UNITED DRILLING TOOLS has announced its results for the year ended March 2023. Let us have a look at the detailed performance review of the company during FY22-23.
No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | % Change | |
---|---|---|---|---|
Net Sales | Rs m | 1,749 | 1,198 | -31.5% |
Other income | Rs m | 11 | 6 | -45.8% |
Total Revenues | Rs m | 1,760 | 1,204 | -31.6% |
Gross profit | Rs m | 743 | 192 | -74.2% |
Depreciation | Rs m | 30 | 41 | 35.7% |
Interest | Rs m | 8 | 8 | -1.3% |
Profit before tax | Rs m | 715 | 148 | -79.3% |
Tax | Rs m | 214 | 45 | -78.9% |
Profit after tax | Rs m | 500 | 103 | -79.5% |
Gross profit margin | % | 42.5 | 16.0 | |
Effective tax rate | % | 30.0 | 30.6 | |
Net profit margin | % | 28.6 | 8.6 |
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No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | % Change | |
---|---|---|---|---|
Networth | Rs m | 2,395 | 2,471 | 3.1 |
Current Liabilities | Rs m | 569 | 330 | -42.0 |
Long-term Debt | Rs m | 1 | 0 | -51.4 |
Total Liabilities | Rs m | 3,024 | 2,861 | -5.4 |
Current assets | Rs m | 2,056 | 1,980 | -3.7 |
Fixed Assets | Rs m | 967 | 881 | -9.0 |
Total Assets | Rs m | 3,024 | 2,861 | -5.4 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Mar-22 | Mar-23 | ||
Cash Flow from Operating Activities | Rs m | 64 | 257 | 301.1% |
Cash Flow from Investing Activities | Rs m | -62 | -94 | - |
Cash Flow from Financing Activities | Rs m | -37 | -164 | - |
Net Cash Flow | Rs m | -35 | -1 | - |
No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 86.2 | 59.0 |
TTM Earnings per share | Rs | 24.6 | 5.1 |
Diluted earnings per share | Rs | 24.6 | 5.1 |
Price to Cash Flow | x | 18.9 | 54.0 |
TTM P/E ratio | x | 20.0 | 38.0 |
Price / Book Value ratio | x | 3.7 | 3.1 |
Market Cap | Rs m | 8,825 | 7,778 |
Dividends per share (Unadj.) | Rs | 2.1 | 1.8 |
Current Ratio: The company's current ratio improved and stood at 6.0x during FY23, from 3.6x during FY22. 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 18.9x during FY23, from 86.3x during FY22. 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 declined and down at 4.2% during FY23, from 20.9% during FY23. 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 6.3% during FY23, from 30.2% during FY22. 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 3.9% during FY23, from 16.8% during FY22. The ROA measures how efficiently the company uses its assets to generate earnings.
No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | |
---|---|---|---|
Current ratio | x | 3.6 | 6.0 |
Debtors’ Days | Days | 877 | 1,038 |
Interest coverage | x | 86.3 | 18.9 |
Debt to equity ratio | x | 0.0 | 0.0 |
Return on assets | % | 16.8 | 3.9 |
Return on equity | % | 20.9 | 4.2 |
Return on capital employed | % | 30.2 | 6.3 |
To see how UNITED DRILLING TOOLS has performed over the last 5 years, please visit here.
Over the last one year, UNITED DRILLING TOOLS share price has moved down from Rs 493.3 to Rs 193.0, registering a loss of Rs 300.3 or around 60.9%.
Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 34,369.7 (up 1.2%). Over the last one year it has moved up from 27,506.0 to 34,369.7, a gain of 6,864 points (up 25.0%).
Overall, the S&P BSE SENSEX is up 1.8% over the year.
(To know more, check out historical annual results for UNITED DRILLING TOOLS and quarterly results for UNITED DRILLING TOOLS)
UNITED DRILLING TOOLS currently trades at Rs 273.4 per share. You can check out the latest share price performance of UNITED DRILLING TOOLS here...
The revenues of UNITED DRILLING TOOLS stood at Rs 1,204 m in FY23, which was down -31.6% compared to Rs 1,760 m reported in FY22.
UNITED DRILLING TOOLS' revenue has fallen from Rs 1,571 m in FY19 to Rs 1,204 m in FY23.
Over the past 5 years, the revenue of UNITED DRILLING TOOLS has grown at a CAGR of -6.4%.
The net profit of UNITED DRILLING TOOLS stood at Rs 103 m in FY23, which was down -79.5% compared to Rs 500 m reported in FY22.
This compares to a net profit of Rs 327 m in FY21 and a net profit of Rs 452 m in FY20.
Over the past 5 years, UNITED DRILLING TOOLS net profit has grown at a CAGR of -19.7%.
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 UNITED DRILLING TOOLS reveals:
Here's the cash flow statement of UNITED DRILLING TOOLS for the past 5 years.
(Rs m) | FY19 | FY20 | FY21 | FY22 | FY23 |
---|---|---|---|---|---|
From Operations | 306 | 133 | -82 | 64 | 257 |
From Investments | -10 | -13 | -151 | -62 | -94 |
From Financial Activity | -198 | -124 | 183 | -37 | -164 |
Net Cashflow | 97 | -4 | -50 | -35 | -1 |
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 UNITED DRILLING TOOLS reveals:
Here's the ratio/financial analysis of UNITED DRILLING TOOLS for the past 5 years.
FY19 | FY20 | FY21 | FY22 | FY23 | |
---|---|---|---|---|---|
Operating Profit Margin (%) | 18.1 | 47.5 | 27.3 | 42.5 | 16.0 |
Net Profit Margin (%) | 15.8 | 40.5 | 22.9 | 28.6 | 8.6 |
Debt to Equity Ratio (x) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
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