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VOLTAMP TRANSFORMERS 2018-19 Annual Report Analysis
Sun, 31 Mar

VOLTAMP TRANSFORMERS has announced its results for the year ended March 2019. Let us have a look at the detailed performance review of the company during FY18-19.

VOLTAMP TRANSFORMERS Income Statement Analysis

  • Operating income during the year rose 32.4% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 39.9% YoY during the fiscal. Operating profit margins witnessed a fall and down at 11.4% in FY19 as against 10.8% in FY18.
  • Depreciation charges increased by 19.3% and finance costs increased by 5.6% YoY, respectively.
  • Other income declined by 8.0% YoY.
  • Net profit for the year grew by 15.5% YoY.
  • Net profit margins during the year declined from 11.7% in FY18 to 10.2% in FY19.

VOLTAMP TRANSFORMERS Income Statement 2018-19

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Net Sales Rs m 6,262 8,288 32.4%
Other income Rs m 394 362 -8.0%
Total Revenues Rs m 6,655 8,651 30.0%
Gross profit Rs m 673 942 39.9%
Depreciation Rs m 60 72 19.3%
Interest Rs m 6 6 5.6%
Profit before tax Rs m 1,001 1,227 22.5%
Tax Rs m 267 378 41.9%
Profit after tax Rs m 735 848 15.5%
Gross profit margin % 10.8 11.4
Effective tax rate % 26.6 30.8
Net profit margin % 11.7 10.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

VOLTAMP TRANSFORMERS Balance Sheet Analysis

  • The company's current liabilities during FY19 stood at Rs 536 million as compared to Rs 437 million in FY18, thereby witnessing an increase of 22.6%.
  • Current assets rose 14% and stood at Rs 3 billion, while fixed assets rose 10% and stood at Rs 4 billion in FY19.
  • Overall, the total assets and liabilities for FY19 stood at Rs 8 billion as against Rs 7 billion during FY18, thereby witnessing a growth of 12%.

VOLTAMP TRANSFORMERS Balance Sheet as on March 2019

No. of Mths Year Ending 12 Mar-18* 12 Mar-19* % Change
Networth Rs m 6,201 6,867 10.7
 
Current Liabilities Rs m 437 536 22.6
Long-term Debt Rs m 0 0 0.0
Total Liabilities Rs m 6,700 7,506 12.0
 
Current assets Rs m 2,891 3,305 14.3
Fixed Assets Rs m 3,808 4,201 10.3
Total Assets Rs m 6,700 7,506 12.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



VOLTAMP TRANSFORMERS Cash Flow Statement Analysis

  • VOLTAMP TRANSFORMERS's cash flow from operating activities (CFO) during FY19 stood at Rs 325 million on a YoY basis.
  • Cash flow from investing activities (CFI) during FY19 stood at Rs -109 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY19 stood at Rs -183 million on a YoY basis.
  • Overall, net cash flows for the company during FY19 stood at Rs 33 million from the Rs 41 million net cash flows seen during FY18.

VOLTAMP TRANSFORMERS Cash Flow Statement 2018-19

Particulars No. of months 12 12 % Change
Year Ending Mar-18 Mar-19
Cash Flow from Operating Activities Rs m 425 325 -23.7%
Cash Flow from Investing Activities Rs m -202 -109 -
Cash Flow from Financing Activities Rs m -182 -183 -
Net Cash Flow Rs m 41 33 -20.1%
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for VOLTAMP TRANSFORMERS

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 83.8, an improvement from the EPS of Rs 72.6 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 1,144.4, stands at 13.6 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 1.7 times, while the price to sales ratio stands at 1.4 times.
  • The company's price to cash flow (P/CF) ratio stood at 11.1 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-18* 12 Mar-19*
Sales per share (Unadj.) Rs 618.7 819.0
TTM Earnings per share Rs 72.6 83.8
Diluted earnings per share Rs 72.6 83.9
Price to Cash Flow x 13.5 11.1
TTM P/E ratio x 14.6 13.6
Price / Book Value ratio x 1.9 1.5
Market Cap Rs m 11,730 10,193
Dividends per share (Unadj.) Rs 15.0 22.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for VOLTAMP TRANSFORMERS

