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×

Bira 91 Annual Reports, Balance Sheet and Financials

B9 Beverages Limited (BIRA) Return Comparision with Primex 40 Index

Periods 1 Week 1 Month 3 Months 6 Months 1 Year 3 Years All Time
Primex-40
B9 Beverages Limited

B9 Beverages Limited Balance Sheet (Amt. in Million)

Particulars

 31 March 2023

 31 March 2022

ASSETS

 

 

Non-current assets

-

-

Property, plant and equipment

4,314.59

3,579.88

Capital work-in-progress

151.62

84.11

Investment Property

11.02

-

Goodwill

688.70

-

Other intangible assets

666.88

66.9

Loans

46.84

87.19

Other financial assets

543.18

432.72

Income tax assets

14.90

8.54

Other Non Current Assets

139.26

122.96

Current assets

-

-

Inventories

1,642.05

741.80

Trade receivables

1,696.84

1,190.37

Cash and cash equivalents

321.58

88.36

Bank balances other than Cash and Cash equivalent

1639.06

424.16

Loans

44.39

35.03

Other financial assets

30.18

7.59

Other current assets

790.5

431.11

TOTAL ASSETS

12,741.59

7,300.72

EQUITY AND LIABILITIES

-

-

Equity share capital

190.15

142.08

Instruments entirely equity in nature

1,451.37

795.20

Other equity

-22.93

-3,165.66

Non-current liabilities

-

-

Borrowings

174.03

1557.72

Lease Liabilities

2823.34

2674.43

Provisions

69.15

50.45

Deffered Tax Liability

139.80

-

Current liabilities

-

 

Borrowings

2,972.02

1,909.44

Lease Liabilities

651.32

542.90

Trade payables

 

 

Total outstanding dues of micro and small enterprises

283.30

248.16

Total outstanding dues of Creditors other than micro and small enterprises

2,617.29

1,784.31

Other financial liabilities

266.63

260.42

Other current liabilities

986.91

487.70

Provisions

13.35

13.57

Current Tax Liability

125.86

-

TOTAL EQUITY AND LIABILITIES

12,741.59

7,300.72

 

 B9 Beverages Limited Profit & Loss Statement (Amt. in Million)

Particulars

 31 March 2023

 31 March 2022

Revenue from operations

8,243.23

7,188.51

Other income

243.96

76.20

Total income

8,487.19

7,264.71

Cost of Material Consumed

2,653.85

1,610.10

Changes in inventories of finished goods and work in progress

-262.72

-6.60

Excise duty on sale of goods

3658.6

3,980.49

Employee benefits expense

1,149.88

935.67

Finance costs

965.99

890.81

Depreciation and amortization expense

1214.18

908.13

Other expenses

3,444.38

2,906.75

Total expenses

12,824.16

11,225.35

Loss before Tax

-4,336.97

-3960.64

Current tax

117.86

-

Loss after Tax

-4,454.83

-3,960.64

Other comprehensive Income

-

-

Items that will not be reclassified to profit or loss

-

-

Remeasurement loss on defined benefit obligations

-3.37

-5.26

Items that will be reclassified to profit or loss

-

-

Exchanging difference in translating financial statements of foreign operations

-143.56

-73.06

Other comprehensive Income

-146.93

-78.32

Total comprehensive income for the year

-4,601.76

-4038.96

Loss attributable to:

-

-

Owners of the Company

-4,336.97

-3960.64

Loss for the year

-4,336.97

-3960.64

Other comprehensive income attributable to:

-

-

Owners of the Company

-146.93

-78.32

Other comprehensive income for the year

-146.93

-78.32

Total comprehensive income for the year attributable to:

-

-

Owners of the Company

-4,601.76

-4038.96

Total comprehensive income for the year

-4,601.76

-4038.96

Loss Per Share

-

-

Basic and Diluted (INR)

-93.26

-95.83

 

 B9 Beverages Limited Consolidated Cash Flow Statement (Amt. in Million)

Particulars

 31 March 2023

 31 March 2022

Cash flows from operating activities

 

 

Loss before tax

-4,336.97

-3960.64

Adjustments for:

 

 

Depreciation and amortisation

1214.18

908.13

Employee Stock Option Expense

109.91

148.08

Provision for expired inventory

138.9

78.25

Bad debts

77.9

20.95

Loss Allowances

34.5

35.27

Interest income

-82.88

-32.17

Lease concessions

-

-1.04

Property, Plant and equipment written off

46.54

2.35

Net gain on redemption of mutual funds units

-21.59

-9.08

Gain on termination of lease contracts

-68.11

-1.8

Finance cost

897.32

890.81

Unrealized foreign exchange loss/ (gain)

