Kurlon Annual Report | Balance Sheet for FY 2019-20

Kanara Consumer Products Ltd (Kurlon Limited) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Kanara Consumer Products Ltd

Kurlon Limited Balance Sheet (In Rs. Lakhs)

PARTICULARS	2020	2019
ASSETS
NON CURRENT ASSETS
Tangible assets	43,172.96	33,466.68
Intangible assets	2,647.09	2,743.16
Financial assets	3,069.44	3,234.25
Other non-current assets	5,294.85	6,439.62
TOTAL NON CURRENT ASSETS	54,184.34	45,883.71
CURRENT ASSETS
Inventories	13,775.53	13,407.88
Financial assets	11,511.78	3,783.68
Trade receivables	6,645.77	12,030.26
Cash and cash equivalent	1,716.82	3,695.77
Tax assets	1,917.67	1,216.21
Other current assets	2,945.66	2,918.54
TOTAL CURRENT ASSETS	38,513.23	37,052.34
TOTAL ASSETS	92,697.57	82,936.05
EQUITY AND LIABILITIES
EQUITY
Equity Share Capital	1,488.26	1,488.26
Other Equity	56,382.04	49,262.40
Non-Controlling Interest	4,143.99	4,136.04
TOTAL EQUITY	62,014.29	54,886.70
LIABILITIES
NON CURRENT LIABILITIES
Long term borrowings	343.95	781.35
Lease Liabilities	4,533.28	0.00
Long term provisions	409.42	409.42
Other financial liabilities	5,858.01	6,123.33
Tax liabilities	2,373.10	2,834.23
Other non current liabilities	0.00	0.01
TOTAL NON CURRENT LIABILITIES	13,517.76	10,148.34
CURRENT LIABILITIES
Borrowings	2,389.01	2,238.05
Lease Liabilities	662.62	0
Trade payables	12,734.71	13,700.21
Other financial liabilities	510.73	486.22
Other current liabilities	454.65	1067.11
Provisions	413.8	409.42
TOTAL CURRENT LIABILITIES	17,165.52	17,901.01
TOTAL LIABILITIES	30,683.28	28,049.35
TOTAL EQUITY AND LIABILITIES	92,697.57	82,936.05

Kurlon Limited Profit & Loss Statement (In Rs. Lakhs)

PARTICULARS	2020	2019	2018	2017
Revenue from Operations	96,173.05	1,02,379.64	1,08,645.10	1,01,580.51
EBITDA	13,251.27	12,386.27	13,924.91	10,427.65
EBITDA margin	13.78%	12.10%	12.82%	10.27%
Finance Cost	1,053.85	766.71	660.89	483.42
Depreciation	3,888.17	2,349.99	1,815.23	1,606.28
Other Income	1,259.49	3,310.51	2,215.27	1,162.24
Profit before Exceptional Items and Tax	9,568.74	12,580.08	13,664.06	9,500.19
Exceptional items	0	-21.65	0.00	0
Total Tax	2,002.84	5,062.46	5,071.09	3,241.37
Profit After Tax (PAT)	7,565.91	7,495.96	8,592.97	6,258.82
PAT margin	7.77%	7.09%	7.75%	6.09%
EPS	51.13	51.04	57.6	42.3

Kurlon Limited Cash Flow Statement for the last three years (Rs. in Crore)

Particulars	31st March 2022	31st March 2021	31st March 2020
Cash Flow Summary
Cash and Cash Equivalents at Beginning of the year	2.04	0.43	6.3
Net Cash from Operating Activities	-9.61	-5.43	11.62
Net Profit before Tax & Extraordinary Items	8.53	12.19	11.89
Depreciation	0	0	5.58
Interest (Net)	-1.73	-1.27	-0.2
Dividend Received	-15.46	-10.85	-9.28
Others	6.75	0.61	1.71
Total Adjustments (PBT & Extraordinary Items)	-10.44	-11.51	-2.19
Op. Profit before Working Capital Changes	-1.91	0.68	9.69
Trade & 0th receivables	0	0	1.19
Inventories	-3.91	1.73	1.93
Trade Payables	4.52	-1.58	0.07
Others	-12.35	-9.03	0.03
Total (OP before Working Capital Changes)	-11.75	-8.89	3.22
Cash Generated from/(used in) Operations	-13.66	-8.2	12.91
Interest Paid(Net)	0	0	1.12
Direct Taxes Paid	4.05	2.77	-2.42
Total-others	4.05	2.77	-1.3
Cash Flow before Extraordinary Items	-9.61	-5.43	11.62
Net Cash Used in Investing Activities	1.81	-4.96	-15.78
Purchased of Fixed Assets	-15.95	-4.47	-25.27
Sale of Fixed Assets	0	0.78	0
Interest Received	2.22	2	0.2
Dividend Received	15.46	10.85	9.28
Others	0.08	-14.12	0
Net Cash Used in Financing Activities	5.8	12	0.72
Proceed from 0ther Long Term Borrowings	10.32	12.76	5.37
Of the Long Term Borrowings	0	0	-4.81
Dividend Paid	-2.98	0	0
Interest Paid	-1.55	-0.76	-1.12
Others	0	0	1.29
Net Inc/(Dec) in Cash and Cash Equivalent	-2	1.61	-3.44
Cash and Cash Equivalents at End of the year	0.04	2.04	2.86

Summary of cash flow statement for Kurlon Limited

Cash Flow from Operating Activities:

The cash flow from operating activities represents the cash generated or used in the company 's core operations. Kurlon Limited had a net cash outflow from operating activities in each of the three years. In 2022, it had a net cash outflow of Rs. 9.61 Crore, followed by a net cash outflow of Rs. 5.43 Crore in 2021 and a net cash inflow of Rs. 11.62 Crore in 2020.

