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TTK PRESTIGE 2018-19 Annual Report Analysis
Sun, 31 Mar

TTK PRESTIGE 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.

TTK PRESTIGE Income Statement Analysis

  • Operating income during the year rose 13.0% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 22.0% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 14.0% in FY19 as against 20.4% in FY18.
  • Depreciation charges increased by 3.3% and finance costs increased by 15.0% YoY, respectively.
  • Other income grew by 103.1% YoY.
  • Net profit for the year declined by 27.0% YoY.
  • Net profit margins during the year declined from 14.1% in FY18 to 9.1% in FY19.

TTK PRESTIGE Income Statement 2018-19

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Net Sales Rs m 18,649 21,069 13.0%
Other income Rs m 124 252 103.1%
Total Revenues Rs m 18,773 21,322 13.6%
Gross profit Rs m 3,797 2,960 -22.0%
Depreciation Rs m 256 265 3.3%
Interest Rs m 74 85 15.0%
Profit before tax Rs m 3,591 2,863 -20.3%
Tax Rs m 956 940 -1.8%
Profit after tax Rs m 2,635 1,924 -27.0%
Gross profit margin % 20.4 14.0
Effective tax rate % 26.6 32.8
Net profit margin % 14.1 9.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

TTK PRESTIGE Balance Sheet Analysis

  • The company's current liabilities during FY19 down at Rs 4 billion as compared to Rs 4 billion in FY18, thereby witnessing an decrease of -6.4%.
  • Long-term debt down at Rs 543 million as compared to Rs 923 million during FY18, a fall of 41.2%.
  • Current assets rose 2% and stood at Rs 11 billion, while fixed assets rose 11% and stood at Rs 6 billion in FY19.
  • Overall, the total assets and liabilities for FY19 stood at Rs 17 billion as against Rs 16 billion during FY18, thereby witnessing a growth of 5%.

TTK PRESTIGE Balance Sheet as on March 2019

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Networth Rs m 10,197 11,663 14.4
 
Current Liabilities Rs m 4,103 3,840 -6.4
Long-term Debt Rs m 923 543 -41.2
Total Liabilities Rs m 15,693 16,519 5.3
 
Current assets Rs m 10,473 10,715 2.3
Fixed Assets Rs m 5,220 5,804 11.2
Total Assets Rs m 15,693 16,519 5.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



TTK PRESTIGE Cash Flow Statement Analysis

  • TTK PRESTIGE's cash flow from operating activities (CFO) during FY19 stood at Rs 940 million on a YoY basis.
  • Cash flow from investing activities (CFI) during FY19 stood at Rs -2 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY19 stood at Rs -843 million, an improvement of 25% on a YoY basis.
  • Overall, net cash flows for the company during FY19 stood at Rs 95 million from the Rs 110 million net cash flows seen during FY18.

TTK PRESTIGE 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 1,268 940 -25.9%
Cash Flow from Investing Activities Rs m -31 -2 -
Cash Flow from Financing Activities Rs m -1,127 -843 -
Net Cash Flow Rs m 110 95 -13.7%
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for TTK PRESTIGE

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 166.5, an decline from the EPS of Rs 228.1 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 8,696.1, stands at 698.2 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 103.4 times, while the price to sales ratio stands at 4.8 times.
  • The company's price to cash flow (P/CF) ratio stood at 39.0 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 1,614.6 1,824.2
TTM Earnings per share Rs 228.1 166.5
Diluted earnings per share Rs 19.0 13.9
Price to Cash Flow x 296.8 39.0
TTM P/E ratio x 325.7 698.2
Price / Book Value ratio x 8.4 7.3
Market Cap Rs m 85,314 85,421
Dividends per share (Unadj.) Rs 3.0 3.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for TTK PRESTIGE

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 2.8x during FY19, from 2.6x 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 34.7x during FY19, from 49.7x 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 16.5% during FY19, from 25.8% 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 declined and down at 24.2% during FY19, from 33.0% 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 12.2% during FY19, from 17.3% 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 2.6 2.8
Debtors’ Days Days 5 5
Interest coverage x 49.7 34.7
Debt to equity ratio x 0.1 0.0
Return on assets % 17.3 12.2
Return on equity % 25.8 16.5
Return on capital employed % 33.0 24.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how TTK PRESTIGE has performed over the last 5 years, please visit here.

TTK PRESTIGE Share Price Performance

Over the last one year, TTK PRESTIGE share price has moved up from Rs 6,190.7 to Rs 8,696.1, registering a gain of Rs 2,505.4 or around 40.5%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 23,856.7 (up 0.7%). Over the last one year it has moved up from 22,261.9 to 23,856.7, a gain of 1,595 points (up 7.2%).

Overall, the S&P BSE SENSEX is up 16.3% over the year.

(To know more, check out historical annual results for TTK PRESTIGE and quarterly results for TTK PRESTIGE)

Annual Report FAQs

What is the current share price of TTK PRESTIGE?

TTK PRESTIGE currently trades at Rs 670.9 per share. You can check out the latest share price performance of TTK PRESTIGE here...

What was the revenue of TTK PRESTIGE in FY19? How does it compare to earlier years?

The revenues of TTK PRESTIGE stood at Rs 21,322 m in FY19, which was up 13.6% compared to Rs 18,773 m reported in FY18.

TTK PRESTIGE's revenue has grown from Rs 13,603 m in FY15 to Rs 21,322 m in FY19.

Over the past 5 years, the revenue of TTK PRESTIGE has grown at a CAGR of 11.9%.

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

The net profit of TTK PRESTIGE stood at Rs 1,924 m in FY19, which was down -27.0% compared to Rs 2,635 m reported in FY18.

This compares to a net profit of Rs 1,507 m in FY17 and a net profit of Rs 1,156 m in FY16.

Over the past 5 years, TTK PRESTIGE net profit has grown at a CAGR of 20.1%.

What does the cash flow statement of TTK PRESTIGE 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 TTK PRESTIGE reveals:

  • Cash flow from operations decreased in FY19 and stood at Rs 940 m as compared to Rs 1,268 m in FY18.
  • Cash flow from investments increased in FY19 and stood at Rs -2 m as compared to Rs -31 m in FY18.
  • Cash flow from financial activity increased in FY19 and stood at Rs -843 m as compared to Rs -1,127 m in FY18.

Here's the cash flow statement of TTK PRESTIGE for the past 5 years.

(Rs m)FY15FY16FY17FY18FY19
From Operations6757819411,268940
From Investments-125-59-1,686-31-2
From Financial Activity-586-7051,057-1,127-843
Net Cashflow-371731311095

What does the Key Ratio analysis of TTK PRESTIGE 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 TTK PRESTIGE reveals:

  • Operating profit margins witnessed a fall and stood at 14.0% in FY19 as against 20.4% in FY18.
  • Net profit margins declined from 14.1% in FY18 to 9.1% in FY19.
  • Debt to Equity ratio for FY19 stood at 0.0 as compared to 0.1 in FY18.

Here's the ratio/financial analysis of TTK PRESTIGE for the past 5 years.

 FY15FY16FY17FY18FY19
Operating Profit Margin (%)11.412.312.520.414.0
Net Profit Margin (%)6.87.88.814.19.1
Debt to Equity Ratio (x)0.00.00.10.10.0

Read: Latest Annual Report Analysis of TTK PRESTIGE

 

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