BT Syndicate Annual Report | Balance Sheet

BT Syndicate Limited (B T Syndicate) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
BT Syndicate Limited

BT Syndicate Limited Balance Sheet (In Rs. Crore)

Particulars	31st March 2022	31st March 2021	31st March 2020
SOURCES OF FUNDS:
Share Capital	10.27	10.27	10.27
Reserves Total	0.05	-0.23	-0.85
Total Shareholder’s Funds	10.32	10.04	9.42
Unsecured Loans	0.51	0.51	0.25
Total Debt	0.51	0.51	0.25
Total Liabilities	10.83	10.55	9.67
APPLICATION OF FUNDS:
Gross Block	1.4	1.29	0.8
Less: Accumulated Depreciation	0.72	0.44	0.2
Net Block	0.68	0.85	0.6
Investments	2.58	2.58	2.08
Current Assets, Loans & Advances
Inventories	2.13	3.38	2.71
Sundry Debtors	10.71	15.41	11.7
Cash and Bank	0.34	0.48	0.14
Loans and Advances	1.42	0.74	0.46
Total Current Assets	14.6	20.01	15.01
Less: Current Liabilities and Provisions
Current Liabilities	11.8	23.05	19.89
Provisions	0.29	0.47	0.6
Total Current Liabilities	12.09	23.52	20.48
Net Current Assets	2.51	-3.51	-5.48
Deferred Tax Assets	0.05	0.02	0
Net Deferred Tax	0.05	0.02	0
Other Assets	5.01	10.59	12.46
Total Assets	10.83	10.53	9.66

BT Syndicate Limited Profit & Loss Statement (In Rs. Crore)

Particulars	2022	2021	2020
INCOME:
Sales Turnover	12.01	21.79	21.55
Net Sales	12.01	21.79	21.55
Other Income	0.03	0.99	1.01
Stock Adjustments	-1.25	0.68	0.73
Total Income	10.79	23.46	23.29
EXPENDITURE:
Raw Materials	4.61	19.74	21.38
Employee Cost	1.19	1.01	1.16
Other Manufacturing Expenses	0.02	0.01	0
Selling and Administration Expenses	4.35	1.86	1.43
Total Expenditure	10.17	22.62	23.98
Operating Profit	0.63	0.84	-0.68
Interest	0.04	0.01	0
Gross Profit	0.59	0.83	-0.68
Depreciation	0.29	0.24	0.15
Profit Before Tax	0.3	0.59	-0.83
Tax	0.05	0	0
Deferred Tax	-0.03	-0.02	0
Reported Net Profit	0.29	0.62	-0.83
Adjusted Net Profit	0.29	0.62	-0.83
Adjst. below Net Profit	0	0	-4.6
P & L Balance brought forward	-0.38	-1	4.44
P & L Balance carried down	-0.1	-0.38	-1
Earnings Per Share-Unit Curr	0.03	0.06	-0.08
Earnings Per Share(Adj)-Unit Curr	0.03	0.06	-0.08
Book Value-Unit Curr	1.01	0.98	0.92
Book Value(Adj)-Unit Curr	1.01	0.98	0.92

BT Syndicate’s Cash Flow Statement for the last three years (In Rs. Crore)

Particulars	2021-22	2020-21	2019-20
Cash Flow Summary
Cash and Cash Equivalents at Beginning of the year	0.48	0.14	0.1
Net Cash from Operating Activities	-5.55	-0.8	3.64
Net Profit before Tax & Extraordinary Items	0.31	0.6	-0.83
Depreciation	0.29	0.24	0.15
Others	0	0	-0.04
Total Adjustments (PBT & Extraordinary Items)	0.29	0.24	0.11
Op. Profit before Working Capital Changes	0.59	0.83	-0.72
Trade & 0th receivables	4.71	-3.72	-6.36
Inventories	1.25	-0.68	-0.73
Trade Payables	-11.29	3.04	11.72
Others	-0.76	-0.19	-0.27
Total (OP before Working Capital Changes)	-6.1	-1.54	4.36
Cash Generated from/(used in) Operations	-5.5	-0.71	3.64
Direct Taxes Paid	-0.05	-0.09	0
Total-others	-0.05	-0.09	0
Cash Flow before Extraordinary Items	-5.55	-0.8	3.64
Net Cash Used in Investing Activities	5.41	0.88	-3.6
Purchased of Fixed Assets	-0.11	-0.49	-0.58
Purchase of Investments	0	-0.5	-0.48
Others	5.52	1.87	-2.53
Net Cash Used in Financing Activities	0	0.26	0
Proceeds from Issue of shares (incl share premium)	0	0	4.56
Proceed from 0ther Long Term Borrowings	0	0.26	0
Others	0	0	-4.56
Net Inc/(Dec) in Cash and Cash Equivalent	-0.14	0.34	0.04
Cash and Cash Equivalents at End of the year	0.34	0.48	0.14

Summary of given cash flow

Cash Flow from Operating Activities: The company experienced negative cash flows from operating activities in all three years, with amounts of -5.55, -0.8, and 3.64. This indicates that the company 's operating activities resulted in a net outflow of cash.
Cash Flow from Investing Activities: The company had a net cash outflow in investing activities in 2019-20 (-3.6) and a net cash inflow in 2020-21 (0.88) and 2021-22 (5.41). This suggests that the company made investments in fixed assets, purchased investments, and engaged in other investing activities.
Cash Flow from Financing Activities: The company had no cash flow from financing activities in 2021-22 and 2019-20. However, in 2020-21, there was a net cash inflow of 0.26. This could be attributed to proceeds from the issue of shares and other long-term borrowings.

