| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Indofil Industries Limited |
|
PARTICULAR |
31st March 2023 |
31st March 2022 |
|
Assets |
|
|
|
Non-current liabilities |
|
|
|
Property, plant and equipment |
574.15 |
601.61 |
|
Capital work-in-progress |
32.92 |
11.95 |
|
Goodwill arising on consolidation |
13.69 |
9.56 |
|
Right-of-use assets |
19.05 |
20.86 |
|
Other intangible assets |
124.25 |
135.96 |
|
Intangible assets under development |
116.7 |
107.12 |
|
Financial assets |
|
|
|
Investment in Joint venture |
150.07 |
99.02 |
|
Other Investments |
1222.96 |
687.75 |
|
Loans |
0.19 |
0.15 |
|
Other financial assets |
9.28 |
10.56 |
|
Deferred tax assets (net) |
12 |
10.14 |
|
Income tax assets |
20.47 |
22.97 |
|
Other non-current assets |
5.47 |
8.07 |
|
Total non-current assets |
2301.2 |
1725.72 |
|
Current assets |
|
|
|
Inventories |
688.9 |
641.32 |
|
Financial assets |
|
|
|
Investments |
90.98 |
112.72 |
|
Trade receivables |
758.01 |
784.71 |
|
Cash and cash equivalents |
140.51 |
390.82 |
|
Other bank balances |
91.04 |
129.03 |
|
Loans |
0.07 |
0.07 |
|
Other financial assets |
2.62 |
6.18 |
|
Other current assets |
57.91 |
53.56 |
|
Total current assets |
1830.04 |
2118.41 |
|
Assets classified as held for sale |
1.32 |
0.36 |
|
TOTAL ASSETS |
4132.56 |
3844.49 |
|
EQUITY AND LIABILITIES |
|
|
|
Equity |
|
|
|
Equity share capital |
21.35 |
21.35 |
|
Other equity |
2895.8 |
2199.51 |
|
Equity attributable to owners of the Parent company |
2917.15 |
2220.86 |
|
Non-controlling interests |
0.38 |
1.99 |
|
Total equity |
2917.53 |
2222.85 |
|
Liabilities |
|
|
|
Non-current liabilities |
|
|
|
Borrowings |
116.28 |
175.76 |
|
Lease liabilities |
- |
0.68 |
|
Other financial liabilities |
16.7 |
14.74 |
|
Deferred tax liabilities (net) |
107.47 |
25.61 |
|
Provisions |
15.1 |
17.47 |
|
Total non-current liabilities |
255.55 |
234.26 |
|
Current liabilities |
|
|
|
Borrowings |
442.71 |
502.95 |
|
Trade payables |
|
|
|
Total outstanding dues of micro enterprises and small enterprises; and |
26.38 |
5.81 |
|
Total outstanding dues of creditors other than micro enterprises and small enterprises |
412.54 |
812.69 |
|
Lease liabilities |
0.63 |
1.57 |
|
Other financial liabilities |
|
|
|
Other current liabilities |
13.3 |
7.91 |
|
Provisions |
54.65 |
51.73 |
|
Current tax liabilities (net) |
9.27 |
3.31 |
|
Total current liabilities |
959.48 |
1387.38 |
|
Total liabilities |
1215.03 |
1621.63 |
|
TOTAL EQUITY AND LIABILITIES |
4132.56 |
3844.49 |
|
PARTICULAR |
31st March 2023 |
31st March 2022 |
|
INCOME |
|
|
|
Revenue from operations |
3036.92 |
2,795.09 |
|
Other income |
48.82 |
75.03 |
|
Total income |
3085.74 |
2,870.12 |
|
EXPENSES |
|
|
|
Cost of materials consumed |
1686.64 |
1,666.85 |
|
Purchase of stock-in-trade |
236.6 |
234.09 |
|
Changes in inventories of finished goods, work-in-progress and stock-in trade |
17.9 |
-261.92 |
|
Employee benefits expense |
202.52 |
219.04 |
|
Finance costs |
46.07 |
45.23 |
|
Depreciation and amortization expenses |
86.84 |
89.87 |
|
Other expenses |
514.39 |
580.55 |
|
Total Expenses |
2790.96 |
2,573.72 |
|
Profit before exceptional items and tax |
294.78 |
296.41 |
|
Exceptional items |
10.32 |
- |
|
Profit before tax |
284.46 |
296.41 |
|
Tax expense |
|
|
|
Current tax |
81.62 |
96.36 |
|
Deferred tax (credit)/charge |
10.51 |
-8.07 |
|
Tax in respect earlier years |
5.03 |
1.08 |
|
Total Tax expense |
97.16 |
89.36 |
|
Profit after tax for the year |
187.3 |
207.04 |
|
Share of profit of joint ventures |
59.79 |
13.33 |
|
Income tax on above items |
-5.95 |
-1.55 |
|
Profit for the year |
241.14 |
218.82 |
|
Other comprehensive income |
|
|
|
A. Items that will not be reclassified to profit or loss |
|
|
|
Re-measurement gains/ (losses) on defined benefit obligation |
-4.47 |
-1.46 |
|
Fair Value changes of investments in equity instruments |
518.29 |
63.5 |
|
Income tax on above items |
-60.57 |
-11.74 |
|
Total (A) |
453.25 |
50.3 |
