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TRANSPEK INDUSTRIES 2020-21 Annual Report Analysis
Wed, 31 Mar

TRANSPEK INDUSTRIES 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.

TRANSPEK INDUSTRIES Income Statement Analysis

  • Operating income during the year fell 40.0% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 60.0% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 13.9% in FY21 as against 20.8% in FY20.
  • Depreciation charges increased by 10.1% and finance costs decreased by 34.3% YoY, respectively.
  • Other income declined by 0.7% YoY.
  • Net profit for the year declined by 68.0% YoY.
  • Net profit margins during the year declined from 12.9% in FY20 to 6.9% in FY21.

TRANSPEK INDUSTRIES Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 5,656 3,394 -40.0%
Other income Rs m 174 173 -0.7%
Total Revenues Rs m 5,830 3,567 -38.8%
Gross profit Rs m 1,179 472 -60.0%
Depreciation Rs m 259 285 10.1%
Interest Rs m 158 104 -34.3%
Profit before tax Rs m 935 255 -72.7%
Tax Rs m 206 22 -89.2%
Profit after tax Rs m 729 233 -68.0%
Gross profit margin % 20.8 13.9
Effective tax rate % 22.0 8.7
Net profit margin % 12.9 6.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

TRANSPEK INDUSTRIES Balance Sheet Analysis

  • The company's current liabilities during FY21 down at Rs 1 billion as compared to Rs 1 billion in FY20, thereby witnessing an decrease of -21.7%.
  • Long-term debt down at Rs 443 million as compared to Rs 446 million during FY20, a fall of 0.7%.
  • Current assets fell 3% and stood at Rs 2 billion, while fixed assets rose 4% and stood at Rs 4 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 6 billion as against Rs 6 billion during FY20, thereby witnessing a growth of 2%.

TRANSPEK INDUSTRIES Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 3,384 3,798 12.2
 
Current Liabilities Rs m 1,360 1,064 -21.7
Long-term Debt Rs m 446 443 -0.7
Total Liabilities Rs m 5,887 5,992 1.8
 
Current assets Rs m 1,586 1,537 -3.1
Fixed Assets Rs m 4,301 4,455 3.6
Total Assets Rs m 5,887 5,992 1.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



TRANSPEK INDUSTRIES Cash Flow Statement Analysis

  • TRANSPEK INDUSTRIES's cash flow from operating activities (CFO) during FY21 stood at Rs 578 million on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs -168 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -260 million, an improvement of 66% on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs 151 million from the Rs 2 million net cash flows seen during FY20.

TRANSPEK INDUSTRIES 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 1,106 578 -47.7%
Cash Flow from Investing Activities Rs m -332 -168 -
Cash Flow from Financing Activities Rs m -772 -260 -
Net Cash Flow Rs m 2 151 7,953.5%
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for TRANSPEK INDUSTRIES

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 41.7, an decline from the EPS of Rs 130.5 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 1,363.5, stands at 32.7 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 2.0 times, while the price to sales ratio stands at 2.2 times.
  • The company's price to cash flow (P/CF) ratio stood at 18.3 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 1,011.9 607.2
TTM Earnings per share Rs 130.5 41.7
Diluted earnings per share Rs 130.6 41.7
Price to Cash Flow x 6.9 18.3
TTM P/E ratio x 9.4 32.7
Price / Book Value ratio x 2.6 2.5
Market Cap Rs m 8,681 9,473
Dividends per share (Unadj.) Rs 12.5 7.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for TRANSPEK INDUSTRIES

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.4x during FY21, from 1.2x 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 deteriorated and stood at 3.5x during FY21, from 6.9x 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 6.1% during FY21, from 21.6% 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 8.5% during FY21, from 28.6% 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 5.6% during FY21, from 15.1% 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 1.2 1.4
Debtors’ Days Days 579 819
Interest coverage x 6.9 3.5
Debt to equity ratio x 0.1 0.1
Return on assets % 15.1 5.6
Return on equity % 21.6 6.1
Return on capital employed % 28.6 8.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how TRANSPEK INDUSTRIES has performed over the last 5 years, please visit here.

TRANSPEK INDUSTRIES Share Price Performance

Over the last one year, TRANSPEK INDUSTRIES share price has moved up from Rs 1,228.4 to Rs 1,363.5, registering a gain of Rs 135.1 or around 11.0%.

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

(To know more, check out historical annual results for TRANSPEK INDUSTRIES and quarterly results for TRANSPEK INDUSTRIES)

Annual Report FAQs

What is the current share price of TRANSPEK INDUSTRIES?

TRANSPEK INDUSTRIES currently trades at Rs 1,779.6 per share. You can check out the latest share price performance of TRANSPEK INDUSTRIES here...

What was the revenue of TRANSPEK INDUSTRIES in FY21? How does it compare to earlier years?

The revenues of TRANSPEK INDUSTRIES stood at Rs 3,567 m in FY21, which was down -38.8% compared to Rs 5,830 m reported in FY20.

TRANSPEK INDUSTRIES' revenue has grown from Rs 3,129 m in FY17 to Rs 3,567 m in FY21.

Over the past 5 years, the revenue of TRANSPEK INDUSTRIES has grown at a CAGR of 3.3%.

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

The net profit of TRANSPEK INDUSTRIES stood at Rs 233 m in FY21, which was down -68.0% compared to Rs 729 m reported in FY20.

This compares to a net profit of Rs 657 m in FY19 and a net profit of Rs 264 m in FY18.

Over the past 5 years, TRANSPEK INDUSTRIES net profit has grown at a CAGR of -6.1%.

What does the cash flow statement of TRANSPEK INDUSTRIES 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 TRANSPEK INDUSTRIES reveals:

  • Cash flow from operations decreased in FY21 and stood at Rs 578 m as compared to Rs 1,106 m in FY20.
  • Cash flow from investments increased in FY21 and stood at Rs -168 m as compared to Rs -332 m in FY20.
  • Cash flow from financial activity increased in FY21 and stood at Rs -260 m as compared to Rs -772 m in FY20.

Here's the cash flow statement of TRANSPEK INDUSTRIES for the past 5 years.

(Rs m)FY17FY18FY19FY20FY21
From Operations470741,2751,106578
From Investments-309-1,034-449-332-168
From Financial Activity-175963-831-772-260
Net Cashflow-142-42151

What does the Key Ratio analysis of TRANSPEK INDUSTRIES 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 TRANSPEK INDUSTRIES reveals:

  • Operating profit margins witnessed a fall and stood at 13.9% in FY21 as against 20.8% in FY20.
  • Net profit margins declined from 12.9% in FY20 to 6.9% in FY21.
  • Debt to Equity ratio for FY21 stood at 0.1 as compared to 0.1 in FY20.

Here's the ratio/financial analysis of TRANSPEK INDUSTRIES for the past 5 years.

 FY17FY18FY19FY20FY21
Operating Profit Margin (%)17.313.119.620.813.9
Net Profit Margin (%)9.87.411.112.96.9
Debt to Equity Ratio (x)0.10.30.20.10.1

Read: Latest Annual Report Analysis of TRANSPEK INDUSTRIES

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