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NAPEROL INVESTMENTS 2023-24 Annual Report Analysis

Tue, 6 Aug

NAPEROL INVESTMENTS 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.

NAPEROL INVESTMENTS Income Statement Analysis

• Operating income during the year rose 1.0% 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 stood at 32.5% in FY24 as against 19878.0% in FY23.
• Depreciation charges increased by 0.0% increased by 0.0% YoY, respectively.
• Other income grew by 1200.0% YoY.
• Net profit for the year declined by NA YoY.
• Net profit margins during the year declined from 19833.5% in FY23 to 19.1% in FY24.

NAPEROL INVESTMENTS Income Statement 2023-24

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Net Sales	Rs m	19	19	1.0%
Other income	Rs m	0	0	1,200.0%
Total Revenues	Rs m	19	19	1.6%
Gross profit	Rs m	3,761	-6	NA
Depreciation	Rs m	0	0	0.0%
Interest	Rs m	0	0	0.0%
Profit before tax	Rs m	3,761	-6	NA
Tax	Rs m	8	-2	NA
Profit after tax	Rs m	3,753	-4	NA
Gross profit margin	%	19,878.0	-32.5
Effective tax rate	%	0.2	40.0
Net profit margin	%	19,833.5	-19.1

For Investors: Our Big Prediction

NAPEROL INVESTMENTS Balance Sheet Analysis

• The company's current liabilities during FY24 stood at Rs 40 million as compared to Rs 15 million in FY23, thereby witnessing an increase of 169.6%.
• Current assets rose 86% and stood at Rs 60 million, while fixed assets rose 71% and stood at Rs 13 billion in FY24.
• Overall, the total assets and liabilities for FY24 stood at Rs 13 billion as against Rs 7 billion during FY23, thereby witnessing a growth of 71%.

NAPEROL INVESTMENTS Balance Sheet as on March 2024

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Networth	Rs m	5,573	10,548	89.3
Current Liabilities	Rs m	15	40	169.6
Long-term Debt	Rs m	0	0	0.0
Total Liabilities	Rs m	7,373	12,585	70.7
Current assets	Rs m	32	60	86.0
Fixed Assets	Rs m	7,341	12,525	70.6
Total Assets	Rs m	7,373	12,585	70.7

NAPEROL INVESTMENTS Cash Flow Statement Analysis

• NAPEROL INVESTMENTS's cash flow from operating activities (CFO) during FY24 stood at Rs 11 million on a YoY basis.
• Cash flow from investing activities (CFI) during FY24 stood at Rs 4 million on a YoY basis.
• Cash flow from financial activities (CFF) during FY24 stood at Rs -6 million, an improvement of 78% on a YoY basis.
• Overall, net cash flows for the company during FY24 stood at Rs 9 million from the Rs -5 million net cash flows seen during FY23.

NAPEROL INVESTMENTS 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	14	11	-24.6%
Cash Flow from Investing Activities	Rs m	14	4	-68.4%
Cash Flow from Financing Activities	Rs m	-29	-6	-
Net Cash Flow	Rs m	-5	9	-

Current Valuations for NAPEROL INVESTMENTS

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs -0.6, an decline from the EPS of Rs 652.6 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 1,065.0, stands at -1,640.9 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 0.6 times, while the price to sales ratio stands at 320.4 times.
• The company's price to cash flow (P/CF) ratio stood at -2,528.4 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	3.3	3.3
TTM Earnings per share	Rs	652.6	-0.6
Diluted earnings per share	Rs	653.0	-0.6
Price to Cash Flow	x	1.9	-2,528.4
TTM P/E ratio	x	16.7	-1,640.9
Price / Book Value ratio	x	1.6	0.9
Market Cap	Rs m	9,120	9,241
Dividends per share (Unadj.)	Rs	1.0	0.0

Ratio Analysis for NAPEROL INVESTMENTS

• Solvency Ratios

Current Ratio: The company's current ratio deteriorated and stood at 1.5x during FY24, from 2.2x during FY23. 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 0.0% during FY24, from 67.3% 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 -0.1% during FY24, from 67.5% 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 declined and down at 0.0% during FY24, from 50.9% 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	2.2	1.5
Debtors’ Days	Days	1,929	0
Interest coverage	x	0.0	0.0
Debt to equity ratio	x	0.0	0.0
Return on assets	%	50.9	0.0
Return on equity	%	67.3	0.0
Return on capital employed	%	67.5	-0.1

To see how NAPEROL INVESTMENTS has performed over the last 5 years, please visit here.

NAPEROL INVESTMENTS Share Price Performance

Over the last one year, NAPEROL INVESTMENTS share price has moved down from Rs 1,479.4 to Rs 1,065.0, registering a loss of Rs 414.4 or around 28.0%.

Overall, the S&P BSE SENSEX is up 21.1% over the year.

(To know more, check out historical annual results for NAPEROL INVESTMENTS and quarterly results for NAPEROL INVESTMENTS)