| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Merino Industries Limited |
|
PARTICULARS |
31st March 2023 |
31st March 2022 |
|
ASSETS |
|
|
|
Non-current assets |
|
|
|
Property, plant and equipment |
441.73 |
454.36 |
|
Right of use assets |
87.75 |
88.49 |
|
Capital work-in-progress |
604.56 |
140.93 |
|
Other intangible assets |
0.23 |
0.4988 |
|
Intangible assets under development |
- |
0.0242 |
|
Financial assets |
|
|
|
Investments |
50.02 |
41.94 |
|
Loans |
0.20 |
0.2873 |
|
Others |
44.79 |
173.34 |
|
Non-current tax asset (net) |
19.68 |
19.12 |
|
Other non-current assets |
33.11 |
24.41 |
|
Total non-current assets |
1,282.07 |
943.41 |
|
Current assets |
|
|
|
Inventories |
581.44 |
427.90 |
|
Biological assets other than bearer plants |
15.26 |
10.81 |
|
Financial assets |
|
|
|
Investments |
94.00 |
102.73 |
|
Trade receivables |
175.20 |
165.28 |
|
Cash and cash equivalents |
9.83 |
32.87 |
|
Bank balances other than |
6.30 |
57.40 |
|
Loans |
1.47 |
1.6233 |
|
Others |
48.28 |
62.87 |
|
Other current assets |
96.17 |
40.27 |
|
Total current assets |
1,027.96 |
901.75 |
|
Total assets |
2,310.04 |
1,845.16 |
|
EQUITY AND LIABILITIES |
|
|
|
Equity |
|
|
|
Equity share capital |
11.28 |
11.28 |
|
Other equity |
1,237.13 |
1,133.81 |
|
Total equity |
1,248.41 |
1,145.09 |
|
LIABILITIES |
|
|
|
Non-current liabilities |
|
|
|
Financial liabilities |
|
|
|
Borrowings |
283.90 |
65.76 |
|
Lease liabilities |
17.82 |
19.04 |
|
Other financial liabilities |
0.18 |
0.0339 |
|
Provisions |
0.38 |
- |
|
Deferred tax liabilities (net) |
14.23 |
20.10 |
|
Other non-current liabilities |
0.72 |
0.7821 |
|
Total non-current liabilities |
317.23 |
105.71 |
|
Current liabilities |
|
|
|
Financial liabilities |
|
|
|
Borrowings |
310.72 |
229.34 |
|
Lease Liabilities |
8.38 |
6.6003 |
|
Trade payables |
|
|
|
Total outstanding dues of micro enterprises and small enterprises |
18.89 |
19.21 |
|
Total outstanding dues of creditors other than micro enterprises and small enterprises |
184.57 |
226.37 |
|
Other financial liabilities |
126.53 |
68.83 |
|
Other current liabilities |
52.49 |
33.65 |
|
Provisions |
41.78 |
10.35 |
|
Current tax liabilities (net) |
1.04 |
- |
|
Total current liabilities |
744.39 |
594.35 |
|
Total liabilities |
1,061.63 |
700.07 |
|
Total equity and liabilities |
2,310.04 |
1,845.16 |
|
PARTICULARS |
31st March 2023 |
31st March 2022 |
|
Income |
|
|
|
Revenue from operations |
2,17,550.23 |
1,74,359.36 |
|
Other income |
2,991.34 |
4,854.08 |
|
Total income |
2,20,541.57 |
1,79,213.44 |
|
Expenses |
|
|
|
Cost of materials consumed |
1,11,232.07 |
94,397.91 |
|
Purchases of stock-in-trade |
8,754.30 |
4,910.33 |
|
Changes in inventories of finished goods, stock-in-trade, work-in- |
-5,233.71 |
-3,680.97 |
|
progress and biological assets |
|
|
|
Employee benefits expense |
24,716.61 |
20,178.91 |
|
Finance costs |
2,853.99 |
1,319.92 |
|
Depreciation and amortization expenses |
6,698.45 |
6,357.65 |
|
Other expenses |
54,109.81 |
38,289.97 |
|
Total expenses |
2,03,131.52 |
1,61,773.72 |
|
Profit before tax |
17,410.05 |
17,439.72 |
|
Tax expense |
|
|
|
Current tax |
6,089.07 |
4,308.00 |
|
Deferred tax |
-443.53 |
-5.05 |
|
Total tax expense |
5,645.54 |
4,302.95 |
|
Net profit for the year |
11,764.51 |
