INDIAN METALS 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 | 26,030 | 26,764 | 2.8% |
Other income | Rs m | 238 | 243 | 2.2% |
Total Revenues | Rs m | 26,267 | 27,007 | 2.8% |
Gross profit | Rs m | 8,031 | 4,728 | -41.1% |
Depreciation | Rs m | 1,102 | 1,073 | -2.7% |
Interest | Rs m | 590 | 659 | 11.8% |
Profit before tax | Rs m | 6,577 | 3,239 | -50.8% |
Tax | Rs m | 1,500 | 981 | -34.6% |
Profit after tax | Rs m | 5,077 | 2,258 | -55.5% |
Gross profit margin | % | 30.9 | 17.7 | |
Effective tax rate | % | 22.8 | 30.3 | |
Net profit margin | % | 19.5 | 8.4 |
Revealing Soon: A Potential Huge Investing Opportunity for Investors
No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | % Change | |
---|---|---|---|---|
Networth | Rs m | 17,154 | 18,729 | 9.2 |
Current Liabilities | Rs m | 8,580 | 6,652 | -22.5 |
Long-term Debt | Rs m | 95 | 54 | -43.0 |
Total Liabilities | Rs m | 28,215 | 26,535 | -6.0 |
Current assets | Rs m | 11,288 | 15,018 | 33.0 |
Fixed Assets | Rs m | 16,925 | 11,516 | -32.0 |
Total Assets | Rs m | 28,215 | 26,535 | -6.0 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Mar-22 | Mar-23 | ||
Cash Flow from Operating Activities | Rs m | 3,900 | 1,509 | -61.3% |
Cash Flow from Investing Activities | Rs m | -1,060 | 1,402 | - |
Cash Flow from Financing Activities | Rs m | -2,840 | -2,905 | - |
Net Cash Flow | Rs m | -1 | 7 | - |
No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 482.5 | 496.1 |
TTM Earnings per share | Rs | 94.1 | 41.8 |
Diluted earnings per share | Rs | 94.1 | 41.8 |
Price to Cash Flow | x | 3.6 | 6.0 |
TTM P/E ratio | x | 4.4 | 7.7 |
Price / Book Value ratio | x | 2.0 | 1.1 |
Market Cap | Rs m | 35,154 | 19,828 |
Dividends per share (Unadj.) | Rs | 12.5 | 10.0 |
Current Ratio: The company's current ratio improved and stood at 2.3x during FY23, from 1.3x 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 5.9x during FY23, from 12.2x 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 12.1% during FY23, from 29.6% 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 20.8% during FY23, from 41.5% 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 11.0% during FY23, from 20.1% 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 | 1.3 | 2.3 |
Debtors’ Days | Days | 2 | 1 |
Interest coverage | x | 12.2 | 5.9 |
Debt to equity ratio | x | 0.0 | 0.0 |
Return on assets | % | 20.1 | 11.0 |
Return on equity | % | 29.6 | 12.1 |
Return on capital employed | % | 41.5 | 20.8 |
To see how INDIAN METALS has performed over the last 5 years, please visit here.
Over the last one year, INDIAN METALS share price has moved up from Rs 257.2 to Rs 320.4, registering a gain of Rs 63.2 or around 24.6%.
Meanwhile, the S&P BSE METAL Index is trading at Rs 20,561.3 (up 0.3%). Over the last one year it has moved up from 15,612.5 to 20,561.3, a gain of 4,949 points (up 31.7%).
Overall, the S&P BSE SENSEX is up 21.7% over the year.
(To know more, check out historical annual results for INDIAN METALS and quarterly results for INDIAN METALS)
INDIAN METALS currently trades at Rs 709.9 per share. You can check out the latest share price performance of INDIAN METALS here...
The revenues of INDIAN METALS stood at Rs 27,007 m in FY23, which was up 2.8% compared to Rs 26,267 m reported in FY22.
INDIAN METALS' revenue has grown from Rs 16,530 m in FY19 to Rs 27,007 m in FY23.
Over the past 5 years, the revenue of INDIAN METALS has grown at a CAGR of 13.1%.
The net profit of INDIAN METALS stood at Rs 2,258 m in FY23, which was down -55.5% compared to Rs 5,077 m reported in FY22.
This compares to a net profit of Rs 1,670 m in FY21 and a net loss of Rs -660 m in FY20.
Over the past 5 years, INDIAN METALS 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 INDIAN METALS reveals:
Here's the cash flow statement of INDIAN METALS for the past 5 years.
(Rs m) | FY19 | FY20 | FY21 | FY22 | FY23 |
---|---|---|---|---|---|
From Operations | 2,166 | 2,205 | 2,071 | 3,900 | 1,509 |
From Investments | -310 | -497 | -1,062 | -1,060 | 1,402 |
From Financial Activity | -1,875 | -1,823 | -993 | -2,840 | -2,905 |
Net Cashflow | -15 | -111 | 21 | -1 | 7 |
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 INDIAN METALS reveals:
Here's the ratio/financial analysis of INDIAN METALS for the past 5 years.
FY19 | FY20 | FY21 | FY22 | FY23 | |
---|---|---|---|---|---|
Operating Profit Margin (%) | 11.7 | 5.5 | 17.8 | 30.9 | 17.7 |
Net Profit Margin (%) | 0.0 | -4.1 | 9.1 | 19.5 | 8.4 |
Debt to Equity Ratio (x) | 0.3 | 0.3 | 0.2 | 0.0 | 0.0 |
Equitymaster requests your view! Post a comment on "INDIAN METALS 2022-23 Annual Report Analysis". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!