Avlokiteshvar Valinv Annual Reports, Balance Sheet and Financials

Avalokiteshvar Valinv Limited Balance Sheet (Rs In lakhs)

PARTICULARS	2023	2022
Assets
Financial assets
Cash and cash equivalents	1,798.37	1,485.29
Investments	28,240.81	25,905.42
Other financial assets	338.46	1,203.84
Non - financial assets
Inventories	8.02	335.10
Current tax assets (net)	289.44	701.24
Deffered tax assets (net)	-	44.46
Investment in Property	1,683.88	1,717.93
Property,plant and equipment	538.64	550.93
Intangible assets	0.17	0.17
Other non- financial assets	72.85	60.33
Total assets	32,970.65	32,004.71
Liabilities
Financial liabilities
Derivative Liabiity	14.93	58.35
Borrowings (other than debt securities)	700	700.00
Other financial liabilities	9.77	11.90
Non - financial liabilities
Current tax liabilities(net)	144	418.61
Deferred tax liabilities (net)	581.08	-
Other non-financial liabilities	1.08	3.66
Total Liabilities	1,450.86	1,192.52
Equity
Equity Share Capital	369.14	369.14
Other equity	31,150.65	30,443.05
Total equity	31,519.79	30,812.19
TOTAL LIABILITIES AND EQUITY	32,970.65	32,004.71

Avalokiteshvar Valinv Limited Profit& Loss Statement (Rs In Lakhs)

PARTICULARS	2023	2022
Income
Revenue from operations
Sale of Shares	725.77	2,425.79
Dividend Income	958.75	1,213.05
Interest income	126.12	221.89
Futures and Options	244.74	102.75
Total revenue from operations	2,055.38	3,963.29
Other income	636.37	691.91
Total income	1,419.01	4,655.21
Expenses
Purchases of Stock-in-Trade	298.26	2,462.68
Changes in Inventories of Stock-in-Trade	327.08	130.54
Employee benefits expenses	32.3	25.09
Finance Cost	6.95	-
Depreiciation and Amortisation	65.1	67.63
Other administrative expenses	246.2	738.47
Total Expenses	975.9	3,163.33
PROFIT/LOSS BEFORE TAX	443.12	1,491.88
Tax expense
Current tax	144	418.61
tax adjustment relating to earlier year	82.27	98.72
Deferred tax (credit) (net)	50.11	842.12
MAT Credit	228.91	104.19
Total tax expense	240.53	418.05
Add: Share of Net Profit/Loss in Associates Accounted
using equity method	225.75	470.03
PROFIT/LOSS AFTER TAX	428.34	2,379.96
Other comprehensive income /Loss
Items that will not be reclassified to to profit or loss:
Add/Less change in fair value of financial instruments	949.54	1,268.92
Income tax impact on above	675.65	369.51
SUB TOTAL (A)	273.9	899.41
Other comprehensive income /Loss
Items that will  be reclassified to to profit or loss:
Add/Less change in fair value of financial instruments	-	-
Income tax impact on above	-	-
SUB TOTAL (B)	-	-
Other comprehensive Income for the Year (net of tax )(a+b)	273.9	899.41
Add:Share of other Comprehensive income in Associates	5.36	4.54
Add:Earlier Year adjustment in Associates	-	-
TOTAL COMPREHENSIVE INCOME FOR THE YEAR	707.6	3,274.82
Earnings per equity share
Basic (Rs)	19.17	88.72
Diluted (Rs)	19.17	88.72

Avalokiteshvar Valinv Limited Consolidated Cash Flow Statement (Rs In Lakhs)

PARTICULARS	2023	2022
CASH FLOW FROM OPERATING ACTIVITIES
Profit before tax for the year	443.12	1,491.88
Adjustments to reconcile profit before tax to net cash provided by operating activities
Balance Written off	0	541.91
Depriciation and Amortisation	65.1	67.63
Net Gain/Loss on sale of investment	687.18	627.69
Profit & Loss on Speulation	0	-
Interest on FD	23.19	30.46
Interest on Income Tax Refund	-	0
Interest on Investment Property	1.34	0.83
Rental Income	17.72	4.75
Interest on Loan	6.95
Operating Profit before working capital changes	1,160.11	1,437.69
Changes in Working Capital
Adjustments for increase /decrease in operating assets
Inventories	327.08	130.54
Other Financial assets	865.39	255.19
Other Non financial assets	12.52	7.74
Deferred Tax	675.65	369.51
Adjustments for increase /decrease in operating liabilities
Other Financial Liabilities	2.13	17.75
Other Non financial liabilities	2.58	1.06
Derivative Liability	43.52	45.22
Cash Generated from Operations
Change in Tax	153.45	490.87
Net cash from operating activities	2,814.11	966.88
CASH FLOW FROM INVESTING ACTIVITIES
Interest on FD	23.19	30.46
Interest on Investment Property	1.34	0.83
Rental Income	17.72	4.75
Purchase of Property, plant and Equipments	18.76	0.4
Sale of Investments	5,764.37	9,893.86
Purchase of Investments	8,281.94	10,336.51
Net cash from/used in investment activities	2,494.08	407
CASH FLOW FROM FINANCING ACTIVITIES
Interest on Loan Taken	6.95	-
Borrowings	5,500	-
Repayment of Borrowings	5,500	-
Net Cash used/from financing activities	6.95	-
Net increase /decrease in cash and cash equivalents	313.08	559.88
Opening Balance of Cash and Cash equivalents	1,485.29	925.41
Closing Balance of Cash and Cash equivalents	1,798.37	1,485.29

Certainly, here is a summary of the Cash Flow Statement for the years 2023 and 2022, broken down by activity:

 Cash Flow from Operating Activities:

1. Profit before Tax (PBT):

   In 2023, the PBT is 443.12, significantly lower than the 1,491.88 recorded in 2022.

