| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| JCK Infrastructure Development Limited |
|
Particulars |
2023 |
2022 |
|
A ASSETS |
|
|
|
Non-Current Assets |
|
|
|
(a) Property, Plant and Equipment |
363.73 |
343.54 |
|
(b) Lease hold Improvement |
16.35 |
- |
|
(c) Right to use of Assets |
302.9 |
- |
|
(d) Capital Work-in-progress |
220.34 |
105.43 |
|
(e) Financial Assets |
|
|
|
(i) Investments |
609.92 |
555.21 |
|
(ii) Trade Receivables |
1.35 |
1.35 |
|
(iii) Loans and Advances |
33.47 |
26.52 |
|
(f) Deferred Tax Assets (Net) |
8.71 |
7.43 |
|
(g) Other Non-Current Assets |
- |
- |
|
Total Non Current Assets |
1556.78 |
1039.47 |
|
Current Assets |
|
|
|
(a) Inventories |
- |
- |
|
(b) Financial Assets |
|
|
|
(i) Trade Receivables |
876.49 |
772.86 |
|
(ii) Cash and Cash Equivalents |
160 |
130.24 |
|
(iii) Bank Balance Other Than (ii) Above |
0.66 |
0.66 |
|
(iv) Loans and Advances |
629.64 |
136.87 |
|
(v) Other Financial Assets |
387.37 |
348.38 |
|
(c) Current Tax Assets (Net) |
1.53 |
34.76 |
|
(d) Other Current Assets |
64.82 |
49.91 |
|
Total Current Assets |
2120.51 |
1473.68 |
|
TOTAL ASSETS |
3677.28 |
2513.15 |
|
B EQUITY AND LIABILITIES |
|
|
|
Equity |
|
|
|
(a) Equity Share capital |
416.67 |
416.67 |
|
(b) Other Equity |
968.25 |
513.34 |
|
Total Equity |
1384.92 |
930.01 |
|
LIABILITIES |
|
|
|
Non-Current Liabilities |
|
|
|
(a) Financial Liabilities |
|
|
|
(i) Borrowings |
70.07 |
14.35 |
|
(ii) Lease Liabilities |
303.46 |
- |
|
(b) Other Non-Current Liabilities |
5.06 |
114.18 |
|
(c ) Deferred Tax Liabilities |
- |
- |
|
Total Non-Current Liabilities |
378.59 |
128.53 |
|
Current Liabilities |
|
|
|
(a) Financial Liabilities |
|
|
|
(i) Borrowings |
356.46 |
290.54 |
|
(ii) Lease Liabilities |
8.5 |
- |
|
(iii) Trade Payables |
- |
- |
|
- Total Outstanding dues of Micro enterprises and Small enterprises |
|
|
|
- Total outstanding dues other than Micro Enterprises and Small Enterprises |
42.9 |
48.81 |
|
(b) Other Current Liabilities |
943.2 |
633.13 |
|
(c) Provisions |
562.7 |
482.12 |
|
Total Current Liabilities |
1913.76 |
1454.61 |
|
Total Equity and Liabilities |
3677.28 |
2513.15 |
|
Particulars |
2023 |
2022 |
|
(I) INCOME |
|
|
|
Revenue From Operations |
652.44 |
673.35 |
|
Other Income |
774.53 |
27.29 |
|
Total Income (I) |
1426.97 |
700.64 |
|
(II) EXPENSES |
|
|
|
Cost of Land & Development Charges |
258.67 |
293.98 |
|
Purchase |
- |
- |
|
Changes in Stock In Trade-Finished Goods |
- |
- |
|
Employee Benefits Expenses |
180.16 |
173.68 |
|
Depreciation and Amortization Expenses |
63.86 |
27.07 |
|
Finance Costs |
89.9 |
28.44 |
|
Other Expenses |
262.52 |
134.44 |
|
Total Expenses (II) |
855.12 |
657.61 |
|
Profit/(Loss) Before Tax (III) [(I)- (II)] |
571.85 |
43.03 |
|
Exceptional Items Net Gain / (Loss) |
- |
- |
|
Profit/(loss) before tax |
571.85 |
43.03 |
|
Tax Expense: |
|
|
|
(1) Current Tax |
118.23 |
14.16 |
|
(2) Tax Expenses- Prior Period |
- |
1.8 |
|
(3) Deferred Tax |
-1.29 |
-3.09 |
|
Total Tax Expenses |
116.95 |
12.88 |
|
Profit / (Loss) for the year (A) |
454.91 |
30.15 |
|
Other Comprehensive Income (OCI) |
|
|
|
Items that will not be reclassified to profit or loss |
