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Kashipur Holdings Annual Reports, Balance Sheet and Financials

Kashipur Holdings Limited (Kashipur Holdings) Return Comparision with Primex 40 Index

Periods 1 Week 1 Month 3 Months 6 Months 1 Year 3 Years All Time
Primex-40
Kashipur Holdings Limited

Kashipur Holdings Limited Balance Sheet (In Lakhs)

PARTICULARS

2023

2022

EQUITY AND LIABILITIES

 

 

(1) Shareholders ' Funds

 

 

(a) Share Capital

2,277.17

3,777.17

(b) Reserves and Surplus

52,741.20

47,081.73

(2) Minority Interest

914.51

897.93

(3) Non-Current Liabilities

 

 

(a) Other Long-term Liabilities

2.54

2.54

(b) Long-term Provisions

63.09

59.31

(c) Deferred Tax Liabilities (Net)

213.85

270.44

(4) Current Liabilities

 

 

(a) Short-term Borrowings

3,403.41

3,160.05

(b) Trade Payables

 

 

-Dues to other than Micro & Small Enterprises

26.93

23.26

(c) Other Current Liabilities

43.22

843.48

(d) Short-term Provisions

57.29

150.48

Total

59,743.21

56,266.39

ASSETS

 

 

(1) Non-current Assets

 

 

(a) Property, Plant and Equipment

 

 

Tangible Assets

249.35

187.5

Intangible Assets - Goodwill on consolidation

805.09

805.09

(b) Non-current Investments

45,199.81

40,943.33

(c) Long-term Loans and Advances

350

370.16

(d) Other non-current assets

24.8

15.79

(2) Current Assets

 

 

(a) Current Investments

3,817.58

2,596.28

(b) Inventories

-

-

(c) Trade Receivables

3.8

31.86

(d) Cash and Bank Balances

83.79

497

(e) Short-term Loans and Advances

8,688.69

10,544.55

(f) Other Current Assets

520.3

274.83

Total

59,743.21

56,266.39

Kashipur Holdings Limited Profit & Loss Statement (In Lakhs)

PARTICULARS

2023

2022

REVENUE

 

 

Revenue from operations

3,091.33

3,228.76

Other income

670.9

918.23

Total Revenue

3,762.23

4,146.99

EXPENSES

 

 

Purchases of Stock-in-trade

1,792.37

2,153.94

Employee benefits expense

203.75

190.95

Finance costs

246.95

265.92

Depreciation and amortization expense

27.19

19.7

Other expenses

719.05

159.9

Total Expenses

2,989.31

2,790.41

Profit before Exceptional Items

772.92

1,356.58

Profit before tax

772.92

1,356.58

Tax Expense:

 

 

- Current Tax

461.99

460.11

- Deferred Tax Charge / (Credit)

-56.59

113.57

- Income Tax adjustments related to earlier years

5.76

-2.28

Profit after tax for the year

361.76

785.18

Profit for the year attributable to minority interest

16.58

55.92

Profit after tax and Minority Interest

345.18

729.26

Share of Profit from Associates:

 

 

India Glycols Ltd

5,424.10

13,014.78

Polylink Polymers (India) Ltd

21.84

34.21

Supreet Vyapaar Private Ltd

3.36

1.46

Profit for the year attributable to parent

5,794.48

13,779.71

Earnings per equity share of Rs. 100/- each:

 

 

Basic

254.46

3,758.67

Diluted

254.46

3,758.67

Kashipur Holdings Limited Consolidated Cash Flow Statement (In Lakhs)

PARTICULARS

2023

2022

Cash flows from operating activities

   

Net Profit/(Loss) Before tax

772.92

1,356.58

Adjustments for:

   

Depreciation and amortization

27.19

19.7

Interest Income

-947.18

-766.29

Provision for diminution in value of investments

259.16

-

Finance costs

246.95

265.92

Net gain on disposal/discard of property, plant and equipment

-

-0.11

(Increase)/decrease in fair value of Investments

-10.25

-494.02

Excess provision / Liabilities no longer required written back

-0.02

-2.76

(Gain)/loss on sale of non current investments, net

-475.17

-

(Gain)/loss on sale of current investments, net

-114.59

-19.55

Old loan payable written back

-

-300

Old interest payable written back

-

-43.2

Operating profit before working capital changes

-240.99

16.27

Adjustment for:

   

(Increase)/Decrease in loans & advances and other assets

1,786.31

-2,749.84

Increase/(Decrease) in trade payables and other liabilities

0.82

-181.53

Increase/(Decrease) in provisions

5.43

-

Cash generated from/(used in) operations

1,551.57

-2,915.10

Interest income received on inter-corporate loans

699.58

686.36

Finance costs paid

-1,034.65

-241.77

Dividend received

890.52

712.41

Direct taxes paid (including TDS)

-471.89

-206.42

Net cash generated fromoperating activities (A)

1,635.15

-1,964.52

CASH FLOW FROM INVESTING ACTIVITIES

   

Payments for property, plant and equipment

-78.58

-25.22

Proceeds from sale of property, plant and equipment

-

0.35

Proceeds/(purchase) from current investments, net

-1,096.45

284.76

Purchase of non current investments

-437.25

-

Proceeds from sale of non current investments

955.55

-

(Increase)\decrease in other bank balances

-0.5

-1

Net cash generated from investing activities (B)

-657.23

258.9

CASH FLOW FROM FINANCING ACTIVITIES:

   

