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TRIVENI TURBINE 2020-21 Annual Report Analysis
Wed, 31 Mar

TRIVENI TURBINE has announced its results for the year ended March 2021. Let us have a look at the detailed performance review of the company during FY20-21.

TRIVENI TURBINE Income Statement Analysis

  • Operating income during the year fell 14.1% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 17.1% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 18.6% in FY21 as against 19.3% in FY20.
  • Depreciation charges increased by 0.5% and finance costs decreased by 47.3% YoY, respectively.
  • Other income grew by 31.0% YoY.
  • Net profit for the year declined by 13.7% YoY.
  • Net profit margins during the year grew from 13.8% in FY20 to 13.8% in FY21.

TRIVENI TURBINE Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 8,179 7,026 -14.1%
Other income Rs m 146 191 31.0%
Total Revenues Rs m 8,325 7,217 -13.3%
Gross profit Rs m 1,577 1,308 -17.1%
Depreciation Rs m 201 202 0.5%
Interest Rs m 53 28 -47.3%
Profit before tax Rs m 1,468 1,268 -13.6%
Tax Rs m 342 296 -13.3%
Profit after tax Rs m 1,127 972 -13.7%
Gross profit margin % 19.3 18.6
Effective tax rate % 23.3 23.4
Net profit margin % 13.8 13.8
* 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 TURBINE Balance Sheet Analysis

  • The company's current liabilities during FY21 stood at Rs 3 billion as compared to Rs 3 billion in FY20, thereby witnessing an increase of 7.0%.
  • Current assets rose 23% and stood at Rs 7 billion, while fixed assets fell 1% and stood at Rs 3 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 9 billion as against Rs 8 billion during FY20, thereby witnessing a growth of 15%.

TRIVENI TURBINE Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 5,302 6,376 20.3
 
Current Liabilities Rs m 2,737 2,928 7.0
Long-term Debt Rs m 10 0 -100.0
Total Liabilities Rs m 8,222 9,418 14.6
 
Current assets Rs m 5,376 6,597 22.7
Fixed Assets Rs m 2,845 2,821 -0.9
Total Assets Rs m 8,222 9,418 14.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



TRIVENI TURBINE Cash Flow Statement Analysis

  • TRIVENI TURBINE's cash flow from operating activities (CFO) during FY21 stood at Rs 2 billion on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs -2 billion, an improvement of 66.5% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -18 million, an improvement of 91% on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs -288 million from the Rs 388 million net cash flows seen during FY20.

TRIVENI TURBINE Cash Flow Statement 2020-21

Particulars No. of months 12 12 % Change
Year Ending Mar-20 Mar-21
Cash Flow from Operating Activities Rs m 1,877 1,873 -0.2%
Cash Flow from Investing Activities Rs m -1,288 -2,144 -
Cash Flow from Financing Activities Rs m -209 -18 -
Net Cash Flow Rs m 388 -288 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for TRIVENI TURBINE

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 3.0, an decline from the EPS of Rs 3.5 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 101.8, stands at 33.9 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 5.2 times, while the price to sales ratio stands at 4.7 times.
  • The company's price to cash flow (P/CF) ratio stood at 24.0 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-20* 12 Mar-21*
Sales per share (Unadj.) Rs 25.3 21.7
TTM Earnings per share Rs 3.5 3.0
Diluted earnings per share Rs 3.5 3.0
Price to Cash Flow x 13.7 24.0
TTM P/E ratio x 16.2 33.9
Price / Book Value ratio x 5.1 4.4
Market Cap Rs m 26,834 28,128
Dividends per share (Unadj.) Rs 0.5 1.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for TRIVENI TURBINE

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 2.3x during FY21, from 2.0x during FY20. 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 46.0x during FY21, from 28.5x during FY20. 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 15.2% during FY21, from 21.3% during FY21. 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 20.3% during FY21, from 28.7% during FY20. 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 10.6% during FY21, from 14.4% during FY20. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-20* 12 Mar-21*
Current ratio x 2.0 2.3
Debtors’ Days Days 56 40
Interest coverage x 28.5 46.0
Debt to equity ratio x 0.0 0.0
Return on assets % 14.4 10.6
Return on equity % 21.3 15.2
Return on capital employed % 28.7 20.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

TRIVENI TURBINE Share Price Performance

Over the last one year, TRIVENI TURBINE share price has moved up from Rs 56.3 to Rs 101.8, registering a gain of Rs 45.5 or around 80.8%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 21,095.8 (down 0.4%). Over the last one year it has moved up from 10,979.5 to 21,095.8, a gain of 10,116 points (up 92.1%).

Overall, the S&P BSE SENSEX is up 74.1% over the year.

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

Annual Report FAQs

What is the current share price of TRIVENI TURBINE?

TRIVENI TURBINE currently trades at Rs 537.0 per share. You can check out the latest share price performance of TRIVENI TURBINE here...

What was the revenue of TRIVENI TURBINE in FY21? How does it compare to earlier years?

The revenues of TRIVENI TURBINE stood at Rs 7,217 m in FY21, which was down -13.3% compared to Rs 8,325 m reported in FY20.

TRIVENI TURBINE's revenue has fallen from Rs 7,526 m in FY17 to Rs 7,217 m in FY21.

Over the past 5 years, the revenue of TRIVENI TURBINE has grown at a CAGR of -1.0%.

What was the net profit of TRIVENI TURBINE in FY21? How does it compare to earlier years?

The net profit of TRIVENI TURBINE stood at Rs 972 m in FY21, which was down -13.7% compared to Rs 1,127 m reported in FY20.

This compares to a net profit of Rs 971 m in FY19 and a net profit of Rs 985 m in FY18.

Over the past 5 years, TRIVENI TURBINE net profit has grown at a CAGR of -5.0%.

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

  • Cash flow from operations decreased in FY21 and stood at Rs 1,873 m as compared to Rs 1,877 m in FY20.
  • Cash flow from investments decreased in FY21 and stood at Rs -2,144 m as compared to Rs -1,288 m in FY20.
  • Cash flow from financial activity increased in FY21 and stood at Rs -18 m as compared to Rs -209 m in FY20.

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

(Rs m)FY17FY18FY19FY20FY21
From Operations8209131,4791,8771,873
From Investments-740-498-78-1,288-2,144
From Financial Activity-185-485-1,243-209-18
Net Cashflow-113-62155388-288

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

  • Operating profit margins witnessed a fall and stood at 18.6% in FY21 as against 19.3% in FY20.
  • Net profit margins grew from 13.8% in FY20 to 13.8% in FY21.
  • Debt to Equity ratio for FY21 stood at 0.0 as compared to 0.0 in FY20.

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

 FY17FY18FY19FY20FY21
Operating Profit Margin (%)23.221.318.219.318.6
Net Profit Margin (%)16.513.111.613.813.8
Debt to Equity Ratio (x)0.00.00.00.00.0

Read: Latest Annual Report Analysis of TRIVENI TURBINE

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