ELCID INVESTMENTS 2023-24 Annual Report Analysis

Wed, 30 Oct

ELCID INVESTMENTS 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.

ELCID INVESTMENTS Income Statement Analysis

• Operating income during the year rose 116.1% on a year-on-year (YoY) basis.
• The company's operating profit increased by 125.7% YoY during the fiscal. Operating profit margins witnessed a fall and down at 98.6% in FY24 as against 94.4% in FY23.
• Depreciation charges increased by 14.4% increased by 0.0% YoY, respectively.
• Other income grew by 0.0% YoY.
• Net profit for the year grew by 139.4% YoY.
• Net profit margins during the year grew from 67.4% in FY23 to 74.7% in FY24.

ELCID INVESTMENTS Income Statement 2023-24

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Net Sales	Rs m	1,089	2,353	116.1%
Other income	Rs m	0	5	0.0%
Total Revenues	Rs m	1,089	2,358	116.6%
Gross profit	Rs m	1,028	2,320	125.7%
Depreciation	Rs m	8	9	14.4%
Interest	Rs m	0	0	0.0%
Profit before tax	Rs m	1,020	2,316	127.1%
Tax	Rs m	286	559	95.4%
Profit after tax	Rs m	734	1,757	139.4%
Gross profit margin	%	94.4	98.6
Effective tax rate	%	28.0	24.1
Net profit margin	%	67.4	74.7

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

ELCID INVESTMENTS Balance Sheet Analysis

• The company's current liabilities during FY24 stood at Rs 1 billion as compared to Rs 718 million in FY23, thereby witnessing an increase of 47.5%.
• Current assets rose 31% and stood at Rs 957 million, while fixed assets rose 5% and stood at Rs 125 billion in FY24.
• Overall, the total assets and liabilities for FY24 stood at Rs 126 billion as against Rs 120 billion during FY23, thereby witnessing a growth of 5%.

ELCID INVESTMENTS Balance Sheet as on March 2024

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Networth	Rs m	111,922	116,845	4.4
Current Liabilities	Rs m	718	1,059	47.5
Long-term Debt	Rs m	0	0	0.0
Total Liabilities	Rs m	120,084	125,765	4.7
Current assets	Rs m	732	957	30.7
Fixed Assets	Rs m	119,352	124,808	4.6
Total Assets	Rs m	120,084	125,765	4.7

ELCID INVESTMENTS Cash Flow Statement Analysis

• ELCID INVESTMENTS's cash flow from operating activities (CFO) during FY24 stood at Rs 777 million, an improvement of 109.5% on a YoY basis.
• Cash flow from investing activities (CFI) during FY24 stood at Rs -871 million, an improvement of 222.4% on a YoY basis.
• Cash flow from financial activities (CFF) during FY24 stood at Rs -5 million on a YoY basis.
• Overall, net cash flows for the company during FY24 stood at Rs -99 million from the Rs 98 million net cash flows seen during FY23.

ELCID INVESTMENTS 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	371	777	109.5%
Cash Flow from Investing Activities	Rs m	-270	-871	-
Cash Flow from Financing Activities	Rs m	-3	-5	-
Net Cash Flow	Rs m	98	-99	-

Current Valuations for ELCID INVESTMENTS

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 8,786.8, an improvement from the EPS of Rs 3,670.7 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 236,250.0, stands at 22.1 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 0.4 times, while the price to sales ratio stands at 20.1 times.
• The company's price to cash flow (P/CF) ratio stood at 0.0 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	5,443.6	11,763.6
TTM Earnings per share	Rs	3,670.7	8,786.8
Diluted earnings per share	Rs	3,670.7	8,786.8
Price to Cash Flow	x	0.0	0.0
TTM P/E ratio	x	0.0	22.1
Price / Book Value ratio	x	0.0	0.0
Market Cap	Rs m	1	1
Dividends per share (Unadj.)	Rs	25.0	25.0

Ratio Analysis for ELCID INVESTMENTS

• Solvency Ratios

Current Ratio: The company's current ratio deteriorated and stood at 0.9x during FY24, from 1.0x 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 1.5% during FY24, from 0.7% 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 2.0% during FY24, from 0.9% 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 1.4% during FY24, from 0.6% 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	1.0	0.9
Debtors’ Days	Days	4	5
Interest coverage	x	0.0	0.0
Debt to equity ratio	x	0.0	0.0
Return on assets	%	0.6	1.4
Return on equity	%	0.7	1.5
Return on capital employed	%	0.9	2.0

To see how ELCID INVESTMENTS has performed over the last 5 years, please visit here.

ELCID INVESTMENTS Share Price Performance

Over the last one year, ELCID INVESTMENTS share price has moved {{varPrevCurrYearUpDown}} from Rs {{varLastYearSameDayValue}} to Rs {{varCurrYearCurrDayValue}}, registering a {{varPrevCurrYearComp}} of Rs {{varPrevCurrYearCompValue}} or around {{varPrevCurrYearCompPerValue}}%.

Meanwhile, the{{varBSEIndexName}} is trading at Rs {{varBSEIndexValue}} ({{varBSEIndexPrevCurrComp}} {{varBSEIndexPrevCurrPerValue}}%). Over the last one year it has moved {{varBSEIndexPrevCurrYearComp}} from {{varBSEIndexPrevYearValue}} to {{varBSEIndexCurrentYearValue}}, a {{varBSEIndexPrevCurrGainLoss}} of {{varBSEIndexPrevCurrSubstraction}} points ({{varBSEIndexPrevCurrYearCompOverYear}} {{varBSEIndexPrevCurrPerValueOverYear}}%).

Overall, the {{varBSESensexName}} is {{varBSESensexCurrStatus}} {{varBSESensexCurrValue}}% over the year.

(To know more, check out historical annual results for ELCID INVESTMENTS and quarterly results for ELCID INVESTMENTS)