JENBURKT PH. 2023-24 Annual Report Analysis

Wed, 3 Jul

JENBURKT PH. 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.

JENBURKT PH. Income Statement Analysis

• Operating income during the year rose 3.8% on a year-on-year (YoY) basis.
• The company's operating profit increased by 9.1% YoY during the fiscal. Operating profit margins witnessed a fall and down at 23.3% in FY24 as against 22.2% in FY23.
• Depreciation charges increased by 3.6% and finance costs decreased by 26.2% YoY, respectively.
• Other income declined by 8.9% YoY.
• Net profit for the year grew by 5.6% YoY.
• Net profit margins during the year grew from 18.0% in FY23 to 18.3% in FY24.

JENBURKT PH. Income Statement 2023-24

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Net Sales	Rs m	1,367	1,420	3.8%
Other income	Rs m	51	47	-8.9%
Total Revenues	Rs m	1,419	1,466	3.4%
Gross profit	Rs m	304	331	9.1%
Depreciation	Rs m	23	23	3.6%
Interest	Rs m	4	3	-26.2%
Profit before tax	Rs m	329	352	7.0%
Tax	Rs m	83	92	11.4%
Profit after tax	Rs m	246	260	5.6%
Gross profit margin	%	22.2	23.3
Effective tax rate	%	25.1	26.2
Net profit margin	%	18.0	18.3

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

JENBURKT PH. Balance Sheet Analysis

• The company's current liabilities during FY24 stood at Rs 164 million as compared to Rs 158 million in FY23, thereby witnessing an increase of 3.9%.
• Current assets rose 35% and stood at Rs 1 billion, while fixed assets fell 9% and stood at Rs 546 million in FY24.
• Overall, the total assets and liabilities for FY24 stood at Rs 2 billion as against Rs 1 billion during FY23, thereby witnessing a growth of 16%.

JENBURKT PH. Balance Sheet as on March 2024

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Networth	Rs m	1,224	1,449	18.4
Current Liabilities	Rs m	158	164	3.9
Long-term Debt	Rs m	0	0	0.0
Total Liabilities	Rs m	1,414	1,643	16.2
Current assets	Rs m	811	1,097	35.3
Fixed Assets	Rs m	603	546	-9.5
Total Assets	Rs m	1,414	1,643	16.2

JENBURKT PH. Cash Flow Statement Analysis

• JENBURKT PH.'s cash flow from operating activities (CFO) during FY24 stood at Rs 81 million on a YoY basis.
• Cash flow from investing activities (CFI) during FY24 stood at Rs -6 million on a YoY basis.
• Cash flow from financial activities (CFF) during FY24 stood at Rs -71 million, an improvement of 66% on a YoY basis.
• Overall, net cash flows for the company during FY24 stood at Rs 5 million from the Rs -14 million net cash flows seen during FY23.

JENBURKT PH. 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	171	81	-52.4%
Cash Flow from Investing Activities	Rs m	26	-6	-
Cash Flow from Financing Activities	Rs m	-210	-71	-
Net Cash Flow	Rs m	-14	5	-

Current Valuations for JENBURKT PH.

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 58.9, an improvement from the EPS of Rs 55.8 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 876.0, stands at 14.9 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 2.7 times, while the price to sales ratio stands at 2.7 times.
• The company's price to cash flow (P/CF) ratio stood at 11.8 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	310.1	321.9
TTM Earnings per share	Rs	55.8	58.9
Diluted earnings per share	Rs	55.8	58.9
Price to Cash Flow	x	10.9	11.8
TTM P/E ratio	x	11.9	14.9
Price / Book Value ratio	x	2.2	2.3
Market Cap	Rs m	2,675	3,336
Dividends per share (Unadj.)	Rs	14.4	15.3

Ratio Analysis for JENBURKT PH.

• Solvency Ratios

Current Ratio: The company's current ratio improved and stood at 6.7x during FY24, from 5.1x 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 improved and stood at 130.8x during FY24, from 90.6x 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 20.1% 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 24.5% during FY24, from 27.2% 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 16.0% during FY24, from 17.7% 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	5.1	6.7
Debtors’ Days	Days	453	501
Interest coverage	x	90.6	130.8
Debt to equity ratio	x	0.0	0.0
Return on assets	%	17.7	16.0
Return on equity	%	20.1	17.9
Return on capital employed	%	27.2	24.5

To see how JENBURKT PH. has performed over the last 5 years, please visit here.

JENBURKT PH. Share Price Performance

Over the last one year, JENBURKT PH. share price has moved up from Rs 719.3 to Rs 876.0, registering a gain of Rs 156.7 or around 21.8%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 37,441.0 (up 0.8%). Over the last one year it has moved up from 25,627.6 to 37,441.0, a gain of 11,813 points (up 46.1%).

Overall, the S&P BSE SENSEX is up 22.5% over the year.

(To know more, check out historical annual results for JENBURKT PH. and quarterly results for JENBURKT PH.)