AURIONPRO SOLN 2023-24 Annual Report Analysis

Mon, 23 Sep

AURIONPRO SOLN 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.

AURIONPRO SOLN Income Statement Analysis

• Operating income during the year rose 34.6% on a year-on-year (YoY) basis.
• The company's operating profit increased by 35.3% YoY during the fiscal. Operating profit margins witnessed a fall and down at 21.8% in FY24 as against 21.7% in FY23.
• Depreciation charges increased by 30.2% and finance costs increased by 21.4% YoY, respectively.
• Other income grew by 52.6% YoY.
• Net profit for the year grew by 40.3% YoY.
• Net profit margins during the year grew from 15.5% in FY23 to 16.1% in FY24.

AURIONPRO SOLN Income Statement 2023-24

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Net Sales	Rs m	6,593	8,875	34.6%
Other income	Rs m	59	91	52.6%
Total Revenues	Rs m	6,653	8,965	34.8%
Gross profit	Rs m	1,430	1,934	35.3%
Depreciation	Rs m	159	206	30.2%
Interest	Rs m	108	131	21.4%
Profit before tax	Rs m	1,223	1,688	38.0%
Tax	Rs m	204	258	26.5%
Profit after tax	Rs m	1,019	1,429	40.3%
Gross profit margin	%	21.7	21.8
Effective tax rate	%	16.7	15.3
Net profit margin	%	15.5	16.1

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

AURIONPRO SOLN Balance Sheet Analysis

• The company's current liabilities during FY24 stood at Rs 4 billion as compared to Rs 3 billion in FY23, thereby witnessing an increase of 43.0%.
• Long-term debt down at Rs 42 million as compared to Rs 290 million during FY23, a fall of 85.7%.
• Current assets rose 61% and stood at Rs 9 billion, while fixed assets rose 75% and stood at Rs 5 billion in FY24.
• Overall, the total assets and liabilities for FY24 stood at Rs 14 billion as against Rs 8 billion during FY23, thereby witnessing a growth of 66%.

AURIONPRO SOLN Balance Sheet as on March 2024

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Networth	Rs m	4,977	9,191	84.7
Current Liabilities	Rs m	2,849	4,073	43.0
Long-term Debt	Rs m	290	42	-85.7
Total Liabilities	Rs m	8,401	13,922	65.7
Current assets	Rs m	5,568	8,957	60.9
Fixed Assets	Rs m	2,833	4,965	75.2
Total Assets	Rs m	8,401	13,922	65.7

AURIONPRO SOLN Cash Flow Statement Analysis

• AURIONPRO SOLN's cash flow from operating activities (CFO) during FY24 stood at Rs 2 billion, an improvement of 300.2% on a YoY basis.
• Cash flow from investing activities (CFI) during FY24 stood at Rs -2 billion, an improvement of 265.1% on a YoY basis.
• Cash flow from financial activities (CFF) during FY24 stood at Rs 3 billion, an improvement of 16,541% on a YoY basis.
• Overall, net cash flows for the company during FY24 stood at Rs 2 billion from the Rs -164 million net cash flows seen during FY23.

AURIONPRO SOLN 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	409	1,636	300.2%
Cash Flow from Investing Activities	Rs m	-557	-2,033	-
Cash Flow from Financing Activities	Rs m	-16	2,654	-
Net Cash Flow	Rs m	-164	2,256	-

Current Valuations for AURIONPRO SOLN

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 57.8, an improvement from the EPS of Rs 44.7 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 1,709.6, stands at 60.5 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 10.3 times, while the price to sales ratio stands at 4.8 times.
• The company's price to cash flow (P/CF) ratio stood at 10.4 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	289.2	359.0
TTM Earnings per share	Rs	44.7	57.8
Diluted earnings per share	Rs	18.5	25.9
Price to Cash Flow	x	7.2	10.4
TTM P/E ratio	x	8.3	60.5
Price / Book Value ratio	x	1.6	1.9
Market Cap	Rs m	7,855	17,049
Dividends per share (Unadj.)	Rs	2.5	2.5

Ratio Analysis for AURIONPRO SOLN

• Solvency Ratios

Current Ratio: The company's current ratio improved and stood at 2.2x during FY24, from 2.0x 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 13.9x during FY24, from 12.4x 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 15.6% during FY24, from 20.5% 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 declined and down at 19.7% during FY24, from 25.3% 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 declined and down at 11.2% during FY24, from 13.4% 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	2.0	2.2
Debtors’ Days	Days	1,104	1,196
Interest coverage	x	12.4	13.9
Debt to equity ratio	x	0.1	0.0
Return on assets	%	13.4	11.2
Return on equity	%	20.5	15.6
Return on capital employed	%	25.3	19.7

To see how AURIONPRO SOLN has performed over the last 5 years, please visit here.

AURIONPRO SOLN Share Price Performance

Over the last one year, AURIONPRO SOLN share price has moved up from Rs 632.5 to Rs 1,709.6, registering a gain of Rs 1,077.1 or around 170.3%.

Meanwhile, the S&P BSE IT Index is trading at Rs 42,567.6 (down 0.4%). Over the last one year it has moved up from 32,993.5 to 42,567.6, a gain of 9,574 points (up 29.0%).

Overall, the S&P BSE SENSEX is up 27.1% over the year.

(To know more, check out historical annual results for AURIONPRO SOLN and quarterly results for AURIONPRO SOLN)