VST TILLERS 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 | 8,539 | 10,064 | 17.9% |
Other income | Rs m | 341 | 249 | -26.8% |
Total Revenues | Rs m | 8,880 | 10,314 | 16.2% |
Gross profit | Rs m | 1,247 | 1,279 | 2.5% |
Depreciation | Rs m | 250 | 269 | 7.6% |
Interest | Rs m | 16 | 20 | 22.0% |
Profit before tax | Rs m | 1,322 | 1,239 | -6.2% |
Tax | Rs m | 329 | 316 | -3.9% |
Profit after tax | Rs m | 993 | 924 | -7.0% |
Gross profit margin | % | 14.6 | 12.7 | |
Effective tax rate | % | 24.9 | 25.5 | |
Net profit margin | % | 11.6 | 9.2 |
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No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | % Change | |
---|---|---|---|---|
Networth | Rs m | 7,495 | 8,245 | 10.0 |
Current Liabilities | Rs m | 1,737 | 2,207 | 27.1 |
Long-term Debt | Rs m | 0 | 0 | 0.0 |
Total Liabilities | Rs m | 9,661 | 10,908 | 12.9 |
Current assets | Rs m | 5,982 | 7,245 | 21.1 |
Fixed Assets | Rs m | 3,679 | 3,663 | -0.4 |
Total Assets | Rs m | 9,661 | 10,908 | 12.9 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Mar-22 | Mar-23 | ||
Cash Flow from Operating Activities | Rs m | 1,248 | 364 | -70.8% |
Cash Flow from Investing Activities | Rs m | -1,096 | -316 | - |
Cash Flow from Financing Activities | Rs m | -188 | -191 | - |
Net Cash Flow | Rs m | -36 | -143 | - |
No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 988.3 | 1,164.8 |
TTM Earnings per share | Rs | 114.9 | 106.9 |
Diluted earnings per share | Rs | 114.9 | 106.9 |
Price to Cash Flow | x | 16.7 | 17.9 |
TTM P/E ratio | x | 20.9 | 22.3 |
Price / Book Value ratio | x | 3.0 | 2.6 |
Market Cap | Rs m | 22,374 | 21,348 |
Dividends per share (Unadj.) | Rs | 20.0 | 25.0 |
Current Ratio: The company's current ratio deteriorated and stood at 3.3x during FY23, from 3.4x 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 64.4x during FY23, from 83.5x 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 11.2% during FY23, from 13.2% 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 15.3% during FY23, from 17.8% 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 8.6% during FY23, from 10.4% 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 | 3.4 | 3.3 |
Debtors’ Days | Days | 289 | 541 |
Interest coverage | x | 83.5 | 64.4 |
Debt to equity ratio | x | 0.0 | 0.0 |
Return on assets | % | 10.4 | 8.6 |
Return on equity | % | 13.2 | 11.2 |
Return on capital employed | % | 17.8 | 15.3 |
To see how VST TILLERS has performed over the last 5 years, please visit here.
Over the last one year, VST TILLERS share price has moved up from Rs 2,396.7 to Rs 2,978.2, registering a gain of Rs 581.5 or around 24.3%.
Meanwhile, the S&P BSE AUTO Index is trading at Rs 35,149.4 (down 0.1%). Over the last one year it has moved up from 30,281.4 to 35,149.4, a gain of 4,868 points (up 16.1%).
Overall, the S&P BSE SENSEX is up 8.9% over the year.
(To know more, check out historical annual results for VST TILLERS and quarterly results for VST TILLERS)
VST TILLERS currently trades at Rs 3,533.0 per share. You can check out the latest share price performance of VST TILLERS here...
The revenues of VST TILLERS stood at Rs 10,314 m in FY23, which was up 16.2% compared to Rs 8,880 m reported in FY22.
VST TILLERS' revenue has grown from Rs 6,597 m in FY19 to Rs 10,314 m in FY23.
Over the past 5 years, the revenue of VST TILLERS has grown at a CAGR of 11.8%.
The net profit of VST TILLERS stood at Rs 924 m in FY23, which was down -7.0% compared to Rs 993 m reported in FY22.
This compares to a net profit of Rs 908 m in FY21 and a net profit of Rs 180 m in FY20.
Over the past 5 years, VST TILLERS net profit has grown at a CAGR of 19.0%.
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 VST TILLERS reveals:
Here's the cash flow statement of VST TILLERS for the past 5 years.
(Rs m) | FY19 | FY20 | FY21 | FY22 | FY23 |
---|---|---|---|---|---|
From Operations | 432 | 723 | 1,552 | 1,248 | 364 |
From Investments | 110 | -330 | -1,480 | -1,096 | -316 |
From Financial Activity | -540 | -327 | -15 | -188 | -191 |
Net Cashflow | 2 | 66 | 57 | -36 | -143 |
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 VST TILLERS reveals:
Here's the ratio/financial analysis of VST TILLERS for the past 5 years.
FY19 | FY20 | FY21 | FY22 | FY23 | |
---|---|---|---|---|---|
Operating Profit Margin (%) | 7.3 | 3.2 | 12.1 | 14.6 | 12.7 |
Net Profit Margin (%) | 7.5 | 3.3 | 11.9 | 11.6 | 9.2 |
Debt to Equity Ratio (x) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
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