| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| J K Cotton Limited |
|
PARTICULARS |
31st March 2023 |
31st March 2022 |
|
ASSETS |
|
|
|
Non-Current Assets: |
|
|
|
Property, Plant and Equipment |
32.65 |
30.61 |
|
Other Intangible Assets |
0.04 |
0.01 |
|
Capital Work in Progress |
0.62 |
2.25 |
|
Goodwill on Consolidation |
7.42 |
7.42 |
|
Investments |
36.97 |
- |
|
Other Financial Assets |
4.72 |
0.76 |
|
Total Non-Current assets |
82.42 |
41.04 |
|
Current Assets: |
|
|
|
Inventories |
136.73 |
165.65 |
|
Trade Receivables |
0.48 |
0.50 |
|
Investments |
|
|
|
Cash and Cash Equivalents |
35.86 |
27.91 |
|
Bank Balances |
47.50 |
37.11 |
|
Loans |
4.00 |
- |
|
Other Financial Assets |
2.52 |
10.83 |
|
Other Current Assets |
10.17 |
14.13 |
|
Total Current assets |
237.26 |
256.13 |
|
Total Assets |
319.68 |
297.17 |
|
EQUITY AND LIABILITIES |
|
|
|
Equity: |
|
|
|
Equity Share Capital |
48.33 |
48.33 |
|
Other Equity |
144.20 |
122.13 |
|
Total Equity |
192.53 |
170.46 |
|
Liabilities: |
|
|
|
Non-Current Liabilities: |
|
|
|
Borrowings |
0.64 |
0.31 |
|
Deferred Tax Liabilities (Net) |
0.28 |
0.32 |
|
Other Non-Current Liabilities |
2.08 |
2.19 |
|
Provisions |
0.48 |
0.40 |
|
Current Liabilities: |
3.49 |
3.22 |
|
Borrowings |
0.17 |
0.08 |
|
Trade Payables |
3.24 |
10.76 |
|
Other Financial Liabilities |
44.89 |
39.41 |
|
Other Current Liabilities |
73.40 |
72.37 |
|
Provisions |
0.31 |
0.31 |
|
Current Tax Liability (Net) |
1.64 |
0.57 |
|
Total Current Liabilities |
123.66 |
123.50 |
|
Total EQUITY AND LIABILITIES |
319.68 |
297.17 |
|
PARTICULARS |
31st March 2023 |
31st March 2022 |
|
INCOME: |
|
|
|
Revenue from Operations |
132.40 |
125.11 |
|
Other Income |
11.46 |
14.64 |
|
Total Income |
143.86 |
139.74 |
|
EXPENSES: |
|
|
|
Cost Of Construction and Development Expenses |
27.16 |
27.02 |
|
Changes in Inventories of Finished Goods, Stock-in-Trade |
|
|
|
and Work-in-Progress |
28.92 |
33.23 |
|
Employee Benefits Expense |
5.05 |
4.24 |
|
Finance Costs |
1.77 |
1.25 |
|
Depreciation and Amortization Expense |
1.55 |
1.11 |
|
Other Expenses |
49.07 |
20.87 |
|
Total Expenses |
113.52 |
87.72 |
|
PROFIT BEFORE SHARE OF PROFIT/(LOSS) OF ASSOCIATE, EXCEPTIONAL ITEMS AND TAX |
30.34 |
52.03 |
|
Share of Profit/(Loss) in Associate |
-0.03 |
- |
|
PROFIT BEFORE TAX AND EXCEPTIONAL ITEMS: |
30.31 |
52.03 |
|
Exceptional items |
26.27 |
22.21 |
|
PROFIT BEFORE TAX: |
56.58 |
74.24 |
|
Tax Expense: |
|
|
|
Current tax |
8.30 |
10.81 |
|
Deferred Tax |
-0.04 |
0.07 |
|
Income Tax of Earlier Years |
- |
0.65 |
|
PROFIT FOR THE YEAR FROM CONTINUING OPERATIONS |
48.32 |
62.70 |
|
Loss for the year from Discontinued Operations |
0.00 |
0.00 |
|
PROFIT FOR THE YEAR |
48.32 |
62.70 |
|
Items that will not be reclassified to Profit or Loss: |
|
|
|
Re- measurement of defined benefits plan |
0.02 |
0.10 |
|
Income Tax Relating to above item |
0.01 |
- |
|
Total Other Comprehensive Income |
0.02 |
0.10 |
|
TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
48.34 |
62.80 |
|
Earning per Equity Share of Rs.10/- each in Rs. : |
|
|
|
- Basic & Diluted (for continuing operations) |
10 |
17.55 |
|
- Basic & Diluted (for continuing & discontinued operations) |
10.00 |
17.55 |
|
PARTICULARS |
31st March 2023 |
31st March 2022 |
|
Cash flow from operating Activities |
