Balmer Lawrie Annual Reports, Balance Sheet and Financials

Balmer Lawrie Van Leer Limited Balance Sheet (Rs in Lakhs)

Balmer Lawrie Van Leer Limited Profit & Loss Statement (Rs in Lakhs)

Balmer Lawrie Van Leer Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Here is the analysis of cash flow statement of 2023 and 2022:

Cash Flow from Operating Activities:

Net Profit before Tax:

The net profit before tax for the year ending March 31, 2023, was INR 3,750 million, compared to INR 5,042 million for the previous year. This figure is taken from the Statement of Profit and Loss and serves as the starting point for calculating cash flow from operating activities.

Adjustments for Non-Cash and Non-Operating Items:

Depreciation and Amortization Expense: Non-cash charges of INR 1,684 million for 2023 and INR 1,651 million for 2022 were added back.

Interest Income: The interest income of INR -23 million for 2023 and INR -21 million for 2022 was subtracted as it is a non-operating item.

Finance Costs: Non-operating charges of INR 1,247 million for 2023 and INR 1,241 million for 2022 were added back.

Expected Credit Losses on Trade Receivables: For 2023, INR 28 million was added back, reflecting the non-cash adjustment for expected credit losses.

Liabilities No Longer Required Written Back: A non-cash adjustment of INR -38 million for 2023 and INR -61 million for 2022 was subtracted.

Actuarial Gain/ (Loss) Recognized in OCI: Non-cash adjustments of INR 217 million for 2023 and INR 176 million for 2022 were added back.

Loss on Sale of Property, Plant and Equipment: A non-cash adjustment of INR 11 million was added back for 2023.

Deferred Grant Income: Non-cash adjustments of INR -2 million for both 2023 and 2022 were subtracted.

Unrealized Foreign Exchange Loss/ (Gain): Non-cash adjustments of INR -22 million for 2023 and INR -20 million for 2022 were subtracted.

Total Adjustments: The total adjustments amounted to INR 3,102 million for 2023 and INR 2,964 million for 2022, which were added to the net profit before tax.

Operating Profit before Working Capital Changes:

After adjustments, the operating profit before changes in working capital was INR 6,852 million for 2023 and INR 8,006 million for 2022.

Changes in Working Capital:

Increase in Provisions, Trade Payables, and Other Liabilities: There was an increase of INR 251 million for 2023 and INR 970 million for 2022.

Decrease/ (Increase) in Trade Receivables: There was a decrease of INR 1,350 million for 2023, whereas there was an increase of INR -781 million for 2022.

(Increase) in Inventories: Inventory increased by INR -152 million for 2023, compared to an increase of INR -2,691 million for 2022.

(Increase)/Decrease in Loans and Other Assets: There was an increase of INR -207 million for 2023 and a decrease of INR 816 million for 2022.

Operating Profit after Working Capital Changes:

The operating profit after accounting for working capital changes was INR 8,094 million for 2023 and INR 6,320 million for 2022.

Direct Taxes Paid (Net of Refund):

Direct taxes paid amounted to INR -966 million for 2023 and INR -1,444 million for 2022.

Net Cash Generated from Operating Activities:

After adjusting for direct taxes paid, the net cash generated from operating activities was INR 7,128 million for 2023 and INR 4,876 million for 2022.

Cash Flow from Investing Activities:

Purchase of Property, Plant, and Equipment:

The company spent INR -2,886 million on purchasing property, plant, and equipment (including capital work-in-progress and interest capitalized) in 2023, compared to INR -1,455 million in 2022.

Proceeds from Sale of Property, Plant, and Equipment:

The proceeds from sales amounted to INR 49 million for 2023, with no proceeds reported for 2022.

Fixed Deposits Matured:

There were no fixed deposits matured in 2023, while INR 19 million matured in 2022.

Interest Received:

Interest received amounted to INR 23 million for 2023 and INR 21 million for 2022.

Net Cash Used in Investing Activities:

The net cash used in investing activities was INR -2,814 million for 2023 and INR -1,415 million for 2022.

Cash Flow from Financing Activities:

Dividend Paid (Including Unpaid Dividend):

The company paid dividends amounting to INR -1,069 million in 2023 and INR -987 million in 2022.

Repayment of Non-Current Borrowings:

Repayments amounted to INR -1,535 million for 2023 and INR -1,214 million for 2022.

Proceeds from Non-Current Borrowings:

There were no proceeds from non-current borrowings in 2023, while there were INR 900 million in proceeds for 2022.

Deposits with Bank towards Margin Money against Borrowings (Net):

Deposits amounted to INR -252 million for 2023 and INR -230 million for 2022.

