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TRIVENI ENGG 2021-22 Annual Report Analysis
Tue, 2 Aug

TRIVENI ENGG 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.

TRIVENI ENGG Income Statement Analysis

  • Operating income during the year fell 16.3% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 11.3% YoY during the fiscal. Operating profit margins witnessed a fall and down at 16.0% in FY22 as against 12.0% in FY21.
  • Depreciation charges increased by 2.1% and finance costs increased by 5.6% YoY, respectively.
  • Other income declined by 8.1% YoY.
  • Net profit for the year grew by 24.4% YoY.
  • Net profit margins during the year grew from 6.3% in FY21 to 9.4% in FY22.

TRIVENI ENGG Income Statement 2021-22

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Net Sales Rs m 46,450 38,878 -16.3%
Other income Rs m 304 279 -8.1%
Total Revenues Rs m 46,754 39,158 -16.2%
Gross profit Rs m 5,589 6,219 11.3%
Depreciation Rs m 791 807 2.1%
Interest Rs m 516 545 5.6%
Profit before tax Rs m 4,586 5,146 12.2%
Tax Rs m 1,652 1,497 -9.4%
Profit after tax Rs m 2,934 3,649 24.4%
Gross profit margin % 12.0 16.0
Effective tax rate % 36.0 29.1
Net profit margin % 6.3 9.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

TRIVENI ENGG Balance Sheet Analysis

  • The company's current liabilities during FY22 stood at Rs 19 billion as compared to Rs 15 billion in FY21, thereby witnessing an increase of 21.5%.
  • Long-term debt stood at Rs 3 billion as compared to Rs 3 billion during FY21, a growth of 3.3%.
  • Current assets rose 16% and stood at Rs 26 billion, while fixed assets rose 23% and stood at Rs 17 billion in FY22.
  • Overall, the total assets and liabilities for FY22 stood at Rs 43 billion as against Rs 36 billion during FY21, thereby witnessing a growth of 19%.

TRIVENI ENGG Balance Sheet as on March 2022

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Networth Rs m 15,557 19,129 23.0
 
Current Liabilities Rs m 15,491 18,817 21.5
Long-term Debt Rs m 3,089 3,192 3.3
Total Liabilities Rs m 36,197 42,971 18.7
 
Current assets Rs m 22,060 25,577 15.9
Fixed Assets Rs m 14,127 17,357 22.9
Total Assets Rs m 36,197 42,971 18.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



TRIVENI ENGG Cash Flow Statement Analysis

  • TRIVENI ENGG's cash flow from operating activities (CFO) during FY22 stood at Rs -2 billion on a YoY basis.
  • Cash flow from investing activities (CFI) during FY22 stood at Rs -3 billion, an improvement of 138.0% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY22 stood at Rs 4 billion, an improvement of 163% on a YoY basis.
  • Overall, net cash flows for the company during FY22 stood at Rs 120 million from the Rs -208 million net cash flows seen during FY21.

TRIVENI ENGG 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 7,908 -1,734 -
Cash Flow from Investing Activities Rs m -1,079 -2,567 -
Cash Flow from Financing Activities Rs m -7,037 4,421 -
Net Cash Flow Rs m -208 120 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for TRIVENI ENGG

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 15.1, an improvement from the EPS of Rs 12.1 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 258.1, stands at 17.1 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 3.3 times, while the price to sales ratio stands at 1.6 times.
  • The company's price to cash flow (P/CF) ratio stood at 11.9 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 192.1 160.8
TTM Earnings per share Rs 12.1 15.1
Diluted earnings per share Rs 12.1 15.1
Price to Cash Flow x 5.5 11.9
TTM P/E ratio x 7.0 17.1
Price / Book Value ratio x 1.0 2.8
Market Cap Rs m 16,016 53,126
Dividends per share (Unadj.) Rs 1.8 3.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for TRIVENI ENGG

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 1.4x during FY22, from 1.4x 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 10.4x during FY22, from 9.9x 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 19.1% during FY22, from 18.9% 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 declined and down at 25.5% during FY22, from 27.4% 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 improved and stood at 9.8% during FY22, from 9.5% 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 1.4 1.4
Debtors’ Days Days 164 250
Interest coverage x 9.9 10.4
Debt to equity ratio x 0.2 0.2
Return on assets % 9.5 9.8
Return on equity % 18.9 19.1
Return on capital employed % 27.4 25.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how TRIVENI ENGG has performed over the last 5 years, please visit here.

TRIVENI ENGG Share Price Performance

Over the last one year, TRIVENI ENGG share price has moved up from Rs 186.8 to Rs 258.1, registering a gain of Rs 71.4 or around 38.2%.

Overall, the S&P BSE SENSEX is up 10.4% over the year.

(To know more, check out historical annual results for TRIVENI ENGG and quarterly results for TRIVENI ENGG)

Annual Report FAQs

What is the current share price of TRIVENI ENGG?

TRIVENI ENGG currently trades at Rs 310.6 per share. You can check out the latest share price performance of TRIVENI ENGG here...

What was the revenue of TRIVENI ENGG in FY22? How does it compare to earlier years?

The revenues of TRIVENI ENGG stood at Rs 39,158 m in FY22, which was down -16.2% compared to Rs 46,754 m reported in FY21.

TRIVENI ENGG's revenue has grown from Rs 33,528 m in FY18 to Rs 39,158 m in FY22.

Over the past 5 years, the revenue of TRIVENI ENGG has grown at a CAGR of 4.0%.

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

The net profit of TRIVENI ENGG stood at Rs 3,649 m in FY22, which was up 24.4% compared to Rs 2,934 m reported in FY21.

This compares to a net profit of Rs 3,147 m in FY20 and a net profit of Rs 1,961 m in FY19.

Over the past 5 years, TRIVENI ENGG net profit has grown at a CAGR of 37.9%.

What does the cash flow statement of TRIVENI ENGG 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 TRIVENI ENGG reveals:

  • Cash flow from operations decreased in FY22 and stood at Rs -1,734 m as compared to Rs 7,908 m in FY21.
  • Cash flow from investments decreased in FY22 and stood at Rs -2,567 m as compared to Rs -1,079 m in FY21.
  • Cash flow from financial activity increased in FY22 and stood at Rs 4,421 m as compared to Rs -7,037 m in FY21.

Here's the cash flow statement of TRIVENI ENGG for the past 5 years.

(Rs m)FY18FY19FY20FY21FY22
From Operations6,208-1,6875,1047,908-1,734
From Investments-408-2,147-1,072-1,079-2,567
From Financial Activity-5,8293,944-3,857-7,0374,421
Net Cashflow-29110174-208120

What does the Key Ratio analysis of TRIVENI ENGG 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 TRIVENI ENGG reveals:

  • Operating profit margins witnessed a fall and down at 16.0% in FY22 as against 12.0% in FY21.
  • Net profit margins grew from 6.3% in FY21 to 9.4% in FY22.
  • Debt to Equity ratio for FY22 stood at 0.2 as compared to 0.2 in FY21.

Here's the ratio/financial analysis of TRIVENI ENGG for the past 5 years.

 FY18FY19FY20FY21FY22
Operating Profit Margin (%)8.09.612.212.016.0
Net Profit Margin (%)3.06.27.16.39.4
Debt to Equity Ratio (x)0.00.30.30.20.2

Read: Latest Annual Report Analysis of TRIVENI ENGG

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