| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Asscher Enterprises Limited |
| Particulars | As at 31 March 2023 | As at 31 March 2022 |
| ASSETS | ||
| NON-CURRENT ASSETS | ||
| (a) Property, plant and Equipment | 108.41 | 92.22 |
| (b) Capital Work-in-progress | 1.68 | 3.83 |
| (c) Right to Use Assets | 1.00 | 0.05 |
| (d) Investment property | 8.99 | 9.91 |
| (e) Goodwill on Consolidation | 3.93 | 3.93 |
| (f) Financial Assets | ||
| i) Investments | 396.40 | 0.04 |
| ii) Loans | 5.75 | 7.75 |
| iii) Other Financial assets | 0.58 | 0.26 |
| (g) Investments accounted for using the equity method | 0.21 | 417.73 |
| (h) Deferred Tax Assets(Net) | - | 4.96 |
| (i) Other non-current assets | 0.18 | 0.70 |
| Total non-current assets | 527.13 | 541.36 |
| CURRENT ASSETS | ||
| (a) Financial Assets | ||
| i) Investments | 17.31 | - |
| ii) Trade Receivables | 5.80 | -7.13 |
| iii) Cash and Cash equivalents | 43.14 | 3.55 |
| iv) Bank Balance other than Cash and Cash equivalents | 1.83 | 0.34 |
| v) Other Financial Assets | 0.11 | 1.62 |
| b) Current Tax Assets (Net) | 1.68 | 2.00 |
| c) Other Current Assets | 1.78 | 0.46 |
| Total current assets | 71.65 | 15.11 |
| Asset held for Sale | - | 6.92 |
| TOTAL ASSETS | 598.77 | 563.38 |
| EQUITY AND LIABLITIES EQUITY | ||
| (a) Equity Share Capital | 11.29 | 11.29 |
| (b) Other Equity | 466.30 | 457.15 |
| Equity attributable to equity shareholders of parent company | 477.59 | 468.44 |
| Non controlling interest | 51.83 | 51.55 |
| Total Equity | 529.42 | 519.99 |
| LIABLITIES | ||
| NON CURRENT LIABILITIES | ||
| (a) Financial Liabilities | ||
| i) Lease Liabilities | 0.32 | - |
| ii) Other Financial Liabilities | 3.08 | -2.41 |
| (b) Provisions | 0.36 | 0.56 |
| (c) Deferred Tax Liabilities (Net) | 40.84 | - |
| (d) Other non-current Liabilities | 3.18 | 3.54 |
| Total non-current liabilities | 47.79 | 6.50 |
| CURRENT LIABILTIES | ||
| (a) Financial Liabilities | ||
| i) Borrowings | - | 7.24 |
| ii) Lease Liabilities | -0.69 | 0.06 |
| iii) Trade Payables | -12.21 | -14.58 |
| iv) Other Financial Liabilities | 4.17 | 2.69 |
| (b) Other Current Liabilities | 3.88 | 12.23 |
| (c) Provisions | 0.61 | 0.08 |
| Total current liabilities | 21.57 | 36.89 |
| TOTAL LIABILITIES | 598.77 | 563.38 |
| Total Equity and Libalities | 1,128.19 | 1,083.37 |
|
PARTICULARS |
2023 |
2022 |
|
INCOME |
|
|
|
Revenue from operations |
31.86 |
42.09 |
|
Other Income |
2.61 |
1.21 |
|
TOTAL INCOME |
34.47 |
43.30 |
|
EXPENSES |
|
|
|
Cost of Material Consumed |
2.84 |
4.20 |
|
Purchases of Stock in Trade |
- |
10.60 |
|
Employee Benefits Expense |
5.38 |
7.25 |
|
Finance Cost |
1.82 |
2.05 |
|
Depreciation and amortization expense |
3.40 |
3.39 |
|
Other Expenses |
7.84 |
5.06 |
|
TOTAL EXPENSES |
21.28 |
32.56 |
|
PROFIT BEFORE SHARE OF PROFIT OF AN ASSOCIATES, EXCEPTIONAL ITEMS AND TAX (III -IV) |
13.19 |
10.74 |
|
Share of Profit from Associate companies (Accounted for using equity method) |
13.50 |
154.13 |
|
PROFIT BEFORE EXCEPTIONAL ITEMS AND TAX |
26.69 |
164.87 |
|
Exceptional Item (Refer Note no 4.4) |
|
|
|
a) Adjustment on account of ceasing as an Associate Company |
89.58 |
- |
|
b) Retrenchment Scheme for Workmen |
-0.47 |
-0.88 |
|
c) Volutary Retirement/ Sepration Scheme |
