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- CAMPUS ACTIVEWEAR 2022-23 Annual Report Analysis
CAMPUS ACTIVEWEAR has announced its results for the year ended March 2023. Let us have a look at the detailed performance review of the company during FY22-23.
CAMPUS ACTIVEWEAR Income Statement Analysis
- Operating income during the year rose 24.3% on a year-on-year (YoY) basis.
- The company's operating profit increased by 5.0% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 17.1% in FY23 as against 20.2% in FY22.
- Depreciation charges increased by 33.6% and finance costs increased by 46.2% YoY, respectively.
- Other income grew by 14.9% YoY.
- Net profit for the year grew by 8.7% YoY.
- Net profit margins during the year declined from 9.0% in FY22 to 7.9% in FY23.
CAMPUS ACTIVEWEAR Income Statement 2022-23
| No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | % Change | |
|---|---|---|---|---|
| Net Sales | Rs m | 11,942 | 14,843 | 24.3% |
| Other income | Rs m | 24 | 28 | 14.9% |
| Total Revenues | Rs m | 11,966 | 14,870 | 24.3% |
| Gross profit | Rs m | 2,415 | 2,536 | 5.0% |
| Depreciation | Rs m | 532 | 710 | 33.6% |
| Interest | Rs m | 196 | 287 | 46.2% |
| Profit before tax | Rs m | 1,711 | 1,566 | -8.5% |
| Tax | Rs m | 634 | 395 | -37.7% |
| Profit after tax | Rs m | 1,078 | 1,171 | 8.7% |
| Gross profit margin | % | 20.2 | 17.1 | |
| Effective tax rate | % | 37.0 | 25.2 | |
| Net profit margin | % | 9.0 | 7.9 | |
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster
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CAMPUS ACTIVEWEAR Balance Sheet Analysis
- The company's current liabilities during FY23 stood at Rs 5 billion as compared to Rs 4 billion in FY22, thereby witnessing an increase of 18.8%.
- Long-term debt down at Rs 257 million as compared to Rs 452 million during FY22, a fall of 43.2%.
- Current assets rose 23% and stood at Rs 8 billion, while fixed assets rose 31% and stood at Rs 5 billion in FY23.
- Overall, the total assets and liabilities for FY23 stood at Rs 13 billion as against Rs 10 billion during FY22, thereby witnessing a growth of 26%.
CAMPUS ACTIVEWEAR Balance Sheet as on March 2023
| No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | % Change | |
|---|---|---|---|---|
| Networth | Rs m | 4,250 | 5,465 | 28.6 |
| Current Liabilities | Rs m | 4,215 | 5,007 | 18.8 |
| Long-term Debt | Rs m | 452 | 257 | -43.2 |
| Total Liabilities | Rs m | 10,021 | 12,613 | 25.9 |
| Current assets | Rs m | 6,458 | 7,939 | 22.9 |
| Fixed Assets | Rs m | 3,563 | 4,675 | 31.2 |
| Total Assets | Rs m | 10,021 | 12,613 | 25.9 |
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster
CAMPUS ACTIVEWEAR Cash Flow Statement Analysis
- CAMPUS ACTIVEWEAR's cash flow from operating activities (CFO) during FY23 stood at Rs 1 billion, an improvement of 609.1% on a YoY basis.
- Cash flow from investing activities (CFI) during FY23 stood at Rs -697 million, an improvement of 104.2% on a YoY basis.
- Cash flow from financial activities (CFF) during FY23 stood at Rs -331 million on a YoY basis.
- Overall, net cash flows for the company during FY23 stood at Rs 236 million from the Rs -9 million net cash flows seen during FY22.
CAMPUS ACTIVEWEAR Cash Flow Statement 2022-23
| Particulars | No. of months | 12 | 12 | % Change |
|---|---|---|---|---|
| Year Ending | Mar-22 | Mar-23 | ||
| Cash Flow from Operating Activities | Rs m | 178 | 1,265 | 609.1% |
| Cash Flow from Investing Activities | Rs m | -341 | -697 | - |
| Cash Flow from Financing Activities | Rs m | 155 | -331 | - |
| Net Cash Flow | Rs m | -9 | 236 | - |
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster
Current Valuations for CAMPUS ACTIVEWEAR
- The trailing twelve-month earnings per share (EPS) of the company stands at Rs 3.8, an improvement from the EPS of Rs 3.5 recorded last year.
- The price to earnings (P/E) ratio, at the current price of Rs 302.3, stands at 78.6 times its trailing twelve months earnings.
- The price to book value (P/BV) ratio at current price levels stands at 16.9 times, while the price to sales ratio stands at 6.2 times.
- The company's price to cash flow (P/CF) ratio stood at 75.9 times its end-of-year operating cash flow earnings.
