AMRAPALI INDUSTRIES 2021-22 Annual Report Analysis

Tue, 20 Sep

AMRAPALI INDUSTRIES has announced its results for the year ended March 2022. Let us have a look at the detailed performance review of the company during FY21-22.

AMRAPALI INDUSTRIES Income Statement Analysis

• Operating income during the year rose 41.4% on a year-on-year (YoY) basis.
• The company's operating profit decreased by 43.5% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 0.0% in FY22 as against 0.0% in FY21.
• Depreciation charges decreased by 7.6% and finance costs decreased by 35.4% YoY, respectively.
• Other income declined by 61.0% YoY.
• Net profit for the year declined by NA YoY.
• Net profit margins during the year declined from 0.0% in FY21 to 0.0% in FY22.

AMRAPALI INDUSTRIES Income Statement 2021-22

No. of Mths Year Ending		12 Mar-21*	12 Mar-22*	% Change
Net Sales	Rs m	213,450	301,823	41.4%
Other income	Rs m	41	16	-61.0%
Total Revenues	Rs m	213,491	301,839	41.4%
Gross profit	Rs m	98	56	-43.5%
Depreciation	Rs m	18	17	-7.6%
Interest	Rs m	88	57	-35.4%
Profit before tax	Rs m	33	-2	NA
Tax	Rs m	9	2	-78.9%
Profit after tax	Rs m	24	-4	NA
Gross profit margin	%	0.0	0.0
Effective tax rate	%	26.5	-76.5
Net profit margin	%	0.0	0.0

Don't Miss: Key Information for Long-term Investors

AMRAPALI INDUSTRIES Balance Sheet Analysis

• The company's current liabilities during FY22 stood at Rs 1 billion as compared to Rs 783 million in FY21, thereby witnessing an increase of 67.9%.
• Current assets rose 100% and stood at Rs 1 billion, while fixed assets fell 20% and stood at Rs 396 million in FY22.
• Overall, the total assets and liabilities for FY22 stood at Rs 2 billion as against Rs 1 billion during FY21, thereby witnessing a growth of 47%.

AMRAPALI INDUSTRIES Balance Sheet as on March 2022

No. of Mths Year Ending		12 Mar-21*	12 Mar-22*	% Change
Networth	Rs m	302	298	-1.4
Current Liabilities	Rs m	783	1,314	67.9
Long-term Debt	Rs m	0	0	0.0
Total Liabilities	Rs m	1,117	1,645	47.3
Current assets	Rs m	625	1,250	99.9
Fixed Assets	Rs m	491	396	-19.5
Total Assets	Rs m	1,117	1,645	47.3

AMRAPALI INDUSTRIES Cash Flow Statement Analysis

• AMRAPALI INDUSTRIES's cash flow from operating activities (CFO) during FY22 stood at Rs -41 million on a YoY basis.
• Cash flow from investing activities (CFI) during FY22 stood at Rs 23 million, an improvement of 25.4% on a YoY basis.
• Cash flow from financial activities (CFF) during FY22 stood at Rs 13 million on a YoY basis.
• Overall, net cash flows for the company during FY22 stood at Rs -4 million from the Rs 73 million net cash flows seen during FY21.

AMRAPALI INDUSTRIES Cash Flow Statement 2021-22

Particulars	No. of months	12	12	% Change
	Year Ending	Mar-21	Mar-22
Cash Flow from Operating Activities	Rs m	-361	-41	-
Cash Flow from Investing Activities	Rs m	19	23	25.4%
Cash Flow from Financing Activities	Rs m	415	13	-96.8%
Net Cash Flow	Rs m	73	-4	-

Current Valuations for AMRAPALI INDUSTRIES

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs -0.1, an decline from the EPS of Rs 0.5 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 15.2, stands at -250.6 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 2.6 times, while the price to sales ratio stands at 0.0 times.
• The company's price to cash flow (P/CF) ratio stood at 68.3 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending		12 Mar-21*	12 Mar-22*
Sales per share (Unadj.)	Rs	4,151.9	5,870.9
TTM Earnings per share	Rs	0.5	-0.1
Diluted earnings per share	Rs	0.5	-0.1
Price to Cash Flow	x	5.6	68.3
TTM P/E ratio	x	9.8	-250.6
Price / Book Value ratio	x	0.7	2.9
Market Cap	Rs m	211	857
Dividends per share (Unadj.)	Rs	0.0	0.0

Ratio Analysis for AMRAPALI INDUSTRIES

• Solvency Ratios

Current Ratio: The company's current ratio improved and stood at 1.0x during FY22, from 0.8x during FY21. 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 1.0x during FY22, from 1.4x during FY21. 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.

• Profitability Ratios

Return on Equity (ROE): The ROE for the company declined and down at -1.4% during FY22, from 7.9% during FY22. 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 18.4% during FY22, from 40.1% during FY21. 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 3.2% during FY22, from 10.1% during FY21. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending		12 Mar-21*	12 Mar-22*
Current ratio	x	0.8	1.0
Debtors’ Days	Days	0	0
Interest coverage	x	1.4	1.0
Debt to equity ratio	x	0.0	0.0
Return on assets	%	10.1	3.2
Return on equity	%	7.9	-1.4
Return on capital employed	%	40.1	18.4

To see how AMRAPALI INDUSTRIES has performed over the last 5 years, please visit here.

AMRAPALI INDUSTRIES Share Price Performance

Over the last one year, AMRAPALI INDUSTRIES share price has moved up from Rs 10.2 to Rs 15.2, registering a gain of Rs 4.9 or around 48.3%.

Overall, the S&P BSE SENSEX is up 1.5% over the year.

(To know more, check out historical annual results for AMRAPALI INDUSTRIES and quarterly results for AMRAPALI INDUSTRIES)