XELPMOC DESIGN AND TECH 2021-22 Annual Report Analysis

Tue, 11 Oct

XELPMOC DESIGN AND TECH 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.

XELPMOC DESIGN AND TECH Income Statement Analysis

• Operating income during the year fell 42.7% on a year-on-year (YoY) basis.
• The company's operating profit was by NA YoY during the fiscal. Operating profit margins witnessed a growth and stood at 183.7% in FY22 as against 25.2% in FY21.
• Depreciation charges decreased by 82.2% and finance costs decreased by 100.0% YoY, respectively.
• Other income grew by 25.2% YoY.
• Net profit for the year declined by NA YoY.
• Net profit margins during the year declined from 29.0% in FY21 to 159.3% in FY22.

XELPMOC DESIGN AND TECH Income Statement 2021-22

No. of Mths Year Ending		12 Mar-21*	12 Mar-22*	% Change
Net Sales	Rs m	140	81	-42.7%
Other income	Rs m	11	14	25.2%
Total Revenues	Rs m	152	95	-37.6%
Gross profit	Rs m	35	-148	NA
Depreciation	Rs m	5	1	-82.2%
Interest	Rs m	0	0	-100.0%
Profit before tax	Rs m	41	-135	NA
Tax	Rs m	1	-6	NA
Profit after tax	Rs m	41	-128	NA
Gross profit margin	%	25.2	-183.7
Effective tax rate	%	1.3	4.6
Net profit margin	%	29.0	-159.3

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XELPMOC DESIGN AND TECH Balance Sheet Analysis

• The company's current liabilities during FY22 stood at Rs 28 million as compared to Rs 15 million in FY21, thereby witnessing an increase of 92.3%.
• Current assets rose 135% and stood at Rs 481 million, while fixed assets rose 28% and stood at Rs 632 million in FY22.
• Overall, the total assets and liabilities for FY22 stood at Rs 1 billion as against Rs 698 million during FY21, thereby witnessing a growth of 59%.

XELPMOC DESIGN AND TECH Balance Sheet as on March 2022

No. of Mths Year Ending		12 Mar-21*	12 Mar-22*	% Change
Networth	Rs m	581	894	53.7
Current Liabilities	Rs m	15	28	92.3
Long-term Debt	Rs m	0	0	0.0
Total Liabilities	Rs m	698	1,112	59.4
Current assets	Rs m	204	481	135.4
Fixed Assets	Rs m	494	632	28.0
Total Assets	Rs m	698	1,112	59.4

XELPMOC DESIGN AND TECH Cash Flow Statement Analysis

• XELPMOC DESIGN AND TECH's cash flow from operating activities (CFO) during FY22 stood at Rs -22 million, an improvement of 139.4% on a YoY basis.
• Cash flow from investing activities (CFI) during FY22 stood at Rs -188 million on a YoY basis.
• Cash flow from financial activities (CFF) during FY22 stood at Rs 319 million, an improvement of 14,791% on a YoY basis.
• Overall, net cash flows for the company during FY22 stood at Rs 109 million from the Rs 3 million net cash flows seen during FY21.

XELPMOC DESIGN AND TECH 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	-9	-22	-
Cash Flow from Investing Activities	Rs m	15	-188	-
Cash Flow from Financing Activities	Rs m	-2	319	-
Net Cash Flow	Rs m	3	109	3,146.3%

Current Valuations for XELPMOC DESIGN AND TECH

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs -8.9, an decline from the EPS of Rs 3.0 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 184.3, stands at -17.5 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 3.0 times, while the price to sales ratio stands at 33.1 times.
• The company's price to cash flow (P/CF) ratio stood at -43.7 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	10.2	5.6
TTM Earnings per share	Rs	3.0	-8.9
Diluted earnings per share	Rs	2.8	-8.8
Price to Cash Flow	x	82.1	-43.7
TTM P/E ratio	x	91.9	-17.5
Price / Book Value ratio	x	5.0	6.2
Market Cap	Rs m	2,912	5,571
Dividends per share (Unadj.)	Rs	0.0	0.0

Ratio Analysis for XELPMOC DESIGN AND TECH

• Solvency Ratios

Current Ratio: The company's current ratio improved and stood at 16.9x during FY22, from 13.8x during FY21. The current ratio measures the company's ability to pay short-term and long-term obligations.

• Profitability Ratios

Return on Equity (ROE): The ROE for the company declined and down at -14.4% during FY22, from 7.0% 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 -15.1% during FY22, from 7.2% 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 -11.5% during FY22, from 5.9% 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	13.8	16.9
Debtors’ Days	Days	76,333	79,121
Interest coverage	x	88.9	0.0
Debt to equity ratio	x	0.0	0.0
Return on assets	%	5.9	-11.5
Return on equity	%	7.0	-14.4
Return on capital employed	%	7.2	-15.1

To see how XELPMOC DESIGN AND TECH has performed over the last 5 years, please visit here.

XELPMOC DESIGN AND TECH Share Price Performance

Over the last one year, XELPMOC DESIGN AND TECH share price has moved down from Rs 409.5 to Rs 184.3, registering a loss of Rs 225.2 or around 55.0%.

Overall, the S&P BSE SENSEX is down 3.2% over the year.

(To know more, check out historical annual results for XELPMOC DESIGN AND TECH and quarterly results for XELPMOC DESIGN AND TECH)