much waited results out…
PAT growth annual as 38.5%[fy17 vs fy18] compared to previous growth rate of 14.7% [fy16 vs fy17]
Topline growth 28%[fy17 vs 18] , vs 17.2%[fy16 vs fy17]
ebit margins remain flats at around 7%
consol debt to equity remains as 1.02 from 1.23 yoy…
in that, the long term debt has reduced from 51% to 41% of the total debt
massive jump in the inventory by 40% from 22.23cr to 31.14cr , this was a mere 13.75cr in 2016 march end and 28.4cr h1 end… [a point to worry about]
Receivables rise was a 7.25% and currently stands at 25.12cr from 23.42 cr…[went up to 28cr in h1 end]
receivable is equal to the working capital and 1.48 time the long term debt…
tangible asset stands at 41cr up, 8 percent yoy
asset turn over ratio stand at 1.25 vs 1.14 yoy , up 9.6%
while
operational topline to tangible asset stands at 3.22 vs 2.71 yoy, up 18 percent…
no exceptional items in this annual report…
a 8% jump in the other expense is noted, though minor, should be kept a tab on…
Roce=16.4% vs 14.5% yoy
over all , i like the growth trajectory being delivered at 50% capacity utilization, and keeping dstona which is currently at inception and the new bangalore plant contribution , at bay…
inventories continue to be a pile up frown story…
Disclaimer… invested and averaging…