| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Ashok Leyland Finance Limited |
|
Particulars |
2022 |
2021 |
|
ASSETS |
|
|
|
Non- Current Assets |
|
|
|
Property, plant and equipment |
4,977.12 |
5,309.66 |
|
Capital work-in-progress |
111.11 |
228.78 |
|
Right-of-use asset |
296.58 |
289.54 |
|
Goodwill |
449.9 |
449.9 |
|
Other intangible assets |
877.3 |
1,001.29 |
|
Intangible assets under development |
83.16 |
143.07 |
|
Financial assets |
|
|
|
(i) Investments |
3,521.58 |
3,068.72 |
|
(ii) Trade receivables |
0.03 |
0.31 |
|
(iii) Other financial assets |
68.63 |
57.54 |
|
Income tax assets (net) |
88.75 |
100.26 |
|
Other non-current assets |
337.81 |
349.31 |
|
Total non- current assets |
10,811.97 |
10,998.38 |
|
Current Assets |
|
|
|
Inventories |
2,075.20 |
2,142.29 |
|
Financial assets |
|
|
|
(i) Investments |
1298.05 |
- |
|
(ii) Trade receivables |
3111.02 |
2,816.00 |
|
(iii) Cash and cash equivalents |
994.25 |
530.13 |
|
(iv) Bank balances other than (iii) above |
52.71 |
292.82 |
|
(v) Loans |
- |
4.29 |
|
(vi) Other financial assets |
995.58 |
825.14 |
|
Other current assets |
931.37 |
840.86 |
|
Total current assets |
9458.18 |
7,451.53 |
|
Asset classified as held for sale |
63.63 |
- |
|
TOTAL ASSETS |
20,333.78 |
18,449.91 |
|
EQUITY AND LIABILITIES |
|
|
|
Equity share capital |
293.55 |
293.55 |
|
Other equity |
7,043.35 |
6,683.65 |
|
Total shareholder 's funds |
7,336.90 |
6,977.20 |
|
Non-current liabilities |
|
|
|
Financial liabilities |
|
|
|
(i) Borrowings |
2,850.61 |
2,558.01 |
|
(ii) Lease Liabilities |
34.42 |
22.12 |
|
(iii) Other financial liabilities |
29.41 |
44.88 |
|
Contract liabilities |
190.58 |
213.50 |
|
Provisions |
200.21 |
189.57 |
|
Deferred tax liabilities (net) |
144.36 |
189.57 |
|
Total non- current liabilities |
3,449.59 |
3,198.87 |
|
Current Liabilities |
|
|
|
Financial liabilities |
|
|
|
(i) Borrowings |
656.49 |
1,170.74 |
|
(ii) Lease Liabilities |
12.36 |
7.94 |
|
(iii) Trade payables |
|
|
|
a) Total outstanding dues of micro enterprises and small enterprises |
59.84 |
37.18 |
|
b) Total outstanding dues of creditors other than micro enterprises and small enterprises |
6,815.39 |
5,127.51 |
|
(iv) Other financial liabilities |
699.73 |
771.93 |
|
Contract liabilities |
416.20 |
479.43 |
|
Provisions |
470.25 |
464.96 |
|
Other current liabilities |
281.78 |
160.70 |
|
Current tax liabilities (net) |
123.47 |
53.45 |
|
Total current liabilities |
9,535.51 |
8,273.84 |
|
Liabilities directly associated with assets classified as held for sale |
11.78 |
- |
|
Total Equity and Liabilities |
20,333.78 |
18,449.91 |
|
Particulars |
2022 |
2021 |
|
Revenue From Operations |
21688.29 |
15301.45 |
|
Other Income |
76.13 |
119.50 |
|
Total Income |
21764.42 |
15420.95 |
|
EXPENSES |
|
|
|
Cost of materials and services consumed |
15913.16 |
11118.96 |
|
Purchases of stock-in-trade |
896.90 |
746.66 |
|
Changes in inventories of finished goods, stock-in-trade and work-in-progress |
-48.99 |
-462.31 |
|
Employee benefits expense |
1694.60 |
1583.89 |
|
Finance costs |
301.11 |
306.79 |
|
Depreciation and amortisation expense |
752.76 |
747.71 |
|
Other expenses |
2238.10 |
1779.11 |
|
Total expenses |
21747.64 |
15820.81 |
|
Profit / (Loss) before exceptional items and tax |
16.78 |
-399.86 |
|
Exceptional items |
