| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Arcotech Limited |
|
Particulars |
31-03-2023 |
31-03-2022 |
|
ASSETS |
||
|
Non-current assets |
||
|
Property, plant and equipment |
14,827.72 |
15,928.61 |
|
Investments |
1.14 |
1.08 |
|
Other financial assets |
50.38 |
50.38 |
|
Deferred tax assets (net) |
13,735.49 |
9,936.42 |
|
Other non-current assets |
- |
753 |
|
Current assets |
||
|
Inventories |
2,733.24 |
2,733.24 |
|
Trade receivables |
15,521.26 |
21,509.42 |
|
Cash and cash equivalents |
0.92 |
0.51 |
|
Other bank balances |
16.06 |
15.82 |
|
Other current financial assets |
7.76 |
9.53 |
|
Other current assets |
5,305.69 |
6,561.61 |
|
Total Assets |
52,199.66 |
57,499.62 |
|
EQUITY AND LIABILITIES |
||
|
Equity share capital |
2,100.00 |
2,100.00 |
|
Other equity |
-8,040.19 |
175.18 |
|
Non-current liabilities |
||
|
Borrowings |
331.51 |
288.14 |
|
Provisions |
127.97 |
136.11 |
|
Current liabilities |
||
|
Short Term Borrowings |
48,777.19 |
46,736.44 |
|
Total outstanding dues of micro and small enterprises |
5.17 |
4.38 |
|
Total outstanding dues other than micro and small enterprises |
65.17 |
65.48 |
|
Other financial liabilities |
5,031.68 |
4,183.06 |
|
Other current liabilities |
50.03 |
56.83 |
|
Provisions |
1,221.69 |
1,224.56 |
|
Current tax liabilities (net) |
2,529.44 |
2,529.44 |
|
Total Equity and Liabilities |
52,199.66 |
57,499.62 |
|
Particulars |
31-03-2023 |
31-03-2022 |
|
Revenue from Operations |
- |
7,473.20 |
|
Other Income |
3.60 |
1,086.20 |
|
Total Income |
3.60 |
8,559.40 |
|
Cost of raw materials & components consumed |
- |
6,759.21 |
|
Changes in inventories of finished goods, stock-in -trade and work-in-progress |
- |
3,215.12 |
|
Employee benefits expense |
36.44 |
78.88 |
|
Finance costs |
2,172.55 |
2,166.98 |
|
Depreciation |
1,097.82 |
1,104.61 |
|
Other expenses |
8,711.78 |
4,281.35 |
|
Total expenses |
12,018.59 |
17,606.15 |
|
Profit/(Loss) before tax |
-12,014.99 |
-9,046.75 |
|
Deferred tax |
-3,799.26 |
-3,037.83 |
|
Profit after tax |
-8,215.73 |
-6,008.92 |
|
Remeasurement gain/(loss) on defined benefit plans |
0.55 |
-7.61 |
|
Income tax effect |
-0.19 |
2.66 |
|
Other comprehensive income/(expense) for the year, net of tax |
0.36 |
-4.95 |
|
Total comprehensive income for the year, net of tax |
-8,215.37 |
-6,013.87 |
|
Earnings per equity share: |
|
|
|
Basic |
-7.82 |
-5.72 |
|
Diluted |
-7.82 |
-5.72 |
|
Particulars |
31-03-2023 |
31-03-2022 |
|
Cash flow from operating activities |
|
|
|
Profit before tax |
-12,014.99 |
-9,046.75 |
|
Non cash adjustments: |
|
|
|
Depreciation and amortization |
1,097.82 |
1,104.61 |
|
Finance costs |
2,172.55 |
2,166.98 |
|
Interest Income |
-0.32 |
-2.17 |
|
Reversal of interest expense |
- |
-795.67 |
|
Unrealised foreign exchange fluctuation (net) |
- |
-1.55 |
|
Provision for doubtful debts |
5,988.00 |
2,262.14 |
|
Capital advances written off |
753 |
- |
|
Provision for doubtful advances |
1,916.00 |
1,500.00 |
|
Sundry balance written of (creditors) |
-3.28 |
-282.87 |
|
Profit/Loss on sale of PPE |
2.57 |
-3.94 |
|
Movement in working capital: |
|
|
|
Inventories |
- |
3,215.41 |
|
Trade receivable |
0.15 |
-12.42 |
|
Other bank balances |
- |
-0.25 |
|
Current and non-current financial assets |
1.77 |
1.68 |
|
Other current and non-current assets |
-660.08 |
-40.86 |
|
Current and non-current financial liabilities |
163.1 |
230.5 |
|
Other current and non-current liabilities |
-6.8 |
-18.72 |
|
Current and non-current provisions |
-14.18 |
-2.35 |
|
Trade payable |
2.97 |
-48.65 |
|
Cash generated from operations |
