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?  


VAKRANGEE 2020-21 Annual Report Analysis
Wed, 31 Mar

VAKRANGEE has announced its results for the year ended March 2021. Let us have a look at the detailed performance review of the company during FY20-21.

VAKRANGEE Income Statement Analysis

  • Operating income during the year fell 54.1% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 2.9% YoY during the fiscal. Operating profit margins witnessed a fall and down at 8.9% in FY21 as against 4.2% in FY20.
  • Depreciation charges increased by 0.5% increased by 0.0% YoY, respectively.
  • Other income declined by 10.1% YoY.
  • Net profit for the year declined by 11.9% YoY.
  • Net profit margins during the year grew from 10.4% in FY20 to 20.0% in FY21.

VAKRANGEE Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 6,852 3,143 -54.1%
Other income Rs m 775 697 -10.1%
Total Revenues Rs m 7,627 3,840 -49.7%
Gross profit Rs m 288 280 -2.9%
Depreciation Rs m 147 148 0.5%
Interest Rs m 0 0 0.0%
Profit before tax Rs m 916 828 -9.5%
Tax Rs m 203 200 -1.2%
Profit after tax Rs m 713 628 -11.9%
Gross profit margin % 4.2 8.9
Effective tax rate % 22.1 24.2
Net profit margin % 10.4 20.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

VAKRANGEE Balance Sheet Analysis

  • The company's current liabilities during FY21 stood at Rs 2 billion as compared to Rs 2 billion in FY20, thereby witnessing an increase of 18.4%.
  • Current assets rose 4% and stood at Rs 21 billion, while fixed assets fell 3% and stood at Rs 8 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 29 billion as against Rs 28 billion during FY20, thereby witnessing a growth of 2%.

VAKRANGEE Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 26,085 26,457 1.4
 
Current Liabilities Rs m 1,749 2,071 18.4
Long-term Debt Rs m 0 0 0.0
Total Liabilities Rs m 28,180 28,756 2.0
 
Current assets Rs m 20,309 21,121 4.0
Fixed Assets Rs m 7,871 7,635 -3.0
Total Assets Rs m 28,180 28,756 2.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



VAKRANGEE Cash Flow Statement Analysis

  • VAKRANGEE's cash flow from operating activities (CFO) during FY21 stood at Rs -306 million on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs 502 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -265 million, an improvement of 12% on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs -69 million from the Rs -126 million net cash flows seen during FY20.

VAKRANGEE Cash Flow Statement 2020-21

Particulars No. of months 12 12 % Change
Year Ending Mar-20 Mar-21
Cash Flow from Operating Activities Rs m -508 -306 -
Cash Flow from Investing Activities Rs m 682 502 -26.4%
Cash Flow from Financing Activities Rs m -301 -265 -
Net Cash Flow Rs m -126 -69 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for VAKRANGEE

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 0.6, an decline from the EPS of Rs 0.7 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 56.1, stands at 94.6 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 2.2 times, while the price to sales ratio stands at 18.9 times.
  • The company's price to cash flow (P/CF) ratio stood at 59.4 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-20* 12 Mar-21*
Sales per share (Unadj.) Rs 6.5 3.0
TTM Earnings per share Rs 0.7 0.6
Diluted earnings per share Rs 0.7 0.6
Price to Cash Flow x 24.4 59.4
TTM P/E ratio x 29.4 94.6
Price / Book Value ratio x 1.8 1.7
Market Cap Rs m 48,071 46,058
Dividends per share (Unadj.) Rs 0.3 0.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for VAKRANGEE

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 10.2x during FY21, from 11.6x during FY20. The current ratio measures the company's ability to pay short-term and long-term obligations.

  • Profitability Ratios
  • Return on Equity (ROE): The ROE for the company declined and down at 2.4% during FY21, from 2.7% during FY21. 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 3.1% during FY21, from 3.5% during FY20. 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 2.2% during FY21, from 2.5% during FY20. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-20* 12 Mar-21*
Current ratio x 11.6 10.2
Debtors’ Days Days 7,291 13,011
Interest coverage x 0.0 0.0
Debt to equity ratio x 0.0 0.0
Return on assets % 2.5 2.2
Return on equity % 2.7 2.4
Return on capital employed % 3.5 3.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

VAKRANGEE Share Price Performance

Over the last one year, VAKRANGEE share price has moved up from Rs 19.8 to Rs 56.1, registering a gain of Rs 36.3 or around 183.1%.

Meanwhile, the S&P BSE IT Index is trading at Rs 26,543.2 (down 0.7%). Over the last one year it has moved up from 12,842.7 to 26,543.2, a gain of 13,701 points (up 106.7%).

Overall, the S&P BSE SENSEX is up 74.1% over the year.

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

Annual Report FAQs

What is the current share price of VAKRANGEE?

VAKRANGEE currently trades at Rs 19.9 per share. You can check out the latest share price performance of VAKRANGEE here...

What was the revenue of VAKRANGEE in FY21? How does it compare to earlier years?

The revenues of VAKRANGEE stood at Rs 3,840 m in FY21, which was down -49.7% compared to Rs 7,627 m reported in FY20.

VAKRANGEE's revenue has fallen from Rs 40,138 m in FY17 to Rs 3,840 m in FY21.

Over the past 5 years, the revenue of VAKRANGEE has grown at a CAGR of -44.4%.

What was the net profit of VAKRANGEE in FY21? How does it compare to earlier years?

The net profit of VAKRANGEE stood at Rs 628 m in FY21, which was down -11.9% compared to Rs 713 m reported in FY20.

This compares to a net profit of Rs 252 m in FY19 and a net profit of Rs 6,805 m in FY18.

Over the past 5 years, VAKRANGEE net profit has grown at a CAGR of -41.4%.

What does the cash flow statement of VAKRANGEE 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 VAKRANGEE reveals:

  • Cash flow from operations increased in FY21 and stood at Rs -306 m as compared to Rs -508 m in FY20.
  • Cash flow from investments decreased in FY21 and stood at Rs 502 m as compared to Rs 682 m in FY20.
  • Cash flow from financial activity increased in FY21 and stood at Rs -265 m as compared to Rs -301 m in FY20.

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

(Rs m)FY17FY18FY19FY20FY21
From Operations6,6875,299-7,083-508-306
From Investments537-989350682502
From Financial Activity-1,419-1,365-319-301-265
Net Cashflow5,8062,945-7,052-126-69

What does the Key Ratio analysis of VAKRANGEE 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 VAKRANGEE reveals:

  • Operating profit margins witnessed a fall and down at 8.9% in FY21 as against 4.2% in FY20.
  • Net profit margins grew from 10.4% in FY20 to 20.0% in FY21.
  • Debt to Equity ratio for FY21 stood at 0.0 as compared to 0.0 in FY20.

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

 FY17FY18FY19FY20FY21
Operating Profit Margin (%)23.415.2-1.94.28.9
Net Profit Margin (%)13.310.51.710.420.0
Debt to Equity Ratio (x)0.00.00.00.00.0

Read: Latest Annual Report Analysis of VAKRANGEE

 

Equitymaster requests your view! Post a comment on "VAKRANGEE 2020-21 Annual Report Analysis". Click here!