PRAJ IND.LTD 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 | 22,228 | 35,818 | 61.1% |
Other income | Rs m | 362 | 458 | 26.6% |
Total Revenues | Rs m | 22,590 | 36,276 | 60.6% |
Gross profit | Rs m | 1,938 | 3,078 | 58.8% |
Depreciation | Rs m | 226 | 302 | 33.9% |
Interest | Rs m | 25 | 46 | 84.6% |
Profit before tax | Rs m | 2,049 | 3,187 | 55.6% |
Tax | Rs m | 546 | 789 | 44.4% |
Profit after tax | Rs m | 1,502 | 2,398 | 59.6% |
Gross profit margin | % | 8.7 | 8.6 | |
Effective tax rate | % | 26.7 | 24.8 | |
Net profit margin | % | 6.8 | 6.7 |
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No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | % Change | |
---|---|---|---|---|
Networth | Rs m | 9,128 | 10,753 | 17.8 |
Current Liabilities | Rs m | 12,696 | 15,005 | 18.2 |
Long-term Debt | Rs m | 0 | 0 | 0.0 |
Total Liabilities | Rs m | 22,158 | 26,075 | 17.7 |
Current assets | Rs m | 18,455 | 21,820 | 18.2 |
Fixed Assets | Rs m | 3,703 | 4,255 | 14.9 |
Total Assets | Rs m | 22,158 | 26,075 | 17.7 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Mar-22 | Mar-23 | ||
Cash Flow from Operating Activities | Rs m | 1,877 | 1,621 | -13.6% |
Cash Flow from Investing Activities | Rs m | -1,397 | -844 | - |
Cash Flow from Financing Activities | Rs m | -444 | -934 | - |
Net Cash Flow | Rs m | 63 | -89 | - |
No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 121.0 | 195.0 |
TTM Earnings per share | Rs | 8.2 | 13.1 |
Diluted earnings per share | Rs | 8.2 | 13.1 |
Price to Cash Flow | x | 42.3 | 25.5 |
TTM P/E ratio | x | 48.7 | 28.4 |
Price / Book Value ratio | x | 6.3 | 6.4 |
Market Cap | Rs m | 57,949 | 68,943 |
Dividends per share (Unadj.) | Rs | 4.2 | 4.5 |
Current Ratio: The company's current ratio improved and stood at 1.5x during FY23, from 1.5x 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 69.9x during FY23, from 82.7x 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 improved and stood at 22.3% during FY23, from 16.5% 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 30.1% during FY23, from 22.7% 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 improved and stood at 9.4% during FY23, from 6.9% 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 | 1.5 | 1.5 |
Debtors’ Days | Days | 84 | 81 |
Interest coverage | x | 82.7 | 69.9 |
Debt to equity ratio | x | 0.0 | 0.0 |
Return on assets | % | 6.9 | 9.4 |
Return on equity | % | 16.5 | 22.3 |
Return on capital employed | % | 22.7 | 30.1 |
To see how PRAJ IND.LTD has performed over the last 5 years, please visit here.
Over the last one year, PRAJ IND.LTD share price has moved up from Rs 360.3 to Rs 371.0, registering a gain of Rs 10.8 or around 3.0%.
Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 40,749.7 (up 0.5%). Over the last one year it has moved up from 26,241.6 to 40,749.7, a gain of 14,508 points (up 55.3%).
Overall, the S&P BSE SENSEX is up 22.9% over the year.
(To know more, check out historical annual results for PRAJ IND.LTD and quarterly results for PRAJ IND.LTD)
PRAJ IND.LTD currently trades at Rs 540.1 per share. You can check out the latest share price performance of PRAJ IND.LTD here...
The revenues of PRAJ IND.LTD stood at Rs 36,276 m in FY23, which was up 60.6% compared to Rs 22,590 m reported in FY22.
PRAJ IND.LTD's revenue has grown from Rs 11,085 m in FY19 to Rs 36,276 m in FY23.
Over the past 5 years, the revenue of PRAJ IND.LTD has grown at a CAGR of 34.5%.
The net profit of PRAJ IND.LTD stood at Rs 2,398 m in FY23, which was up 59.6% compared to Rs 1,502 m reported in FY22.
This compares to a net profit of Rs 811 m in FY21 and a net profit of Rs 704 m in FY20.
Over the past 5 years, PRAJ IND.LTD net profit has grown at a CAGR of 36.9%.
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 PRAJ IND.LTD reveals:
Here's the cash flow statement of PRAJ IND.LTD for the past 5 years.
(Rs m) | FY19 | FY20 | FY21 | FY22 | FY23 |
---|---|---|---|---|---|
From Operations | 330 | 147 | 2,251 | 1,877 | 1,621 |
From Investments | -59 | 621 | -1,643 | -1,397 | -844 |
From Financial Activity | -434 | -980 | -63 | -444 | -934 |
Net Cashflow | -137 | -177 | 553 | 63 | -89 |
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 PRAJ IND.LTD reveals:
Here's the ratio/financial analysis of PRAJ IND.LTD for the past 5 years.
FY19 | FY20 | FY21 | FY22 | FY23 | |
---|---|---|---|---|---|
Operating Profit Margin (%) | 7.4 | 7.1 | 8.6 | 8.7 | 8.6 |
Net Profit Margin (%) | 6.3 | 6.4 | 6.2 | 6.8 | 6.7 |
Debt to Equity Ratio (x) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
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1 Responses to "PRAJ IND.LTD 2022-23 Annual Report Analysis"
Vivek patil
Sep 18, 2023Short & sweet analysis. Also very
Meaningful. Thanks a lot.