-601.72 |
225.12 |
|
Direct taxes paid (net of refunds) |
- |
-54.07 |
|
Net cash flow used in operating activities |
-601.72 |
171.06 |
|
Cash flow from investing activities |
|
|
|
Purchase of property, plant and equipment |
- |
-11.05 |
|
Proceeds from sale of property, plant and equipment |
0.5 |
4.55 |
|
Interest received |
- |
1.92 |
|
Net cash used in investing activities |
0.5 |
-4.58 |
|
Cash flow from financing activities |
|
|
|
Net proceeds / (repayment) of current borrowings |
601.63 |
-166.54 |
|
Net cash used in financing activities |
601.63 |
-166.54 |
|
Net change in cash & cash equivalents |
0.41 |
-0.06 |
|
Cash and cash equivalents at the beginning of year |
0.51 |
0.57 |
|
Cash and cash equivalents at the end of year |
0.92 |
0.51 |
|
Components of cash and cash equivalents |
|
|
|
Cash in hand |
0.01 |
- |
|
Balance with banks |
0.91 |
0.51 |
|
Total cash & cash equivalents |
0.92 |
0.51 |
Here is a summary of the Cash Flow Statement for the years 2023 and 2022:
Profit Before Tax: In the year ending March 31, 2023, the company reported a profit before tax of -12,014.99, showing a decrease from -9,046.75 in the previous year.
Non-Cash Adjustments: The company made several non-cash adjustments, including depreciation and amortization, finance costs, interest income, reversal of interest expense, unrealized foreign exchange fluctuation, provision for doubtful debts, capital advances written off, provision for doubtful advances, and sundry balance written off. These adjustments are necessary to reflect the actual cash flow situation by accounting for non-cash items and adjustments.
Movement in Working Capital: There were movements in various working capital components, such as inventories, trade receivables, other bank balances, current and non-current financial assets, other current and non-current assets, financial liabilities, other current and non-current liabilities, current and non-current provisions, and trade payable. These movements impacted the cash flow generated from operations.
Cash Generated from Operations: After considering the operating profit and adjustments in working capital, the cash generated from operations was -601.72 in 2023, indicating a net outflow of cash from operating activities. In contrast, it was 225.12 in 2022, showing a significant decrease in cash generated from operations.
Direct Taxes Paid: Direct taxes paid (net of refunds) were not specified for 2023, while they amounted to -54.07 in 2022.
Net Cash Flow Used in Operating Activities: Taking into account cash generated from operations and direct taxes paid, the net cash flow used in operating activities was -601.72 in 2023 and 171.06 in 2022
Cash Flow from Investing Activities: The company engaged in the purchase and sale of property, plant, and equipment (PPE). Additionally, it received interest income. The net cash used in investing activities was 0.50 in 2023 and -4.58 in 2022.
Cash Flow from Financing Activities: The company obtained net proceeds or made repayments of current borrowings. The net cash used in financing activities was 601.63 in 2023 and -166.54 in 2022.
Net Change in Cash & Cash Equivalents: After considering cash flows from operating, investing, and financing activities, there was a net change in cash and cash equivalents of 0.41 in 2023 and -0.06 in 2022.
Cash and Cash Equivalents at the Beginning and End of the Year: The cash and cash equivalents at the beginning of the year were 0.51 in 2023 and 0.57 in 2022. By the end of the year, cash and cash equivalents increased to 0.92 in 2023 and decreased to 0.51 in 2022.
