Godavari Biorefineries Annual Report | Balance Sheet for FY 2021-22

Godavari Biorefineries Limited (Godavari Bio) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Godavari Biorefineries Limited

Godavari Biorefineries Limited Balance Sheet (Rs. in Lakhs)

PARTICULARS	2021	2020	2019
ASSETS
Non-Current Assets
Property, Plant, and Equipment	70,718.02	73,421.67	69,424.83
Capital Work-in-Progress	865.32	1,668.73	6,739.87
Right-of-use	43.73	45.03	-
Intangible Assets	20.33	28.88	36.96
Investments accounted for using the equity method	4.71	4.71	4.71
Financial Assets	-	-	-
Investments	0.01	0.01	0.01
Trade Receivables	170.79	123.09	-
Other Financial Assets	372.52	413.92	374.73
Deferred Tax Asset (Net)	-	1,566.25	1,484.07
Other Non-Current Assets	1,704.03	1,733.93	1,108.30
Total	73,899.46	79,006.22	79,173.48
Current Assets
Inventories	42,365.61	38,283.44	56,933.16
Financial Assets
Trade Receivables	16,915.46	12,570.41	14,699.88
Cash and Cash Equivalents	789.70	577.26	524.91
Bank Balances Other than (ii) above	4,176.72	3,828.22	3,458.35
Other Financial Assets	3,277.36	6,337.84	4,217.74
Other Current Assets	2,745.88	2,845.08	5,120.20
Total Current Assets	70,270.73	64,442.25	84,954.24
TOTAL ASSETS	1,44,170.19	1,43,448.47	1,64,127.72
EQUITY AND LIABILITIES
Equity
Equity Share capital	4,194.30	4,194.30	3,837.59
Other Equity	41,197.86	38,518.82	32,047.51
Total	45,392.16	42,713.12	35,885.10
Liabilities
Non-Current Liabilities
Financial Liabilities:
Borrowings	33,248.92	12,318.27	13,512.58
Lease Liabilities	34.73	35.61	-
Other Financial Liabilities	7.18	7.19	7.19
Provisions	169.38	154.65	143.04
Deferred Tax liabilities (Net)	79.13	-	-
Other Non-Current Liabilities	261.86	1,140.03	578.06
Total	33,801.20	13,655.75	14,240.87
Current Liabilities
Financial Liabilities:
Borrowings	16,880.28	44,469.78	64,343.40
Lease Liabilities	13.85	13.42	-
Trade Payables:
Micro, Small, and Medium Enterprises	486.62	231.29	186.21
Others	37,638.80	35,824.49	42,719.04
Other Financial Liabilities	8,839.22	5,109.45	5,648.51
Other Current Liabilities	745.40	1,000.04	630.68
Provisions	372.66	431.13	460.10
Current Tax Liabilities (Net)	-	-	13.81
Total Current Liabilities	64,976.83	87,079.60	1,14,001.74
TOTAL LIABILITIES	1,44,170.19	1,43,448.47	1,64,127.71

Godavari Biorefineries Limited Profit & Loss Statement (Rs. in Lakhs)

