| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Garg Acrylics Limited |
| PARTICULARS | 31 March 2023 | 31 March 2022 |
| Assets | ||
| 1. Non-current assets | ||
| (a) Property, Plant and Equipment | 26998.62 | 29498.55 |
| (b) Capital work-in-progress | 3248.56 | 460.98 |
| (c) Intangible Assets | 4.88 | 6.11 |
| (d) Financial Assets | ||
| - Investments | 71.75 | 4.09 |
| - Other financial assets | 97.19 | 157.91 |
| - Other Non Current assets | 1343.16 | 1280.14 |
| Total Non-current assets | 31764.16 | 31407.78 |
| 2. Current assets | ||
| (a) Inventories | 37062.01 | 39952.64 |
| (b) Financial Assets | ||
| - Trade receivables | 17776.98 | 23797.68 |
| - Cash and cash equivalents | 46.79 | 76.16 |
| - Bank Balance other than above | 444.72 | 407.11 |
| - Other financial assets | 1426.39 | 1458.29 |
| (c) Other current assets | 6214.22 | 8054.81 |
| Total Current assets | 62971.11 | 73746.69 |
| Total Assets | 94735.27 | 105154.47 |
| Equity and Liabilities | ||
| Equity | ||
| (a) Equity Share capital | 664.28 | 664.28 |
| (b) Other Equity | 47788.61 | 45985 |
| (c) Non-controlling interests | 0.3 | 0.47 |
| Total Equity | 48453.19 | 46649.75 |
| Liabilities | ||
| 1. Non-current liabilities | ||
| (a) Financial Liabilities | ||
| - Borrowings | 5505.41 | 10402.03 |
| (b) Provisions | 425.15 | 406.34 |
| (c) Deferred tax liabilities (Net) | 49.16 | 120.12 |
| (d) Other non-current liabilities | 1.78 | 3.89 |
| Total Non-current liabilities | 5981.5 | 10932.38 |
| 2. Current liabilities | ||
| (a) Financial Liabilities | ||
| - Borrowings | 34420.09 | 36236.76 |
| - Trade payables | ||
| (a) Total outstanding dues of Micro and Small Enterprises | 14.12 | 17.65 |
| (b) Total outstanding dues of creditors other than Micro and Small Enterprises | 4262.55 | 6575.57 |
| - Other financial liabilities | 16.09 | 913.84 |
| (b) Other current liabilities | 1346.6 | 1870.27 |
| (c) Provisions | 205.66 | 192.73 |
| (d) Current tax provisions (net) | 35.48 | 1765.54 |
| Total Current liabilities | 40300.58 | 47572.35 |
| Total Equity and Liabilities | 94735.27 | 105154.47 |
| PARTICULARS | 31 March 2023 | 31 March 2022 |
| I. Revenue from operations | 160177.45 | 194042.9 |
| II. Other income | 197.67 | 308.53 |
| III. Total Income (I+II) | 160375.12 | 194351.43 |
| IV. Expenses : | ||
| Cost of materials consumed | 119307.6 | 112750.91 |
| Purchases of stock-in-trade | 25.79 | 5168.71 |
| Changes in inventories of finished goods, work-in-progress | ||
| and stock-in-trade | -9058.04 | -1589.89 |
| Employee benefits expense | 10786.49 | 10461.08 |
| Finance costs | 3516.56 | 4699.28 |
| Depreciation and amortization expense | 3524.01 | 4091.85 |
| Other expenses | 29263.44 | 32533.66 |
| Total Expenses | 157365.84 | 168115.6 |
| V. Profit before exceptional items and tax (III-IV) | 3009.28 | 26235.83 |
| VI. Exceptional Items | -129.18 | 12.11 |
| VII. Profit after exceptional items and before tax (V+VI) | 2880.09 | 26247.94 |
| VIII. Tax expense: | ||
| (1) Current tax | 756.12 | 6688.01 |
| (2) Deferred tax | -106.34 | -206.84 |
| (4) Prior Year Tax Provisions | 1.64 | -45.79 |
| IX Profit for the year (VII-VIII) | 2228.67 | 19812.56 |
| X Other Comprehensive Income | ||
| A (i) Items that will not be reclassified to profit or loss | ||
| - Remeasurements of the defined benefit plans | 140.59 | -3.04 |
| (ii) Income tax relating to items that will not be reclassified to profit or loss | -35.38 | 0.77 |
| B (i) Items that will be reclassified to profit or loss | 0 | 0 |
| (ii) Income tax relating to items that will be reclassified to profit or loss | 0 | 0 |
| Total Comprehensive Income for the year (IX+X) | 2333.88 | 19810.28 |
| Profit Attributable to: | ||
| - Owners of the parent | 2228.84 | 19812.09 |
| - Non Controlling interest | -0.17 | 0.47 |
| 2228.67 | 19812.56 | |
