Capitaline

Sales of Food Divison segment has gone up 9.42% to Rs 10.02 crore (accounting for 14.98% of total sales). Sales of Engineering Division segment has gone up 32.12% to Rs 56.88 crore (accounting for 85.02% of total sales).
Profit before interest, tax and other unallocable items (PBIT) has jumped 27.50% to Rs 16.74 crore. PBIT of Food Divison segment fell 24.10% to Rs 1.70 crore (accounting for 10.16% of total PBIT). PBIT of Engineering Division segment rose 38.12% to Rs 15.04 crore (accounting for 89.84% of total PBIT).
PBIT margin of Food Divison segment fell from 24.46% to 16.97%. PBIT margin of Engineering Division segment rose from 25.29% to 26.44%. Overall PBIT margin fell from 25.15% to 25.02%.

Full year results analysis

Net sales (including other operating income) of Mazda has increased 16.08% to Rs 191.52 crore. Operating profit margin has jumped from 16.70% to 19.41%, leading to 34.92% rise in operating profit to Rs 37.17 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 50.25% to 52.22%. Employee cost decreased from 12.69% to 11.48%. Other expenses fell from 20.71% to 18.27%. Contract job process charges fell from 8.50% to 7.31%. Other income fell 26.65% to Rs 2.34 crore. PBIDT rose 28.53% to Rs 39.51 crore. Provision for interest fell 5.97% to Rs 0.63 crore. PBDT rose 29.30% to Rs 38.88 crore. Provision for depreciation rose 30.17% to Rs 3.15 crore. Profit before tax grew 29.22% to Rs 35.73 crore. Provision for tax was expense of Rs 9.1 crore, compared to Rs 6.41 crore. Effective tax rate was 25.47% compared to 23.18%. Profit after tax rose 25.38% to Rs 26.63 crore.

Other developments

Equity capital stood at Rs 4.01 crore as of 31 March 2023 to Rs 4.01 crore as of 31 March 2022. Per share face Value remained same at Rs 10.00.

Promoters’ stake was 48.35% as of 31 March 2023 ,compared to 48.35% as of 31 March 2022 .

Loan funds rose to Rs 0.63 crore as of 31 March 2023 from Rs 0.28 crore as of 31 March 2022. Inventories rose to Rs 52.90 crore as of 31 March 2023 from Rs 34.65 crore as of 31 March 2022. Sundry debtors were lower at Rs 36.70 crore as of 31 March 2023 compared to Rs 41.59 crore as of 31 March 2022. Cash and bank balance rose to Rs 8.06 crore as of 31 March 2023 from Rs 4.74 crore as of 31 March 2022. Investments rose to Rs 43.26 crore as of 31 March 2023 from Rs 31.19 crore as of 31 March 2022 . Fixed assets increased to Rs 76.03 crore as of 31 March 2023 from Rs 74.53 crore as of 31 March 2022. Intangible assets increased from Rs 0.19 crore to Rs 0.25 crore.

Cash flow from operating activities increased to Rs 23.59 crore for year ended March 2023 from Rs 8.40 crore for year ended March 2022. Cash flow used in acquiring fixed assets during the year ended March 2023 stood at Rs 4.60 crore, compared to Rs 15.85 crore during the year ended March 2022.

Quarter ended

Year ended

Particulars

202303

202203

Var.(%)

202303

202203

Var.(%)

Net Sales (including other operating income)

66.90

52.21

28.14

191.52

164.99

16.08

OPM (%)

22.62

17.66

496 bps

19.41

16.70

271 bps

15.13

9.22

64.10

37.17

27.55

34.92

Other Inc.

0.61

1.46

-58.22

2.34

3.19

-26.65

PBIDT

15.74

10.68

47.38

39.51

30.74

28.53

Interest

0.16

0.11

45.45

0.63

0.67

-5.97

PBDT

15.58

10.57

47.40

38.88

30.07

29.30

Depreciation

0.95

0.46

106.52

3.15

2.42

30.17

PBT

14.63

10.11

44.71

35.73

27.65

29.22

PBT before EO

14.63

10.11

44.71

35.73

27.65

29.22

EO Income

PBT after EO

14.63

10.11

44.71

35.73

27.65

29.22

Taxation

2.26

76.99

9.1

6.41

41.97

PAT

10.63

7.85

35.41

26.63

21.24

25.38

P/(L) from discontinued operations net of tax

Net profit after discontinued operations

10.63

7.85

35.41

26.63

21.24

25.38

EPS (Rs)*

26.54

19.60

35.41

66.49

53.03

25.38

* EPS is on current equity of Rs 4.01 crore, Face value of Rs 10, Excluding extraordinary items.

# EPS is not annualised

bps : Basis points

EO : Extraordinary items

Figures in Rs crore

Source: Capitaline Corporate Database

Quarter ended

Year ended

% of (Total)

202303

202203

Var.(%)

% of (Total)

202303

202203

Var.(%)

Sales

Vaccum Products

0.00

Values Products

0.00

Biotech

0.00

Food Divison

14.98

10.02

9.16

9.42

13.91

26.63

25.04

6.34

Engineering Division

85.02

56.88

43.06

32.12

86.09

164.89

139.95

17.82

Total Reported Sales

100.00

66.90

52.21

28.14

100.00

191.52

164.99

16.08

Less: Inter segment revenues

0.00

Net Sales

100.00

66.90

52.21

28.14

100.00

191.52

164.99

16.08

PBIT

Vaccum Products

0.00

Values Products

0.00

Biotech

0.00

Food Divison

10.16

1.70

2.24

-24.10

7.37

3.71

4.44

-16.38

Engineering Division

89.84

15.04

10.89

38.12

92.63

46.64

37.27

25.14

Total PBIT

100.00

16.74

13.13

27.50

100.00

50.35

41.71

20.72

Less : Interest

0.16

0.11

40.67

0.63

0.67

-6.38

Add: Other un-allcoable

-1.95

-2.90

32.80

-14.00

-13.39

-4.57

PBIT Margin(%)

Vaccum Products

0.00

Values Products

0.00

Biotech

0.00

Food Divison

16.97

24.46

-749.30

13.94

17.73

-378.83

Engineering Division

26.44

25.29

114.85

28.29

26.63

165.45

PBT

100.00

14.63

10.11

44.68

100.00

35.72

27.65

29.20