Particular	2021	2020	2019
REVENUE
Revenue from operations (net)	1,53,817.29	1,45,914.88	155,222.92
Other income	821.12	1,364.69	1,409.84
Total Revenue	1,54,638.41	1,47,279.57	156,632.76
EXPENSES
Cost of materials consumed	1,08,342.49	88,004.90	105,078.66
Purchases of stock-in-trade	1,150.51	962.74	1,269.66
Changes in inventories of finished goods, work-in-process and Stock-in-Trade	(3,769.40)	18,215.78	6,027.10
Employee benefits expense	8,549.10	8,428.19	8,139.72
Finance costs	7,237.58	6,873.45	8,987.55
Depreciation and amortization expense	4,712.99	4,494.92	4,983.00
Other expenses	23,782.77	19,970.49	21,508.97
Total Expenses	1,50,006.04	1,46,950.47	1,55,994.66
Profit/ (Loss) before tax	4,632.37	329.10	638.10
Tax expense:
Current tax	33.40	10.36	13.88
Adjustment of tax relating to earlier periods	216.76	-	-
Deferred tax	1,666.71	(87.55)	69.93
Profit/ (Loss) for the period	2,715.50	406.29	554.29
OTHER COMPREHENSIVE INCOME
Other Comprehensive income is not to be reclassified to profit and loss account in subsequent periods:
Remeasurement of gains (losses) on defined benefit plans	(68.38)	19.16	(49.36)
Income tax effect	21.33	(5.98)	15.40
Other Comprehensive income is to be reclassified to profit and loss statement in subsequent periods:
Exchange differences in translating the financial statements of a foreign operation	10.58	(10.48)	(35.85)
Other Comprehensive Income for the year, net of tax	(36.47)	2.70	(69.81)
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD, NET OF TAX	2,679.03	408.99	484.48
Earnings per share for profit attributable to equity shareholders
Earnings per share (Basic)	6.47	1.00	1.46
Earnings per share (Diluted)	6.47	1.00	1.46

Godavari Biorefineries Cash Flow Statement for the last three years (Rs. in Crore)

Particulars	31st March 2022	31st March 2021	31st March 2020
Cash Flow Summary
Cash and Cash Equivalents at Beginning of the year	0.7	0.27	0.87
Net Cash from Operating Activities	40.43	128.82	239.54
Net Profit before Tax & Extraordinary Items	29.12	43.39	1.65
Depreciation	47.5	46.73	44.68
Interest (Net)	57.99	69.45	65.12
P/L on Sales of Assets	0.53	-1.16	-3.86
P/L on Sales of Invest	0.03	0	0
Prov. & W/O (Net)	4.76	9.47	-3.67
P/L in Forex	-8.58	-2.46	-3.6
Others	-2.98	-2.81	-0.3
Total Adjustments (PBT & Extraordinary Items)	99.25	119.22	98.37
Op. Profit before Working Capital Changes	128.37	162.62	100.02
Trade & 0th receivables	-12.49	-41.49	23.19
Inventories	-228.85	-44.03	185.74
Trade Payables	197.6	19.82	-63.48
Others	-43.22	32.18	-5.7
Total (OP before Working Capital Changes)	-86.96	-33.53	139.75
Cash Generated from/(used in) Operations	41.42	129.09	239.77
Direct Taxes Paid	-0.98	-0.27	-0.23
Total-others	-0.98	-0.27	-0.23
Cash Flow before Extraordinary Items	40.43	128.82	239.54
Net Cash Used in Investing Activities	-46.53	-8.49	-27.81
Purchased of Fixed Assets	-50.37	-12.27	-35.23
Sale of Fixed Assets	1	1.51	5.02
Sale of Investments	0.02	0	0
Interest Received	2.82	2.27	2.4
Net Cash Used in Financing Activities	6.93	-119.89	-211.33
Proceeds from Issue of shares (incl share premium)	0	0	64.21
Proceed from 0ther Long Term Borrowings	57.64	243.93	99.66
Proceed from Bank Borrowings	0	0	0
Proceed from Short Term Borrowings	88.91	0	0
On Redemption of Debenture	0	0	-65
Of the Long Tem Borrowings	-75.35	-15.6	-14.22
Of the short term Borrowings	0	-268.99	-201.47
Of financial Liabilities	0	-0.1	-0.08
Interest Paid	-64.26	-79.13	-94.43
Net Inc/(Dec) in Cash and Cash Equivalent	0.84	0.44	0.4
Cash and Cash Equivalents at End of the year	1.54	0.7	1.27

Summary of Cash Flow Statement for Godavari Biorefineries

Cash Flow from Operating Activities:

This section reflects the cash generated or used in the company 's core operations. It includes cash inflows from operating activities such as sales, receipts from customers, and interest received. It also takes into account cash outflows like payments to suppliers, employees, and taxes.
In 2022, the company generated Rs. 40.43 Crore from operating activities.
In 2021, the cash flow from operating activities was Rs. 128.82 Crore.
In 2020, it amounted to Rs. 239.54 Crore.

