Ranicherra Tea Annual Reports, Balance Sheet and Financials

Ranicherra Tea Company Limited Balance Sheet (In Thousand)

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

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

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:

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

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.