| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Dalmia Bharat Refractories Limited |
|
Particulars |
31st March 2023 |
31st March 2022 |
31st March 2021 |
|
Assets |
|
|
|
|
Non-Current Assets |
|
|
|
|
Property, plant and equipment |
96.80 |
256 |
142.17 |
|
Right of use assets |
15.82 |
20.48 |
- |
|
Investment property |
0.21 |
0.21 |
- |
|
Capital work - in - progress |
0.02 |
21.83 |
2.02 |
|
Intangible assets |
125.66 |
286.09 |
63.87 |
|
Financial assets |
1839.76 |
106.38 |
111.95 |
|
Deferred tax assets (net) |
13.58 |
- |
2.71 |
|
Other non-current assets |
- |
0.30 |
0.13 |
|
Total Non-Current Assets |
2 091.85 |
6 91.29 |
322.88 |
|
Current Assets |
|
|
|
|
Inventories |
66.68 |
392.01 |
84.63 |
|
Financial assets: |
|
|
|
|
Investments |
425.07 |
- |
- |
|
Trade receivables |
148.26 |
337.51 |
91.51 |
|
Cash and cash equivalent |
128.15 |
50.11 |
34.10 |
|
Other financial assets |
212.60 |
7.55 |
9.15 |
|
Other current assets |
24.24 |
39.22 |
12.89 |
|
Tax assets |
- |
17.83 |
1.02 |
|
Assets held for disposal |
- |
0.33 |
0.01 |
|
Total Current Assets |
1005 |
844.23 |
233.35 |
|
Total Assets |
3096.85 |
1535.85 |
556.23 |
|
Equity And Liabilities |
|
|
|
|
Equity |
|
|
|
|
Equity Share Capital |
44.20 |
44.20 |
3.15 |
|
Other Equity |
2231.81 |
894.59 |
243.46 |
|
Non-Controlling Interest |
5.82 |
12.46 |
5.85 |
|
Total Equity |
2281.83 |
951.25 |
252.46 |
|
Liabilities |
|
|
|
|
Non-Current Liabilities |
|
|
|
|
Borrowings |
58.85 |
80.88 |
94.93 |
|
Other Financial Liabilities |
1.52 |
3.01 |
1.45 |
|
Deferred Tax liabilities |
0.33 |
16.08 |
17.36 |
|
Provisions |
9.28 |
20.18 |
4.01 |
|
Total Non-Current Liabilities |
69.98 |
120.15 |
117.77 |
|
Current Liabilities |
|
|
|
|
Borrowings |
30.54 |
77.77 |
39.23 |
|
Lease liabilities |
0.87 |
1.49 |
- |
|
Trade payables |
183.70 |
282.74 |
111.25 |
|
Other financial liabilities |
11.63 |
8.58 |
14.54 |
|
Tax liabilities |
416.30 |
- |
6.33 |
|
Other current liabilities |
22.83 |
62.19 |
14.40 |
|
Provisions |
79.17 |
31.68 |
0.22 |
|
Total Current Liabilities |
745.04 |
464.45 |
185.99 |
|
Total Liabilities |
815.02 |
584.60 |
303.77 |
|
Total Equity And Liabilities |
3096.85 |
1535.85 |
556.23 |
|
Particulars |
2023 |
2022 |
2021 |
|
Revenue from Operations |
345.75 |
300.41 |
394.68 |
|
Other Income |
12.92 |
0.79 |
2.62 |
|
Total Income |
358.67 |
301.20 |
397.30 |
|
EBITDA |
1772.20 |
48.22 |
36.57 |
|
EBITDA margins |
494.10% |
16% |
9.20% |
|
Finance Cost |
12.81 |
3.94 |
9.29 |
|
Depreciation |
35.81 |
8.88 |
15.92 |
|
Other expenses |
320.48 |
253.76 |
403.78 |
|
Profit/Loss before Tax |
1723.58 |
35.40 |
11.36 |
|
Net Tax expense |
416.99 |
12.56 |
4.71 |
|
Profit After Tax (PAT) |
1306.59 |
22.84 |
6.65 |
|
PAT margins |
364.28% |
7.58% |
1.67% |
|
EPS (In Rs.) |
295.16 |
4.84 |
21.77 |
|
Particulars |
31st March 2023 |
31st March 2022 |
|
A. Cash flow from operating activities : |
|
|
|
-Continuing operations |
(10.41) |
34.62 |
|
-Discontinuing operations |
(25.87) |
0.77 |
|
Profit before taxation and before exceptional items |
(36.28) |
35.39 |
|
Exceptional items |
1,759.87 |
|
|
Profit before taxation |
1,723.59 |
35.39 |
|
Adjustments for : |
|
|
|
Depreciation and amortisation expense |
46.73 |
48.01 |
|
Provision no longer required written back |
(0.09) |
(3.18) |
|
Bad debts |
0.28 |
2.54 |
|
Gain on Slump Sale |
(1,759.87) |
0 |
|
Impairment of intangible assets |
25.00 |
0 |
|
Provision for doubtful debts |
0.34 |
0 |
|
Provision for warranty |
15.63 |
2.26 |
|
Finance cost |
18.32 |
11.55 |
|
Interest income |
(8.63) |
(1.76) |
|
Dividend income |
(0.57) |
(0.34) |
|
Rates and taxes |
72.20 |
0 |
|
Gain on investments carried at fair value through statement of profit and loss |
(1.23) |
0 |
|
(Profit) / loss on sale of property, plant and equipment |
(0.26) |
(0.12) |
|
Other |
0 |
0.55 |
|
Operating profit before working capital changes |
131.45 |
94.90 |
|
Working capital adjustments |
|
|
|
Decrease/(Increase) in inventories |
(54.04) |
(143.11) |
|
Decrease/(Increase) in trade receivables |
(127.14) |