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 6.2x during FY19, from 6.6x during FY18. 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 209.6x during FY19, from 180.8x during FY18. 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 improved and stood at 12.4% during FY19, from 11.8% during FY19. 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 17.9% during FY19, from 16.2% during FY18. 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 11.4% during FY19, from 11.1% during FY18. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-18* 12 Mar-19*
Current ratio x 6.6 6.2
Debtors’ Days Days 842 778
Interest coverage x 180.8 209.6
Debt to equity ratio x 0.0 0.0
Return on assets % 11.1 11.4
Return on equity % 11.8 12.4
Return on capital employed % 16.2 17.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

VOLTAMP TRANSFORMERS Share Price Performance

Over the last one year, VOLTAMP TRANSFORMERS share price has moved up from Rs 1,063.9 to Rs 1,144.4, registering a gain of Rs 80.5 or around 7.6%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,472.0 (up 0.5%). Over the last one year it has moved down from 18,476.7 to 18,472.0, a loss of 5 points (down 0.0%).

Overall, the S&P BSE SENSEX is up 16.3% over the year.

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

Annual Report FAQs

What is the current share price of VOLTAMP TRANSFORMERS?

VOLTAMP TRANSFORMERS currently trades at Rs 9,688.1 per share. You can check out the latest share price performance of VOLTAMP TRANSFORMERS here...

What was the revenue of VOLTAMP TRANSFORMERS in FY19? How does it compare to earlier years?

The revenues of VOLTAMP TRANSFORMERS stood at Rs 8,651 m in FY19, which was up 30.0% compared to Rs 6,655 m reported in FY18.

VOLTAMP TRANSFORMERS' revenue has grown from Rs 4,926 m in FY15 to Rs 8,651 m in FY19.

Over the past 5 years, the revenue of VOLTAMP TRANSFORMERS has grown at a CAGR of 15.1%.

What was the net profit of VOLTAMP TRANSFORMERS in FY19? How does it compare to earlier years?

The net profit of VOLTAMP TRANSFORMERS stood at Rs 848 m in FY19, which was up 15.5% compared to Rs 735 m reported in FY18.

This compares to a net profit of Rs 722 m in FY17 and a net profit of Rs 440 m in FY16.

Over the past 5 years, VOLTAMP TRANSFORMERS net profit has grown at a CAGR of 31.5%.

What does the cash flow statement of VOLTAMP TRANSFORMERS 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 VOLTAMP TRANSFORMERS reveals:

  • Cash flow from operations decreased in FY19 and stood at Rs 325 m as compared to Rs 425 m in FY18.
  • Cash flow from investments increased in FY19 and stood at Rs -109 m as compared to Rs -202 m in FY18.
  • Cash flow from financial activity decreased in FY19 and stood at Rs -183 m as compared to Rs -182 m in FY18.

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

(Rs m)FY15FY16FY17FY18FY19
From Operations-102-12781425325
From Investments240119-600-202-109
From Financial Activity-118-122-158-182-183
Net Cashflow20-15244133

What does the Key Ratio analysis of VOLTAMP TRANSFORMERS 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 VOLTAMP TRANSFORMERS reveals:

  • Operating profit margins witnessed a fall and down at 11.4% in FY19 as against 10.8% in FY18.
  • Net profit margins declined from 11.7% in FY18 to 10.2% in FY19.
  • Debt to Equity ratio for FY19 stood at 0.0 as compared to 0.0 in FY18.

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

 FY15FY16FY17FY18FY19
Operating Profit Margin (%)4.27.310.910.811.4
Net Profit Margin (%)6.08.613.011.710.2
Debt to Equity Ratio (x)0.00.00.00.00.0

Read: Latest Annual Report Analysis of VOLTAMP TRANSFORMERS

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