Resins and Plastics Annual Reports, Balance Sheet and Financials

Resins & Plastics Limited Balance Sheet (In Rs. Lakhs)

Resins & Plastics Limited Profit & Loss Statement (In Rs. Lakhs)

Resins & Plastics Limited Cash Flow Statement for the last three years (In Rs. Lakhs)

Summary of Cash Flow Statement for Resins & Plastics Limited for the last three years:

1. Operating Activities:

   - Net profit before tax and extraordinary items decreased slightly from Rs. 1,569.74 lakh in 2020-21 to Rs. 1,587.84 lakh in 2021-22 and further to Rs. 1,329.72 lakh in 2022-23.

   - There were adjustments for depreciation and amortization expenses, interest income, finance costs, dividend income received, loss/profit on the sale of investments, and other items.

   - Operating profit before working capital changes decreased from Rs. 1,311.17 lakh in 2020-21 to Rs. 1,558.26 lakh in 2021-22 and further to Rs. 1,384.38 lakh in 2022-23.

   - There were changes in working capital, including inventories, trade receivables, loans and advances, trade payables, liabilities, and provisions.

   - Cash generated from operations decreased from Rs. 666.94 lakh in 2021-22 to Rs. 1,129.58 lakh in 2022-23.

   - Overall, the net cash flow from operating activities was positive, with an increase from Rs. (653.10) lakh in 2020-21 to Rs. 797.59 lakh in 2022-23.

2. Investing Activities:

   - Capital expenditure on property, plant, and equipment showed fluctuations, with a decrease from Rs. 47.28 lakh in 2020-21 to Rs. 445.51 lakh in 2022-23.

   - There were purchases and sales of current investments, resulting in significant cash outflows and inflows.

   - Proceeds from the sale of property, plant, and equipment remained relatively stable but low.

   - Interest received fluctuated, with a decrease from Rs. 81.72 lakh in 2021-22 to Rs. 2.02 lakh in 2022-23.

   - Overall, the net cash flow from investing activities fluctuated, with a decrease from Rs. 2,164.36 lakh in 2020-21 to Rs. (503.62) lakh in 2022-23.

3. Financing Activities:

   - Finance costs and dividends paid showed fluctuations but remained relatively stable.

   - Overall, the net cash flow from financing activities fluctuated, with a decrease from Rs. (188.19) lakh in 2020-21 to Rs. (253.22) lakh in 2022-23.

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

   - There was a net increase in cash and cash equivalents in 2022-23, while there were net decreases in the previous two years.

   - The closing cash and cash equivalents decreased from Rs. 1,473.66 lakh in 2020-21 to Rs. 67.07 lakh in 2021-22 and then increased to Rs. 107.82 lakh in 2022-23.

In conclusion, Resins & Plastics Limited experienced fluctuations in net cash flow from operating, investing, and financing activities over the last three years. The company had a net increase in cash and cash equivalents in 2022-23, with a decrease in the closing balance in the previous years.

Resins & Plastics Key Financial Ratios

Summary of Key Financial Ratios for Resins & Plastics Limited:

• Current Ratio:

   - The current ratio measures the company 's ability to meet its short-term obligations.

   - The ratio decreased from 5.88 in 2022 to 5.26 in 2023, indicating a slight decline in liquidity.

• Return on Equity Ratio:

   - The return on equity ratio measures the profitability generated in relation to shareholders ' equity.

   - The ratio declined from 13.61% in 2022 to 10.30% in 2023, indicating a decrease in profitability.

• Inventory Turnover Ratio:

   - The inventory turnover ratio indicates how efficiently the company manages its inventory.

   - The ratio increased from 10.05 times in 2022 to 10.76 times in 2023, suggesting improved inventory management.

• Trade Receivables Turnover Ratio:

   - The trade receivables turnover ratio assesses how quickly the company collects payments from its customers.

   - The ratio increased from 4.60 times in 2022 to 4.77 times in 2023, indicating slightly better collection efficiency.

• Trade Payable Turnover Ratio:

   - The trade payable turnover ratio measures how quickly the company pays its suppliers.

   - The ratio decreased from 15.20 times in 2022 to 14.75 times in 2023, suggesting a slightly longer payment cycle.

• Net Capital Turnover Ratio:

   - The net capital turnover ratio evaluates the company 's efficiency in utilizing its net capital to generate sales.

   - The ratio increased from 2.83 times in 2022 to 3.10 times in 2023, indicating improved capital utilization.

• Net Profit Ratio:

   - The net profit ratio measures the company 's profitability in relation to its total revenue.

   - The ratio decreased from 5.54% in 2022 to 3.90% in 2023, indicating a decline in profitability.

• Return on Capital Employed Ratio:

    - The return on capital employed ratio assesses the company 's profitability in relation to the capital employed.

    - The ratio declined from 18.20% in 2022 to 13.88% in 2023, suggesting a decrease in profitability.

• Return on Investment Ratio:

    - The return on investment ratio measures the company 's profitability in relation to its total investment.

    - The ratio decreased significantly from 7.71% in 2022 to 2.28% in 2023, indicating a decline in investment profitability.

In summary, Resins & Plastics Limited experienced mixed results in its key financial ratios. While some ratios showed improvements, such as inventory turnover and trade receivables turnover, others, including return on equity, net profit ratio, and return on investment, declined. The company 's liquidity, as measured by the current ratio, also slightly decreased.

Resins & Plastics Limited Dividend History

Resins & Plastics Limited Performance

• During the FY 2023, Revenue from operations increased to Rs. 25,225.05 Lakhs as against Rs. 21,376.31 Lakhs in FY 2022, an overall growth of 18%.

• EBITDA of the company decreased from Rs. 1681.21 Lakhs in FY 2022 to Rs. 1458.95 Lakhs in FY 2023.
• The Profit after Tax for FY 2023 is Rs. 981.42 Lakhs as against Rs. 1181.77 Lakhs in the FY 2022, the overall fall of 16.95%.
• The current ratio of the company as of 31st March 2023 was 5.25. This states that the company can easily pay off all its current liabilities and does not have any liquidity issues.
• The company does not have any long term or short-term borrowings.
• Resins & Plastics Limited is consistently and progressively giving dividends from the past years. For FY 2023, the company is giving a dividend of Rs. 6.00 per equity share.