Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
---|---|---|---|---|---|---|---|
Primex-40 | |||||||
Bhatkawa Tea Industries Limited |
Particulars |
As at 31 March 2023 |
As at 31 March 2022 |
ASSETS |
|
|
Non - Current Assets |
|
|
(A) Property, plant and equipment |
9.19 |
8.56 |
(B) Capital work-in-progress |
1.12 |
0.15 |
(C) Other Intangible Assets |
- |
0.01 |
(D) Financial assets : |
|
|
(i) Investments |
10.12 |
9.48 |
(ii) Other Financial Assets |
0.49 |
2.52 |
(D) Deferred Tax Assets (net) |
- |
0.03 |
(F) Other Non Current Assets |
0.10 |
0.10 |
Total Non-Current Assets |
21.03 |
20.85 |
Current Assets |
|
|
(A) Inventories |
2.98 |
3.37 |
(B) Financial assets: |
|
|
(i) Investments |
17.16 |
14.88 |
(ii) Trade receivables |
2.26 |
1.21 |
(iii) Cash and cash equivalents |
1.25 |
1.20 |
(iv) Bank balance other than (iii) above |
1.80 |
2.79 |
(v) Loans |
3.42 |
2.20 |
(vi) Other Financial assets |
0.95 |
1.09 |
(C) Other Current Assets |
1.48 |
0.66 |
Total Current Assets |
31.31 |
27.41 |
Total Assets |
52.34 |
48.26 |
EQUITY AND LIABILITIES |
|
|
Equity |
|
|
(A) Equity Share capital |
2.24 |
2.24 |
(B) Other Equity |
36.72 |
33.72 |
Total Equity |
38.96 |
35.96 |
Liabilities |
|
|
Non-Current Liabilities |
|
|
(A) Financial liabilities: |
|
|
(i) Borrowings |
- |
- |
(B) Provisions |
4.89 |
4.77 |
(C) Deferred Tax Liabilities (net) |
0.15 |
- |
(D) Other Non-Current Liabilities |
0.02 |
0.02 |
Total Non-Current Liabilities |
5.06 |
4.79 |
Current liabilities |
|
|
(A) Financial liabilities: |
|
|
(i) Borrowings |
- |
- |
(ii) Trade Payables |
- |
- |
(a.) total outstanding dues of micro enterprises and small enterprises |
0.05 |
0.11 |
(b.) total outstandng dues of creditors other than micro enterprises and small enterprises |
1.22 |
1.44 |
(iii) Other financial Liabilities |
1.73 |
1.58 |
(B) Provisions |
4.56 |
4.18 |
(C) Other current liabilities |
0.74 |
0.19 |
Total Current Liabilities |
8.31 |
7.51 |
Total Equity and Liabilities |
52.34 |
48.26 |
Particulars |
As at 31 March 2023 |
As at 31 March 2022 |
Income |
|
|
Revenue from operations |
36.89 |
37.05 |
Other income |
1.71 |
1.36 |
Total revenue |
38.60 |
38.41 |
Expenses |
|
|
Change in inventories of Finished Goods |
-0.03 |
-0.49 |
Employee benefits expenses |
23.10 |
20.55 |
Finance costs |
0.34 |
0.32 |
Depreciation and amortization expenses |
0.95 |
0.87 |
Other expenses |
11.58 |
11.08 |
Total expenses |
35.94 |
32.34 |
Profit/(Loss) before tax |
2.66 |
6.07 |
Less: Tax expenses |
|
|
Current tax |
0.54 |
0.73 |
MAT Credit Entitlement |
-0.22 |
- |
Deferred Tax |
0.08 |
-0.16 |
MAT credit entitlement |
|
|
Income Tax relating to earlier years |
|
|
Profit/(Loss) for the year |
2.26 |
5.50 |
Other Comprehensive Income/(Expenses) (OCI) |
|
|
Items that will not be reclassified to profit or loss: |
|
|
Remeasurement gains/ (losses) on defined benefit plans |
1.08 |
0.90 |
Less: Tax effect |
-0.30 |
-0.23 |
|
0.78 |
0.67 |
Net (loss)/gain on FVTOCI equity securities |
0.10 |
2.14 |
Less: Tax effect |
-0.03 |
-0.21 |
|
0.07 |
1.93 |
Other Comprehensive Income/(Expenses) (OCI), net of taxes |
0.85 |
2.59 |
Total Comprehensive Income /(Loss) for the year |
3.11 |
8.09 |
Earnings per equity share( Face value Rs. 10 per share) |
|
|
Basic |
10.08 |
24.54 |
Diluted |
10.08 |
24.54 |
Particulars |
31st March 2023 |
31 March 2022 |
A. Cash Flow From Operating Activities |
|
|
Net Profit/(Loss) before tax |
2.66 |
6.07 |
Adjustments for : |
|
|
Depreciation & Amortization Expense |
0.95 |
0.87 |
Finance Costs |
0.34 |
0.32 |
Remeasurement gains/(losses) on defined benefit plans |
1.08 |
0.90 |
Provision on Doubtful Debts |
- |
0.16 |
Loss on Uprooting of Plants |
0.01 |
0.01 |
Profit on Sale of Fixed Asset (Net) |
-0.01 |
- |
Profit on Sale of Mutual Funds |
-0.29 |
-0.13 |
Deferred Government Grants |
-0.00 |
-0.07 |
Dividend Income |
-0.10 |
-0.08 |
Liabilities no longer required written back |
- |
-0.06 |