Cash Flow from Investing Activities:

The cash flow from investing activities accounts for the cash inflows and outflows related to investments and capital expenditures. Kurlon Limited had mixed cash flows from investing activities. In 2022, it had a net cash inflow of Rs. 1.81 Crore, while in 2021, it had a net cash outflow of Rs. 4.96 Crore, and in 2020, it had a net cash outflow of Rs. 15.78 Crore.

Cash Flow from Financing Activities:

The cash flow from financing activities represents the cash inflows and outflows related to raising capital, repaying debts, and other financing activities. Kurlon Limited had varying cash flows from financing activities. In 2022, it had a net cash inflow of Rs. 5.8 Crore, in 2021, it had a net cash inflow of Rs. 12 Crore, and in 2020, it had a net cash inflow of Rs. 0.72 Crore.

The company 's cash and cash equivalents at the beginning and end of each year are as follows:

As of March 31, 2022: Cash and cash equivalents were Rs. 2.04 Crore at the beginning of the year and decreased to Rs. 0.04 Crore at the end of the year.

As of March 31, 2021: Cash and cash equivalents were Rs. 0.43 Crore at the beginning of the year and increased to Rs. 2.04 Crore at the end of the year.

As of March 31, 2020: Cash and cash equivalents were Rs. 6.3 Crore at the beginning of the year and increased to Rs. 2.86 Crore at the end of the year.

Funds Flow Statement of Kurlon Limited (Rs. In Crore)

Particulars	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18
Sources of funds
Cash profit	16.06	11.08	15.25	19.19	10.1
Increase in other net worth	0	0.06	0	0	0
Increase in loan funds	10.19	0	0	0.52	16.29
Decrease in investments	0.09	0	0	0	0.47
Decrease in working capital	0	20.32	16.61	31.26	0
Total Inflow	26.34	31.46	31.86	50.97	26.86
Application of funds
Decrease in networth	3.08	0	0	0.02	0.06
Decrease in loan funds	0	24.61	7.82	0	0
Increase in gross block	14.94	3.77	24.06	50.68	10.17
Increase in investments	0	3.06	0	0.27	0
Increase in working capital	8.32	0	0	0	16.62
Total Outflow	26.34	31.44	31.88	50.97	26.85

Kurlon Dividend History

Particulars	2020	2019	2018
Dividend (final + interim) (In Rs.)	Nil	Nil	Nil
Retained Earnings (Consolidated) (In Rs. Lakhs)	35,270.93	27,772.86	21,599.76

Kurlon Limited Performance

Revenue from Operations of the company decreased by 6.06% from Rs. 1,02,379.64 lakhs in FY 2019 to Rs. 96,173.05 lakhs in FY 2020.
Despite the decrease in revenue from operations, the EBITDA of the company increased by 6.98% from Rs. 12,386.27 lakhs in FY 2019 to Rs. 13,251.27 lakhs in FY 2020. EBITDA margins of the company improved from 12.10% in FY 2019 to 13.78% in FY 2020.
Borrowings of the company decreased by 9.49% from Rs. 3,019.40 lakhs as of 31st March 2019 to Rs. 2,732.96 lakhs as of 31st March 2020. However, due to significant lease liabilities, Finance cost to the company increased by 37.4% from Rs. 766.71 lakhs in FY 2019 to Rs. 1,053.85 lakhs in FY 2020.
Profit after tax of the company increased slightly from Rs. 7,495.96 lakhs in FY 2019 to Rs. 7,565.91 lakhs in FY 2020.
The current Ratio of the company as of 31st March 2020 was 2.24. The company is managing its financial liquidity effectively and efficiently.
The debt to Equity ratio of the company as of 31st March 2020 was 0.04

Kurlon Limited Annual Reports, Balance Sheet and Financials

Kanara Consumer Products Ltd (Kurlon Limited) Return Comparision with Primex 40 Index

Kurlon Limited Balance Sheet (In Rs. Lakhs)

Kurlon Limited Profit & Loss Statement (In Rs. Lakhs)

Kurlon Limited Cash Flow Statement for the last three years (Rs. in Crore)

Funds Flow Statement of Kurlon Limited (Rs. In Crore)

Kurlon Dividend History

Kurlon Limited Performance

Annual Report

Kurlon Annual Report 2019-20

Corporate Actions

Notice for Buyback at 1300 per share Dated March 30 2024

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