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Asiatic Oxygen Annual Reports, Balance Sheet and Financials

Asiatic Oxygen Ltd (Asiatic Oxygen) Return Comparision with Primex 40 Index

Periods 1 Week 1 Month 3 Months 6 Months 1 Year 3 Years All Time
Primex-40
Asiatic Oxygen Ltd

Asiatic Oxygen Limited Balance Sheet (In Thousands)

Particulars

31-03-2023

31-03-2022

ASSETS

 

 

Non-Current Assets

 

 

Property, Plant and Equipment

3,39,754

3,42,088

Intangible Assets

7,354

7,354

Investment Property

60,443

60,443

Other Non-Current Investments

13,07,199

13,54,891

Long Term Loans and Advances

6,70,985

7,42,753

Other Non-Current Financial Assets

5,000

-

Deferred Tax Assets (Net)

22

-

Current Assets

 

 

Inventories

5,537

5,735

Trade Receivables

14,915

14,513

Cash and Cash Equivalents

83,567

76,028

Other Bank Balances

4,918

5,994

Short Term Loans & Advances

2,05,899

1,72,119

Other Current Financial Assets

28,916

18,215

Total Assets

27,34,509

28,00,133

EQUITY AND LIABILITIES

 

 

Equity

 

 

Equity Share Capital

16,521

16,521

Other Equity

26,25,510

26,70,081

Non-Controlling Interest

14,819

12,784

LIABILITIES

 

 

Non-Current Liabilities

 

 

Long Term Borrowings

28,156

16,800

Total outstanding dues of creditors other than micro enterprises and small enterprises

1,206

1,206

Other Non-Current Financial Liabilities

6,689

6,689

Long Term Provisions

9,975

13,652

Deferred Tax Liabilities (Net)

-

7,503

Current Liabilities

 

 

total outstanding dues of creditors other than micro enterprises and small enterprises

52

222

Derivative Financial Instruments

5,642

29,258

Other Current Financial Liabilities

25,939

25,417

Total Equity and Liabilities

27,34,509

28,00,133

Asiatic Oxygen Limited Profit & Loss Statement (In Thousands)

Particulars

31-03-2023

31-03-2022

Revenue from Operations

70,270

61,932

Other Income

1,37,161

1,91,614

Total Income

2,07,431

2,53,546

Cost of Materials Consumed

15,724

15,092

Changes in Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade

-

134

Employee Benefit Expenses

38,845

36,881

Finance Costs

3,651

143

Depreciation and Amortization Expenses

3,275

3,280

Other Expenses

1,10,499

56,858

Total Expenses

1,71,994

1,12,388

Profit/(loss) before tax

35,437

1,41,158

Current tax

11,718

29,730

Income Tax for Earlier Years

447

6

Deferred tax

703

-919

Profit/(Loss) for the year after tax

22,569

1,12,341

Profit/Loss attributable to the non- controlling interest

2,035

2,567

Profit/Loss attributable to the shareholders of the Company

20,534

1,09,774

Re-measurement gains/ (losses) on defined benefit plans

506

228

Equity Instruments through Other Comprehensive Income

-74,038

62,707

Income tax relating to items that will not be reclassified to Profit or Loss

8,229

-7,304

Exchange rate difference on translation of financial statement of foreign operations

198

56

Total Other Comprehensive Income/(Loss) net of Tax

-65,105

55,687

Other comprehensive income attributable to the shareholders of the company

-65,105

55,687

Total Comprehensive Income for the year

-42,536

1,68,028

Total comprehensive income attributable to the non controlling interest

2,035

2,567

Total comprehensive income attributable to the shareholders of the company

-44,571

1,65,461

Earnings per equity share

 

 

Basic

12.43

66.45

Diluted

12.43

66.45

Asiatic Oxygen Limited Consolidated Cash Flow Statement (In Thousands)

Particulars

31-03-2023

31-03-2022

Cash Flow from Operating activities

 

 

Profit/ (Loss) before tax

35,943

1,41,386

Non-cash adjustments

 