(128.04) |
|
Decrease/(Increase) in loans |
0.02 |
(0.51) |
|
Decrease/(Increase) in other financial assets |
(33.48) |
61.24 |
|
Decrease/(Increase) in other assets |
(17.53) |
(9.16) |
|
(Decrease)/Increase in trade payables |
282.40 |
108.55 |
|
(Decrease)/Increase in other financial liabilities |
4.77 |
(3.10) |
|
(Decrease)/Increase in provisions |
(31.58) |
23.80 |
|
(Decrease)/Increase in other liabilities |
0.15 |
45.93 |
|
Cash generated/(used) from operations |
23.57 |
(44.40) |
|
Income taxes paid (net) |
(14.58) |
(30.95) |
|
Net cash flow generated from operating activities |
140.44 |
19.56 |
|
B. Cash flow from investing activities |
|
|
|
Purchase of property, plant, equipment and intangible assets |
(19.34) |
(47.14) |
|
Proceeds from sale of property, plant and equipment |
3.53 |
|
|
Interest income |
8.63 |
1.76 |
|
Dividend income |
0.57 |
0.34 |
|
Purchase of current investments |
(1,075.00) |
0 |
|
Proceed from sale of current investments |
647.26 |
0 |
|
Investment in subsidiary |
(0.02) |
0 |
|
Other bank balances |
(87.87) |
0 |
|
Proceeds on slump sale of business |
393.29 |
0 |
|
Net cash flow generated from investing activities |
(128.96) |
(45.04) |
|
C. Cash flows from financing activities |
|
|
|
Proceeds from issue of equity shares |
0 |
(2.48) |
|
Other receipts |
1.00 |
0 |
|
Dividend paid |
(2.21) |
(0.32) |
|
Proceeds/(Repayment) of borrowings (net) |
110.47 |
8.48 |
|
Repayment of lease liability |
(24.33) |
(13.22) |
|
Interest paid |
(18.36) |
(11.55) |
|
Net cash flow generated from financing activities |
66.57 |
(19.09) |
|
Net increase/(decrease) in cash and cash equivalents (A+B+C) |
78.04 |
(44.58) |
|
Cash and cash equivalents at the beginning of the year |
50.11 |
94.68 |
|
Cash and cash equivalents at the end of the year |
128.15 |
50.11 |
|
Net increase/(decrease) in cash and cash equivalents |
78.04 |
(44.58) |
Summary of Cash Flow Statement for the years ending on March 31, 2023, and March 31, 2022, for Dalmia Bharat Refractories:
A. Cash flow from operating activities:
- In 2023, the company had a profit before tax from ordinary activities before exceptional items of -10.41 crore from continuing operations and -25.87 crore from discontinuing operations.
- Exceptional items amounting to 1,759.87 crore were recorded in 2023, resulting in a profit before taxation of 1,723.59 crore.
- Adjustments were made for depreciation and amortization expenses, provision no longer required written back, bad debts, gain on slump sale, impairment of intangible assets, provisions for doubtful debts and warranty, finance cost, interest income, dividend income, rates and taxes, gain on investments, and profit/loss on the sale of property, plant, and equipment.
- After these adjustments, the operating profit before working capital changes was 131.45 crore in 2023 and 94.90 crore in 2022.
- Working capital adjustments included changes in inventories, trade receivables, loans, other financial assets, other assets, trade payables, other financial liabilities, provisions, and other liabilities.
- The net cash flow generated from operating activities was 140.44 crore in 2023 and 19.56 crore in 2022.
B. Cash flow from investing activities:
- The company made investments in property, plant, equipment, and intangible assets, resulting in cash outflows.
- There were proceeds from the sale of property, plant, and equipment, interest income, and dividend income.
- The company purchased current investments, but also received proceeds from the sale of current investments.
- Other activities included investments in subsidiaries, changes in bank balances, and proceeds from the slump sale of business.
- The net cash flow generated from investing activities was -128.96 crore in 2023 and -45.04 crore in 2022.
C. Cash flow from financing activities:
- There were no proceeds from the issue of equity shares in 2023, but there were receipts in the previous year.
- Other receipts were recorded in 2023.
- Dividends were paid to shareholders, and there were proceeds and repayments of borrowings.