510.83 |
-12.05 |
|
Profit / (Loss) before tax |
527.61 |
-411.91 |
|
Tax expense: |
|
|
|
Current tax - Charge |
10.11 |
0.02 |
|
Deferred tax - Credit |
-24.33 |
-98.25 |
|
Total Tax Expense |
-14.22 |
-98.23 |
|
Profit / (Loss) for the year |
541.83 |
-313.68 |
|
Other Comprehensive (Loss) / Income |
|
|
|
A (i) Items that will not be reclassified to Profit or Loss |
|
|
|
Re-measurement of Defined Benefit Plans |
-41.00 |
8.28 |
|
(ii) Income tax relating to items that will not be reclassified to Profit or Loss |
14.33 |
-2.89 |
|
B (i) Items that will be reclassified to Profit or Loss |
|
|
|
Effective portion of gain and loss on designated portion of hedging |
34.99 |
3.81 |
|
(ii) Income tax relating to items that will be reclassified to Profit or Loss |
-12.23 |
-1.33 |
|
Total Other Comprehensive (Loss) / Income |
-3.91 |
7.87 |
|
Total Comprehensive Income / (Loss) for the year |
537.92 |
-305.81 |
|
Earnings per equity share |
|
|
|
(1) Basic |
1.85 |
-1.07 |
|
(2) Diluted |
1.84 |
-1.07 |
|
Particulars |
2022 |
2021 |
|
Cash flows from operating activities |
|
|
|
Net Profit/ (Loss) before tax adjustments for: |
541.83 |
-313.68 |
|
Adjustments for: |
|
|
|
Income tax credit |
-14.22 |
-98.23 |
|
Depreciation and amortisation expense |
736.66 |
728.56 |
|
Depreciation of Right-of-use asset |
16.1 |
19.15 |
|
Share based payment cost |
-2.09 |
19.02 |
|
Impairment / (Reversal of) loss allowance, write off on trade receivable / other receivable (net) |
-5.38 |
63.75 |
|
Impairment (reversal) / loss in the value of equity instruments in subsidiaries (net) |
-537.83 |
11.74 |
|
Loss on fair valuation of investment |
107.13 |
- |
|
Reversal of provision for obligation |
-33.26 |
- |
|
Obligation relating to discontinued products of LCV division (net of reversal) |
3.67 |
-78.76 |
|
Reversal of provision relating to long term investment |
-1.17 |
- |
|
Foreign exchange gain |
-4.83 |
-22.06 |
|
Exchange loss on swap contracts |
17.1 |
23.94 |
|
Profit on sale of Property, plant and equipment (PPE) and intangible assets – net |
-3.02 |
-9.58 |
|
Profit on sale of Immovable Property |
- |
-6.92 |
|
Profit (net) in relation to EV and related expenses |
-104.96 |
- |
|
Provision relating to EMAAS business classified as asset held for sale |
26.84 |
- |
|
Profit on sale of investments – net |
-13.31 |
-6.91 |
|
Net (gain) / loss arising on financial asset mandatorily measured at FVTPL |
-2.36 |
6.85 |
|
Finance costs |
301.11 |
306.79 |
|
Interest income |
-21.91 |
-94.29 |
|
Dividend income |
-0.07 |
-0.19 |
|
Gain on pre-closure of leases |
-0.14 |
-0.1 |
|
Operating profit/ (loss) before working capital changes |
1005.89 |
549.08 |
|
Adjustments for changes in : |
|
|
|
Trade receivables |
-291.6 |
-1,702.47 |
|
Inventories |
20.85 |
-904.29 |
|
Other non-current and current financial assets |
160.21 |
40.74 |
|
Other non-current and current assets |
-97.4 |
8.49 |
|
Payment to escrow account |
-9.59 |
-0.75 |
|
Related party advances / receivables (net) |
-2.8 |
0.2 |
|
Trade payables |
1,732.00 |
2,132.81 |
|
Non-current and current financial liabilities |
-5.93 |
-9.75 |
|
Contract liabilities |
-80.83 |
-168.15 |
|
Other current liabilities |
98.68 |
76.16 |
|
Other non-current and current provisions |
46.03 |
-78.82 |
|
Cash from / (used in) operations |
