AUTHUM INVESTMENT 2023-24 Annual Report Analysis

Wed, 16 Oct

AUTHUM INVESTMENT 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.

AUTHUM INVESTMENT Income Statement Analysis

• Operating income during the year rose 380.1% on a year-on-year (YoY) basis.
• The company's operating profit decreased by 90.3% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 13.0% in FY24 as against 648.9% in FY23.
• Depreciation charges decreased by 13.2% and finance costs decreased by 76.8% YoY, respectively.
• Other income grew by 245.8% YoY.
• Net profit for the year declined by 0.4% YoY.
• Net profit margins during the year declined from 798.9% in FY23 to 165.6% in FY24.

AUTHUM INVESTMENT Income Statement 2023-24

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Net Sales	Rs m	5,388	25,868	380.1%
Other income	Rs m	11,457	39,615	245.8%
Total Revenues	Rs m	16,845	65,482	288.7%
Gross profit	Rs m	34,958	3,375	-90.3%
Depreciation	Rs m	94	82	-13.2%
Interest	Rs m	2,808	652	-76.8%
Profit before tax	Rs m	43,514	42,256	-2.9%
Tax	Rs m	474	-593	NA
Profit after tax	Rs m	43,040	42,848	-0.4%
Gross profit margin	%	648.9	13.0
Effective tax rate	%	1.1	-1.4
Net profit margin	%	798.9	165.6

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

AUTHUM INVESTMENT Balance Sheet Analysis

• The company's current liabilities during FY24 down at Rs 11 billion as compared to Rs 30 billion in FY23, thereby witnessing an decrease of -63.2%.
• Long-term debt down at Rs 2 billion as compared to Rs 3 billion during FY23, a fall of 36.8%.
• Current assets rose 2% and stood at Rs 8 billion, while fixed assets rose 76% and stood at Rs 109 billion in FY24.
• Overall, the total assets and liabilities for FY24 stood at Rs 116 billion as against Rs 69 billion during FY23, thereby witnessing a growth of 68%.

AUTHUM INVESTMENT Balance Sheet as on March 2024

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Networth	Rs m	34,164	103,451	202.8
Current Liabilities	Rs m	30,006	11,047	-63.2
Long-term Debt	Rs m	2,710	1,714	-36.8
Total Liabilities	Rs m	68,996	116,212	68.4
Current assets	Rs m	7,449	7,615	2.2
Fixed Assets	Rs m	61,547	108,597	76.4
Total Assets	Rs m	68,996	116,212	68.4

AUTHUM INVESTMENT Cash Flow Statement Analysis

• AUTHUM INVESTMENT's cash flow from operating activities (CFO) during FY24 stood at Rs 33 billion, an improvement of 1,240.2% on a YoY basis.
• Cash flow from investing activities (CFI) during FY24 stood at Rs -23 billion on a YoY basis.
• Cash flow from financial activities (CFF) during FY24 stood at Rs -12 billion on a YoY basis.
• Overall, net cash flows for the company during FY24 stood at Rs -2 billion from the Rs -3 billion net cash flows seen during FY23.

AUTHUM INVESTMENT 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	2,447	32,792	1,240.2%
Cash Flow from Investing Activities	Rs m	475	-22,656	-
Cash Flow from Financing Activities	Rs m	-6,266	-11,639	-
Net Cash Flow	Rs m	-3,344	-1,503	-

Current Valuations for AUTHUM INVESTMENT

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 252.3, an decline from the EPS of Rs 253.4 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 1,850.0, stands at 6.1 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 3.0 times, while the price to sales ratio stands at 12.1 times.
• The company's price to cash flow (P/CF) ratio stood at 2.4 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	31.7	152.3
TTM Earnings per share	Rs	253.4	252.3
Diluted earnings per share	Rs	253.4	252.3
Price to Cash Flow	x	0.8	2.4
TTM P/E ratio	x	0.8	6.1
Price / Book Value ratio	x	1.0	1.0
Market Cap	Rs m	34,856	101,381
Dividends per share (Unadj.)	Rs	0.0	0.0

Ratio Analysis for AUTHUM INVESTMENT

• Solvency Ratios

Current Ratio: The company's current ratio improved and stood at 0.7x during FY24, from 0.2x 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 65.8x during FY24, from 16.5x 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 declined and down at 41.4% during FY24, from 126.0% 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 40.8% during FY24, from 125.6% 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 declined and down at 37.4% during FY24, from 66.4% 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	0.2	0.7
Debtors’ Days	Days	0	1
Interest coverage	x	16.5	65.8
Debt to equity ratio	x	0.1	0.0
Return on assets	%	66.4	37.4
Return on equity	%	126.0	41.4
Return on capital employed	%	125.6	40.8

To see how AUTHUM INVESTMENT has performed over the last 5 years, please visit here.

AUTHUM INVESTMENT Share Price Performance

Over the last one year, AUTHUM INVESTMENT share price has moved up from Rs 669.0 to Rs 1,850.0, registering a gain of Rs 1,181.1 or around 176.6%.

Overall, the S&P BSE SENSEX is up 23.2% over the year.

(To know more, check out historical annual results for AUTHUM INVESTMENT and quarterly results for AUTHUM INVESTMENT)