TALWALKARS BETTER VAL. 2017-18 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?  

TALWALKARS BETTER VAL. 2017-18 Annual Report Analysis
Thu, 20 Dec

TALWALKARS BETTER VAL. 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.

TALWALKARS BETTER VAL. Income Statement Analysis

  • Operating income during the year rose 16.6% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 25.2% YoY during the fiscal. Operating profit margins witnessed a fall and down at 67.0% in FY18 as against 62.4% in FY17.
  • Depreciation charges increased by 41.6% and finance costs increased by 31.5% YoY, respectively.
  • Other income grew by 65.5% YoY.
  • Net profit for the year grew by 43.2% YoY.
  • Net profit margins during the year grew from 12.3% in FY17 to 15.1% in FY18.

TALWALKARS BETTER VAL. Income Statement 2017-18

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Net Sales Rs m 494 575 16.6%
Other income Rs m 3 6 65.5%
Total Revenues Rs m 497 581 16.9%
Gross profit Rs m 308 385 25.2%
Depreciation Rs m 126 179 41.6%
Interest Rs m 79 103 31.5%
Profit before tax Rs m 107 109 2.4%
Tax Rs m 45 21 -52.7%
Profit after tax Rs m 61 88 43.2%
Gross profit margin % 62.4 67.0
Effective tax rate % 42.5 19.6
Net profit margin % 12.3 15.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



TALWALKARS BETTER VAL. Balance Sheet Analysis

  • The company's current liabilities during FY18 down at Rs 133 million as compared to Rs 286 million in FY17, thereby witnessing an decrease of -53.4%.
  • Long-term debt stood at Rs 2 billion as compared to Rs 1 billion during FY17, a growth of 69.5%.
  • Current assets rose 103% and stood at Rs 792 million, while fixed assets rose 9% and stood at Rs 3 billion in FY18.
  • Overall, the total assets and liabilities for FY18 stood at Rs 5 billion as against Rs 4 billion during FY17, thereby witnessing a growth of 19%.

TALWALKARS BETTER VAL. Balance Sheet as on March 2018

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Networth Rs m 1,987 2,073 4.4
 
Current Liabilities Rs m 286 133 -53.4
Long-term Debt Rs m 1,139 1,931 69.5
Total Liabilities Rs m 3,789 4,503 18.9
 
Current assets Rs m 391 792 102.8
Fixed Assets Rs m 3,075 3,366 9.5
Total Assets Rs m 3,789 4,503 18.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



TALWALKARS BETTER VAL. Cash Flow Statement Analysis

  • TALWALKARS BETTER VAL.'s cash flow from operating activities (CFO) during FY18 stood at Rs 482 million, an improvement of 25.2% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY18 stood at Rs -491 million, an improvement of 38.8% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY18 stood at Rs 470 million, an improvement of 292% on a YoY basis.
  • Overall, net cash flows for the company during FY18 stood at Rs 461 million from the Rs -212 million net cash flows seen during FY17.

TALWALKARS BETTER VAL. 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 385 482 25.2%
Cash Flow from Investing Activities Rs m -354 -491 -
Cash Flow from Financing Activities Rs m -244 470 -
Net Cash Flow Rs m -212 461 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for TALWALKARS BETTER VAL.

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 2.8, an improvement from the EPS of Rs 2.1 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 50.5, stands at 8.1 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 4.0 times, while the price to sales ratio stands at 14.3 times.
  • The company's price to cash flow (P/CF) ratio stood at 5.0 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 16.6 18.6
TTM Earnings per share Rs 2.1 2.8
Diluted earnings per share Rs 2.3 3.3
Price to Cash Flow x 8.0 5.0
TTM P/E ratio x 9.2 8.1
Price / Book Value ratio x 3.7 4.0
Market Cap Rs m 1,498 1,321
Dividends per share (Unadj.) Rs 1.5 0.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for TALWALKARS BETTER VAL.