- Repayments of lease liabilities and interest payments were also made.
- The net cash flow generated from financing activities was 66.57 crore in 2023 and -19.09 crore in 2022.
Overall, the company experienced a net increase in cash and cash equivalents of 78.04 crore in 2023 and a net decrease of 44.58 crore in 2022. The ending cash and cash equivalents were 128.15 crore in 2023 and 50.11 crore in 2022.
|
Particulars |
Mar-22 |
Mar-21 |
|
Sources of funds |
|
|
|
Cash profit |
47.69 |
54.54 |
|
Increase in equity |
44.13 |
0.07 |
|
Increase in other net worth |
0 |
891.61 |
|
Increase in loan funds |
10.57 |
57.61 |
|
Decrease in gross block |
0 |
0 |
|
Decrease in investments |
6.6 |
0 |
|
Total Inflow |
108.99 |
1,003.83 |
|
Application of funds |
|
|
|
Decrease in net worth |
49.4 |
0 |
|
Increase in gross block |
39.13 |
343.65 |
|
Increase in investments |
0 |
321.98 |
|
Increase in working capital |
20.14 |
268.33 |
|
Dividend |
0.32 |
0 |
|
Total Outflow |
108.99 |
1,003.83 |
|
Particulars |
31 March 2023 |
31 March 2022 |
|
Current Ratio (in times) |
1.30 |
1.62 |
|
Debt-Equity Ratio (in times) |
- |
0.05 |
|
Debt Service Coverage Ratio (in times) |
0.02 |
9.72 |
|
Return on Equity Ratio (in %) |
85.34% |
0.32% |
|
Inventory Turnover Ratio (in times) |
0.12 |
0.85 |
|
Trade Receivables Turnover Ratio (in times) |
0.12 |
1.02 |
|
Trade Payable Turnover Ratio (in times) |
0.30 |
2.30 |
|
Net Capital Turnover Ratio (in times) |
0.46 |
3.68 |
|
Net Profit Ratio (in %) |
1410% |
1.20% |
|
Return on Capital Employed Ratio (in %) |
-1.22% |
0.58% |
|
Return on Investment Ratio (in %) |
35.02% |
-5.13% |
Summary of Dalmia Bharat Refractories Key Financial Ratios:
- The current ratio measures the company 's ability to cover its short-term liabilities with its short-term assets.
- The current ratio was 1.30 in 2023 and 1.62 in 2022, indicating a slight decrease in liquidity from the previous year.
- The debt-equity ratio compares the company 's total debt to its shareholders ' equity.
- The debt-equity ratio was not provided for 2023 but was 0.05 in 2022, indicating a relatively low level of debt compared to equity.
- The debt service coverage ratio evaluates the company 's ability to cover its debt obligations from its operating income.
- The debt service coverage ratio was 0.02 in 2023, indicating a weak ability to cover debt obligations, and a significant decrease from the ratio of 9.72 in 2022.
- The return on equity ratio measures the company 's profitability relative to its shareholders ' equity.
- The return on equity ratio was 85.34% in 2023, indicating a significant increase in profitability compared to 0.32% in 2022.
- The inventory turnover ratio assesses the efficiency of inventory management.
- The inventory turnover ratio was 0.12 in 2023, suggesting slower inventory turnover compared to 0.85 in 2022.
- The trade receivables turnover ratio measures the efficiency of collecting payments from customers.
- The trade receivables turnover ratio was 0.12 in 2023, indicating a slower collection of receivables compared to 1.02 in 2022.
- The trade payable turnover ratio evaluates the efficiency of paying trade payables.
- The trade payable turnover ratio was 0.30 in 2023, suggesting a slower payment of trade payables compared to 2.30 in 2022.
- The net capital turnover ratio measures the efficiency of utilizing capital to generate revenue.
- The net capital turnover ratio was 0.46 in 2023, indicating a lower efficiency in generating revenue compared to 3.68 in 2022.
- The net profit ratio assesses the company 's profitability as a percentage of net profit to net sales.
- The net profit ratio was 1410% in 2023, indicating a significant increase in profitability compared to 1.20% in 2022.
- The return on capital employed ratio measures the company 's profitability relative to its capital employed.
- The return on capital employed ratio was -1.22% in 2023, indicating a negative profitability and a decrease from 0.58% in 2022.
- The return on investment ratio assesses the company 's profitability relative to its investment.
- The return on investment ratio was 35.02% in 2023, indicating a positive profitability and an increase from -5.13% in 2022.
Overall, the financial ratios suggest mixed performance for Dalmia Bharat Refractories. While some ratios show improvements in profitability and efficiency, others indicate challenges in debt service coverage and slower turnover of inventory and receivables.
|
Particulars |
2023 |
2022 |
2021 |
2020 |
2019 |
|
Dividend (final + interim) (In Rs.) |
1.50 |
0.07 |
1 |
1.50 |
1 |
Revenue from Operations of the company has increased by 15.09% from Rs. 300.41 lakhs in FY 2022 to Rs. 345.75 lakhs in FY 2023.
