UFO MOVIEZ 2023-24 Annual Report Analysis

Fri, 9 Aug

UFO MOVIEZ 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.

UFO MOVIEZ Income Statement Analysis

• Operating income during the year fell 18.9% on a year-on-year (YoY) basis.
• The company's operating profit increased by 26.0% YoY during the fiscal. Operating profit margins witnessed a fall and down at 14.8% in FY24 as against 9.5% in FY23.
• Depreciation charges decreased by 19.1% and finance costs increased by 12.9% YoY, respectively.
• Other income grew by 46.8% YoY.
• Net profit for the year declined by NA YoY.
• Net profit margins during the year grew from 3.3% in FY23 to 1.3% in FY24.

UFO MOVIEZ Income Statement 2023-24

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Net Sales	Rs m	3,959	3,209	-18.9%
Other income	Rs m	85	125	46.8%
Total Revenues	Rs m	4,045	3,334	-17.6%
Gross profit	Rs m	376	474	26.0%
Depreciation	Rs m	495	400	-19.1%
Interest	Rs m	111	126	12.9%
Profit before tax	Rs m	-145	74	NA
Tax	Rs m	-13	33	NA
Profit after tax	Rs m	-132	40	NA
Gross profit margin	%	9.5	14.8
Effective tax rate	%	8.7	45.2
Net profit margin	%	-3.3	1.3

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

UFO MOVIEZ Balance Sheet Analysis

• The company's current liabilities during FY24 down at Rs 1 billion as compared to Rs 2 billion in FY23, thereby witnessing an decrease of -27.3%.
• Long-term debt stood at Rs 323 million as compared to Rs 222 million during FY23, a growth of 45.6%.
• Current assets fell 6% and stood at Rs 2 billion, while fixed assets fell 12% and stood at Rs 4 billion in FY24.
• Overall, the total assets and liabilities for FY24 stood at Rs 6 billion as against Rs 7 billion during FY23, thereby witnessing a fall of 10%.

UFO MOVIEZ Balance Sheet as on March 2024

No. of Mths Year Ending		12 Mar-23*	12 Mar-24*	% Change
Networth	Rs m	2,659	2,552	-4.0
Current Liabilities	Rs m	1,727	1,256	-27.3
Long-term Debt	Rs m	222	323	45.6
Total Liabilities	Rs m	6,543	5,884	-10.1
Current assets	Rs m	1,771	1,661	-6.2
Fixed Assets	Rs m	4,773	4,223	-11.5
Total Assets	Rs m	6,543	5,884	-10.1

UFO MOVIEZ Cash Flow Statement Analysis

• UFO MOVIEZ's cash flow from operating activities (CFO) during FY24 stood at Rs 750 million, an improvement of 1,137.6% on a YoY basis.
• Cash flow from investing activities (CFI) during FY24 stood at Rs -322 million on a YoY basis.
• Cash flow from financial activities (CFF) during FY24 stood at Rs -422 million on a YoY basis.
• Overall, net cash flows for the company during FY24 stood at Rs 6 million from the Rs -9 million net cash flows seen during FY23.

UFO MOVIEZ 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	61	750	1,137.6%
Cash Flow from Investing Activities	Rs m	146	-322	-
Cash Flow from Financing Activities	Rs m	-221	-422	-
Net Cash Flow	Rs m	-9	6	-

Current Valuations for UFO MOVIEZ

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 1.0, an improvement from the EPS of Rs -3.5 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 125.8, stands at 76.9 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 1.9 times, while the price to sales ratio stands at 1.5 times.
• The company's price to cash flow (P/CF) ratio stood at 10.4 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	103.7	83.2
TTM Earnings per share	Rs	-3.5	1.0
Diluted earnings per share	Rs	-3.4	1.0
Price to Cash Flow	x	6.6	10.4
TTM P/E ratio	x	-11.7	76.9
Price / Book Value ratio	x	1.4	1.8
Market Cap	Rs m	3,741	4,571
Dividends per share (Unadj.)	Rs	0.0	0.0

Ratio Analysis for UFO MOVIEZ

• Solvency Ratios

Current Ratio: The company's current ratio improved and stood at 1.3x during FY24, from 1.0x 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 1.6x during FY24, from -0.3x 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 1.6% during FY24, from -5.0% 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 6.9% during FY24, from -1.2% 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 2.8% during FY24, from -0.3% 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	1.0	1.3
Debtors’ Days	Days	609	731
Interest coverage	x	-0.3	1.6
Debt to equity ratio	x	0.1	0.1
Return on assets	%	-0.3	2.8
Return on equity	%	-5.0	1.6
Return on capital employed	%	-1.2	6.9

To see how UFO MOVIEZ has performed over the last 5 years, please visit here.

UFO MOVIEZ Share Price Performance

Over the last one year, UFO MOVIEZ share price has moved down from Rs 98.3 to Rs 0.0, registering a loss of Rs 98.3 or around 100.0%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 18,371.5 (up 1.5%). Over the last one year it has moved up from 13,964.8 to 18,371.5, a gain of 4,407 points (up 31.6%).

Overall, the NIFTY 50 is up 1.0% over the year.

(To know more, check out historical annual results for UFO MOVIEZ and quarterly results for UFO MOVIEZ)