| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| KSK Energy Ventures Limited |
|
Particulars |
2019 |
2018 |
|
ASSETS |
||
|
1Non-current assets |
||
|
(a)Property plant and equipment |
3,694.09 |
5,099.05 |
|
(b)Capital work in progress |
1,914.28 |
1,908.91 |
|
(c)Other in tangible assets |
0.28 |
0.57 |
|
(d)Intangible assets under development |
0.99 |
1.54 |
|
(e)Financial asset |
||
|
(i) Investments |
2,412.52 |
2,943.46 |
|
(ii)Loans |
19.47 |
25.29 |
|
(iii)Other financial asset |
2.83 |
85.81 |
|
(f) Deferred tax assets(net) |
44.33 |
274.79 |
|
(g)Other non-current assets |
208.32 |
300.19 |
|
Total Non-Current Assets |
8,297.11 |
10,639.61 |
|
2Current assets |
||
|
(a)Inventories |
57.74 |
367.34 |
|
(b)Financial asset |
||
|
(i) Investments |
79.40 |
213.98 |
|
(ii)Trade receivables |
55.52 |
312.97 |
|
(iii)Cash and bank balances |
47.23 |
167.49 |
|
(iv)Other bank balances |
76.87 |
326.40 |
|
(v)Loans |
1,773.52 |
2,844.01 |
|
(vi)Other financial asset |
24,042.79 |
27,888.24 |
|
(c)Current tax assets(Net) |
129.63 |
56.01 |
|
(d)Other current assets |
2,227.50 |
2,116.51 |
|
Total Current Assets |
28,490.20 |
34,292.95 |
|
Total Assets |
36,787.31 |
44,932.56 |
|
IIEQUITY AND LIABILITIES |
||
|
1Equity |
||
|
(a)Equity share capital |
4,239.86 |
4,239.86 |
|
(b)Other equity |
(145.12) |
3,526.38 |
|
|
4,094.74 |
7,766.24 |
|
(c)Non controlling interest |
574.39 |
1,380.36 |
|
Total equity |
4,669.13 |
9,146.60 |
|
1Non-current liabilities |
||
|
(a)Financial liability |
||
|
(i) Borrowings |
6,381.59 |
10,447.11 |
|
(ii)Other financial liabilities |
770.94 |
846.64 |
|
(b)Provisions |
1.18 |
7.34 |
|
(c)Deferred tax liabilities(net) |
54.44 |
39.49 |
|
(d)Other non current liabilities |
12.93 |
15.56 |
|
Total Non-Current Liabilities |
7,221.08 |
11,356.14 |
|
2Current liabilities |
||
|
(a)Financial liability |
||
|
(i) Borrowings |
10,348.01 |
9,358.98 |
|
(ii)Trade payables |
||
|
Dues to micro and small enterprises |
6.21 |
3.30 |
|
Dues to other than micro and small enterprises |
2,276.16 |
2,583.25 |
|
(iii)Other financial liabilities |
12,231.54 |
12,244.64 |
|
(b)Other current liabilities |
35.12 |
238.87 |
|
(c)Current Taxliability(Net) |
0.06 |
0.78 |
|
Total Current Liabilities |
24,897.10 |
24,429.82 |
|
Total Equity & Liabilities |
36,787.31 |
44,932.56 |
|
Particulars |
2019 |
2018 |
|
I Revenue from operations |
2,073.51 |
31,490.17 |
|
II Other income |
88.82 |
780.28 |
|
III Total revenue(I+II) |
2,162.33 |
32,270.45 |
|
IV Expenses |
||
|
Cost of fuel consumed |
996.72 |
19,014.67 |
|
Employee benefit expenses |
69.43 |
836.06 |
|
Finance costs |
1,176.13 |
21,842.80 |
|
Other expenses |
292.70 |
5,397.18 |
|
Depreciation and amortisation expenses |
346.41 |
5,997.75 |
|
Total expenses |
2,881.39 |
53,088.46 |
|
V Profit/(loss) before exceptional items and tax(III-IV) |
(719.06) |
(20,818.01) |
|
VI Exceptional items |
(2,839.55) |
2,200.37 |
|
VII Profit/(loss)before tax(V-VI) |
(3,558.61) |
(18,617.64) |
|
VIII Tax expense/(income) |
||
|
Current tax |
||
|
For the year |
9.44 |
2.94 |
|
In respect of earlier years |
(50.44) |
|
|
MAT credit entitlement |
0.32 |
57.29 |
|
Deferred tax |
34.62 |
(1,613.51) |
|
Total tax expense/(income) |
44.38 |
(1,603.72) |
|
IX Profit/(loss)after tax(VII-VIII) |
(3,602.99) |
(17,013.92) |
|
X Share of profit/(loss)of associate |
(212.52) |
(111.15) |
|
XI Profit/(loss)for the year(IX+X) |
(3,815.51) |
(17,125.07) |
|
Attributable to: |
||
|
Equity holders of the parent |
(3,815.51) |
(14,262.65) |
|
Non-controlling interest |
(2,862.42) |
|
|
|
(3,815.51) |
(17,125.07) |
|
XIIOther comprehensive income |
||
|
