| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Bihariji Ispat Udyog Limited |
|
Particulars |
2023 |
2022 |
|
Assets |
|
|
|
Financial Assets |
|
|
|
Cash & Cash Equivalents |
1064.8 |
11973.39 |
|
Trade Receivables |
235213.21 |
48315.48 |
|
Loans and Advances |
765582.63 |
238125.01 |
|
Investments |
|
140497.29 |
|
Non Financial Assets |
|
|
|
Inventories |
1140373.2 |
46525.78 |
|
Deferred tax Assets (Net) |
17388.16 |
8437.83 |
|
Property, Plant & Equipment |
31659.73 |
11198.21 |
|
Goodwill |
2.38 |
|
|
Other Non Financial Assets |
20301.57 |
18.696.93 |
|
Total Assets |
2211586 |
523770 |
|
LIABILITIES AND EQUITY |
|
|
|
Liability |
|
|
|
Financial Liability |
|
|
|
Payables |
|
|
|
(i) Trade Payables |
|
|
|
Total outstanding dues of creditors other than micro enterprises and small enterprises |
32293.42 |
46020.92 |
|
(ii) Other Payables |
|
|
|
Borrowings |
740509.27 |
127670.78 |
|
Other Financial Liabilities |
20578.09 |
|
|
Non Financial Liabilities |
|
|
|
Current Tax Liabilities (Net) |
8083 |
7308.01 |
|
Provision |
|
131.79 |
|
Other Non Financial Liabilities |
73365.01 |
223.14 |
|
Equity |
60000 |
60000 |
|
Equity Share Capital |
60000 |
60000 |
|
Other Equity |
1276756.8 |
282415.27 |
|
Total |
2211586 |
523770 |
|
Particulars |
2023 |
2022 |
|
Revenue From Operation |
|
|
|
Interest Income |
25278.17 |
11222.06 |
|
Dividend Income |
14.77 |
30.35 |
|
Sales Of Products |
325086.5 |
440359.4 |
|
Sales Of Services |
1716.75 |
|
|
Other |
1541.4 |
|
|
Total Revenue From Operation |
353638 |
451672 |
|
Other Income |
977762.1 |
|
|
Total Income |
1331400 |
451672 |
|
Expenses |
|
|
|
Finance Cost (Net) |
35190.27 |
29790.79 |
|
Purchase of Stock-in-Trade |
1389217 |
438061.3 |
|
Changes in Inventories Of Finished Goods And Stock In Trade |
-1093847 |
13029.56 |
|
Employee Benefit Expenses |
7614.79 |
2057.99 |
|
Depreciation and amortization expense |
1350.6 |
583.06 |
|
Other Expenses |
10764.52 |
2308.46 |
|
Total Expenses |
350290 |
459772 |
|
Profit Before exceptional items and tax |
981109 |
-8160.3 |
|
Profit before tax |
981109 |
-8160.3 |
|
Prior period income |
1777.33 |
|
|
Tax Expense |
|
|
|
(1) Current Tax |
|
|
|
MAT Credit available/used/apsed |
|
-3888.79 |
|
(2) Deffered Tax |
9089.63 |
5479.68 |
|
Profit for the year |
991976 |
-6569.4 |
|
Other Comprehensive Income |
|
182.59 |
|
Less: Provision for Tax On Other Comprehensive Income |
|
-50.8 |
|
Total Comprehensive Income |
991976 |
-6437.6 |
|
Earning per Equity Share:- Basic & Diluted |
|
|
|
Basic |
165.33 |
-1.07 |
|
Diluted |
165.33 |
-1.07 |
| Particulars | 2023 | 2022 |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net profit/(loss) before Tax & Extra Ordinary Items | 981109.4 | -8160.26 |
| Other Comprehensive Income | 182.59 | |
| Adiustments for: | ||
| Depreciation | 1350.6 | 583.06 |
| Prior Period Income | 1777.33 | |
| Dividend Received | -14.77 | -30.35 |
| Interest Received | -25278.17 | -11222.06 |
| Impact of measuring investments at Fair Value | -182.59 | |
| lnterest Paid | 35190.27 | 29790.79 |
| Profit On Sale Of Fixed Assets | -36745.12 | |
| Bad Debts | 2085.32 | |
| Operating profit/(loss) before working capital changes | 959474.87 | 10691.18 |
| Adiustments for: | ||
