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Ranicherra Tea Annual Reports, Balance Sheet and Financials

Ranicherra Tea Company Limited (Ranicherra Tea) Return Comparision with Primex 40 Index

Periods 1 Week 1 Month 3 Months 6 Months 1 Year 3 Years All Time
Primex-40
Ranicherra Tea Company Limited

Ranicherra Tea Company Limited Balance Sheet (In Thousand)

 

Particulars

 31 March 2022

 31 March 2021

ASSETS

 

 

Non-current assets

 

 

Property, plant and equipment

1,55,545.81

1,54,405.64

Capital work-in-progress

12,698.46

12,840.71

Biological assets

2,585.70

8,327.56

Investments

1.45

1.45

Other non-current assets

9,972.92

8,999.21

Current assets

 

 

Inventories

69,000.12

31,551.87

Trade receivables

29,500.17

7,910.44

Cash and cash equivalents

1515.92

1067.35

Loans and Advances

7268.09

3440.75

Other current assets

5851.23

3489.61

TOTAL ASSETS

2,93,939.87

2,32,034.59

EQUITY AND LIABILITIES

 

 

Equity share capital

26,000.00

26,000.00

Other equity

27,626.76

26,042.44

Non-current liabilities

 

 

Borrowings

4499.47

8680.45

Provisions

2,969.39

2363.13

Other Non-current liabilities

1,72,935.60

64817.45

Current liabilities

 

 

Borrowings

30,672.55

22,952.11

Trade payables

5,500.15

48,374.78

Other current liabilities

12,423.82

19,084.73

Provisions

11,312.13

13,719.50

TOTAL EQUITY AND LIABILITIES

2,93,939.87

2,32,034.59

Ranicherra Tea Company Limited Profit & Loss Statement (In Thousand)

 

PARTICULARS

 31 March 2022

 31 March 2021

Revenue from operations

2,99,186.41

3,16,666.59

Other Operating revenue

-5,741.86

8,327.56

Other income

1306.53

1013.96

Total income

2,94,751.08

3,26,008.11

Purchases of stock in trade

17,306.21

29,314.38

Cost of Material Consumed

1,29,103.80

1,21,197.09

Manufacturing Expenses

71,804.93

69,350.23

Changes in inventories of finished goods and work in progress

-35843.46

-1,216.91

Employee benefits expense

88,083.09

83,214.71

Finance costs

2296.09

5144.64

Selling and other expenses

5103.96

5302.27

Depreciation and amortization expense

8586.13

8473.79

Operating & other expenses

6,539.58

3,314.71

Total expenses

2,92,980.33

3,24,094.91

Profit/(Loss) before income tax

1,770.75

1,913.20

Current tax

186.43

-

Profit/(Loss) for the year

1,584.32

1,913.20

Earnings per equity share (in INR)

-5.3

1.48

Basic

0.61

0.74

Diluted

0.61

0.74

Ranicherra Tea Company Limited Consolidated Cash Flow Statement (In Thousand)

 

Particulars

 31 March 2022

 31 March 2021

Cash flows from operating activities

 

 

Profit / (Loss) before tax for the year

1,770.75

1913.2

Adjustments for:

 

 

Depreciation

8586.13

8473.79

Finance cost

2296.09

5144.64

Other income

-1306.53

-1013.96

Other receipts/ Payments/adjustments

-186.43

-

Operating profit before working capital changes

11,160.01

14517.67

Inventories

-37448.25

-6677.27

Biological Assets

5741.86

-8,327.56

Non-Current/ Current Financial & Non- Financial Assets

-28,752.40

-7,453.29

Non-Current/ Current Financial & Non- Financial liabilities

56781.50

54167.38

Cash generated from operations

7,482.72

46226.93

Extra-ordinary items

-2.00

-1.98

Net cash generated by operating activities

7,484.72

46228.91

Cash flows from investing activities

 

 

Payment for acquisition of PPE

-9728.30

2155.12

Payment for acquisition of Capital WIP

142.25

-6117.99

Other incomes

1306.53

1013.96

Net cash generated by investing activities

-8279.52

-2948.91

Cash flows from financing activities

 

 

Proceeds from working capital loans

7,720.44

-29594.57

Proceeds from non-current borrowings

-4180.98

-9633.17

Interest and other borrowing costs paid

-2296.09

-5144.64

Net cash generated from financing activities

1,243.37

-44372.38

Net increase/(decrease) in cash and cash equivalents during the year

448.57

-1092.38

Cash and cash equivalents at the beginning of the year

1067.35

2159.73

Cash and cash equivalents at the end of the year

1,515.92

1067.35

 

Here is a summary of the Cash Flow Statement for the years 2022 and 2021:

 

Profit/(Loss) before tax for the year: In the year ending March 31, 2022, the company reported a profit before tax of 1,770.75, showing a decrease from 1913.2 in the previous year.

Adjustments for Depreciation, Finance Cost, and Other Income: The company made adjustments for depreciation, finance costs, and other income. Depreciation expenses increased to 8586.13 in 2022 from 8473.79 in 2021. Finance costs decreased to 2296.09 in 2022 from 5144.64 in 2021, indicating potentially lower borrowing or interest rates. Other income decreased to -1306.53 in 2022 from -1013.96 in 2021, possibly due to fluctuations in non-operating income.

Operating Profit before Working Capital Changes: After adjusting for these items, the operating profit before changes in working capital was 11,160.01 in 2022, down from 14517.67 in 2021.

Changes in Working Capital: The company experienced significant changes in working capital components such as inventories, biological assets, financial and non-financial assets, and liabilities. Notably, there were substantial decreases in inventories and biological assets but increases in financial and non-financial liabilities.

