Buttefly appliances Ltd.

Horizontal analysis: Vertical analysis

2019 2018 % change
Assets Assets
Non current assets Non current assets
a. PPE 12839.07 12446.42 3.15% a. PPE
b. Capital WIP 652.76 177.22 268.33% b. Capital WIP
c. Other intagible assets 3877.33 4144.37 -6.44% c. Other intagible assets
d. Financial assets d. Financial assets
i. investments 23.31 11.34 105.56% i. investments
ii. Other financiala ssets 107.6 246.32 -56.32% ii. Other financiala ssets
e. Deferred tax assets 136.29 138.35 -1.49% e. Deferred tax assets

Current assets Current assets

a. inventories 14210.29 12513.37 13.56% a. inventories
b. financial assets b. financial assets
i. trade receivables 11705.82 13055.76 -10.34% i. trade receivables
ii. Cash and cash equivalents 327.68 1630.42 -79.90% ii. Cash and cash equivalents
iii. Bank balances 655.34 639.05 2.55% iii. Bank balances
iv. Other financial assets 445.67 300.34 48.39% iv. Other financial assets
c. current tax assets 48.21 48.21 0.00% c. current tax assets
d. other current assets 1354.48 1410.38 -3.96% d. other current assets
28747.49 29597.53
Total assets 46383.85 46761.55 -0.81% Total assets

Equity and Liabilities Equity and Liabilities

Equity Equity
a. equity share capital 1787.96 1787.96 0.00% a. equity share capital
b. other equity 17153.58 16233.27 5.67% b. other equity
18941.54 18021.23 5.11%
Liabilities Liabilities
Non current liabilities Non current liabilities
a. financial liabilities a. financial liabilities
i. long term borrowings 3940.01 4316.7 -8.73% i. long term borrowings
ii. Other financial liabilities 277.66 264.66 4.91% ii. Other financial liabilities

Current liabilities Current liabilities

a. finanical liabilities a. finanical liabilities
i. short term borrowings 10433.68 14536.82 -28.23% i. short term borrowings
ii. Trade payables ii. Trade payables
a. dues to micro enterprises 49.33 20.41 141.70% a. dues to micro enterprises
b. other than above 9889.72 5591.39 76.87% b. other than above
iii. Other financial liabilities 1526.35 2466.41 -38.11% iii. Other financial liabilities
b. other current liabilities 581.26 825.87 -29.62% b. other current liabilities
c. short term provisions 648.23 540.09 20.02% c. short term provisions
d. current tax liabilities 96.07 177.97 -46.02% d. current tax liabilities
23224.64 24158.96
Total equity and liabilities 46383.85 46761.55 -0.81% Total equity and liabilities
 Trend Analysis
2019 2018 2019 2018 2019
Assets
Non current assets
12839.07 12446.42 27.680 26.617 a. PPE 103.15%
652.76 177.22 1.407 0.379 b. Capital WIP 368.33%
3877.33 4144.37 8.359 8.863 c. Other intagible assets 93.56%
d. Financial assets
23.31 11.34 0.050 0.024 i. investments 205.56%
107.6 246.32 0.232 0.527 ii. Other financiala ssets 43.68%
136.29 138.35 0.294 0.296 e. Deferred tax assets 98.51%

Current assets
14210.29 12513.37 30.636 26.760 a. inventories 113.56%
b. financial assets
11705.82 13055.76 25.237 27.920 i. trade receivables 89.66%
327.68 1630.42 0.706 3.487 ii. Cash and cash equivalents 20.10%
655.34 639.05 1.413 1.367 iii. Bank balances 102.55%
445.67 300.34 0.961 0.642 iv. Other financial assets 148.39%
48.21 48.21 0.104 0.103 c. current tax assets 100.00%
1354.48 1410.38 2.920 3.016 d. other current assets 96.04%

46383.85 46761.55 100.000 100.000 Total assets 99.19%

Equity and Liabilities

Equity
1787.96 1787.96 3.855 3.824 a. equity share capital 100.00%
17153.58 16233.27 36.982 34.715 b. other equity 105.67%

Liabilities
Non current liabilities
a. financial liabilities
3940.01 4316.7 8.494 9.231 i. long term borrowings 91.27%
277.66 264.66 0.599 0.566 ii. Other financial liabilities 104.91%

Current liabilities
a. finanical liabilities
10433.68 14536.82 22.494 31.087 i. short term borrowings 71.77%
ii. Trade payables
49.33 20.41 0.106 0.044 a. dues to micro enterprises 241.70%
9889.72 5591.39 21.321 11.957 b. other than above 176.87%
1526.35 2466.41 3.291 5.274 iii. Other financial liabilities 61.89%
581.26 825.87 1.253 1.766 b. other current liabilities 70.38%
 648.23 540.09 1.398 1.155 c. short term provisions 120.02%
96.07 177.97 0.207 0.381 d. current tax liabilities 53.98%

