Balasore Alloys Annual Reports, Balance Sheet and Financials

Balasore Alloys Limited Balance Sheet (In Rs. Crore)

Balasore Alloys Limited Profit & Loss Statement (In Rs. Crore)

Balasore Alloys Cash Flow Statement for the last three years (In Rs. Crore)

Summary of Balasore Alloys Cash Flow Statement:

1. Cash Flow from Operating Activities:

   - Net cash from operating activities was -Rs. 288.93 crore in the year ending March 31, 2023, -Rs. 8.96 crore in the year ending March 31, 2022, and -Rs. 8.92 crore in the year ending March 31, 2021.

   - Net profit before tax and extraordinary items was -Rs. 224.51 crore in the year ending March 31, 2023, -Rs. 53.7 crore in the year ending March 31, 2022, and -Rs. 53.81 crore in the year ending March 31, 2021.

   - Adjustments for depreciation, interest, profit/loss on sales of assets and investments, provisions, and other items were made.

   - Cash generated from operations before working capital changes was -Rs. 46.77 crore in the year ending March 31, 2023, -Rs. 105.72 crore in the year ending March 31, 2022, and -Rs. 105.78 crore in the year ending March 31, 2021.

   - Working capital changes, including trade and other receivables, inventories, trade payables, loans & advances, and other items, contributed to the cash flow from operating activities.

2. Cash Flow from Investing Activities:

   - Net cash used in investing activities was Rs. 3.08 crore in the year ending March 31, 2023, Rs. 26.02 crore in the year ending March 31, 2022, and Rs. 25.98 crore in the year ending March 31, 2021.

   - Activities include the sale of fixed assets, sale of investments, interest received, and other items.

3. Cash Flow from Financing Activities:

   - Net cash used in financing activities was Rs. 307 crore in the year ending March 31, 2023, -Rs. 18.85 crore in the year ending March 31, 2022, and -Rs. 18.85 crore in the year ending March 31, 2021.

   - Activities include proceeds from other long-term borrowings, proceeds from short-term borrowings, repayment of long-term and short-term borrowings, and interest paid.

4. Net Increase/ (Decrease) in Cash and Cash Equivalent:

   - The net increase/(decrease) in cash and cash equivalents was Rs. 21.14 crore in the year ending March 31, 2023, -Rs. 1.79 crore in the year ending March 31, 2022, and -Rs. 1.79 crore in the year ending March 31, 2021.

   - Cash and cash equivalents at the end of the year were Rs. 24.02 crore in the year ending March 31, 2023, Rs. 1.97 crore in the year ending March 31, 2022, and Rs. 1.98 crore in the year ending March 31, 2021.

Funds Flow Statement of Balasore Alloys Limited (In Rs. Crore)

Balasore Alloys Key Financial Ratios

Summary of Key Financial Ratios of Balasore Alloys Limited:

1. Debt-Equity Ratio:

The debt-equity ratio measures the proportion of debt and equity used to finance the company 's assets. Balasore Alloys Limited has shown an increasing trend in the debt-equity ratio over the three years. In 2023, the ratio is 0.6, up from 0.27 in 2022 and 0.25 in 2021. This indicates that the company is relying more on debt to finance its operations.

2. Long Term Debt-Equity Ratio:

This ratio focuses on long-term debt in relation to equity. Balasore Alloys Limited had no long-term debt in 2022 and 2021, but in 2023, it has a long-term debt-equity ratio of 0.41, indicating the presence of long-term debt in its capital structure.

3. Current Ratio:

The current ratio measures the company 's ability to meet its short-term obligations. Balasore Alloys Limited has a current ratio below 1 over the three years, indicating potential liquidity challenges. In 2023, the ratio is 0.91, slightly higher than 0.75 in 2022 and 2021, but it still suggests that the company may face difficulties in paying off its short-term liabilities.

4. Turnover Ratios:

- Fixed Assets Turnover Ratio: The fixed assets turnover ratio indicates how efficiently the company generates revenue from its fixed assets. Balasore Alloys Limited has a very low fixed assets turnover ratio over the three years, indicating underutilization of its fixed asset base.

- Inventory Turnover Ratio: The inventory turnover ratio reflects how efficiently the company manages its inventory. Balasore Alloys Limited has a low inventory turnover ratio, which may suggest inefficiencies in managing its inventory levels.

- Debtors Turnover Ratio: The debtors turnover ratio reflects the efficiency of the company in collecting cash from debtors. Balasore Alloys Limited has shown an increase in this ratio over the three years, indicating improved collection efficiency.

- Total Asset Turnover Ratio: The total asset turnover ratio measures the company 's ability to generate revenue from its total assets. Balasore Alloys Limited has a very low total asset turnover ratio, indicating potential inefficiencies in utilizing its total asset base to generate revenue.

5. Interest Cover Ratio:

The interest cover ratio evaluates the company 's ability to cover its interest expenses with its operating profit. Balasore Alloys Limited has negative interest cover ratios over the three years, indicating that the company 's operating profit is not sufficient to cover its interest expenses.

6. Profitability Ratios:

The profitability ratios for Balasore Alloys Limited indicate negative values over the three years.

- PBIDTM (%): The PBIDTM (Profit Before Interest, Depreciation, and Tax Margin) has shown negative values, indicating that the company is incurring losses before considering interest, depreciation, and tax.

- PBITM (%): The PBITM (Profit Before Interest and Tax Margin) also shows negative values over the three years, suggesting operating losses.

- PBDTM (%): The PBDTM (Profit Before Depreciation and Tax Margin) has also shown negative values, indicating losses before considering depreciation and tax.

7. Return Ratios:

Both the Return on Capital Employed (ROCE) and the Return on Net Worth (RONW) have shown negative values over the three years, indicating that the company is not generating positive returns on its capital and shareholder 's equity.

Balasore Alloys Dividend History

Balasore Alloys Limited Recent Financial Performance

• Revenue from Operations increased by 273.63% from Rs. 102.12 Crore in FY 2022 to Rs. 381.56 Crore in FY 2023.

• Total borrowings of the company increased from Rs. 202.35 Crore as of 31st March 2022 to Rs. 577.46 Crore as of 31st March 2023. Due to this, the Finance cost of the company increased by 165.53% from Rs. 27.10 Crore to Rs. 71.96 Crore.
• Loss after tax of the company stood at Rs. 171.43 Crore in FY 2023 against a loss after tax of Rs. 58.18 Crore in FY 2022.
• For FY 2023, the company’s EPS was Rs. -18.37.
• The Current Ratio of the company as of 31st March 2023 is 0.91.
• The Debt to Equity Ratio of the company as of 31st March 2023 was 0.60.
• The Book value per share of the company as of 31st March 2023 is Rs. 60.