AAYUSH WELLNESS 2023-24 Annual Report Analysis

Wed, 27 Nov

AAYUSH WELLNESS has announced its results for the year ended March 2024. Let us have a look at the detailed performance review of the company during FY23-24.

AAYUSH WELLNESS Income Statement Analysis

• Operating income during the year fell 92.6% on a year-on-year (YoY) basis.
• The company's operating profit was by NA YoY during the fiscal. Operating profit margins witnessed a fall and down at 59.4% in FY24 as against 9.9% in FY23.
• Depreciation charges decreased by 93.3% and finance costs decreased by 100.0% YoY, respectively.
• Other income declined by 56.8% YoY.
• Net profit for the year declined by NA YoY.
• Net profit margins during the year grew from 4.2% in FY23 to 94.8% in FY24.

AAYUSH WELLNESS Income Statement 2023-24

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Net Sales	Rs m	81	6	-92.6%
Other income	Rs m	5	2	-56.8%
Total Revenues	Rs m	86	8	-90.3%
Gross profit	Rs m	-8	4	NA
Depreciation	Rs m	0	0	-93.3%
Interest	Rs m	1	0	-100.0%
Profit before tax	Rs m	-3	6	NA
Tax	Rs m	0	0	NA
Profit after tax	Rs m	-3	6	NA
Gross profit margin	%	-9.9	59.4
Effective tax rate	%	0.9	3.5
Net profit margin	%	-4.2	94.8

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AAYUSH WELLNESS Balance Sheet Analysis

• The company's current liabilities during FY24 down at Rs 1 million as compared to Rs 1 million in FY23, thereby witnessing an decrease of -10.3%.
• Current assets fell 80% and stood at Rs 6 million, while fixed assets rose 170% and stood at Rs 45 million in FY24.
• Overall, the total assets and liabilities for FY24 stood at Rs 50 million as against Rs 45 million during FY23, thereby witnessing a growth of 12%.

AAYUSH WELLNESS Balance Sheet as on March 2024

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Networth	Rs m	44	49	11.5
Current Liabilities	Rs m	1	1	-10.3
Long-term Debt	Rs m	0	0	0.0
Total Liabilities	Rs m	45	50	11.9
Current assets	Rs m	28	6	-80.1
Fixed Assets	Rs m	17	45	169.9
Total Assets	Rs m	45	50	11.9

AAYUSH WELLNESS Cash Flow Statement Analysis

• AAYUSH WELLNESS's cash flow from operating activities (CFO) during FY24 stood at Rs -6 million on a YoY basis.
• Cash flow from investing activities (CFI) during FY24 stood at Rs 0 million on a YoY basis.
• Cash flow from financial activities (CFF) during FY24 stood at Rs 0 million, an improvement of 100% on a YoY basis.
• Overall, net cash flows for the company during FY24 stood at Rs -6 million from the Rs -2 million net cash flows seen during FY23.

AAYUSH WELLNESS Cash Flow Statement 2023-24

Particulars	No. of months	12	12	% Change
	Year Ending	Mar-23	Mar-24
Cash Flow from Operating Activities	Rs m	46	-6	-
Cash Flow from Investing Activities	Rs m	2	0	-100.0%
Cash Flow from Financing Activities	Rs m	-49	0	-
Net Cash Flow	Rs m	-2	-6	-

Current Valuations for AAYUSH WELLNESS

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 1.8, an improvement from the EPS of Rs -1.1 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 145.5, stands at 342.3 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 96.0 times, while the price to sales ratio stands at 78.4 times.
• The company's price to cash flow (P/CF) ratio stood at 5.5 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*
Sales per share (Unadj.)	Rs	24.9	1.9
TTM Earnings per share	Rs	-1.1	1.8
Diluted earnings per share	Rs	-0.1	0.2
Price to Cash Flow	x	-20.8	5.5
TTM P/E ratio	x	-19.1	342.3
Price / Book Value ratio	x	1.8	0.6
Market Cap	Rs m	80	32
Dividends per share (Unadj.)	Rs	0.0	0.0

Ratio Analysis for AAYUSH WELLNESS

• Solvency Ratios

Current Ratio: The company's current ratio deteriorated and stood at 8.0x during FY24, from 36.3x during FY23. The current ratio measures the company's ability to pay short-term and long-term obligations.

• Profitability Ratios

Return on Equity (ROE): The ROE for the company improved and stood at 11.6% during FY24, from -7.8% during FY24. 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 12.1% during FY24, from -6.4% during FY23. 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 11.4% during FY24, from -6.3% during FY23. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*
Current ratio	x	36.3	8.0
Debtors’ Days	Days	595	120
Interest coverage	x	-4.5	0.0
Debt to equity ratio	x	0.0	0.0
Return on assets	%	-6.3	11.4
Return on equity	%	-7.8	11.6
Return on capital employed	%	-6.4	12.1

To see how AAYUSH WELLNESS has performed over the last 5 years, please visit here.

AAYUSH WELLNESS Share Price Performance

Over the last one year, AAYUSH WELLNESS share price has moved up from Rs 3.2 to Rs 145.5, registering a gain of Rs 142.3 or around 4445.3%.

Overall, the S&P BSE SENSEX is up 21.3% over the year.

(To know more, check out historical annual results for AAYUSH WELLNESS and quarterly results for AAYUSH WELLNESS)