GITA RENEWABLE 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.
No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | % Change | |
---|---|---|---|---|
Net Sales | Rs m | 2 | 2 | -12.5% |
Other income | Rs m | 30 | 87 | 186.2% |
Total Revenues | Rs m | 33 | 89 | 171.6% |
Gross profit | Rs m | -6 | -5 | NA |
Depreciation | Rs m | 0 | 0 | 0.0% |
Interest | Rs m | 0 | 3 | 0.0% |
Profit before tax | Rs m | 24 | 79 | 230.1% |
Tax | Rs m | 0 | 0 | 0.0 |
Profit after tax | Rs m | 24 | 79 | 230.1% |
Gross profit margin | % | -269.2 | -251.9 | |
Effective tax rate | % | 0.0 | 0.0 | |
Net profit margin | % | 991.9 | 3,742.3 |
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No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | % Change | |
---|---|---|---|---|
Networth | Rs m | 159 | 138 | -13.8 |
Current Liabilities | Rs m | 7 | 4 | -34.6 |
Long-term Debt | Rs m | 264 | 0 | -100.0 |
Total Liabilities | Rs m | 431 | 142 | -67.0 |
Current assets | Rs m | 136 | 16 | -88.2 |
Fixed Assets | Rs m | 295 | 126 | -57.3 |
Total Assets | Rs m | 431 | 142 | -67.0 |
Particulars | No. of months | 12 | 12 | % Change |
---|---|---|---|---|
Year Ending | Mar-22 | Mar-23 | ||
Cash Flow from Operating Activities | Rs m | -243 | 152 | - |
Cash Flow from Investing Activities | Rs m | -44 | 69 | - |
Cash Flow from Financing Activities | Rs m | 264 | -264 | - |
Net Cash Flow | Rs m | -22 | -44 | - |
No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | |
---|---|---|---|
Sales per share (Unadj.) | Rs | 0.6 | 0.5 |
TTM Earnings per share | Rs | 5.8 | 19.1 |
Diluted earnings per share | Rs | 5.8 | 19.1 |
Price to Cash Flow | x | 34.5 | 7.4 |
TTM P/E ratio | x | 50.5 | 6.8 |
Price / Book Value ratio | x | 4.6 | 4.2 |
Market Cap | Rs m | 726 | 581 |
Dividends per share (Unadj.) | Rs | 0.0 | 0.0 |
Current Ratio: The company's current ratio deteriorated and stood at 3.6x during FY23, from 20.0x 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 29.7x during FY23, from 0.0x 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.
Return on Equity (ROE): The ROE for the company improved and stood at 57.2% during FY23, from 14.9% 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 59.1% during FY23, from 5.6% 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 57.3% during FY23, from 5.5% during FY22. The ROA measures how efficiently the company uses its assets to generate earnings.
No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | |
---|---|---|---|
Current ratio | x | 20.0 | 3.6 |
Debtors’ Days | Days | 91,437 | 7,505 |
Interest coverage | x | 0.0 | 29.7 |
Debt to equity ratio | x | 1.7 | 0.0 |
Return on assets | % | 5.5 | 57.3 |
Return on equity | % | 14.9 | 57.2 |
Return on capital employed | % | 5.6 | 59.1 |
To see how GITA RENEWABLE has performed over the last 5 years, please visit here.
Over the last one year, GITA RENEWABLE share price has moved down from Rs 133.1 to Rs 121.2, registering a loss of Rs 11.9 or around 8.9%.
Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 18,614.2 (down 0.9%). Over the last one year it has moved down from 18,707.1 to 18,614.2, a loss of 93 points (down 0.5%).
Overall, the S&P BSE SENSEX is up 15.6% over the year.
(To know more, check out historical annual results for GITA RENEWABLE and quarterly results for GITA RENEWABLE)
GITA RENEWABLE currently trades at Rs 154.7 per share. You can check out the latest share price performance of GITA RENEWABLE here...
The revenues of GITA RENEWABLE stood at Rs 89 m in FY23, which was up 171.6% compared to Rs 33 m reported in FY22.
GITA RENEWABLE's revenue has grown from Rs 4 m in FY19 to Rs 89 m in FY23.
Over the past 5 years, the revenue of GITA RENEWABLE has grown at a CAGR of 122.8%.
The net profit of GITA RENEWABLE stood at Rs 79 m in FY23, which was up 230.1% compared to Rs 24 m reported in FY22.
This compares to a net loss of Rs -141 m in FY21 and a net loss of Rs -17 m in FY20.
Over the past 5 years, GITA RENEWABLE net profit has grown at a CAGR of NaN%.
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 GITA RENEWABLE reveals:
Here's the cash flow statement of GITA RENEWABLE for the past 5 years.
(Rs m) | FY19 | FY20 | FY21 | FY22 | FY23 |
---|---|---|---|---|---|
From Operations | 68 | 71 | -230 | -243 | 152 |
From Investments | -69 | -56 | 281 | -44 | 69 |
From Financial Activity | 0 | 0 | 0 | 264 | -264 |
Net Cashflow | -1 | 15 | 52 | -22 | -44 |
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 GITA RENEWABLE reveals:
Here's the ratio/financial analysis of GITA RENEWABLE for the past 5 years.
FY19 | FY20 | FY21 | FY22 | FY23 | |
---|---|---|---|---|---|
Operating Profit Margin (%) | 18.8 | 11.7 | -5,964.9 | -269.0 | -251.9 |
Net Profit Margin (%) | -519.3 | -484.9 | -5,889.6 | 991.9 | 3,742.3 |
Debt to Equity Ratio (x) | 0.0 | 0.0 | 0.0 | 1.7 | 0.0 |
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