Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
---|---|---|---|---|---|---|---|
Primex-40 | |||||||
Rydak Syndicate Limited |
PARTICULARS | 31 March 2023 | 31 March 2022 |
ASSETS | ||
Non-current assets | ||
Property, plant and equipment | 6,580.80 | 6,270.56 |
Capital work-in-progress | 454.36 | 438.02 |
Financial assets | ||
Investment in associate | - | 1.23 |
Investments other than associate | 60.75 | 55.01 |
Deferred tax assets (net) | 453.84 | 290.25 |
Total non-current assets | 7,549.75 | 7,055.07 |
Current assets | ||
Inventories | 2,729.98 | 2,506.00 |
Biological assets other than bearer plants | 22.05 | 47.44 |
Financial assets | ||
(i) Trade receivables | 137.19 | 97.25 |
(ii) Cash and cash equivalents | 611.42 | 902.98 |
(iii) Other financial assets | 39.61 | 34.57 |
Current tax asset (net) | 370.46 | 267.82 |
Other current assets | 228.3 | 233.21 |
Total current assets | 4,139.01 | 4,089.27 |
Total assets | 11,688.76 | 11,144.34 |
EQUITY AND LIABILITIES | ||
Equity | ||
Equity share capital | 97.31 | 97.31 |
Other equity | 6,560.03 | 5,494.14 |
Total equity | 6,657.34 | 5,591.45 |
Liabilities | ||
Non-current liabilities | ||
Financial liabilities | ||
Borrowings | 563.01 | 777.71 |
Provisions | 972.37 | 975.62 |
Other non current financial liabilities | 1,078.86 | 1,119.26 |
Total non-current liabilities | 2,614.24 | 2,872.59 |
Current liabilities | ||
Financial liabilities | ||
(i) Borrowings | 160.02 | 283.37 |
(ii) Trade payables | ||
a) Total outstanding dues of micro enterprises and small enterprises | 36.49 | 92.19 |
b) Total outstanding dues other than micro enterprises and small enterprises | 659.48 | 778.46 |
(iii) Other financial liabilities | 1,186.35 | 1,145.57 |
Other current liabilities | 75.09 | 75.22 |
Provisions | 299.75 | 305.49 |
Total current liabilities | 2,417.18 | 2,680.30 |
Total equity and liabilities | 11,688.76 | 11,144.34 |
PARTICULARS | 31 March 2023 | 31 March 2022 |
Income | ||
Revenue from operations | 13,709.18 | 14,346.68 |
Other income | 230.91 | 435.99 |
Total income | 13,940.09 | 14,782.67 |
Expenses | ||
Cost of materials consumed | 276.41 | - |
Changes in inventories of finished goods | -401.23 | 97.66 |
Change in carrying amount of biological assets other than bearer plant ((gain)/loss) | 25.39 | -13.51 |
Employee benefits expense | 8,456.44 | 8,284.78 |
Finance costs | 98.56 | 147.79 |
Depreciation expense | 314.99 | 308.77 |
Other expenses | 4,080.27 | 3,468.57 |
Total expenses | 12,850.83 | 12,294.06 |
Profit before tax | 1,089.26 | 2,488.62 |
Tax expense: | ||
- Current tax | 82.84 | 172.17 |
- Deferred tax | -138.08 | 17.32 |
Total tax expenses | -52.24 | 189.49 |
Profit for the year | 1,144.50 | 2,299.13 |
Other comprehensive income | ||
Items that will not be reclassified to profit or loss | ||
Remeasurements of post-employment benefit obligations | 89.53 | 131.94 |
Income tax relating to these items | -25.52 | -33.88 |
Other comprehensive income for the year, net of tax | 64.01 | 98.07 |
Total comprehensive income for the year | 1,080.49 | 2,201.06 |
Earnings per equity share: | ||
Basic and Diluted | 117.61 | 236.26 |
(Nominal value per Share Rs.10) |
Particulars | 31 March 2023 | 31 March 2022 |
CASH FLOW FROM OPERATING ACTIVITIES | ||
Profit Before Tax | 1,089.27 | 2,488.62 |
Adjustments for: | ||
Depreciation expenses | 314.99 | 308.77 |
Net gain on fair valuation of financial assets | -64.11 | - |
Changes in Biological Assets | 25.39 | - |
Finance cost | 98.55 | 147.79 |
Provision For Bad & Doubtful Debts and Advances | 59.26 | - |
Sundry Balances Written off | 6.66 | - |
Provisions | -5.74 | - |
Interest on FD Received | -3.99 | -2.7 |
Net gain/(loss) on financial assets (investments) measured at fair value through profit or loss | ||
-5.85 | -4.44 | |
Operating Profit before Working Capital Changes | 1,514.43 | 2,938.04 |
Adjustments for: | ||
Non-Current/Current financial and other assets | -106.01 | 252.08 |
Inventories | -223.98 | -99.68 |
Non-Current/Current financial and other liabilities/provisions | -174.43 | -626.68 |
Cash generated from operations | 1,010.01 | 2,463.76 |
Income Tax paid | -185.48 | -11 |
Net Cash flow from Operating activities | 824.52 | 2,452.76 |
CASH FLOW FROM INVESTING ACTIVITIES | ||
Payment for purchase of property, plant and equipment | -698 | -631.27 |
INVESTMENTS | - | - |
Interest On FD received | 3.99 | 2.7 |
Net Cash used in Investing activities | -693.62 | -628.57 |
CASH FLOW FROM FINANCING ACTIVITIES | ||
Proceeds/(Repayment) of short term borrowings | -123.35 | -768.1 |
Proceeeds from long term borrowings | -150.81 | -52.9 |
Interest paid | -133.63 | -161.31 |
Dividend paid | -14.6 | -9.73 |
Net Cash used in financing activities | -422.4 | -992.04 |
Net increase in cash & Cash Equivalents | -291.5 | 832.15 |
Cash and Cash equivalents as at the beginning of the year | 902.92 | 70.83 |
Cash and Cash equivalents as at the end of the year | 611.42 | 902.98 |
Cash Flow from Operating Activities:
- Net cash flow from operating activities decreased from 2,452.76 lakhs in 2022 to 824.52 lakhs in 2023.