| Other Comprehensive Income Attributable to: | ||
| - Owners of the parent | 105.21 | -2.28 |
| - Non Controlling interest | 0 | 0 |
| 105.21 | -2.28 | |
| Total Comprehensive Income Attributable to: | ||
| - Owners of the parent | 2334.05 | 19809.81 |
| - Non Controlling interest | -0.17 | 0.47 |
| 2333.88 | 19810.28 | |
| Earnings per equity share | ||
| Basic - Par value of Rs.10 per share | 33.55 | 298.25 |
| Diluted - Par value of Rs.10 per share | 33.55 | 298.25 |
| Particulars | 31 March 2023 | 31 March 2022 |
| CASH FLOW FROM OPERATING ACTIVITIES | ||
| Net Profit before tax | 2880.09 | 26247.94 |
| Adjustments for : | ||
| Depreciation and amortisation | 3524.01 | 4091.85 |
| Interest expense | 3328.83 | 4417.99 |
| Fair Valuation (Gain)Loss on Investment | 1.09 | -0.07 |
| Deferrred Revenue on Capital Subsidy | -2.11 | -2.11 |
| Deferred Revenue on Interest Free Loans | 0 | -8.49 |
| Provision for Doubtful Debt | 0 | -172.91 |
| Interest income | -190.97 | -117.46 |
| (Profit)/Loss on sale of Assets(Net) | 4.48 | -12.11 |
| Gratuity Provision | 31.74 | 153.55 |
| Gratuity-Other Comprehensive income | 140.59 | -3.04 |
| Operating Profit before working capital changes | 9717.76 | 34595.14 |
| Adjustments for Changes in Working capital: | ||
| Increase(-)/Decrease(+) in Trade and other Receivables | 7890.88 | -694.84 |
| Increase(-)/Decrease(+) in Inventories | 2890.63 | -11987.03 |
| Increase(+)/(Decrease)(-) in Trade Payables and other Liabilities | -5468.02 | 2882.26 |
| Cash generated from Operations | 15031.24 | 24795.53 |
| Net income tax paid | -757.76 | -6642.22 |
| Net cash flow from/ (used in) operating activities | 14273.48 | 18153.31 |
| CASH FLOW FROM INVESTING ACTIVITIES | ||
| Purchase of Fixed Assets | -3853.39 | -3290.74 |
| Proceeds from sale of Fixed Assets | 38.49 | 92.95 |
| Purchase of Investments | -68.75 | 0 |
| Interest income | 190.97 | 117.46 |
| Net Cash used in investing activities | -3692.68 | -3080.33 |
| CASH FLOW FROM FINANCING ACTIVITIES | ||
| Proceeds/ (Repayment) from Long Term Borrowings (Net) | -4938.8 | -8196.04 |
| Redemption of Preference Shares | -530.43 | -247.87 |
| Proceeds/ (Repayment) from Short Term Borrowings (Net) | -1816.67 | -2094.28 |
| Interest Paid | -3286.65 | -4302.3 |
| Net Cash flow from/(used in) Financing Activities | -10572.56 | -14840.5 |
| Net Increase in cash and cash equivalents | 8.24 | 232.49 |
| Cash and cash equivalents at the beginning of the year | 483.27 | 250.78 |
| Cash and cash equivalents at the end of the year | 491.51 | 483.27 |
Cash Flow from Operating Activities:
1. Net Cash Flow from Operating Activities:
- In 2023, the net cash flow from operating activities amounted to ₹14,273.48 lakhs, indicating positive cash flow from the company 's core business operations.
- In 2022, the net cash flow from operating activities was ₹18,153.31 lakhs.
2. Operating Profit Before Working Capital Changes:
- In 2023, the operating profit before changes in working capital was ₹9,717.76 lakhs.
- In 2022, the operating profit before changes in working capital was ₹34,595.14 lakhs.
3. Adjustments for Changes in Working Capital:
- In 2023, there were significant changes in working capital, with increases in trade receivables and inventories, and a decrease in trade payables and other liabilities.
- In 2022, there were also notable changes in working capital, with decreases in trade and other receivables and inventories, and an increase in trade payables and other liabilities.
Cash Flow from Investing Activities:
1. Net Cash Flow from Investing Activities:
- In 2023, the net cash used in investing activities was -₹3,692.68 lakhs.
- In 2022, the net cash used in investing activities was -₹3,080.33 lakhs.
2. Investing Activities Include:
- Purchase and sale of fixed assets and investments.
