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Annapurna Swadisht (NSE:ANNAPURNA) ROE % : 16.07% (As of Sep. 2023)


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What is Annapurna Swadisht ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Annapurna Swadisht's annualized net income for the quarter that ended in Sep. 2023 was ₹131 Mil. Annapurna Swadisht's average Total Stockholders Equity over the quarter that ended in Sep. 2023 was ₹817 Mil. Therefore, Annapurna Swadisht's annualized ROE % for the quarter that ended in Sep. 2023 was 16.07%.

The historical rank and industry rank for Annapurna Swadisht's ROE % or its related term are showing as below:

NSE:ANNAPURNA' s ROE % Range Over the Past 10 Years
Min: 14.83   Med: 32.58   Max: 41.48
Current: 14.83

During the past 4 years, Annapurna Swadisht's highest ROE % was 41.48%. The lowest was 14.83%. And the median was 32.58%.

NSE:ANNAPURNA's ROE % is ranked better than
78.14% of 1821 companies
in the Consumer Packaged Goods industry
Industry Median: 6.33 vs NSE:ANNAPURNA: 14.83

Annapurna Swadisht ROE % Historical Data

The historical data trend for Annapurna Swadisht's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Annapurna Swadisht ROE % Chart

Annapurna Swadisht Annual Data
Trend Mar20 Mar21 Mar22 Mar23
ROE %
41.48 32.58 - 20.95

Annapurna Swadisht Semi-Annual Data
Mar20 Mar21 Sep21 Sep22 Mar23 Sep23
ROE % Get a 7-Day Free Trial - 108.76 10.32 14.78 16.07

Competitive Comparison of Annapurna Swadisht's ROE %

For the Packaged Foods subindustry, Annapurna Swadisht's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Annapurna Swadisht's ROE % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Annapurna Swadisht's ROE % distribution charts can be found below:

* The bar in red indicates where Annapurna Swadisht's ROE % falls into.



Annapurna Swadisht ROE % Calculation

Annapurna Swadisht's annualized ROE % for the fiscal year that ended in Mar. 2023 is calculated as

ROE %=Net Income (A: Mar. 2023 )/( (Total Stockholders Equity (A: Mar. 2022 )+Total Stockholders Equity (A: Mar. 2023 ))/ count )
=71.444/( (84.539+597.632)/ 2 )
=71.444/341.0855
=20.95 %

Annapurna Swadisht's annualized ROE % for the quarter that ended in Sep. 2023 is calculated as

ROE %=Net Income (Q: Sep. 2023 )/( (Total Stockholders Equity (Q: Mar. 2023 )+Total Stockholders Equity (Q: Sep. 2023 ))/ count )
=131.29/( (597.632+1036.493)/ 2 )
=131.29/817.0625
=16.07 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Sep. 2023) net income data. ROE % is displayed in the 30-year financial page.


Annapurna Swadisht  (NSE:ANNAPURNA) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Sep. 2023 )
=Net Income/Total Stockholders Equity
=131.29/817.0625
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(131.29 / 2622.7)*(2622.7 / 1339.8335)*(1339.8335 / 817.0625)
=Net Margin %*Asset Turnover*Equity Multiplier
=5.01 %*1.9575*1.6398
=ROA %*Equity Multiplier
=9.81 %*1.6398
=16.07 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Sep. 2023 )
=Net Income/Total Stockholders Equity
=131.29/817.0625
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (131.29 / 187.568) * (187.568 / 223.856) * (223.856 / 2622.7) * (2622.7 / 1339.8335) * (1339.8335 / 817.0625)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7 * 0.8379 * 8.54 % * 1.9575 * 1.6398
=16.07 %

Note: The net income data used here is two times the semi-annual (Sep. 2023) net income data. The Revenue data used here is two times the semi-annual (Sep. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Annapurna Swadisht ROE % Related Terms

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Annapurna Swadisht (NSE:ANNAPURNA) Business Description

Traded in Other Exchanges
N/A
Address
Jawaharlal Nehru Road, Chatterjee International Building, 13th Floor, Unit No. A01 and A02, 33A, Kolkata, WB, IND, 700071
Annapurna Swadisht Ltd is a manufacturer of snacks and food products, namely, Fryums, cakes, candy, namkeen, chips, and Gohona Bori. It sells more than 12 Lakh packets of products daily. The company's products are marketed under its own brand names Jackpot, Chatpata Moon, Balloon, Finger, Rambo, Makeup Box, Dhamaka, Phoochka, Jungle Adventures, Ringa, Bachpan Ka Pyaar, Kurchure, Cream Filled Cake Vanilla, Cream Filled Cake Litchi, among others. The company operates only in one segment, namely the manufacturing of food products.

Annapurna Swadisht (NSE:ANNAPURNA) Headlines

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