JAYSHREE CHEMICALS 2021-22 Annual Report Analysis

Tue, 20 Sep

JAYSHREE CHEMICALS 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.

JAYSHREE CHEMICALS Income Statement Analysis

• Operating income during the year rose 980.8% on a year-on-year (YoY) basis.
• The company's operating profit was by NA YoY during the fiscal. Operating profit margins witnessed a growth and down at 18.7% in FY22 as against 229.5% in FY21.
• Depreciation charges decreased by 1.2% and finance costs decreased by 100.0% YoY, respectively.
• Other income declined by 19.2% YoY.
• Net profit for the year grew by NA YoY.
• Net profit margins during the year grew from 38.1% in FY21 to 5.1% in FY22.

JAYSHREE CHEMICALS Income Statement 2021-22

No. of Mths Year Ending		12 Mar-21*	12 Mar-22*	% Change
Net Sales	Rs m	6	67	980.8%
Other income	Rs m	14	12	-19.2%
Total Revenues	Rs m	21	79	280.9%
Gross profit	Rs m	-14	-13	NA
Depreciation	Rs m	3	3	-1.2%
Interest	Rs m	0	0	-100.0%
Profit before tax	Rs m	-2	-3	NA
Tax	Rs m	0	0	0.0
Profit after tax	Rs m	-2	-3	NA
Gross profit margin	%	-229.5	-18.7
Effective tax rate	%	0.0	0.0
Net profit margin	%	-38.1	-5.1

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JAYSHREE CHEMICALS Balance Sheet Analysis

• The company's current liabilities during FY22 stood at Rs 71 million as compared to Rs 70 million in FY21, thereby witnessing an increase of 0.7%.
• Current assets fell 1% and stood at Rs 188 million, while fixed assets fell 6% and stood at Rs 41 million in FY22.
• Overall, the total assets and liabilities for FY22 stood at Rs 230 million as against Rs 233 million during FY21, thereby witnessing a fall of 2%.

JAYSHREE CHEMICALS Balance Sheet as on March 2022

No. of Mths Year Ending		12 Mar-21*	12 Mar-22*	% Change
Networth	Rs m	163	159	-2.5
Current Liabilities	Rs m	70	71	0.7
Long-term Debt	Rs m	0	0	0.0
Total Liabilities	Rs m	233	230	-1.6
Current assets	Rs m	189	188	-0.6
Fixed Assets	Rs m	44	41	-5.7
Total Assets	Rs m	233	230	-1.6

JAYSHREE CHEMICALS Cash Flow Statement Analysis

• JAYSHREE CHEMICALS's cash flow from operating activities (CFO) during FY22 stood at Rs -28 million on a YoY basis.
• Cash flow from investing activities (CFI) during FY22 stood at Rs 66 million on a YoY basis.
• Cash flow from financial activities (CFF) during FY22 stood at Rs 0 million, an improvement of 100% on a YoY basis.
• Overall, net cash flows for the company during FY22 stood at Rs 38 million from the Rs -54 million net cash flows seen during FY21.

JAYSHREE CHEMICALS 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	-28	-
Cash Flow from Investing Activities	Rs m	-54	66	-
Cash Flow from Financing Activities	Rs m	0	0	-100.0%
Net Cash Flow	Rs m	-54	38	-

Current Valuations for JAYSHREE CHEMICALS

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs -0.1, 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 7.3, stands at -50.6 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 1.3 times, while the price to sales ratio stands at 3.2 times.
• The company's price to cash flow (P/CF) ratio stood at -241.6 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	0.2	2.3
TTM Earnings per share	Rs	-0.1	-0.1
Diluted earnings per share	Rs	-0.1	-0.1
Price to Cash Flow	x	435.2	-241.6
TTM P/E ratio	x	-39.7	-50.6
Price / Book Value ratio	x	0.8	1.3
Market Cap	Rs m	124	202
Dividends per share (Unadj.)	Rs	0.0	0.0

Ratio Analysis for JAYSHREE CHEMICALS

• Solvency Ratios

Current Ratio: The company's current ratio deteriorated and stood at 2.6x during FY22, from 2.7x during FY21. 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 declined and down at -2.1% during FY22, from -1.5% 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 -2.1% during FY22, from -1.5% 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 -1.5% during FY22, from -1.0% 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	2.7	2.6
Debtors’ Days	Days	8,061	1,522
Interest coverage	x	-236.0	0.0
Debt to equity ratio	x	0.0	0.0
Return on assets	%	-1.0	-1.5
Return on equity	%	-1.5	-2.1
Return on capital employed	%	-1.5	-2.1

To see how JAYSHREE CHEMICALS has performed over the last 5 years, please visit here.

JAYSHREE CHEMICALS Share Price Performance

Over the last one year, JAYSHREE CHEMICALS share price has moved up from Rs 7.0 to Rs 7.3, registering a gain of Rs 0.2 or around 3.0%.

Overall, the S&P BSE SENSEX is up 0.9% over the year.

(To know more, check out historical annual results for JAYSHREE CHEMICALS and quarterly results for JAYSHREE CHEMICALS)