 

Depreciation/Amortisation/Impairment

3,275

3,280

Provision for Gratuity & Leave Encashment

-3,677

1,865

Interest Income

-89,260

-64,666

Dividend Income on Non-Current Investments

-7,217

-7,476

Net Loss/(Gain) on sale of Non-Current Investments

-39,957

-92,930

Profit on Sale of Property, Plant and Equipment

-

-1,742

Finance Costs

3,651

143

Security Transaction Tax

669

4,399

Operating Profit before working capital changes

-96,573

-15,741

Movement in working capital:

 

 

Decrease/(Increase) in Long Term Loans and Advances

71,768

5,848

Decrease/(Increase) in Inventories

198

1,021

Decrease/(Increase) in Other Non-Current Assets

-5,000

5,994

Decrease/(Increase) in Other Current Assets

-

-4,273

Decrease/(Increase) in Trade Receivables

-402

282

Decrease/(Increase) in Other Bank Balances

1,076

-5,994

Decrease/(Increase) in Short Term Loans and Advances

-27,753

-58,215

Decrease/(Increase) in Prepaid Expenses

-59

72

Decrease/(Increase) in Trade Payables and other current liabilities

-23,264

20,636

Cash generated from/ (used in) Operations

-80,009

-50,370

Direct taxes (paid)/Refunds (net)

-18,192

-31,670

Net Cash Flow from/ (used in) Operating activities (A)

-98,201

-82,040

Cash Flow from Investing activities

 

 

Purchase of Property, Plant and Equipment, Intangible Assets, Capital Work in Progress and Capital Advances

-941

-24,513

Proceeds from sale of Property, Plant and Equipment

-

1,843

(Purchase)/Sale of non-current investment

13,612

-77

Securities Transaction Tax

-669

-4,399

Decrease/(Increase) in Other Current Assets

-11,616

10,068

Interest Received

90,234

64,666

Dividend Received from Non-Current Investments

7,217

7,476

Net Cash Flow from/ (used in) Investing activities

97,837

55,064

Cash Flow from Financing activities

 

 

Proceeds/(Repayment) from borrowings (Net)

11,356

15,947

Interest paid

-3,651

-143

Net Cash Flow from/ (used in) Financing activities

7,705

15,804

Net increase/(decrease) in cash and cash equivalents

7,341

-11,172

Cash and cash equivalents at the beginning of the year

76,028

87,144

Effect of exchange rate changes on cash and cash equivalents

198

56

Cash and Cash Equivalents at the end of the year

83,567

76,028

 

 Here is a summary of the Cash Flow Statement for the years 2023 and 2022:

Cash Flow from Operating Activities:

The operating cash flow represents the cash generated or used by the company 's core business operations. In 2022, the company had a net cash outflow from operating activities of INR 82,040. This indicates that the company used more cash in its operations than it generated.

The primary reasons for this negative cash flow include a significant decrease in operating profit before working capital changes compared to the previous year, along with increased direct taxes paid.

Non-cash adjustments such as depreciation, provision for gratuity and leave encashment, and finance costs also impacted the cash flow.

Cash Flow from Investing Activities:

This section reflects cash flows related to investments in assets such as property, plant, equipment, and securities.

In 2022, the company had a net cash inflow from investing activities of INR 55,064. This indicates that the company generated more cash from its investments than it spent.

The major cash inflows include proceeds from the sale of property, plant, equipment, interest received, and dividends received from non-current investments.

Cash outflows primarily stem from purchases of property, plant, equipment, and intangible assets, along with investments in non-current assets.

Cash Flow from Financing Activities:

This section covers cash flows related to financing activities, including borrowing, repayment of borrowings, and payment of dividends.

In 2022, the company had a net cash inflow from financing activities of INR 15,804. This suggests that the company received more cash from financing activities than it used.

The primary sources of cash inflow include proceeds from borrowings, while cash outflows primarily consist of interest paid on borrowings.

