Pace Automation Limited Annual Report, Balance Sheet and Financials

Pace Automation Limited Balance Sheet (Rs In Thousand)

Particulars	2023	2022
I ASSETS
1) Non-Current Assets
A) Property, Plant and Equipment	2920265	5339331
B) Capital Work In Progress	100594	96000
C) Other Intangible Assets	942375	1319325
D) Financial Assets
i. Loans & Advances	12000	587045
ii. Other (Bank Deposit)	28380000	19900000
Total Non-Current Assets	32355234	27241701
2) Current Assets
A) Inventories		50000
B) Financial Assets
i. Trade Receivables	11275104	2849875
ii. Cash and cash equivalents	3136751	4864523
iii. Loans & Advances	350000	828186
C) Other Current Assets	12265857	6642355
Total Current Assets	27027712	15234939
Total Assets	59382546	42470640
II EQUITY AND LIABILITIES
1) Equity
A) Equity Share Capital	94480350	94480350
B) Other Equity	-72271984	-88159802
Total Equity	22208366	6320548
2) Liabilities
i. Non Current Liabilities
a) Financial Liabilities
(i) Borrowings	523023	25868023
b) Deferred Tax Liabilities	337950	1163698
Total Non Current Liabilities	860973	27031721
3)Current Liabilities
a) Financial Liabilities
i. Borrowings	25000000
ii.Trade Payables	615137	3196150
iii. Other Financial Liabilities	3139129	3146935
b) Provisions	7558941	2781246
Total Current Liabilities	36313207	9124331
Total Equity & Liabilities	59382546	42476640

Pace Automation Limited Profit & Loss Statement (Rs In Thousand)

Particulars	2023	2022
I. Revenue From Operation	56849015	34639350
II. Other Income	1424581	792452
III. Total Income	58273596	35431802
IV. Expenses
Change in inventories of finished goods, stock-in-trade, work-in progress	50000	950000
Employee benefit expense	21793650	18417477
Finance Cost	5294	55212
Depreciation and amortization expense	5601502
Other expenses	9806853	9390717
Total Expenses	37257299	29690285
Profit Before Exceptional And Extraordinary Items And Taxes	21016297	5741517
Profit Before Tax	21016297	5741517
Tax Expenses
i) Current Tax	6115500	1337805
ii) Excess IT Provision For Earlier Year Written Back	-161274
iii) Deferred Tax	-825748	107220
Profit/(Loss) For The Period From Continuing Operations	15887819	4296492
Profit/(Loss) For The Period From	15887819	4296492
Total Comprehensive Income For The Year	15887819	4296492
Earning Per Equity Share	1.68	0.45
Basic & Diluted Earning Per Share	1.68	0.45

Pace Automation Limited Consolidated Cash Flow Statement (Rs In Thousand)

Particulars	2023	2022
CASH FLOW FROM OERATING ACTIVITIES
Net Profit Before Tax And Extraordinary Items	15887819	4296492
Depreciation And Amortization For The Year	5601502	876879
Income Tax- Deferred tax & others	-987022	107220
Interest Income	-1424581	-792452
Finance Cost	5294	55212
Operating Profit Before Changes In Working Capital	19083012	4543351
Inventories	50000	950000
Sundry Debtors	-8425230	303427
Loans & Advances	478186	87091
Other Current Assets	-5623502	-3521922
Current Liabilities	2188835	4887734
Cash Generated From Operation	7751303	7249680
Direct Taxes Paid/Received	-161274
Net Cash Flow From Operating Activities	7912577	7249680
CASH FLOW FROM INVESTING ACTIVITIES
Purchase Of Property, Plant And Equipment	-2805486	-2370028
Capital Work in progress	-4194	-96000
Interest Received	1424581	792452
Net Cash Flow From Investing Activities	-1385099	-1673576
C. CASH FLOW FROM FINANCING ACTIVITIES
Long Term Borrowings Availed/(Repaid)	-345000
Interest Paid On Borrowings	-5294	-55212
Loans & Advances	575045
Net Cash Flow From Financing Activities	224751	-55212
TOTAL (A+B+C)	6752228	5520892
Cash And Cash Equivalents At The Beginning Of The Year	24764523	19243631
Cash And Cash Equivalents At The End Of The Year	31516751	24764523
Increase/Decrease In Cash and Cash Equivalents	6752228	5520892

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

2023:

CASH FLOW FROM OPERATING ACTIVITIES (in Rs):

Net Profit Before Tax And Extraordinary Items: 15,887,819

Depreciation And Amortization For The Year: 5,601,502

Income Tax - Deferred tax & others: -987,022

Interest Income: -1,424,581

Finance Cost: 5,294

Operating Profit Before Changes In Working Capital: 19,083,012

Changes in working capital, including inventories, sundry debtors, loans & advances, and other current assets.

