ALMONDZ GLO. 2023-24 Annual Report Analysis

Thu, 21 Nov

ALMONDZ GLO. 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.

ALMONDZ GLO. Income Statement Analysis

• Operating income during the year rose 53.0% on a year-on-year (YoY) basis.
• The company's operating profit increased by 94.8% YoY during the fiscal. Operating profit margins witnessed a fall and down at 34.1% in FY24 as against 26.8% in FY23.
• Depreciation charges increased by 64.2% and finance costs decreased by 19.9% YoY, respectively.
• Other income declined by 17.4% YoY.
• Net profit for the year grew by 115.9% YoY.
• Net profit margins during the year grew from 20.8% in FY23 to 29.3% in FY24.

ALMONDZ GLO. Income Statement 2023-24

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Net Sales	Rs m	760	1,163	53.0%
Other income	Rs m	44	36	-17.4%
Total Revenues	Rs m	804	1,199	49.2%
Gross profit	Rs m	203	396	94.8%
Depreciation	Rs m	21	35	64.2%
Interest	Rs m	48	39	-19.9%
Profit before tax	Rs m	178	359	102.0%
Tax	Rs m	20	18	-8.6%
Profit after tax	Rs m	158	341	115.9%
Gross profit margin	%	26.8	34.1
Effective tax rate	%	11.2	5.1
Net profit margin	%	20.8	29.3

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ALMONDZ GLO. Balance Sheet Analysis

• The company's current liabilities during FY24 stood at Rs 900 million as compared to Rs 539 million in FY23, thereby witnessing an increase of 67.0%.
• Long-term debt down at Rs 31 million as compared to Rs 35 million during FY23, a fall of 12.3%.
• Current assets fell 8% and stood at Rs 1 billion, while fixed assets rose 39% and stood at Rs 2 billion in FY24.
• Overall, the total assets and liabilities for FY24 stood at Rs 3 billion as against Rs 3 billion during FY23, thereby witnessing a growth of 18%.

ALMONDZ GLO. Balance Sheet as on March 2024

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Networth	Rs m	2,072	2,163	4.4
Current Liabilities	Rs m	539	900	67.0
Long-term Debt	Rs m	35	31	-12.3
Total Liabilities	Rs m	2,669	3,138	17.6
Current assets	Rs m	1,232	1,137	-7.8
Fixed Assets	Rs m	1,437	2,001	39.3
Total Assets	Rs m	2,669	3,138	17.6

ALMONDZ GLO. Cash Flow Statement Analysis

• ALMONDZ GLO.'s cash flow from operating activities (CFO) during FY24 stood at Rs 193 million on a YoY basis.
• Cash flow from investing activities (CFI) during FY24 stood at Rs -174 million on a YoY basis.
• Cash flow from financial activities (CFF) during FY24 stood at Rs -58 million on a YoY basis.
• Overall, net cash flows for the company during FY24 stood at Rs -39 million from the Rs -52 million net cash flows seen during FY23.

ALMONDZ GLO. 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	-137	193	-
Cash Flow from Investing Activities	Rs m	19	-174	-
Cash Flow from Financing Activities	Rs m	66	-58	-
Net Cash Flow	Rs m	-52	-39	-

Current Valuations for ALMONDZ GLO.

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 12.7, an improvement from the EPS of Rs 6.1 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 28.3, stands at 19.3 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 2.2 times, while the price to sales ratio stands at 0.7 times.
• The company's price to cash flow (P/CF) ratio stood at 7.5 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	29.4	43.4
TTM Earnings per share	Rs	6.1	12.7
Diluted earnings per share	Rs	0.9	2.0
Price to Cash Flow	x	56.2	7.5
TTM P/E ratio	x	266.7	19.3
Price / Book Value ratio	x	1.2	1.3
Market Cap	Rs m	2,387	2,817
Dividends per share (Unadj.)	Rs	0.0	0.0

Ratio Analysis for ALMONDZ GLO.

• Solvency Ratios

Current Ratio: The company's current ratio deteriorated and stood at 1.3x during FY24, from 2.3x 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 10.3x during FY24, from 4.7x 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 15.7% during FY24, from 7.6% 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 18.1% during FY24, from 10.7% 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 12.1% during FY24, from 7.7% 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	2.3	1.3
Debtors’ Days	Days	1,541	1,895
Interest coverage	x	4.7	10.3
Debt to equity ratio	x	0.0	0.0
Return on assets	%	7.7	12.1
Return on equity	%	7.6	15.7
Return on capital employed	%	10.7	18.1

To see how ALMONDZ GLO. has performed over the last 5 years, please visit here.

ALMONDZ GLO. Share Price Performance

Over the last one year, ALMONDZ GLO. share price has moved down from Rs 86.8 to Rs 28.3, registering a loss of Rs 58.5 or around 67.4%.

Overall, the S&P BSE SENSEX is up 17.5% over the year.

(To know more, check out historical annual results for ALMONDZ GLO. and quarterly results for ALMONDZ GLO.)