2.  Adjustments to Reconcile PBT to Net Cash:

    No balance was written off in 2023, whereas 541.91 was written off in 2022.

    Depreciation and amortization increased slightly from 67.63 in 2022 to 65.1 in 2023.

    A notable increase in the net gain/loss on the sale of investments from 627.69 in 2022 to 687.18 in 2023.

    No speculation losses were reported in 2023, while none were recorded in 2022.

3. Interest and Rental Income:

   Interest on FD decreased from 30.46 in 2022 to 23.19 in 2023.

    Interest on income tax refund was absent in both years.

   Interest on investment property increased from 0.83 in 2022 to 1.34 in 2023.

    Rental income rose significantly from 4.75 in 2022 to 17.72 in 2023.

    Interest on loans was 6.95 in 2023.

4. Operating Profit and Working Capital Changes:

    Operating profit before working capital changes decreased from 1,437.69 in 2022 to 1,160.11 in 2023.

    Notable changes in working capital, with increases in inventories, other financial assets, and deferred tax.

5. Cash Generated and Net Cash from Operating Activities:

    Change in tax decreased from 490.87 in 2022 to 153.45 in 2023.

    Net cash from operating activities increased substantially from 966.88 in 2022 to 2,814.11 in 2023.

 Cash Flow from Investing Activities:

1. Interest and Rental Income:

    Similar to operating activities, interest on FD, interest on investment property, and rental income are present in both years.

2 .Investments:

    Notable activities include the sale of investments, which decreased from 9,893.86 in 2022 to 5,764.37 in 2023.

    Purchases of investments decreased from 10,336.51 in 2022 to 8,281.94 in 2023.

3. Net Cash from/Used in Investment Activities:

   Net cash from investment activities increased significantly from 407 in 2022 to 2,494.08 in 2023.

 Cash Flow from Financing Activities:

1. Interest and Borrowings

    Interest on loan taken was 6.95 in 2023.

    Borrowings of 5,500 were recorded in 2023, with an equivalent repayment.

2. Net Cash Used/From Financing Activities:

    Net cash used/from financing activities was 6.95 in 2023.

 Net Increase/Decrease in Cash and Cash Equivalents:

    Net increase/decrease in cash and cash equivalents decreased from 559.88 in 2022 to 313.08 in 2023.

 Opening and Closing Balance of Cash and Cash Equivalents:

   The opening balance of cash and cash equivalents increased from 925.41 in 2022 to 1,485.29 in 2023.

   The closing balance further increased to 1,798.37 in 2023.

This detailed breakdown provides insights into the financial activities, changes, and trends over the two years, aiding in a comprehensive understanding of the company 's cash flow..

Bellow are the Financial Ratios

PARTICULARS	2023	2022
DEBT EQUITY RATIO	0.02	0.02
DEBT SERVICE COVERAGE RATIO	0.73	2.23
RETURN ON EQUITY RATIO	1.29	7.61
INVENTORY TURNOVER RATIO	4.23	27.78
NET PROFIT RATIO	0.31	0.32
RETURN ON INVESTMENT	0.55	5.17
RETURN ON CAPITAL EMPLOYED	1.22	4.04

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

1. Debt Equity Ratio - 0.02:

The debt equity ratio, indicating the proportion of debt used to finance the company 's assets relative to equity, remains consistent at 0.02 for both years. This implies a low level of debt in the capital structure, signaling financial stability and a lower risk of insolvency.

 2. Debt Service Coverage Ratio (DSCR) - 0.73:

The debt service coverage ratio, assessing the ability to cover debt obligations with operating income, has decreased from 2.23 in 2022 to 0.73 in 2023. A ratio below 1 indicates potential challenges in meeting debt obligations with available operating income, and a decline may raise concerns about debt repayment capability.

 3. Return on Equity (ROE) - 1.29:

The return on equity, measuring the profitability generated from shareholders ' equity, has decreased from 7.61 in 2022 to 1.29 in 2023. This decline suggests a lower profitability relative to the equity invested, and further analysis is needed to understand the factors contributing to this decrease.

4. Inventory Turnover Ratio - 4.23:

The inventory turnover ratio, indicating how efficiently a company manages its inventory, has decreased from 27.78 in 2022 to 4.23 in 2023. This significant drop may suggest potential issues in inventory management, such as overstocking or slower sales, impacting operational efficiency.

 5. Net Profit Ratio - 0.31:

The net profit ratio, indicating the percentage of profit relative to total revenue, has remained relatively stable at 0.31 in 2023 compared to 0.32 in 2022. While the ratio is relatively low, further analysis is needed to understand the company 's profit margins and potential factors influencing profitability.

 6. Return on Investment (ROI) - 0.55:

The return on investment, measuring the efficiency of an investment relative to its cost, has decreased from 5.17 in 2022 to 0.55 in 2023. This significant decline suggests a substantial decrease in the efficiency of the company 's investments and warrants investigation into the factors contributing to this change.

 7. Return on Capital Employed (ROCE) - 1.22:

The return on capital employed, indicating the efficiency of capital utilization in generating profits, has decreased from 4.04 in 2022 to 1.22 in 2023. This decline suggests a reduction in the profitability of the capital employed and merits further examination of operational and financial aspects impacting returns.