- |
-3.88 |
|
|
89.11 |
-4.76 |
|
PROFIT BEFORE TAX (VII+VIII) |
115.80 |
160.10 |
|
TAX EXPENSES |
- |
- |
|
Current Year Tax |
11.85 |
1.32 |
|
Previous Year Tax |
-0.17 |
-0.03 |
|
Deferred Tax |
29.76 |
1.29 |
|
Total tax Expenses |
41.45 |
2.59 |
|
PROFIT FOR THE YEAR (IX - X) |
74.35 |
157.52 |
|
OTHER COMPREHENSIVE INCOME (OCI) |
- |
- |
|
a) Items that will not be reclassified to profit or loss |
- |
- |
|
i) Net Gain / (Loss) on Fair Valuation of Equity Instruments through OCI |
120.38 |
0.01 |
|
ii) Remeasurement gains/losses on defined benefit plan |
0.32 |
-2.27 |
|
(ii) Income tax effect on above |
-14.02 |
0.06 |
|
b) Items that will be reclassified to profit or loss |
- |
- |
|
i) Exchange differences in translating the financial statements of a foreign operation. |
0.18 |
-0.20 |
|
(ii) Income tax effect on above |
- |
- |
|
TOTAL OTHER COMPREHENSIVE INCOME |
106.86 |
-2.40 |
|
TOTAL COMPREHENSIVE INCOME (XI + XII) |
181.21 |
155.12 |
|
Profit / (Loss) attributable to: |
|
|
|
Equity Shareholders of Parent |
69.12 |
154.91 |
|
Non Controlling Interest |
5.23 |
2.60 |
|
Other Comprehensive Income attributable to: |
|
|
|
Equity Shareholders of Parent |
10,689.87 |
-232.62 |
|
Non Controlling Interest |
-3.84 |
-7.48 |
|
Total Comprehensive Income attributable to: |
|
|
|
Equity Shareholders of Parent |
17,601.97 |
15,258.80 |
|
Non Controlling Interest |
519.36 |
252.81 |
|
Earning per Equity Share(Face Value of Rs 10/- each) |
|
|
|
Basic and Diluted in Rs |
61.24 |
137.24 |
|
Particulars |
31st March 2023 |
31 March 2022 |
|
CASH FLOW FROM OPERATING ACTIVITIES |
|
|
|
Net Profit/ (Loss) Before Tax and share of associate and after exceptional item |
102.30 |
5.98 |
|
Adjustments For: |
|
|
|
Depreciation of Asset |
3.40 |
3.39 |
|
Profit on sale of Investment |
-0.93 |
- |
|
Profit on sale of assets |
-0.08 |
-0.09 |
|
Interest Income |
-0.73 |
-0.37 |
|
Interest Expenses |
1.82 |
2.05 |
|
Provision for Doubtful debts |
- |
0.06 |
|
Foreign currency translation difference |
|
0.20 |
|
Sundry Balance Written Back |
-0.84 |
-0.51 |
|
Dividend Income |
-0.02 |
-0.00 |
|
|
2.62 |
4.72 |
|
Operating profit / (loss) before working capital changes |
104.92 |
10.70 |
|
Adjustments for: |
|
|
|
Decrease /(Increase) in Inventories |
- |
0.07 |
|
Decrease /(Increase) in Trade Receivables |
1.32 |
1.41 |
|
Decrease /(Increase) in Financial Assets |
1.19 |
-1.10 |
|
Decrease /(Increase) in Other Assets |
1.19 |
0.15 |
|
Increase /(Decrease) in Trade Payables |
-1.53 |
7.79 |
|
Increase /(Decrease) in Financial Liabilities |
2.42 |
-0.30 |
|
Increase /(Decrease) in Other Liabilities |
-8.69 |
1.26 |
|
Increase /(Decrease) in Provisions |
0.84 |
-1.86 |
|
Cash generated from/(used in) operations |
101.66 |
18.12 |
|
Direct taxes paid (Net of refunds) |
-11.36 |
-1.99 |
|
Net cash flow from/(used in) operating activity |
90.30 |
16.13 |
|
CASH FLOW FROM INVESTING ACTIVITIES: |
|
|
|
Purchase of PPE and Capital Work in Progress |
-15.53 |
-4.57 |
|
Purchase of Investment |
-65.00 |
-0.01 |
|
Proceeds from sales of PPE |
6.00 |
0.10 |
|
Decrease /(Increase) in Other Bank Balance |
-1.49 |
-0.16 |
|
Interest Received |
0.55 |
0.35 |
|
Proceeds from sale of Investment |
39.38 |
- |
