V-MART RETAIL 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.
No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | % Change | |
---|---|---|---|---|
Net Sales | Rs m | 16,662 | 24,648 | 47.9% |
Other income | Rs m | 140 | 150 | 7.2% |
Total Revenues | Rs m | 16,801 | 24,798 | 47.6% |
Gross profit | Rs m | 2,091 | 2,766 | 32.2% |
Depreciation | Rs m | 1,307 | 1,800 | 37.7% |
Interest | Rs m | 820 | 1,246 | 51.9% |
Profit before tax | Rs m | 104 | -130 | NA |
Tax | Rs m | -12 | -52 | NA |
Profit after tax | Rs m | 116 | -78 | NA |
Gross profit margin | % | 12.6 | 11.2 | |
Effective tax rate | % | -12.0 | 39.7 | |
Net profit margin | % | 0.7 | -0.3 |
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No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | % Change | |
---|---|---|---|---|
Networth | Rs m | 8,390 | 8,362 | -0.3 |
Current Liabilities | Rs m | 3,961 | 7,733 | 95.2 |
Long-term Debt | Rs m | 0 | 0 | 0.0 |
Total Liabilities | Rs m | 20,609 | 26,895 | 30.5 |
Current assets | Rs m | 8,983 | 10,577 | 17.7 |
Fixed Assets | Rs m | 11,625 | 16,317 | 40.4 |
Total Assets | Rs m | 20,609 | 26,895 | 30.5 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Mar-22 | Mar-23 | ||
Cash Flow from Operating Activities | Rs m | -113 | 1,808 | - |
Cash Flow from Investing Activities | Rs m | 1,237 | -1,586 | - |
Cash Flow from Financing Activities | Rs m | -1,045 | -374 | - |
Net Cash Flow | Rs m | 80 | -152 | - |
No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 843.6 | 1,246.8 |
TTM Earnings per share | Rs | 5.9 | -4.0 |
Diluted earnings per share | Rs | 5.9 | -4.0 |
Price to Cash Flow | x | 55.2 | 35.1 |
TTM P/E ratio | x | 674.8 | -85.3 |
Price / Book Value ratio | x | 8.4 | 7.2 |
Market Cap | Rs m | 70,267 | 60,421 |
Dividends per share (Unadj.) | Rs | 0.8 | 0.0 |
Current Ratio: The company's current ratio deteriorated and stood at 1.4x during FY23, from 2.3x 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 deteriorated and stood at 0.9x during FY23, from 1.1x 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.
Return on Equity (ROE): The ROE for the company declined and down at -0.9% during FY23, from 1.4% 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 improved and stood at 13.3% during FY23, from 11.0% 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 4.3% during FY23, from 4.5% during FY22. The ROA measures how efficiently the company uses its assets to generate earnings.
No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | |
---|---|---|---|
Current ratio | x | 2.3 | 1.4 |
Debtors’ Days | Days | 0 | 0 |
Interest coverage | x | 1.1 | 0.9 |
Debt to equity ratio | x | 0.0 | 0.0 |
Return on assets | % | 4.5 | 4.3 |
Return on equity | % | 1.4 | -0.9 |
Return on capital employed | % | 11.0 | 13.3 |
To see how V-MART RETAIL has performed over the last 5 years, please visit here.
Over the last one year, V-MART RETAIL share price has moved down from Rs 2,950.3 to Rs 2,166.3, registering a loss of Rs 784.1 or around 26.6%.
Overall, the S&P BSE SENSEX is up 8.3% over the year.
(To know more, check out historical annual results for V-MART RETAIL and quarterly results for V-MART RETAIL)
V-MART RETAIL currently trades at Rs 2,162.0 per share. You can check out the latest share price performance of V-MART RETAIL here...
The revenues of V-MART RETAIL stood at Rs 24,798 m in FY23, which was up 47.6% compared to Rs 16,801 m reported in FY22.
V-MART RETAIL's revenue has grown from Rs 14,397 m in FY19 to Rs 24,798 m in FY23.
Over the past 5 years, the revenue of V-MART RETAIL has grown at a CAGR of 14.6%.
The net loss of V-MART RETAIL stood at Rs -78 m in FY23, which was NA compared to Rs 116 m reported in FY22.
This compares to a net loss of Rs -62 m in FY21 and a net profit of Rs 493 m in FY20.
Over the past 5 years, V-MART RETAIL net profit has grown at a CAGR of NaN%.
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 V-MART RETAIL reveals:
Here's the cash flow statement of V-MART RETAIL for the past 5 years.
(Rs m) | FY19 | FY20 | FY21 | FY22 | FY23 |
---|---|---|---|---|---|
From Operations | 763 | 863 | 1,493 | -113 | 1,808 |
From Investments | -734 | 5 | -4,188 | 1,237 | -1,586 |
From Financial Activity | -44 | -943 | 2,869 | -1,045 | -374 |
Net Cashflow | -14 | -75 | 174 | 80 | -152 |
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 V-MART RETAIL reveals:
Here's the ratio/financial analysis of V-MART RETAIL for the past 5 years.
FY19 | FY20 | FY21 | FY22 | FY23 | |
---|---|---|---|---|---|
Operating Profit Margin (%) | 8.9 | 13.2 | 12.6 | 12.6 | 11.2 |
Net Profit Margin (%) | 4.3 | 3.0 | -0.6 | 0.7 | -0.3 |
Debt to Equity Ratio (x) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
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1 Responses to "V-MART RETAIL 2022-23 Annual Report Analysis"
anjali goyal
Jan 14, 2024i have research on financial analysis of vmart so i have this report.