Cash Generated from Operations: Despite the decrease in operating profit, the company still generated cash from operations, amounting to 7,482.72 in 2022, down from 46226.93 in 2021.

Extraordinary Items: There were minimal extraordinary items, resulting in a negligible impact on the net cash generated by operating activities.

Cash Flows from Investing Activities: The company made payments for the acquisition of property, plant, and equipment (PPE) and capital work in progress (WIP). However, other incomes helped offset some of these expenses. Overall, the net cash generated by investing activities was negative in both years, with a decrease in 2022 compared to 2021.

Cash Flows from Financing Activities: The company received proceeds from working capital loans and non-current borrowings. However, the net cash generated from financing activities was positive in 2022, representing a reversal from negative cash flows in 2021, primarily due to changes in working capital loans.

Net Increase/(Decrease) in Cash and Cash Equivalents during the Year: After considering cash flows from operating, investing, and financing activities, there was a net increase in cash and cash equivalents of 448.57 in 2022, contrasting with a decrease of -1092.38 in 2021.

Cash and Cash Equivalents at the Beginning and End of the Year: The cash and cash equivalents at the beginning of the year were 1067.35 in 2022 and 2159.73 in 2021. By the end of the year, cash and cash equivalents increased to 1,515.92 in 2022 from 1067.35 in 2021.

Financial Ratios of Ranicherra Tea Company Limited:

 

Particulars

2022

2021

Current Ratio

1.89

0.46

Debt Equity Ratio

0.66

0.61

Debt service coverage ratio

0.36

0.49

Return on Equity Ratio

0.03

0.04

Inventory Turnover Ratio

5.35

10.51

Trade receivables turnover ratio

15.92

51.54

Trade Payable turnover ratio

4.81

2.75

Net Capital Turnover Ratio

5.62

-5.59

Net profit Ratio

0.53%

0.60%

Return on Capital employed

0.05

0.08

 

Here is a summary of the financial and operational metrics for Ranicherra Tea Company Limited for the years 2022 and 2021:

 

Current Ratio: The company 's current ratio has improved significantly from 0.46 in 2021 to 1.89 in 2022, indicating a healthier liquidity position. This suggests that the company has more current assets relative to its current liabilities, which is a positive sign.

Debt Equity Ratio: The debt-equity ratio has increased slightly from 0.61 in 2021 to 0.66 in 2022. This indicates that the proportion of debt in the company 's capital structure has increased slightly compared to equity. However, the ratio is still relatively moderate, indicating a reasonable balance between debt and equity financing.

Debt Service Coverage Ratio: There has been a decrease in the debt service coverage ratio from 0.49 in 2021 to 0.36 in 2022. This suggests that the company 's ability to cover its debt obligations with its operating income has decreased, which may indicate increased financial risk.

Return on Equity Ratio: The return on equity (ROE) ratio has decreased from 0.04 in 2021 to 0.03 in 2022. This indicates that the company 's profitability relative to its shareholders ' equity has decreased. It suggests that the company is generating less profit with each unit of shareholder equity.

Inventory Turnover Ratio: The inventory turnover ratio has decreased significantly from 10.51 in 2021 to 5.35 in 2022. This suggests that the company is selling its inventory at a slower rate compared to the previous year, which may indicate inefficiencies in inventory management or decreased sales.

Trade Receivables Turnover Ratio: There has been a significant decrease in the trade receivables turnover ratio from 51.54 in 2021 to 15.92 in 2022. This indicates that the company is collecting its receivables at a slower rate compared to the previous year, which may impact its cash flow and liquidity.

Trade Payable Turnover Ratio: The trade payable turnover ratio has increased from 2.75 in 2021 to 4.81 in 2022. This suggests that the company is paying its trade payables at a faster rate compared to the previous year, which may indicate improved efficiency in managing payables.

Net Capital Turnover Ratio: There has been a significant improvement in the net capital turnover ratio from -5.59 in 2021 to 5.62 in 2022. This indicates that the company is generating more revenue relative to its net capital, which is a positive sign of improved capital efficiency.

Net Profit Ratio: The net profit ratio has decreased slightly from 0.60% in 2021 to 0.53% in 2022. This indicates that the company is earning slightly lower profits relative to its total revenue.

Return on Capital Employed: The return on capital employed (ROCE) has decreased from 0.08 in 2021 to 0.05 in 2022. This suggests that the company is generating lower returns from its capital investments compared to the previous year.

Dividend History

 

Particulars

2022

2021

Dividend Per Share

-

-

Retained Earnings (Rs. In Thousands)

27484.68

25900.36

 

Ranicherra Tea Company Limited Recent Financial Performance:

 

Dividend per Share: The specific dividend per share figure for 2022 and 2021 is not provided. Dividend per share represents the portion of a company 's earnings that is distributed to shareholders in the form of dividends. A higher dividend per share may indicate that the company is sharing more of its profits with shareholders.

Retained Earnings: Retained earnings for 2021 amounted to Rs. 27484.68 thousand, while in 2020, they were Rs. 25900.36 thousand. Retained earnings represent the portion of a company 's profits that is reinvested in the business rather than distributed as dividends. An increase in retained earnings suggests that the company has retained more of its profits for reinvestment or future growth.

To provide a more comprehensive analysis, it would be necessary to consider additional financial metrics such as revenue, net profit, assets, liabilities, and cash flows. Additionally, an analysis of trends over multiple years and a comparison to industry benchmarks and competitors would help in assessing the company 's financial health and performance.

Annual Report

Ranicherra Tea Annual Report 2021-22

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