P R Holdings Limited Annual Report and Financials

P R Holdings Limited Balance Sheet (Rs In Thousands)

Particulars	2023	2022
ASSETS
Non-current assets
(a) Property, Plant and Equipment and Intangible Assets	68.96	55.85
(b) Financial assets
(i) Loans	18,400.00	17,000.00
(ii) Other financial assets	1,600.00	2,100.00
(c) Deferred tax Assets (Net)	202.2	0
(d) Other Non Current Asset	3,000.00	11,300.00
Total Non-Current Assets	23,271.16	30,455.85
Current assets
(a) Financial Assets
(i) Investments	14,505.20	69.71
(ii) Cash and cash equivalents	469.02	4,004.15
(b) Other current assets	275.59	406.19
(c) Current Tax Assets	0	241.1
Total Current Assets	15,249.81	4,721.15
TOTAL	38,520.97	35,177.00
EQUITY AND LIABILITIES
Equity
(a) Equity share capital	18,900.00	18,900.00
(b) Other equity	19,141.69	15,849.67
	38,041.69	34,749.67
Current Liabilities
(a) Current tax liabilities	3	180.67
(b) Other current liabilities	77	50
(c) Provisions	399.28	196.66
	479.28	427.33
Total equity and liabilities	38,520.97	35,177.00

P R Holdings Limited Profit & Loss Statement (Rs In Thousand)

Particulars	2023	2022
Revenue from operations	800	1,608.34
Other Income	4,412.83	1,286.14
Total Income	5,212.83	2,894.48
Expenses:	664.67	639
Employee benefits expense Depreciation and amortization expense Other expenses	31.39	6.19
Total Expenses	481.78	1,483.40
	1,177.83	2,128.60
Profit/(loss) before exceptional item and tax	4,035.00	765.88
Exceptional item  Profit/(loss) before tax	-4.3	0
Tax expense/(credit):	4,039.30	765.88
Current tax Deferred tax	949.48	222.7
Deferred tax	-202.2	0
Profit/(loss) for the year	3,292.02	543.18
Other Comprehensive income/(loss)	3,292.02	543.18
Total Comprehensive Income for the year comprising Profit/(Loss) and Other comprehensive Income for the year )	3,292.02	543.18
Earnings/(loss) per equity share (of Rs. 10/- each) Basic and Diluted ( in Rs. per share)	1.74	0.029

P R Holdings Limited Consolidated Cash Flow Statement (Rs In Thousand)

Particulars	2023	2022
A.  CASH FLOW FROM OPERTING ACTIVITIES
Profit before tax	4,039.30	765.88
Adjustments For :-
Add: Depreciation	31.39	6.19
Less: Interest on Loans	-1,222.40	-1,262.96
Less: Profit on sale of shares	-4,520.97	0
Less: Notional (Gain)/Loss	1,335.27	0
Less: Interest / Dividend Received	-4.73	-13.51
Operating profit before working capital changes	-342.14	-504.39
(Increase)/Decrease in other financial Assets	500	1,800.00
(Increase)/Decrease in other current assets	130.61	-920.88
(Increase)/Decrease in current tax assets	241.1	0
Increase/(Decrease) in current liabilities	51.95	34.35
Less: Tax Expense	-949.48	-222.7
Net Cash Flow from operating activities	-367.97	186.37
B.  CASH FLOW FROM INVESTING ACTIVITIES
Add: Advances recovered	8,300.00	2,100.00
Less: Purchase of Investments	-15,770.77	0
Add: Interest received	1,222.40	1,262.96
Less: Purchase of Fixed Assets	-44.49	0
Add: Interest Received on IT Refund	4.73	13.51
Add: Profit on sale of Investment	4,520.97	0
Net Cash Flow from Investing activities	-1,767.16	3,376.47
C.  CASH FLOW FROM FINANCING ACTIVITIES
Loans provided during the year	-1,400.00	0
Net Cash Flow from financing activities	-1,400.00	0
NET INCREASE /(DECREASE) IN CASH AND CASH EQUIVALENTS	-3,535.13	3,562.84
CASH AND CASH EQUIVALENTS
Beginning of the year	4,004.15	968.59
End of the year	469.02	4,004.15

Certainly, here is a summary of the Cash Flow Statement for the years 2023 and 2022:

A. Cash Flow from Operating Activities:

1. Profit Before Tax:

In 2023, the company reported a Profit Before Tax of Rs. 4,039.30, a substantial increase from the previous year 's Rs. 765.88.

2. Adjustments For:

Add: Depreciation:

Depreciation increased from Rs. 6.19 in 2022 to Rs. 31.39 in 2023, reflecting higher asset consumption or a change in depreciation methods.

Less: Interest on Loans:

Interest on loans decreased from Rs. -1,262.96 in 2022 to Rs. -1,222.40 in 2023, indicating a reduction in interest expenses.

Less: Profit on Sale of Shares:

The company experienced a significant negative impact in 2023 with a Loss of Rs. -4,520.97 from the sale of shares, whereas, in 2022, there was no such transaction.

Less: Notional (Gain)/Loss:

In 2023, there was a notional gain of Rs. 1,335.27, reflecting a non-cash item influencing the profit.

