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Sasvitha Home Finance Annual Reports, Balance Sheet and Financials

Sasvitha Home Finance Limited (Sasvitha Home Finance) Return Comparision with Primex 40 Index

Periods 1 Week 1 Month 3 Months 6 Months 1 Year 3 Years All Time
Primex-40
Sasvitha Home Finance Limited

Sasvitha Home Finance Limited Balance Sheet (In Rs Hundreds)

Particulars

2022

2021

ASSETS

 

 

1. Non- Current Assets

 

 

a) Property, plant and equipment and Intangible assets

 

 

(i) Property, plant and equipment

78,857.86

82,758.16

(ii) Intangible assets

7,665.51

12,371.45

b) Long term loans and advances

1,09,31,248.56

66,54,516.62

c) Other non-current assets

15,161.99

22,806.99

Total Non- Current Assets

1,10,32,933.94

67,72,453.22

2. Current Assets

 

 

a) Cash and Bank Balances

5,53,547.43

37,010.30

b) Short term loans and advances

3,06,920.58

2,64,644.41

c) Other current assets

23,444.46

18,965.67

Total Current Assets

8,83,912.47

3,20,620.38

Total Assets

1,19,16,846.41

70,93,073.60

 

 

 

EQUITY AND LIABILTIES

 

 

1. Equity

 

 

a) Equity Share Capital

26,88,911.10

21,14,911.10

b) Reserves and surplus

11,76,254.63

1,09,420.73

Total Equity

38,65,165.73

22,24,331.83

2. Liabilities

 

 

1. Non- current liabilities

 

 

a) Long term borrowings

63,67,277.84

38,84,288.17

b) Deferred tax liabilities (net)

5,397.87

109.94

c) Long term provisions

36,873.64

23,946.39

Total Non-Current Liabilities

64,09,549.35

39,08,344.50

3. Current Liabilities

 

 

a) Short term borrowings

15,53,265.84

9,16,974.76

b) Trade payables

 

 

(i) Micro enterprises and small enterprises

2,750.00

2,500.00

(ii) Creditors other than micro enterprises and small enterprises

9,102.37

12,016.05

c) Other current liabilities

37,512.22

21,182.87

d) Short-term provisions

39,500.90

7,723.59

Total Liabilities

16,42,131.33

9,60,397.27

Total Equity and Liabilities

1,19,16,846.41

70,93,073.60

 

Sasvitha Home Finance Limited Profit & Loss Statement (In Rs Hundreds)

Particulars

2022

2021

Revenue From Operations

1382225.35

790690.80

Income from operations

49510.27

15775.17

Total Income

1431735.62

806465.97

Expenses

 

 

Finance cost

609172.36

297528.04

Employees benefit expense

205609.35

143311.41

Depreciation and amortization expense

22584.58

20758.72

Other expenses

210757.40

160346.83

Provisions

41210.20

-2757.09

Total expenses

1089333.89

619187.91

Profit before tax

342401.73

187278.06

Tax expense

 

 

(a) Current tax

84279.90

35700.00

(b) Deferred tax

5287.93

109.94

Profit for the year

89567.83

35809.94

Earning per Equity share

 

 

Basic

1.11

0.72

Diluted

1.11

0.72

 

Sasvitha Home Finance Limited Consolidated Cash Flow Statement (In Rs Hundreds)

Particulars

2022

2021

Cash flows from operating activities

 

 

Profit before taxation

342401.73

187278.06

Adjustments for:

 

 

Depreciation and amortisation expense

22584.58

20758.72

Provision for Standard Assets

11306.85

8538.63

Provision under resolution framework

19521.22

3076.26

Provision for NPA

10382.13

-

Provision of contingency

-

-14371.98

Provision for gratuity

1620.41

2697.78

Interest Earned on Deposits

-3737.00

-2930.64

Interest and finance charges

609172.36

297528.04

Operating Profit Before Working Capital Changes

1013252.28

502574.87

Changes in Working Capital

 

 

