CELLECOR GADGETS 2023-24 Annual Report Analysis

Mon, 28 Oct

CELLECOR GADGETS 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.

CELLECOR GADGETS Income Statement Analysis

• Operating income during the year rose 89.3% on a year-on-year (YoY) basis.
• The company's operating profit increased by 135.5% YoY during the fiscal. Operating profit margins witnessed a fall and down at 5.9% in FY24 as against 4.8% in FY23.
• Depreciation charges increased by 18.4% and finance costs increased by 387.0% YoY, respectively.
• Other income grew by 407.1% YoY.
• Net profit for the year grew by 99.4% YoY.
• Net profit margins during the year grew from 3.1% in FY23 to 3.2% in FY24.

CELLECOR GADGETS Income Statement 2023-24

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Net Sales	Rs m	2,644	5,005	89.3%
Other income	Rs m	0	1	407.1%
Total Revenues	Rs m	2,644	5,005	89.3%
Gross profit	Rs m	126	296	135.5%
Depreciation	Rs m	5	5	18.4%
Interest	Rs m	15	74	387.0%
Profit before tax	Rs m	106	217	104.9%
Tax	Rs m	25	56	122.4%
Profit after tax	Rs m	81	161	99.4%
Gross profit margin	%	4.8	5.9
Effective tax rate	%	23.8	25.9
Net profit margin	%	3.1	3.2

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

CELLECOR GADGETS Balance Sheet Analysis

• The company's current liabilities during FY24 stood at Rs 955 million as compared to Rs 505 million in FY23, thereby witnessing an increase of 89.0%.
• Long-term debt down at Rs 4 million as compared to Rs 56 million during FY23, a fall of 93.7%.
• Current assets rose 168% and stood at Rs 2 billion, while fixed assets rose 48% and stood at Rs 20 million in FY24.
• Overall, the total assets and liabilities for FY24 stood at Rs 2 billion as against Rs 699 million during FY23, thereby witnessing a growth of 166%.

CELLECOR GADGETS Balance Sheet as on March 2024

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Networth	Rs m	138	899	551.1
Current Liabilities	Rs m	505	955	89.0
Long-term Debt	Rs m	56	4	-93.7
Total Liabilities	Rs m	699	1,857	165.5
Current assets	Rs m	686	1,837	167.8
Fixed Assets	Rs m	14	20	48.2
Total Assets	Rs m	699	1,857	165.5

CELLECOR GADGETS Cash Flow Statement Analysis

• CELLECOR GADGETS's cash flow from operating activities (CFO) during FY24 stood at Rs -1 billion, an improvement of 392.1% on a YoY basis.
• Cash flow from investing activities (CFI) during FY24 stood at Rs -5 million on a YoY basis.
• Cash flow from financial activities (CFF) during FY24 stood at Rs 1 billion, an improvement of 390% on a YoY basis.
• Overall, net cash flows for the company during FY24 stood at Rs 43 million from the Rs -6 million net cash flows seen during FY23.

CELLECOR GADGETS 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	-1,017	-
Cash Flow from Investing Activities	Rs m	-17	-5	-
Cash Flow from Financing Activities	Rs m	217	1,065	389.9%
Net Cash Flow	Rs m	-6	43	-

Current Valuations for CELLECOR GADGETS

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 7.7, an decline from the EPS of Rs 733.8 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 51.9, stands at 67.5 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 12.1 times, while the price to sales ratio stands at 0.2 times.
• The company's price to cash flow (P/CF) ratio stood at 29.1 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	24,032.0	238.7
TTM Earnings per share	Rs	733.8	7.7
Diluted earnings per share	Rs	0.4	0.8
Price to Cash Flow	x	0.0	29.1
TTM P/E ratio	x	0.0	67.5
Price / Book Value ratio	x	0.0	5.4
Market Cap	Rs m	0	4,838
Dividends per share (Unadj.)	Rs	0.0	0.0

Ratio Analysis for CELLECOR GADGETS

• Solvency Ratios

Current Ratio: The company's current ratio improved and stood at 1.9x during FY24, from 1.4x 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 deteriorated and stood at 3.9x during FY24, from 8.0x 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 17.9% during FY24, from 58.4% 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 32.2% during FY24, from 62.3% 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 12.7% during FY24, from 13.7% 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	1.4	1.9
Debtors’ Days	Days	99	138
Interest coverage	x	8.0	3.9
Debt to equity ratio	x	0.4	0.0
Return on assets	%	13.7	12.7
Return on equity	%	58.4	17.9
Return on capital employed	%	62.3	32.2

To see how CELLECOR GADGETS has performed over the last 5 years, please visit here.

CELLECOR GADGETS Share Price Performance

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(To know more, check out historical annual results for CELLECOR GADGETS and quarterly results for CELLECOR GADGETS)