|
|
|
Profit/(Loss) before Tax including loss from discontinued operations |
56.58 |
74.24 |
|
Adjustments for: |
|
|
|
Adjustment of Capital Reserve |
-26.27 |
-22.21 |
|
Depreciation and amortization |
1.55 |
1.11 |
|
OCI adjustment |
0.02 |
0.10 |
|
Loss on Sale of Property, plant & equipment |
- |
0.01 |
|
Finance Cost |
1.77 |
1.25 |
|
Profit on Sale of Property, plant & equipment |
-0.34 |
-9.14 |
|
Dividend Income |
-0.01 |
- |
|
Interest income |
-4.29 |
-1.56 |
|
Operating Profit before Working Capital Changes |
29.02 |
43.79 |
|
(Increase)/Decrease in Inventories |
28.92 |
33.23 |
|
(Increase)/Decrease in Trade receivables |
0.03 |
-0.50 |
|
(Increase)/Decrease in Other financial assets |
2.19 |
-0.43 |
|
(Increase)/Decrease in Other assets |
3.96 |
-11.75 |
|
Increase/(Decrease) in Trade Payables |
-7.52 |
-5.32 |
|
Increase/(Decrease) in Other financial liabilities |
11.31 |
1.41 |
|
Increase/(Decrease) in other liabilities |
0.92 |
-44.66 |
|
Increase/(Decrease) in provisions |
0.09 |
-0.08 |
|
Net Cash Flow from Operations |
68.90 |
15.69 |
|
Income Tax Paid |
-7.23 |
-9.96 |
|
Net Cash from Operating Activities (A) |
61.68 |
5.73 |
|
Cash used in Investing Activities |
|
|
|
Movement in Fixed Deposit |
-10.40 |
12.61 |
|
Movement in NBFCs Deposit |
2.59 |
1.57 |
|
Purchase of Property, plant & equipment |
-1.37 |
-2.37 |
|
Investment in CWIP |
-0.62 |
-1.63 |
|
Adjustment on account of first-time consolidation of Subsidiary |
- |
-21.26 |
|
Purchase of Investments |
-36.97 |
0.00 |
|
Change in Goodwill on consolidation |
- |
-7.42 |
|
Dividend Income |
0.01 |
- |
|
Interest Income |
3.87 |
2.11 |
|
Loans given to related party |
-4.00 |
- |
|
Sale of Property, plant & equipment |
0.34 |
9.15 |
|
Net Cash used in Investing Activities (B) |
-46.56 |
-7.23 |
|
Cash Flow from Financing Activities |
|
|
|
Proceeds from issue of Share Capital (including premium) |
- |
66.84 |
|
Redemption of Preference Share Capital |
- |
-43.82 |
|
Proceeds from Borrowings (Net) |
0.43 |
0.39 |
|
Interest paid |
-7.59 |
-0.33 |
|
Net Cash used in Financing Activities (C) |
-7.17 |
23.08 |
|
Net Increase/(Decrease) in Cash &Cash equivalents |
7.96 |
21.58 |
|
Opening Balance of Cash & Cash equivalents |
27.91 |
6.33 |
|
Closing Balance of Cash & Cash equivalents |
35.86 |
27.91 |
Let 's break down the Cash Flow Statement for the year ended 31st March 2023.
Year 2023:
Operating Activities
In the fiscal year ending on March 31, 2023, the company reported a Profit before Tax of 56.58. Adjustments included the Adjustment of Capital Reserve, Depreciation and amortization, OCI adjustment, Finance Cost, Profit/Loss on Sale of Property, and Dividend and Interest Income. The Operating Profit before Working Capital Changes stood at 29.02. Changes in working capital contributed to a Net Cash Flow from Operations of 68.90. After accounting for Income Tax Paid, the Net Cash From Operating Activities for the year amounted to 61.68.
Investing Activities
The cash used in investing activities involved movements in Fixed Deposits, NBFCs Deposits, purchases of Property, Plant & Equipment, investments in CWIP, first-time consolidation adjustments, purchases of Investments, changes in Goodwill on consolidation, and other financial activities. The Net Cash used in Investing Activities was -46.56.