Overall, the company 's cash flow was primarily impacted by operating activities, which resulted in negative cash flows in all three years. Investing activities contributed to both cash inflows and outflows, while financing activities showed limited activity, with a small cash inflow in one year.

BT Syndicate Key Financial Ratios (Standalone)

Particulars	31st March 2022	31st March 2021	31st March 2020
Key Ratios
Debt-Equity Ratio	0.05	0.04	0.03
Long Term Debt-Equity Ratio	0.05	0.04	0.03
Current Ratio	0.97	0.8	0.77
Turnover Ratios
Fixed Assets Turnover Ratio	8.93	20.85	44.43
Inventory Turnover Ratio	4.36	7.16	9.21
Debtors Turnover Ratio	0.92	1.61	2.53
Total Asset Turnover Ratio	1.12	2.16	2.13
Interest Cover Ratio	8.75	61	0
PBIDTM (%)	5.25	3.85	-3.16
PBITM (%)	2.83	2.75	-3.85
PBDTM (%)	4.91	3.81	-3.16
CPM (%)	4.83	3.95	-3.16
APATM (%)	2.41	2.85	-3.85
ROCE (%)	3.2	5.92	0
RONW (%)	2.78	6.25	0

Summary of given Key Financial Ratios

Current Ratio: The company 's ability to meet short-term obligations improved from 0.8 in 2021 to 0.97 in 2022.
Debt-Equity Ratio: The company 's debt in relation to equity increased slightly from 0.04 in 2021 to 0.05 in 2022.
Long-Term Debt-Equity Ratio: The ratio remained stable at 0.04 from 2021 to 2022.
Fixed Assets Turnover Ratio: The efficiency of utilizing fixed assets decreased significantly from 20.85 in 2021 to 8.93 in 2022.
Inventory Turnover Ratio: The company 's ability to manage and sell inventory decreased from 7.16 in 2021 to 4.36 in 2022.
Debtors Turnover Ratio: The efficiency of collecting receivables decreased from 1.61 in 2021 to 0.92 in 2022.
Total Asset Turnover Ratio: The efficiency of utilizing total assets decreased from 2.16 in 2021 to 1.12 in 2022.
Interest Cover Ratio: The company 's ability to cover interest expenses improved significantly from 61 in 2021 to 8.75 in 2022.
PBIDTM (%): The company 's profitability before interest, depreciation, and taxes improved from 3.85% in 2021 to 5.25% in 2022.
PBITM (%): The company 's profitability before interest and taxes remained relatively stable at 2.75% in 2021 and increased to 2.83% in 2022.
PBDTM (%): The company 's profitability before depreciation and taxes improved from 3.81% in 2021 to 4.91% in 2022.
CPM (%): The company 's comprehensive profitability margin improved from 3.95% in 2021 to 4.83% in 2022.
APATM (%): The company 's after-tax profitability margin decreased from 2.85% in 2021 to 2.41% in 2022.
ROCE (%): The company 's return on capital employed decreased from 5.92% in 2021 to 3.2% in 2022.
RONW (%): The company 's return on net worth decreased from 6.25% in 2021 to 2.78% in 2022.

BT Syndicate Share Dividend History

Particulars	2022	2021	2020
Dividend per Share	Nil	Nil	Nil

BT Syndicate Limited Recent Financial Performance

Net Revenue from Operations decreased by 47.16% from Rs. 12,04,03,231 in FY 2022 to Rs. 22,78,80,271 in FY 2021.
EBITDA inclined by 33.87% and reached Rs. 68,98,506 in FY 2022 from Rs. 97,47,096 in FY 2021 but EBITDA margins increased from 4.28% to 5.73% in FY 2022.
Total borrowings of the company decreased from Rs. 5,075,995 as of 31st March 2021 to Rs. 5,075,247 as of 31st March 2022. Due to this, the Finance cost of the company increased by 313.19% from Rs. 85,662 in FY 2021 to Rs. 3,53,947 in FY 2022.
Profit after Tax decreased by 53.13% from Rs. 61,53,162 in FY 2021 to Rs. 28,83,622 in FY 2022. Profit after Tax (PAT) margins also decline from 2.70% in FY 2021 to 2.50% in FY 2022.
For FY 2022, the company’s EPS was Rs. 0.03.
The current Ratio of the company as of 31st March 2022 is 0.97.
The Debt to Equity Ratio of the company as of 31st March 2022 was 0.05.
The book value of the company as of 31st March 2022 is Rs. 1.005.

Annual Report

BT Syndicate Annual Report 2021-22

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BT Syndicate Annual Reports, Balance Sheet and Financials