Carol Info Annual Report | Balance Sheet

Carol Info Services Limited (Carol Info) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Carol Info Services Limited

Carol Info Services Limited Balance Sheet (Amount In Thousand)

PARTICULARS	2021	2020	2019	2018	2017
Equity and Liabilities
Share Capital	354,365	354,365	354,365	354,365	354,365
Other Equity	6,590,360	5,995,792	6,544,289	6,019,806	5,177,879
Total Equity	6,944,725	6,350,157	6,898,654	6,374,171	5,532,244
Non-Current Liabilities
Financial Liabilities
Borrowings	3,252,529	3,364,082	2,659,601	2,867,648	1,787,155
Lease liabilities	49,879	1,077	-	-
Provisions	120	150	81	63	-
Deferred tax liabilities (net)	344,269	307,986	322,033	382,063	322,000
Total Non-Current Liabilities	3,646,797	3,673,295	2,981,715	3,249,774	2,109,155
Current Liabilities
Financial Liabilities
Borrowings	73,936	-	54,690
Trade Payables
Total Outstanding Dues of Micro Enterprises and Small Enterprises	-	-	-
Total Outstanding Dues of others	2,207	2,026	2,411	3,439	3,035
Lease liabilities	4,789	96	-
Other financial liabilities	715,804	728,876	820,615	782,490	884,955
Other current liabilities	13,205	13,556	13,433	11,914	1,267
Provisions	2	6	3	3	84
Liabilities for current tax (net)	500,072	500,072	306,786	298,543	349,954
Total Current Liabilities	1,310,015	1,061,084	1,197,938	1,096,389	1,239,295
Total Liabilities	11,901,537	11,084,536	11,078,307	10,720,334	8,880,694
Assets
Non-Current Assets
Property, Plant, and Equipment	4,259	6,654	154,491	162,101	168,710
Right of use assets	192,549	142,921	-
Capital work-in-progress	-	-	-
Intangible assets- Goodwill on consolidation	57	57	57	57	57
Investment Property	626,961	642,839	658,717	674,960	690,430
Investment in equity accounted for investees	1,016,045	1,054,381	-
Financial Assets
Other Investments	8,647,135	8,107,009	8,309,788	7,221,671	6,609,680
Loan given	-	-	268	467	466
Other non-current financial assets	84,575	77,378	-	131,900	17,787
Non-current tax assets (net)	523,950	533,941	488,716	452,567	428,814
Other non-current assets	5,534	5,534	6,175	5,193	5,027
Total Non - current Assets	11,101,065	10,570,714	9,618,212	8,648,916	7,920,971
Current Assets
Financial Assets
Investments	-	-	1,205,980	-
Trade Receivables	261,605	160,957	25,155	268,067	238,029
Cash and Cash Equivalents	40,101	164,777	32,595	809,755	36,977
Bank balances (other than above)	138,010	-	185,086	976,426	662,674
Loans given	341,041	173,213	-
Other Current Financial Assets	9,043	6,487	4,313	10,317	2,255
Other Current Assets	10,672	8,388	6,966	6,853	19,788
Total Current Assets	800,472	513,822	1,460,095	2,071,418	959,723
Total Assets	11,901,537	11,084,536	11,078,307	10,720,334	8,880,694

Carol Info Services Limited Profit & Loss Statement (Amount In Thousand)