2,575.51 |
-56.75 |
|
Income tax refund received (net) |
71.42 |
77.88 |
|
Net cash from operating activities |
2,646.93 |
21.13 |
|
Cash flows from investing activities |
|
|
|
Purchase of PPE and intangible assets |
-400.02 |
-656.08 |
|
Proceeds on sale of PPE and intangible assets including sale of immovable properties |
6.7 |
39.51 |
|
Proceeds on surrender of Leasehold land |
97.61 |
- |
|
Purchase of non-current investments |
-16.5 |
-367.68 |
|
Sale proceeds of non-current investments |
0.07 |
- |
|
(Purchase) / Proceeds from sale of current investments (net) |
-1,283.82 |
6.91 |
|
Inter corporate deposits – repaid |
- |
500 |
|
Investment in bank deposits |
-650 |
-600 |
|
Proceeds from bank deposits |
750 |
- |
|
Redemption of escrow account |
2.82 |
- |
|
Interest received |
34.16 |
101.96 |
|
Dividend received |
0.07 |
0.19 |
|
Net cash flow from investing activities |
-1,458.91 |
-975.19 |
|
Cash flow from financing activities |
|
|
|
Proceeds from non-current borrowings |
650 |
1,250.88 |
|
Repayments of non-current borrowings |
-12.5 |
-212.65 |
|
Proceeds from current borrowings |
4,624.41 |
5,625.79 |
|
Repayments of current borrowings |
-5,518.68 |
-6,173.92 |
|
Payments of Lease liability |
-15.32 |
-12.15 |
|
Interest paid |
-275.54 |
-271.98 |
|
Dividend paid |
-176.13 |
- |
|
Net cash (used in) / from financing activities |
-723.76 |
205.97 |
|
Net cash inflow / (Outflow) |
464.26 |
-748.09 |
|
Opening cash and cash equivalents |
530.13 |
1,279.04 |
|
Exchange fluctuation on foreign currency bank balances |
-0.14 |
-0.82 |
|
Closing cash and cash equivalent |
994.25 |
530.13 |
Here is a summary of the Cash Flow Statement for the years 2022 and 2021:
1. Operating Activities:
- 2021: In 2021, the net cash from operating activities was Rs.21.13 lakhs, indicating a positive cash flow generated from the company 's core operations.
- 2022: The net cash from operating activities significantly improved in 2022 to Rs.2,646.93 lakhs. This substantial increase suggests a significant enhancement in the company 's operational efficiency and profitability.
2. Investing Activities:
- 2021: The net cash flow from investing activities in 2021 was -Rs.975.19 lakhs, indicating a substantial cash outflow due to investments in property, plant, equipment, and intangible assets, as well as other financial investments.
- 2022: In 2022, the net cash flow from investing activities remained negative but decreased to -Rs.1,458.91 lakhs. This indicates continued investment activities but at a slightly lower magnitude compared to 2021.
3. Financing Activities:
- 2021: The net cash (used in) / from financing activities in 2021 was Rs.205.97 lakhs, indicating a net inflow of cash from financing activities. This suggests that the company raised more funds through financing activities than it repaid.
- 2022: In 2022, the net cash (used in) / from financing activities turned negative, amounting to -Rs.723.76 lakhs. This indicates a net outflow of cash from financing activities, suggesting that the company repaid more debt or distributed more dividends than it raised through financing activities.
4. Overall Cash Position:
- 2021: The net cash inflow / (outflow) for 2021 was -Rs.748.09 lakhs, indicating a decrease in the company 's overall cash position compared to the beginning of the year.