Settlement of Lease Obligations:

The company settled lease obligations amounting to INR -93 million for 2023 and INR -60 million for 2022.

Finance Costs Paid:

Finance costs paid were INR -1,246 million for 2023 and INR -1,263 million for 2022.

(Repayments of)/Proceeds from Current Borrowings (Net):

There was a net receipt of INR 387 million from current borrowings in 2023, compared to a net repayment of INR -1,244 million in 2022.

Net Cash (Used In)/Generated from Financing Activities:

The net cash used in financing activities was INR -3,808 million for 2023 and INR -4,098 million for 2022.

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

Net Change:

The net increase in cash and cash equivalents was INR 506 million for 2023, compared to a net decrease of INR -637 million for 2022.

Opening Balance of Cash and Cash Equivalents:

The opening balance was INR 99 million for 2023 and INR 736 million for 2022.

Closing Balance of Cash and Cash Equivalents:

The closing balance was INR 605 million for 2023 and INR 99 million for 2022.

Components of Cash and Cash Equivalents:

Balances with Banks in Current Accounts:

The balances in current accounts were INR 595 million for 2023 and INR 87 million for 2022.

Balances with Banks in Deposit Accounts:

The balances in deposit accounts were INR 9 million for 2023 and INR 11 million for 2022.

Cash on Hand:

Cash on hand remained constant at INR 1 million for both years.

Total Cash and Cash Equivalents:

The total cash and cash equivalents as per financial statements were INR 605 million for 2023 and INR 99 million for 2022.

Financial Ratios of Balmer Lawrie Van Leer Limited

Here is the summary of financial and operational metrices for Balmer Lawrie Van Leer Limited for year 2023 & 2022:

Current Ratio

2023: 1.10

2022: 1.17

Explanation: This ratio measures the company’s ability to pay off its short-term liabilities with its short-term assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, but a decrease from 1.17 to 1.10 suggests a slightly reduced liquidity position in 2023 compared to 2022.

Debt-Equity Ratio

2023: 0.67

2022: 0.83

Explanation: This ratio compares the company's total debt to its total equity, indicating the proportion of equity and debt used to finance the company's assets. A lower ratio in 2023 (0.67) compared to 2022 (0.83) suggests that the company has reduced its reliance on debt financing.

Debt Service Coverage Ratio

2023: 2.59

2022: 3.50

Explanation: This ratio measures the company’s ability to service its debt with its earnings. A higher ratio is preferable as it indicates better capability to cover debt obligations. The decrease from 3.50 to 2.59 indicates a reduced capacity to service debt in 2023.

Return on Equity (ROE) Ratio

2023: 0.14

2022: 0.20

Explanation: ROE measures the return generated on shareholders' equity. A decline from 0.20 in 2022 to 0.14 in 2023 indicates that the company’s profitability relative to shareholders’ equity has decreased.

Inventory Turnover Ratio

2023: 1.23

2022: 1.36

Explanation: This ratio shows how many times the company's inventory is sold and replaced over a period. A decrease from 1.36 to 1.23 suggests that the company was slower in turning over its inventory in 2023.

Debtors Turnover Ratio

2023: 5.89

2022: 5.66

Explanation: This ratio measures how efficiently the company collects receivables. An increase from 5.66 to 5.89 indicates improved efficiency in collecting receivables in 2023.

Creditors Turnover Ratio

2023: 5.63

2022: 5.93

Explanation: This ratio measures how quickly the company pays off its creditors. A decrease from 5.93 to 5.63 suggests a slower payment cycle to creditors in 2023.

Net Capital Turnover Ratio

2023: 2.76

2022: 3.00

Explanation: This ratio measures how efficiently a company uses its working capital to generate sales. A decrease from 3.00 to 2.76 indicates a slight decline in efficiency in using working capital to generate revenue in 2023.

Net Profit Margin

2023: 4.90%

2022: 6.50%

Explanation: This ratio indicates the percentage of revenue that remains as profit after all expenses are deducted. A decrease from 6.50% to 4.90% shows reduced profitability in 2023.

Return on Capital Employed (ROCE)

2023: 26%

2022: 31%

Explanation: ROCE measures the return that a company generates from its capital employed. A decrease from 31% to 26% suggests a decline in the efficiency with which the company is using its capital to generate profits in 2023.

Dividend History

Balmer Lawrie Van Leer Limited Recent Financial Performance:

Dividend per Share: The specific dividend per share figure for March 2023 is Rs. 4.00 and for March 2022 is Rs. 6.00, 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. 15447 Lakhs, while in 2022, they were Rs. 13518 Lakhs. 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.