English Indian Clays Annual Report | P & L Account for FY 2022-23

English Indian Clays Limited Balance Sheet (In Rs. Lakhs) 

English Indian Clays Limited Profit & Loss Statement (in Rs. Lakhs)

English Indian Clays Limited (EICL) Cash Flow Statement for the last three years (In Rs. Lakhs)

Summary of Cash Flow Statement for English Indian Clays Limited (EICL) for the years ending March 31, 2023, March 31, 2022, and March 31, 2021:

Operating Activities:

- Net cash used in operating activities for the year ending March 31, 2023, was Rs. 472.04 lakhs.

- Net cash generated from operating activities for the year ending March 31, 2022, was Rs. 58.30 lakhs.

- Net cash used in operating activities for the year ending March 31, 2021, was Rs. 933.07 lakhs.

- These figures represent the cash flows from the company 's day-to-day operations. Negative cash flows indicate that the company used more cash in its operations than it generated during the given years.

Investing Activities:

- Net cash generated from investing activities for the year ending March 31, 2023, was Rs. 2,237.70 lakhs.

- Net cash generated from investing activities for the year ending March 31, 2022, was Rs. 158.70 lakhs.

- Net cash used in investing activities for the year ending March 31, 2021, was Rs. 888.14 lakhs.

- These activities include capital expenditures, sale proceeds of assets, and interest income on bank deposits.

Financing Activities:

- Net cash used in financing activities for the year ending March 31, 2023, was Rs. 1,769.72 lakhs.

- Net cash used in financing activities for the year ending March 31, 2022, was Rs. 168.81 lakhs.

- Net cash generated from financing activities for the year ending March 31, 2021, was Rs. 1,867.36 lakhs.

- These activities include proceeds from or repayment of borrowings, cash credits/working capital demand loan, repayment of unsecured loans, and payment of interest.

Overall, the cash flow statement shows that the company had negative net cash flows in all three years, indicating a cash outflow from its operations, investments, and financing activities. The company ended the years with decreasing cash and cash equivalents, with Rs. 4.48 lakhs (March 31, 2023), Rs. 8.54 lakhs (March 31, 2022), and Rs. 76.95 lakhs (March 31, 2021) in cash and cash equivalents.

English Indian Clays Limited Key Financial Ratios (Standalone)

Summary of Key Financial Ratios for English Indian Clays Limited as of March 31, 2023, and March 31, 2022:

• Current Ratio: The current ratio measures the company 's ability to cover its short-term liabilities with its short-term assets. For March 31, 2023, the current ratio was 1.42, and for March 31, 2022, it was 1.29. These ratios indicate that the company 's short-term liquidity position improved in 2023 compared to 2022.
• Debt-Equity Ratio: The debt-equity ratio compares a company 's total debt to its shareholder 's equity. A lower ratio indicates a lower reliance on debt financing. For March 31, 2023, the debt-equity ratio was 0.19, and for March 31, 2022, it was 0.26. The decrease in the ratio signifies a reduction in the company 's debt burden.
• Debt Service Coverage Ratio: The debt service coverage ratio measures the company 's ability to meet its debt obligations. A higher ratio indicates a better ability to service debt. For March 31, 2023, the debt service coverage ratio was 1.89, and for March 31, 2022, it was 0.84. The improvement in the ratio indicates an enhanced capacity to meet debt obligations.
• Return on Equity Ratio: The return on equity ratio evaluates the profitability of a company in relation to its shareholder 's equity. A negative ratio indicates a loss. For March 31, 2023, the return on equity ratio was -0.01%, and for March 31, 2022, it was -0.11%. The negative ratios suggest a loss on equity during both periods.
• Inventory Turnover Ratio: The inventory turnover ratio measures how efficiently a company manages its inventory. A higher ratio indicates effective inventory management. For March 31, 2023, the inventory turnover ratio was 152.11 days, and for March 31, 2022, it was 118.99 days. The increase in the ratio implies a longer inventory holding period in 2023 compared to 2022.
• Trade Receivables Turnover Ratio: The trade receivables turnover ratio assesses how quickly a company collects payments from its customers. For March 31, 2023, the turnover ratio was 61.89 days, and for March 31, 2022, it was 61.01 days. The slight increase in the ratio suggests a slightly longer collection period in 2023.
• Trade Payable Turnover Ratio: The trade payable turnover ratio measures how long it takes a company to pay its suppliers. For March 31, 2023, the turnover ratio was 74.59 days, and for March 31, 2022, it was 77.87 days. The decrease in the ratio indicates a faster payment cycle in 2023.
• Net Capital Turnover Ratio: The net capital turnover ratio measures the efficiency of capital utilization. A higher ratio indicates effective utilization of capital. For March 31, 2023, the net capital turnover ratio was 4.13, and for March 31, 2022, it was 5.86. The decrease in the ratio suggests a less efficient utilization of capital in 2023.
• Net Profit Ratio: The net profit ratio evaluates the company 's profitability by comparing net profit to total revenue. A negative ratio indicates a loss. For March 31, 2023, the net profit ratio was -1.41%, and for March 31, 2022, it was -14.

English Indian Clays Limited Dividend History

English Indian Clays Limited Performance

• Revenue from Operations decreased by 6.86% from Rs. 13,181.35 Lakhs in FY 2022 to Rs. 12,276.84 Lakhs in FY 2023.

• Total borrowings of the company decreased from Rs. 5267.68 Lakhs as of 31st March 2022 to Rs. 4045.90 Lakhs as of 31st March 2023.
• Finance cost of the company increased by 0.95% from Rs. 603.70 Lakhs as of 31st March 2022 to Rs. 609.46 Lakhs as of 31st March 2023.
• Loss after tax decreased from Rs. 2161.75 lakhs in FY 2022 to Rs. 342.29 lakhs in FY 2023, showing an inclined of 115.83%.
• For FY 2023, the company’s EPS was Rs. (0.68).
• The book value of the company as of 31st March 2023 is Rs. 30.05.