Components of Cash and Cash Equivalents: The components include cash in hand and balances with banks. These components together make up the total cash and cash equivalents.
|
Particulars |
2023 |
2022 |
|
Current Ratio |
0.41 |
0.56 |
|
Debt-Equity Ratio |
8.27 |
20.67 |
|
Debt service coverage ratio |
-0.19 |
-0.14 |
|
Return on Equity |
1.38 |
-2.64 |
|
Inventory Turnover Ratio |
- |
2.30 |
|
Trade Receivables Turnover Ratio |
- |
0.33 |
|
Trade payables turnover ratio |
- |
57.92 |
|
Net capital turnover ratio |
- |
3.28 |
|
Net profit ratio |
- |
-0.80 |
|
Return on Capital employed |
1.07 |
-1.83 |
|
Return on investment |
0.05 |
0.06 |
Here is a summary of the financial and operational metrics for Arcotech Limited for the years 2023 and 2022:
Current Ratio: The current ratio decreased from 0.56 in 2022 to 0.41 in 2023. This indicates a decline in the company 's ability to cover its short-term liabilities with its current assets. A current ratio below 1.0 suggests potential liquidity issues and may indicate difficulty in meeting short-term obligations.
Debt-Equity Ratio: The debt-equity ratio decreased significantly from 20.67 in 2022 to 8.27 in 2023. This indicates a reduction in the proportion of debt relative to equity in the company 's capital structure. A lower debt-equity ratio suggests a lower financial risk and indicates a more conservative financing approach.
Debt Service Coverage Ratio: The debt service coverage ratio decreased from -0.14 in 2022 to -0.19 in 2023. A negative debt service coverage ratio indicates that the company 's operating income is insufficient to cover its debt obligations. This suggests financial distress and an increased risk of default on debt payments.
Return on Equity: The return on equity improved significantly from -2.64% in 2022 to 1.38% in 2023. This indicates that the company generated a positive return on its shareholders ' equity during the year. However, the return is still relatively low, suggesting room for improvement in profitability.
Inventory Turnover Ratio: The inventory turnover ratio is not provided for 2023, indicating that this information might not be available or applicable for the given period.
Trade Receivables Turnover Ratio: Similarly, the trade receivables turnover ratio is not provided for 2023, indicating that this information might not be available or applicable for the given period.
Trade Payables Turnover Ratio: The trade payables turnover ratio is not provided for 2023, indicating that this information might not be available or applicable for the given period.
Net Capital Turnover Ratio: The net capital turnover ratio is not provided for 2023, indicating that this information might not be available or applicable for the given period.
Net Profit Ratio: The net profit ratio is not provided for 2023, indicating that this information might not be available or applicable for the given period.
Return on Capital Employed: The return on capital employed improved significantly from -1.83% in 2022 to 1.07% in 2023. This indicates that the company generated a positive return on its capital investments during the year. However, the return is still relatively low, suggesting room for improvement.
Return on Investment: The return on investment remained relatively stable at 0.06% in 2023 compared to 2022.
|
Particulars |
2023 |
2022 |
|
Dividend Per Share |
- |
- |
|
Retained Earnings (in Lakhs) |
-11,767.30 |
|
Arcotech Limited Recent Financial Performance
Dividend per Share: The specific dividend per share figure for 2023 and 2022 is not provided. Dividend per share represents the portion of a company 's earnings that is distributed to shareholders in the form of dividends. A higher dividend per share may indicate that the company is sharing more of its profits with shareholders.
Retained Earnings: Retained earnings for 2023 amounted to Rs -11,767.30 Lakhs, while in 2022, they were Rs. -3551.57 Lakhs. Retained earnings represent the portion of a company 's profits that is reinvested in the business rather than distributed as dividends. An increase in retained earnings suggests that the company has retained more of its profits for reinvestment or future growth.
To provide a more comprehensive analysis, it would be necessary to consider additional financial metrics such as revenue, net profit, assets, liabilities, and cash flows. Additionally, an analysis of trends over multiple years and a comparison to industry benchmarks and competitors would help in assessing the company 's financial health and performance.
