Binani Industries Annual Reports, Balance Sheet and Financials

Binani Industries Limited Balance Sheet (Rs In Lakhs)

 Binani Industries Limited Profit & Loss Statement (Rs In Lakhs)

 Binani Industries Limited Consolidated Cash Flow Statement (Rs In Lakhs)

 Certainly, here is a summary of the Cash Flow Statement for the years 2023 and 2022:

Cash Flow From Operating Activities (2023):

In 2023, the journey began with a Profit/loss Before Tax of -9,739.25.

Adjustments included Depreciation & Amortization of 15.98 and Interest & Financial Charges of 1.99.

Additional adjustments comprised Prior period Expenses (-2.75), Unrealized (Gain) / Loss on Exchange Rate Fluctuation (Net) (34.85), Written off Unutilized Indirect Taxes (4.12), and a Provision For Write Off Investment in Subsidiary (-7.24).

Interest and Dividend Income was -5.43, and there was a Provision / Liability written back of -1.72.

Notably, a significant Loss on sale of Property, Plant & Equipment (net) amounted to -78.66.

A Transfer from Business Reorganization Reserve of -5,177.64 was evident, as was a Loss on Revaluation of 9,166.86.

The Operating loss Before Working Capital Changes was -604.01.

Changes in Working Capital revealed Trade and Other Receivables of 965.83 and Trade and Other Payables of -462.37.

Consequently, Cash generated from/ (used in) operations was -100.55, leading to a Net Cash flow from/ (used in) operating activities of -100.55.

Cash Flow From Operating Activities (2022):

In 2022, the Cash Flow from Operating Activities started with a Profit/(loss) Before Tax

Adjustments included Depreciation and amortization of 26.13, Interest and financial Charges of 2.96, and Unrealized (Gain) / Loss on Exchange Rate Fluctuation (Net) of 13.39.

Written off Unutilized Indirect Taxes amounted to 8.71, and there was a Provision / Liability written back of -54.48.

A Gain/Loss on the sale of Property, Plant & Equipment (net) was -0.55.

Notably, there was a Transfer from Business Reorganization Reserve of -5,177.64.

The Operating loss Before Working Capital Changes was -5,277.32, with Changes in Working Capital, including Trade and Other Receivables of -66.69 and Trade and Other Payables of -124.37.

Consequently, Cash generated from/ (used in) operations was -5,468.38, leading to a Net Cash flow from/ (used in) operating activities of -5,468.38.

Cash Flows from Investing Activities (2023):

In 2023, the company made payments for property, plant, and equipment and intangible assets, amounting to 0.41.

There were proceeds from the sale of property, plant, and equipment, totaling 101.08.

A significant transfer of PPE to assets held for sale resulted in -339.12.

The company also purchased investments worth 5,177.64, and loans and advances (given)/received amounted to -0.81.

Interest and Dividend Income Received was 5.43.

Consequently, the Net Cash from Investing Activities was -233.42.

Cash Flows from Investing Activities (2022):

In 2022, the company recorded proceeds from the sale of property, plant, and equipment, amounting to 1.5.

There was a purchase of investments totaling 5,177.64 and loans and advances (given)/received resulted in -4.18.

Interest and Dividend Income Received was 0.35.

Consequently, the Net Cash from Investing Activities was 5,175.72.

Continuing to Financing Activities, in 2023, the company received proceeds from Borrowings amounting to 135.9, paid Interest & Finance Charges of -1.99, and distributed Dividends worth -3.12. This resulted in a Net Cash used in Financing Activities of 130.79. In 2022, the company similarly received proceeds from Borrowings, totaling 354.51, paid Interest & Finance Charges of -2.96, and distributed Dividends worth -41.14, leading to a Net Cash used in Financing Activities of 310.41.

Consequently, the Net Increase / (Decrease) in Cash and cash equivalents in 2023 was -203.18, while in 2022, it was 17.75. The year-end Cash and cash equivalents for 2023 were 28.76, whereas in 2022, they stood at 231.94.

Bellow are the Financial Ratios

Here is a summary of the financial and operational metrics for Binani Industries Limited for the years 2023 and 2022:

2023:

1. Current Ratio:

0.08 - This indicates that the company may have difficulty meeting its short-term obligations with its current assets.

2. Debt Equity Ratio:

-0.93 - A negative value suggests that the company has more equity than debt, which can be a positive sign for financial stability.

3. Debt Service Coverage Ratio:

7,383.93 - This ratio indicates a strong ability to cover debt service obligations.

4. Return on Equity Ratio:

0.81 - This signifies that the company generated a return of 0.81 for every unit of equity.

5. Trade Receivables Turnover Ratio:

 5.5 - This indicates that the company is collecting receivables relatively quickly.

6. Trade Payables Turnover Ratio:

0.02 - The ratio for trade payables turnover is missing, making it challenging to assess the company 's performance in this area.

7. Net Capital Turnover Ratio:

-0.01 - A negative value suggests inefficiency in utilizing capital.

8. Net Profit Ratio:

-100.67 - A negative net profit ratio implies a significant loss relative to revenue.

9. Return on Capital Employed:

10.88 - This represents a return of 10.88 on the capital employed, which is generally a positive sign.

10. Return on Investment:

0.81 - This is the same as the return on equity and indicates a return of 0.81 for every unit of investment.

2022:

1. Current Ratio:

0.99 - The company had a current ratio of 0.99, suggesting a healthier ability to meet short-term obligations compared to 2023.

2. Debt Equity Ratio:

-2.44 - Similar to 2023, a negative value implies a strong equity position relative to debt.

3. Debt Service Coverage Ratio:

-6,150.56 - This is a negative value, indicating challenges in covering debt service obligations.

4. Return on Equity Ratio:

-4.65 - A negative return on equity signifies a loss of 4.65 for every unit of equity.

5. Trade Receivables Turnover Ratio:

0.03 - The company collected receivables less efficiently in 2022.

6. Trade Payables Turnover Ratio:

Information is missing for this ratio.

7. Net Capital Turnover Ratio:

-2.3 - A negative value suggests inefficiency in capital utilization.

8. Net Profit Ratio:

141.43 - This positive value indicates a significant profit relative to revenue, which is a notable improvement from 2023.

9. Return on Capital Employed:

3.28 - This return is positive but lower than in 2023.

10. Return on Investment:

-4.65 - Similar to the return on equity, a negative return on investment suggests a loss of 4.65 for every unit of investment.