ANISHA IMPEX 2023-24 Annual Report Analysis

Thu, 13 Jun

ANISHA IMPEX 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.

ANISHA IMPEX Income Statement Analysis

• Operating income during the year rose 29.1% on a year-on-year (YoY) basis.
• The company's operating profit increased by 176.2% YoY during the fiscal. Operating profit margins witnessed a fall and down at 1.7% in FY24 as against 0.8% in FY23.
• Depreciation charges increased by 81.0% and finance costs increased by 314.7% YoY, respectively.
• Other income declined by 18.0% YoY.
• Net profit for the year grew by 18.5% YoY.
• Net profit margins during the year declined from 0.5% in FY23 to 0.4% in FY24.

ANISHA IMPEX Income Statement 2023-24

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Net Sales	Rs m	2,691	3,475	29.1%
Other income	Rs m	9	7	-18.0%
Total Revenues	Rs m	2,699	3,482	29.0%
Gross profit	Rs m	21	58	176.2%
Depreciation	Rs m	4	8	81.0%
Interest	Rs m	7	29	314.7%
Profit before tax	Rs m	18	27	52.5%
Tax	Rs m	5	12	144.2%
Profit after tax	Rs m	13	15	18.5%
Gross profit margin	%	0.8	1.7
Effective tax rate	%	27.1	43.3
Net profit margin	%	0.5	0.4

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

ANISHA IMPEX Balance Sheet Analysis

• The company's current liabilities during FY24 stood at Rs 554 million as compared to Rs 283 million in FY23, thereby witnessing an increase of 95.9%.
• Current assets rose 53% and stood at Rs 703 million, while fixed assets rose 317% and stood at Rs 126 million in FY24.
• Overall, the total assets and liabilities for FY24 stood at Rs 830 million as against Rs 489 million during FY23, thereby witnessing a growth of 70%.

ANISHA IMPEX Balance Sheet as on March 2024

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Networth	Rs m	206	222	8.0
Current Liabilities	Rs m	283	554	95.9
Long-term Debt	Rs m	2	0	-100.0
Total Liabilities	Rs m	489	830	69.6
Current assets	Rs m	459	703	53.2
Fixed Assets	Rs m	30	126	316.9
Total Assets	Rs m	489	830	69.6

ANISHA IMPEX Cash Flow Statement Analysis

• ANISHA IMPEX's cash flow from operating activities (CFO) during FY24 stood at Rs -85 million on a YoY basis.
• Cash flow from investing activities (CFI) during FY24 stood at Rs -182 million on a YoY basis.
• Cash flow from financial activities (CFF) during FY24 stood at Rs 241 million, an improvement of 142% on a YoY basis.
• Overall, net cash flows for the company during FY24 stood at Rs -27 million from the Rs 20 million net cash flows seen during FY23.

ANISHA IMPEX 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	-146	-85	-
Cash Flow from Investing Activities	Rs m	66	-182	-
Cash Flow from Financing Activities	Rs m	99	241	142.1%
Net Cash Flow	Rs m	20	-27	-

Current Valuations for ANISHA IMPEX

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 0.9, an improvement from the EPS of Rs 0.8 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 410.7, stands at 368.8 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 30.4 times, while the price to sales ratio stands at 1.9 times.
• The company's price to cash flow (P/CF) ratio stood at 203.2 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	163.8	211.5
TTM Earnings per share	Rs	0.8	0.9
Diluted earnings per share	Rs	0.8	0.9
Price to Cash Flow	x	177.6	203.2
TTM P/E ratio	x	237.9	368.8
Price / Book Value ratio	x	15.9	21.5
Market Cap	Rs m	3,274	4,774
Dividends per share (Unadj.)	Rs	0.0	0.0

Ratio Analysis for ANISHA IMPEX

• Solvency Ratios

Current Ratio: The company's current ratio deteriorated and stood at 1.3x during FY24, from 1.6x 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 1.9x during FY24, from 3.5x 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 7.0% during FY24, from 6.3% 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 25.5% during FY24, from 12.0% 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 5.4% during FY24, from 4.1% 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	1.6	1.3
Debtors’ Days	Days	497	579
Interest coverage	x	3.5	1.9
Debt to equity ratio	x	0.0	0.0
Return on assets	%	4.1	5.4
Return on equity	%	6.3	7.0
Return on capital employed	%	12.0	25.5

To see how ANISHA IMPEX has performed over the last 5 years, please visit here.

ANISHA IMPEX Share Price Performance

Over the last one year, ANISHA IMPEX share price has moved up from Rs 290.0 to Rs 410.7, registering a gain of Rs 120.8 or around 41.6%.

Overall, the S&P BSE SENSEX is up 22.6% over the year.

(To know more, check out historical annual results for ANISHA IMPEX and quarterly results for ANISHA IMPEX)