RATING

RECOMMENDATION

Neutral

  • ROFR Required
  • Available in Depository:

  • NSDL

  • CDSL

  • Available for Investment:

  • Primary

  • Secondary

RATING

RECOMMENDATION

Neutral

Business Type

Traditional Business

RATING

RECOMMENDATION

Neutral

Business Type

Traditional Business

  • Carrier AC Growth

Get detailed information about the Carrier AC Share Price. In this research report, you will get to know about Carrier AC Peers data. In addition, get the Complete details about the Net Profit Growth, Revenue Growth and Book Value Growth.

Carrier AC Revenue Growth

Growth in %

  • -19.91%

    1 Year

  • -2.91%

    3 Year

  • 0.43%

    5 Year

The Revenue for the company in FY21 is INR 1218 Cr whereas in FY20 it was INR 1524 Cr, the company witnessed a decrease of 20% on y-o-y basis. This decline in the revenue is primarily due to the outburst of covid-19 pandemic and the consequent national lockdown. The first quarter of FY21 which remains a peak for Air-conditioning industry was totally washed out due to lockdown and volumes were significantly impacted. 

Carrier AC Net Profit Growth(PAT)

Growth in %

  • -64.56%

    1 Year

  • -38.83%

    3 Year

  • -21.20%

    5 Year

The Net Profit for the company in FY21 stood at INR 17 Cr which was INR 47 Cr in FY20. The company witnessed a decline of 65% in its net profit because of decrease in revenue of the company due to covid-19 and subsequent lockdowns. Another reason for the respective decline due to current market demand and foreign exchange deterioration post market opening. Due to company's implementation of cost rationalization measures it was still able to cover some of the losses due to lower volumes and managed to end the year in profits.

Carrier AC EPS Growth

Growth in %

  • -64.56%

    1 Year

  • -38.80%

    3 Year

  • -21.18%

    5 Year

The EPS of the company in FY21 stands at INR 1.6, it has been declining since FY18, it has declined at a rate of 37% CAGR over 3 years primarily due to the decrease in the revenue and net profit of the company. The company has not issued any new equity but still because of decrease in net profits of the company due to covid 19 and subsequent lockdowns there was a decline in EPS of the company.

  • Carrier AC Book Value Growth

Growth in %

  • -38.38%

    1 Year

  • -23.32%

    3 Year

  • -14.13%

    5 Year

The Book Value per Share of the company is declining since FY17 this is because there was a continuous decline in reserve and surplus of the company as the company declared a dividend of 27.2 per share in FY19 despite of having an EPS of 6.4 in FY19, this excess dividend was paid out of the reserve and surplus account of the company.

Carrier AC EBITDA Growth

Growth in %

  • -44.47%

    1 Year

  • -19.66%

    3 Year

  • -7.32%

    5 Year

Carrier AC Operating Profit Growth

Growth in %

  • -54.63%

    1 Year

  • -27.22%

    3 Year

  • -12.72%

    5 Year

The Operating Profit for the company declined from INR 97 Cr in FY20 to INR 44 Cr in FY21, it decreased by 54% annually primarily due to decrease in revenue of the company due to covid 19 and subsequent lockdowns, the sales volumes of the company was heavily impacted during Q1 of the FY21.

Carrier AC Asset Growth

Growth in %

  • -11.42%

    1 Year

  • -6.54%

    3 Year

  • -3.22%

    5 Year

Since FY19, the company's assets have been shrinking at a rate of 13% CAGR, going from INR 1028 Cr. in FY19 to INR 778 Cr. in FY21, owing mostly to a reduction in cash and cash equivalents. Because the company was unable to produce cash from sales in FY21 and FY20 due to Covid 19 and nationwide lockdown, the company had to use previously available funds for its operations and working capital requirements.

Carrier AC Cash Flow from Operations

Growth in %

  • 132.59%

    1 Year

  • 44.65%

    3 Year

  • 26.41%

    5 Year

The company's cash flow from operations in FY21 was INR 135Cr, up 132% from FY20, owing to a rise in trade payables as the company made a large amount of its purchases on credit.

  • Carrier AC Solvency Ratios

Carrier AC D/E Ratio

In FY21, the firm's Debt to Equity ratio is 0.40, compared to 0.23 in FY20, and the company had no debt prior to FY20. This rising debt-to-equity ratio is primarily due to the company's need for a working capital loan and a bank overdraft in FY20.

Carrier AC Current Ratio

The current ratio and quick ratio for the company in FY21 stands at 1.23 and 0.72 whereas in FY20 it was 1.5 and 0.96 respectively, it has been decreasing since FY17 primarily because the cash and cash equivalents of the company has been decreasing which led to a decrease in current assets and quick assets of the company.

Carrier AC Quick Ratio

Carrier AC Interest Coverage Ratio

The interest coverage ratio for the company in FY21 is 4.17, compared to 5.98 in FY20 and 69.64 in FY19. The ratio has been decreasing significantly for the company as it has increased its borrowings in FY20, and the company's earnings have also decreased in FY20 and FY21 due to the impact of covid 19.

  • Carrier AC Operating Efficiency

The Profit Margins of the company is declining continuously since FY18 primarily due to covid-19 and subsequent lockdowns which impacted the business of the company in Q1 of FY21 which could have turned out to be peak period for the company also even after the market opened the company faced challenges in market demand and transactions done with foreign suppliers and customers of the company due to increased volatility in forex market.

Carrier AC Operating Profit EBIT Margin(OPM)

Carrier AC Profit Before Tax Margin (PBT Margin)

Carrier AC Profit After Tax Margin (PAT Margin)

  • Carrier AC Profitablity Ratio

Carrier AC Return on Equity(RoE)

The company's return on equity is currently 7.33% in FY21, compared to 12.74% the previous year. This decline is mostly due to a decrease in net earnings as a result of Covid 19 and subsequent lockdowns, which had a significant impact on the company's operations.

Carrier AC Return on Capital Employed(RoCE)

The company's return on capital employed has declined from 22.31% in FY20 to 14.93% in FY21, mostly owing to Covid 19, which caused the company to be unable to generate sales, affecting the company's net profit as well.

Carrier AC Return to Assets (RoA)

  • Carrier AC Valuation Ratios

Carrier AC Dividend Yield

Carrier AC Earning Yield