|
B. Items that will be reclassified to profit or loss |
|
|
|
The effective portion of gains on hedging instruments in a cash flow hedge |
0.32 |
17.18 |
|
Foreign Currency Translation Reserve (FCTR) |
4.44 |
19.08 |
|
Income Tax on above items |
-0.08 |
-18.21 |
|
Total (B) |
4.68 |
18.05 |
|
Total other comprehensive income/(loss) for the year |
457.93 |
68.35 |
|
Total comprehensive income for the year |
699.07 |
287.17 |
|
Earnings per equity share of nominal value 10 each- basic and diluted |
112.94 |
102.49 |
|
PARTICULAR |
31st March 2023 |
31st March 2022 |
|
A Cash Flow from operating activities: |
|
|
|
Profit before exceptional items and tax |
294.78 |
296.41 |
|
Add / (Less):- Adjustments for non-cash / non-operating items: |
|
|
|
Depreciation and amortisation expenses |
86.84 |
89.87 |
|
Finance costs |
46.07 |
45.23 |
|
Interest income |
-10.07 |
-7.54 |
|
Dividend income |
-18.33 |
-24.49 |
|
Bad debts written off |
0.29 |
- |
|
Profit on sale of current investments |
-2.42 |
-3.39 |
|
Profit on sale of investments in a joint venture |
- |
-0.76 |
|
Credit balances/unclaimed liabilities/provisions written back |
-7.65 |
-11.24 |
|
Loss / (Profit) on disposal/discard of property, plant and equipment (net) |
2.32 |
-5.63 |
|
Loss arising from financial instruments designated as fair value through profit or loss |
2.89 |
17.18 |
|
Provision for doubtful debts, advances and security deposits |
6.61 |
4.17 |
|
Guarantee commission |
-0.34 |
-0.44 |
|
Intangible asset under development written off |
1.47 |
- |
|
Unrealized foreign exchange (gain) / loss |
7.26 |
-9.57 |
|
Total of Adjustments for non-cash / non-operating items: |
114.94 |
93.39 |
|
Operating profit before changes in working capital |
409.72 |
389.8 |
|
Adjustment for changes in working capital |
|
|
|
Increase in inventories |
-47.57 |
-284.92 |
|
(Increase) / decrease in trade receivables |
26.18 |
-9.29 |
|
Increase in other financial assets |
-0.08 |
-3.95 |
|
(Increase)/ decrease in loans |
-0.03 |
0.02 |
|
(Increase)/ decrease in other current and non-current assets |
-5.71 |
55.61 |
|
Increase / (decrease) in trade payables |
-371.37 |
323.12 |
|
Increase/ (decrease) in other financial liabilities |
2 |
-1.74 |
|
Increase/ (decrease) in other current and non-current liabilities |
3.17 |
-15.79 |
|
Decrease in current and non-current provisions |
-0.89 |
-0.1 |
|
Total of Adjustments for working capital |
-394.3 |
62.94 |
|
Cash generated from operations |
15.42 |
452.74 |
|
Less: Taxes paid (net of refund received) |
-82.57 |
-55.52 |
|
Net cash generated from / (used in) operating activities |
-67.15 |
397.22 |
|
B Cash flow from investing activities: |
|
|
|
Payment for purchases of property, plant and equipment and intangible assets (including capital work in progress and intangible assets under development and capital advances, capital creditors) |
-85.69 |
-72.73 |
|
Proceeds from sale of property, plant and equipment and |
0.81 |
25.06 |
|
right-of-use assets |
|
|
|
Proceeds from investment in equity of a joint venture |
- |
17.96 |
|
Proceeds from sale of investment in preference shares |
- |
2.5 |
|
Proceeds from non-current investment |
1.7 |
6.4 |
|
Purchase of non-current investment |
-17.61 |
-6.93 |
|
Interest received |
11.7 |
6.89 |
|
Proceeds / (purchases) from current investments (net) |
25.15 |
-58.23 |
|
Bank deposits not considered as cash and cash equivalents |
37.99 |
-44 |
|
Dividend income |
27.07 |
24.49 |
|
Net cash generated from / (used in) investing activities |
1.12 |
-98.56 |
|
C Cash flow from financing activities: |
|
|
|
Repayment of non-current borrowings |
-90.67 |
-8.83 |
|
Repayment of current borrowings (net) |
-41.03 |
-77.24 |
|
Proceeds of non-current borrowings |
1.97 |
- |
|
Finance costs paid |
-44.31 |
-44.26 |
|
Payment of principal portion of the lease liabilities |
-1.57 |
-2.28 |
|
Payment of interest portion of the lease liabilities |
-0.13 |
-0.33 |
|
Dividend paid |
