TTK HEALTHCARE 2018-19 Annual Report Analysis

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

TTK HEALTHCARE 2018-19 Annual Report Analysis
Thu, 18 Jul

TTK HEALTHCARE has announced its results for the year ended March 2019. Let us have a look at the detailed performance review of the company during FY18-19.

TTK HEALTHCARE Income Statement Analysis

  • Operating income during the year rose 8.7% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 16.5% YoY during the fiscal. Operating profit margins witnessed a fall and down at 7.9% in FY19 as against 7.4% in FY18.
  • Depreciation charges decreased by 3.7% and finance costs decreased by 28.5% YoY, respectively.
  • Other income grew by 2.4% YoY.
  • Net profit for the year grew by 34.1% YoY.
  • Net profit margins during the year grew from 3.1% in FY18 to 3.8% in FY19.

TTK HEALTHCARE Income Statement 2018-19

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Net Sales Rs m 5,776 6,279 8.7%
Other income Rs m 76 78 2.4%
Total Revenues Rs m 5,851 6,356 8.6%
Gross profit Rs m 426 496 16.5%
Depreciation Rs m 152 147 -3.7%
Interest Rs m 47 34 -28.5%
Profit before tax Rs m 302 393 30.2%
Tax Rs m 120 149 24.3%
Profit after tax Rs m 182 244 34.1%
Gross profit margin % 7.4 7.9
Effective tax rate % 39.7 37.9
Net profit margin % 3.1 3.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



TTK HEALTHCARE Balance Sheet Analysis

  • The company's current liabilities during FY19 down at Rs 2 billion as compared to Rs 2 billion in FY18, thereby witnessing an decrease of -6.2%.
  • Long-term debt down at Rs 3 million as compared to Rs 7 million during FY18, a fall of 48.5%.
  • Current assets rose 6% and stood at Rs 3 billion, while fixed assets fell 10% and stood at Rs 991 million in FY19.
  • Overall, the total assets and liabilities for FY19 stood at Rs 4 billion as against Rs 4 billion during FY18, thereby witnessing a growth of 2%.

TTK HEALTHCARE Balance Sheet as on March 2019

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Networth Rs m 2,330 2,514 7.9
 
Current Liabilities Rs m 1,675 1,571 -6.2
Long-term Debt Rs m 7 3 -48.5
Total Liabilities Rs m 4,073 4,158 2.1
 
Current assets Rs m 2,556 2,717 6.3
Fixed Assets Rs m 1,103 991 -10.2
Total Assets Rs m 4,073 4,158 2.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



TTK HEALTHCARE Cash Flow Statement Analysis

  • TTK HEALTHCARE's cash flow from operating activities (CFO) during FY19 stood at Rs 173 million on a YoY basis.
  • Cash flow from investing activities (CFI) during FY19 stood at Rs 97 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY19 stood at Rs -307 million on a YoY basis.
  • Overall, net cash flows for the company during FY19 stood at Rs -38 million from the Rs -41 million net cash flows seen during FY18.

TTK HEALTHCARE Cash Flow Statement 2018-19

Particulars No. of months 12 12 % Change
Year Ending Mar-18 Mar-19
Cash Flow from Operating Activities Rs m 253 173 -31.6%
Cash Flow from Investing Activities Rs m -226 97 -
Cash Flow from Financing Activities Rs m -72 -307 -
Net Cash Flow Rs m -41 -38 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for TTK HEALTHCARE

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 17.2, an improvement from the EPS of Rs 12.9 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 555.0, stands at 17.7 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 5.1 times, while the price to sales ratio stands at 2.1 times.
  • The company's price to cash flow (P/CF) ratio stood at 11.0 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-18* 12 Mar-19*
Sales per share (Unadj.) Rs 408.7 444.4
TTM Earnings per share Rs 12.9 17.2
Diluted earnings per share Rs 23.4 31.4
Price to Cash Flow x 23.5 11.0
TTM P/E ratio x 32.2 17.7
Price / Book Value ratio x 6.8 5.1
Market Cap Rs m 7,842 4,312
Dividends per share (Unadj.) Rs 5.0 5.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for TTK HEALTHCARE

