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EBIXCASH WORLD MONEY 2021-22 Annual Report Analysis
Mon, 7 Nov

EBIXCASH WORLD MONEY has announced its results for the year ended March 2022. Let us have a look at the detailed performance review of the company during FY21-22.

EBIXCASH WORLD MONEY Income Statement Analysis

  • Operating income during the year rose 33.3% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 85.4% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 0.6% in FY22 as against 5.1% in FY21.
  • Depreciation charges decreased by 1.1% and finance costs decreased by 33.3% YoY, respectively.
  • Other income grew by 43.8% YoY.
  • Net profit for the year declined by 80.6% YoY.
  • Net profit margins during the year declined from 3.6% in FY21 to 0.5% in FY22.

EBIXCASH WORLD MONEY Income Statement 2021-22

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Net Sales Rs m 11,295 15,053 33.3%
Other income Rs m 74 106 43.8%
Total Revenues Rs m 11,368 15,159 33.3%
Gross profit Rs m 574 84 -85.4%
Depreciation Rs m 13 13 -1.1%
Interest Rs m 55 37 -33.3%
Profit before tax Rs m 580 140 -75.9%
Tax Rs m 172 60 -64.8%
Profit after tax Rs m 408 79 -80.6%
Gross profit margin % 5.1 0.6
Effective tax rate % 29.6 43.3
Net profit margin % 3.6 0.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



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

EBIXCASH WORLD MONEY Balance Sheet Analysis

  • The company's current liabilities during FY22 down at Rs 775 million as compared to Rs 896 million in FY21, thereby witnessing an decrease of -13.5%.
  • Current assets rose 9% and stood at Rs 3 billion, while fixed assets fell 11% and stood at Rs 746 million in FY22.
  • Overall, the total assets and liabilities for FY22 stood at Rs 4 billion as against Rs 3 billion during FY21, thereby witnessing a growth of 4%.

EBIXCASH WORLD MONEY Balance Sheet as on March 2022

No. of Mths Year Ending 12 Mar-21* 12 Mar-22* % Change
Networth Rs m 1,842 1,920 4.3
 
Current Liabilities Rs m 896 775 -13.5
Long-term Debt Rs m 0 0 0.0
Total Liabilities Rs m 3,412 3,542 3.8
 
Current assets Rs m 2,573 2,796 8.7
Fixed Assets Rs m 840 746 -11.2
Total Assets Rs m 3,412 3,542 3.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



EBIXCASH WORLD MONEY Cash Flow Statement Analysis

  • EBIXCASH WORLD MONEY's cash flow from operating activities (CFO) during FY22 stood at Rs 287 million on a YoY basis.
  • Cash flow from investing activities (CFI) during FY22 stood at Rs -269 million, an improvement of 1,663.1% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY22 stood at Rs -53 million on a YoY basis.
  • Overall, net cash flows for the company during FY22 stood at Rs -35 million from the Rs 309 million net cash flows seen during FY21.

EBIXCASH WORLD MONEY Cash Flow Statement 2021-22

Particulars No. of months 12 12 % Change
Year Ending Mar-21 Mar-22
Cash Flow from Operating Activities Rs m 316 287 -9.1%
Cash Flow from Investing Activities Rs m -15 -269 -
Cash Flow from Financing Activities Rs m 9 -53 -
Net Cash Flow Rs m 309 -35 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for EBIXCASH WORLD MONEY

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 7.1, an decline from the EPS of Rs 36.6 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 467.0, stands at 65.4 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 2.7 times, while the price to sales ratio stands at 0.3 times.
  • The company's price to cash flow (P/CF) ratio stood at 74.5 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-21* 12 Mar-22*
Sales per share (Unadj.) Rs 1,014.8 1,352.5
TTM Earnings per share Rs 36.6 7.1
Diluted earnings per share Rs 36.6 7.1
Price to Cash Flow x 12.6 74.5
TTM P/E ratio x 13.4 65.4
Price / Book Value ratio x 2.7 3.6
Market Cap Rs m 4,980 6,894
Dividends per share (Unadj.) Rs 0.0 0.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for EBIXCASH WORLD MONEY