Redemption of 9% Non cumulative redeemable preference shares

-1,500.00

-

Increase/(decrease) in loan against securities from banks

-871.59

-

Proceeds\(Repayment) of short-term unsecured borrowings, net

1,114.96

329.82

Dividend paid on 9% Non-cummulative CCPS

-135

-135

Proceeds from fresh issue of equity shares under rights issue

-

1,953.38

Net Cash generated from/(used in) financing activities (C )

-1,391.63

2,148.20

Net increase/(decrease) in cash and cash equivalents (A+B+C)

-413.71

442.58

Cash and cash equivalents at the beginning of the year

494.69

52.1

Cash and cash equivalents at the end of the year

80.98

494.69

Certainly, here is a summary of the Cash Flow Statement for the years 2023 and 2022:

Cash Flows from Operating Activities (2023)

In 2023, the company reported a net profit before tax of ₹772.92. After accounting for various adjustments, including depreciation and amortization, interest income, provisions for diminution in the value of investments, finance costs, and other factors, the operating profit before working capital changes was -₹240.99. Further adjustments for changes in loans and advances, trade payables, and provisions resulted in cash generated from operations amounting to ₹1,551.57. The company also received interest income on inter-corporate loans, paid finance costs, received dividends, and paid direct taxes, resulting in a net cash generated from operating activities of ₹1,635.15.

Cash Flows from Operating Activities (2022)

In 2022, the company reported a net profit before tax of ₹1,356.58. After adjustments for factors such as depreciation and amortization, interest income, finance costs, and more, the operating profit before working capital changes was ₹16.27. Adjustments for changes in loans and advances, trade payables, and other factors led to cash used in operations of -₹2,915.10. The company received interest income on inter-corporate loans, paid finance costs, received dividends, and paid direct taxes, resulting in a net cash used in operating activities of -₹1,964.52.

Cash Flow from Investing Activities (2023)

In 2023, the company 's investing activities included payments for property, plant and equipment, proceeds from the sale of property, plant and equipment, net proceeds from the purchase and sale of current and non-current investments, and changes in other bank balances. This resulted in a net cash generated from investing activities of -₹657.23.

Cash Flow from Investing Activities (2022)

In 2022, the company 's investing activities involved payments for property, plant and equipment and net proceeds from the purchase and sale of current and non-current investments. This led to a net cash generated from investing activities of ₹258.90.

Cash Flow from Financing Activities (2023)

In 2023, the company 's financing activities included the redemption of non-cumulative redeemable preference shares, changes in loan against securities from banks, net proceeds/repayments of short-term unsecured borrowings, dividend payments on non-cumulative CCPS, and proceeds from a fresh issue of equity shares under a rights issue. This resulted in a net cash used in financing activities of -₹1,391.63.

Cash Flow from Financing Activities (2022)

In 2022, the company 's financing activities included the proceeds from a fresh issue of equity shares under a rights issue. This resulted in a net cash generated from financing activities of ₹2,148.20.

Net Change in Cash and Cash Equivalents

The net increase/(decrease) in cash and cash equivalents for 2023 was -₹413.71, starting the year with ₹494.69 and ending with ₹80.98 in cash and cash equivalents.

For 2022, the net increase/(decrease) in cash and cash equivalents was ₹442.58, starting the year with ₹52.10 and ending with ₹494.69 in cash and cash equivalents.

Below are the Financial Ratios

Ratio

2022-23

2021-22

Current Ratio

2.93

3.32

Debt Equity Ratio

17.06%

7.18%

Return on equity

7.47%

5.65%

Return on Capital Employed

10.70%

9.20%

Here is a summary of the financial and operational metrics for Kashipur Holdings  Limited

1.Current Ratio (2022-23)

 The current ratio for Kashipur Holdings Limited in 2022-23 was 2.93. This indicates that the company had 2.93 times more current assets than current liabilities, reflecting a healthy short-term liquidity position. It suggests that the company was well-equipped to meet its short-term obligations.

2. Current Ratio (2021-22)

 In the previous year, 2021-22, the company had a higher current ratio of 3.32. This suggests even stronger short-term liquidity, with 3.32 times more current assets than current liabilities.

3. Debt Equity Ratio (2022-23)

 The debt equity ratio for 2022-23 was 17.06%. This ratio represents the proportion of debt in the company 's capital structure. A lower debt equity ratio is generally considered favorable, indicating that the company relies more on equity for financing. In this case, the company had relatively low debt compared to its equity.

4. Debt Equity Ratio (2021-22)

In the previous year, 2021-22, the company had a debt equity ratio of 7.18%. This suggests a slightly lower level of debt in the capital structure compared to 2022-23, which may indicate reduced leverage.

5. Return on Equity (ROE) (2022-23)

 The return on equity for 2022-23 was 7.47%. ROE measures the company 's ability to generate profit relative to shareholders ' equity. A higher ROE is generally seen as a positive sign, indicating efficient use of equity.

6. Return on Equity (ROE) (2021-22)

 In the previous year, 2021-22, the company had an ROE of 5.65%. While slightly lower than the following year, this still indicates a decent return on shareholders ' equity.

7. Return on Capital Employed (ROCE) (2022-23)

 The return on capital employed for 2022-23 was 10.70%. ROCE measures the profitability of the company 's capital investments. A higher ROCE suggests more efficient use of capital.

8. Return on Capital Employed (ROCE) (2021-22)

In the previous year, 2021-22, the company had an ROCE of 9.20%. This suggests a slightly lower but still respectable return on capital employed.

Annual Report

Kashipur Holdings Ltd Annual Report 2022-23

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