TVS MOTORS has announced its results for the year ended March 2018. Let us have a look at the detailed performance review of the company during FY17-18.
No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | % Change | |
---|---|---|---|---|
Net Sales | Rs m | 124,626 | 162,945 | 30.7% |
Other income | Rs m | 1,654 | 1,454 | -12.1% |
Total Revenues | Rs m | 126,281 | 164,399 | 30.2% |
Gross profit | Rs m | 8,688 | 14,967 | 72.3% |
Depreciation | Rs m | 3,168 | 3,736 | 17.9% |
Interest | Rs m | 596 | 3,382 | 467.3% |
Profit before tax | Rs m | 6,578 | 9,302 | 41.4% |
Tax | Rs m | 1,487 | 2,660 | 78.9% |
Profit after tax | Rs m | 5,093 | 6,648 | 30.5% |
Gross profit margin | % | 7.0 | 9.2 | |
Effective tax rate | % | 22.6 | 28.6 | |
Net profit margin | % | 4.0 | 4.0 |
No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | % Change | |
---|---|---|---|---|
Networth | Rs m | 22,160 | 26,772 | 20.8 |
Current Liabilities | Rs m | 32,086 | 78,531 | 144.7 |
Long-term Debt | Rs m | 5,012 | 23,609 | 371.0 |
Total Liabilities | Rs m | 61,280 | 132,135 | 115.6 |
Current assets | Rs m | 24,343 | 63,729 | 161.8 |
Fixed Assets | Rs m | 23,701 | 31,209 | 31.7 |
Total Assets | Rs m | 61,280 | 132,135 | 115.6 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Mar-17 | Mar-18 | ||
Cash Flow from Operating Activities | Rs m | 6,894 | 3,087 | -55.2% |
Cash Flow from Investing Activities | Rs m | -7,090 | -10,494 | - |
Cash Flow from Financing Activities | Rs m | -589 | 8,965 | - |
Net Cash Flow | Rs m | -785 | 1,558 | - |
No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 262.3 | 343.0 |
TTM Earnings per share | Rs | 10.7 | 14.0 |
Diluted earnings per share | Rs | 10.7 | 14.0 |
Price to Cash Flow | x | 29.7 | 23.7 |
TTM P/E ratio | x | 36.1 | 36.1 |
Price / Book Value ratio | x | 7.7 | 10.9 |
Market Cap | Rs m | 245,693 | 245,693 |
Dividends per share (Unadj.) | Rs | 2.5 | 3.3 |
Current Ratio: The company's current ratio improved and stood at 0.8x during FY18, from 0.8x during FY17. 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 3.8x during FY18, from 12.0x during FY17. 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.
Return on Equity (ROE): The ROE for the company improved and stood at 24.8% during FY18, from 23.0% during FY18. 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 25.2% during FY18, from 26.4% during FY17. 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 7.6% during FY18, from 9.3% during FY17. The ROA measures how efficiently the company uses its assets to generate earnings.
No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | |
---|---|---|---|
Current ratio | x | 0.8 | 0.8 |
Debtors’ Days | Days | 21 | 24 |
Interest coverage | x | 12.0 | 3.8 |
Debt to equity ratio | x | 0.2 | 0.9 |
Return on assets | % | 9.3 | 7.6 |
Return on equity | % | 23.0 | 24.8 |
Return on capital employed | % | 26.4 | 25.2 |
To see how TVS MOTORS has performed over the last 5 years, please visit here.
Over the last one year, TVS MOTORS share price has moved up from Rs 581.0 to Rs 517.2, registering a loss of Rs 63.9 or around 11.0%.
Meanwhile, the S&P BSE AUTO Index is trading at Rs 24,433.1 (up 0.7%). Over the last one year it has moved up from 23,814.2 to 24,433.1, a gain of 619 points (up 2.6%).
Overall, the S&P BSE SENSEX is up 19.4% over the year.
(To know more, check out historical annual results for TVS MOTORS and quarterly results for TVS MOTORS)
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For the quarter ended September 2019, TVS MOTORS has posted a net profit of Rs 3 bn (up 20.7% YoY). Sales on the other hand came in at Rs 43 bn (down 12.9% YoY). Read on for a complete analysis of TVS MOTORS's quarterly results.
For the quarter ended June 2019, TVS MOTORS has posted a net profit of Rs 1 bn (down 2.9% YoY). Sales on the other hand came in at Rs 45 bn (up 7.6% YoY). Read on for a complete analysis of TVS MOTORS's quarterly results.
Here's an analysis of the annual report of TVS MOTORS for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of TVS MOTORS. Also includes updates on the valuation of TVS MOTORS.
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