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TRANSCORP INTERN. 2021-22 Annual Report Analysis
Wed, 8 Jun

TRANSCORP INTERN. 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.

TRANSCORP INTERN. Income Statement Analysis

  • Operating income during the year rose 152.5% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 63.7% YoY during the fiscal. Operating profit margins witnessed a growth and down at 0.1% in FY22 as against 0.4% in FY21.
  • Depreciation charges decreased by 10.0% and finance costs decreased by 19.1% YoY, respectively.
  • Other income declined by 50.0% YoY.
  • Net profit for the year grew by 12.5% YoY.
  • Net profit margins during the year grew from 0.5% in FY21 to 0.2% in FY22.

TRANSCORP INTERN. Income Statement 2021-22

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Net Sales Rs m 9,174 23,162 152.5%
Other income Rs m 49 24 -50.0%
Total Revenues Rs m 9,222 23,186 151.4%
Gross profit Rs m -37 -14 -63.7%
Depreciation Rs m 24 22 -10.0%
Interest Rs m 55 44 -19.1%
Profit before tax Rs m -68 -55 -18.0%
Tax Rs m -21 -3 -85.7%
Profit after tax Rs m -47 -52 12.5%
Gross profit margin % -0.4 -0.1
Effective tax rate % 31.2 5.4
Net profit margin % -0.5 -0.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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TRANSCORP INTERN. Balance Sheet Analysis

  • The company's current liabilities during FY22 down at Rs 648 million as compared to Rs 655 million in FY21, thereby witnessing an decrease of -1.1%.
  • Long-term debt down at Rs 77 million as compared to Rs 85 million during FY21, a fall of 9.4%.
  • Current assets rose 32% and stood at Rs 686 million, while fixed assets fell 12% and stood at Rs 550 million in FY22.
  • Overall, the total assets and liabilities for FY22 stood at Rs 1 billion as against Rs 1 billion during FY21, thereby witnessing a growth of 8%.

TRANSCORP INTERN. Balance Sheet as on March 2022

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Networth Rs m 448 562 25.5
 
Current Liabilities Rs m 655 648 -1.1
Long-term Debt Rs m 85 77 -9.4
Total Liabilities Rs m 1,147 1,236 7.8
 
Current assets Rs m 521 686 31.7
Fixed Assets Rs m 626 550 -12.2
Total Assets Rs m 1,147 1,236 7.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



TRANSCORP INTERN. Cash Flow Statement Analysis

  • TRANSCORP INTERN.'s cash flow from operating activities (CFO) during FY22 stood at Rs 234 million, an improvement of 167.8% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY22 stood at Rs 203 million, an improvement of 1,063.3% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY22 stood at Rs -350 million on a YoY basis.
  • Overall, net cash flows for the company during FY22 stood at Rs 87 million from the Rs 66 million net cash flows seen during FY21.

TRANSCORP INTERN. 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 87 234 167.8%
Cash Flow from Investing Activities Rs m 17 203 1,063.3%
Cash Flow from Financing Activities Rs m -39 -350 -
Net Cash Flow Rs m 66 87 32.1%
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for TRANSCORP INTERN.

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs -1.7, an decline from the EPS of Rs -1.5 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 21.2, stands at -12.8 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 1.2 times, while the price to sales ratio stands at 0.0 times.
  • The company's price to cash flow (P/CF) ratio stood at -20.0 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 288.7 728.8
TTM Earnings per share Rs -1.5 -1.7
Diluted earnings per share Rs -1.5 -1.7
Price to Cash Flow x -13.2 -20.0
TTM P/E ratio x -6.4 -12.8
Price / Book Value ratio x 0.7 1.1
Market Cap Rs m 325 611
Dividends per share (Unadj.) Rs 0.0 0.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for TRANSCORP INTERN.

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.1x during FY22, from 0.8x 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 deteriorated and stood at -0.3x during FY22, from -0.2x 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 -9.3% during FY22, from -10.4% 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 -1.7% during FY22, from -2.4% 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 declined and down at -0.7% during FY22, from 0.7% 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 0.8 1.1
Debtors’ Days Days 52 21
Interest coverage x -0.2 -0.3
Debt to equity ratio x 0.2 0.1
Return on assets % 0.7 -0.7
Return on equity % -10.4 -9.3
Return on capital employed % -2.4 -1.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how TRANSCORP INTERN. has performed over the last 5 years, please visit here.

TRANSCORP INTERN. Share Price Performance

Over the last one year, TRANSCORP INTERN. share price has moved up from Rs 11.9 to Rs 21.2, registering a gain of Rs 9.3 or around 77.9%.

Overall, the S&P BSE SENSEX is up 5.5% over the year.

(To know more, check out historical annual results for TRANSCORP INTERN. and quarterly results for TRANSCORP INTERN.)

Annual Report FAQs

What is the current share price of TRANSCORP INTERN.?

TRANSCORP INTERN. currently trades at Rs 25.5 per share. You can check out the latest share price performance of TRANSCORP INTERN. here...

What was the revenue of TRANSCORP INTERN. in FY22? How does it compare to earlier years?

The revenues of TRANSCORP INTERN. stood at Rs 23,186 m in FY22, which was up 151.4% compared to Rs 9,222 m reported in FY21.

TRANSCORP INTERN.'s revenue has grown from Rs 8,652 m in FY18 to Rs 23,186 m in FY22.

Over the past 5 years, the revenue of TRANSCORP INTERN. has grown at a CAGR of 27.9%.

What was the net profit of TRANSCORP INTERN. in FY22? How does it compare to earlier years?

The net loss of TRANSCORP INTERN. stood at Rs -52 m in FY22, which was up 12.5% compared to Rs -47 m reported in FY21.

This compares to a net loss of Rs -99 m in FY20 and a net loss of Rs -99 m in FY19.

Over the past 5 years, TRANSCORP INTERN. net profit has grown at a CAGR of NaN%.

What does the cash flow statement of TRANSCORP INTERN. 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 TRANSCORP INTERN. reveals:

  • Cash flow from operations increased in FY22 and stood at Rs 234 m as compared to Rs 87 m in FY21.
  • Cash flow from investments increased in FY22 and stood at Rs 203 m as compared to Rs 17 m in FY21.
  • Cash flow from financial activity decreased in FY22 and stood at Rs -350 m as compared to Rs -39 m in FY21.

Here's the cash flow statement of TRANSCORP INTERN. for the past 5 years.

(Rs m)FY18FY19FY20FY21FY22
From Operations-60-114-4087234
From Investments1651023317203
From Financial Activity-84-4844-39-350
Net Cashflow21-60376687

What does the Key Ratio analysis of TRANSCORP INTERN. 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 TRANSCORP INTERN. reveals:

  • Operating profit margins witnessed a growth and down at 0.1% in FY22 as against 0.4% in FY21.
  • Net profit margins grew from 0.5% in FY21 to 0.2% in FY22.
  • Debt to Equity ratio for FY22 stood at 0.1 as compared to 0.2 in FY21.

Here's the ratio/financial analysis of TRANSCORP INTERN. for the past 5 years.

 FY18FY19FY20FY21FY22
Operating Profit Margin (%)-0.4-0.6-0.2-0.4-0.1
Net Profit Margin (%)3.1-0.7-0.4-0.5-0.2
Debt to Equity Ratio (x)0.10.10.10.20.1

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