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.7x during FY19, from 1.5x during FY18. 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 12.6x during FY19, from 7.4x during FY18. 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 9.7% during FY19, from 7.8% during FY19. 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 16.9% during FY19, from 14.9% during FY18. 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 6.7% during FY19, from 5.6% during FY18. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-18* 12 Mar-19*
Current ratio x 1.5 1.7
Debtors’ Days Days 35 47
Interest coverage x 7.4 12.6
Debt to equity ratio x 0.0 0.0
Return on assets % 5.6 6.7
Return on equity % 7.8 9.7
Return on capital employed % 14.9 16.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



To see how TTK HEALTHCARE has performed over the last 5 years, please visit here.

TTK HEALTHCARE Share Price Performance

Over the last one year, TTK HEALTHCARE share price has moved down from Rs 761.7 to Rs 555.0, registering a loss of Rs 206.7 or around 27.1%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 13,057.7 (down 0.7%). Over the last one year it has moved down from 13,689.2 to 13,057.7, a loss of 631 points (down 4.6%).

Overall, the S&P BSE SENSEX is up 7.2% over the year.

(To know more, check out historical annual results for TTK HEALTHCARE and quarterly results for TTK HEALTHCARE)

Equitymaster requests your view! Post a comment on "TTK HEALTHCARE 2018-19 Annual Report Analysis". Click here!

  

Related Views on News

TTK HEALTHCARE Announces Quarterly Results (1QFY20); Net Profit Down 53.8% (Quarterly Result Update)

Aug 13, 2019 | Updated on Aug 13, 2019

For the quarter ended June 2019, TTK HEALTHCARE has posted a net profit of Rs 36 m (down 53.8% YoY). Sales on the other hand came in at Rs 2 bn (up 3.2% YoY). Read on for a complete analysis of TTK HEALTHCARE's quarterly results.

TTK HEALTHCARE Announces Quarterly Results (4QFY19); Net Profit Down 38.0% (Quarterly Result Update)

Jun 12, 2019 | Updated on Jun 12, 2019

For the quarter ended March 2019, TTK HEALTHCARE has posted a net profit of Rs 50 m (down 38.0% YoY). Sales on the other hand came in at Rs 1 bn (down 3.8% YoY). Read on for a complete analysis of TTK HEALTHCARE's quarterly results.

TTK HEALTHCARE 2017-18 Annual Report Analysis (Annual Result Update)

Mar 27, 2019 | Updated on Mar 27, 2019

Here's an analysis of the annual report of TTK HEALTHCARE for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of TTK HEALTHCARE. Also includes updates on the valuation of TTK HEALTHCARE.

Aster DM Healthcare (IPO)

Feb 10, 2018

Should you subscribe to the IPO of Aster DM Healthcare Ltd?

Shalby Ltd. (IPO)

Dec 2, 2017

Should you subscribe to the IPO of Shalby Ltd?

More Views on News

Most Popular

My 3 Best Small-cap Stocks to Get Rich in this Market Rebound(Profit Hunter)

Oct 14, 2019

This is once in a decade opportunity to make a killing from smallcap rebound.

Finally, Is the Share Price of Yes Bank Ready for a Rebound?(The 5 Minute Wrapup)

Oct 7, 2019

Here's what every individual investor must know about Yes Bank...

Two Stocks to Buy in the Great Indian Festival(Profit Hunter)

Oct 11, 2019

Discounts are not just limited to E-tailers. You can buy stocks at 50% off too. Here are two stocks to buy now.

The One Stock I Like in this Market(The 5 Minute Wrapup)

Oct 10, 2019

There are rare periods in markets when you get good quality stocks at attractive valuations. Is this one such period?

5 Smart Money Stocks to Profit from the Market Rebound(The 5 Minute Wrapup)

Oct 11, 2019

Now is the time to put money in these 5 stocks to take advantage of the recovery in the economy and the markets.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

TRACK TTK HEALTHCARE

  • Track your investment in TTK HEALTHCARE with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON TTK HEALTHCARE

TTK HEALTHCARE 8-QTR ANALYSIS

COMPARE TTK HEALTHCARE WITH

MARKET STATS