TRIVENI ENTERP. 2021-22 Annual Report Analysis

Wed, 22 Jun

TRIVENI ENTERP. 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 ENTERP. Income Statement Analysis

• Operating income during the year rose 0.0% on a year-on-year (YoY) basis.
• The company's operating profit decreased by 409.9% YoY during the fiscal. Operating profit margins witnessed a fall and down at 8.3% in FY22 as against 0.0% in FY21.
• Depreciation charges increased by 0.0% increased by 0.0% YoY, respectively.
• Other income grew by 27.2% YoY.
• Net profit for the year grew by 1113.4% YoY.
• Net profit margins during the year grew from 0.0% in FY21 to 0.0% in FY22.

TRIVENI ENTERP. Income Statement 2021-22

No. of Mths Year Ending		12 Mar-21*	12 Mar-22*	% Change
Net Sales	Rs m	0	105	0.0%
Other income	Rs m	4	5	27.2%
Total Revenues	Rs m	4	110	2,695.7%
Gross profit	Rs m	-3	9	-409.9%
Depreciation	Rs m	0	0	0.0%
Interest	Rs m	0	0	0.0%
Profit before tax	Rs m	1	14	1,141.4%
Tax	Rs m	0	4	1,220.7%
Profit after tax	Rs m	1	10	1,113.4%
Gross profit margin	%	0.0	8.3
Effective tax rate	%	26.1	27.8
Net profit margin	%	0.0	0.0

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TRIVENI ENTERP. Balance Sheet Analysis

• The company's current liabilities during FY22 stood at Rs 89 million as compared to Rs 2 million in FY21, thereby witnessing an increase of 4158.2%.
• Current assets rose 105% and stood at Rs 188 million, while fixed assets fell 0% and stood at Rs 1 million in FY22.
• Overall, the total assets and liabilities for FY22 stood at Rs 190 million as against Rs 93 million during FY21, thereby witnessing a growth of 104%.

TRIVENI ENTERP. Balance Sheet as on March 2022

No. of Mths Year Ending		12 Mar-21*	12 Mar-22*	% Change
Networth	Rs m	91	101	10.9
Current Liabilities	Rs m	2	89	4,158.2
Long-term Debt	Rs m	0	0	0.0
Total Liabilities	Rs m	93	190	103.6
Current assets	Rs m	92	188	105.0
Fixed Assets	Rs m	1	1	0.0
Total Assets	Rs m	93	190	103.6

TRIVENI ENTERP. Cash Flow Statement Analysis

• TRIVENI ENTERP.'s cash flow from operating activities (CFO) during FY22 stood at Rs -9 million on a YoY basis.
• Cash flow from investing activities (CFI) during FY22 stood at Rs 5 million on a YoY basis.
• Cash flow from financial activities (CFF) during FY22 stood at Rs 0 million, an improvement of 0% on a YoY basis.
• Overall, net cash flows for the company during FY22 stood at Rs -4 million from the Rs 10 million net cash flows seen during FY21.

TRIVENI ENTERP. 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	1	-9	-
Cash Flow from Investing Activities	Rs m	9	5	-48.3%
Cash Flow from Financing Activities	Rs m	0	0	0.0%
Net Cash Flow	Rs m	10	-4	-

Current Valuations for TRIVENI ENTERP.

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 0.2, an improvement from the EPS of Rs 0.0 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 4.5, stands at 25.7 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 2.5 times, while the price to sales ratio stands at 2.4 times.
• The company's price to cash flow (P/CF) ratio stood at 70.4 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	0.0	1.8
TTM Earnings per share	Rs	0.0	0.2
Diluted earnings per share	Rs	0.0	0.2
Price to Cash Flow	x	1,106.1	70.4
TTM P/E ratio	x	1,106.4	25.7
Price / Book Value ratio	x	30.9	6.9
Market Cap	Rs m	2,808	700
Dividends per share (Unadj.)	Rs	0.0	0.0

Ratio Analysis for TRIVENI ENTERP.

• Solvency Ratios

Current Ratio: The company's current ratio deteriorated and stood at 2.1x during FY22, from 44.2x during FY21. The current ratio measures the company's ability to pay short-term and long-term obligations.

• Profitability Ratios

Return on Equity (ROE): The ROE for the company improved and stood at 9.9% during FY22, from 0.9% 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 improved and stood at 13.7% during FY22, from 1.2% 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 5.2% during FY22, from 0.9% 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	44.2	2.1
Debtors’ Days	Days	0	347,647,374
Interest coverage	x	0.0	0.0
Debt to equity ratio	x	0.0	0.0
Return on assets	%	0.9	5.2
Return on equity	%	0.9	9.9
Return on capital employed	%	1.2	13.7

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

TRIVENI ENTERP. Share Price Performance

Over the last one year, TRIVENI ENTERP. share price has moved down from Rs 12.2 to Rs 4.5, registering a loss of Rs 7.7 or around 63.2%.

Overall, the S&P BSE SENSEX is down 1.0% over the year.

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