BOM.OXYGEN 2023-24 Annual Report Analysis

Thu, 4 Jul

BOM.OXYGEN 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.

BOM.OXYGEN Income Statement Analysis

• Operating income during the year rose 2605.9% on a year-on-year (YoY) basis.
• The company's operating profit increased by 7205.7% YoY during the fiscal. Operating profit margins witnessed a fall and down at 97.5% in FY24 as against 36.1% in FY23.
• Depreciation charges increased by 3.2% increased by 0.0% YoY, respectively.
• Other income declined by 67.7% YoY.
• Net profit for the year grew by 1069.6% YoY.
• Net profit margins during the year declined from 188.1% in FY23 to 81.3% in FY24.

BOM.OXYGEN Income Statement 2023-24

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Net Sales	Rs m	26	708	2,605.9%
Other income	Rs m	43	14	-67.7%
Total Revenues	Rs m	69	722	949.7%
Gross profit	Rs m	9	690	7,205.7%
Depreciation	Rs m	2	2	3.2%
Interest	Rs m	0	0	0.0%
Profit before tax	Rs m	50	702	1,298.8%
Tax	Rs m	1	126	13,184.2%
Profit after tax	Rs m	49	576	1,069.6%
Gross profit margin	%	36.1	97.5
Effective tax rate	%	1.9	18.0
Net profit margin	%	188.1	81.3

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BOM.OXYGEN Balance Sheet Analysis

• The company's current liabilities during FY24 down at Rs 4 million as compared to Rs 4 million in FY23, thereby witnessing an decrease of -6.4%.
• Current assets rose 435% and stood at Rs 67 million, while fixed assets rose 41% and stood at Rs 5 billion in FY24.
• Overall, the total assets and liabilities for FY24 stood at Rs 5 billion as against Rs 3 billion during FY23, thereby witnessing a growth of 43%.

BOM.OXYGEN Balance Sheet as on March 2024

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Networth	Rs m	3,327	4,627	39.1
Current Liabilities	Rs m	4	4	-6.4
Long-term Debt	Rs m	0	0	0.0
Total Liabilities	Rs m	3,462	4,938	42.6
Current assets	Rs m	13	67	435.4
Fixed Assets	Rs m	3,449	4,871	41.2
Total Assets	Rs m	3,462	4,938	42.6

BOM.OXYGEN Cash Flow Statement Analysis

• BOM.OXYGEN's cash flow from operating activities (CFO) during FY24 stood at Rs -18 million on a YoY basis.
• Cash flow from investing activities (CFI) during FY24 stood at Rs 20 million on a YoY basis.
• Cash flow from financial activities (CFF) during FY24 stood at Rs -2 million, an improvement of 25% on a YoY basis.
• Overall, net cash flows for the company during FY24 stood at Rs 0 million from the Rs -3 million net cash flows seen during FY23.

BOM.OXYGEN 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	-54	-18	-
Cash Flow from Investing Activities	Rs m	54	20	-62.3%
Cash Flow from Financing Activities	Rs m	-3	-2	-
Net Cash Flow	Rs m	-3	0	-

Current Valuations for BOM.OXYGEN

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 3,840.1, an improvement from the EPS of Rs 328.3 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 29,654.0, stands at 7.7 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 1.0 times, while the price to sales ratio stands at 6.3 times.
• The company's price to cash flow (P/CF) ratio stood at 4.5 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	174.5	4,722.7
TTM Earnings per share	Rs	328.3	3,840.1
Diluted earnings per share	Rs	328.3	3,840.1
Price to Cash Flow	x	30.2	4.5
TTM P/E ratio	x	31.3	7.7
Price / Book Value ratio	x	0.6	0.6
Market Cap	Rs m	2,018	2,582
Dividends per share (Unadj.)	Rs	15.0	25.0

Ratio Analysis for BOM.OXYGEN

• Solvency Ratios

Current Ratio: The company's current ratio improved and stood at 17.0x during FY24, from 3.0x during FY23. The current ratio measures the company's ability to pay short-term and long-term obligations.

• Profitability Ratios

Return on Equity (ROE): The ROE for the company improved and stood at 12.4% during FY24, from 1.5% 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 15.2% during FY24, from 1.5% 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 11.7% during FY24, from 1.4% 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	3.0	17.0
Debtors’ Days	Days	662	24
Interest coverage	x	0.0	0.0
Debt to equity ratio	x	0.0	0.0
Return on assets	%	1.4	11.7
Return on equity	%	1.5	12.4
Return on capital employed	%	1.5	15.2

To see how BOM.OXYGEN has performed over the last 5 years, please visit here.

BOM.OXYGEN Share Price Performance

Over the last one year, BOM.OXYGEN share price has moved up from Rs 11,458.0 to Rs 29,654.0, registering a gain of Rs 18,196.0 or around 158.8%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 29,634.2 (down 0.0%). Over the last one year it has moved up from 18,502.7 to 29,634.2, a gain of 11,132 points (up 60.2%).

Overall, the S&P BSE SENSEX is up 22.7% over the year.

(To know more, check out historical annual results for BOM.OXYGEN and quarterly results for BOM.OXYGEN)