JAI MATA GLASS 2021-22 Annual Report Analysis

Thu, 16 Jun

JAI MATA GLASS has announced its results for the year ended March 2022. Let us have a look at the detailed performance review of the company during FY21-22.

JAI MATA GLASS Income Statement Analysis

• Operating income during the year rose 528.6% on a year-on-year (YoY) basis.
• The company's operating profit increased by 19.4% YoY during the fiscal. Operating profit margins witnessed a growth and down at 86.6% in FY22 as against 455.7% in FY21.
• Depreciation charges decreased by 2.0% and finance costs decreased by 61.5% YoY, respectively.
• Other income declined by 65.1% YoY.
• Net profit for the year declined by 115.1% YoY.
• Net profit margins during the year declined from 0.0% in FY21 to 20.8% in FY22.

JAI MATA GLASS Income Statement 2021-22

No. of Mths Year Ending		12 Mar-21*	12 Mar-22*	% Change
Net Sales	Rs m	1	4	528.6%
Other income	Rs m	10	3	-65.1%
Total Revenues	Rs m	11	8	-25.6%
Gross profit	Rs m	-3	-4	19.4%
Depreciation	Rs m	0	0	-2.0%
Interest	Rs m	0	0	-61.5%
Profit before tax	Rs m	6	-1	-115.1%
Tax	Rs m	0	0	0.0%
Profit after tax	Rs m	6	-1	-115.1%
Gross profit margin	%	-455.7	-86.6
Effective tax rate	%	0.0	0.0
Net profit margin	%	0.0	-20.8

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

JAI MATA GLASS Balance Sheet Analysis

• The company's current liabilities during FY22 down at Rs 1 million as compared to Rs 14 million in FY21, thereby witnessing an decrease of -90.2%.
• Current assets fell 69% and stood at Rs 8 million, while fixed assets rose 52% and stood at Rs 20 million in FY22.
• Overall, the total assets and liabilities for FY22 stood at Rs 29 million as against Rs 41 million during FY21, thereby witnessing a fall of 29%.

JAI MATA GLASS Balance Sheet as on March 2022

No. of Mths Year Ending		12 Mar-21*	12 Mar-22*	% Change
Networth	Rs m	34	27	-18.5
Current Liabilities	Rs m	14	1	-90.2
Long-term Debt	Rs m	0	0	0.0
Total Liabilities	Rs m	41	29	-29.4
Current assets	Rs m	27	8	-69.4
Fixed Assets	Rs m	13	20	52.1
Total Assets	Rs m	41	29	-29.4

JAI MATA GLASS Cash Flow Statement Analysis

• JAI MATA GLASS's cash flow from operating activities (CFO) during FY22 stood at Rs -10 million on a YoY basis.
• Cash flow from investing activities (CFI) during FY22 stood at Rs 7 million on a YoY basis.
• Cash flow from financial activities (CFF) during FY22 stood at Rs 0 million, an improvement of 0% on a YoY basis.
• Overall, net cash flows for the company during FY22 stood at Rs -4 million from the Rs -2 million net cash flows seen during FY21.

JAI MATA GLASS Cash Flow Statement 2021-22

Particulars	No. of months	12	12	% Change
	Year Ending	Mar-21	Mar-22
Cash Flow from Operating Activities	Rs m	0	-10	-
Cash Flow from Investing Activities	Rs m	-2	7	-
Cash Flow from Financing Activities	Rs m	0	0	0.0%
Net Cash Flow	Rs m	-2	-4	-

Current Valuations for JAI MATA GLASS

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 0.0, an decline from the EPS of Rs 0.1 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 0.5, stands at -50.5 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 1.7 times, while the price to sales ratio stands at 10.7 times.
• The company's price to cash flow (P/CF) ratio stood at -96.0 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending		12 Mar-21*	12 Mar-22*
Sales per share (Unadj.)	Rs	0.0	0.0
TTM Earnings per share	Rs	0.1	0.0
Diluted earnings per share	Rs	0.1	0.0
Price to Cash Flow	x	2.9	-96.0
TTM P/E ratio	x	3.1	-50.5
Price / Book Value ratio	x	0.0	1.5
Market Cap	Rs m	19	42
Dividends per share (Unadj.)	Rs	0.0	0.0

Ratio Analysis for JAI MATA GLASS

• Solvency Ratios

Current Ratio: The company's current ratio improved and stood at 6.2x during FY22, from 2.0x during FY21. 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 -17.4x during FY22, from 47.3x during FY21. 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 -3.3% during FY22, from 18.0% during FY22. 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 -3.2% during FY22, from 18.3% during FY21. 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 -3.0% during FY22, from 15.0% during FY21. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending		12 Mar-21*	12 Mar-22*
Current ratio	x	2.0	6.2
Debtors’ Days	Days	0	0
Interest coverage	x	47.3	-17.4
Debt to equity ratio	x	0.0	0.0
Return on assets	%	15.0	-3.0
Return on equity	%	18.0	-3.3
Return on capital employed	%	18.3	-3.2

To see how JAI MATA GLASS has performed over the last 5 years, please visit here.

JAI MATA GLASS Share Price Performance

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(To know more, check out historical annual results for JAI MATA GLASS and quarterly results for JAI MATA GLASS)