JMD TELEFILMS 2022-23 Annual Report Analysis

Mon, 26 Jun

JMD TELEFILMS has announced its results for the year ended March 2023. Let us have a look at the detailed performance review of the company during FY22-23.

JMD TELEFILMS Income Statement Analysis

• Operating income during the year rose 140.1% on a year-on-year (YoY) basis.
• The company's operating profit was by NA YoY during the fiscal. Operating profit margins witnessed a fall and down at 36.3% in FY23 as against 5.2% in FY22.
• Depreciation charges decreased by 32.3% and finance costs increased by 200.0% YoY, respectively.
• Other income grew by 390.8% YoY.
• Net profit for the year grew by 1658.5% YoY.
• Net profit margins during the year grew from 8.1% in FY22 to 59.6% in FY23.

JMD TELEFILMS Income Statement 2022-23

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*	% Change
Net Sales	Rs m	17	42	140.1%
Other income	Rs m	3	15	390.8%
Total Revenues	Rs m	21	57	177.6%
Gross profit	Rs m	-1	15	NA
Depreciation	Rs m	1	0	-32.3%
Interest	Rs m	0	0	200.0%
Profit before tax	Rs m	2	30	1,845.8%
Tax	Rs m	0	5	3,900.0%
Profit after tax	Rs m	1	25	1,658.5%
Gross profit margin	%	-5.2	36.3
Effective tax rate	%	7.8	16.1
Net profit margin	%	8.1	59.6

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JMD TELEFILMS Balance Sheet Analysis

• The company's current liabilities during FY23 down at Rs 21 million as compared to Rs 26 million in FY22, thereby witnessing an decrease of -18.6%.
• Current assets rose 7% and stood at Rs 340 million, while fixed assets fell 1% and stood at Rs 32 million in FY23.
• Overall, the total assets and liabilities for FY23 stood at Rs 371 million as against Rs 349 million during FY22, thereby witnessing a growth of 6%.

JMD TELEFILMS Balance Sheet as on March 2023

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*	% Change
Networth	Rs m	324	349	7.7
Current Liabilities	Rs m	26	21	-18.6
Long-term Debt	Rs m	0	0	0.0
Total Liabilities	Rs m	349	371	6.3
Current assets	Rs m	317	340	7.0
Fixed Assets	Rs m	32	32	-1.3
Total Assets	Rs m	349	371	6.3

JMD TELEFILMS Cash Flow Statement Analysis

• JMD TELEFILMS's cash flow from operating activities (CFO) during FY23 stood at Rs 5 million on a YoY basis.
• Cash flow from investing activities (CFI) during FY23 stood at Rs 0 million, an improvement of 0.0% on a YoY basis.
• Cash flow from financial activities (CFF) during FY23 stood at Rs -3 million on a YoY basis.
• Overall, net cash flows for the company during FY23 stood at Rs 2 million from the Rs 0 million net cash flows seen during FY22.

JMD TELEFILMS Cash Flow Statement 2022-23

Particulars	No. of months	12	12	% Change
	Year Ending	Mar-22	Mar-23
Cash Flow from Operating Activities	Rs m	0	5	-
Cash Flow from Investing Activities	Rs m	0	0	-
Cash Flow from Financing Activities	Rs m	0	-3	-
Net Cash Flow	Rs m	0	2	-

Current Valuations for JMD TELEFILMS

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 0.9, an improvement from the EPS of Rs 0.1 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 24.8, stands at 28.6 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 2.0 times, while the price to sales ratio stands at 17.1 times.
• The company's price to cash flow (P/CF) ratio stood at 12.3 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*
Sales per share (Unadj.)	Rs	1.2	1.5
TTM Earnings per share	Rs	0.1	0.9
Diluted earnings per share	Rs	0.0	0.9
Price to Cash Flow	x	28.1	12.3
TTM P/E ratio	x	40.0	28.6
Price / Book Value ratio	x	0.2	0.9
Market Cap	Rs m	58	311
Dividends per share (Unadj.)	Rs	0.0	0.0

Ratio Analysis for JMD TELEFILMS

• Solvency Ratios

Current Ratio: The company's current ratio improved and stood at 15.9x during FY23, from 12.1x during FY22. 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 993.3x during FY23, from 154.0x during FY22. 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 7.1% during FY23, from 0.4% during FY23. 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 8.5% during FY23, from 0.5% during FY22. 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 6.7% during FY23, from 0.4% during FY22. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*
Current ratio	x	12.1	15.9
Debtors’ Days	Days	13,807	8,189
Interest coverage	x	154.0	993.3
Debt to equity ratio	x	0.0	0.0
Return on assets	%	0.4	6.7
Return on equity	%	0.4	7.1
Return on capital employed	%	0.5	8.5

To see how JMD TELEFILMS has performed over the last 5 years, please visit here.

JMD TELEFILMS Share Price Performance

Over the last one year, JMD TELEFILMS share price has moved up from Rs 2.5 to Rs 24.8, registering a gain of Rs 22.3 or around 896.0%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 12,989.1 (down 0.0%). Over the last one year it has moved up from 12,879.2 to 12,989.1, a gain of 110 points (up 0.9%).

Overall, the S&P BSE SENSEX is up 21.5% over the year.

(To know more, check out historical annual results for JMD TELEFILMS and quarterly results for JMD TELEFILMS)