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Nidhi Services Limited Annual Report and Financials

Nidhi Services Limited (Nidhi Services) Return Comparision with Primex 40 Index

Periods 1 Week 1 Month 3 Months 6 Months 1 Year 3 Years All Time
Primex-40
Nidhi Services Limited

NIDHI SERVICES LIMITED Balance Sheet (In Real Figure)

Particulars

2023

2022

ASSETS

   

Non Current Assets

   

Property, Plant and Equipment

3,300,443.00

3,300,443.00

Other Financial assets

46,836,977.00

42,436,094.00

Current Assets

   

Other Current Assets

548,890.00

716,569.00

Cash and Cash equivalents

1,343,811.00

1,759,690.00

Total Assets

52,030,121.00

48,212,797.00

EQUITY & LIABILITIES

   

Equity 

   

Equity share capital

15,000,000.00

15,000,000.00

Reserve Fund

3,110.00

3,110.00

Other Equity

35,619,254.00

31,623,667.00

Non Current Liabilities

   

Financial Liabilities

   

Other Financial Liabilities

891,242.00

891,242.00

Current Liabilities

   

Financial Liabilities

   

Other Current Liabilities

516,515.00

694,778.00

Total Equity & Liabilities

52,030,121.00

48,212,797.00

 NIDHI SERVICES LIMITED Profit & Loss Statement (In Real Figures)

Particulars

2023

2022

Revenue from Operations

   

Other Income

4,875,391.00

6,148,476.00

Total Income

4,875,391.00

6,148,476.00

Expenses

   

Finance costs

 

100.00

Other Expenses

1,268,356.00

1,157,124.00

Total Expenses

1,268,356.00

1,157,224.00

Profit before exceptional item and tax

3,607,035.00

4,997,252.00

Profit before Tax

3,607,035.00

4,991,252.00

Tax expense

   

   Current Tax

429,728.00

574,186.00

   Excess Tax Provision For Earlier Years

8,692.00

 

Profit(Loss) for the Period

3,368,615.00

4,417,066.00

Other Comprehensive Income

   

   (i) Items that will be reclassified to profit or loss

826,971.91

(1,605,018.00)

Total Comprehensive Income for the period

826,972.00

(1,605,018.00)

Earning per Equity Share

   

Basics

2.11

2.94

Diluted

2.11

2.94

NIDHI SERVICES LIMITED Consolidated Cash Flow Statement (In Real Figures)

Particulars

2023

2022

Cash Flows from Operating Activities

   

Net Profit before tax

4,434,007.00

3,386,234.00

Adjustments For:

   

Financial Expenses

 

100.00

Rental Income

3,812,475.00

(2,635,500.00)

Interest Income on Bonds

(360,528.00)

(360,528.00)

Dividend Received

   

Profit on sale of investments

(693,181.00)

(3,095,803.00)

Operating Profit before working capital Changes

7,192,773.00

(2,705,497.00)

Adjutments for:

   

Current Liabilities

(178,263.00)

560,025.00

Loan & Advances, Other Assets

167,679.00

(552,492.00)

Cash generated from Operations

7,182,189.00

(2,697,964.00)

Income taxes paid

438,420.00

574,186.00

Net cash from operating activities

6,743,769.00

(3,272,150.00)

Cash flows from Investing activities

   

Net increase in investment in matual funds

(4,400,883.00)

(3,086,665.00)

Rent received

(3,812,475.00)

2,635,500.00

Net increase in securities received from tenants

 

234,355.00

Interest Received

360,528.00

360,528.00

Profit on sale of investments

693,181.00

3,095,803.00

Net cash from investing activities

(7,159,649.00)

3,239,521.00

Cash flows from financing activities

   

Issue of share capital

   

Financial Expenses

 

(100.00)

Net cash used in financing activities

 

(100.00)

Net Increase in cash and cash equivalents

(415,879.00)

(32,729.00)

Cash and cash equivalents at beginning of period

1,759,690.00

1,792,419.00

Cash and cash equivalents at end of period

1,343,811.00

1,759,690.00

Cash Flows from Operating Activities:

- In 2023, the Net Profit before tax showed a substantial increase, rising to ₹44,34,007.00 from ₹33,86,234.00 in 2022.

- Notable adjustments included Financial Expenses amounting to ₹100.00.

- Rental Income experienced a significant positive shift, increasing from a deficit of ₹(26,35,500.00) in 2022 to ₹38,12,475.00 in 2023.

- Interest Income on Bonds remained consistent at ₹(3,60,528.00) in both years.

- The Profit on the sale of investments improved, reaching ₹(6,93,181.00) in 2023, compared to a larger deficit of ₹(30,95,803.00) in 2022.

- Operating Profit before working capital changes showcased a remarkable turnaround, reaching ₹71,92,773.00 in 2023 from a deficit of ₹(27,05,497.00) in 2022.

- Adjustments for Current Liabilities and Loan & Advances, Other Assets contributed positively.

Cash Flows from Investing Activities:

- The company witnessed a significant net outflow in 2023, with a total of ₹(71,59,649.00), driven by a substantial increase in the investment in mutual funds and a reduction in rent received.

- Notably, Rent received dropped from ₹26,35,500.00 in 2022 to a deficit of ₹(38,12,475.00) in 2023.

- The Profit on sale of investments improved, contributing positively to cash flows with ₹6,93,181.00 in 2023, compared to ₹30,95,803.00 in 2022.

- Other factors like the Net increase in securities received from tenants and Interest Received also played a role in shaping the investing activities.

Cash Flows from Financing Activities:

- There was minimal activity in financing, with no significant issuance of share capital and only a minor financial expense of ₹(100.00).

- The net cash used in financing activities amounted to ₹(100.00).

Annual Report

Nidhi Services Annual Report 2022-23

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Nidhi Services Annual Report 2021-22

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