SAR TELEVENTURE LTD. 2023-24 Annual Report Analysis

Wed, 24 Jul

SAR TELEVENTURE 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.

SAR TELEVENTURE LTD. Income Statement Analysis

• Operating income during the year rose 282.3% on a year-on-year (YoY) basis.
• The company's operating profit increased by 208.7% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 14.2% in FY24 as against 17.6% in FY23.
• Depreciation charges increased by 32.8% and finance costs decreased by 50.7% YoY, respectively.
• Other income declined by 3.6% YoY.
• Net profit for the year grew by 297.9% YoY.
• Net profit margins during the year grew from 12.1% in FY23 to 12.6% in FY24.

SAR TELEVENTURE LTD. Income Statement 2023-24

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Net Sales	Rs m	325	1,241	282.3%
Other income	Rs m	1	1	-3.6%
Total Revenues	Rs m	325	1,242	281.9%
Gross profit	Rs m	57	176	208.7%
Depreciation	Rs m	10	14	32.8%
Interest	Rs m	5	2	-50.7%
Profit before tax	Rs m	43	161	276.0%
Tax	Rs m	3	4	19.9%
Profit after tax	Rs m	39	157	297.9%
Gross profit margin	%	17.6	14.2
Effective tax rate	%	7.9	2.5
Net profit margin	%	12.1	12.6

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

SAR TELEVENTURE LTD. Balance Sheet Analysis

• The company's current liabilities during FY24 stood at Rs 151 million as compared to Rs 40 million in FY23, thereby witnessing an increase of 283.2%.
• Long-term debt stood at Rs 2 billion as compared to Rs 44 million during FY23, a growth of 3902.6%.
• Current assets rose 1,532% and stood at Rs 3 billion, while fixed assets rose 17% and stood at Rs 100 million in FY24.
• Overall, the total assets and liabilities for FY24 stood at Rs 3 billion as against Rs 242 million during FY23, thereby witnessing a growth of 1,000%.

SAR TELEVENTURE LTD. Balance Sheet as on March 2024

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Networth	Rs m	119	718	505.6
Current Liabilities	Rs m	40	151	283.2
Long-term Debt	Rs m	44	1,779	3,902.6
Total Liabilities	Rs m	242	2,664	999.8
Current assets	Rs m	157	2,565	1,532.3
Fixed Assets	Rs m	85	100	17.0
Total Assets	Rs m	242	2,664	999.8

SAR TELEVENTURE LTD. Cash Flow Statement Analysis

• SAR TELEVENTURE LTD.'s cash flow from operating activities (CFO) during FY24 stood at Rs -2 billion, an improvement of 3,883.9% on a YoY basis.
• Cash flow from investing activities (CFI) during FY24 stood at Rs -25 million on a YoY basis.
• Cash flow from financial activities (CFF) during FY24 stood at Rs 2 billion, an improvement of 1,578% on a YoY basis.
• Overall, net cash flows for the company during FY24 stood at Rs 39 million from the Rs 7 million net cash flows seen during FY23.

SAR TELEVENTURE 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	-52	-2,086	-
Cash Flow from Investing Activities	Rs m	-69	-25	-
Cash Flow from Financing Activities	Rs m	128	2,150	1,578.0%
Net Cash Flow	Rs m	7	39	453.3%

Current Valuations for SAR TELEVENTURE LTD.

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 10.4, an decline from the EPS of Rs 60.6 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 239.0, stands at 45.8 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 10.0 times, while the price to sales ratio stands at 2.9 times.
• The company's price to cash flow (P/CF) ratio stood at 21.4 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	499.4	82.7
TTM Earnings per share	Rs	60.6	10.4
Diluted earnings per share	Rs	1.3	5.2
Price to Cash Flow	x	0.0	21.4
TTM P/E ratio	x	0.0	45.8
Price / Book Value ratio	x	0.0	5.1
Market Cap	Rs m	0	3,638
Dividends per share (Unadj.)	Rs	0.0	0.0

Ratio Analysis for SAR TELEVENTURE LTD.

• Solvency Ratios

Current Ratio: The company's current ratio improved and stood at 16.9x during FY24, from 4.0x 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 improved and stood at 72.7x 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 declined and down at 21.8% during FY24, from 33.2% 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 6.5% during FY24, from 29.0% 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 6.0% during FY24, from 18.1% 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	4.0	16.9
Debtors’ Days	Days	730	632
Interest coverage	x	10.4	72.7
Debt to equity ratio	x	0.4	2.5
Return on assets	%	18.1	6.0
Return on equity	%	33.2	21.8
Return on capital employed	%	29.0	6.5

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

SAR TELEVENTURE LTD. Share Price Performance

Over the last one year, SAR TELEVENTURE 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%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 18,640.7 (down 0.2%). Over the last one year it has moved up from 13,572.7 to 18,640.7, a gain of 5,068 points (up 37.3%).

Overall, the NIFTY 50 is down 0.6% over the year.

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