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 3.6x during FY22, from 2.9x during FY21. 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 4.8x during FY22, from 11.5x during FY21. 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 4.1% during FY22, from 22.1% during FY22. 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 9.2% during FY22, from 34.5% during FY21. 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 3.3% during FY22, from 13.6% during FY21. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-21* 12 Mar-22*
Current ratio x 2.9 3.6
Debtors’ Days Days 172 118
Interest coverage x 11.5 4.8
Debt to equity ratio x 0.0 0.0
Return on assets % 13.6 3.3
Return on equity % 22.1 4.1
Return on capital employed % 34.5 9.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how EBIXCASH WORLD MONEY has performed over the last 5 years, please visit here.

EBIXCASH WORLD MONEY Share Price Performance

Over the last one year, EBIXCASH WORLD MONEY share price has moved down from Rs 614.7 to Rs 467.0, registering a loss of Rs 147.7 or around 24.0%.

Overall, the S&P BSE SENSEX is up 2.4% over the year.

(To know more, check out historical annual results for EBIXCASH WORLD MONEY and quarterly results for EBIXCASH WORLD MONEY)

Annual Report FAQs

What is the current share price of EBIXCASH WORLD MONEY?

EBIXCASH WORLD MONEY currently trades at Rs 221.9 per share. You can check out the latest share price performance of EBIXCASH WORLD MONEY here...

What was the revenue of EBIXCASH WORLD MONEY in FY22? How does it compare to earlier years?

The revenues of EBIXCASH WORLD MONEY stood at Rs 15,159 m in FY22, which was up 33.3% compared to Rs 11,368 m reported in FY21.

EBIXCASH WORLD MONEY's revenue has fallen from Rs 76,999 m in FY18 to Rs 15,159 m in FY22.

Over the past 5 years, the revenue of EBIXCASH WORLD MONEY has grown at a CAGR of -33.4%.

What was the net profit of EBIXCASH WORLD MONEY in FY22? How does it compare to earlier years?

The net profit of EBIXCASH WORLD MONEY stood at Rs 79 m in FY22, which was down -80.6% compared to Rs 408 m reported in FY21.

This compares to a net profit of Rs 392 m in FY20 and a net loss of Rs -136 m in FY19.

Over the past 5 years, EBIXCASH WORLD MONEY net profit has grown at a CAGR of -30.6%.

What does the cash flow statement of EBIXCASH WORLD MONEY reveal?

The cash flow statement is the financial statement that presents the cash inflows and outflows of a company during a given period of time.

This statement is one of the most useful tools for judging a company's liquidity position. The ratios and parameters in this statement helps test a company's financial health.

The cash flow statement of EBIXCASH WORLD MONEY reveals:

  • Cash flow from operations decreased in FY22 and stood at Rs 287 m as compared to Rs 316 m in FY21.
  • Cash flow from investments decreased in FY22 and stood at Rs -269 m as compared to Rs -15 m in FY21.
  • Cash flow from financial activity decreased in FY22 and stood at Rs -53 m as compared to Rs 9 m in FY21.

Here's the cash flow statement of EBIXCASH WORLD MONEY for the past 5 years.

(Rs m)FY18FY19FY20FY21FY22
From Operations636-54227316287
From Investments205163-54-15-269
From Financial Activity-107-433-7289-53
Net Cashflow733-324-556309-35

What does the Key Ratio analysis of EBIXCASH WORLD MONEY reveal?

Be it the company's profitability, operations effectiveness or utilization of funds, ratio analysis is an important tool which helps in making investment decisions.

The ratio/financial analysis of EBIXCASH WORLD MONEY reveals:

  • Operating profit margins witnessed a fall and stood at 0.6% in FY22 as against 5.1% in FY21.
  • Net profit margins declined from 3.6% in FY21 to 0.5% in FY22.
  • Debt to Equity ratio for FY22 stood at 0.0 as compared to 0.0 in FY21.

Here's the ratio/financial analysis of EBIXCASH WORLD MONEY for the past 5 years.

 FY18FY19FY20FY21FY22
Operating Profit Margin (%)0.7-0.61.45.10.6
Net Profit Margin (%)0.4-0.10.73.60.5
Debt to Equity Ratio (x)0.10.10.00.00.0

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