Cash Flow from Investing Activities:

This section focuses on the company 's investments in assets and investments in other companies. It includes cash inflows from the sale of fixed assets, investments, and interest received from investments. On the other hand, it considers cash outflows from the purchase of fixed assets and investments.
In 2022, the company used Rs. 46.53 Crore in investing activities.
In 2021, the cash flow from investing activities amounted to Rs. -8.49 Crore.
In 2020, it was Rs. -27.81 Crore.

Cash Flow from Financing Activities:

This section reflects the company 's financing activities, including raising capital, repaying loans, and paying dividends. It includes cash inflows from issuing shares, borrowings, and long-term borrowings. Cash outflows are represented by payments for interest, loans, and other financial liabilities.
In 2022, the company had a net cash inflow of Rs. 6.93 Crore from financing activities.
In 2021, the cash flow from financing activities was Rs. -119.89 Crore.
In 2020, it amounted to Rs. -211.33 Crore.

Funds Flow Statement of Godavari Biorefineries Limited (Rs. In crore)

Particulars	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18
Sources of funds
Cash profit	57.52	70.75	47.21	49.95	26.33
Increase in equity	0	0	3.56	0.74	0.69
Increase in other networth	0	0	60.76	15.53	10.27
Increase in loan funds	68.1	0	0	0	31.49
Decrease in working capital	0	0	120.82	145.65	0
Total Inflow	125.62	70.75	232.35	211.87	68.78
Application of funds
Decrease in networth	0.12	0.47	0	0	0
Decrease in loan funds	0	28.37	197.75	153.23	0
Increase in gross block	42.53	11.38	34.53	58.26	28.98
Increase in investments	0.02	0.08	0.07	0.09	7.03
Increase in working capital	82.95	30.45	0	0	32.77
Total Outflow	125.62	70.75	232.35	211.87	68.78

Godavari Biorefineries Dividend History

Particulars	2021	2020	2019
Dividend	Nil	Nil	Nil
Retained Earnings	12,912.04	10,503.09	10,238.72

Godavari Biorefineries Limited Recent Performance

Revenue from operations increased from Rs. 1,45,914.88 Lakh in FY 2020 to Rs. 1,53,817.29 Lakh in FY 2021, showing a growth of 5.41% as compared to the previous financial year. Finance Cost has increased from Rs. 6,873.45 Lakh in FY 2020 to Rs. 7,237.58 Lakh in FY 2021 showing a growth of 5.29% as compared to the previous financial year.
In FY 2021, Company’s Net profit stood at Rs. 2,715.50 Lakh as against to net profit of Rs. 406.29 Lakh in FY 2020 showing a growth of 668% as compared to the previous financial year.
The Current Ratio of the company as of 31st March 2021 was 1.08.
The debt-to-equity ratio of the company as of 31st March 2021 was 3.17.
In the Financial Year 2020-21, the company has not paid dividends.

Godavari Biorefineries Annual Reports, Balance Sheet and Financials

Godavari Biorefineries Limited (Godavari Bio) Return Comparision with Primex 40 Index

Godavari Biorefineries Limited Balance Sheet (Rs. in Lakhs)

Godavari Biorefineries Limited Profit & Loss Statement (Rs. in Lakhs)

Godavari Biorefineries Cash Flow Statement for the last three years (Rs. in Crore)

Funds Flow Statement of Godavari Biorefineries Limited (Rs. In crore)

Godavari Biorefineries Dividend History

Godavari Biorefineries Limited Recent Performance

Annual Report

Godavari Biorefineries Annual Report 2019-20

Godavari Biorefineries Annual Report 2021-22

Godavari Biorefineries Annual Report 2020-21