ANJANI PORT CEM 2023-24 Annual Report Analysis

Thu, 18 Jul

ANJANI PORT CEM 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.

ANJANI PORT CEM Income Statement Analysis

• Operating income during the year fell 5.7% on a year-on-year (YoY) basis.
• The company's operating profit increased by 34.6% YoY during the fiscal. Operating profit margins witnessed a fall and down at 4.6% in FY24 as against 3.2% in FY23.
• Depreciation charges decreased by 10.5% and finance costs decreased by 6.6% YoY, respectively.
• Other income declined by 58.1% YoY.
• Net profit for the year declined by NA YoY.
• Net profit margins during the year grew from 8.8% in FY23 to 6.3% in FY24.

ANJANI PORT CEM Income Statement 2023-24

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Net Sales	Rs m	6,615	6,239	-5.7%
Other income	Rs m	27	11	-58.1%
Total Revenues	Rs m	6,642	6,250	-5.9%
Gross profit	Rs m	214	288	34.6%
Depreciation	Rs m	538	481	-10.5%
Interest	Rs m	345	322	-6.6%
Profit before tax	Rs m	-641	-504	NA
Tax	Rs m	-56	-111	NA
Profit after tax	Rs m	-585	-393	NA
Gross profit margin	%	3.2	4.6
Effective tax rate	%	8.8	22.0
Net profit margin	%	-8.8	-6.3

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ANJANI PORT CEM Balance Sheet Analysis

• The company's current liabilities during FY24 down at Rs 2 billion as compared to Rs 2 billion in FY23, thereby witnessing an decrease of -8.9%.
• Long-term debt stood at Rs 4 billion as compared to Rs 4 billion during FY23, a growth of 7.9%.
• Current assets fell 5% and stood at Rs 1 billion, while fixed assets fell 4% and stood at Rs 9 billion in FY24.
• Overall, the total assets and liabilities for FY24 stood at Rs 10 billion as against Rs 10 billion during FY23, thereby witnessing a fall of 4%.

ANJANI PORT CEM Balance Sheet as on March 2024

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Networth	Rs m	3,337	2,944	-11.8
Current Liabilities	Rs m	2,197	2,001	-8.9
Long-term Debt	Rs m	3,775	4,075	7.9
Total Liabilities	Rs m	10,408	10,007	-3.8
Current assets	Rs m	1,436	1,371	-4.5
Fixed Assets	Rs m	8,972	8,636	-3.7
Total Assets	Rs m	10,408	10,007	-3.8

ANJANI PORT CEM Cash Flow Statement Analysis

• ANJANI PORT CEM's cash flow from operating activities (CFO) during FY24 stood at Rs 526 million, an improvement of 154.1% on a YoY basis.
• Cash flow from investing activities (CFI) during FY24 stood at Rs -125 million on a YoY basis.
• Cash flow from financial activities (CFF) during FY24 stood at Rs -380 million on a YoY basis.
• Overall, net cash flows for the company during FY24 stood at Rs 22 million from the Rs -116 million net cash flows seen during FY23.

ANJANI PORT CEM 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	207	526	154.1%
Cash Flow from Investing Activities	Rs m	-137	-125	-
Cash Flow from Financing Activities	Rs m	-186	-380	-
Net Cash Flow	Rs m	-116	22	-

Current Valuations for ANJANI PORT CEM

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs -13.4, an improvement from the EPS of Rs -19.9 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 192.5, stands at -14.4 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 1.9 times, while the price to sales ratio stands at 0.9 times.
• The company's price to cash flow (P/CF) ratio stood at 62.6 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	225.2	212.4
TTM Earnings per share	Rs	-19.9	-13.4
Diluted earnings per share	Rs	-19.9	-13.4
Price to Cash Flow	x	-88.8	62.6
TTM P/E ratio	x	-7.2	-14.4
Price / Book Value ratio	x	1.9	1.9
Market Cap	Rs m	6,475	5,501
Dividends per share (Unadj.)	Rs	0.0	0.0

Ratio Analysis for ANJANI PORT CEM

• Solvency Ratios

Current Ratio: The company's current ratio improved and stood at 0.7x during FY24, from 0.7x 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 -0.6x during FY24, from -0.9x 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 -13.4% during FY24, from -17.5% 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 -2.6% during FY24, from -4.2% 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 -0.7% during FY24, from -2.3% 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	0.7	0.7
Debtors’ Days	Days	231	242
Interest coverage	x	-0.9	-0.6
Debt to equity ratio	x	1.1	1.4
Return on assets	%	-2.3	-0.7
Return on equity	%	-17.5	-13.4
Return on capital employed	%	-4.2	-2.6

To see how ANJANI PORT CEM has performed over the last 5 years, please visit here.

ANJANI PORT CEM Share Price Performance

Over the last one year, ANJANI PORT CEM share price has moved up from Rs 185.2 to Rs 192.5, registering a gain of Rs 7.4 or around 4.0%.

Overall, the S&P BSE SENSEX is up 21.3% over the year.

(To know more, check out historical annual results for ANJANI PORT CEM and quarterly results for ANJANI PORT CEM)