| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Kesoram Textile Mills Limited |
|
Particulars |
2023 |
2022 |
|
ASSETS |
||
|
Non-current assets |
||
|
(a) Property, plant and equipment |
29849 |
51.09 |
|
(b) Financial assets |
||
|
(i) Other financial asset |
45.61 |
40.67 |
|
(c) Other non-current assets |
0.02 |
0.02 |
|
Total non-current assets |
29894 |
91.78 |
|
Current assets |
||
|
(a) Financial assets |
||
|
(i) Cash and cash equivalents |
0.7 |
5.08 |
|
(ii) Other bank balances |
199.95 |
123.54 |
|
(iii) Other financial assets |
21200 |
20519 |
|
(b) Other current assets |
386.13 |
254.18 |
|
Total current assets |
21787 |
20902 |
|
Total assets |
51681 |
20994 |
|
EQUITY AND LIABILITIES |
||
|
Equity |
||
|
(a) Equity share capital |
1045.6 |
1045.6 |
|
(b) Other equity |
20213 |
-1683 |
|
Total equity |
21258 |
-637.5 |
|
Liabilities |
||
|
(1) Non-current liabilities |
||
|
(a) Financial liabilities |
||
|
(i) Other financial liabilities |
501.84 |
452.1 |
|
(b) Provisions |
92.48 |
94.6 |
|
(c) Deferred tax liabilities (net) |
6933 |
|
|
(d) Other non-current liabilities |
124.59 |
181.51 |
|
Total non-current liabilities |
7651.9 |
728.21 |
|
(2) Current liabilities |
||
|
(a) Financial liabilities |
||
|
(i) Borrowings |
4706.3 |
3507.6 |
|
(iii) Other financial liabilities |
17942 |
17277 |
|
(b) Provisions |
9.46 |
9.33 |
|
(c) Other current liabilities |
113.07 |
109.62 |
|
Total current liabilities |
22771 |
20903 |
|
Total liabilities |
30423 |
21631 |
|
Total equity and liabilities |
51681 |
20994 |
|
Particulars |
2023 |
2022 |
|
I Other Income |
3,537.32 |
1,577.19 |
|
II Total income |
3,537.32 |
1,577.19 |
|
III Expenses: |
||
|
(a) Employee benefit expenses |
22.08 |
23.23 |
|
(b) Depreciation and amortisation expense |
1.07 |
1.02 |
|
(c) Finance costs |
4,372.10 |
1,123.23 |
|
(d) Other expenses |
123.92 |
466.37 |
|
Total expenses |
4,519.17 |
1,613.85 |
|
IV Profit/(Loss) before tax (II - III) |
(981.85) |
(36.66) |
|
V Income Tax Expense |
||
|
(2) Income tax expenses of prior years |
0.02 |
|
|
(3) Deferred tax / (credit) |
(3.10) |
|
|
Income Tax Expense |
3.08 |
|
|
VI Profit/(Loss) for the year (IV - V) |
(978.77) |
(36.66) |
|
VII Other comprehensive income |
||
|
Items that will not be reclassified to profit or loss: |
||
|
Remeasurement of post-employment benefit obligations |
12.25 |
29.09 |
|
Revaluation of Land |
29,798.52 |
|
|
Less: Deferred Tax |
(6,936.10) |
|
|
Total other comprehensive income/(loss) |
22,874.67 |
29.09 |
|
VIII Total comprehensive income/(loss) for the year (VI + VII) |
21,895.90 |
(7.57) |
|
IX Earnings per share 20 |
||
|
Basic |
(1.87) |
(0.07) |
|
Diluted |
(1.87) |
(0.07) |
|
Particulars |
2023 |
2022 |
|
A. Cash Flow From Operating Activities |
||
|
Net Profit/(Loss) before tax |
(981.85) |
(36.66) |
|
Adjustments for: |
||
|
Depreciation and amortisation |
1.07 |
1.02 |
|
Finance costs |
4,322.37 |
1,123.23 |
|
Liabilities/Provision no longer required written back |
(0.25) |
(14.20) |
|
Interest income |
(3,383.30) |
(14,720.91) |
|
Operating profit/(loss) before working capital changes |
(41.96) |
(347.52) |
|
Working Capital Adjustments |
||
|
Increase / (decrease) in other financial assets |
1,383.41 |
(1,391.41) |
|
(Increase) / decrease in financial and other liabilities and provisions |
7.13 |
2,587.46 |
|
Cash Generated from Operations |
||
|
Taxes paid (net of refunds) |
(143.18) |
|
|
Net cash generated/(used) in operating activities |
1,205.40 |
848.53 |
|
B. Cash Flow from Investing Activities: |
||
|
Purchase of fixed assets |
(0.20) |
(0.52) |
|
Other bank balances (net) |
(76.41) |
|
|
Interest received |
1,323.83 |
39.41 |
|
Net cash generated/(used) in investing activities |
1,247.22 |
38.89 |
|
C. Cash Flow from Financing Activities |
||
|
Borrowings |
928.00 |
240.08 |
|
Finance cost paid |
(3,385.00) |
(1,123.23) |
|
Net cash generated from financing activities |
(2,457.00) |
(883.15) |
|
Net (decrease)/increase in cash and cash equivalents |
(4.38) |
4.27 |
|
Cash and cash equivalents at the beginning of the year |
5.08 |
0.81 |
|
Cash & cash equivalents at the beginning of the year |
5.08 |
0.81 |
|
Cash and cash equivalents at the end of the year |
0.70 |
5.08 |
|
Cash and Cash Equivalents Comprise : |
||
|
Cash on hand |
0.12 |
0.16 |
|
Balances with banks on current account |
0.58 |
4.92 |
|
|
0.70 |
5.08 |
In 2023, the company experienced a significant change in its cash flow activities compared to the previous year.
