| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Guindy Machine Tools Limited |
|
Particulars |
2021 |
2020 |
|
EQUITY AND LIABILITIES |
||
|
Shareholder 's Funds |
||
|
Share Capital |
369,180,601.00 |
36,318,060.00 |
|
Reserves and Surplus |
337,450,042.00 |
335,559,489.00 |
|
Non-Current Liabilities |
||
|
Deferred tax- (Liability) |
461,412.00 |
523,465.00 |
|
Current Liabilities |
||
|
Short-term borrwoings |
620,000.00 |
545,000.00 |
|
Trade payables |
17,240,647.00 |
9,233,319.00 |
|
Other current liabilities |
18,284,644.00 |
18,677,680.00 |
|
Short-term provisions |
44,956,391.00 |
31,796,433.00 |
|
Total |
455,331,196.00 |
432,653,446.00 |
|
ASSETS |
||
|
Non-Current Assets |
||
|
Fixed assets |
||
|
Tangible assets |
69,209,251.00 |
79,910,137.00 |
|
Capital work-in-progress |
405,000.00 |
|
|
Deferred tax assests (net) |
15,840,457.00 |
14,725,516.00 |
|
Long term loans and advances |
1,999,232.00 |
1,941,297.00 |
|
Current Assets |
||
|
Current investments |
10,882,271.00 |
|
|
Inventories |
93,366,084.00 |
78,265,713.00 |
|
Trade receivables |
18,672,767.00 |
18,279,038.00 |
|
Cash and cash equivalents |
230,193,018.00 |
217,614,692.00 |
|
Short-term loans and advances |
14,763,116.00 |
21,917,053.00 |
|
Total |
455,331,196.00 |
432,653,446.00 |
|
Particulars |
2021 |
2020 |
|
Revenue from operations |
254,132,027.00 |
311,434,179.00 |
|
Less: Duties & Taxes |
38,166,300.00 |
47,117,054.00 |
|
Net Revenue from Operations |
215,965,727.00 |
264,317,125.00 |
|
Other income |
13,106,345.00 |
14,255,925.00 |
|
Total |
229,072,072.00 |
278,573,050.00 |
|
Expenses |
||
|
Cost of Material and Tools consumed |
48,710,703.00 |
46,438,306.00 |
|
Changes in invesntories of finished goods, work-in-progress and Stock-in-Trade |
(15,124,092.00) |
1,797,532.00 |
|
Employee benefit expenses |
108,845,527.00 |
127,170,523.00 |
|
Financial Costs |
349,265.00 |
456,750.00 |
|
Depreciation and amortization expenses |
11,939,490.00 |
13,504,082.00 |
|
Other expenses |
59,731,458.00 |
67,442,618.00 |
|
Total Expenses |
214,452,351.00 |
21,763,239.00 |
|
Profit before exceptional and extraordinary items and tax |
14,619,721.00 |
21,763,239.00 |
|
Profit before extraordinary items and tax |
14,619,721.00 |
2,176,239.00 |
|
Profit before tax |
14,619,721.00 |
21,763,239.00 |
|
Tax expenses |
||
|
Current tax |
6,000,000.00 |
7,800,000.00 |
|
Prior-period Short Provision of Tax (Net) |
642,550.00 |
132,823.00 |
|
Deferred tax (Assets) |
(1,176,994.00) |
524,642.00 |
|
Profit/(Loss) from the period from continuing operations |
6,800,177.00 |
14,355,058.00 |
|
Profit/(Loss) for the period |
6,800,177.00 |
14,355,058.00 |
|
Earning per equity share |
||
|
Basic |
1.87 |
3.95 |
|
Particulars |
2021 |
2020 |
|
Cash Flows from Operating Activities |
||
|
Net income before Taxation and Extraordinary Items |
14,619,721.00 |
21,763,239.00 |
|
Adjustments for: |
||
|
Income Tax |
(6,642,550.00) |
(7,932,823.00) |
|
Depreciation |
11,939,490.00 |
13,504,082.00 |
|
Interest Income |
(12,523,780.00) |
13,770,274.00 |
|
Profit/(Loss) from Sale of Assets |
(43,715.00) |
(166,793.00) |
|
Interest Expenses |
176,217.00 |
13,352.00 |
|
Operating profit before working capital changes |
7,525,383.00 |
13,410,783.00 |
|
(Increase)/Decrease in Trade Receivables |
(393,729.00) |
1,650,548.00 |
|
(Increase)/Decrease in Inventory |
(15,100,371.00) |
6,881,734.00 |
|
Increase/(Decrease) in Trade Payables |
8,007,328.00 |
(15,731,101.00) |
|
Changes in other Current Assets |
7,153,937.00 |
8,294,093.00 |
|
Changes in other Current Liabilities |
(12,841,922.00) |
(36,690,142.00) |
|
Changes in other Non-Current Assets |
(57,935.00) |
(194,977.00) |
|
Cash Generated from Operations |
19,976,535.00 |
(22,379,062.00) |
|
Net Cash from Operating Activities |
19,976,535.00 |
(22,379,062.00) |
|
Cash Flows from Investing Activities |
||
|
Purchase of Fixed Assets |
(1,684,634.00) |
(8,823,570.00) |
|
Proceeds from Sale of Fixed Assets |
84,745.00 |
169,492.00 |
|
Proceeds from Sale of Investments |
||
|
Investments in Fixed Deposits |
(6,586,630.00) |
2,253,995.00 |
|
Investmenst in Mutual Funds |
(10,882,271.00) |
|
|
Interest received |
12,523,780.00 |
13,770,274.00 |
|
Net Cash from /(used in) Investing Activities |
(6,545,010.00) |
7,370,191.00 |
|
Cash Flows from Financing Activities |
||
|
Dividends & Interim Dividends paid |
(7,263,612.00) |
(6,556,758.00) |
|
Interest paid |
176,217.00 |
13,353.00 |
|
Net Cash from/ (Used in) Financing Activities |
(7,439,829.00) |
(6,570,110.00) |
|
Net increase in cash and cash equivalents |
5,991,696.00 |
(21,578,981.00) |
|
Cash and cash equivalents at beginning of the period |
17,666,500.00 |
39,245,481.00 |
|
Cash and cash equivalents at the end of the period |
23,658,196.00 |
17,666,500.00 |
In 2021, the company reported a net income before taxation and extraordinary items of INR 14,619,721 lakhs, compared to INR 21,763,239 lakhs in 2020. The operating profit before working capital changes decreased from INR 13,410,783 lakhs in 2020 to INR 7,525,383 lakhs in 2021.