(i)(a)Items that will not be reclassified to profit or loss |
2.64 |
(12.45) |
|
(b)Income tax relating to items that will not be reclassified to profit or loss |
0.62 |
|
|
(ii)Items that will be reclassified to profit or loss |
72.61 |
7.23 |
|
Other comprehensive income for the period,net of tax |
75.25 |
(4.60) |
|
Total comprehensive income(XI+ XII) |
(3,740.26) |
(17,129.67) |
|
Attributable to: |
||
|
Equity holders of the parent |
(3,740.26) |
(14,266.96) |
|
Non-controlling interest |
(2,862.71) |
|
|
|
(3,740.26) |
(17,129.67) |
|
XIIIEarnings/(loss) per share: |
||
|
Basic and diluted-face value of Rs10 per share(Rs.) |
(9.00) |
(33.64) |
|
Particulars |
2019 |
2018 |
|
CASH FLOW FROM OPERATING ACTIVITIES |
||
|
Loss before tax |
(3,558.61) |
(18,617.64) |
|
Adjustments for |
||
|
Depreciation and amortisation expenses |
346.41 |
5,997.75 |
|
Financecost |
1,176.13 |
21,842.80 |
|
Interest income |
(16.55) |
(298.09) |
|
Dividend income |
(5.43) |
(13.29) |
|
(Profit)/loss on sale of assets,net |
(0.89) |
(2.64) |
|
Profit on sale of investment |
(7.95) |
|
|
Gain on disposal of subsidiaries/Joint Operations |
2,839.55 |
(8,386.52) |
|
Bad debts / advances written off / provision for doubtful debts |
2,152.97 |
|
|
Impairment of property,plant & equipment and others |
6,205.85 |
|
|
Foreign exchange differences |
15.79 |
|
|
Liability no longer required written back |
(6.09) |
(23.09) |
|
Others,net |
6.44 |
(99.24) |
|
Operating profit before working capital changes |
780.96 |
8,766.70 |
|
Adjustments for working capital |
||
|
Inventories |
134.52 |
(218.40) |
|
Trade receivables |
(116.83) |
(6,229.40) |
|
Loans and advances |
(13.91) |
(128.70) |
|
Other assetsTrade payables |
(158.32) |
(1,676.63) |
|
Other liabilities and provisions |
(219.09) |
2,028.74 |
|
Cash generated from operations |
(46.79) |
(133.71) |
|
Income tax (paid) / refund |
360.54 |
2,408.60 |
|
Net cash(usedin)/from investing activities |
10.10 |
119.72 |
|
CASH FLOW FROM INVESTING ACTIVITIES |
370.64 |
2,528.32 |
|
Purchase of fixed assets including capital work-in-progress and capital advances |
(130.61) |
(10,588.93) |
|
Sale of fixed assets |
0.88 |
21.02 |
|
Acquisition of minority interest / dilution of interest in subsidiaries, net |
(25.00) |
73.83 |
|
Disposal / Aquisition of subsidiaries/Joint operations |
(18.47) |
(590.21) |
|
(Purchase) / sale of current investments, net |
134.58 |
23.40 |
|
(Investment)/redemption of bank deposit (having original maturity more than three months) |
2.63 |
(0.17) |
|
(Investment) / redemption of bank deposit |
198.20 |
853.22 |
|
Loans and advances(given)/repaid,net |
(491.55) |
(686.42) |
|
Interest received |
21.00 |
313.80 |
|
Dividend received |
5.43 |
- |
|
Net cash used in investing activities |
(302.91) |
(10,580.46) |
|
CASH FLOW FROM FINANCING ACTIVITIES |
||
|
Proceeds from long term borrowings |
397.86 |
26,312.34 |
|
Repayment of long term borrowings |
(841.67) |
(1,521.73) |
|
Proceeds from short term borrowings, net |
520.28 |
5,950.47 |
|
Proceedfrom/(repaymentof)otherliabilities |
(13.34) |
690.47 |
|
Payment of finance costs |
(323.72) |
(24,450.82) |
|
Net cash from/(used in)financing activities |
(260.59) |
6,980.73 |
|
Net increase/(decrease)in cash and cash equivalents |
(192.87) |
(1,071.41) |
|
Effect of exchange rate changes |
72.61 |
8.96 |
|
Cash and cash equivalents at the beginning of the year |
167.49 |
1,229.94 |
|
Cash and cash equivalents at the end of the year |
47.23 |
167.49 |
The cash flow statement for the year 2019 and 2018 reveals the financial activities of the company in three main categories: operating, investing, and financing activities.