13,136.77 |
|
Other comprehensive income |
|
|
|
Items that will not be reclassified to profit or loss |
|
|
|
Remeasurements of post-employment benefit obligations |
-578.14 |
-61.85 |
|
Income tax relating to items that will not be reclassified to profit or loss |
145.51 |
15.57 |
|
Items that will be reclassified to profit or loss |
|
|
|
Changes in fair value of FVOCI equity instruments |
8.00 |
6.04 |
|
Income tax relating to items that will be reclassified to profit or loss |
-2.01 |
-1.52 |
|
Total other comprehensive income |
-426.64 |
-41.76 |
|
Total comprehensive income for the year |
11,337.87 |
13,095.01 |
|
Earnings per equity share |
|
|
|
Basic |
105.24 |
117.52 |
|
Diluted |
105.24 |
117.52 |
|
PARTICULARS |
2023 |
2022 |
Read in |
|
Current ratio |
1.38 |
1.52 |
Times |
|
Debt equity ratio |
0.5 |
0.28 |
Times |
|
Debt service coverage ratio |
3.91 |
4.65 |
Times |
|
Inventory turnover ratio |
165 |
151 |
Days |
|
Trade receivable turnover ratio |
29 |
33 |
Days |
|
Trade payable turnover ratio |
45 |
56 |
% |
|
Net profit margin |
5.41 |
7.53 |
% |
|
Return on capital employed |
10.91 |
12.85 |
% |
|
Return on investment |
-1.59 |
8.87 |
% |
|
Return on equity ratio |
9.83 |
11.96 |
% |
Insight of the financial ratios of Merino Industries Limited for March 31, 2023
Current Ratio (1.38 times):
Indicates a good level of short-term liquidity, though it has decreased slightly compared to the previous year.
Debt-Equity Ratio (0.5 times):
Shows a moderate level of debt relative to equity, with an increase from the previous year.
Debt Service Coverage Ratio (3.91 times):
Suggests a strong ability to cover debt obligations with operating income, though it has decreased compared to the previous year.
Inventory Turnover Ratio (165 days):
Indicates that, on average, it takes 165 days to turn over inventory. A lower number is generally more favourable, so this may be an area for improvement.
Trade Receivable Turnover Ratio (29 days):
Reflects a relatively quick turnover of trade receivables, which is positive for cash flow.
Trade Payable Turnover Ratio (45%):
Suggests a good turnover of trade payables, indicating efficient payment management.
Net Profit Margin (5.41%):
Represents the percentage of sales that translates into net profit. While it has decreased from the previous year, it still indicates a reasonable profitability.
Return on Capital Employed (10.91%):
Indicates a 10.91% return on the capital employed, suggesting an effective utilization of capital.
Return on Investment (-1.59%):
Indicates a negative return on investment, which may be a concern and warrants further investigation into the factors contributing to this.
Return on Equity Ratio (9.83%):
Suggests a 9.83% return on equity, indicating a moderate return for shareholders.
In summary, Merino Industries Limited demonstrates strengths in liquidity, debt management, and profitability. However, attention may be needed in areas such as inventory turnover and investigating the reasons behind the negative return on investment. Monitoring these ratios over time will help gauge the company 's financial health and performance trends.
|
Particulars |
2023 |
2022 |
|
Dividend Per Share (In Rs.) |
9 |
9 |
|
Retained Earnings (In Rs. Lakhs) |
1,09,700.62 |
1,00,551.27 |
