AdTech Systems Revenue Growth

ADTECH SYSTEMS

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RATING

RECOMMENDATION

Strong Buy

Business Type

Emerging Leader

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Management

Accounting Practice

Profitability

Solvency

Growth

Valuation

RATING

RECOMMENDATION

Strong Buy

Business Type

Emerging Leader

Adtech Systems Growth

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The company’s total income saw an increase of more than 50.0% over the previous year, which is attributable to Floating Solar Orders in hand as well as a major order of 15 crore from KSEB for High end CCTV Systems. These orders received last year will be completed this year by December 2021. There has also been a growth in exports compared to previous year. The company's revenue also grew because of substantial increase in interest on deposits received in FY21 over FY20.

Adtech Systems Net Profit Growth(PAT)

The expenses of the company have increased a lot in FY21 compared to FY20. This is mainly attributable to the large increase in purchase of stock in trade, in which the main contributions are from local and interstate purchases in Kerala. Moreover, the raise in debt has further added the finance cost, though the same is planned to use for expansion purpose which is expected to yield greater returns in the near term.

Adtech Systems EPS Growth

Adtech Systems Book Value Growth

Adtech Systems EBITDA Growth

Adtech Systems Operating Profit Growth

The company has shown a huge growth in operating profit in FY21 over FY20 increasing by 48.47%. This because the company had a large increase in its revenue and even after bearing the burden of increased costs and depreciation, the company's level of performance improved and they were able to achieve this growth.

Adtech Systems Asset Growth

The company's assets have grown by 54.4% in FY21 over FY20. This large increase is a result of the company's short term trade receivables increasing by more than INR15 Cr, which may be in turn a result of the major order of INR15 Cr. from KSEB(Kerela State Electricity Board) for high end CCTV systems.

Adtech Systems Cash Flow from Operations

Cash flow from operations of the company has decreased massively which is attributable to the large increase in company’s receivables as well as an increase in inventory and other financial assets.

Adtech Systems Solvency Ratios

Adtech Systems D/E Ratio

The total debt/ equity ratio has increased a lot, which is because the company is mortgaging a recently purchased land with HDFC Bank for Cash credit and working capital loans that have increased its debt. And due to the company’s debt increasing, the finance costs have also increased a lot compared to the previous year, which decreases the company’s interest coverage.

Adtech Systems Current Ratio

The company's current assets have increased by 66.3% in FY21 over FY20, yet due to the company's short term borrowings increasing because of cash credit and working capital loans from HDFC Bank as well as equipment finance loan from Small Industries Bank of India it's current liabilities have increased more than current assets. As a result, the current ratio has decreased.

Adtech Systems Quick Ratio

Adtech Systems Interest Coverage Ratio

The company's interest coverage ratio has declined because even though the EBIT(earning before interest and tax) has increased in 2021, the finance costs have increased massively which is due to a large increase in interest on overdraft and bank commission and charges.

Adtech Systems Operating Efficiency

Margin ratios are decreasing mainly because of the company has had a massive increase in revenue i.e. over 50.0% YoY in 2021 over 2020 and at the same time the pandemic has increased the expenses of the company, which has impacted the operational efficiency a bit as compared to the pre-pandemic time.

Adtech Systems Operating Profit EBIT Margin(OPM)

Adtech Systems Profit Before Tax Margin (PBT Margin)

Due to the huge increase in the finance cost of the company in FY21 over FY20, the profit before tax has decreased by a lot. Additionally, the company's increase of 50.43% in revenue in FY21 over FY20 has resulted in the company having a decreased PBT margin.

Adtech Systems Profit After Tax Margin (PAT Margin)

Adtech Systems Profitablity Ratio

The company posted a growth in annual revenue by 50.4%. This was possible due to the floating solar orders in hand as well as a major order of INR15 Cr. from KSEB(Kerela State Electricity Board) for high end CCTV systems. Additionally, there has also been a growth in exports compared to previous year. All these factors have contributed in increasing the company’s total revenue and therefore the EBIT and net profit, which has resulted in the profitability ratios rising.

Adtech Systems Return on Equity(RoE)

Due to the large increase in the company's revenue and the proportionate increase in the expenses the company's profit stayed limited to an approximate 10% year on year increase in FY21 over FY20. The large increase in revenue was due to large orders in the solar segment. Even though the opening balance of company's general reserve increased and the company added a part of the profit to the general reserve, the increase in equity in FY21 could not overshadow the increase in profits. Hence, the company's return on equity has increased marginally and is expected to improve in the future.

Adtech Systems Return on Capital Employed(RoCE)

Adtech Systems Return to Assets (RoA)

ROA is decreasing since even though there is a positive growth in the net profits but the company’s total assets had a large increase in FY21 which was mainly due to the company purchasing fixed assets worth INR 33.06 Lacs as well as the short term receivables increasing by a large amount.