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ALLCARGO GATI 2023-24 Annual Report Analysis
Wed, 21 Aug

ALLCARGO GATI 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.

ALLCARGO GATI Income Statement Analysis

  • Operating income during the year fell 1.5% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 10.3% YoY during the fiscal. Operating profit margins witnessed a fall and down at 3.9% in FY24 as against 3.5% in FY23.
  • Depreciation charges increased by 16.4% and finance costs increased by 2.2% YoY, respectively.
  • Other income declined by 6.5% YoY.
  • Net profit for the year declined by NA YoY.
  • Net profit margins during the year grew from 0.6% in FY23 to 0.4% in FY24.

ALLCARGO GATI Income Statement 2023-24

No. of Mths Year Ending 12 Mar-23* 12 Mar-24* % Change
Net Sales Rs m 17,232 16,980 -1.5%
Other income Rs m 337 315 -6.5%
Total Revenues Rs m 17,569 17,295 -1.6%
Gross profit Rs m 602 664 10.3%
Depreciation Rs m 592 689 16.4%
Interest Rs m 294 300 2.2%
Profit before tax Rs m 53 -11 NA
Tax Rs m 162 -72 NA
Profit after tax Rs m -109 61 NA
Gross profit margin % 3.5 3.9
Effective tax rate % 305.8 677.4
Net profit margin % -0.6 0.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

ALLCARGO GATI Balance Sheet Analysis

  • The company's current liabilities during FY24 down at Rs 4 billion as compared to Rs 4 billion in FY23, thereby witnessing an decrease of -1.9%.
  • Current assets rose 13% and stood at Rs 5 billion, while fixed assets rose 4% and stood at Rs 8 billion in FY24.
  • Overall, the total assets and liabilities for FY24 stood at Rs 13 billion as against Rs 13 billion during FY23, thereby witnessing a growth of 2%.

ALLCARGO GATI Balance Sheet as on March 2024

No. of Mths Year Ending 12 Mar-23* 12 Mar-24* % Change
Networth Rs m 5,982 6,153 2.9
 
Current Liabilities Rs m 4,169 4,088 -1.9
Long-term Debt Rs m 0 0 -100.0
Total Liabilities Rs m 12,584 12,878 2.3
 
Current assets Rs m 4,212 4,769 13.2
Fixed Assets Rs m 7,633 7,974 4.5
Total Assets Rs m 12,584 12,878 2.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



ALLCARGO GATI Cash Flow Statement Analysis

  • ALLCARGO GATI's cash flow from operating activities (CFO) during FY24 stood at Rs 726 million, an improvement of 24.8% on a YoY basis.
  • Cash flow from investing activities (CFI) during FY24 stood at Rs 518 million on a YoY basis.
  • Cash flow from financial activities (CFF) during FY24 stood at Rs -547 million on a YoY basis.
  • Overall, net cash flows for the company during FY24 stood at Rs 697 million from the Rs 31 million net cash flows seen during FY23.

ALLCARGO GATI 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 582 726 24.8%
Cash Flow from Investing Activities Rs m -163 518 -
Cash Flow from Financing Activities Rs m -387 -547 -
Net Cash Flow Rs m 31 697 2,134.0%
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for ALLCARGO GATI

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 0.5, an improvement from the EPS of Rs -0.8 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 100.3, stands at 220.0 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 2.4 times, while the price to sales ratio stands at 0.8 times.
  • The company's price to cash flow (P/CF) ratio stood at 23.7 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 132.4 130.4
TTM Earnings per share Rs -0.8 0.5
Diluted earnings per share Rs -0.7 0.4
Price to Cash Flow x 30.7 23.7
TTM P/E ratio x -135.7 220.0
Price / Book Value ratio x 3.2 2.9
Market Cap Rs m 19,058 17,786
Dividends per share (Unadj.) Rs 0.0 0.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for ALLCARGO GATI

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.2x during FY24, from 1.0x 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 1.0x during FY24, from 1.2x 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 improved and stood at 1.0% during FY24, from -1.8% 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 4.7% during FY24, from 5.8% 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 2.8% during FY24, from 1.5% 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 1.2
Debtors’ Days Days 565 524
Interest coverage x 1.2 1.0
Debt to equity ratio x 0.0 0.0
Return on assets % 1.5 2.8
Return on equity % -1.8 1.0
Return on capital employed % 5.8 4.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how ALLCARGO GATI has performed over the last 5 years, please visit here.

