TILAKNAGAR IND. 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?  

Markets will remain closed on 30th November, 2020 on account of Guru Nanak Jayanti.

TILAKNAGAR IND. 2017-18 Annual Report Analysis
Tue, 18 Dec

TILAKNAGAR IND. 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.

TILAKNAGAR IND. Income Statement Analysis

  • Operating income during the year rose 3.1% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 103.2% YoY during the fiscal. Operating profit margins witnessed a fall and down at 0.6% in FY18 as against 18.8% in FY17.
  • Depreciation charges decreased by 2.2% and finance costs decreased by 3.4% YoY, respectively.
  • Other income grew by 729.9% YoY.
  • Net profit for the year declined by 45.9% YoY.
  • Net profit margins during the year grew from 54.1% in FY17 to 26.9% in FY18.

TILAKNAGAR IND. Income Statement 2017-18

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Net Sales Rs m 5,131 5,291 3.1%
Other income Rs m 40 333 729.9%
Total Revenues Rs m 5,171 5,624 8.8%
Gross profit Rs m -965 31 -103.2%
Depreciation Rs m 381 373 -2.2%
Interest Rs m 1,572 1,519 -3.4%
Profit before tax Rs m -2,879 -1,529 -46.9%
Tax Rs m -83 -17 -79.2%
Profit after tax Rs m -2,796 -1,511 -45.9%
Gross profit margin % -18.8 0.6
Effective tax rate % 2.9 1.1
Net profit margin % -54.1 -26.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



TILAKNAGAR IND. Balance Sheet Analysis

  • The company's current liabilities during FY18 stood at Rs 13 billion as compared to Rs 13 billion in FY17, thereby witnessing an increase of 1.9%.
  • Long-term debt down at Rs 1 million as compared to Rs 2 billion during FY17, a fall of 99.9%.
  • Current assets fell 24% and stood at Rs 5 billion, while fixed assets rose 9% and stood at Rs 7 billion in FY18.
  • Overall, the total assets and liabilities for FY18 stood at Rs 13 billion as against Rs 14 billion during FY17, thereby witnessing a fall of 5%.

TILAKNAGAR IND. Balance Sheet as on March 2018

No. of Mths Year Ending 12 Mar-17* 12 Mar-18* % Change
Networth Rs m 204 -1,300 -736.2
 
Current Liabilities Rs m 12,769 13,007 1.9
Long-term Debt Rs m 1,901 1 -99.9
Total Liabilities Rs m 13,504 12,820 -5.1
 
Current assets Rs m 6,609 5,030 -23.9
Fixed Assets Rs m 6,424 7,007 9.1
Total Assets Rs m 13,504 12,820 -5.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



TILAKNAGAR IND. Cash Flow Statement Analysis

  • TILAKNAGAR IND.'s cash flow from operating activities (CFO) during FY18 stood at Rs 2 billion, an improvement of 574.2% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY18 stood at Rs -78 million, an improvement of 233.2% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY18 stood at Rs -1 billion on a YoY basis.
  • Overall, net cash flows for the company during FY18 stood at Rs 620 million from the Rs -46 million net cash flows seen during FY17.

TILAKNAGAR IND. 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 259 1,748 574.2%
Cash Flow from Investing Activities Rs m -24 -78 -
Cash Flow from Financing Activities Rs m -282 -1,050 -
Net Cash Flow Rs m -46 620 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for TILAKNAGAR IND.

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs -12.1, an improvement from the EPS of Rs -22.4 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 15.0, stands at -1.2 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at -1.7 times, while the price to sales ratio stands at 0.4 times.
  • The company's price to cash flow (P/CF) ratio stood at -1.6 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 41.1 42.4
TTM Earnings per share Rs -22.4 -12.1
Diluted earnings per share Rs -22.4 -12.1
Price to Cash Flow x -0.8 -1.6
TTM P/E ratio x -1.2 -1.2
Price / Book Value ratio x 9.9 -1.7
Market Cap Rs m 1,871 1,870
Dividends per share (Unadj.) Rs 0.0 0.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for TILAKNAGAR IND.

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 0.4x during FY18, from 0.5x 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 0.0x during FY18, from -0.8x 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 116.2% during FY18, from -1,367.8% 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 improved and stood at 0.7% during FY18, from -62.0% 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 0.1% during FY18, from -9.1% 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 0.5 0.4
Debtors’ Days Days 106 119
Interest coverage x -0.8 0.0
Debt to equity ratio x 9.3 0.0
Return on assets % -9.1 0.1
Return on equity % -1,367.8 116.2
Return on capital employed % -62.0 0.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



To see how TILAKNAGAR IND. has performed over the last 5 years, please visit here.

TILAKNAGAR IND. Share Price Performance

Over the last one year, TILAKNAGAR IND. share price has moved up from Rs 20.3 to Rs 15.0, registering a loss of Rs 5.3 or around 26.1%.

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

(To know more, check out historical annual results for TILAKNAGAR IND. and quarterly results for TILAKNAGAR IND.)

Equitymaster requests your view! Post a comment on "TILAKNAGAR IND. 2017-18 Annual Report Analysis". Click here!

  

Related Views on News

TILAKNAGAR IND. Announces Quarterly Results (1QFY20); Net Profit Up 5.7% (Quarterly Result Update)

Aug 13, 2019 | Updated on Aug 13, 2019

For the quarter ended June 2019, TILAKNAGAR IND. has posted a net profit of Rs 370 m (up 5.7% YoY). Sales on the other hand came in at Rs 3 bn (down 1.1% YoY). Read on for a complete analysis of TILAKNAGAR IND.'s quarterly results.

TILAKNAGAR IND. Announces Quarterly Results (3QFY19); Net Profit Down 195.5% (Quarterly Result Update)

Feb 26, 2019 | Updated on Feb 26, 2019

For the quarter ended December 2018, TILAKNAGAR IND. has posted a net profit of Rs 490 m (down 195.5% YoY). Sales on the other hand came in at Rs 4 bn (up 96.0% YoY). Read on for a complete analysis of TILAKNAGAR IND.'s quarterly results.

More Views on News

Most Popular

Stocks that Could Shine More than Gold After Diwali(Profit Hunter)

Nov 17, 2020

If the markets become volatile over the next few months, do this.

Not Infosys or Wipro. India's Next Wealth Creators Could Be Drone Stocks(Profit Hunter)

Nov 25, 2020

India's drones directorate signals the next big defence tech multibaggers.

How the New Margins Will Impact You(Fast Profits Daily)

Nov 25, 2020

The new rules on margins will come into effect from 1st December. Are you ready?

How to Build the Best Trading System(Fast Profits Daily)

Nov 20, 2020

In this video, I'll show you how to make the best trading system.

An Eraser and Some Pencils(The Honest Truth)

Nov 17, 2020

Ajit Dayal on the road ahead for the world after covid.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

TRACK TILAKNAGAR IND.

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

MORE ON TILAKNAGAR IND.

TILAKNAGAR IND. 5-YR ANALYSIS

COMPARE TILAKNAGAR IND. WITH

MARKET STATS