Parry Agro Annual Reports, Balance Sheet and Financials

Parry Agro Industries Limited Balance Sheet (In Rs. Lakhs)

Parry Agro Industries Limited Profit & Loss Statement (In Rs. Lakhs)

Parry Agro Industries Limited Cash Flow Statement for the last three years (In Rs. lakhs)

Summary of Cash Flow Statement for Parry Agro Industries Limited for the last three years:

1. Operating Activities:

   - Net profit/(loss) before tax was negative, with a decrease from Rs. 1829.04 lakh in 2021 to Rs. (391.38) lakh in 2023.

   - There were adjustments for various items, including depreciation and amortization expenses, finance costs, interest income, and dividend income.

   - Provision for contingency increased over the years, while provisions for expenses no longer required were written back.

   - Operating profit before working capital changes decreased significantly from Rs. 2234.28 lakh in 2021 to Rs. (467.29) lakh in 2023.

   - There were changes in working capital, including changes in trade receivables, other financial assets, inventories, trade creditors, and other liabilities.

   - Overall, the net cash flow from operating activities decreased from Rs. 2029.29 lakh in 2021 to Rs. 6.13 lakh in 2023.

2. Investing Activities:

   - Capital expenditure decreased over the years, while proceeds from the sale of property, plant, and equipment remained relatively stable.

   - There were purchases and sales of investments, with fluctuations in the amounts.

   - Dividend income from long-term investments and interest received showed fluctuations.

   - Bank balances not considered as cash and cash equivalents had significant changes.

   - Overall, the net cash flow from investing activities fluctuated, ranging from Rs. (2094.93) lakh to Rs. 1154.47 lakh.

3. Financing Activities:

   - Interest paid and repayment of lease liabilities showed fluctuations.

   - Dividend paid was significant in 2022 but not in the other years.

   - Overall, the net cash flow from financing activities fluctuated, ranging from Rs. (74.96) lakh to Rs. (463.65) lakh.

4. Net Increase/ (Decrease) in Cash & Cash Equivalents:

   - There was a net decrease in cash and cash equivalents in 2023, while there were net increases in the previous two years.

   - The closing cash and cash equivalents decreased from Rs. 244.25 lakh in 2021 to Rs. 139.37 lakh in 2023.

In conclusion, Parry Agro Industries Limited experienced a decrease in net cash flow from operating activities, fluctuating net cash flow from investing activities, and negative net cash flow from financing activities over the last three years. The company had a net decrease in cash and cash equivalents, with a decrease in the closing balance.

Parry Agro Industries Key Financial Ratios (Standalone)

The given key financial ratios provide insights into Parry Agro Industries Limited 's financial performance and efficiency for the fiscal years ending on March 31, 2023, and March 31, 2022. Here 's a summary of each ratio:

• Current Ratio: This ratio measures the company 's ability to meet its short-term obligations. A current ratio of 1.74 in 2023 and 1.70 in 2022 indicates that Parry Agro Industries has sufficient current assets to cover its current liabilities.
• Return on Equity Ratio: The return on equity ratio indicates the profitability generated by the company for its shareholders. A negative ratio of (0.04) in 2023 and (0.15) in 2022 implies that the company incurred losses and did not generate a positive return on equity during those periods.
• Inventory Turnover Ratio: This ratio shows how efficiently the company manages its inventory. A higher inventory turnover ratio indicates that inventory is being sold or utilized more quickly. Parry Agro Industries had an inventory turnover ratio of 9.81 in 2023 and 8.64 in 2022, suggesting improved efficiency in managing its inventory.
• Trade Receivables Turnover Ratio: This ratio measures how effectively the company collects payments from its customers. Parry Agro Industries had a trade receivables turnover ratio of 37.47 in 2023 and 25.63 in 2022, indicating that it collected payments more frequently in 2023 compared to the previous year.
• Trade Payable Turnover Ratio: This ratio reflects how well the company manages its payables to suppliers. A higher trade payable turnover ratio implies that the company pays its suppliers more quickly. Parry Agro Industries had a trade payable turnover ratio of 11.74 in 2023 and 6.62 in 2022, suggesting an improvement in managing its payables.
• Net Capital Turnover Ratio: This ratio measures how efficiently the company utilizes its capital to generate revenue. Parry Agro Industries had a net capital turnover ratio of 8.62 in 2023 and 8.70 in 2022, indicating a relatively consistent utilization of capital to generate revenue over the two years.
• Return on Capital Employed Ratio: The return on capital employed ratio assesses the profitability generated in relation to the capital invested in the company. A negative ratio of (0.04) in 2023 and (0.09) in 2022 implies that the company did not generate a positive return on the capital employed during those periods.
• Return on Investment Ratio: This ratio measures the return on the total investment made in the company. Parry Agro Industries had a return on investment ratio of 3.09% in 2023 and 69.55% in 2022, suggesting a significant decrease in the return on investment from the previous year.

Overall, the financial ratios indicate a mixed performance for Parry Agro Industries Limited. While the company showed improvements in certain areas such as inventory turnover, trade receivables turnover, and trade payable turnover, it experienced losses and negative returns on equity, capital employed, and low return on investment. It 's essential to analyze these ratios in conjunction with other financial information and industry benchmarks to gain a more comprehensive understanding of the company 's financial health.     

Parry Agro Industries Dividend History

Parry Agro Industries Limited Recent Performance

• Revenue from Operations decreased by 4.52% from Rs. 20,674.48 lakhs in FY 2022 to Rs. 21,610.26 lakhs in FY 2023.

• EBITDA of the company increased by 121.83% from Rs. -817.8 lakhs in FY 2022 to Rs. 178.58 lakhs in FY 2023. EBITDA margins of the company increased from (3.91) % in FY 2022 to 0.80% in FY 2023.
• Loss after tax of the company decreased by 70.09% from Rs. 1409.22 lakhs in FY 2022 to a loss after tax of Rs. 421.41 lakhs in FY 2023.
• The current Ratio of the company as of 31st March 2023 was 1.22.
• The debt to Equity ratio of the company as of 31st March 2023 was 0, as there was no debt.
• The Book value per share of the company as of 31st March 2023 stood at Rs. 204.41.