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

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  


TVS SRICHAKRA 2019-20 Annual Report Analysis
Tue, 31 Mar

TVS SRICHAKRA has announced its results for the year ended March 2020. Let us have a look at the detailed performance review of the company during FY19-20.

TVS SRICHAKRA Income Statement Analysis

  • Operating income during the year fell 13.5% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 17.7% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 10.3% in FY20 as against 10.8% in FY19.
  • Depreciation charges increased by 18.2% and finance costs increased by 5.7% YoY, respectively.
  • Other income declined by 15.1% YoY.
  • Net profit for the year declined by 20.3% YoY.
  • Net profit margins during the year declined from 4.2% in FY19 to 3.9% in FY20.

TVS SRICHAKRA Income Statement 2019-20

No. of Mths Year Ending 12 Mar-19* 12 Mar-20* % Change
Net Sales Rs m 24,310 21,037 -13.5%
Other income Rs m 120 102 -15.1%
Total Revenues Rs m 24,430 21,139 -13.5%
Gross profit Rs m 2,634 2,169 -17.7%
Depreciation Rs m 848 1,002 18.2%
Interest Rs m 373 394 5.7%
Profit before tax Rs m 1,533 874 -43.0%
Tax Rs m 500 52 -89.7%
Profit after tax Rs m 1,033 823 -20.3%
Gross profit margin % 10.8 10.3
Effective tax rate % 32.6 5.9
Net profit margin % 4.2 3.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

TVS SRICHAKRA Balance Sheet Analysis

  • The company's current liabilities during FY20 down at Rs 6 billion as compared to Rs 9 billion in FY19, thereby witnessing an decrease of -30.3%.
  • Long-term debt stood at Rs 1 billion as compared to Rs 469 million during FY19, a growth of 175.6%.
  • Current assets fell 21% and stood at Rs 7 billion, while fixed assets rose 0% and stood at Rs 9 billion in FY20.
  • Overall, the total assets and liabilities for FY20 stood at Rs 16 billion as against Rs 18 billion during FY19, thereby witnessing a fall of 11%.

TVS SRICHAKRA Balance Sheet as on March 2020

No. of Mths Year Ending 12 Mar-19* 12 Mar-20* % Change
Networth Rs m 7,283 7,449 2.3
 
Current Liabilities Rs m 8,815 6,146 -30.3
Long-term Debt Rs m 469 1,292 175.6
Total Liabilities Rs m 18,093 16,162 -10.7
 
Current assets Rs m 9,258 7,299 -21.2
Fixed Assets Rs m 8,835 8,863 0.3
Total Assets Rs m 18,093 16,162 -10.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



TVS SRICHAKRA Cash Flow Statement Analysis

  • TVS SRICHAKRA's cash flow from operating activities (CFO) during FY20 stood at Rs 3 billion, an improvement of 367.8% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY20 stood at Rs -1 billion, an improvement of 12.9% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY20 stood at Rs -2 billion on a YoY basis.
  • Overall, net cash flows for the company during FY20 stood at Rs -51 million from the Rs -40 million net cash flows seen during FY19.

TVS SRICHAKRA Cash Flow Statement 2019-20

Particulars No. of months 12 12 % Change
Year Ending Mar-19 Mar-20
Cash Flow from Operating Activities Rs m 640 2,995 367.8%
Cash Flow from Investing Activities Rs m -1,204 -1,359 -
Cash Flow from Financing Activities Rs m 524 -1,686 -
Net Cash Flow Rs m -40 -51 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for TVS SRICHAKRA

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 107.4, an decline from the EPS of Rs 134.8 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 891.1, stands at 8.3 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 0.9 times, while the price to sales ratio stands at 0.3 times.
  • The company's price to cash flow (P/CF) ratio stood at 6.4 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-19* 12 Mar-20*
Sales per share (Unadj.) Rs 3,173.6 2,746.4
TTM Earnings per share Rs 134.8 107.4
Diluted earnings per share Rs 134.9 107.4
Price to Cash Flow x 8.9 6.4
TTM P/E ratio x 16.3 8.3
Price / Book Value ratio x 3.1 1.6
Market Cap Rs m 22,722 11,600
Dividends per share (Unadj.) Rs 40.0 20.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for TVS SRICHAKRA

