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?  

War Profits
Revealing a Potential 33x
Opportunity in Defence




**Important: We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
**By submitting your email address, you also sign up for Profit Hunter, a Free-for-life newsletter from Equitymaster,
which offers the most profitable investing ideas in India.


AD

TAKE SOLUTIONS 2018-19 Annual Report Analysis
Sun, 31 Mar

TAKE SOLUTIONS has announced its results for the year ended March 2019. Let us have a look at the detailed performance review of the company during FY18-19.

TAKE SOLUTIONS Income Statement Analysis

  • Operating income during the year rose 28.5% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 25.1% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 18.8% in FY19 as against 19.3% in FY18.
  • Depreciation charges increased by 47.4% and finance costs increased by 20.5% YoY, respectively.
  • Other income grew by 67.7% YoY.
  • Net profit for the year grew by 11.6% YoY.
  • Net profit margins during the year declined from 10.1% in FY18 to 8.7% in FY19.

TAKE SOLUTIONS Income Statement 2018-19

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Net Sales Rs m 15,872 20,390 28.5%
Other income Rs m 64 107 67.7%
Total Revenues Rs m 15,937 20,497 28.6%
Gross profit Rs m 3,065 3,835 25.1%
Depreciation Rs m 1,041 1,535 47.4%
Interest Rs m 208 250 20.5%
Profit before tax Rs m 1,880 2,157 14.7%
Tax Rs m 281 373 32.6%
Profit after tax Rs m 1,599 1,784 11.6%
Gross profit margin % 19.3 18.8
Effective tax rate % 15.0 17.3
Net profit margin % 10.1 8.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Enclosed: Invitation to Access Our Latest Research Project

TAKE SOLUTIONS Balance Sheet Analysis

  • The company's current liabilities during FY19 stood at Rs 7 billion as compared to Rs 4 billion in FY18, thereby witnessing an increase of 74.5%.
  • Long-term debt down at Rs 389 million as compared to Rs 545 million during FY18, a fall of 28.7%.
  • Current assets fell 0% and stood at Rs 12 billion, while fixed assets rose 75% and stood at Rs 12 billion in FY19.
  • Overall, the total assets and liabilities for FY19 stood at Rs 23 billion as against Rs 18 billion during FY18, thereby witnessing a growth of 27%.

TAKE SOLUTIONS Balance Sheet as on March 2019

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Networth Rs m 13,207 15,089 14.2
 
Current Liabilities Rs m 4,147 7,237 74.5
Long-term Debt Rs m 545 389 -28.7
Total Liabilities Rs m 18,402 23,311 26.7
 
Current assets Rs m 11,777 11,719 -0.5
Fixed Assets Rs m 6,625 11,592 75.0
Total Assets Rs m 18,402 23,311 26.7
* 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 FY19 stood at Rs 1 billion on a YoY basis.
  • Cash flow from investing activities (CFI) during FY19 stood at Rs -5 billion, an improvement of 171.1% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY19 stood at Rs 999 million on a YoY basis.
  • Overall, net cash flows for the company during FY19 stood at Rs -3 billion from the Rs 2 billion net cash flows seen during FY18.

TAKE SOLUTIONS Cash Flow Statement 2018-19

Particulars No. of months 12 12 % Change
Year Ending Mar-18 Mar-19
Cash Flow from Operating Activities Rs m 1,209 1,036 -14.3%
Cash Flow from Investing Activities Rs m -1,788 -4,847 -
Cash Flow from Financing Activities Rs m 3,015 999 -66.9%
Net Cash Flow Rs m 2,434 -2,704 -
* 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 12.2, an improvement from the EPS of Rs 11.0 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 149.8, stands at 12.4 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 1.5 times, while the price to sales ratio stands at 1.1 times.
  • The company's price to cash flow (P/CF) ratio stood at 8.9 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-18* 12 Mar-19*
Sales per share (Unadj.) Rs 108.8 139.5
TTM Earnings per share Rs 11.0 12.2
Diluted earnings per share Rs 10.8 12.1
Price to Cash Flow x 9.2 8.9
TTM P/E ratio x 15.1 12.4
Price / Book Value ratio x 1.7 2.0
Market Cap Rs m 22,036 29,615
Dividends per share (Unadj.) Rs 1.6 1.0
* 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 deteriorated and stood at 1.6x during FY19, from 2.8x during FY18. 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 9.6x during FY19, from 10.1x during FY18. 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 11.8% during FY19, from 12.1% during FY19. 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 15.6% during FY19, from 15.2% during FY18. 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 8.7% during FY19, from 9.8% during FY18. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-18* 12 Mar-19*
Current ratio x 2.8 1.6
Debtors’ Days Days 108 94
Interest coverage x 10.1 9.6
Debt to equity ratio x 0.0 0.0
Return on assets % 9.8 8.7
Return on equity % 12.1 11.8
Return on capital employed % 15.2 15.6
* 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 down from Rs 163.5 to Rs 149.8, registering a loss of Rs 13.7 or around 8.4%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,280.3 (up 0.4%). Over the last one year it has moved up from 12,100.6 to 15,280.3, a gain of 3,180 points (up 26.3%).

Overall, the S&P BSE SENSEX is up 16.3% 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 26.9 per share. You can check out the latest share price performance of TAKE SOLUTIONS here...

What was the revenue of TAKE SOLUTIONS in FY19? How does it compare to earlier years?

The revenues of TAKE SOLUTIONS stood at Rs 20,497 m in FY19, which was up 28.6% compared to Rs 15,937 m reported in FY18.

TAKE SOLUTIONS' revenue has grown from Rs 7,387 m in FY15 to Rs 20,497 m in FY19.

Over the past 5 years, the revenue of TAKE SOLUTIONS has grown at a CAGR of 29.1%.

What was the net profit of TAKE SOLUTIONS in FY19? How does it compare to earlier years?

The net profit of TAKE SOLUTIONS stood at Rs 1,784 m in FY19, which was up 11.6% compared to Rs 1,599 m reported in FY18.

This compares to a net profit of Rs 1,462 m in FY17 and a net profit of Rs 1,249 m in FY16.

Over the past 5 years, TAKE SOLUTIONS net profit has grown at a CAGR of 22.2%.

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 decreased in FY19 and stood at Rs 1,036 m as compared to Rs 1,209 m in FY18.
  • Cash flow from investments decreased in FY19 and stood at Rs -4,847 m as compared to Rs -1,788 m in FY18.
  • Cash flow from financial activity decreased in FY19 and stood at Rs 999 m as compared to Rs 3,015 m in FY18.

Here's the cash flow statement of TAKE SOLUTIONS for the past 5 years.

(Rs m)FY15FY16FY17FY18FY19
From Operations7411,4815591,2091,036
From Investments-165-2,574-1,291-1,788-4,847
From Financial Activity-1141,1385593,015999
Net Cashflow491-303-1802,434-2,704

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 18.8% in FY19 as against 19.3% in FY18.
  • Net profit margins declined from 10.1% in FY18 to 8.7% in FY19.
  • Debt to Equity ratio for FY19 stood at 0.0 as compared to 0.0 in FY18.

Here's the ratio/financial analysis of TAKE SOLUTIONS for the past 5 years.

 FY15FY16FY17FY18FY19
Operating Profit Margin (%)15.115.919.519.318.8
Net Profit Margin (%)10.912.110.910.18.7
Debt to Equity Ratio (x)0.00.10.10.00.0

Equitymaster requests your view! Post a comment on "TAKE SOLUTIONS 2018-19 Annual Report Analysis". Click here!