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TTK PRESTIGE 2021-22 Annual Report Analysis
Wed, 6 Jul

TTK PRESTIGE has announced its results for the year ended March 2022. Let us have a look at the detailed performance review of the company during FY21-22.

TTK PRESTIGE Income Statement Analysis

  • Operating income during the year rose 24.1% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 25.5% YoY during the fiscal. Operating profit margins witnessed a fall and down at 15.7% in FY22 as against 15.5% in FY21.
  • Depreciation charges increased by 10.5% and finance costs increased by 17.6% YoY, respectively.
  • Other income grew by 22.1% YoY.
  • Net profit for the year grew by 25.7% YoY.
  • Net profit margins during the year grew from 11.1% in FY21 to 11.2% in FY22.

TTK PRESTIGE Income Statement 2021-22

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Net Sales Rs m 21,942 27,225 24.1%
Other income Rs m 287 351 22.1%
Total Revenues Rs m 22,229 27,575 24.0%
Gross profit Rs m 3,399 4,265 25.5%
Depreciation Rs m 400 442 10.5%
Interest Rs m 58 68 17.6%
Profit before tax Rs m 3,229 4,106 27.2%
Tax Rs m 800 1,052 31.5%
Profit after tax Rs m 2,429 3,054 25.7%
Gross profit margin % 15.5 15.7
Effective tax rate % 24.8 25.6
Net profit margin % 11.1 11.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Read Now: We're Bullish on 2 Non-Nifty Stocks

TTK PRESTIGE Balance Sheet Analysis

  • The company's current liabilities during FY22 stood at Rs 6 billion as compared to Rs 4 billion in FY21, thereby witnessing an increase of 42.8%.
  • Current assets rose 24% and stood at Rs 17 billion, while fixed assets rose 6% and stood at Rs 7 billion in FY22.
  • Overall, the total assets and liabilities for FY22 stood at Rs 24 billion as against Rs 20 billion during FY21, thereby witnessing a growth of 18%.

TTK PRESTIGE Balance Sheet as on March 2022

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Networth Rs m 15,050 17,296 14.9
 
Current Liabilities Rs m 4,220 6,024 42.8
Long-term Debt Rs m 404 0 -100.0
Total Liabilities Rs m 20,384 24,145 18.5
 
Current assets Rs m 13,960 17,344 24.2
Fixed Assets Rs m 6,424 6,801 5.9
Total Assets Rs m 20,384 24,145 18.5
* 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 FY22 stood at Rs 3 billion, an improvement of 1.9% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY22 stood at Rs -2 billion, an improvement of 20.1% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY22 stood at Rs -907 million on a YoY basis.
  • Overall, net cash flows for the company during FY22 stood at Rs -175 million from the Rs 227 million net cash flows seen during FY21.

TTK PRESTIGE Cash Flow Statement 2021-22

Particulars No. of months 12 12 % Change
Year Ending Mar-21 Mar-22
Cash Flow from Operating Activities Rs m 2,888 2,942 1.9%
Cash Flow from Investing Activities Rs m -1,841 -2,210 -
Cash Flow from Financing Activities Rs m -821 -907 -
Net Cash Flow Rs m 227 -175 -
* 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 22.0, an decline from the EPS of Rs 175.2 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 851.9, stands at 38.7 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 6.8 times, while the price to sales ratio stands at 4.3 times.
  • The company's price to cash flow (P/CF) ratio stood at 249.9 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-21* 12 Mar-22*
Sales per share (Unadj.) Rs 1,583.1 196.4
TTM Earnings per share Rs 175.2 22.0
Diluted earnings per share Rs 17.5 22.0
Price to Cash Flow x 357.1 249.9
TTM P/E ratio x 415.8 38.7
Price / Book Value ratio x 5.8 50.5
Market Cap Rs m 86,670 873,691
Dividends per share (Unadj.) Rs 5.0 6.0
* 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 deteriorated and stood at 2.9x during FY22, from 3.3x during FY21. 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 61.1x during FY22, from 56.6x during FY21. 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 17.7% during FY22, from 16.1% during FY22. 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 24.1% during FY22, from 21.3% during FY21. 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 12.9% during FY22, from 12.2% during FY21. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-21* 12 Mar-22*
Current ratio x 3.3 2.9
Debtors’ Days Days 5 4
Interest coverage x 56.6 61.1
Debt to equity ratio x 0.0 0.0
Return on assets % 12.2 12.9
Return on equity % 16.1 17.7
Return on capital employed % 21.3 24.1
* 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 down from Rs 9,304.4 to Rs 851.9, registering a loss of Rs 8,452.5 or around 90.8%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 35,960.8 (up 2.4%). Over the last one year it has moved down from 36,117.7 to 35,960.8, a loss of 157 points (down 0.4%).

Overall, the S&P BSE SENSEX is up 1.6% 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 FY22? How does it compare to earlier years?

The revenues of TTK PRESTIGE stood at Rs 27,575 m in FY22, which was up 24.0% compared to Rs 22,229 m reported in FY21.

TTK PRESTIGE's revenue has grown from Rs 18,773 m in FY18 to Rs 27,575 m in FY22.

Over the past 5 years, the revenue of TTK PRESTIGE has grown at a CAGR of 10.1%.

What was the net profit of TTK PRESTIGE in FY22? How does it compare to earlier years?

The net profit of TTK PRESTIGE stood at Rs 3,054 m in FY22, which was up 25.7% compared to Rs 2,429 m reported in FY21.

This compares to a net profit of Rs 1,845 m in FY20 and a net profit of Rs 1,924 m in FY19.

Over the past 5 years, TTK PRESTIGE net profit has grown at a CAGR of 3.8%.

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 increased in FY22 and stood at Rs 2,942 m as compared to Rs 2,888 m in FY21.
  • Cash flow from investments decreased in FY22 and stood at Rs -2,210 m as compared to Rs -1,841 m in FY21.
  • Cash flow from financial activity decreased in FY22 and stood at Rs -907 m as compared to Rs -821 m in FY21.

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

(Rs m)FY18FY19FY20FY21FY22
From Operations1,2689402,5312,8882,942
From Investments-31-2-1,837-1,841-2,210
From Financial Activity-1,127-843-951-821-907
Net Cashflow11095-257227-175

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 down at 15.7% in FY22 as against 15.5% in FY21.
  • Net profit margins grew from 11.1% in FY21 to 11.2% in FY22.
  • Debt to Equity ratio for FY22 stood at 0.0 as compared to 0.0 in FY21.

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

 FY18FY19FY20FY21FY22
Operating Profit Margin (%)20.414.012.315.515.7
Net Profit Margin (%)14.19.18.911.111.2
Debt to Equity Ratio (x)0.10.00.00.00.0

Read: Latest Annual Report Analysis of TTK PRESTIGE

 

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