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SAGILITY INDIA LTD. 2023-24 Annual Report Analysis

Tue, 19 Nov

SAGILITY INDIA 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.

SAGILITY INDIA LTD. Income Statement Analysis

• Operating income during the year rose 12.7% on a year-on-year (YoY) basis.
• The company's operating profit increased by 5.6% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 22.8% in FY24 as against 24.4% in FY23.
• Depreciation charges increased by 7.0% and finance costs decreased by 13.8% YoY, respectively.
• Other income grew by 74.9% YoY.
• Net profit for the year grew by 59.0% YoY.
• Net profit margins during the year grew from 3.4% in FY23 to 4.8% in FY24.

SAGILITY INDIA LTD. Income Statement 2023-24

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Net Sales	Rs m	42,184	47,536	12.7%
Other income	Rs m	177	309	74.9%
Total Revenues	Rs m	42,361	47,844	12.9%
Gross profit	Rs m	10,272	10,852	5.6%
Depreciation	Rs m	6,443	6,892	7.0%
Interest	Rs m	2,148	1,851	-13.8%
Profit before tax	Rs m	1,857	2,417	30.2%
Tax	Rs m	421	134	-68.1%
Profit after tax	Rs m	1,436	2,283	59.0%
Gross profit margin	%	24.4	22.8
Effective tax rate	%	22.7	5.6
Net profit margin	%	3.4	4.8

For Investors: Our Big Prediction

SAGILITY INDIA LTD. Balance Sheet Analysis

• The company's current liabilities during FY24 stood at Rs 15 billion as compared to Rs 11 billion in FY23, thereby witnessing an increase of 37.5%.
• Long-term debt down at Rs 17 billion as compared to Rs 23 billion during FY23, a fall of 28.4%.
• Current assets fell 4% and stood at Rs 17 billion, while fixed assets rose 1% and stood at Rs 88 billion in FY24.
• Overall, the total assets and liabilities for FY24 stood at Rs 105 billion as against Rs 105 billion during FY23, thereby witnessing a fall of 0%.

SAGILITY INDIA LTD. Balance Sheet as on March 2024

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Networth	Rs m	-4,912	64,431	NA
Current Liabilities	Rs m	10,564	14,521	37.5
Long-term Debt	Rs m	23,237	16,647	-28.4
Total Liabilities	Rs m	105,290	105,288	0.0
Current assets	Rs m	17,934	17,199	-4.1
Fixed Assets	Rs m	87,356	88,089	0.8
Total Assets	Rs m	105,290	105,288	0.0

SAGILITY INDIA LTD. Cash Flow Statement Analysis

• SAGILITY INDIA LTD.'s cash flow from operating activities (CFO) during FY24 stood at Rs 10 billion, an improvement of 13.6% on a YoY basis.
• Cash flow from investing activities (CFI) during FY24 stood at Rs -5 billion, an improvement of 263.4% on a YoY basis.
• Cash flow from financial activities (CFF) during FY24 stood at Rs -8 billion on a YoY basis.
• Overall, net cash flows for the company during FY24 stood at Rs -2 billion from the Rs 2 billion net cash flows seen during FY23.

SAGILITY INDIA 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	8,568	9,733	13.6%
Cash Flow from Investing Activities	Rs m	-1,291	-4,691	-
Cash Flow from Financing Activities	Rs m	-5,446	-7,513	-
Net Cash Flow	Rs m	2,115	-2,412	-

Current Valuations for SAGILITY INDIA LTD.

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 0.5, an decline from the EPS of Rs 0.7 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 29.6, stands at 60.7 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 2.2 times, while the price to sales ratio stands at 2.7 times.
• The company's price to cash flow (P/CF) ratio stood at 15.1 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	22.0	11.1
TTM Earnings per share	Rs	0.7	0.5
Diluted earnings per share	Rs	0.3	0.5
Price to Cash Flow	x	0.0	15.1
TTM P/E ratio	x	0.0	60.7
Price / Book Value ratio	x	0.0	0.0
Market Cap	Rs m	0	138,614
Dividends per share (Unadj.)	Rs	0.0	0.0

Ratio Analysis for SAGILITY INDIA LTD.

• Solvency Ratios

Current Ratio: The company's current ratio deteriorated and stood at 1.2x during FY24, from 1.7x 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 2.3x during FY24, from 1.9x 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 3.5% during FY24, from -29.2% 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 5.3% during FY24, from 21.9% 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 3.9% during FY24, from 3.4% 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	1.7	1.2
Debtors’ Days	Days	92	91
Interest coverage	x	1.9	2.3
Debt to equity ratio	x	-4.7	0.3
Return on assets	%	3.4	3.9
Return on equity	%	-29.2	3.5
Return on capital employed	%	21.9	5.3

To see how SAGILITY INDIA LTD. has performed over the last 5 years, please visit here.

SAGILITY INDIA LTD. Share Price Performance

Over the last one year, SAGILITY INDIA LTD. share price has moved up from Rs 0.0 to Rs 29.6, registering a gain of Rs 29.6 or around 0.0%.

Overall, the S&P BSE SENSEX is up 19.4% over the year.

(To know more, check out historical annual results for SAGILITY INDIA LTD. and quarterly results for SAGILITY INDIA LTD.)