Less: Interest/Dividend Received:

Interest/Dividend Received decreased from Rs. -13.51 in 2022 to Rs. -4.73 in 2023, indicating a decline in returns on investments.

3. Operating Profit Before Working Capital Changes:

The Operating Profit before working capital changes improved from Rs. -504.39 in 2022 to Rs. -342.14 in 2023, indicating operational efficiency.

4. (Increase)/Decrease in Other Financial Assets:

Other financial assets increased by Rs. 500 in 2023, compared to an increase of Rs. 1,800.00 in 2022.

5. (Increase)/Decrease in Other Current Assets:

Other current assets increased by Rs. 130.61 in 2023, compared to a decrease of Rs. -920.88 in 2022.

6. (Increase)/Decrease in Current Tax Assets:

Current tax assets increased by Rs. 241.10 in 2023, reflecting potential tax benefits.

7. Increase/(Decrease) in Current Liabilities:

Current liabilities increased by Rs. 51.95 in 2023, compared to an increase of Rs. 34.35 in 2022.

8. Less: Tax Expense:

Tax expenses increased from Rs. -222.70 in 2022 to Rs. -949.48 in 2023, reflecting higher tax obligations.

9. Net Cash Flow from Operating Activities:

The Net Cash Flow from operating activities was negative at Rs. -367.97 in 2023, contrasting with a positive Rs. 186.37 in 2022.

B. Cash Flow from Investing Activities:

1. Add: Advances Recovered:

Advances recovered increased significantly from Rs. 2,100.00 in 2022 to Rs. 8,300.00 in 2023, suggesting successful recovery of funds.

2. Less: Purchase of Investments:

The company made a significant investment in 2023 with a purchase of investments amounting to Rs. -15,770.77, while no such investment occurred in 2022.

3. Add: Interest Received:

Interest received remained stable, with Rs. 1,222.40 in 2023 compared to Rs. 1,262.96 in 2022.

4. Less: Purchase of Fixed Assets:

A minor purchase of fixed assets occurred in 2023, amounting to Rs. -44.49.

5. Add: Interest Received on IT Refund:

Interest received on IT refund increased slightly from Rs. 13.51 in 2022 to Rs. 4.73 in 2023.

6. Add: Profit on Sale of Investment:

A significant profit on the sale of investments was recorded in 2023, amounting to Rs. 4,520.97, while no such profit occurred in 2022.

7. Net Cash Flow from Investing Activities:

The Net Cash Flow from investing activities was negative at Rs. -1,767.16 in 2023, primarily due to the substantial investment in purchases of investments, in contrast to a positive Rs. 3,376.47 in 2022.

C. Cash Flow from Financing Activities:

1. Loans Provided During the Year:

In 2023, the company provided loans amounting to Rs. -1,400.00, while no such activity was reported in 2022.

2. Net Cash Flow from Financing Activities:

The Net Cash Flow from financing activities was negative at Rs. -1,400.00 in 2023, reflecting the outflow of funds for providing loans.

Summary of Cash and Cash Equivalents:

Beginning of the Year:

Cash and cash equivalents at the beginning of 2023: Rs. 4,004.15

Cash and cash equivalents at the beginning of 2022: Rs. 968.59

End of the Year:

Cash and cash equivalents at the end of 2023: Rs. 469.02

Cash and cash equivalents at the end of 2022: Rs. 4,004.15

Bellow are the Financial Ratios

Particulars	2023	2022
Current ratio (in times)	31.82	11.05
Return on equity ratio (in %)	9%	2%
Return on investment (in %)	11%	N.A.
Net capital turnover ratio (in times)	0.08	0.16
Net profit ratio (in %)	63.15%	18.77%
Return on capital employed (in %)	8.70%	1.56%

Here is a summary of the financial and operational metrics for P R Holdings Limited for the years 2023 and 2022:

1. Current Ratio:

2023: The current ratio increased significantly to 31.82 times, indicating a substantial improvement in the company 's ability to cover short-term liabilities with short-term assets.

2022: The previous year 's current ratio was 11.05 times, suggesting a noteworthy enhancement in liquidity.

2. Return on Equity (ROE) Ratio:

2023: ROE surged to 9%, showcasing improved profitability in relation to shareholders ' equity.

2022: In the prior year, the ROE was 2%, indicating a substantial increase in returns for shareholders in 2023.

3. Return on Investment (ROI) Ratio:

2023: ROI stands at 11%, signifying a positive return on the company 's investments during the year.

2022: The ROI was not available, possibly due to the absence of specific investment return data.

4. Net Capital Turnover Ratio:

2023: The net capital turnover ratio declined to 0.08 times, suggesting a potential decrease in efficiency in utilizing capital to generate sales.

2022: In the preceding year, the ratio was 0.16 times, indicating a higher efficiency in capital utilization.

5. Net Profit Ratio:

2023: The net profit ratio soared to 63.15%, demonstrating a substantial improvement in profitability relative to total revenue.

2022: The previous year 's net profit ratio was 18.77%, showcasing a significant increase in profitability in 2023.

6. Return on Capital Employed (ROCE) Ratio:

2023: ROCE increased to 8.70%, signifying a better efficiency in using capital to generate profits.

2022: In the prior year, the ROCE was 1.56%, indicating a significant improvement in capital efficiency in 2023.