TRANSINDIA REAL ESTATE 2023-24 Annual Report Analysis

Thu, 19 Sep

TRANSINDIA REAL ESTATE 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.

TRANSINDIA REAL ESTATE Income Statement Analysis

• Operating income during the year fell 29.0% on a year-on-year (YoY) basis.
• The company's operating profit increased by 446.5% YoY during the fiscal. Operating profit margins witnessed a fall and down at 346.7% in FY24 as against 45.1% in FY23.
• Depreciation charges decreased by 25.3% and finance costs decreased by 78.7% YoY, respectively.
• Other income grew by 204.5% YoY.
• Net profit for the year grew by 3246.2% YoY.
• Net profit margins during the year grew from 0.0% in FY23 to 252.0% in FY24.

TRANSINDIA REAL ESTATE Income Statement 2023-24

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Net Sales	Rs m	1,363	968	-29.0%
Other income	Rs m	77	235	204.5%
Total Revenues	Rs m	1,440	1,203	-16.5%
Gross profit	Rs m	614	3,356	446.5%
Depreciation	Rs m	217	162	-25.3%
Interest	Rs m	384	82	-78.7%
Profit before tax	Rs m	90	3,348	3,607.2%
Tax	Rs m	17	908	5,119.5%
Profit after tax	Rs m	73	2,439	3,246.2%
Gross profit margin	%	45.1	346.7
Effective tax rate	%	19.3	27.1
Net profit margin	%	0.0	252.0

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

TRANSINDIA REAL ESTATE Balance Sheet Analysis

• The company's current liabilities during FY24 down at Rs 452 million as compared to Rs 520 million in FY23, thereby witnessing an decrease of -13.1%.
• Long-term debt down at Rs 389 million as compared to Rs 682 million during FY23, a fall of 43.0%.
• Current assets rose 108% and stood at Rs 5 billion, while fixed assets rose 38% and stood at Rs 8 billion in FY24.
• Overall, the total assets and liabilities for FY24 stood at Rs 13 billion as against Rs 14 billion during FY23, thereby witnessing a fall of 6%.

TRANSINDIA REAL ESTATE Balance Sheet as on March 2024

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Networth	Rs m	9,669	12,175	25.9
Current Liabilities	Rs m	520	452	-13.1
Long-term Debt	Rs m	682	389	-43.0
Total Liabilities	Rs m	14,339	13,427	-6.4
Current assets	Rs m	2,395	4,990	108.4
Fixed Assets	Rs m	6,107	8,437	38.2
Total Assets	Rs m	14,339	13,427	-6.4

TRANSINDIA REAL ESTATE Cash Flow Statement Analysis

• TRANSINDIA REAL ESTATE's cash flow from operating activities (CFO) during FY24 stood at Rs 751 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 -561 million on a YoY basis.
• Overall, net cash flows for the company during FY24 stood at Rs -73 million from the Rs 165 million net cash flows seen during FY23.

TRANSINDIA REAL ESTATE 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	1,184	751	-36.6%
Cash Flow from Investing Activities	Rs m	-780	-263	-
Cash Flow from Financing Activities	Rs m	-381	-561	-
Net Cash Flow	Rs m	165	-73	-

Current Valuations for TRANSINDIA REAL ESTATE

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 9.9, an improvement from the EPS of Rs 0.3 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 43.9, stands at 4.4 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 0.9 times, while the price to sales ratio stands at 11.1 times.
• The company's price to cash flow (P/CF) ratio stood at 4.2 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	5.5	3.9
TTM Earnings per share	Rs	0.3	9.9
Diluted earnings per share	Rs	0.3	9.9
Price to Cash Flow	x	0.0	4.2
TTM P/E ratio	x	0.0	4.4
Price / Book Value ratio	x	0.0	0.9
Market Cap	Rs m	0	10,811
Dividends per share (Unadj.)	Rs	0.0	0.0

Ratio Analysis for TRANSINDIA REAL ESTATE

• Solvency Ratios

Current Ratio: The company's current ratio improved and stood at 11.0x during FY24, from 4.6x 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 41.9x during FY24, from 1.2x 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 20.0% during FY24, from 0.8% 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 27.3% during FY24, from 4.6% 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 18.8% during FY24, from 3.2% 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	4.6	11.0
Debtors’ Days	Days	538	638
Interest coverage	x	1.2	41.9
Debt to equity ratio	x	0.1	0.0
Return on assets	%	3.2	18.8
Return on equity	%	0.8	20.0
Return on capital employed	%	4.6	27.3

To see how TRANSINDIA REAL ESTATE has performed over the last 5 years, please visit here.

TRANSINDIA REAL ESTATE Share Price Performance

Over the last one year, TRANSINDIA REAL ESTATE share price has moved up from Rs 41.5 to Rs 43.9, registering a gain of Rs 2.4 or around 5.8%.

Overall, the S&P BSE SENSEX is up 23.0% over the year.

(To know more, check out historical annual results for TRANSINDIA REAL ESTATE and quarterly results for TRANSINDIA REAL ESTATE)