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NAMO EWASTE MANAGEMENT LTD. 2023-24 Annual Report Analysis

Mon, 11 Nov

NAMO EWASTE MANAGEMENT LTD. 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.

NAMO EWASTE MANAGEMENT LTD. Income Statement Analysis

• Operating income during the year rose 72.7% on a year-on-year (YoY) basis.
• The company's operating profit increased by 192.7% YoY during the fiscal. Operating profit margins witnessed a fall and down at 11.3% in FY24 as against 6.7% in FY23.
• Depreciation charges increased by 161.4% and finance costs increased by 268.3% YoY, respectively.
• Other income grew by 25.2% YoY.
• Net profit for the year grew by 182.7% YoY.
• Net profit margins during the year grew from 4.1% in FY23 to 6.8% in FY24.

NAMO EWASTE MANAGEMENT LTD. Income Statement 2023-24

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Net Sales	Rs m	584	1,009	72.7%
Other income	Rs m	1	1	25.2%
Total Revenues	Rs m	586	1,011	72.6%
Gross profit	Rs m	39	114	192.7%
Depreciation	Rs m	4	12	161.4%
Interest	Rs m	3	13	268.3%
Profit before tax	Rs m	32	91	183.1%
Tax	Rs m	8	23	184.1%
Profit after tax	Rs m	24	68	182.7%
Gross profit margin	%	6.7	11.3
Effective tax rate	%	25.2	25.3
Net profit margin	%	4.1	6.8

For Investors: Our Big Prediction

NAMO EWASTE MANAGEMENT LTD. Balance Sheet Analysis

• The company's current liabilities during FY24 stood at Rs 240 million as compared to Rs 78 million in FY23, thereby witnessing an increase of 207.2%.
• Long-term debt stood at Rs 32 million as compared to Rs 30 million during FY23, a growth of 4.4%.
• Current assets rose 159% and stood at Rs 400 million, while fixed assets fell 4% and stood at Rs 228 million in FY24.
• Overall, the total assets and liabilities for FY24 stood at Rs 627 million as against Rs 391 million during FY23, thereby witnessing a growth of 60%.

NAMO EWASTE MANAGEMENT LTD. Balance Sheet as on March 2024

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Networth	Rs m	256	353	37.5
Current Liabilities	Rs m	78	240	207.2
Long-term Debt	Rs m	30	32	4.4
Total Liabilities	Rs m	391	627	60.4
Current assets	Rs m	154	400	159.3
Fixed Assets	Rs m	237	228	-4.0
Total Assets	Rs m	391	627	60.4

NAMO EWASTE MANAGEMENT LTD. Cash Flow Statement Analysis

• NAMO EWASTE MANAGEMENT LTD.'s cash flow from operating activities (CFO) during FY24 stood at Rs -95 million on a YoY basis.
• Cash flow from investing activities (CFI) during FY24 stood at Rs 1 million on a YoY basis.
• Cash flow from financial activities (CFF) during FY24 stood at Rs 99 million, an improvement of 449% on a YoY basis.
• Overall, net cash flows for the company during FY24 stood at Rs 5 million from the Rs -1 million net cash flows seen during FY23.

NAMO EWASTE MANAGEMENT LTD. 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	48	-95	-
Cash Flow from Investing Activities	Rs m	-21	1	-
Cash Flow from Financing Activities	Rs m	-28	99	-
Net Cash Flow	Rs m	-1	5	-

Current Valuations for NAMO EWASTE MANAGEMENT LTD.

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 4.1, an decline from the EPS of Rs 5.3 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 216.8, stands at 72.6 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 3.6 times.
• The company's price to cash flow (P/CF) ratio stood at 62.0 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	128.2	59.9
TTM Earnings per share	Rs	5.3	4.1
Diluted earnings per share	Rs	1.1	3.0
Price to Cash Flow	x	0.0	62.0
TTM P/E ratio	x	0.0	72.6
Price / Book Value ratio	x	0.0	0.0
Market Cap	Rs m	0	4,957
Dividends per share (Unadj.)	Rs	0.0	0.0

Ratio Analysis for NAMO EWASTE MANAGEMENT LTD.

• Solvency Ratios

Current Ratio: The company's current ratio deteriorated and stood at 1.7x during FY24, from 2.0x 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 8.2x during FY24, from 10.4x 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 improved and stood at 19.4% during FY24, from 9.4% 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 improved and stood at 27.1% during FY24, from 12.5% 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 improved and stood at 12.9% during FY24, from 7.1% 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	2.0	1.7
Debtors’ Days	Days	301	528
Interest coverage	x	10.4	8.2
Debt to equity ratio	x	0.1	0.1
Return on assets	%	7.1	12.9
Return on equity	%	9.4	19.4
Return on capital employed	%	12.5	27.1

To see how NAMO EWASTE MANAGEMENT LTD. has performed over the last 5 years, please visit here.

NAMO EWASTE MANAGEMENT LTD. Share Price Performance

Over the last one year, NAMO EWASTE MANAGEMENT LTD. share price has moved down from Rs 0.0 to Rs 0.0, registering a loss of Rs 0.0 or around 0.0%.

Overall, the NIFTY 50 is down 0.0% over the year.

(To know more, check out historical annual results for NAMO EWASTE MANAGEMENT LTD. and quarterly results for NAMO EWASTE MANAGEMENT LTD.)