Per Share Data/Valuations
| No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | |
|---|---|---|---|
| Sales per share (Unadj.) | Rs | 39.2 | 48.7 |
| TTM Earnings per share | Rs | 3.5 | 3.8 |
| Diluted earnings per share | Rs | 3.5 | 3.8 |
| Price to Cash Flow | x | 0.0 | 75.9 |
| TTM P/E ratio | x | 0.0 | 78.6 |
| Price / Book Value ratio | x | 0.0 | 26.1 |
| Market Cap | Rs m | 0 | 142,723 |
| Dividends per share (Unadj.) | Rs | 0.0 | 0.0 |
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster
Ratio Analysis for CAMPUS ACTIVEWEAR
Solvency Ratios
Profitability Ratios
Current Ratio: The company's current ratio improved and stood at 1.6x during FY23, from 1.5x during FY22. 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 6.5x during FY23, from 9.7x during FY22. 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 declined and down at 21.4% during FY23, from 25.4% during FY23. 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 declined and down at 32.4% during FY23, from 40.6% during FY22. 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 declined and down at 11.6% during FY23, from 12.7% during FY22. The ROA measures how efficiently the company uses its assets to generate earnings.
Key Ratio Analysis
| No. of Mths Year Ending | 12 Mar-22* | 12 Mar-23* | |
|---|---|---|---|
| Current ratio | x | 1.5 | 1.6 |
| Debtors’ Days | Days | 41 | 43 |
| Interest coverage | x | 9.7 | 6.5 |
| Debt to equity ratio | x | 0.1 | 0.0 |
| Return on assets | % | 12.7 | 11.6 |
| Return on equity | % | 25.4 | 21.4 |
| Return on capital employed | % | 40.6 | 32.4 |
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster
To see how CAMPUS ACTIVEWEAR has performed over the last 5 years, please visit here.
CAMPUS ACTIVEWEAR Share Price Performance
Over the last one year, CAMPUS ACTIVEWEAR share price has moved down from Rs 538.2 to Rs 302.3, registering a loss of Rs 235.9 or around 43.8%.
Overall, the is up 12.3% over the year.
(To know more, check out historical annual results for CAMPUS ACTIVEWEAR and quarterly results for CAMPUS ACTIVEWEAR)
Annual Report FAQs
What is the current share price of CAMPUS ACTIVEWEAR?
CAMPUS ACTIVEWEAR currently trades at Rs 260.5 per share. You can check out the latest share price performance of CAMPUS ACTIVEWEAR here...
What was the revenue of CAMPUS ACTIVEWEAR in FY23? How does it compare to earlier years?
The revenues of CAMPUS ACTIVEWEAR stood at Rs 14,870 m in FY23, which was up 24.3% compared to Rs 11,966 m reported in FY22.
CAMPUS ACTIVEWEAR's revenue has grown from Rs 5,967 m in FY19 to Rs 14,870 m in FY23.
Over the past 5 years, the revenue of CAMPUS ACTIVEWEAR has grown at a CAGR of 25.6%.
What was the net profit of CAMPUS ACTIVEWEAR in FY23? How does it compare to earlier years?
The net profit of CAMPUS ACTIVEWEAR stood at Rs 1,171 m in FY23, which was up 8.7% compared to Rs 1,078 m reported in FY22.
This compares to a net profit of Rs 269 m in FY21 and a net profit of Rs 624 m in FY20.
Over the past 5 years, CAMPUS ACTIVEWEAR net profit has grown at a CAGR of 32.0%.
What does the cash flow statement of CAMPUS ACTIVEWEAR reveal?
The cash flow statement is the financial statement that presents the cash inflows and outflows of a company during a given period of time.
This statement is one of the most useful tools for judging a company's liquidity position. The ratios and parameters in this statement helps test a company's financial health.
The cash flow statement of CAMPUS ACTIVEWEAR reveals:
- Cash flow from operations increased in FY23 and stood at Rs 1,265 m as compared to Rs 178 m in FY22.
- Cash flow from investments decreased in FY23 and stood at Rs -697 m as compared to Rs -341 m in FY22.
- Cash flow from financial activity decreased in FY23 and stood at Rs -331 m as compared to Rs 155 m in FY22.
Here's the cash flow statement of CAMPUS ACTIVEWEAR for the past 5 years.
| (Rs m) | FY19 | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|---|
| From Operations | 544 | 995 | 1,243 | 178 | 1,265 |
| From Investments | -288 | -1,545 | -90 | -341 | -697 |
| From Financial Activity | -255 | 686 | -1,294 | 155 | -331 |
| Net Cashflow | 1 | 135 | -141 | -9 | 236 |
What does the Key Ratio analysis of CAMPUS ACTIVEWEAR reveal?
Be it the company's profitability, operations effectiveness or utilization of funds, ratio analysis is an important tool which helps in making investment decisions.
The ratio/financial analysis of CAMPUS ACTIVEWEAR reveals:
- Operating profit margins witnessed a fall and stood at 17.1% in FY23 as against 20.2% in FY22.
- Net profit margins declined from 9.0% in FY22 to 7.9% in FY23.
- Debt to Equity ratio for FY23 stood at 0.0 as compared to 0.1 in FY22.
Here's the ratio/financial analysis of CAMPUS ACTIVEWEAR for the past 5 years.
| FY19 | FY20 | FY21 | FY22 | FY23 | |
|---|---|---|---|---|---|
| Operating Profit Margin (%) | 16.8 | 18.6 | 16.3 | 20.2 | 17.1 |
| Net Profit Margin (%) | 6.5 | 8.5 | 3.8 | 9.0 | 7.9 |
| Debt to Equity Ratio (x) | 0.1 | 0.2 | 0.2 | 0.1 | 0.0 |
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