-8.54 |
-18.02 |
|
Net cash used in financing activities |
-184.28 |
-150.96 |
|
Net increase/(decrease) in cash and cash equivalents (A+B+C) |
-250.31 |
147.7 |
|
Add: Cash and cash equivalents at the beginning of the year |
390.82 |
243.12 |
|
Cash and cash equivalents at the end of the year |
140.51 |
390.82 |
|
Cash and cash equivalent includes |
|
|
|
Cash on hand |
0.12 |
0.1 |
|
Bank balance |
|
|
|
-In current account |
140.39 |
278.63 |
|
-In deposit account |
- |
112.09 |
|
Total |
140.51 |
390.82 |
Let 's break down the Cash Flow Statement for the years 2023, 2022, and 2021, activity-wise:
Operating Activities: In 2023, the company experienced a significant shift in operating cash flow, with a notable decrease from 397.22 to -67.15 compared to 2022. The operating profit before changes in working capital showed a positive trend, increasing from 389.8 to 409.72. However, changes in working capital, particularly a decrease in trade payables and an increase in inventories, had a substantial impact on cash flow.
Investing Activities: The company 's investing activities showed improvement in 2023, with a shift from -98.56 to 1.12 compared to 2022. While payments for property, plant, equipment, and intangible assets increased, proceeds from the sale of assets and investments contributed positively to the overall cash flow from investing activities.
Financing Activities: Financing activities in 2023 saw an increase in net cash used, rising from -150.96 in 2022 to -184.28. Repayments of both non-current and current borrowings were major contributors to the negative cash flow. Although dividend payments decreased, the overall financing activities had a greater impact on cash position.
Overall Summary: The net increase/(decrease) in cash and cash equivalents for 2023 was -250.31, a notable drop from the positive 147.7 in 2022. The cash balance at the end of 2023 decreased to 140.51, with the majority held in the current account. These trends highlight the need for careful management of working capital components, monitoring of borrowing activities, and strategic decision-making to maintain a healthy cash position.
|
PARTICULAR |
2023 |
2022 |
|
Debt service coverage ratio(In times) |
2.81 |
2.03 |
|
Net capital turnover (in times) |
3.58 |
4.16 |
|
Current Ratio (in times) |
1.88 |
0.42 |
|
Debt/Equity Ratio (in times) |
0.31 |
0.42 |
|
Return on equity ratio (%) |
11.51% |
11.80% |
|
Net profit margin (%) |
6.69% |
6.58% |
|
Return on capital employed (%) |
10.09% |
9.92% |
|
Debtor’s turnover (In days) |
108 |
114 |
|
Payables turnover (In days) |
117 |
138 |
|
Inventory turnover (In days) |
102 |
86 |
The financial ratios of Indofil Industries provide insight into the company 's financial performance and position For March 31, 2023
Debt Service Coverage Ratio (DSCR): Improved from 2.03 to 2.81, signaling enhanced ability to cover debt obligations.
Net Capital Turnover: Decreased from 4.16 to 3.58, suggesting a potential decline in capital efficiency.
Current Ratio: Significant improvement from 0.42 to 1.88, indicating better short-term liquidity.
Debt/Equity Ratio: Reduced from 0.42 to 0.31, signaling lower reliance on debt for financing.
Return on Equity (ROE): Slightly decreased from 11.80% to 11.51%, still within a reasonable range.
Net Profit Margin: Slight increase from 6.58% to 6.69%, showing improved profitability.
Return on Capital Employed (ROCE): Slight increase from 9.92% to 10.09%, indicating improved capital utilization.
Debtors Turnover (In Days): Slightly improved from 114 to 108 days, suggesting faster receivables collection.
Payables Turnover (In Days): Improved from 138 to 117 days, indicating quicker payment to suppliers.
Inventory Turnover (In Days): Increased from 86 to 102 days, a slight concern suggesting a need for efficient inventory management.
|
Particulars |
2023 |
2022 |
|
Dividend (final + interim) (In Rs.) |
10 |
4 |
|
Retained Earnings (In Rs. Crores) |
1,609.20 |
1400.85 |