Interest Income |
-1.06 |
-0.99 |
Operating Profit before Working Capital Changes |
3.57 |
6.99 |
Adjustments for: |
|
|
(Increase)/Decrease in Inventories |
0.38 |
-1.25 |
(Increase)/Decrease in Trade and other receivables |
-1.97 |
-0.84 |
Increase/(Decrease) in Trade and other payables |
-0.22 |
1.50 |
Cash Generated from Operations |
1.77 |
6.40 |
Tax Paid |
-0.46 |
0.83 |
Net Cash (Outflow)/Inflow from Operating Activities |
2.23 |
5.57 |
B. Cash Flow From Investing Activities |
|
|
Acquisition of Property, Plant & Equipment |
-1.43 |
-2.20 |
Work In Progress of Bearer Plant |
-1.12 |
-0.15 |
Maturity of Term Deposit |
0.01 |
- |
Subsidy Received |
2.10 |
- |
Capital Expenditure |
- |
-0.09 |
Dividend Received |
0.10 |
0.08 |
Sale of Investments |
|
|
Acquisition of Investments |
-2.88 |
-2.63 |
Interest Received |
1.14 |
0.64 |
Net Cash (Outflow)/Inflow from Investing Activities |
-2.08 |
-4.34 |
C. Cash Flow From Financing Activities |
|
|
Profit on sale of bonds |
- |
0.13 |
Procceds/ (Repayment) of Long-Term Borrowings |
- |
-0.18 |
Profit on sale of mutual funds & Shares |
|
|
Dividend Paid (including tax on dividend) |
-0.11 |
-0.22 |
Interest and Other Finance charges paid |
-0.00 |
-0.32 |
Net Cash Inflow/(Out flow) from Financing Activities |
-0.11 |
-0.59 |
Net Increase/ (Decrease) in Cash & Cash Equivalents (A + B + C) |
0.04 |
0.64 |
Cash & Cash Equivalents as at beginning of the year |
1.20 |
0.56 |
Cash & Cash Equivalents as at Closing at the end of year |
1.25 |
1.20 |
Particulars | 31-Mar-23 | 31-Mar-22 |
Current Ratio (in times) | 3.77 | 3.65 |
Debt-Equity Ratio (in times) | 0 | 0 |
Debt service coverage ratio | 0 | 34.69 |
Return on Equity Ratio (in %) | 5.80% | 15.28% |
Inventory Turnover Ratio (in times) | 11.62 | 13.5 |
Trade Receivables Turnover Ratio (in times) | 21.22 | 32.18 |
Trade Payable Turnover Ratio (in times) | 8.15 | 8.26 |
Net Capital Turnover Ratio (In % ) | 160.41% | 186.14% |
Net Profit Ratio (in %) | 6.12% | 14.83% |
Return on Capital Employed Ratio (in %) | 7.68% | 17.75% |
Particulars | 2023 | 2022 |
Dividend per Share | - | - |
Revenue and Profitability:
Total revenue remained relatively stable at INR 38.60 crore in 2023 compared to INR 38.41 crore in 2022.
Profit before tax decreased from INR 6.07 crore in 2022 to INR 2.66 crore in 2023, indicating a decrease in profitability.
Comprehensive Income:
Total comprehensive income for the year decreased from INR 8.09 crore in 2022 to INR 3.11 crore in 2023.
Earnings Per Share:
Earnings per equity share (face value of INR 10 per share) decreased from INR 24.54 in 2022 to INR 10.08 in 2023.
Cash Flow Statement Insights:
Operating Activities:
Net cash from operating activities decreased from INR 5.57 crore in 2022 to INR 2.23 crore in 2023.
This decrease in cash from operations is primarily due to lower profitability in 2023.
Financing Activities:
Net cash outflow from financing activities decreased from INR 0.59 crore in 2022 to INR 0.11 crore in 2023, indicating reduced dividend payments.
Cash and Cash Equivalents:
Cash and cash equivalents at the end of the year increased from INR 1.20 crore in 2022 to INR 1.25 crore in 2023.
Financial Ratio Analysis:
Current Ratio:
The current ratio improved slightly from 3.65 times in 2022 to 3.77 times in 2023, indicating better short-term liquidity.
Debt-Equity Ratio:
The company maintained a debt-equity ratio of 0 in both 2023 and 2022, indicating a debt-free financial structure.
Debt Service Coverage Ratio:
The debt service coverage ratio decreased significantly from 34.69 in 2022 to 0 in 2023, suggesting a change in the company 's debt obligations.
Return on Equity (ROE):
ROE declined from 15.28% in 2022 to 5.80% in 2023, reflecting lower profitability relative to shareholders ' equity.
Inventory Turnover Ratio:
The inventory turnover ratio decreased from 13.5 times in 2022 to 11.62 times in 2023, indicating a slightly slower inventory turnover.