Vanaz Engineers Limited Balance Sheet (Amt. in Crores)

Vanaz Engineers Limited Profit & Loss Statement (Amt. in Crores)

Vanaz Engineers Limited Financial Ratios

Insight of the financial ratios of Vanaz Engineers Limited for March 31, 2023

Based on the financial ratios provided for Vanaz Engineers Limited for March 31, 2023, compared to March 31, 2022, here are some insights:

Total Debt/Equity Ratio: The Company’s leverage has slightly increased from 0.06 to 0.07, indicating a slightly higher reliance on debt financing relative to equity.

Total Debt/Total Assets Ratio: There 's a slight increase in the proportion of debt used to finance assets, suggesting a slightly higher risk associated with the company 's capital structure.

Total Assets/Equity Ratio: The ratio has increased from 1.16 to 1.20, indicating a slight increase in assets relative to equity.

Quick Ratio and Current Ratio: Both liquidity ratios have decreased significantly, indicating a reduction in the company 's short-term liquidity compared to the previous year.

Interest Coverage Ratio: There 's a substantial improvement in the company 's ability to cover interest expenses, with the ratio increasing significantly from 1,597.97 to 5,019.63. This suggests a better financial health and ability to meet interest obligations.

Profitability Ratios:

Gross Margin: Slightly decreased from 48.34% to 48.13%.

Net Margin: There 's a significant improvement in net margin, from 11.19% to 17.07%, indicating better control over expenses or increased revenue.

EBITDA Margin: Improved significantly from 18.23% to 23.66%, indicating better operational efficiency.

Return on Fixed Assets, Return on Equity, and Return on Capital Employed: All profitability ratios have increased, indicating better utilization of assets and equity to generate profits.

Asset Utilization Ratios:

Total Asset Turnover: Improved from 0.77 to 0.99, indicating more efficient use of assets to generate revenue.

Fixed Asset Turnover: Also improved, suggesting better utilization of fixed assets.

In Summary, Overall, Vanaz Engineers Limited has shown improvements in profitability, asset utilization, and interest coverage, but there are slight concerns regarding increased leverage and reduced liquidity. However, the significant improvement in interest coverage ratio is a positive sign for the company 's financial health.

Dividend History of Tata Capital Limited