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₹175.00
Available in Depository:
NSDL
CDSL
Available for Investment:
Primary
Secondary
RECOMMENDATION
Sell
Business Type
Traditional Business
Management
Accounting Practice
Profitability
Solvency
Growth
Valuation
RATING
RECOMMENDATION
Sell
Business Type
Traditional Business
If you want to know about Nayara Energy Revenue Growth journey before investing, just go to Planify and read detailed research report which includes all the things including net growth, key ratio etc and buy Nayara Energy unlisted shares.
Growth in %
-11.92%
1 Year
0.72%
3 Year
6.49%
5 Year
In FY21, there was decrease in company's revenue by 11.92% year-on-year (y-o-y) primarily due to decline in oil prices, lower demand due to prevailing covid-19 pandemic and the reduced throughput on account of 20 days planned refinery shutdown during the financial year.
Growth in %
-81.67%
1 Year
-11.87%
3 Year
-18.58%
5 Year
In FY21, net profit decreased by 81.67% y-o-y mainly due to reduction in oil price in FY21. Moreover, the excise duty increased by 73.28% y-o-y as the government increased the excise duty on petrol by Rs. 10 and diesel by Rs. 13 which decreased the net profit of the company drastically in the financial year.
Growth in %
-81.52%
1 Year
-7.35%
3 Year
-19.05%
5 Year
EPS of the company showed similar growth as with net income growth. There were no changes made in the number of shares in the company.
Growth in %
3.75%
1 Year
1.90%
3 Year
1.44%
5 Year
Book value of the company, has witnessed a growth of 3.75% in FY21 y-o-y. This growth has been explained with increase in retained earnings and with cash flow hedge reserve decreasing less in FY21 than in FY20.
Growth in %
-41.66%
1 Year
-22.36%
3 Year
-14.13%
5 Year
In FY21, EBITDA decreased by 41.66% y-o-y as there was reduction in total revenue by 11.92% y-o-y. Moreover, there was an increase in excise duty expense by 73.28% y-o-y as the government increased the excise duty on petrol by Rs. 10 and on diesel by Rs. 13 in FY21.
Growth in %
-56.64%
1 Year
-33.91%
3 Year
-22.37%
5 Year
The company's fixed assets decreased by 2.63% y-o-y which led to decrease in depreciation expense by Rs. 300 crores in FY21. Depreciation expense reduced as the lives of the core refinery assets increased from 40 years to 50 years, thus reducing the depreciation. Due to which, EBIT of the company decreased by 56.64% in FY21 y-o-y.
Growth in %
0.90%
1 Year
0.98%
3 Year
-2.53%
5 Year
The company's total assets remained almost same as the company's plant and machinery and buildings decreased due to depreciation in FY21 y-o-y. Also, the company's land under right of use assets decreased which ensured the total assets remain almost the same in FY21. Moreover, total inventory of the company increased in FY21 which shows the company expected more sales.
Growth in %
-85.48%
1 Year
-43.25%
3 Year
-23.83%
5 Year
In FY21, cash flow from operations decreased by 85.48% y-o-y. The cash flow from operations decreased primarily due to increase in inventories to Rs. 3416.7 crores in FY21 whereas there was decrease in inventories of Rs. 3572.9 crores in FY20. Also, there was less decrease in trade and other receivables and less decrease in trade and other payables which shows the company received amount from debtors and also paid off its creditors.
A lower D/E is because of high equity which was due to change in cash flow from hedge reserve from -2,201 Cr. in FY20 to -958 Cr. in FY21. Moreover, the debt of the company reduced as the current maturities of long term debt increased to Rs. 3329.4 crores in FY21 from Rs. 791 crores in FY20.
The current liabilities increased because of an increase in trade payables and other financial liabilities as the company received more advance from customers. Although there was increase in current assets due to increase in inventories and trade receivables, the increase in trade payables and other financial liabilities was more than the increase in inventories and trade receivables. Thus this led to marginal decrease in the current ratio.
The fall in the quick ratio has the same cause as the fall in the current ratio of the company with the increase in trade payables and other financial liabilities being more than increase in trade receivables.
Reduction in interest coverage ratio is primarily due to decrease in net profit of the company even though the interest expense of the company decreased. A ratio of 0.86 shows that the company has weak solvency position in terms of interest expense coverage.
Low operating efficiency is due to decrease in revenue which was mainly due to decline in oil prices, lower demand due to prevailing Covid-19 pandemic and the reduced throughput on account of 20 days planned refinery shutdown during the financial year. Moreover, the government has increased the excise duty on crude oil which also negatively impacted the operating efficiency of the company.
In FY21, the company's ROE decreased to 2.3% from 13.01% in FY20. As per dupont analysis, the one major contributor explaining the decrease in growth of the company has been net income margin, which decreased to 0.5% in FY21 from 2.5% in FY20. On the other hand, the asset turnover ratio declined to 1.15 in FY21 from 1.33 in FY20, as the company's total assets increased with the total receivables increasing by 54.9% y-o-y and total inventory increasing by 57.6% y-o-y. The equity multiplier witnessed a decrease which shows that the company is financed by equity and debt financing has reduced.
In FY21, the company's ROCE decreased to 3.67 in from 8.15 in FY20. This is due to decrease of 81.7% y-o-y in net income to Rs. 458.2 crores from Rs. 2500 crores in FY20. Total capital employed of the company increased by 0.9% y-o-y from Rs. 76592.60 crores from Rs. 75913 crores in FY20. With decrease in net income and slight increase in capital employed, the ROCE of the company decreased.
In FY21, the company's ROA has shown a decrease on account of lower net profit. On the other hand, the total assets of the company increased by 0.9% y-o-y and on the other hand, net income of the company reduced by 81.7% y-o-y. This has reduced the return on assets of the company.
₹175.00
Available in Depository
NSDL
CDSL
Available for Investment
Primary
Secondary
Management
Accounting Practice
Profitability
Solvency
Growth
Valuation
