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KOLTE PATIL 2023-24 Annual Report Analysis
Mon, 29 Jul

KOLTE PATIL 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.

KOLTE PATIL Income Statement Analysis

  • Operating income during the year fell 7.9% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 90.5% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 1.3% in FY24 as against 12.6% in FY23.
  • Depreciation charges increased by 22.8% and finance costs increased by 140.6% YoY, respectively.
  • Other income declined by 28.5% YoY.
  • Net profit for the year declined by NA YoY.
  • Net profit margins during the year declined from 7.6% in FY23 to 4.9% in FY24.

KOLTE PATIL Income Statement 2023-24

No. of Mths Year Ending 12 Mar-23* 12 Mar-24* % Change
Net Sales Rs m 14,884 13,715 -7.9%
Other income Rs m 326 233 -28.5%
Total Revenues Rs m 15,210 13,948 -8.3%
Gross profit Rs m 1,877 179 -90.5%
Depreciation Rs m 116 142 22.8%
Interest Rs m 407 979 140.6%
Profit before tax Rs m 1,681 -709 NA
Tax Rs m 546 -34 NA
Profit after tax Rs m 1,135 -675 NA
Gross profit margin % 12.6 1.3
Effective tax rate % 32.5 4.8
Net profit margin % 7.6 -4.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Dear Reader: If You Invest in Midcap Stocks, this is for You

KOLTE PATIL Balance Sheet Analysis

  • The company's current liabilities during FY24 stood at Rs 39 billion as compared to Rs 27 billion in FY23, thereby witnessing an increase of 43.5%.
  • Long-term debt down at Rs 2 billion as compared to Rs 3 billion during FY23, a fall of 37.0%.
  • Current assets rose 23% and stood at Rs 43 billion, while fixed assets rose 21% and stood at Rs 5 billion in FY24.
  • Overall, the total assets and liabilities for FY24 stood at Rs 48 billion as against Rs 39 billion during FY23, thereby witnessing a growth of 23%.

KOLTE PATIL Balance Sheet as on March 2024

No. of Mths Year Ending 12 Mar-23* 12 Mar-24* % Change
Networth Rs m 8,674 7,339 -15.4
 
Current Liabilities Rs m 26,892 38,580 43.5
Long-term Debt Rs m 3,492 2,200 -37.0
Total Liabilities Rs m 38,607 47,570 23.2
 
Current assets Rs m 34,590 42,704 23.5
Fixed Assets Rs m 4,017 4,866 21.1
Total Assets Rs m 38,607 47,570 23.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



KOLTE PATIL Cash Flow Statement Analysis

  • KOLTE PATIL's cash flow from operating activities (CFO) during FY24 stood at Rs -1 billion on a YoY basis.
  • Cash flow from investing activities (CFI) during FY24 stood at Rs -1 billion, an improvement of 126.0% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY24 stood at Rs 3 billion, an improvement of 636% on a YoY basis.
  • Overall, net cash flows for the company during FY24 stood at Rs 740 million from the Rs 793 million net cash flows seen during FY23.

KOLTE PATIL 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 1,977 -1,110 -
Cash Flow from Investing Activities Rs m -592 -1,338 -
Cash Flow from Financing Activities Rs m -595 3,188 -
Net Cash Flow Rs m 793 740 -6.7%
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for KOLTE PATIL

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs -8.9, an decline from the EPS of Rs 14.9 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 416.0, stands at -54.8 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 4.3 times, while the price to sales ratio stands at 2.3 times.
  • The company's price to cash flow (P/CF) ratio stood at -58.9 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 195.8 180.5
TTM Earnings per share Rs 14.9 -8.9
Diluted earnings per share Rs 14.9 -8.9
Price to Cash Flow x 15.1 -58.9
TTM P/E ratio x 16.4 -54.8
Price / Book Value ratio x 2.6 4.3
Market Cap Rs m 22,710 31,413
Dividends per share (Unadj.) Rs 4.0 4.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for KOLTE PATIL

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 1.1x during FY24, from 1.3x 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 deteriorated and stood at 0.3x during FY24, from 5.1x 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 -9.2% during FY24, from 13.1% 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 2.8% during FY24, from 17.2% 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 0.6% during FY24, from 4.0% 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 1.3 1.1
Debtors’ Days Days 67 148
Interest coverage x 5.1 0.3
Debt to equity ratio x 0.4 0.3
Return on assets % 4.0 0.6
Return on equity % 13.1 -9.2
Return on capital employed % 17.2 2.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how KOLTE PATIL has performed over the last 5 years, please visit here.

KOLTE PATIL Share Price Performance

Over the last one year, KOLTE PATIL share price has moved down from Rs 420.2 to Rs 416.0, registering a loss of Rs 4.2 or around 1.0%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 8,574.7 (up 1.9%). Over the last one year it has moved up from 4,508.9 to 8,574.7, a gain of 4,066 points (up 90.2%).

Overall, the S&P BSE SENSEX is up 23.0% over the year.

(To know more, check out historical annual results for KOLTE PATIL and quarterly results for KOLTE PATIL)

Annual Report FAQs

What is the current share price of KOLTE PATIL?

KOLTE PATIL currently trades at Rs 360.6 per share. You can check out the latest share price performance of KOLTE PATIL here...

What was the revenue of KOLTE PATIL in FY24? How does it compare to earlier years?

The revenues of KOLTE PATIL stood at Rs 13,948 m in FY24, which was down -8.3% compared to Rs 15,210 m reported in FY23.

KOLTE PATIL's revenue has grown from Rs 11,765 m in FY20 to Rs 13,948 m in FY24.

Over the past 5 years, the revenue of KOLTE PATIL has grown at a CAGR of 4.3%.

What was the net profit of KOLTE PATIL in FY24? How does it compare to earlier years?

The net loss of KOLTE PATIL stood at Rs -675 m in FY24, which was NA compared to Rs 1,135 m reported in FY23.

This compares to a net profit of Rs 864 m in FY22 and a net loss of Rs -38 m in FY21.

Over the past 5 years, KOLTE PATIL net profit has grown at a CAGR of NaN%.

What does the cash flow statement of KOLTE PATIL reveal?

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 KOLTE PATIL reveals:

  • Cash flow from operations decreased in FY24 and stood at Rs -1,110 m as compared to Rs 1,977 m in FY23.
  • Cash flow from investments decreased in FY24 and stood at Rs -1,338 m as compared to Rs -592 m in FY23.
  • Cash flow from financial activity increased in FY24 and stood at Rs 3,188 m as compared to Rs -595 m in FY23.

Here's the cash flow statement of KOLTE PATIL for the past 5 years.

(Rs m)FY20FY21FY22FY23FY24
From Operations3,3493,2383,5491,977-1,110
From Investments-692-1,547-1,152-592-1,338
From Financial Activity-2,271-1,369-2,058-5953,188
Net Cashflow386321340793740

What does the Key Ratio analysis of KOLTE PATIL reveal?

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 KOLTE PATIL reveals:

  • Operating profit margins witnessed a fall and stood at 1.3% in FY24 as against 12.6% in FY23.
  • Net profit margins declined from 7.6% in FY23 to 4.9% in FY24.
  • Debt to Equity ratio for FY24 stood at 0.3 as compared to 0.4 in FY23.

Here's the ratio/financial analysis of KOLTE PATIL for the past 5 years.

 FY20FY21FY22FY23FY24
Operating Profit Margin (%)20.79.016.012.61.3
Net Profit Margin (%)8.8-0.67.77.6-4.9
Debt to Equity Ratio (x)0.50.50.30.40.3

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