- This decrease can be attributed to lower operating profit before working capital changes in 2023 compared to 2022.
- Adjustments for changes in non-current/current financial and other assets, inventories, and liabilities/provisions also affected operating cash flows.
Cash Flow from Investing Activities:
- Net cash used in investing activities decreased from -628.57 lakhs in 2022 to -693.62 lakhs in 2023.
- This change is primarily due to a decrease in payments for the purchase of property, plant, and equipment in 2023 compared to 2022.
Cash Flow from Financing Activities:
- Net cash used in financing activities decreased from -992.04 lakhs in 2022 to -422.40 lakhs in 2023.
- This decrease is mainly due to lower proceeds from/repayments of short-term and long-term borrowings in 2023 compared to 2022.
- Lower dividend payments also contributed to the decrease in cash used in financing activities in 2023.
Overall Cash Position:
- The company experienced a decrease in the net increase in cash and cash equivalents from 832.15 lakhs in 2022 to -291.50 lakhs in 2023.
- Cash and cash equivalents at the end of the year decreased from 902.98 lakhs in 2022 to 611.42 lakhs in 2023.
Particulars | 2023 | 2022 |
Current Ratio | 1.71 | 1.53 |
Debt- Equity Ratio | 0.11 | 0.19 |
Debt-Service Coverage Ratio | 12.05 | 17.84 |
Return on Equity (ROE) | 18.69% | 69.07% |
Trade receivables turnover ratio | 116.95 | 209.15 |
Inventory Turnover Ratio | 3.56 | 4.47 |
Trade payables turnover ratio | 2 | 2.43 |
Net capital turnover ratio4 | 8.1 | 10.49 |
Net profit ratio | 8.35% | 16.03% |
Return on capital employed (ROCE) | 16.09% | 39.63% |
Insights into the financial health and performance of the company in 2023 and 2022:
1. Current Ratio:
- Increased from 1.53 in 2022 to 1.71 in 2023, indicating an improvement in the company 's ability to cover its short-term liabilities with its short-term assets.
2. Debt-Equity Ratio:
- Decreased from 0.19 in 2022 to 0.11 in 2023, suggesting a lower level of debt relative to equity in 2023 compared to 2022. This indicates a potentially stronger financial position with less reliance on debt financing.
3. Debt-Service Coverage Ratio (DSCR):
- Decreased from 17.84 in 2022 to 12.05 in 2023. While still high, this decrease suggests a slightly reduced ability to cover debt obligations with operating income in 2023 compared to 2022.
4. Return on Equity (ROE):
- Decreased from 69.07% in 2022 to 18.69% in 2023, indicating a lower profitability relative to shareholders ' equity in 2023 compared to 2022.
5. Trade Receivables Turnover Ratio:
- Decreased from 209.15 in 2022 to 116.95 in 2023, suggesting that the company took longer to collect payments from its trade receivables in 2023 compared to 2022.
6. Inventory Turnover Ratio:
- Decreased from 4.47 in 2022 to 3.56 in 2023, indicating a decrease in the efficiency of inventory turnover in 2023 compared to 2022.
7. Trade Payables Turnover Ratio:
- Decreased from 2.43 in 2022 to 2 in 2023, indicating a longer period for the company to pay its trade payables in 2023 compared to 2022.
8. Net Capital Turnover Ratio:
- Decreased from 10.49 in 2022 to 8.1 in 2023, indicating a decrease in the efficiency of capital utilization in generating sales revenue in 2023 compared to 2022.
9. Net Profit Ratio:
- Decreased from 16.03% in 2022 to 8.35% in 2023, indicating a lower percentage of net profit generated from total revenue in 2023 compared to 2022.
10. Return on Capital Employed (ROCE):
- Decreased from 39.63% in 2022 to 16.09% in 2023, indicating a lower return generated from the capital employed in the business in 2023 compared to 2022.
Particulars |
2023 |
Dividend (final + interim) (In Rs.) |
1 |