Particular	2021	2020	2019	2018	2017
Income
Revenue from Operations	925,770	910,949	712,755	670,101	655,321
Other Income	575,247	596,623	563,871	553,703	562,591
Total Revenue	1,501,017	1,507,572	1,276,626	1,223,804	1,217,912
Expenses
Employee Benefits Expense	986	1,033	911	825	915
Finance Costs	383,875	355,890	260,728	265,064	269,223
Depreciation and amortization expense	21,950	21,968	23,853	22,277	23,863
Other Expenses	42,757	403,374	406,708	325,535	53,631
Total Expenses	449,568	782,265	692,200	613,701	347,632
Profit before tax	1,051,449	725,307	584,426	610,103	870,280
Tax Expense
Current Tax	(145,851)	(149,277)	(133,634)	(116,189)	(148,321)
Tax pertaining to earlier years	(236,415)	-	-	(960)	-
Deferred Tax	(51,322)	(14,375)	73,691	36,058	(47,192)
PROFIT AFTER TAX BEFORE OTHER COMPREHENSIVE INCOME AND LOSS IN ASSOCIATES	617,861	561,655	524,483	529,012	674,767
Share of loss in associates	(37,595)	(1,168)
PROFIT AFTER TAX BEFORE OTHER COMPREHENSIVE INCOME	580,266	560,487	524,483
Other Comprehensive Income
Items that will be reclassified to Profit or Loss- (charge)/credit
Re-measurement of net defined benefit (liability)/asset	4	(11)	(2)	(1)
Tax on the above	(2)	3	1
– Fair value gain/(loss) on equity instruments		(1,558,619)	-	409,036
Tax on the above		179,742	-	(96,120)
Items that will not be reclassified to profit or loss – (charge)/credit
Share in the OCI of associates	(741)	(3)	-
	(739)	(1,378,888)	(1)	312,915
Total Comprehensive Income for the Year	579,527	(818,401)	524,482	841,927	674,767
Earnings per equity share of the face value of Rs.10 each
Earnings Per Share - Basic	17.44	15.85	14.80	14.93	19.04
Earnings Per Share - Diluted	17.44	15.85	14.80	14.93	19.04

Carol Info Cash Flow Statement for the last three years (In Rs. Crore)

Particulars	31st March 2022	31st March 2021	31st March 2020
Cash Flow Summary
Cash and Cash Equivalents at Beginning of the year	3.99	16.45	3.22
Net Cash from Operating Activities	61.2	59.98	50.7
Net Profit before Tax & Extraordinary Items	106.96	123.72	75.97
Depreciation	2.04	2.2	2.2
Interest (Net)	6.07	-18.75	-2.12
P/L on Sales of Invest	0	0	35.63
Prov. & W/O (Net)	0.06	0	0
Others	-26.94	-18.95	-25.38
Total Adjustments (PBT & Extraordinary Items)	-18.76	-35.51	10.33
Op. Profit before Working Capital Changes	88.2	88.21	86.3
Trade & 0th receivables	-6.92	-10.06	-13.58
Others	0.49	0.05	-8.28
Total (OP before Working Capital Changes)	-6.43	-10.02	-21.86
Cash Generated from/(used in) Operations	81.77	78.19	64.43
Direct Taxes Paid	-20.57	-18.22	-13.73
Total-others	-20.57	-18.22	-13.73
Cash Flow before Extraordinary Items	61.2	59.98	50.7
Net Cash Used in Investing Activities	-77.18	-28.3	-68.39
Purchase of Investments	0	-0.5	-63.4
Interest Received	1.1	1.4	1.34
Dividend Received	0	0	0
Inter Corporate Deposits	0	0	0
Others	-78.28	-29.21	-6.33
Net Cash Used in Financing Activities	24.14	-44.13	30.92
Proceed from 0ther Long Term Borrowings	0	0	350
Proceed from Short Tem Borrowings	74	7	0
On Redemption of Debenture	0	0	0
Of the Long Tem Borrowings	-11.57	-11.24	-282.11
Of the short term Borrowings	0	0	-5.47
Of financial Liabilities	-0.52	-0.52	-0.01
Shelter Assistance Reserve	0	0	0
Interest Paid	-37.76	-39.37	-31.5
Net Inc/(Dec) in Cash and Cash Equivalent	8.16	-12.46	13.23
Cash and Cash Equivalents at End of the year	12.15	3.99	16.45

Summary of Carol Info 's Cash Flow Statement:

Operating Activities:

Net cash from operating activities for the year ending March 31, 2022, was Rs. 61.2 crores.
Net cash from operating activities for the year ending March 31, 2021, was Rs. 59.98 crores.
Net cash from operating activities for the year ending March 31, 2020, was Rs. 50.7 crores.
These positive cash flows indicate that Carol Info generated cash from its core operations in each of the three years.