A. Cash Flow From Operating Activities:
- Net profit/(loss) before tax witnessed a substantial decrease from (36.66) lakhs in 2022 to a more significant loss of (981.85) lakhs in 2023.
- Finance costs rose significantly from 1,123.23 lakhs to 4,322.37 lakhs, impacting the operating profit/(loss) before working capital changes, which improved slightly from (347.52) lakhs to (41.96) lakhs.
- Working capital adjustments contributed positively with an increase in other financial assets by 1,383.41 lakhs and an increase in financial and other liabilities and provisions by 7.13 lakhs.
- Net cash generated/(used) in operating activities increased from 848.53 lakhs in 2022 to 1,205.40 lakhs in 2023.
B. Cash Flow from Investing Activities:
- The company made a minor investment in fixed assets, spending 0.20 lakhs in 2023 compared to 0.52 lakhs in 2022.
- Other bank balances (net) decreased by 76.41 lakhs, and interest received increased significantly from 39.41 lakhs to 1,323.83 lakhs.
- Net cash generated/(used) in investing activities rose substantially from 38.89 lakhs in 2022 to 1,247.22 lakhs in 2023.
C. Cash Flow from Financing Activities:
- Borrowings increased from 240.08 lakhs in 2022 to 928.00 lakhs in 2023.
- Finance costs paid also increased significantly from 1,123.23 lakhs to 3,385.00 lakhs.
- Net cash generated from financing activities showed a notable decrease, amounting to (2,457.00) lakhs in 2023, compared to (883.15) lakhs in 2022.
|
EBITDA |
-72.53 % |
|
Net worth |
-2.40 % |
|
Debt/Equity Ratio |
-5.19 |
|
Return on Equity |
N/A |
|
Total Assets |
5.61 % |
|
Fixed Assets |
-0.50 % |
|
Current Assets |
5.64 % |
|
Current Liabilities |
5.56 % |
|
Trade Receivables |
0.00 % |
|
Trade Payables |
-64.53 % |
|
Current Ratio |
0.97 |
The financial indicators for the company present a mixed picture of its performance and financial health.
1. Profitability:
- The EBITDA margin stands at a concerning -72.53%, indicating that the company 's earnings before interest, taxes, depreciation, and amortization are negative, suggesting operational challenges.
2. Financial Structure:
- The Net worth of the company is at -2.40%, implying that the company 's liabilities exceed its assets, which may raise concerns about solvency and financial stability.
- The Debt/Equity Ratio is exceptionally low at -5.19, suggesting an inverted financial structure with a higher proportion of equity compared to debt. This could be a result of significant losses or negative net worth.
3. Return on Equity:
- The Return on Equity (ROE) is listed as N/A, indicating that the company 's negative net worth makes it impossible to calculate a meaningful ROE. This lack of positive equity further emphasizes financial challenges.
4. Asset Management:
- Total Assets have increased by 5.61%, potentially indicating some level of asset growth or acquisition during the period under consideration.
- Fixed Assets show a decline of -0.50%, suggesting a decrease in long-term assets.
5. Liquidity:
- Current Assets and Current Liabilities both increased by 5.64% and 5.56%, respectively. The current ratio is 0.97, implying that the company 's short-term liabilities are almost equal to its short-term assets, raising concerns about short-term liquidity.
6. Working Capital:
- Trade Receivables are listed as 0.00%, possibly indicating efficient management of receivables.
- Trade Payables show a significant decrease of -64.53%, which may suggest a reduction in outstanding payments to suppliers.
In summary, the company faces significant challenges in terms of negative profitability, low net worth, and an inverted debt/equity structure. The increase in total assets may be attributed to short-term assets, but the negative EBITDA and low net worth underscore the need for a comprehensive financial turnaround strategy. The company should focus on improving operational efficiency, addressing its debt structure, and ensuring adequate liquidity for sustainable growth.
