Performance of Sanima, Synergy, Khani Khola and Ridhi Hydropower companies this quarter end; results might disappoint
Thu, Aug 16, 2018 5:26 PM on Financial Analysis, Latest, Stock Market,
After the inflow of FY 2074/75' Q4 reports of companies from hydropower sector, four companies namely Khani Khola, Riddhi, Synergy, Sanima Mai hydropower companies were compared with the reports of same quarter of previous year 73/74. The major highlights have been mentioned here.
|
Particulars |
Khani Khola Hydropower |
Ridhi Hydropower |
Synergy Power |
Sanima Mai Hydropower |
||||
|
Q4 2074/75 |
Difference |
Q4 2074/75 |
Difference |
Q4 2074/75 |
Difference |
Q4 2074/75 |
Difference |
|
|
Paid Up Capital |
465,714,300 |
0.00% |
501,055,100 |
6.10% |
700,000,000 |
0.00% |
2,110,000,000 |
100.00% |
|
Reserve & Surplus |
-282,604,390 |
19.79% |
35,067,664 |
-11.36% |
-132,245,759 |
-13.02% |
597,340,609 |
104.13% |
|
Borrowings |
852,874,107 |
3.32% |
34,303,915 |
-41.07% |
756,346,686 |
-5.68% |
2,677,908,746 |
-13.79% |
|
Investment |
45,008,000 |
28.56% |
140,195,900 |
0.00% |
0 |
- |
418,000,000 |
5871.43% |
|
Total Income |
72,294,181 |
24.18% |
7,643,754 |
-11.07% |
206,959,854 |
-3.57% |
873,405,737 |
8.05% |
|
Net Current Assets |
-72,012,889 |
7.03% |
-29,569,163 |
1.40% |
76,645,199 |
56.99% |
964,051,252 |
72.47% |
|
Profit After Tax |
-159,534,036 |
41.37% |
1,407,415 |
455.68% |
19,793,881 |
30.83% |
307,399,596 |
8.39% |
|
P/E Ratio |
-3.12 |
-40.91% |
67.44 |
43.28% |
43.85 |
-61.00% |
21.2 |
2.46% |
|
EPS (In Rs.) |
-34.26 |
41.39% |
7 |
51.84% |
2.83 |
31.02% |
14.57 |
-44.58% |
|
Net Worth per Share (In Rs.) |
39.32 |
-20.31% |
107 |
-0.68% |
81.11 |
3.62% |
131.21 |
2.70% |
As we can see, these companies haven’t been able to post satisfactory results for the fourth quarter of FY 74/75.
Khani Khola Hydropower saw a decrease of 20.31% in the net worth per share. Its reserves which is still in negative, increased by 19.79%. The company is also experiencing a situation of loss of Rs.15.95 Crore. The P/E ratio was already negative further decreased by 40.91%.
Ridhi Hydropower posted an increase of 51.84% in the EPS which stands at a mere Rs.7 per share. It also posted a profit of Rs.14.07 Lakhs. The borrowings of the company has decreased by 41.07%. The company still has a liability of Rs.2.95 Crore.
Looking at the financials of Synergy Power Company, the net current assets of the company have increased by almost 57%. EPS, after an increase of 31%, stands at a mere Rs.2.83 and net worth per share at Rs.81.11. The P/E ratio is at 43.85 after a decrease of 61% as compared to the financials of the previous year.
Sanima Mai Hydropower posted a net profit of Rs.30.73 Crore this year. The paid up capital of the company has gone up by 100% as compared to that of previous year. P/E ratio is at 21.2 while the EPS and net worth per share are 14.57 and 131.21 respectively.
Amongst the companied mentioned above, only Sanima Mai Hydropower has posted average results for the FY 74/75. Other companies have not been able to post decent financials which will affect the interest of investors in a negative way. Major factors like high P/E ratio, bleak amount of profits, net liabilities more than net assets, high amounts of borrowing etc. make the above mentioned companies risky in terms of investment. Moreover, they are in a situation where zero or minimal dividend can be expected.
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