Investing Activities:

Net cash used in investing activities for the year ending March 31, 2022, was Rs. -77.18 crores.
Net cash used in investing activities for the year ending March 31, 2021, was Rs. -28.3 crores.
Net cash used in investing activities for the year ending March 31, 2020, was Rs. -68.39 crores.
These negative cash flows suggest that Carol Info invested in various assets or made other investments during these years.

Financing Activities:

Net cash used in financing activities for the year ending March 31, 2022, was Rs. 24.14 crores.
Net cash used in financing activities for the year ending March 31, 2021, was Rs. -44.13 crores.
Net cash used in financing activities for the year ending March 31, 2020, was Rs. 30.92 crores.
These activities include proceeds from borrowings, repayments, and other financing-related transactions.

Overall, the cash flow statement shows that Carol Info had positive cash flows from its operating activities, utilized cash in its investing activities, and had mixed cash flows in its financing activities during the three-year period.

Funds Flow Statement of Carol Info Services Limited (Rs. In Crores)

Particulars	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18
Sources of funds
Cash profit	78.16	68.42	52.81	64.34	69.36
Increase in other networth	0	1.5	0	0	31.29
Increase in loan funds	61.59	0	55.32	0	97.48
Decrease in gross block	0	0	0	0.03	0
Decrease in investments	0	0	64.64	0	0
Decrease in working capital	0	0	0	148.84	0
Total Inflow	139.75	69.92	172.77	213.21	198.13
Application of funds
Decrease in networth	0	0	110.9	0	0
Decrease in loan funds	0	0.6	0	13.24	0
Increase in gross block	0	5.33	0.12	0	0.03
Increase in investments	26.92	19.46	0	199.97	34.1
Increase in working capital	112.81	44.56	61.74	0	164
Total Outflow	139.73	69.95	172.76	213.21	198.13

Carol Info Dividend History

Particulars	2021	2020	2019	2018	2017
Dividend	Nil	Nil	Nil	Nil	Nil
Retained Earnings (In Lakhs)	Nil	Nil	Nil	Nil	Nil

Carol Info Services Limited Recent Performance

Revenue from Operations increased from Rs. 910,949 thousand in FY 2020 to Rs. 925,770 thousand in FY 2021, showing an increase of 1.63% as compared to the previous financial year.
The company’s Net Profit increased from Rs. 560,487 thousand in FY 2020 to Rs. 580,266 thousand in FY 2021, showing an increase of 3.53% as compared to the previous financial year.
Finance Cost has risen significantly from Rs. 355,890 thousand in FY 2020 to Rs. 383,875 thousand in FY 2021.
The Current Ratio of the company as of 31st March 2021 was 61.10%.
The debt to equity ratio of the company as of 31st March 2021 was 1.71%.
The Company has not paid a dividend in the last 5 years.

Carol Info Annual Reports, Balance Sheet and Financials

Carol Info Services Limited (Carol Info) Return Comparision with Primex 40 Index

Carol Info Services Limited Balance Sheet (Amount In Thousand)

Carol Info Services Limited Profit & Loss Statement (Amount In Thousand)

Carol Info Cash Flow Statement for the last three years (In Rs. Crore)

Funds Flow Statement of Carol Info Services Limited (Rs. In Crores)

Carol Info Dividend History

Carol Info Services Limited Recent Performance

Annual Report

Carol Info Services Annual Report 2022-23

Carol Info Services Annual Report 2021-22

Carol Info Services Annual Report 2020-21

Carol Info Services Annual Report 2019-20