| Trade & Other Receivables | -186897.7 | 66057.03 |
| Short Term Provisions | -50.8 | |
| Change in Current Assets | 6090.35 | 2649.2 |
| Inventories | -1093559 | -13029.56 |
| Trade Payables | -13766.44 | 53472.06 |
| Other Liabilities | 39885.96 | |
| Cash generated from Operations | -288772.1 | 13114.99 |
| Direct Taxes Paid (Net) | 883.81 | -3823.47 |
| Net Cash from Operating activites | -287888.3 | 9291.52 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchase/Sale of Investments (Net) | 134097.02 | |
| Sale of Fixed Assets | 36000 | |
| lnvestement in Fixed Assets | -7130.71 | -315.12 |
| Loans given/Received back (Net) | -489417.9 | 73267.07 |
| lnterest Received | 25278.17 | 11222.06 |
| Dividend Received | 14.77 | 30.35 |
| Net Cash Flow lnvesting Activities | -301158.7 | 84204.36 |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Increase/decrease in Unsecured Borrowings | 612838.49 | -72056.14 |
| Interest paid | -35190.27 | -29790.79 |
| Net cash generated in Financing Activities | 577648.2 | 101846.9 |
| NET Change in Cash and Cash Equivalents | -11398.8 | -8351.04 |
| Cash and cash equivalents as at 1st April (Opening Balance) | 11973.39 | 20324.44 |
| Cash and cash equivalents as at 31st March (Closing Balance) | 574.59 | 11973.39 |
Certainly, here is a summary of the Cash Flow Statement for the years 2023 and 2022:
CASH FLOWS FROM OPERATING ACTIVITIES:
In 2023, the company reported a net profit before tax and extraordinary items of Rs.981,109.4, a significant improvement from the previous year 's loss of -Rs.8,160.26. Other comprehensive income amounted to Rs.182.59 in 2023. The adjustments made for operating activities included depreciation of Rs.1,350.6, prior period income of Rs.1,777.33, dividend received of -Rs.14.77, interest received of -Rs.25,278.17, impact of measuring investments at fair value of -Rs.182.59, interest paid of Rs.35,190.27, profit on the sale of fixed assets of -Rs.36,745.12, and bad debts of Rs.2,085.32. The operating profit before working capital changes in 2023 was Rs.959,474.87, whereas in 2022, it was Rs.10,691.18.
Adjustments for working capital changes in 2023 included trade and other receivables decreasing by -Rs.186,897.73, short-term provisions of -Rs.50.8, change in current assets of Rs.6,090.35, a significant decrease in inventories of -Rs.1,093,559.15, trade payables decreasing by -Rs.13,766.44, and other liabilities increasing by Rs.39,885.96. As a result, cash generated from operations in 2023 was -Rs.288,772.14, contrasting with the previous year 's Rs.13,114.99. Direct taxes paid (net) in 2023 were Rs.883.81, while in 2022, they were -Rs.3,823.47. The net cash from operating activities in 2023 was -Rs.287,888.33, whereas in 2022, it was Rs.9,291.52.
CASH FLOWS FROM INVESTING ACTIVITIES:
In 2023, the company engaged in various investing activities. These included a net purchase/sale of investments amounting to Rs.134,097.02, the sale of fixed assets worth Rs.36,000, an investment in fixed assets of -Rs.7,130.71, net loans given/received back of -Rs.489,417.93, interest received of Rs.25,278.17, and dividend received of Rs.14.77. The net cash flow from investing activities in 2023 was -Rs.301,158.68, while in 2022, it was Rs.84,204.36.
