VIVIANA POWER TECH 2022-23 Annual Report Analysis

Fri, 30 Jun

VIVIANA POWER TECH has announced its results for the year ended March 2023. Let us have a look at the detailed performance review of the company during FY22-23.

VIVIANA POWER TECH Income Statement Analysis

• Operating income during the year rose 11.4% on a year-on-year (YoY) basis.
• The company's operating profit increased by 16.1% YoY during the fiscal. Operating profit margins witnessed a fall and down at 14.8% in FY23 as against 14.2% in FY22.
• Depreciation charges increased by 8.4% and finance costs increased by 5.6% YoY, respectively.
• Other income declined by 77.4% YoY.
• Net profit for the year grew by 11.3% YoY.
• Net profit margins during the year declined from 8.6% in FY22 to 8.6% in FY23.

VIVIANA POWER TECH Income Statement 2022-23

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*	% Change
Net Sales	Rs m	326	363	11.4%
Other income	Rs m	4	1	-77.4%
Total Revenues	Rs m	330	364	10.2%
Gross profit	Rs m	46	54	16.1%
Depreciation	Rs m	2	2	8.4%
Interest	Rs m	11	12	5.6%
Profit before tax	Rs m	38	41	8.9%
Tax	Rs m	10	10	1.9%
Profit after tax	Rs m	28	31	11.3%
Gross profit margin	%	14.2	14.8
Effective tax rate	%	26.1	24.4
Net profit margin	%	8.6	8.6

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

VIVIANA POWER TECH Balance Sheet Analysis

• The company's current liabilities during FY23 stood at Rs 140 million as compared to Rs 139 million in FY22, thereby witnessing an increase of 1.1%.
• Long-term debt stood at Rs 21 million as compared to Rs 8 million during FY22, a growth of 153.1%.
• Current assets rose 99% and stood at Rs 260 million, while fixed assets fell 4% and stood at Rs 81 million in FY23.
• Overall, the total assets and liabilities for FY23 stood at Rs 341 million as against Rs 215 million during FY22, thereby witnessing a growth of 59%.

VIVIANA POWER TECH Balance Sheet as on March 2023

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*	% Change
Networth	Rs m	68	180	166.0
Current Liabilities	Rs m	139	140	1.1
Long-term Debt	Rs m	8	21	153.1
Total Liabilities	Rs m	215	341	58.9
Current assets	Rs m	130	260	99.2
Fixed Assets	Rs m	84	81	-3.6
Total Assets	Rs m	215	341	58.9

VIVIANA POWER TECH Cash Flow Statement Analysis

• VIVIANA POWER TECH's cash flow from operating activities (CFO) during FY23 stood at Rs -113 million on a YoY basis.
• Cash flow from investing activities (CFI) during FY23 stood at Rs 0 million on a YoY basis.
• Cash flow from financial activities (CFF) during FY23 stood at Rs 107 million, an improvement of 741% on a YoY basis.
• Overall, net cash flows for the company during FY23 stood at Rs -6 million from the Rs -9 million net cash flows seen during FY22.

VIVIANA POWER TECH Cash Flow Statement 2022-23

Particulars	No. of months	12	12	% Change
	Year Ending	Mar-22	Mar-23
Cash Flow from Operating Activities	Rs m	5	-113	-
Cash Flow from Investing Activities	Rs m	2	0	-
Cash Flow from Financing Activities	Rs m	-17	107	-
Net Cash Flow	Rs m	-9	-6	-

Current Valuations for VIVIANA POWER TECH

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 5.2, an decline from the EPS of Rs 121.7 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 141.0, stands at 27.0 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 4.7 times, while the price to sales ratio stands at 2.3 times.
• The company's price to cash flow (P/CF) ratio stood at 25.3 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*
Sales per share (Unadj.)	Rs	1,418.0	60.8
TTM Earnings per share	Rs	121.7	5.2
Diluted earnings per share	Rs	4.7	5.2
Price to Cash Flow	x	0.0	25.3
TTM P/E ratio	x	0.0	27.0
Price / Book Value ratio	x	0.0	0.0
Market Cap	Rs m	0	842
Dividends per share (Unadj.)	Rs	0.0	0.0

Ratio Analysis for VIVIANA POWER TECH

• Solvency Ratios

Current Ratio: The company's current ratio improved and stood at 1.9x during FY23, from 0.9x during FY22. 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 4.6x during FY23, from 4.5x during FY22. 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 17.3% during FY23, from 41.2% during FY23. 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 26.2% during FY23, from 64.0% during FY22. 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 12.5% during FY23, from 18.1% during FY22. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending		12 Mar-22*	12 Mar-23*
Current ratio	x	0.9	1.9
Debtors’ Days	Days	1,100	2,036
Interest coverage	x	4.5	4.6
Debt to equity ratio	x	0.1	0.1
Return on assets	%	18.1	12.5
Return on equity	%	41.2	17.3
Return on capital employed	%	64.0	26.2

To see how VIVIANA POWER TECH has performed over the last 5 years, please visit here.

VIVIANA POWER TECH Share Price Performance

Over the last one year, VIVIANA POWER TECH 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 REALTY Index is trading at Rs 4,160.0 (up 0.5%). Over the last one year it has moved up from 3,068.3 to 4,160.0, a gain of 1,092 points (up 35.6%).

Overall, the NIFTY 50 is up 0.9% over the year.

(To know more, check out historical annual results for VIVIANA POWER TECH and quarterly results for VIVIANA POWER TECH)