ALLCARGO GATI Share Price Performance

Over the last one year, ALLCARGO GATI share price has moved down from Rs 153.3 to Rs 100.3, registering a loss of Rs 53.0 or around 34.6%.

Overall, the S&P BSE SENSEX is up 23.8% over the year.

(To know more, check out historical annual results for ALLCARGO GATI and quarterly results for ALLCARGO GATI)

Annual Report FAQs

What is the current share price of ALLCARGO GATI?

ALLCARGO GATI currently trades at Rs 91.5 per share. You can check out the latest share price performance of ALLCARGO GATI here...

What was the revenue of ALLCARGO GATI in FY24? How does it compare to earlier years?

The revenues of ALLCARGO GATI stood at Rs 17,295 m in FY24, which was down -1.6% compared to Rs 17,569 m reported in FY23.

ALLCARGO GATI's revenue has grown from Rs 17,259 m in FY20 to Rs 17,295 m in FY24.

Over the past 5 years, the revenue of ALLCARGO GATI has grown at a CAGR of 0.1%.

What was the net profit of ALLCARGO GATI in FY24? How does it compare to earlier years?

The net profit of ALLCARGO GATI stood at Rs 61 m in FY24, which was NA compared to Rs -109 m reported in FY23.

This compares to a net loss of Rs -44 m in FY22 and a net loss of Rs -2,459 m in FY21.

Over the past 5 years, ALLCARGO GATI net profit has grown at a CAGR of NaN%.

What does the cash flow statement of ALLCARGO GATI reveal?

The cash flow statement is the financial statement that presents the cash inflows and outflows of a company during a given period of time.

This statement is one of the most useful tools for judging a company's liquidity position. The ratios and parameters in this statement helps test a company's financial health.

The cash flow statement of ALLCARGO GATI reveals:

  • Cash flow from operations increased in FY24 and stood at Rs 726 m as compared to Rs 582 m in FY23.
  • Cash flow from investments increased in FY24 and stood at Rs 518 m as compared to Rs -163 m in FY23.
  • Cash flow from financial activity decreased in FY24 and stood at Rs -547 m as compared to Rs -387 m in FY23.

Here's the cash flow statement of ALLCARGO GATI for the past 5 years.

(Rs m)FY20FY21FY22FY23FY24
From Operations283489-65582726
From Investments-8321,348269-163518
From Financial Activity712-1,734-469-387-547
Net Cashflow16388-26731697

What does the Key Ratio analysis of ALLCARGO GATI reveal?

Be it the company's profitability, operations effectiveness or utilization of funds, ratio analysis is an important tool which helps in making investment decisions.

The ratio/financial analysis of ALLCARGO GATI reveals:

  • Operating profit margins witnessed a fall and down at 3.9% in FY24 as against 3.5% in FY23.
  • Net profit margins grew from 0.6% in FY23 to 0.4% in FY24.
  • Debt to Equity ratio for FY24 stood at 0.0 as compared to 0.0 in FY23.

Here's the ratio/financial analysis of ALLCARGO GATI for the past 5 years.

 FY20FY21FY22FY23FY24
Operating Profit Margin (%)2.1-13.73.13.53.9
Net Profit Margin (%)-4.9-18.7-0.3-0.60.4
Debt to Equity Ratio (x)0.10.00.00.00.0

 

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