Cash Generated From Operation: 7,751,303

Direct Taxes Paid/Received: -161,274

Net Cash Flow From Operating Activities: 7,912,577

CASH FLOW FROM INVESTING ACTIVITIES (in Rs):

Purchase Of Property, Plant And Equipment: -2,805,486

Capital Work in progress: -4,194

Interest Received: 1,424,581

Net Cash Flow From Investing Activities: -1,385,099

CASH FLOW FROM FINANCING ACTIVITIES (in Rs):

Long Term Borrowings Availed/(Repaid): -345,000

Interest Paid On Borrowings: -5,294

Loans & Advances: 575,045

Net Cash Flow From Financing Activities: 224,751

TOTAL (A+B+C) (in Rs):** 6,752,228

Cash And Cash Equivalents At The Beginning Of The Year (in Rs):** 24,764,523

Cash And Cash Equivalents At The End Of The Year (in Rs):** 31,516,751

Increase/Decrease In Cash and Cash Equivalents (in Rs):** 6,752,228

2022:

CASH FLOW FROM OPERATING ACTIVITIES (in Rs):

Net Profit Before Tax And Extraordinary Items: 4,296,492

Depreciation And Amortization For The Year: 876,879

Income Tax - Deferred tax & others: 107,220

Interest Income: -792,452

Finance Cost: 55,212

Operating Profit Before Changes In Working Capital: 4,543,351

Changes in working capital, including inventories, sundry debtors, loans & advances, and other current assets.

Cash Generated From Operation: 7,249,680

Direct Taxes Paid/Received: -161,274

Net Cash Flow From Operating Activities: 7,249,680

CASH FLOW FROM INVESTING ACTIVITIES (in Rs):

Purchase Of Property, Plant And Equipment: -2,370,028

Capital Work in progress: -96,000

Interest Received: 792,452

Net Cash Flow From Investing Activities: -1,673,576

CASH FLOW FROM FINANCING ACTIVITIES (in Rs):

Long Term Borrowings Availed/(Repaid): N/A

Interest Paid On Borrowings: 55,212

Loans & Advances: N/A

Net Cash Flow From Financing Activities: -55,212

TOTAL (A+B+C) (in Rs): 5,520,892

Cash And Cash Equivalents At The Beginning Of The Year (in Rs): 19,243,631

Cash And Cash Equivalents At The End Of The Year (in Rs): 24,764,523

Increase/Decrease In Cash and Cash Equivalents (in Rs): 5,520,892

Bellow are the Financial Ratios

Particulars	2023	2022
Current Ratio	0.74	1.67
Debt Equity Ratio	0.63	4.09
Return on Equity Ratio	0.72	0.68
Debtors turnover ratio	8.05	11.54
Net capital turnover ratio	-6.12	5.67
Net profit ratio	0.2795	0.124
Return on Capital employed	0.3926	0.6881
Return On Investment	0.3539	0.1352

Here 's a summary of the financial and operational metrics for Pace Automation Limited for the years 2023 and 2022:

2023:

Current Ratio:

0.74

The current ratio is 0.74, which may indicate that the company has lower current assets relative to current liabilities, potentially impacting short-term liquidity

Debt Equity Ratio:

0.63

The debt-equity ratio is 0.63, suggesting that the company has a moderate level of debt in relation to equity.

Return on Equity Ratio:

0.72

The return on equity (ROE) ratio is 0.72, indicating a 72% return on shareholders ' equity, which reflects profitability relative to equity.

Debtors Turnover Ratio:

8.05

The debtors turnover ratio of 8.05 suggests that the company collects payments from debtors relatively quickly.

Net Capital Turnover Ratio:

-6.12

The net capital turnover ratio is -6.12, which is an unusual figure. It might suggest issues with asset utilization or data anomalies.

Net Profit Ratio:

0.2795

The net profit ratio is 0.2795, indicating that the company retains approximately 27.95% of its total revenue as profit.

Return on Capital Employed:

0.3926

The return on capital employed (ROCE) is 0.3926, reflecting a 39.26% return on the capital employed in the business.

Return On Investment:

0.3539

The return on investment (ROI) is 0.3539, indicating a 35.39% return on investment, which is a measure of overall profitability.

2022:

Current Ratio:

1.67

The current ratio is 1.67, suggesting a healthier short-term liquidity position compared to the previous year.

Debt Equity Ratio:

4.09

The debt-equity ratio is 4.09, indicating a significant increase in debt relative to equity compared to the previous year.

Return on Equity Ratio:

0.68

The return on equity (ROE) ratio is 0.68, indicating a 68% return on shareholders ' equity.

Debtors Turnover Ratio:

11.54

The debtors turnover ratio of 11.54 suggests even quicker collection of payments from debtors compared to the previous year.

Net Capital Turnover Ratio:

5.67

The net capital turnover ratio is 5.67, which is a significant change from the previous year. It may reflect a different approach to capital utilization.

Net Profit Ratio:

0.124

The net profit ratio is 0.124, reflecting that the company retains approximately 12.4% of its total revenue as profit, a lower figure compared to the previous year.

Return on Capital Employed:

0.6881

The return on capital employed (ROCE) is 0.6881, indicating a 68.81% return on the capital employed in the business, a decrease from the previous year.

Return On Investment:

0.1352

The return on investment (ROI) is 0.1352, indicating a 13.52% return on investment, a significant improvement compared to the previous year.