|
|
|
Remeasurement of Defined Benefit Plan |
- |
- |
|
Income Tax relating to above |
- |
- |
|
Other Comprehensive Income for the year, Net of Tax |
- |
- |
|
Other Comprehensive Income for the period |
|
|
|
Total Comprehensive Income for the year |
454.91 |
30.15 |
|
(Comprising Profit (Loss) and Other Comprehensive Income for the period) |
|
|
|
Earnings per equity share (Per Value) |
|
|
|
(1) Basic |
10.92 |
0.72 |
|
(2) Diluted |
10.92 |
0.72 |
|
(Comprising Profit (Loss) and Other Comprehensive Income for the period) |
|
|
|
Earnings per equity share (Per Value) |
|
|
|
(1) Basic |
10.92 |
0.72 |
|
(2) Diluted |
10.92 |
0.72 |
|
Particulars |
2023 |
2022 |
|
A CASH FLOW FROM OPERATING ACTIVITIES |
|
|
|
Net Profit/(Loss) before taxation, and extraordinary item |
571.85 |
43.03 |
|
Adjustments for reconcile Profit (Loss): |
|
|
|
Adjustments for decrease (increase) in Inventories |
- |
13.96 |
|
Adjustments for decrease (increase) in Trade Receivables, Current |
-103.64 |
-332.96 |
|
Adjustments for decrease (increase) in Other Current Assets |
-14.91 |
-2.74 |
|
Adjustments for decrease (increase) in Other Non Current Assets |
- |
1.25 |
|
Adjustments for Other Financial Assets, Current |
-38.99 |
-14.58 |
|
Adjustments for increase (decrease) in Trade Payables, Current |
-5.91 |
0 |
|
Adjustments for increase (decrease) in other Current Liabilities |
-310.06 |
21.13 |
|
Adjustments for increase (decrease) in other Non Current Liabilities |
-109.12 |
1 |
|
Adjustment for Depreciation and Amortisation Expenses |
63.86 |
27.07 |
|
Adjustments for Provisions, Current |
80.58 |
194 |
|
Adjustments for Tax Assets |
33.23 |
- |
|
Adjustment for Lease Liability Current |
8.5 |
- |
|
Adjustment for Lease Liability Non Current |
303.46 |
- |
|
Adjustments for Loans & Advances |
-499.72 |
-14.74 |
|
Total adjustments for reconcile Profit (Loss) |
|
|
|
Interest paid |
89.9 |
28.44 |
|
Interest Income |
-23.72 |
-22.43 |
|
Income Taxes paid (refund) |
-118.23 |
-15.97 |
|
Net Cash from Operating Activities ( A ) |
547.22 |
-73.54 |
|
B CASH FLOW FROM INVESTING ACTIVITES |
|
|
|
Purchase of Property Plant and Equipment |
-403.3 |
41.04 |
|
Changes in Capital Work in Progress(others) |
-114.91 |
-62.02 |
|
Interest Received |
23.72 |
22.43 |
|
Investment in Securities |
-54.71 |
49.18 |
|
Net Cash from Investing Activites ( B ) |
-549.2 |
50.63 |
|
C CASH FLOW FROM FINANCING ACTIVITES |
|
|
|
Proceeds from Borrowings |
121.64 |
15.05 |
|
Interest Paid |
-89.9 |
-28.44 |
|
Net Cash from Financing Activites ( C ) |
31.74 |
-13.39 |
|
Net Increase (decrease) in Cash and Cash Equivalents (A + B + C) |
29.76 |
-36.28 |
|
Cash and Cash Equivalents at Beginning of Year |
130.9 |
167.2 |
|
Cash and Cash Equivalents at End of Year |
160.66 |
130.9 |
Here is a summary of the Cash Flow Statement for the years 2023 and 2022:
A. Cash Flow from Operating Activities:
1. Net Profit Before Taxation:
In 2023, the company reported a robust net profit before taxation of ₹571.85 million, marking a substantial increase from the previous year 's figure of ₹43.03 million. This significant improvement indicates enhanced operational efficiency and profitability.
