AMBER ENTERPRISES INDIA 2023-24 Annual Report Analysis

Tue, 23 Jul

AMBER ENTERPRISES INDIA 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.

AMBER ENTERPRISES INDIA Income Statement Analysis

• Operating income during the year fell 2.9% on a year-on-year (YoY) basis.
• The company's operating profit increased by 17.1% YoY during the fiscal. Operating profit margins witnessed a fall and down at 7.3% in FY24 as against 6.0% in FY23.
• Depreciation charges increased by 34.1% and finance costs increased by 49.3% YoY, respectively.
• Other income grew by 5.0% YoY.
• Net profit for the year declined by 14.8% YoY.
• Net profit margins during the year declined from 2.4% in FY23 to 2.1% in FY24.

AMBER ENTERPRISES INDIA Income Statement 2023-24

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Net Sales	Rs m	69,271	67,293	-2.9%
Other income	Rs m	527	553	5.0%
Total Revenues	Rs m	69,798	67,846	-2.8%
Gross profit	Rs m	4,179	4,895	17.1%
Depreciation	Rs m	1,391	1,865	34.1%
Interest	Rs m	1,118	1,670	49.3%
Profit before tax	Rs m	2,197	1,913	-12.9%
Tax	Rs m	559	519	-7.2%
Profit after tax	Rs m	1,638	1,395	-14.8%
Gross profit margin	%	6.0	7.3
Effective tax rate	%	25.4	27.1
Net profit margin	%	2.4	2.1

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

AMBER ENTERPRISES INDIA Balance Sheet Analysis

• The company's current liabilities during FY24 down at Rs 33 billion as compared to Rs 34 billion in FY23, thereby witnessing an decrease of -4.7%.
• Long-term debt stood at Rs 7 billion as compared to Rs 6 billion during FY23, a growth of 15.8%.
• Current assets fell 13% and stood at Rs 34 billion, while fixed assets rose 35% and stood at Rs 32 billion in FY24.
• Overall, the total assets and liabilities for FY24 stood at Rs 66 billion as against Rs 62 billion during FY23, thereby witnessing a growth of 6%.

AMBER ENTERPRISES INDIA Balance Sheet as on March 2024

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Networth	Rs m	18,660	20,039	7.4
Current Liabilities	Rs m	34,488	32,852	-4.7
Long-term Debt	Rs m	5,766	6,675	15.8
Total Liabilities	Rs m	62,403	65,902	5.6
Current assets	Rs m	38,360	33,555	-12.5
Fixed Assets	Rs m	24,038	32,342	34.5
Total Assets	Rs m	62,403	65,902	5.6

AMBER ENTERPRISES INDIA Cash Flow Statement Analysis

• AMBER ENTERPRISES INDIA's cash flow from operating activities (CFO) during FY24 stood at Rs 10 billion, an improvement of 201.0% on a YoY basis.
• Cash flow from investing activities (CFI) during FY24 stood at Rs -10 billion, an improvement of 111.7% on a YoY basis.
• Cash flow from financial activities (CFF) during FY24 stood at Rs -1 billion on a YoY basis.
• Overall, net cash flows for the company during FY24 stood at Rs -2 billion from the Rs 246 million net cash flows seen during FY23.

AMBER ENTERPRISES INDIA 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	3,206	9,648	201.0%
Cash Flow from Investing Activities	Rs m	-4,888	-10,345	-
Cash Flow from Financing Activities	Rs m	1,928	-1,216	-
Net Cash Flow	Rs m	246	-1,913	-

Current Valuations for AMBER ENTERPRISES INDIA

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 41.4, an decline from the EPS of Rs 48.6 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 4,178.6, stands at 99.4 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 7.0 times, while the price to sales ratio stands at 2.1 times.
• The company's price to cash flow (P/CF) ratio stood at 33.2 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	2,056.1	1,997.4
TTM Earnings per share	Rs	48.6	41.4
Diluted earnings per share	Rs	48.5	41.3
Price to Cash Flow	x	20.3	33.2
TTM P/E ratio	x	37.5	99.4
Price / Book Value ratio	x	5.2	5.4
Market Cap	Rs m	97,474	108,168
Dividends per share (Unadj.)	Rs	0.0	0.0

Ratio Analysis for AMBER ENTERPRISES INDIA

• Solvency Ratios

Current Ratio: The company's current ratio deteriorated and stood at 1.0x during FY24, from 1.1x 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 deteriorated and stood at 2.1x during FY24, from 3.0x 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 declined and down at 7.0% during FY24, from 8.8% 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 declined and down at 13.4% during FY24, from 13.6% 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 4.7% during FY24, from 4.4% 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	1.1	1.0
Debtors’ Days	Days	929	851
Interest coverage	x	3.0	2.1
Debt to equity ratio	x	0.3	0.3
Return on assets	%	4.4	4.7
Return on equity	%	8.8	7.0
Return on capital employed	%	13.6	13.4

To see how AMBER ENTERPRISES INDIA has performed over the last 5 years, please visit here.

AMBER ENTERPRISES INDIA Share Price Performance

Over the last one year, AMBER ENTERPRISES INDIA share price has moved up from Rs 2,227.1 to Rs 4,178.6, registering a gain of Rs 1,951.5 or around 87.6%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 58,847.1 (up 2.1%). Over the last one year it has moved up from 42,256.6 to 58,847.1, a gain of 16,590 points (up 39.3%).

Overall, the S&P BSE SENSEX is up 19.8% over the year.

(To know more, check out historical annual results for AMBER ENTERPRISES INDIA and quarterly results for AMBER ENTERPRISES INDIA)