46383.85 46761.55 100 100 Total equity and liabilities 99.19%

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Profit and Loss account
Horizontal analysis
Particulars 2019 2018 % change
I. Revenue from operations 65198.32 54931.07 18.69%
II. Other income 204.93 160.52 27.67%
III. Total Income 65403.25 55091.59 18.72%

IV. Expenses
Cost of materials consumed 31663.55 21875.56 44.74%
purchase of stock in trade 9760.49 10641.73 -8.28%
changes in inventories of FG WIP and SIT -2422.35 -991.09 144.41%
Excise duty 875.45 -100.00%
employee benefit exp 7014.65 5733.06 22.35%
finance costs 2245.12 1808.8 24.12%
depn and amortisation 1289.27 1237.78 4.16%
other expenses 14613.24 13326.81 9.65%
Total Expenses 64163.97 54508.1 17.71%

V. Profit before exceptional items and tax 1239.28 583.49 112.39%

VI. Exceptional items
VII. Profit before tax 1239.28 583.49 112.39%
VIII. Tax expenses
Current tax 260.11 175.92 47.86%
deferred tax 21.91 -73.73 -129.72%
Total tax expenses 282.02 102.19 175.98%

IX. Profit for the year 957.26 481.3 98.89%

Vertical Analysis
Particulars 2019 2018 2019 2018
I. Revenue from operations 65198.32 54931.07 100 100
II. Other income 204.93 160.52 0.314 0.292
III. Total Income 65403.25 55091.59 100.314 100.292

IV. Expenses
Cost of materials consumed 31663.55 21875.56 48.565 39.824
purchase of stock in trade 9760.49 10641.73 14.970 19.373
changes in inventories of FG WIP and SIT -2422.35 -991.09 -3.715 -1.804
Excise duty 875.45 0.000 1.594
employee benefit exp 7014.65 5733.06 10.759 10.437
finance costs 2245.12 1808.8 3.444 3.293
depn and amortisation 1289.27 1237.78 1.977 2.253
other expenses 14613.24 13326.81 22.414 24.261
Total Expenses 64163.97 54508.1 98.414 99.230

V. Profit before exceptional items and tax 1239.28 583.49 1.901 1.062
VI. Exceptional items
VII. Profit before tax 1239.28 583.49 1.901 1.062
VIII. Tax expenses
Current tax 260.11 175.92 0.399 0.320
deferred tax 21.91 -73.73 0.034 -0.134
Total tax expenses 282.02 102.19 0.433 0.186

IX. Profit for the year 957.26 481.3 1.468 0.876

Trend Analysis
Particulars 2019 2018
I. Revenue from operations 118.69% 100%
II. Other income 127.67% 100%
III. Total Income 118.72% 100%

IV. Expenses
Cost of materials consumed 144.74% 100%
purchase of stock in trade 91.72% 100%
changes in inventories of FG WIP and SIT 244.41% 100%
Excise duty 0.00% 100%
employee benefit exp 122.35% 100%
finance costs 124.12% 100%
depn and amortisation 104.16% 100%
other expenses 109.65% 100%
Total Expenses 117.71% 100%

V. Profit before exceptional items and tax 212.39% 100%

VI. Exceptional items
VII. Profit before tax 212.39% 100%
VIII. Tax expenses
Current tax 147.86% 100%
deferred tax -29.72% 100%
Total tax expenses 275.98% 100%

IX. Profit for the year 198.89% 100%

Ratio analysis:

Profitability ratio: 2019 2018 Solvency ratios 2019

Profit margin 1.468% 0.876% Liability to Equity ratio 1.44879
Asset turnover 1.406 1.175 Interest coverage ratio -0.448012
ROA 2.064% 1.029% Debt Equity ratio 0.758845
ROE 5.054% 2.671%
Leverage 2.4487898027 2.594803462 Capital market standing 2019
P/E ratio
EPS Earnings yield
Shares outstanding 17,879,551 17,879,551 Dividend yield
Net profit (after OCI) 92,031,000 50,492,000 P/B ratio
EPS 5.147 2.824

Liquidity ratios 2019 2018

Current ratio 1.24 1.23
Quick ratio 0.63 0.71
Receivables turnover 5.27 4.21
Avg collection period 69.31 86.75
Invnetory turnover 2.92 2.52
Inventory holding period 125.05 144.88
Operating cycle 194.36 231.63
 2018
1.594803
-0.677416
1.046184

2018