|
Net Cash Used in Investing Activities |
-36.08 |
-4.29 |
|
CASH FLOW FROM FINANCING ACTIVITIES: |
|
|
|
Interest Paid |
-2.01 |
-8.83 |
|
Payment of Lease Liabilities |
-0.49 |
-0.07 |
|
Dividend Income |
0.02 |
0.00 |
|
Proceeds/ (Repayment) from/of borrowing (net) |
-7.24 |
-4.00 |
|
Tax on Buyback of shares |
- |
-0.00 |
|
Interim dividend paid to non controlling interest |
-4.91 |
-0.61 |
|
Net Cash from Financing Activities |
-14.63 |
-13.52 |
|
Net Increase/ (Decrease) in Cash and Cash Equivalents |
39.59 |
-1.67 |
|
Cash and Cash Equivalents at the beginning of the year |
3.55 |
5.23 |
|
Cash and Cash Equivalents at the end of the year |
43.14 |
3.55 |
|
Net Increase/( Decrease) in Cash & Cash Equivalents |
39.59 |
-1.67 |
|
Particulars |
31-Mar-23 |
31-Mar-22 |
|
Current Ratio ** |
454.07% |
12.92% |
|
Debt- Equity Ratio # |
-ve |
3.72% |
|
Debt- Service coverage ratio # |
1398.70% |
31.99% |
|
Return on Equity ratio * |
21.20% |
-ve |
|
Trade Payables Turnover ratio |
-ve |
119.03% |
|
Net Capital Turnover ratio * |
21.20% |
-ve |
|
Net Profit Ratio * |
21.20% |
-ve |
|
Return on Capital Employed ** |
12.44% |
0.32% |
Note:
1 *In case of any negative components in ratio working, the said ratio is considered as Not Applicable. ( N.A.)
2 @ There are no outstanding balance of Trade Receivables and the Company did not hold any Inventory as at the year end and hence no ratio’s were not provided.
3 # During the year, the Company has repaid all its debts.
4 ** In Current year EBIT of the company has improved due to profit on sale of investment and fair valuation of investment in ISMT Limited.
|
Particulars |
2023 |
2022 |
|
Dividend per Share |
- |
- |
|
Retained Earnings (In Rs. Crores) |
255.97 |
33.14 |
Revenue Decline : The revenue in 2023 decreased significantly (by approximately 24.40%) compared to the revenue in 2022. This decline indicates a decrease in the company 's core income from its operations during this period.
Expense Reduction: Total expenses in 2023 were notably reduced (by approximately 34.66%) compared to the expenses in 2022. This reduction suggests cost-saving efforts or efficiency improvements in managing the company 's expenses.
Profitability Improvement: The profit before tax increased significantly (by approximately 27.68%) in 2023 compared to 2022. This indicates improved profitability, potentially due to better operational efficiency or other strategic factors.
Tax Expense Increase: Tax expenses witnessed a substantial increase in 2023 compared to 2022. This could be due to changes in tax regulations or higher taxable income.
Net Profit Decrease: The profit for the year 2023 decreased significantly (by approximately 52.72%) compared to 2022. This signals a decrease in the overall net profit of the company.
Comprehensive Income: Other comprehensive income was recorded in 2023, contributing to the total comprehensive income, which increased (by approximately 16.89%) compared to 2022. This suggests that non-operational gains or losses had an impact on the company 's overall income.
Earnings per Share : Earnings per equity share decreased significantly (by approximately 55.31%) in 2023 compared to 2022. This points to a lower earning potential for each equity share.