Net Increase/(Decrease) in Cash and Cash Equivalents:

This figure represents the overall change in the company 's cash and cash equivalents during the period.

In 2022, there was a net increase in cash and cash equivalents of INR 7,341, indicating that the company ended the year with more cash than it began with.

Cash and Cash Equivalents at the End of the Year:

This represents the total amount of cash and cash equivalents held by the company at the end of the fiscal year.

In 2022, the company had cash and cash equivalents totalling INR 83,567.

Financial Ratios of Asiatic Oxygen Limited

Particulars

2023

2022

Current Ratio (in times)

14.39

10.91

Debt Equity Ratio (in times)

0.01

0.01

Debt Service Coverage Ratio (in times)

1.94

7.91

Return on Equity Ratio (in %)

1.42%

4.02%

Trade Receivables Turnover Ratio (in times)

4.34

4.06

Trade Payables Turnover Ratio (in times)

29.44

25.78

Net Capital Turnover Ratio (in times)

0.59

0.45

Net Profit Ratio (in %)

21.90%

47.62%

Return on Capital Employed (in %)

1.80%

4.84%

Return on Investment (in %)

10.48%

15.26%

 

Here is a summary of the financial and operational metrics for Asiatic Oxygen Limited for the years 2023 and 2022:

Current Ratio: The current ratio has increased from 10.91 in 2022 to 14.39 in 2023, indicating a significant improvement in the company 's short-term liquidity position. This suggests that Asiatic Oxygen Limited has more than enough current assets to cover its short-term liabilities, which could be a positive sign for its financial health and ability to meet its obligations.

Debt Equity Ratio: The debt equity ratio remains low at 0.01 in both 2022 and 2023, indicating that the company is primarily financed through equity rather than debt. This signifies a conservative capital structure and a lower risk of financial distress due to excessive debt.

Debt Service Coverage Ratio: The debt service coverage ratio has decreased from 7.91 in 2022 to 1.94 in 2023. While still above 1, indicating that the company 's operating income is sufficient to cover its debt obligations, the decrease suggests a potential decrease in the company 's ability to service its debt. This could be a concern and may require further investigation into the company 's financial management and cash flow.

Return on Equity Ratio: The return on equity (ROE) ratio has declined from 4.02% in 2022 to 1.42% in 2023, indicating a decrease in the company 's ability to generate profits from its shareholders ' equity. This could be attributed to various factors such as lower net profits or increased equity capital.

Trade Receivables Turnover Ratio: The trade receivables turnover ratio has increased from 4.06 times in 2022 to 4.34 times in 2023, indicating an improvement in the efficiency of the company 's receivables management. A higher turnover ratio suggests that the company is collecting its receivables more quickly, which could improve its cash flow and liquidity.

Trade Payables Turnover Ratio: The trade payables turnover ratio has also increased from 25.78 times in 2022 to 29.44 times in 2023, indicating that the company is paying its suppliers at a faster rate. This could imply better credit terms negotiated with suppliers or improved working capital management.

Net Profit Ratio: The net profit ratio has decreased significantly from 47.62% in 2022 to 21.90% in 2023. This sharp decline indicates a lower proportion of net profits to total revenue, which could be a result of various factors such as increased expenses or reduced revenue.

Return on Capital Employed (ROCE): The return on capital employed has also declined from 4.84% in 2022 to 1.80% in 2023, indicating a decrease in the company 's ability to generate profits from its capital investments. This could signal inefficiencies in capital utilization or lower profitability of the company 's operations.

Return on Investment (ROI): The return on investment has decreased from 15.26% in 2022 to 10.48% in 2023, indicating a lower return generated from the company 's investments. This could be a cause for concern and may require further analysis of the company 's investment decisions and performance.

Dividend History

Particulars

2023

2022

Dividend

-

-

Retained Earnings (in thousand)

13,63,017

13,42,483

Asiatic Oxygen 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. -13,63,017 thousand, while in 2022, they were Rs. -13,42,483 thousand. 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.

 

Annual Report

Asiatic Oxygen Ltd Annual Report 2022-23

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