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?  

VOLTAMP TRANSFORMERS 2020-21 Annual Report Analysis
Wed, 31 Mar

VOLTAMP TRANSFORMERS 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.

VOLTAMP TRANSFORMERS Income Statement Analysis

  • Operating income during the year fell 19.4% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 25.8% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 11.2% in FY21 as against 12.2% in FY20.
  • Depreciation charges decreased by 1.6% and finance costs decreased by 17.0% YoY, respectively.
  • Other income grew by 291.8% YoY.
  • Net profit for the year grew by 25.6% YoY.
  • Net profit margins during the year grew from 10.4% in FY20 to 16.2% in FY21.

VOLTAMP TRANSFORMERS Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 8,586 6,923 -19.4%
Other income Rs m 184 723 291.8%
Total Revenues Rs m 8,770 7,646 -12.8%
Gross profit Rs m 1,046 776 -25.8%
Depreciation Rs m 90 89 -1.6%
Interest Rs m 7 6 -17.0%
Profit before tax Rs m 1,134 1,405 23.9%
Tax Rs m 240 282 17.8%
Profit after tax Rs m 894 1,122 25.6%
Gross profit margin % 12.2 11.2
Effective tax rate % 21.2 20.1
Net profit margin % 10.4 16.2
* 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 FY21 stood at Rs 653 million as compared to Rs 606 million in FY20, thereby witnessing an increase of 7.7%.
  • Current assets rose 13% and stood at Rs 4 billion, while fixed assets rose 11% and stood at Rs 5 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 9 billion as against Rs 8 billion during FY20, thereby witnessing a growth of 12%.

VOLTAMP TRANSFORMERS Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 7,482 8,341 11.5
 
Current Liabilities Rs m 606 653 7.7
Long-term Debt Rs m 0 0 0.0
Total Liabilities Rs m 8,143 9,100 11.8
 
Current assets Rs m 3,186 3,612 13.4
Fixed Assets Rs m 4,957 5,489 10.7
Total Assets Rs m 8,143 9,100 11.8
* 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 FY21 stood at Rs 188 million on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs 207 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -253 million, an improvement of 8% on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs 143 million from the Rs -54 million net cash flows seen during FY20.

VOLTAMP TRANSFORMERS 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 1,078 188 -82.6%
Cash Flow from Investing Activities Rs m -857 207 -
Cash Flow from Financing Activities Rs m -275 -253 -
Net Cash Flow Rs m -54 143 -
* 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 110.9, an improvement from the EPS of Rs 88.3 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 1,096.0, stands at 9.9 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 1.3 times, while the price to sales ratio stands at 1.6 times.
  • The company's price to cash flow (P/CF) ratio stood at 9.0 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 848.4 684.1
TTM Earnings per share Rs 88.3 110.9
Diluted earnings per share Rs 88.3 110.9
Price to Cash Flow x 9.1 9.0
TTM P/E ratio x 10.0 9.9
Price / Book Value ratio x 1.5 1.3
Market Cap Rs m 11,053 10,933
Dividends per share (Unadj.) Rs 25.0 25.0
* 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 improved and stood at 5.5x during FY21, from 5.3x during FY20. 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 234.3x during FY21, from 157.4x during FY20. 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 13.5% during FY21, from 11.9% 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 improved and stood at 16.9% during FY21, from 15.2% 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 improved and stood at 12.4% during FY21, from 11.1% 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 5.3 5.5
Debtors’ Days Days 639 900
Interest coverage x 157.4 234.3
Debt to equity ratio x 0.0 0.0
Return on assets % 11.1 12.4
Return on equity % 11.9 13.5
Return on capital employed % 15.2 16.9
* 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 885.0 to Rs 1,096.0, registering a gain of Rs 211.0 or around 23.8%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 21,095.8 (down 0.4%). Over the last one year it has moved up from 10,979.5 to 21,095.8, a gain of 10,116 points (up 92.1%).

Overall, the S&P BSE SENSEX is up 74.1% 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 9,497.3 per share. You can check out the latest share price performance of VOLTAMP TRANSFORMERS here...

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

The revenues of VOLTAMP TRANSFORMERS stood at Rs 7,646 m in FY21, which was down -12.8% compared to Rs 8,770 m reported in FY20.

VOLTAMP TRANSFORMERS' revenue has grown from Rs 5,930 m in FY17 to Rs 7,646 m in FY21.

Over the past 5 years, the revenue of VOLTAMP TRANSFORMERS has grown at a CAGR of 6.6%.

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

The net profit of VOLTAMP TRANSFORMERS stood at Rs 1,122 m in FY21, which was up 25.6% compared to Rs 894 m reported in FY20.

This compares to a net profit of Rs 848 m in FY19 and a net profit of Rs 735 m in FY18.

Over the past 5 years, VOLTAMP TRANSFORMERS net profit has grown at a CAGR of 11.7%.

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 FY21 and stood at Rs 188 m as compared to Rs 1,078 m in FY20.
  • Cash flow from investments increased in FY21 and stood at Rs 207 m as compared to Rs -857 m in FY20.
  • Cash flow from financial activity increased in FY21 and stood at Rs -253 m as compared to Rs -275 m in FY20.

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

(Rs m)FY17FY18FY19FY20FY21
From Operations7814253251,078188
From Investments-600-202-109-857207
From Financial Activity-158-182-183-275-253
Net Cashflow244133-54143

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 stood at 11.2% in FY21 as against 12.2% in FY20.
  • Net profit margins grew from 10.4% in FY20 to 16.2% 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 VOLTAMP TRANSFORMERS for the past 5 years.

 FY17FY18FY19FY20FY21
Operating Profit Margin (%)10.910.811.412.211.2
Net Profit Margin (%)13.011.710.210.416.2
Debt to Equity Ratio (x)0.00.00.00.00.0

Read: Latest Annual Report Analysis of VOLTAMP TRANSFORMERS

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