-6.88

-38.88

Operating profit before working capital changes

-1,997.18

-1959.77

(Increase)/decrease in trade receivables

-607.53

-34.08

(Increase)/decrease in inventories

-1039.15

173.77

(Increase)/decrease in Loans, Other financial assets, and other assets

-594.33

4.30

Increase/(decrease) in trade payables, other financial liabilities and other liabilities

1,386.06

-114.27

Changes in working capital

-854.95

29.72

Income tax refund (net)

-6.36

0.6

Net cash generated by operating activities

-2,858.49

-1929.45

Cash flows from investing activities

 

 

Purchase of PPE and Capital WIP

-1282.63

-444.86

Interest received

68.98

28.84

Deposits made with banks (net)

-1110.83

-51.49

Net gain on redemption of mutual funds units

21.59

9.08

Loan (given)/repaid

30.99

26.81

Net cash generated by investing activities

-2271.90

-431.62

Cash flows from financing activities

 

 

Proceeds from issue of Instruments entirely equity in nature

6090.28

2662.64

Proceeds from transactions costs in relation to issue of Instruments entirely equity in nature

-83.74

-48.65

Proceeds from application money received for allotment of securities

-

7

Proceeds from non-current borrowings

390.00

150

Repayment of non-current borrowings

-640.97

-50

Payment of lease liabilities- principal

-579.28

-441.24

Payment of lease liabilities- Interest

-430.24

-409.68

Proceeds from current borrowings(net)

1062.58

863.49

Interest Paid

-445.02

-436.51

Net cash generated from financing activities

5,363.61

2297.05

Net increase/(decrease) in cash and cash equivalents during the year

233.22

-64.02

Cash and cash equivalents at the beginning of the year

88.36

152.38

Cash and cash equivalents at the end of the year

321.58

88.36

 

Let 's break down the Cash Flow Statement for the years 2023 and 2022, activity-wise:

Loss Before Tax:

In 2023, the loss before tax amounted to -rs. 4,336.97, while it was -rs. 3,960.64 in 2022, indicating increased losses over the period.

Adjustments:

Depreciation and amortization expenses increased from rs. 908.13 in 2022 to rs. 1,214.18 in 23, suggesting higher asset depreciation during the period.

Employee Stock Option Expense decreased from rs. 148.08 in 2022 to rs. 109.91 in 2023, indicating potentially reduced issuance or valuation of stock options.

Provision for expired inventory increased to rs. 138.9 in 2023 from rs. 78.25 in 2022, indicating potential losses associated with inventory expiration.

Bad debts increased to rs. 77.9 in 2023 from rs. 20.95 in 2022, suggesting higher defaults or write-offs in accounts receivable.

Interest income decreased from -rs. 32.17 in 2022 to -rs. 82.88 in 2023, indicating reduced interest earnings.

Finance costs slightly increased from rs. 890.81 in 2022 to rs. 897.32 in 2023, reflecting continued financial expenses.

Operating profit before working capital changes remained negative in both years, indicating operational challenges.

Working Capital Changes:

Changes in working capital were negative in both years, indicating potential liquidity challenges.

There were significant decreases in trade receivables and increases in trade payables and other liabilities, impacting working capital.

Income tax refund (net) was negligible in both years, indicating minimal impact on operating cash flows.

Cash Flows from Operating Activities:

Net cash generated by operating activities was significantly negative at -rs. 2,858.49 in 2023 and -rs. 1,929.45 in 2022, indicating substantial cash outflows from operations.

Cash Flows from Investing Activities:

Significant cash outflows were observed in investing activities, with net cash generated by investing activities amounting to -rs. 2,271.90 in 2023 and -rs. 431.62 in 2022.

This was primarily driven by the purchase of property, plant, and equipment (PPE), and deposits made with banks.

Cash Flows from Financing Activities:

Net cash generated from financing activities was positive and significantly higher at rs. 5,363.61 in 2023, compared to rs. 2,297.05 in 2022.

This increase was primarily due to proceeds from the issue of instruments entirely equity in nature, non-current borrowings, and proceeds from current borrowings.

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

There was a net increase in cash and cash equivalents of rs. 233.22 in 2023, compared to a decrease of -rs. 64.02 in 2022.

