UDAYSHIVAKUMAR INFRA 2022-23 Annual Report Analysis

Fri, 31 Mar

UDAYSHIVAKUMAR INFRA 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.

UDAYSHIVAKUMAR INFRA Income Statement Analysis

• Operating income during the year rose 54.6% on a year-on-year (YoY) basis.
• The company's operating profit increased by 28.1% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 10.9% in FY23 as against 13.2% in FY22.
• Depreciation charges increased by 18.5% and finance costs increased by 26.3% YoY, respectively.
• Other income grew by 32.9% YoY.
• Net profit for the year grew by 29.7% YoY.
• Net profit margins during the year declined from 6.7% in FY22 to 5.6% in FY23.

UDAYSHIVAKUMAR INFRA Income Statement 2022-23

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*	% Change
Net Sales	Rs m	1,856	2,869	54.6%
Other income	Rs m	8	10	32.9%
Total Revenues	Rs m	1,864	2,879	54.5%
Gross profit	Rs m	244	313	28.1%
Depreciation	Rs m	54	64	18.5%
Interest	Rs m	35	44	26.3%
Profit before tax	Rs m	163	215	31.9%
Tax	Rs m	39	55	38.7%
Profit after tax	Rs m	124	160	29.7%
Gross profit margin	%	13.2	10.9
Effective tax rate	%	24.2	25.4
Net profit margin	%	6.7	5.6

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UDAYSHIVAKUMAR INFRA Balance Sheet Analysis

• The company's current liabilities during FY23 stood at Rs 1 billion as compared to Rs 622 million in FY22, thereby witnessing an increase of 66.5%.
• Long-term debt stood at Rs 162 million as compared to Rs 56 million during FY22, a growth of 190.7%.
• Current assets rose 155% and stood at Rs 2 billion, while fixed assets rose 29% and stood at Rs 1 billion in FY23.
• Overall, the total assets and liabilities for FY23 stood at Rs 3 billion as against Rs 2 billion during FY22, thereby witnessing a growth of 82%.

UDAYSHIVAKUMAR INFRA Balance Sheet as on March 2023

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*	% Change
Networth	Rs m	623	1,442	131.6
Current Liabilities	Rs m	622	1,035	66.5
Long-term Debt	Rs m	56	162	190.7
Total Liabilities	Rs m	1,559	2,838	82.0
Current assets	Rs m	656	1,675	155.4
Fixed Assets	Rs m	904	1,164	28.7
Total Assets	Rs m	1,559	2,838	82.0

UDAYSHIVAKUMAR INFRA Cash Flow Statement Analysis

• UDAYSHIVAKUMAR INFRA's cash flow from operating activities (CFO) during FY23 stood at Rs 199 million on a YoY basis.
• Cash flow from investing activities (CFI) during FY23 stood at Rs -214 million, an improvement of 28.2% on a YoY basis.
• Cash flow from financial activities (CFF) during FY23 stood at Rs 662 million, an improvement of 1,433% on a YoY basis.
• Overall, net cash flows for the company during FY23 stood at Rs 647 million from the Rs 100 million net cash flows seen during FY22.

UDAYSHIVAKUMAR INFRA Cash Flow Statement 2022-23

Particulars	No. of months	12	12	% Change
	Year Ending	Mar-22	Mar-23
Cash Flow from Operating Activities	Rs m	317	199	-37.0%
Cash Flow from Investing Activities	Rs m	-167	-214	-
Cash Flow from Financing Activities	Rs m	-50	662	-
Net Cash Flow	Rs m	100	647	547.6%

Current Valuations for UDAYSHIVAKUMAR INFRA

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 2.9, an decline from the EPS of Rs 3.4 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 0.0, stands at 0.0 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 0.0 times, while the price to sales ratio stands at 0.0 times.
• The company's price to cash flow (P/CF) ratio stood at 0.0 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*
Sales per share (Unadj.)	Rs	50.9	51.8
TTM Earnings per share	Rs	3.4	2.9
Diluted earnings per share	Rs	2.2	2.9
Price to Cash Flow	x	0.0	0.0
TTM P/E ratio	x	0.0	0.0
Price / Book Value ratio	x	0.0	0.0
Market Cap	Rs m	0	0
Dividends per share (Unadj.)	Rs	0.0	0.0

Ratio Analysis for UDAYSHIVAKUMAR INFRA

• Solvency Ratios

Current Ratio: The company's current ratio improved and stood at 1.6x during FY23, from 1.1x 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 improved and stood at 5.9x during FY23, from 5.7x 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.

• Profitability Ratios

Return on Equity (ROE): The ROE for the company declined and down at 11.1% during FY23, from 19.9% 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 16.2% during FY23, from 29.2% 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 7.2% during FY23, from 10.2% during FY22. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*
Current ratio	x	1.1	1.6
Debtors’ Days	Days	723	382
Interest coverage	x	5.7	5.9
Debt to equity ratio	x	0.1	0.1
Return on assets	%	10.2	7.2
Return on equity	%	19.9	11.1
Return on capital employed	%	29.2	16.2

To see how UDAYSHIVAKUMAR INFRA has performed over the last 5 years, please visit here.

UDAYSHIVAKUMAR INFRA Share Price Performance

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(To know more, check out historical annual results for UDAYSHIVAKUMAR INFRA and quarterly results for UDAYSHIVAKUMAR INFRA)