY18 and stood at Rs -1,788 m as compared to Rs -1,291 m in FY17.
  • Cash flow from financial activity increased in FY18 and stood at Rs 3,015 m as compared to Rs 559 m in FY17.

Here's the cash flow statement of TAKE SOLUTIONS for the past 6 years.

(Rs m)FY13FY15FY16FY17FY18
From Operations1,1667411,4815591,209
From Investments-699-165-2,574-1,291-1,788
From Financial Activity-308-1141,1385593,015
Net Cashflow159491-303-1802,434

What does the Key Ratio analysis of TAKE SOLUTIONS 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 TAKE SOLUTIONS reveals:

  • Operating profit margins witnessed a fall and stood at 19.3% in FY18 as against 19.5% in FY17.
  • Net profit margins declined from 10.9% in FY17 to 10.1% in FY18.
  • Debt to Equity ratio for FY18 stood at 0.0 as compared to 0.1 in FY17.

Here's the ratio/financial analysis of TAKE SOLUTIONS for the past 6 years.

 FY13FY15FY16FY17FY18
Operating Profit Margin (%)19.415.115.919.519.3
Net Profit Margin (%)10.710.912.110.910.1
Debt to Equity Ratio (x)0.20.00.10.10.0

Read: Latest Annual Report Analysis of TAKE SOLUTIONS

 

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