Cash and Cash Equivalents:

Cash and cash equivalents at the end of the year increased to rs. 321.58 in 2023 from rs. 88.36 in 2022, indicating improved liquidity position at the end of the period.

Financial Ratios of B9 Beverages Limited

Particulars

2023

2022

Current Ratio

0.88

0.72

Debt Equity Ratio

0.6

6.2

Debt service coverage ratio

-1.51

-1.19

Return on Equity Ratio

-139%

-393%

Inventory Turnover Ratio

6.86

8.28

Trade Receivables turnover Ratio

5.19

5.71

Trade Payables turnover Ratio

2.8

2.5

Net capital turnover ratio

-9.28

-4.96

Net profit ratio

-48%

-47%

Return on Capital employed

-36%

-61%

Return on Investment

2%

3%

 

Insight of the financial ratios of B9 Beverages Limited For March 31, 2023

Current Ratio:

The current ratio measures the company 's ability to meet short-term liabilities with its short-term assets. A ratio below 1 suggests potential liquidity issues. B9 Beverages Limited 's current ratio improved to 0.88 in 2023 from 0.72 in 2022, indicating a better ability to cover short-term obligations.

Debt Equity Ratio:

The debt-to-equity ratio indicates the proportion of debt used to finance the company 's assets relative to shareholders ' equity. A higher ratio indicates higher financial risk. B9 Beverages Limited reduced its debt equity ratio significantly from 6.2 in 2022 to 0.6 in 2023, indicating a lower reliance on debt for financing its operations.

Debt Service Coverage Ratio:

The debt service coverage ratio measures the company 's ability to cover its debt obligations with its operating income. Negative values suggest insufficient operating income to cover debt obligations. B9 Beverages Limited 's debt service coverage ratio worsened from -1.19 in 2022 to -1.51 in 2023, indicating a deteriorating ability to cover debt obligations.

Return on Equity Ratio:

The return on equity (ROE) ratio measures the profitability of the company in relation to shareholders ' equity. Negative values indicate a loss on equity investments. B9 Beverages Limited 's ROE improved from -393% in 2022 to -139% in 2023, although still negative, suggesting a better utilization of equity capital.

Inventory Turnover Ratio:

The inventory turnover ratio measures how efficiently a company manages its inventory. A higher ratio indicates better inventory management. B9 Beverages Limited 's inventory turnover ratio decreased from 8.28 in 2022 to 6.86 in 2023, suggesting a slight decline in inventory turnover efficiency.

Trade Receivables Turnover Ratio:

The trade receivables turnover ratio measures how efficiently a company collects its accounts receivable. A higher ratio indicates quicker collection of receivables. B9 Beverages Limited 's trade receivables turnover ratio decreased from 5.71 in 2022 to 5.19 in 2023, indicating a slight decline in receivables collection efficiency.

Trade Payables Turnover Ratio:

The trade payables turnover ratio measures how quickly a company pays its suppliers. A higher ratio indicates faster payment to suppliers. B9 Beverages Limited 's trade payables turnover ratio increased from 2.5 in 2022 to 2.8 in 2023, suggesting improved efficiency in paying suppliers.

Net Capital Turnover Ratio:

The net capital turnover ratio measures how effectively a company utilizes its capital to generate revenue. Negative values suggest inefficient capital utilization. B9 Beverages Limited 's net capital turnover ratio worsened from -4.96 in 2022 to -9.28 in 2023, indicating a decline in capital efficiency.

Net Profit Ratio:

The net profit ratio measures the profitability of the company relative to its revenue. B9 Beverages Limited 's net profit ratio remained relatively stable at around -47% to -48% in both 2022 and 2023, indicating consistent but negative profitability.

Return on Capital Employed (ROCE):

ROCE measures the efficiency and profitability of capital investments. Negative values indicate a loss on capital investments. B9 Beverages Limited 's ROCE improved from -61% in 2022 to -36% in 2023, indicating better utilization of capital employed.

Return on Investment (ROI):

ROI measures the profitability of an investment relative to its cost. B9 Beverages Limited 's ROI slightly decreased from 3% in 2022 to 2% in 2023, indicating a lower return on investment.

Dividend History of B9 Beverages Limited

Particulars

2023

2022

Dividend (In Rs.)

-

-

Retained Earnings (In Rs. Million)

-17894.78

-13436.59

 

Annual Report

Bira 91 Annual Report 2021-22

Download

B9 Beverages Limited Annual Report 2022-23

Download

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