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STANLEY LIFESTYLES LTD. 2023-24 Annual Report Analysis

Tue, 8 Oct

STANLEY LIFESTYLES 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.

STANLEY LIFESTYLES LTD. Income Statement Analysis

• Operating income during the year rose 3.2% on a year-on-year (YoY) basis.
• The company's operating profit increased by 3.9% YoY during the fiscal. Operating profit margins witnessed a fall and down at 20.2% in FY24 as against 20.1% in FY23.
• Depreciation charges increased by 35.1% and finance costs increased by 34.0% YoY, respectively.
• Other income grew by 71.2% YoY.
• Net profit for the year declined by 16.9% YoY.
• Net profit margins during the year declined from 8.4% in FY23 to 6.7% in FY24.

STANLEY LIFESTYLES LTD. Income Statement 2023-24

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Net Sales	Rs m	4,190	4,325	3.2%
Other income	Rs m	66	113	71.2%
Total Revenues	Rs m	4,256	4,438	4.3%
Gross profit	Rs m	842	875	3.9%
Depreciation	Rs m	282	381	35.1%
Interest	Rs m	162	217	34.0%
Profit before tax	Rs m	464	390	-15.9%
Tax	Rs m	114	99	-13.2%
Profit after tax	Rs m	350	291	-16.9%
Gross profit margin	%	20.1	20.2
Effective tax rate	%	24.6	25.4
Net profit margin	%	8.4	6.7

For Investors: Our Big Prediction

STANLEY LIFESTYLES LTD. Balance Sheet Analysis

• The company's current liabilities during FY24 stood at Rs 2 billion as compared to Rs 1 billion in FY23, thereby witnessing an increase of 31.0%.
• Long-term debt stood at Rs 9 million as compared to Rs 2 million during FY23, a growth of 350.0%.
• Current assets rose 6% and stood at Rs 3 billion, while fixed assets rose 48% and stood at Rs 3 billion in FY24.
• Overall, the total assets and liabilities for FY24 stood at Rs 6 billion as against Rs 5 billion during FY23, thereby witnessing a growth of 26%.

STANLEY LIFESTYLES LTD. Balance Sheet as on March 2024

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Networth	Rs m	2,158	2,446	13.3
Current Liabilities	Rs m	1,154	1,512	31.0
Long-term Debt	Rs m	2	9	350.0
Total Liabilities	Rs m	4,650	5,872	26.3
Current assets	Rs m	2,383	2,522	5.8
Fixed Assets	Rs m	2,267	3,350	47.8
Total Assets	Rs m	4,650	5,872	26.3

STANLEY LIFESTYLES LTD. Cash Flow Statement Analysis

• STANLEY LIFESTYLES LTD.'s cash flow from operating activities (CFO) during FY24 stood at Rs 362 million on a YoY basis.
• Cash flow from investing activities (CFI) during FY24 stood at Rs -263 million on a YoY basis.
• Cash flow from financial activities (CFF) during FY24 stood at Rs -125 million, an improvement of 70% on a YoY basis.
• Overall, net cash flows for the company during FY24 stood at Rs -26 million from the Rs -6 million net cash flows seen during FY23.

STANLEY LIFESTYLES 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	680	362	-46.8%
Cash Flow from Investing Activities	Rs m	-274	-263	-
Cash Flow from Financing Activities	Rs m	-412	-125	-
Net Cash Flow	Rs m	-6	-26	-

Current Valuations for STANLEY LIFESTYLES LTD.

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 5.6, an decline from the EPS of Rs 47.5 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 448.9, stands at 88.0 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 10.5 times, while the price to sales ratio stands at 5.4 times.
• The company's price to cash flow (P/CF) ratio stood at 38.1 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	568.5	83.8
TTM Earnings per share	Rs	47.5	5.6
Diluted earnings per share	Rs	6.1	5.1
Price to Cash Flow	x	0.0	38.1
TTM P/E ratio	x	0.0	88.0
Price / Book Value ratio	x	0.0	0.0
Market Cap	Rs m	0	25,595
Dividends per share (Unadj.)	Rs	3.8	0.0

Ratio Analysis for STANLEY LIFESTYLES LTD.

• Solvency Ratios

Current Ratio: The company's current ratio deteriorated and stood at 1.7x during FY24, from 2.1x 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 2.8x during FY24, from 3.9x 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 declined and down at 11.9% during FY24, from 16.2% 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 24.7% 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 8.7% during FY24, from 11.0% 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	2.1	1.7
Debtors’ Days	Days	14	22
Interest coverage	x	3.9	2.8
Debt to equity ratio	x	0.0	0.0
Return on assets	%	11.0	8.7
Return on equity	%	16.2	11.9
Return on capital employed	%	29.0	24.7

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

STANLEY LIFESTYLES LTD. Share Price Performance

Over the last one year, STANLEY LIFESTYLES LTD. share price has moved up from Rs 0.0 to Rs 448.9, registering a gain of Rs 448.9 or around 0.0%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 22,901.0 (up 0.2%). Over the last one year it has moved up from 18,676.5 to 22,901.0, a gain of 4,225 points (up 22.6%).

Overall, the S&P BSE SENSEX is up 24.5% over the year.

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