Alirox Abrasives Annual Reports, Balance Sheet and Financials

ALIROX ABRASIVES Ltd Balance Sheet (In Rs. Lakhs)

ALIROX ABRASIVES Ltd Profit & Loss Statement (In Rs. Lakhs)

ALIROX ABRASIVES Ltd Consolidated Cash Flow Statement (In Rs. Lakhs)

Certainly, here is a summary of ALIROX ABRASIVES Ltd Consolidated Cash Flow Statement for the last two years, activity-wise:

Cash Flow from Operating Activities:

- Net Profit before tax decreased from 6.68 in 2021-22 to 1.86 in 2022-23, indicating lower profitability in the most recent year.

- Depreciation/Amortization expenses decreased from 14.28 in 2021-22 to 11.15 in 2022-23, which could be due to reduced asset depreciation.

- Net Gain on Value of Mutual Fund Amount Written Back improved slightly from -2.04 in 2021-22 to -1.76 in 2022-23.

- Amount Written Off increased from zero in 2021-22 to -0.44 in 2022-23, indicating potential write-offs in the latest year.

- Dividend Income increased significantly from -22.65 in 2021-22 to -36.12 in 2022-23, indicating higher dividend receipts.

- Interest Income decreased slightly from -4.62 in 2021-22 to -3.85 in 2022-23.

- Operating Profit before working Capital Changes decreased significantly from -8.37 in 2021-22 to -28.29 in 2022-23, indicating operational challenges or lower profitability.

- Adjustments for working Capital Changes:

    - Trade and Other Payables improved from -16.37 in 2021-22 to 3.19 in 2022-23, indicating better management of payables.

    - Trade and Other Receivables decreased from 3.63 in 2021-22 to -3.55 in 2022-23, suggesting a decrease in receivables or potential collection issues.

    - Net Cash from Operating Activities decreased from -26.43 in 2021-22 to -34.27 in 2022-23, indicating a decrease in cash generated from core operations.

Cash Flow from Investing Activities:

- BuyBack of Equity Shares of -230.17 in 2022-23 is a significant cash outflow, which was not present in the previous year.

- Purchase of Investments and Sale of Investments amounted to -39.34 in 2022-23, indicating some investment activities.

- Interest Received remained stable at -3.85, and Dividend Received increased from 22.65 in 2021-22 to 36.12 in 2022-23.

- Net Cash used in Investing Activities increased significantly from 27.28 in 2021-22 to -229.54 in 2022-23, indicating substantial investments and buyback of equity shares.

Cash Flow from Financing Activities:

- Inter Corporate Loan Repaid amounted to -86 in 2021-22, and there is no specified amount for 2022-23.

- Net cash from / (used in) financing activities was -86 in 2021-22, with no specified amount for 2022-23.

Cash and cash equivalents:

- Cash and cash equivalents (Closing Balance) increased from 8.62 in 2021-22 to 42.69 in 2022-23, indicating a stronger cash position at the end of the year.

Components of Cash & Cash Equivalents (As at 31 March):

- Balances with banks in Current Accounts increased from 8.46 in 2021-22 to 42.49 in 2022-23.

- Deposits with original maturity of less than 3 months and Cash on hand remained relatively stable.

ALIROX ABRASIVES Key Financial Ratios

Certainly, here 's a summary of the key financial ratios for ALIROX ABRASIVES Ltd

1. Current Ratio:

   - 2023: 6.65

   - 2022: 7.04

   - Analysis: The current ratio measures a company 's ability to cover its short-term liabilities with its short-term assets. ALIROX ABRASIVES has a high current ratio in both years, indicating a strong ability to meet its short-term obligations.

2. Return on Equity Ratio:

   - 2023: 0.0015 (0.15%)

   - 2022: 0.0016 (0.16%)

   - Analysis: The return on equity (ROE) ratio represents the profitability of shareholders ' equity. ALIROX ABRASIVES has a low ROE in both years, indicating that it is generating a relatively small return on shareholders ' investments.

3. Net Capital Turnover Ratio:

   - 2023: 0.65

   - 2022: 0.46

   - Analysis: The net capital turnover ratio measures how efficiently a company uses its capital to generate revenue. ALIROX ABRASIVES has improved its capital turnover in 2023, indicating better utilization of capital for revenue generation.

4. Net Profit Ratio:

   - 2023: 0.23 (23%)

   - 2022: 0.22 (22%)

   - Analysis: The net profit ratio, also known as the profit margin, represents the percentage of profit earned for every rupee of sales. ALIROX ABRASIVES has a stable net profit margin, with a slight increase in 2023, indicating a consistent level of profitability.

5. Return on Capital Employed (ROCE):

   - 2023: 0.0017 (0.17%)

   - 2022: 0.0018 (0.18%)

   - Analysis: The return on capital employed (ROCE) ratio measures the efficiency of capital utilization in generating profit. ALIROX ABRASIVES has a relatively low ROCE in both years, suggesting that it may need to improve its capital utilization efficiency.

6. Return on Investment (ROI):

   - 2023: 0.0056 (0.56%)

   - 2022: 0.0045 (0.45%)

   - Analysis: The return on investment (ROI) ratio evaluates the return generated from overall investments. ALIROX ABRASIVES has a modest ROI, with a slight improvement in 2023, indicating a reasonable return on investments.