CASH FLOWS FROM FINANCING ACTIVITIES:
Financing activities in 2023 involved an increase in unsecured borrowings of Rs.612,838.49 and interest paid of -Rs.35,190.27. The net cash generated in financing activities in 2023 was Rs.577,648.2. In 2022, there was a decrease in unsecured borrowings of -Rs.72,056.14 and interest paid of -Rs.29,790.79. The net cash generated in financing activities in 2022 was Rs.101,846.92.
NET CHANGE IN CASH AND CASH EQUIVALENTS:
The net change in cash and cash equivalents in 2023 was -Rs.11,398.8, while in 2022, it was -Rs.8,351.04.
CASH AND CASH EQUIVALENTS:
The company had cash and cash equivalents amounting to Rs.11,973.39 as of 1st April (opening balance) in 2023, which decreased to Rs.574.59 by 31st March (closing balance). In 2022, the opening balance was Rs.20,324.44, and the closing balance was the same at Rs.11,973.39.
|
Particulars |
2023 |
2022 |
|
Current Ratio |
2.65 |
1.94 |
|
Debt Equity Ratio |
0.55 |
0.37 |
|
Debt Service coverage ratio |
1.8 |
3.54 |
|
Return on Equity Ratio |
16.53 |
-0.11 |
|
Inventory Turnover Ratio |
0.5 |
2.66 |
|
Trade Receivables turnover ratio |
2.49 |
5.55 |
|
Trade Payables turnover ratio |
8.05 |
10.92 |
|
Net capital turnover ratio |
0.27 |
2.47 |
|
Net profit ratio |
2.81 |
-0.01 |
|
Return on Capital employed |
0.72 |
-0.02 |
Here is a summary of the financial and operational metrics for Bihariji Isapt Udyog Limited
Current Ratio:
In 2023, the current ratio improved to 2.65 from 1.94 in 2022, indicating a healthier liquidity position. This means the company has more current assets to cover its current liabilities.
Debt Equity Ratio:
The debt equity ratio increased to 0.55 in 2023 from 0.37 in 2022, suggesting a higher reliance on debt for financing compared to equity. This may imply increased financial leverage.
Debt Service Coverage Ratio:
In 2023, the debt service coverage ratio declined to 1.8 from 3.54 in 2022, indicating reduced ability to cover debt service obligations from operating income. This may raise concerns about the company 's ability to meet its debt payments.
Return on Equity Ratio:
The return on equity ratio improved significantly in 2023, reaching 16.53%. In contrast, it was in negative territory at -0.11% in 2022, indicating that the company is now more profitable in relation to its equity.
Inventory Turnover Ratio:
The inventory turnover ratio dropped to 0.5 in 2023 from 2.66 in 2022, suggesting that the company is selling its inventory at a slower rate, which might lead to excess inventory and potential carrying costs.
Trade Receivables Turnover Ratio:
In 2023, the trade receivables turnover ratio decreased to 2.49 from 5.55 in 2022, indicating that the company is taking longer to collect payments from its customers.
Trade Payables Turnover Ratio:
The trade payables turnover ratio also decreased to 8.05 in 2023 from 10.92 in 2022, suggesting that the company is taking longer to pay its suppliers, which may have implications for its relationships with vendors.
Net Capital Turnover Ratio:
In 2023, the net capital turnover ratio decreased to 0.27 from 2.47 in 2022, indicating a decrease in the efficiency of capital utilization.
Net Profit Ratio:
Bihariji Isapt Udyog Limited achieved a net profit ratio of 2.81% in 2023, a substantial improvement from the previous year when it was at -0.01%. This indicates a return to profitability.
Return on Capital Employed:
The return on capital employed improved to 0.72% in 2023 from -0.02% in 2022, suggesting a more efficient utilization of capital resources.