2. Adjustments for Reconciliation of Profit/Loss:
Inventory Management:
In 2023, there were no adjustments for changes in inventories, implying a stable inventory management strategy.
In contrast, in 2022, there was a decrease in inventories leading to an adjustment of ₹13.96 million, reflecting potential fluctuations in demand or supply chain dynamics.
Trade Receivables:
The company experienced a decrease in trade receivables in 2023, resulting in a positive adjustment of ₹103.64 million. This suggests efficient management of accounts receivable and timely collection of outstanding dues.
In 2022, there was a more significant decrease in trade receivables, leading to a higher positive adjustment of ₹332.96 million.
Other Current Assets:
Adjustments for other current assets increased from ₹2.74 million in 2022 to ₹14.91 million in 2023. This could indicate changes in the composition of current assets or adjustments in valuation methods.
Other Non-Current Assets:
There were no adjustments for other non-current assets in 2023, compared to a positive adjustment of ₹1.25 million in 2022. This suggests a stable non-current asset base during the year.
Other Financial Assets:
Adjustments for other financial assets increased from ₹14.58 million in 2022 to ₹38.99 million in 2023. This may reflect changes in the company 's investment portfolio or financial instruments.
Trade Payables and Other Liabilities:
Adjustments for trade payables, current liabilities, and non-current liabilities varied between the two years, reflecting changes in the company 's financial obligations and working capital management.
Depreciation, Provisions, Tax Assets, and Lease Liabilities:
Adjustments for depreciation, provisions, tax assets, and lease liabilities indicate the impact of non-cash expenses and financial obligations on cash flow from operating activities.
3. Total Adjustments for Reconciliation of Profit/Loss:
The cumulative effect of all adjustments resulted in a substantial increase in net cash from operating activities in 2023 compared to 2022.
4. Interest Paid, Interest Income, and Income Taxes:
The company paid higher interest expenses in 2023 compared to 2022, reflecting changes in financing activities or debt servicing obligations.
Interest income remained relatively stable between the two years.
Income tax payments/refunds also varied, indicating fluctuations in taxable income or tax planning strategies.
5. Net Cash from Operating Activities (A):
Despite the adjustments, the company generated significant positive cash flow from operating activities in 2023, indicating strong operational performance and effective management of working capital.
B. Cash Flow from Investing Activities:
The company made substantial investments in property, plant, and equipment (PP&E) in 2023, resulting in a negative cash flow from investing activities. This suggests capital expenditure for growth or modernization initiatives.
Changes in capital work in progress and investments in securities also influenced the cash flow from investing activities.
C. Cash Flow from Financing Activities:
The company raised funds through borrowings in 2023, contributing to positive cash flow from financing activities.
Interest payments and other financing activities impacted the overall cash flow position.
Overall Analysis:
The company experienced a notable improvement in cash flow from operating activities in 2023 compared to the previous year, driven by higher profitability and effective management of working capital.
Capital expenditure and financing activities also influenced the overall cash flow position, reflecting the company 's investment and financing strategies.
