Mohan Meakin, a prominent company in the Indian market, has released its financial results for fiscal year 2022 (FY22) and fiscal year 2023 (FY23). This article aims to provide an overview of the company's financial performance during these periods, highlighting key metrics such as revenue, EBITDA, profitability, cash generation, and valuation. Additionally, a comparison table will be presented to facilitate a better understanding of Mohan Meakin's progress and changes over the two years.
Financial Performance Comparison: FY22 vs. FY23
Metric |
FY22 |
FY23 |
Revenue (in INR crore) |
1380 |
1780 |
EBITDA (in INR crore) |
76 |
96 |
EBITDA Margins |
5.55% |
5.39% |
Profit After Tax (PAT) |
51 |
68 |
Earnings Per Share (EPS) |
60 |
80 |
Free Cash Generated |
37 |
16 |
Return on Equity (ROE) |
34% |
25% |
Return on Capital Employed (ROCE) |
30.8% |
30% |
Price-to-Earnings (P/E) |
- |
17.5x |
Market Capitalization (Mcap) |
- |
1200 crore |
Revenue FY23: The company recorded a revenue of INR 1780 crore, indicating a significant increase from the previous fiscal year. FY22: The revenue for FY22 stood at INR 1380 crore.
EBITDA FY23: Mohan Meakin's EBITDA for FY23 reached INR 96 crore, reflecting a positive growth trajectory. FY22: The company reported an EBITDA of INR 76 crore in FY22.
EBITDA Margins FY23: The EBITDA margins for FY23 were 5.39%, suggesting a slight decrease compared to the previous year. FY22: Mohan Meakin's EBITDA margins for FY22 were slightly higher at 5.55%.
Profit After Tax (PAT) FY23: The company achieved a PAT of INR 68 crore in FY23, indicating improved profitability. FY22: Mohan Meakin reported a PAT of INR 51 crore in FY22.
Earnings Per Share (EPS) FY23: The EPS for FY23 amounted to INR 80, showcasing a positive growth trend. FY22: In FY22, the EPS was INR 60.
Debt and Free Cash Generation FY23: Mohan Meakin remains a debt-free company. The free cash generated during FY23 amounted to INR 16 crore, reflecting a decrease compared to the previous fiscal year. FY22: The company generated free cash of INR 37 crore in FY22.
Return on Equity (ROE) FY23: The ROE for FY23 was 25%, suggesting a decline compared to the previous year. FY22: Mohan Meakin achieved an ROE of 34% in FY22.
Return on Capital Employed (ROCE) FY23: The ROCE for FY23 remained relatively stable at 30%. FY22: In FY22, Mohan Meakin's ROCE was 30.8%.
Valuation: The market valuation of Mohan Meakin stood at a price-to-earnings (P/E) ratio of 17.5x, indicating investor confidence in the company's performance. The market capitalization (Mcap) was recorded at INR 1200 crore.
Conclusion: Mohan Meakin's financial performance in FY23 demonstrates substantial growth in terms of revenue, EBITDA, PAT, and EPS. Although there were slight declines in EBITDA margins, ROE, and free cash generation, the company remained debt-free and maintained a consistent ROCE. The favorable valuation metrics, including the P/E ratio and market capitalization, indicate a positive market sentiment towards Mohan Meakin's future prospects. As the company continues to navigate the business landscape, it will be interesting to observe its strategic initiatives and their impact on future financial results.
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