ALL E TECHNOLOGIES 2023-24 Annual Report Analysis

Mon, 11 Nov

ALL E TECHNOLOGIES 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.

ALL E TECHNOLOGIES Income Statement Analysis

• Operating income during the year rose 32.7% on a year-on-year (YoY) basis.
• The company's operating profit increased by 63.4% YoY during the fiscal. Operating profit margins witnessed a fall and down at 17.2% in FY24 as against 14.0% in FY23.
• Depreciation charges increased by 46.8% and finance costs increased by 11.0% YoY, respectively.
• Other income grew by 92.1% YoY.
• Net profit for the year grew by 70.4% YoY.
• Net profit margins during the year grew from 13.2% in FY23 to 17.0% in FY24.

ALL E TECHNOLOGIES Income Statement 2023-24

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Net Sales	Rs m	877	1,163	32.7%
Other income	Rs m	38	73	92.1%
Total Revenues	Rs m	915	1,237	35.1%
Gross profit	Rs m	122	200	63.4%
Depreciation	Rs m	7	10	46.8%
Interest	Rs m	1	1	11.0%
Profit before tax	Rs m	153	262	71.7%
Tax	Rs m	37	65	75.7%
Profit after tax	Rs m	116	197	70.4%
Gross profit margin	%	14.0	17.2
Effective tax rate	%	24.1	24.7
Net profit margin	%	13.2	17.0

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

ALL E TECHNOLOGIES Balance Sheet Analysis

• The company's current liabilities during FY24 stood at Rs 297 million as compared to Rs 204 million in FY23, thereby witnessing an increase of 45.3%.
• Current assets rose 26% and stood at Rs 1 billion, while fixed assets rose 1% and stood at Rs 73 million in FY24.
• Overall, the total assets and liabilities for FY24 stood at Rs 2 billion as against Rs 1 billion during FY23, thereby witnessing a growth of 23%.

ALL E TECHNOLOGIES Balance Sheet as on March 2024

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Networth	Rs m	990	1,166	17.8
Current Liabilities	Rs m	204	297	45.3
Long-term Debt	Rs m	0	0	0.0
Total Liabilities	Rs m	1,236	1,517	22.8
Current assets	Rs m	1,121	1,409	25.7
Fixed Assets	Rs m	72	73	1.3
Total Assets	Rs m	1,236	1,517	22.8

ALL E TECHNOLOGIES Cash Flow Statement Analysis

• ALL E TECHNOLOGIES's cash flow from operating activities (CFO) during FY24 stood at Rs 161 million, an improvement of 16.7% on a YoY basis.
• Cash flow from investing activities (CFI) during FY24 stood at Rs -126 million on a YoY basis.
• Cash flow from financial activities (CFF) during FY24 stood at Rs -20 million on a YoY basis.
• Overall, net cash flows for the company during FY24 stood at Rs 15 million from the Rs 0 million net cash flows seen during FY23.

ALL E TECHNOLOGIES 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	138	161	16.7%
Cash Flow from Investing Activities	Rs m	-576	-126	-
Cash Flow from Financing Activities	Rs m	438	-20	-
Net Cash Flow	Rs m	0	15	5,037.9%

Current Valuations for ALL E TECHNOLOGIES

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 9.8, an improvement from the EPS of Rs 5.7 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 555.0, stands at 47.2 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 9.6 times, while the price to sales ratio stands at 9.6 times.
• The company's price to cash flow (P/CF) ratio stood at 20.7 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	43.4	57.6
TTM Earnings per share	Rs	5.7	9.8
Diluted earnings per share	Rs	5.7	9.8
Price to Cash Flow	x	0.0	20.7
TTM P/E ratio	x	0.0	47.2
Price / Book Value ratio	x	2.1	3.7
Market Cap	Rs m	2,047	4,299
Dividends per share (Unadj.)	Rs	1.0	1.0

Ratio Analysis for ALL E TECHNOLOGIES

• Solvency Ratios

Current Ratio: The company's current ratio deteriorated and stood at 4.7x during FY24, from 5.5x during FY23. 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 improved and stood at 237.1x during FY24, from 153.7x during FY23. 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 improved and stood at 16.9% during FY24, from 11.7% 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 22.6% during FY24, from 15.5% 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 13.1% during FY24, from 9.5% 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	5.5	4.7
Debtors’ Days	Days	484	460
Interest coverage	x	153.7	237.1
Debt to equity ratio	x	0.0	0.0
Return on assets	%	9.5	13.1
Return on equity	%	11.7	16.9
Return on capital employed	%	15.5	22.6

To see how ALL E TECHNOLOGIES has performed over the last 5 years, please visit here.

ALL E TECHNOLOGIES Share Price Performance

Over the last one year, ALL E TECHNOLOGIES share price has moved down from Rs 0.0 to Rs 0.0, registering a loss of Rs 0.0 or around 0.0%.

Meanwhile, the S&P BSE IT Index is trading at Rs 42,401.3 (up 1.0%). Over the last one year it has moved up from 31,248.7 to 42,401.3, a gain of 11,153 points (up 35.7%).

Overall, the NIFTY 50 is down 0.0% over the year.

(To know more, check out historical annual results for ALL E TECHNOLOGIES and quarterly results for ALL E TECHNOLOGIES)