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.2x during FY20, from 1.1x during FY19. 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 3.2x during FY20, from 5.1x during FY19. 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 11.0% during FY20, from 14.2% during FY20. 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 14.5% during FY20, from 24.6% during FY19. 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 7.5% during FY20, from 7.8% during FY19. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-19* 12 Mar-20*
Current ratio x 1.1 1.2
Debtors’ Days Days 5 4
Interest coverage x 5.1 3.2
Debt to equity ratio x 0.1 0.2
Return on assets % 7.8 7.5
Return on equity % 14.2 11.0
Return on capital employed % 24.6 14.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how TVS SRICHAKRA has performed over the last 5 years, please visit here.

TVS SRICHAKRA Share Price Performance

Over the last one year, TVS SRICHAKRA share price has moved down from Rs 2,195.6 to Rs 891.1, registering a loss of Rs 1,304.5 or around 59.4%.

Overall, the S&P BSE SENSEX is down 24.2% over the year.

(To know more, check out historical annual results for TVS SRICHAKRA and quarterly results for TVS SRICHAKRA)

Annual Report FAQs

What is the current share price of TVS SRICHAKRA?

TVS SRICHAKRA currently trades at Rs 3,905.4 per share. You can check out the latest share price performance of TVS SRICHAKRA here...

What was the revenue of TVS SRICHAKRA in FY20? How does it compare to earlier years?

The revenues of TVS SRICHAKRA stood at Rs 21,139 m in FY20, which was down -13.5% compared to Rs 24,430 m reported in FY19.

TVS SRICHAKRA's revenue has grown from Rs 20,302 m in FY16 to Rs 21,139 m in FY20.

Over the past 5 years, the revenue of TVS SRICHAKRA has grown at a CAGR of 1.0%.

What was the net profit of TVS SRICHAKRA in FY20? How does it compare to earlier years?

The net profit of TVS SRICHAKRA stood at Rs 823 m in FY20, which was down -20.3% compared to Rs 1,033 m reported in FY19.

This compares to a net profit of Rs 1,173 m in FY18 and a net profit of Rs 1,497 m in FY17.

Over the past 5 years, TVS SRICHAKRA net profit has grown at a CAGR of -19.0%.

What does the cash flow statement of TVS SRICHAKRA 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 TVS SRICHAKRA reveals:

  • Cash flow from operations increased in FY20 and stood at Rs 2,995 m as compared to Rs 640 m in FY19.
  • Cash flow from investments decreased in FY20 and stood at Rs -1,359 m as compared to Rs -1,204 m in FY19.
  • Cash flow from financial activity decreased in FY20 and stood at Rs -1,686 m as compared to Rs 524 m in FY19.

Here's the cash flow statement of TVS SRICHAKRA for the past 5 years.

(Rs m)FY16FY17FY18FY19FY20
From Operations4,0036371,8556402,995
From Investments-1,199-2,151-1,023-1,204-1,359
From Financial Activity-2,7151,487-786524-1,686
Net Cashflow90-2746-40-51

What does the Key Ratio analysis of TVS SRICHAKRA 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 TVS SRICHAKRA reveals:

  • Operating profit margins witnessed a fall and stood at 10.3% in FY20 as against 10.8% in FY19.
  • Net profit margins declined from 4.2% in FY19 to 3.9% in FY20.
  • Debt to Equity ratio for FY20 stood at 0.2 as compared to 0.1 in FY19.

Here's the ratio/financial analysis of TVS SRICHAKRA for the past 5 years.

 FY16FY17FY18FY19FY20
Operating Profit Margin (%)16.315.912.110.810.3
Net Profit Margin (%)9.58.45.64.23.9
Debt to Equity Ratio (x)0.10.00.00.10.2

Read: Latest Annual Report Analysis of TVS SRICHAKRA

Equitymaster requests your view! Post a comment on "TVS SRICHAKRA 2019-20 Annual Report Analysis". Click here!