POOJA ENTERTAINMENT 2023-24 Annual Report Analysis

Tue, 29 Oct

POOJA ENTERTAINMENT 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.

POOJA ENTERTAINMENT Income Statement Analysis

• Operating income during the year rose 24.6% on a year-on-year (YoY) basis.
• The company's operating profit increased by 223.5% YoY during the fiscal. Operating profit margins witnessed a fall and down at 20.1% in FY24 as against 7.7% in FY23.
• Depreciation charges increased by 116.7% and finance costs increased by 33.7% YoY, respectively.
• Other income grew by 6600.0% YoY.
• Net profit for the year grew by 182.0% YoY.
• Net profit margins during the year grew from 6.2% in FY23 to 13.9% in FY24.

POOJA ENTERTAINMENT Income Statement 2023-24

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Net Sales	Rs m	466	581	24.6%
Other income	Rs m	0	3	6,600.0%
Total Revenues	Rs m	466	583	25.1%
Gross profit	Rs m	36	117	223.5%
Depreciation	Rs m	0	0	116.7%
Interest	Rs m	6	7	33.7%
Profit before tax	Rs m	31	112	266.6%
Tax	Rs m	2	31	1,591.8%
Profit after tax	Rs m	29	81	182.0%
Gross profit margin	%	7.7	20.1
Effective tax rate	%	6.0	27.7
Net profit margin	%	6.2	13.9

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

POOJA ENTERTAINMENT Balance Sheet Analysis

• The company's current liabilities during FY24 stood at Rs 850 million as compared to Rs 793 million in FY23, thereby witnessing an increase of 7.3%.
• Current assets rose 4% and stood at Rs 1 billion, while fixed assets rose 7,007% and stood at Rs 440 million in FY24.
• Overall, the total assets and liabilities for FY24 stood at Rs 2 billion as against Rs 1 billion during FY23, thereby witnessing a growth of 40%.

POOJA ENTERTAINMENT Balance Sheet as on March 2024

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Networth	Rs m	424	511	20.4
Current Liabilities	Rs m	793	850	7.3
Long-term Debt	Rs m	0	0	0.0
Total Liabilities	Rs m	1,221	1,704	39.5
Current assets	Rs m	1,215	1,264	4.0
Fixed Assets	Rs m	6	440	7,006.6
Total Assets	Rs m	1,221	1,704	39.5

POOJA ENTERTAINMENT Cash Flow Statement Analysis

• POOJA ENTERTAINMENT's cash flow from operating activities (CFO) during FY24 stood at Rs 3 million on a YoY basis.
• Cash flow from investing activities (CFI) during FY24 stood at Rs -383 million, an improvement of 81,427.7% on a YoY basis.
• Cash flow from financial activities (CFF) during FY24 stood at Rs 116 million, an improvement of 263% on a YoY basis.
• Overall, net cash flows for the company during FY24 stood at Rs 9 million from the Rs -1 million net cash flows seen during FY23.

POOJA ENTERTAINMENT 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	-32	3	-
Cash Flow from Investing Activities	Rs m	0	-383	-
Cash Flow from Financing Activities	Rs m	32	116	262.8%
Net Cash Flow	Rs m	-1	9	-

Current Valuations for POOJA ENTERTAINMENT

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 2.3, an decline from the EPS of Rs 5.7 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 171.5, stands at 77.7 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 18.6 times, while the price to sales ratio stands at 10.3 times.
• The company's price to cash flow (P/CF) ratio stood at 35.1 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	93.2	16.6
TTM Earnings per share	Rs	5.7	2.3
Diluted earnings per share	Rs	0.5	1.5
Price to Cash Flow	x	44.3	35.1
TTM P/E ratio	x	44.5	77.7
Price / Book Value ratio	x	2.2	5.6
Market Cap	Rs m	934	2,847
Dividends per share (Unadj.)	Rs	0.0	0.0

Ratio Analysis for POOJA ENTERTAINMENT

• Solvency Ratios

Current Ratio: The company's current ratio deteriorated and stood at 1.5x during FY24, from 1.5x 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 improved and stood at 16.2x during FY24, from 6.5x 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 15.8% during FY24, from 6.8% 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 23.3% during FY24, from 8.5% 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 5.2% during FY24, from 2.8% 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	1.5	1.5
Debtors’ Days	Days	3,366	3,130
Interest coverage	x	6.5	16.2
Debt to equity ratio	x	0.0	0.0
Return on assets	%	2.8	5.2
Return on equity	%	6.8	15.8
Return on capital employed	%	8.5	23.3

To see how POOJA ENTERTAINMENT has performed over the last 5 years, please visit here.

POOJA ENTERTAINMENT Share Price Performance

Over the last one year, POOJA ENTERTAINMENT share price has moved {{varPrevCurrYearUpDown}} from Rs {{varLastYearSameDayValue}} to Rs {{varCurrYearCurrDayValue}}, registering a {{varPrevCurrYearComp}} of Rs {{varPrevCurrYearCompValue}} or around {{varPrevCurrYearCompPerValue}}%.

Meanwhile, the{{varBSEIndexName}} is trading at Rs {{varBSEIndexValue}} ({{varBSEIndexPrevCurrComp}} {{varBSEIndexPrevCurrPerValue}}%). Over the last one year it has moved {{varBSEIndexPrevCurrYearComp}} from {{varBSEIndexPrevYearValue}} to {{varBSEIndexCurrentYearValue}}, a {{varBSEIndexPrevCurrGainLoss}} of {{varBSEIndexPrevCurrSubstraction}} points ({{varBSEIndexPrevCurrYearCompOverYear}} {{varBSEIndexPrevCurrPerValueOverYear}}%).

Overall, the {{varBSESensexName}} is {{varBSESensexCurrStatus}} {{varBSESensexCurrValue}}% over the year.

(To know more, check out historical annual results for POOJA ENTERTAINMENT and quarterly results for POOJA ENTERTAINMENT)