X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
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 VAL. Announces Quarterly Results (3QFY19); Net Profit Down 62.3% (Quarterly Result Update)

Feb 22, 2019 | Updated on Feb 22, 2019

For the quarter ended December 2018, TALWALKARS BETTER VAL. has posted a net profit of Rs 24 m (down 62.3% YoY). Sales on the other hand came in at Rs 227 m (down 58.7% YoY). Read on for a complete analysis of TALWALKARS BETTER VAL.'s quarterly results.

TALWALKARS BETTER VAL. Announces Quarterly Results (2QFY19); Net Profit Down 87.0% (Quarterly Result Update)

Nov 5, 2018 | Updated on Nov 5, 2018

For the quarter ended September 2018, TALWALKARS BETTER VAL. has posted a net profit of Rs 48 m (down 87.0% YoY). Sales on the other hand came in at Rs 182 m (down 81.2% YoY). Read on for a complete analysis of TALWALKARS BETTER VAL.'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

3 Indian Stocks with Amazon-Like Potential(Profit Hunter)

Apr 10, 2019

We have identified 3 stocks with huge wealth building potential which meet our 'Click of a Button' criteria.

This Company is Making a Big Comeback and You Can Now Profit from Its Example(The 5 Minute Wrapup)

Apr 10, 2019

How Dell got its mojo back.

This is Why the Stock of Jubilant FoodWorks Went Up 1,160%(The 5 Minute Wrapup)

Apr 12, 2019

This critical business strategy has enabled companies to scale their operations faster.

Pocketing Massive Gains with HDFC And HDFC Bank(Profit Hunter)

Apr 12, 2019

Here's how one could have generated gains of Rs 59,250 in 10 days by trading HDFC and HDFC Bank with a capital of Rs 4 lakh.

A Simple 3-Point Investing Manifesto for You the Indian Investor(The 5 Minute Wrapup)

Apr 11, 2019

A must have checklist for every investor in the Indian stock market.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
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 - NESCO COMPARISON

COMPARE TALWALKARS BETTER VALUE WITH

MARKET STATS