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 5.9x during FY18, from 1.4x 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 deteriorated and stood at 2.1x during FY18, from 2.4x 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 improved and stood at 4.2% during FY18, from 3.1% 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 5.3% during FY18, from 5.9% 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 improved and stood at 4.2% during FY18, from 3.7% 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 1.4 5.9
Debtors’ Days Days 127 47
Interest coverage x 2.4 2.1
Debt to equity ratio x 0.6 0.9
Return on assets % 3.7 4.2
Return on equity % 3.1 4.2
Return on capital employed % 5.9 5.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



To see how TALWALKARS BETTER VAL. has performed over the last 5 years, please visit here.

TALWALKARS BETTER VAL. Share Price Performance

Over the last one year, TALWALKARS BETTER VAL. share price has moved up from Rs 315.9 to Rs 50.5, registering a loss of Rs 265.5 or around 84.0%.

Overall, the S&P BSE SENSEX is up 7.4% over the year.

(To know more, check out historical annual results for TALWALKARS BETTER VAL. and quarterly results for TALWALKARS BETTER VAL.)

Equitymaster requests your view! Post a comment on "TALWALKARS BETTER VAL. 2017-18 Annual Report Analysis". Click here!

  

Related Views on News

TALWALKARS BETTER VALUE Announces Quarterly Results (1QFY20); Net Profit Down 1848.4% (Quarterly Result Update)

Aug 20, 2019 | Updated on Aug 20, 2019

For the quarter ended June 2019, TALWALKARS BETTER VALUE has posted a net profit of Rs 168 m (down 1848.4% YoY). Sales on the other hand came in at Rs 32 m (down 73.3% YoY). Read on for a complete analysis of TALWALKARS BETTER VALUE's quarterly results.

TALWALKARS BETTER VALUE Announces Quarterly Results (4QFY19); Net Profit Up 51.2% (Quarterly Result Update)

Jun 7, 2019 | Updated on Jun 7, 2019

For the quarter ended March 2019, TALWALKARS BETTER VALUE has posted a net profit of Rs 65 m (up 51.2% YoY). Sales on the other hand came in at Rs 463 m (up 138.7% YoY). Read on for a complete analysis of TALWALKARS BETTER VALUE's quarterly results.

MSTC IPO: Should You Bet on This State-Run E-Commerce Player? (IPO)

Mar 13, 2019

Should you subscribe to the IPO of MSPC Limited?

Hindustan Aeronautics IPO: Yet Another Play on India's Defence Sector (IPO)

Mar 14, 2018

Should you apply for the IPO of state-run military aircraft maker Hindustan Aeronautics?

Bharat Dynamics IPO: Worth Betting on Defence Manufacturing? (IPO)

Mar 12, 2018

Should you apply for the IPO of Bharat Dynamics, India's first state-owned missile manufacturer?

More Views on News

Most Popular

Could this Smallcap Be the Next Page Industries?(Profit Hunter)

Nov 27, 2019

A single stock - Coca Cola, made Buffett billions. Here's your chance to break into the crorepati club with a single smallcap stock investment.

How We Made 12.68% in One Overnight Trade(The 5 Minute Wrapup)

Nov 25, 2019

This one trade had my subscribers laughing all the way to the bank.

Growth Stocks or Value Stocks... What Will Make You More Money in this Bull Market?(Profit Hunter)

Nov 28, 2019

Should you invest in growth stocks or value stocks to make strong returns in this market?

Two Trends to Look at as Sensex Crosses 41,000 Levels(Views On News)

Nov 26, 2019

The two trends that are playing out as Sensex touches new record high.

The Best Trading Strategy for Fast Profits

Nov 29, 2019

Vijay and I have decided to team up and bring you a unique offering never seen before in the Indian stock markets.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

TRACK TALWALKARS BETTER VALUE

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

MORE ON TALWALKARS BETTER VALUE

TALWALKARS BETTER VALUE 8-QTR ANALYSIS

COMPARE TALWALKARS BETTER VALUE WITH

MARKET STATS