- 2022: Conversely, the net cash inflow / (outflow) for 2022 was Rs.464.26 lakhs, indicating an improvement in the company 's overall cash position compared to the beginning of the year.
5. Opening and Closing Cash and Cash Equivalents:
- 2021: The opening cash and cash equivalents were Rs.1,279.04 lakhs, decreasing to Rs.530.13 lakhs by the end of the year.
- 2022: In 2022, the opening cash and cash equivalents remained the same at Rs.530.13 lakhs, but by the end of the year, it increased to Rs.994.25 lakhs, indicating a significant improvement in cash reserves.
|
Ratio |
2022 |
2021 |
|
Debt equity ratio |
0.49 |
0.54 |
|
Debt service coverage ratio |
3.58 |
1.52 |
|
Current ratio |
0.99 |
0.9 |
|
Trade receivable turnover ratio |
7.32 |
7.64 |
|
Inventory turnover ratio |
7.95 |
6.75 |
|
Trade payable turnover ratio |
3.18 |
3.44 |
|
Net capital turnover ratio |
-48.22 |
-12.76 |
|
Return on capital employed (%) |
2.51 |
-2.28 |
|
Return on equity (%) |
7.57 |
-4.41 |
|
Return on equity (%) |
2.5 |
-2.05 |
Here is the summary of financial ratios for the year ending 2022 and 2021:
1. Debt Equity Ratio:
- 2022: 0.49
- 2021: 0.54
- Analysis: The Debt Equity Ratio measures the proportion of a company 's financing that comes from debt compared to equity. A decrease from 2021 to 2022 suggests a slight reduction in financial leverage, indicating a potentially improved financial risk profile.
2. Debt Service Coverage Ratio:
- 2022: 3.58
- 2021: 1.52
- Analysis: The Debt Service Coverage Ratio assesses a company 's ability to cover its debt obligations with its operating income. An increase from 2021 to 2022 indicates an improved ability to service debt from operating income, suggesting enhanced financial stability.
3. Current Ratio:
- 2022: 0.99
- 2021: 0.9
- Analysis: The Current Ratio measures a company 's ability to cover its short-term liabilities with its short-term assets. An increase in the current ratio from 2021 to 2022 indicates an improvement in short-term liquidity.
4. Trade Receivable Turnover Ratio:
- 2022: 7.32
- 2021: 7.64
- Analysis: The Trade Receivable Turnover Ratio evaluates how efficiently a company manages its receivables. A slight decrease from 2021 to 2022 suggests a slightly longer period to collect receivables.
5. Inventory Turnover Ratio:
- 2022: 7.95
- 2021: 6.75
- Analysis: The Inventory Turnover Ratio indicates how effectively a company manages its inventory. An increase from 2021 to 2022 suggests more efficient inventory management.
6. Trade Payable Turnover Ratio:
- 2022: 3.18
- 2021: 3.44
- Analysis: The Trade Payable Turnover Ratio measures how quickly a company pays its suppliers. A decrease from 2021 to 2022 suggests a slightly longer period to pay trade payables.
7. Net Capital Turnover Ratio:
- 2022: -48.22
- 2021: -12.76
- Analysis: The Net Capital Turnover Ratio assesses how efficiently a company utilizes its net capital to generate revenue. A more negative ratio in 2022 indicates potential inefficiencies or challenges in capital utilization.
8. Return on Capital Employed (ROCE):
- 2022: 2.51%
- 2021: -2.28%
- Analysis: ROCE measures the efficiency of capital utilization in generating profits. The positive shift from a negative value in 2021 to a positive value in 2022 indicates improved capital efficiency.
9. Return on Equity (ROE):
- 2022: 7.57%
- 2021: -4.41%
- Analysis: ROE evaluates the return generated on shareholders ' equity. The positive shift from a negative value in 2021 to a positive value in 2022 indicates improved profitability relative to equity.
10. Return on Assets (ROA):
- 2022: 2.5%
- 2021: -2.05%
- Analysis: ROA measures how efficiently assets are used to generate profits. The positive shift from a negative value in 2021 to a positive value in 2022 indicates improved asset efficiency.
