UPL 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.
No. of Mths Year Ending | 12 Mar-19* | 12 Mar-20* | % Change | |
---|---|---|---|---|
Net Sales | Rs m | 218,370 | 357,560 | 63.7% |
Other income | Rs m | 3,200 | 2,660 | -16.9% |
Total Revenues | Rs m | 221,570 | 360,220 | 62.6% |
Gross profit | Rs m | 33,180 | 61,500 | 85.4% |
Depreciation | Rs m | 8,810 | 20,120 | 128.4% |
Interest | Rs m | 9,980 | 16,430 | 64.6% |
Profit before tax | Rs m | 17,590 | 27,610 | 57.0% |
Tax | Rs m | 1,980 | 5,860 | 196.0% |
Profit after tax | Rs m | 15,610 | 21,750 | 39.3% |
Gross profit margin | % | 15.2 | 17.2 | |
Effective tax rate | % | 11.3 | 21.2 | |
Net profit margin | % | 7.1 | 6.1 |
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No. of Mths Year Ending | 12 Mar-19* | 12 Mar-20* | % Change | |
---|---|---|---|---|
Networth | Rs m | 147,150 | 192,830 | 31.0 |
Current Liabilities | Rs m | 162,620 | 166,850 | 2.6 |
Long-term Debt | Rs m | 263,820 | 273,710 | 3.7 |
Total Liabilities | Rs m | 624,350 | 684,300 | 9.6 |
Current assets | Rs m | 267,220 | 292,420 | 9.4 |
Fixed Assets | Rs m | 357,130 | 391,880 | 9.7 |
Total Assets | Rs m | 624,350 | 684,300 | 9.6 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Mar-19 | Mar-20 | ||
Cash Flow from Operating Activities | Rs m | 23,560 | 87,390 | 270.9% |
Cash Flow from Investing Activities | Rs m | -309,200 | -26,430 | - |
Cash Flow from Financing Activities | Rs m | 288,940 | -21,750 | - |
Net Cash Flow | Rs m | -320 | 38,980 | - |
No. of Mths Year Ending | 12 Mar-19* | 12 Mar-20* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 428.7 | 468.0 |
TTM Earnings per share | Rs | 30.6 | 28.5 |
Diluted earnings per share | Rs | 20.8 | 28.9 |
Price to Cash Flow | x | 29.4 | 11.7 |
TTM P/E ratio | x | 47.8 | 12.7 |
Price / Book Value ratio | x | 2.6 | 2.5 |
Market Cap | Rs m | 381,185 | 491,014 |
Dividends per share (Unadj.) | Rs | 8.0 | 6.0 |
Current Ratio: The company's current ratio improved and stood at 1.8x during FY20, from 1.6x 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 2.7x during FY20, from 2.8x 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.
Return on Equity (ROE): The ROE for the company improved and stood at 11.3% during FY20, from 10.6% 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 improved and stood at 9.4% during FY20, from 6.7% 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 improved and stood at 5.6% during FY20, from 4.1% during FY19. The ROA measures how efficiently the company uses its assets to generate earnings.
No. of Mths Year Ending | 12 Mar-19* | 12 Mar-20* | |
---|---|---|---|
Current ratio | x | 1.6 | 1.8 |
Debtors’ Days | Days | 20 | 12 |
Interest coverage | x | 2.8 | 2.7 |
Debt to equity ratio | x | 1.8 | 1.4 |
Return on assets | % | 4.1 | 5.6 |
Return on equity | % | 10.6 | 11.3 |
Return on capital employed | % | 6.7 | 9.4 |
To see how UPL has performed over the last 5 years, please visit here.
Over the last one year, UPL share price has moved down from Rs 956.0 to Rs 326.4, registering a loss of Rs 629.6 or around 65.9%.
Overall, the S&P BSE SENSEX is down 24.2% over the year.
(To know more, check out historical annual results for UPL and quarterly results for UPL )
UPL currently trades at Rs 495.6 per share. You can check out the latest share price performance of UPL here...
The revenues of UPL stood at Rs 360,220 m in FY20, which was up 62.6% compared to Rs 221,570 m reported in FY19.
UPL 's revenue has grown from Rs 140,680 m in FY16 to Rs 360,220 m in FY20.
Over the past 5 years, the revenue of UPL has grown at a CAGR of 26.5%.
The net profit of UPL stood at Rs 21,750 m in FY20, which was up 39.3% compared to Rs 15,610 m reported in FY19.
This compares to a net profit of Rs 20,300 m in FY18 and a net profit of Rs 17,520 m in FY17.
Over the past 5 years, UPL net profit has grown at a CAGR of 20.3%.
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 UPL reveals:
Here's the cash flow statement of UPL for the past 5 years.
(Rs m) | FY16 | FY17 | FY18 | FY19 | FY20 |
---|---|---|---|---|---|
From Operations | 13,960 | 25,850 | 28,390 | 23,560 | 87,390 |
From Investments | -17,190 | -9,990 | -20,930 | -309,200 | -26,430 |
From Financial Activity | 4,690 | 1,400 | -8,010 | 288,940 | -21,750 |
Net Cashflow | 1,310 | 17,030 | -180 | -320 | 38,980 |
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 UPL reveals:
Here's the ratio/financial analysis of UPL for the past 5 years.
FY16 | FY17 | FY18 | FY19 | FY20 | |
---|---|---|---|---|---|
Operating Profit Margin (%) | 16.5 | 18.2 | 19.9 | 15.2 | 17.2 |
Net Profit Margin (%) | 7.5 | 11.0 | 11.8 | 7.1 | 6.1 |
Debt to Equity Ratio (x) | 1.1 | 0.7 | 0.6 | 1.8 | 1.4 |
Read: Latest Annual Report Analysis of UPL
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