MUKAND LIMITED has announced its results for the year ended March 2018. Let us have a look at the detailed performance review of the company during FY17-18.
Operating income during the year rose 26.7% on a year-on-year (YoY) basis.
The company's operating profit decreased by 41.4% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 6.2% in FY18 as against 13.3% in FY17.
Depreciation charges increased by 121.4% and finance costs increased by 61.0% YoY, respectively.
Net profit for the year declined by 7333.7% YoY.
Net profit margins during the year grew from 0.4% in FY17 to 23.6% in FY18.
The company's current liabilities during FY18 stood at Rs 25 billion as compared to Rs 24 billion in FY17, thereby witnessing an increase of 2.7%.
Long-term debt down at Rs 8 billion as compared to Rs 17 billion during FY17, a fall of 54.4%.
Current assets fell 29% and stood at Rs 24 billion, while fixed assets rose 141% and stood at Rs 19 billion in FY18.
Overall, the total assets and liabilities for FY18 stood at Rs 44 billion as against Rs 45 billion during FY17, thereby witnessing a fall of 2%.
MUKAND LIMITED's cash flow from operating activities (CFO) during FY18 stood at Rs 9 billion, an improvement of 184.6% on a YoY basis.
Cash flow from investing activities (CFI) during FY18 stood at Rs 876 million on a YoY basis.
Overall, net cash flows for the company during FY18 stood at Rs -51 million from the Rs -4 million net cash flows seen during FY17.
The trailing twelve-month earnings per share (EPS) of the company stands at Rs 58.1, an improvement from the EPS of Rs -0.8 recorded last year.
The price to earnings (P/E) ratio, at the current price of Rs 51.1, stands at 17.6 times its trailing twelve months earnings.
The company's price to cash flow (P/CF) ratio stood at 0.7 times its end-of-year operating cash flow earnings.
Current Ratio: The company's current ratio deteriorated and stood at 1.0x during FY18, from 1.4x during FY17. 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 0.2x during FY18, from 1.1x during FY17. 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.
Return on Equity (ROE): The ROE for the company improved and stood at 76.0% during FY18, from -3.6% during FY18. 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 74.9% during FY18, from 16.6% during FY17. 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 29.4% during FY18, from 6.3% during FY17. The ROA measures how efficiently the company uses its assets to generate earnings.
To see how MUKAND LIMITED has performed over the last 5 years, please visit here.
Over the last one year, MUKAND LIMITED share price has moved up from Rs 85.7 to Rs 51.1, registering a loss of Rs 34.6 or around 40.3%.
Meanwhile, the S&P BSE METAL Index is trading at Rs 10,795.4 (up 1.7%). Over the last one year it has moved down from 15,622.2 to 10,795.4, a loss of 4,827 points (down 30.9%).
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