Financing Activities
In terms of financing, the company reported no proceeds from the issue of Share Capital but had redemption of Preference Share Capital. There were minimal proceeds from borrowings, and interest paid. The Net Cash used in Financing Activities amounted to -7.17.
The Net Increase/(Decrease) in Cash & Cash equivalents for 2023 was a positive 7.96. Starting with an opening balance of 27.91, the closing balance of Cash & Cash equivalents for the year was 35.86.
Year 2022:
Operating Activities
In the fiscal year ending on March 31, 2022, the company reported a Profit before Tax of 74.24. Adjustments were similar to the current year. The Operating Profit before Working Capital Changes stood at 43.79. Changes in working capital contributed to a Net Cash Flow from Operations of 15.69. After accounting for Income Tax Paid, the Net Cash from Operating Activities for the year amounted to 5.73.
Investing Activities
The cash used in investing activities involved movements in Fixed Deposits, NBFCs Deposits, purchases of Property, Plant & Equipment, investments in CWIP, first-time consolidation adjustments, purchases of Investments, changes in Goodwill on consolidation, and other financial activities. The Net Cash used in Investing Activities was -7.23.
Financing Activities
In terms of financing, the company reported proceeds from the issue of Share Capital (including premium) and redemption of Preference Share Capital. There were minimal proceeds from borrowings and interest paid. The Net Cash used in Financing Activities amounted to 23.08.
The Net Increase/(Decrease) in Cash & Cash equivalents for 2022 was a positive 21.58. Starting with an opening balance of 6.33, the closing balance of Cash & Cash equivalents for the year was 27.91.
Financial ratio for J. K. Cotton Limited for the year ended 31st March 2023
|
Particulars |
2022-2023 |
2021-2022 |
|
Current Ratio |
1.92 |
2.07 |
|
Debt Service Coverage Ratio |
1.67 |
1.02 |
|
Return on equity ratio |
0.27 |
0.54 |
|
Inventory Turnover Ratio |
0.88 |
0.69 |
|
Trade Receivable Turnover Ratio |
5.85 |
6.39 |
|
Net Capital Turnover Ratio |
1.17 |
0.94 |
|
Net Profit Ratio |
0.36 |
0.5 |
|
Return on Capital Employed |
0.3 |
0.43 |
Current Ratio (1.92): The current ratio of 1.92 indicates that the company has more than sufficient current assets to cover its short-term liabilities. This suggests a healthy liquidity position, which can be crucial for meeting immediate financial obligations.
Debt Service Coverage Ratio (1.67): A debt service coverage ratio of 1.67 implies that the company 's operating income is more than sufficient to cover its debt obligations. This is a positive indicator of the company 's ability to service its debt, providing a measure of financial stability.
Return on Equity Ratio (0.27): The return on equity ratio of 0.27 reflects the company 's ability to generate profit from shareholders ' equity. While positive, it may indicate a moderate return on investment for shareholders compared to the previous year.
Inventory Turnover Ratio (0.88): The inventory turnover ratio of 0.88 suggests a moderate efficiency in managing and selling inventory. A higher ratio may indicate a quicker turnover, and this aspect may warrant attention for potential improvement.
Trade Receivable Turnover Ratio (5.85): The trade receivable turnover ratio of 5.85 indicates that the company is collecting receivables approximately 5.85 times during the year. A higher ratio is generally favorable, suggesting efficient management of receivables.
Net Capital Turnover Ratio (1.17): The net capital turnover ratio of 1.17 signifies the company 's ability to generate revenue from its capital employed. An increase from the previous year suggests improved efficiency in capital utilization.
Net Profit Ratio (0.36): The net profit ratio of 0.36 indicates that the company is able to retain 36% of its revenue as net profit, which is a positive aspect. It provides insights into the company 's profitability after all expenses and taxes.
Return on Capital Employed (0.3): The return on capital employed (ROCE) of 0.3 represents the company 's ability to generate profit from its total capital. While positive, the management may consider strategies to further enhance this ratio.
Overall, the financial ratios for the year 2022-2023 reflect a generally sound financial position, with strengths in liquidity, debt coverage, and profitability. However, areas such as inventory turnover and return on equity could be areas for management consideration for potential improvement. It 's essential to analyze these ratios in the context of industry benchmarks and the company 's specific goals and strategies
|
Particulars |
2022-23 |
2021-22 |
|
Dividend per Share |
- |
- |
|
Retained Earnings (In Rs. Crores) |
41.09 |
-6.12 |