In 2019, the company reported a loss before tax of ₹3,558.61 lakhs, a significant improvement from the previous year 's loss of ₹18,617.64 lakhs. Adjustments for depreciation, finance costs, and other factors resulted in an operating profit before working capital changes of ₹780.96 lakhs, compared to ₹8,766.70 lakhs in 2018. Working capital adjustments, including changes in inventories, trade receivables, and liabilities, led to a cash outflow of ₹46.79 lakhs in 2019, while it was ₹133.71 lakhs in 2018.
- Loss before tax: ₹3,558.61 lakhs (2019) and ₹18,617.64 lakhs (2018).
- Operating profit before working capital changes: ₹780.96 lakhs (2019) and ₹8,766.70 lakhs (2018).
- Cash generated from operations: (₹46.79) lakhs (2019) and (₹133.71) lakhs (2018).
Investing Activities:
The company engaged in various investing activities, with a net cash outflow of ₹302.91 lakhs in 2019 and ₹10,580.46 lakhs in 2018. Notable transactions included the purchase of fixed assets, sale of fixed assets, acquisition of minority interest, and transactions related to subsidiaries and joint operations.
- Net cash used in investing activities: (₹302.91) lakhs (2019) and (₹10,580.46) lakhs (2018).
- Purchase of fixed assets: (₹130.61) lakhs (2019) and (₹10,588.93) lakhs (2018).
- Sale of fixed assets: ₹0.88 lakhs (2019) and ₹21.02 lakhs (2018).
Financing Activities:
Financing activities involved obtaining and repaying borrowings, dealing with short-term borrowings, and managing other liabilities. In 2019, the net cash from financing activities was (₹260.59) lakhs, contrasting with ₹6,980.73 lakhs in 2018. The company raised funds through long-term borrowings and short-term borrowings, while also making repayments and incurring finance costs.
- Net cash from/(used in) financing activities: (₹260.59) lakhs (2019) and ₹6,980.73 lakhs (2018).
- Proceeds from long-term borrowings: ₹397.86 lakhs (2019) and ₹26,312.34 lakhs (2018).
- Repayment of long-term borrowings: (₹841.67) lakhs (2019) and (₹1,521.73) lakhs (2018).
Overall Cash Flow:
The net increase/(decrease) in cash and cash equivalents was (₹192.87) lakhs in 2019 and (₹1,071.41) lakhs in 2018. Exchange rate changes had a positive impact of ₹72.61 lakhs in 2019 and ₹8.96 lakhs in 2018. The ending cash and cash equivalents were ₹47.23 lakhs in 2019 and ₹167.49 lakhs in 2018.
- Net increase/(decrease) in cash and cash equivalents: (₹192.87) lakhs (2019) and (₹1,071.41) lakhs (2018).
- Effect of exchange rate changes: ₹72.61 lakhs (2019) and ₹8.96 lakhs (2018).
- Cash and cash equivalents at the end of the year: ₹47.23 lakhs (2019) and ₹167.49 lakhs (2018).
|
Ratios |
2019 |
|
EBITDA |
90.75 % |
|
Net worth |
-26.75 % |
|
Debt/Equity Ratio |
0.37 |
|
Return on Equity |
-36.53% |
|
Total Assets |
-16.63 % |
|
Fixed Assets |
4.15 % |
|
Current Assets |
-1.64 % |
|
Current Liabilities |
3.54 % |
|
Trade Receivables |
-85.10 % |
|
Trade Payables |
-24.10 % |
|
Current Ratio |
1.9 |
The provided ratios for the year 2019 offer insights into the financial health and performance of the company across various aspects.
Profitability Ratios:
- EBITDA Margin: The EBITDA margin, calculated as EBITDA divided by total revenue, is 90.75%. This indicates that the company is generating a strong EBITDA relative to its total revenue.
- Return on Equity (ROE): The Return on Equity is -36.53%, reflecting a negative return for shareholders. This suggests that the company has not been able to generate positive returns on its equity investments.
Leverage Ratios:
- Debt/Equity Ratio: The Debt/Equity ratio is 0.37, indicating a moderate level of debt relative to equity. This suggests a balanced capital structure with a higher proportion of equity.
Asset Management Ratios:
- Net worth: The Net worth ratio is -26.75%, implying a negative net worth. This could be a concerning sign as the company 's liabilities exceed its assets.
- Total Assets Turnover: The Total Assets turnover is -16.63%, indicating that the company is not efficiently utilizing its total assets to generate revenue.
Efficiency Ratios:
- Fixed Assets Turnover: The Fixed Assets turnover is 4.15%, showing that the company is generating revenue efficiently from its fixed assets.
- Current Assets Turnover: The Current Assets turnover is -1.64%, indicating that the company might not be effectively using its current assets to generate sales.
Working Capital Ratios:
- Current Ratio: The Current Ratio is 1.9, suggesting that the company has sufficient current assets to cover its current liabilities. This is a positive sign for short-term liquidity.
- Trade Receivables Turnover: The Trade Receivables turnover is -85.10%, suggesting that there may be issues with the collection of receivables, potentially impacting cash flow.
- Trade Payables Turnover: The Trade Payables turnover is -24.10%, indicating potential inefficiencies in managing payables.