- Interest income earned from investments.
Cash Flow from Financing Activities:
1. Net Cash Flow from Financing Activities:
- In 2023, the net cash flow from financing activities was -₹10,572.56 lakhs.
- In 2022, the net cash flow from financing activities was -₹14,840.5 lakhs.
2. Financing Activities Involve:
- Proceeds or repayment from long-term and short-term borrowings.
- Redemption of preference shares.
- Payment of interest on borrowings.
Cash & Cash Equivalents Analysis:
1. Net Increase in Cash and Cash Equivalents:
- In 2023, there was a slight increase of ₹8.24 lakhs in cash and cash equivalents.
- In 2022, there was a more significant increase of ₹232.49 lakhs.
2. Cash and Cash Equivalents at the Beginning and End of the Year:
- The company had ₹483.27 lakhs of cash and cash equivalents at the beginning of 2023, which increased to ₹491.51 lakhs by the end of the year.
- Similarly, in 2022, the company had ₹250.78 lakhs of cash and cash equivalents at the beginning of the year, which increased to ₹483.27 lakhs by the end of the year.
| Particulars | 2023 | 2022 |
| Current Ratio | 1.56 | 1.55 |
| Debt – Equity Ratio | 0.82 | 1 |
| Debt Service Coverage Ratio | 0.81 | 2.44 |
| Return on Equity (ROE) | 0.05 | 0.54 |
| Inventory Turnover | 4.78 | 5.1 |
| Trade receivables turnover ratio | 7.71 | 8.53 |
| Trade payables turnover ratio | 19.75 | 19.98 |
| Net capital turnover ratio | 7.07 | 7.41 |
| Net profit ratio | 1.39 | 10.21 |
| Return on capital employed (ROCE) | 7.38 | 33.12 |
| Return on Investment(ROI): | ||
| Unquoted | -27.31 | 1.92 |
| Quoted | 66.02 | -12.22 |
Insights into the financial health and performance of the company in 2023 and 2022:
1. Current Ratio:
- Explanation: Both years show a current ratio above 1, indicating that the company 's current assets are sufficient to cover its current liabilities. The slight increase from 2022 to 2023 suggests a slight improvement in the company 's liquidity position.
2. Debt – Equity Ratio:
- Explanation: The decrease in the debt-equity ratio from 2022 to 2023 indicates a decrease in the proportion of debt relative to equity in financing the company 's assets. This may suggest improved financial stability or a shift towards more equity financing.
3. Debt Service Coverage Ratio:
- Explanation: The significant decrease in the debt service coverage ratio from 2022 to 2023 suggests a deterioration in the company 's ability to cover its debt obligations from its operating income. This could indicate increased financial risk or a decrease in profitability.
4. Return on Equity (ROE):
- Explanation: The decrease in ROE from 2022 to 2023 indicates a decrease in the company 's profitability relative to its equity. This could be due to various factors such as lower net income or increased equity.
5. Inventory Turnover:
- Explanation: The decrease in inventory turnover from 2022 to 2023 indicates that the company 's inventory is taking longer to sell or turn over. This may suggest issues with inventory management or changes in sales patterns.
6. Trade Receivables Turnover Ratio:
- Explanation: The decrease in the trade receivables turnover ratio from 2022 to 2023 suggests that the company is taking longer to collect payments from its customers. This may indicate issues with credit policies or changes in customer payment behavior.
7. Trade Payables Turnover Ratio:
- Explanation: The slight decrease in the trade payables turnover ratio from 2022 to 2023 indicates that the company is taking slightly longer to pay its suppliers. This could be due to changes in payment terms or supplier relationships.
8. Net Capital Turnover Ratio:
- Explanation: The decrease in the net capital turnover ratio from 2022 to 2023 suggests that the company is generating slightly less revenue per unit of capital employed. This could indicate a decrease in efficiency or changes in the company 's business operations.
9. Net Profit Ratio:
- Explanation: The decrease in the net profit ratio from 2022 to 2023 indicates a decrease in the company 's net profit margin. This could be due to various factors such as increased expenses or decreased revenue.
10. Return on Capital Employed (ROCE):
- Explanation: The decrease in ROCE from 2022 to 2023 indicates a decrease in the company 's profitability relative to its capital employed. This could be due to lower profits or an increase in capital employed.
11. Return on Investment (ROI):
- Explanation: These ratios measure the return on investment for both unquoted and quoted investments. Negative values indicate losses or negative returns, while positive values indicate profits or positive returns. The significant fluctuations between years may indicate changes in the performance of the investments or shifts in investment strategies..
|
Particulars |
2023 |
|
Dividend (final + interim) (In Rs.) |
- |
