JINDAL ONLINE 2022-23 Annual Report Analysis

Mon, 14 Aug

JINDAL ONLINE 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.

JINDAL ONLINE Income Statement Analysis

• Operating income during the year rose 0.5% on a year-on-year (YoY) basis.
• The company's operating profit was by NA YoY during the fiscal. Operating profit margins witnessed a fall and down at 2.0% in FY23 as against 882.1% in FY22.
• Depreciation charges increased by 0.0% increased by 0.0% YoY, respectively.
• Other income grew by 0.0% YoY.
• Net profit for the year declined by NA YoY.
• Net profit margins during the year grew from 881.4% in FY22 to 1.6% in FY23.

JINDAL ONLINE Income Statement 2022-23

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*	% Change
Net Sales	Rs m	2	2	0.5%
Other income	Rs m	0	0	0.0%
Total Revenues	Rs m	2	2	0.5%
Gross profit	Rs m	-17	0	NA
Depreciation	Rs m	0	0	0.0%
Interest	Rs m	0	0	0.0%
Profit before tax	Rs m	-17	0	NA
Tax	Rs m	0	0	NA
Profit after tax	Rs m	-17	0	NA
Gross profit margin	%	-882.1	2.0
Effective tax rate	%	0.1	25.0
Net profit margin	%	-881.4	1.6

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JINDAL ONLINE Balance Sheet Analysis

• The company's current liabilities during FY23 stood at Rs 0 million as compared to Rs 0 million in FY22, thereby witnessing an increase of 30.0%.
• Current assets rose 228% and stood at Rs 1 million, while fixed assets fell 9% and stood at Rs 6 million in FY23.
• Overall, the total assets and liabilities for FY23 stood at Rs 7 million as against Rs 7 million during FY22, thereby witnessing a growth of 1%.

JINDAL ONLINE Balance Sheet as on March 2023

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*	% Change
Networth	Rs m	7	7	0.4
Current Liabilities	Rs m	0	0	30.0
Long-term Debt	Rs m	0	0	0.0
Total Liabilities	Rs m	7	7	1.0
Current assets	Rs m	0	1	227.6
Fixed Assets	Rs m	6	6	-9.3
Total Assets	Rs m	7	7	1.0

JINDAL ONLINE Cash Flow Statement Analysis

• JINDAL ONLINE's cash flow from operating activities (CFO) during FY23 stood at Rs 1 million on a YoY basis.
• Cash flow from investing activities (CFI) during FY23 stood at Rs 0 million, an improvement of 0.0% on a YoY basis.
• Cash flow from financial activities (CFF) during FY23 stood at Rs 0 million, an improvement of 0% on a YoY basis.
• Overall, net cash flows for the company during FY23 stood at Rs 1 million from the Rs -1 million net cash flows seen during FY22.

JINDAL ONLINE Cash Flow Statement 2022-23

Particulars	No. of months	12	12	% Change
	Year Ending	Mar-22	Mar-23
Cash Flow from Operating Activities	Rs m	-1	1	-
Cash Flow from Investing Activities	Rs m	0	0	0.0%
Cash Flow from Financing Activities	Rs m	0	0	0.0%
Net Cash Flow	Rs m	-1	1	-

Current Valuations for JINDAL ONLINE

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 0.0, an improvement from the EPS of Rs -0.4 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 2.0, stands at -4,724.5 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 14.1 times, while the price to sales ratio stands at 48.0 times.
• The company's price to cash flow (P/CF) ratio stood at 2,950.8 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*
Sales per share (Unadj.)	Rs	0.0	0.0
TTM Earnings per share	Rs	-0.4	0.0
Diluted earnings per share	Rs	-0.4	0.0
Price to Cash Flow	x	-1.9	2,950.8
TTM P/E ratio	x	-1.9	-4,724.5
Price / Book Value ratio	x	0.0	13.2
Market Cap	Rs m	32	89
Dividends per share (Unadj.)	Rs	0.0	0.0

Ratio Analysis for JINDAL ONLINE

• Solvency Ratios

Current Ratio: The company's current ratio improved and stood at 7.3x during FY23, from 2.9x during FY22. 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 0.5% during FY23, from -259.0% 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 0.6% during FY23, from -259.2% 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 0.5% during FY23, from -255.5% during FY22. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*
Current ratio	x	2.9	7.3
Debtors’ Days	Days	0	2
Interest coverage	x	0.0	0.0
Debt to equity ratio	x	0.0	0.0
Return on assets	%	-255.5	0.5
Return on equity	%	-259.0	0.5
Return on capital employed	%	-259.2	0.6

To see how JINDAL ONLINE has performed over the last 5 years, please visit here.

JINDAL ONLINE Share Price Performance

Over the last one year, JINDAL ONLINE share price has moved up from Rs 0.0 to Rs 2.0, registering a gain of Rs 2.0 or around 0.0%.

Overall, the S&P BSE SENSEX is up 10.6% over the year.

(To know more, check out historical annual results for JINDAL ONLINE and quarterly results for JINDAL ONLINE)