ASIAN PAINTS has announced its results for the year ended March 2018. Let us have a look at the detailed performance review of the company during FY17-18.
No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | % Change | |
---|---|---|---|---|
Net Sales | Rs m | 137,082 | 164,687 | 20.1% |
Other income | Rs m | 2,624 | 2,881 | 9.8% |
Total Revenues | Rs m | 139,706 | 167,568 | 19.9% |
Gross profit | Rs m | 30,243 | 32,071 | 6.0% |
Depreciation | Rs m | 3,348 | 3,605 | 7.7% |
Interest | Rs m | 373 | 415 | 11.1% |
Profit before tax | Rs m | 29,146 | 30,933 | 6.1% |
Tax | Rs m | 9,480 | 10,416 | 9.9% |
Profit after tax | Rs m | 19,666 | 20,517 | 4.3% |
Gross profit margin | % | 22.1 | 19.5 | |
Effective tax rate | % | 32.5 | 33.7 | |
Net profit margin | % | 14.3 | 12.5 |
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No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | % Change | |
---|---|---|---|---|
Networth | Rs m | 76,039 | 84,102 | 10.6 |
Current Liabilities | Rs m | 38,849 | 44,511 | 14.6 |
Long-term Debt | Rs m | 411 | 283 | -31.0 |
Total Liabilities | Rs m | 124,052 | 137,635 | 10.9 |
Current assets | Rs m | 69,657 | 69,141 | -0.7 |
Fixed Assets | Rs m | 54,395 | 68,494 | 25.9 |
Total Assets | Rs m | 124,052 | 137,635 | 10.9 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Mar-17 | Mar-18 | ||
Cash Flow from Operating Activities | Rs m | 15,273 | 21,134 | 38.4% |
Cash Flow from Investing Activities | Rs m | -6,561 | -15,993 | - |
Cash Flow from Financing Activities | Rs m | -7,564 | -13,791 | - |
Net Cash Flow | Rs m | 898 | -8,218 | - |
No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 142.9 | 171.7 |
TTM Earnings per share | Rs | 20.5 | 21.4 |
Diluted earnings per share | Rs | 20.5 | 21.4 |
Price to Cash Flow | x | 44.6 | 45.6 |
TTM P/E ratio | x | 51.2 | 54.0 |
Price / Book Value ratio | x | 13.1 | 13.1 |
Market Cap | Rs m | 994,256 | 1,100,775 |
Dividends per share (Unadj.) | Rs | 10.3 | 8.7 |
Current Ratio: The company's current ratio deteriorated and stood at 1.6x during FY18, from 1.8x during FY17. 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 75.6x during FY18, from 79.1x during FY17. 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 24.4% during FY18, from 25.9% during FY18. 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 37.1% during FY18, from 38.6% during FY17. 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 15.2% during FY18, from 16.2% during FY17. The ROA measures how efficiently the company uses its assets to generate earnings.
No. of Mths Year Ending | 12 Mar-17* | 12 Mar-18* | |
---|---|---|---|
Current ratio | x | 1.8 | 1.6 |
Debtors’ Days | Days | 4 | 4 |
Interest coverage | x | 79.1 | 75.6 |
Debt to equity ratio | x | 0.0 | 0.0 |
Return on assets | % | 16.2 | 15.2 |
Return on equity | % | 25.9 | 24.4 |
Return on capital employed | % | 38.6 | 37.1 |
To see how ASIAN PAINTS has performed over the last 5 years, please visit here.
Over the last one year, ASIAN PAINTS share price has moved up from Rs 1,071.2 to Rs 1,120.7, registering a gain of Rs 49.5 or around 4.6%.
Overall, the S&P BSE SENSEX is up 12.1% over the year.
(To know more, check out historical annual results for ASIAN PAINTS and quarterly results for ASIAN PAINTS)
ASIAN PAINTS currently trades at Rs 2,806.9 per share. You can check out the latest share price performance of ASIAN PAINTS here...
The revenues of ASIAN PAINTS stood at Rs 167,568 m in FY18, which was up 19.9% compared to Rs 139,706 m reported in FY17.
ASIAN PAINTS' revenue has grown from Rs 115,416 m in FY14 to Rs 167,568 m in FY18.
Over the past 5 years, the revenue of ASIAN PAINTS has grown at a CAGR of 9.8%.
The net profit of ASIAN PAINTS stood at Rs 20,517 m in FY18, which was up 4.3% compared to Rs 19,666 m reported in FY17.
This compares to a net profit of Rs 17,694 m in FY16 and a net profit of Rs 14,273 m in FY15.
Over the past 5 years, ASIAN PAINTS net profit has grown at a CAGR of 12.9%.
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 ASIAN PAINTS reveals:
Here's the cash flow statement of ASIAN PAINTS for the past 5 years.
(Rs m) | FY14 | FY15 | FY16 | FY17 | FY18 |
---|---|---|---|---|---|
From Operations | 14,020 | 11,877 | 22,430 | 15,273 | 21,134 |
From Investments | -6,052 | -4,778 | -8,663 | -6,561 | -15,993 |
From Financial Activity | -6,259 | -5,761 | -8,490 | -7,564 | -13,791 |
Net Cashflow | 1,901 | 1,466 | 5,278 | 898 | -8,218 |
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 ASIAN PAINTS reveals:
Here's the ratio/financial analysis of ASIAN PAINTS for the past 5 years.
FY14 | FY15 | FY16 | FY17 | FY18 | |
---|---|---|---|---|---|
Operating Profit Margin (%) | 17.5 | 17.4 | 21.5 | 22.1 | 19.5 |
Net Profit Margin (%) | 11.1 | 11.2 | 13.9 | 14.3 | 12.5 |
Debt to Equity Ratio (x) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Read: Latest Annual Report Analysis of ASIAN PAINTS
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1 Responses to "ASIAN PAINTS 2017-18 Annual Report Analysis"
akshay kakade
Jul 17, 2020This is very helpful content. It has the dept what an equity analyst needs and the simplicity that a newbie would understand.