The positive net increase in cash and cash equivalents at the end of the year indicates improved liquidity and financial stability.
|
Ratio |
2023 |
2022 |
|
Current Ratio |
1.27 |
3.02 |
|
Debt Equity Ratio |
0.5 |
0.94 |
|
Debt service coverage ratio |
79.8 |
0.36 |
|
Return on equity |
0.04 |
0.13 |
|
Trade receivables turnover ratio |
0.79 |
1.11 |
|
Trade payables turnover ratio |
5.6 |
4 |
|
Net capital turnover ratio |
3.16 |
1.74 |
|
Net profit ratio |
69.72 |
4.48 |
|
Return on capital employed |
0.27 |
0.01 |
|
Return on investment |
52.19% |
0.07% |
Summary of Financial Ratios for the years 2023 and 2022:
1. Current Ratio:
2023: 1.27
2022: 3.02
Analysis: The current ratio measures the company 's ability to cover short-term liabilities with its short-term assets. A higher ratio is generally preferable as it indicates a stronger liquidity position. The current ratio has decreased from 2022 to 2023, suggesting a relative decrease in liquidity or an increase in short-term liabilities.
2. Debt Equity Ratio:
2023: 0.5
2022: 0.94
Analysis: The debt-equity ratio indicates the proportion of debt and equity used to finance the company 's assets. A lower ratio implies less reliance on debt financing, which is generally favorable for financial stability. The company has reduced its debt-equity ratio from 2022 to 2023, indicating a decrease in debt relative to equity.
3. Debt Service Coverage Ratio:
2023: 79.8
2022: 0.36
Analysis: The debt service coverage ratio measures the company 's ability to cover its debt obligations with its operating income. A higher ratio suggests better capacity to service debt. The significant increase from 2022 to 2023 indicates a substantial improvement in the company 's ability to meet its debt obligations.
4. Return on Equity:
2023: 0.04 (4%)
2022: 0.13 (13%)
Analysis: Return on equity measures the company 's profitability relative to shareholders ' equity. A higher ratio indicates more efficient utilization of equity to generate profits. The decrease from 2022 to 2023 suggests a lower profitability relative to shareholders ' equity.
5. Trade Receivables Turnover Ratio:
2023: 0.79
2022: 1.11
Analysis: This ratio measures how efficiently the company collects payments from its customers. A higher ratio indicates faster turnover of receivables, which is generally favorable. The decrease from 2022 to 2023 suggests a slower turnover of trade receivables.
6. Trade Payables Turnover Ratio:
2023: 5.6
2022: 4
Analysis: The trade payables turnover ratio measures how quickly the company pays its suppliers. A higher ratio indicates a shorter period of time taken to settle payables. The increase from 2022 to 2023 suggests a faster turnover of trade payables.
7. Net Capital Turnover Ratio:
2023: 3.16
2022: 1.74
Analysis: This ratio measures the efficiency of capital utilization in generating sales revenue. A higher ratio indicates more efficient utilization of capital. The increase from 2022 to 2023 suggests improved efficiency in generating sales revenue relative to the capital employed.
8. Net Profit Ratio:
2023: 69.72%
2022: 4.48%
Analysis: The net profit ratio measures the company 's net profit as a percentage of its total revenue. A higher ratio indicates better profitability. The significant increase from 2022 to 2023 suggests a substantial improvement in profitability relative to total revenue.
9. Return on Capital Employed (ROCE):
2023: 0.27 (27%)
2022: 0.01 (1%)
Analysis: ROCE measures the efficiency of capital utilization in generating profits. A higher ratio indicates more efficient utilization of capital. The increase from 2022 to 2023 indicates a significant improvement in capital efficiency.
10. Return on Investment (ROI):
2023: 52.19%
2022: 0.07%
Analysis: ROI measures the return on investment relative to the cost of the investment. The substantial increase from 2022 to 2023 indicates a significant improvement in the return on investment.
Overall, the financial ratios for 2023 show improvements in liquidity, debt management, profitability, efficiency, and return on investment compared to 2022, indicating overall better financial performance and management.