Operating Activities:
1. Net Income Before Taxation: The company 's net income before taxation and extraordinary items decreased from the previous year.
2. Adjustments for Income Tax: Income tax adjustments show a decrease of INR 1,290,273 lakhs in 2021 compared to 2020.
3. Depreciation: Depreciation decreased from INR 13,504,082 lakhs in 2020 to INR 11,939,490 lakhs in 2021.
4. Interest Income: There was a significant decrease in interest income, from INR 13,770,274 lakhs in 2020 to a loss of INR 12,523,780 lakhs in 2021.
5. Profit/(Loss) from Sale of Assets: The company reported a loss from the sale of assets in both years.
6. Interest Expenses: Interest expenses increased from INR 13,352 lakhs in 2020 to INR 176,217 lakhs in 2021.
7. Operating Profit Before Working Capital Changes: A substantial decrease in operating profit before working capital changes was observed.
Working Capital Changes:
1. Trade Receivables: A decrease of INR 393,729 lakhs in trade receivables in 2021, compared to an increase in 2020.
2. Inventory: Inventory decreased significantly by INR 15,100,371 lakhs in 2021, whereas it increased in 2020.
3. Trade Payables: An increase of INR 8,007,328 lakhs in trade payables in 2021, compared to a decrease in 2020.
4. Other Current Assets: Positive changes of INR 7,153,937 lakhs in 2021, compared to INR 8,294,093 lakhs in 2020.
5. Other Current Liabilities: A decrease of INR 12,841,922 lakhs in 2021, compared to a substantial decrease in 2020.
6. Other Non-Current Assets: Changes in other non-current assets resulted in a decrease of INR 57,935 lakhs in 2021.
Cash Flow Summary:
1. Cash Generated from Operations: INR 19,976,535 lakhs in 2021, which is a positive change from the negative cash flow of INR 22,379,062 lakhs in 2020.
2. Investing Activities: Net cash used in investing activities was INR 6,545,010 lakhs in 2021, compared to a positive cash flow of INR 7,370,191 lakhs in 2020.
3. Financing Activities: Net cash used in financing activities increased from INR 6,570,110 lakhs in 2020 to INR 7,439,829 lakhs in 2021.
4. Net Increase in Cash and Cash Equivalents: A positive change of INR 5,991,696 lakhs in 2021, contrasting with a decrease of INR 21,578,981 lakhs in 2020.
5. Cash and Cash Equivalents at the End of the Period: INR 23,658,196 lakhs in 2021, compared to INR 17,666,500 lakhs at the beginning of the period.
|
Ratios |
2021 |
|
EBITDA |
-35.71 % |
|
Net worth |
0.51 % |
|
Debt/Equity Ratio |
0.05 |
|
Return on Equity |
1.82% |
|
Total Assets |
5.37 % |
|
Fixed Assets |
-12.88 % |
|
Current Assets |
9.46 % |
|
Current Liabilities |
34.60 % |
|
Trade Receivables |
2.15 % |
|
Trade Payables |
86.72 % |
|
Current Ratio |
4.54 |
In 2021, the company 's financial ratios present a diverse picture across various dimensions, reflecting both strengths and areas for improvement.
EBITDA Margin:
- EBITDA margin stands at -35.71%, indicating a negative EBITDA relative to revenue.
Net Worth Ratio:
- The net worth ratio is 0.51%, suggesting a relatively low proportion of net assets in comparison to total assets.
Debt/Equity Ratio
- The Debt/Equity Ratio is 0.05, signaling a conservative financial structure with low levels of debt in relation to equity. This implies lower financial risk and a potential ability to meet long-term obligations comfortably.
Return on Equity (ROE):
- ROE is reported at 1.82%, indicating a modest return on shareholders ' equity. While positive, it suggests room for improvement in maximizing returns for equity investors.
Total Assets and Fixed Assets Ratios:
- Total Assets increased by 5.37%, indicating overall growth in the company 's asset base. However, the Fixed Assets ratio shows a decrease of -12.88%, signaling a potential reduction in long-term investment in fixed assets. Further investigation is needed to understand the reasons behind this decrease.
Current Assets and Current Liabilities Ratios:
- Current Assets increased by 9.46%, possibly due to improved liquidity or increased short-term investments. In contrast, Current Liabilities surged by 34.60%, potentially indicating increased short-term obligations. Careful management of these obligations is essential to maintain liquidity.
Trade Receivables and Trade Payables Ratios:
- The Trade Receivables ratio is at 2.15%, indicating a moderate level of outstanding receivables. On the other hand, the Trade Payables ratio is notably higher at 86.72%, suggesting a significant reliance on trade credit. While this can positively impact cash flow, careful management of payables is crucial to avoid strained supplier relationships.
Current Ratio:
- The Current Ratio, calculated as current assets divided by current liabilities, is at 4.54. This signifies a strong liquidity position, indicating that the company has more than enough short-term assets to cover its short-term liabilities.