Increase(Decrease) in trade payables

-2663.68

10913.38

Increase(Decrease) in other current liabilities

16329.35

7800.09

(Increase)/Decrease in short-term loans and advances

-7496.65

8771.15

(Increase)Decrease in other assets

6339.87

-11628.41

Operating Profit after Working Capital Changes

1025761.17

518431.08

Increase/Decrease in Housing/other loans

-4311511.46

-3250488.81

Income tax paid (net)

-82405.95

22451.65

Net cash used in Operating Activities

3368156.24

-2754509.38

Cash flows from investing activities

 

 

Purchase of property, plant and equipment and intangible assets

-13978.36

-19590.38

Interest received on Deposits

563.34

5158.52

(Investments)/redemption of Deposits

-100180.80

98800.00

Net Cash (used in)/ from Investing Activities

113595,82

84368.14

Cash flow from financing activities

 

 

Proceeds from issue of shares

1388000

-

Proceeds from long-term borrowings (net)

3152129.8

2793460.37

Proceeds from short-term borrowings from related parties

75000

-

Increase/ (Decrease) in other short-term borrowings

-107849.05

191322.64

lnterest and finance charges paid

-609172.36

-297528.04

Net cash from Financing Activities

3898108.39

2687254.97

Net increase in cash and cash equivalents

416356.33

17113.73

Cash and cash equivalents at the beginning of the financial year

25810.3

8696.57

Cash and cash equivalents at the end of the financial year

442166.63

25810.3

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

Cash Flows from Operating Activities:

1. Profit Before Taxation:

In 2022, the profit before taxation was ₹342,401.73, a significant increase from ₹187,278.06 in 2021.

2. Adjustments for Depreciation and Amortisation Expense:

Depreciation and amortisation expenses increased from ₹20,758.72 in 2021 to ₹22,584.58 in 2022.

3. Provisions:

Several provisions were made, including Standard Assets, Resolution Framework, NPA, and Gratuity. Notably, there was a provision for NPA in 2022, which was absent in 2021.

4. Interest Earned and Finance Charges:

Interest earned on deposits decreased, and interest and finance charges increased significantly in 2022 compared to 2021.

5. Operating Profit Before Working Capital Changes:

The operating profit before working capital changes rose sharply from ₹502,574.87 in 2021 to ₹1,013,252.28 in 2022.

6. Changes in Working Capital:

Trade payables decreased, while other current liabilities, short-term loans and advances, and other assets showed varying trends.

7. Operating Profit After Working Capital Changes:

Despite changes in working capital, the operating profit after these changes increased to ₹1,025,761.17 in 2022.

8. Increase/Decrease in Housing/Other Loans:

A significant decrease in housing/other loans in 2022 (-₹4,311,511.46) compared to 2021 (-₹3,250,488.81).

9. Income Tax Paid (Net):

Net income tax paid increased in 2022 compared to 2021.

10. Net Cash Used in Operating Activities:

A substantial increase in net cash used in operating activities in 2022 compared to a negative value in 2021.

Cash Flows from Investing Activities:

1. Purchase of Property, Plant, and Equipment:

Expenditure on property, plant, and equipment decreased in 2022.

2. Interest Received and Investments/Redemption of Deposits:

Interest received on deposits increased, and there was a net cash inflow from investing activities in 2022.

Cash Flows from Financing Activities:

1. Proceeds from Issue of Shares:

In 2022, there were proceeds from the issue of shares, which were absent in 2021.

2. Long-term Borrowings:

Significant proceeds from long-term borrowings, both in 2022 and 2021.

3. Short-term Borrowings:

Notable changes in short-term borrowings, with an increase in other short-term borrowings in 2022.

4. Interest and Finance Charges Paid:

Substantial payments for interest and finance charges, with a significant increase in 2022.

5. Net Cash from Financing Activities:

A substantial increase in net cash from financing activities in 2022 compared to 2021.

Net Increase in Cash and Cash Equivalents:

The net increase in cash and cash equivalents was significantly higher in 2022 (₹416,356.33) compared to 2021 (₹17,113.73).

Cash and Cash Equivalents:

The cash and cash equivalents at the end of the financial year increased to ₹442,166.63 in 2022 from ₹25,810.30 in 2021.

Financial Ratios

Ratio

2022

2021

Debt equity ratio

2.05

2.16

Return on equity

17.34%

10.18%

Trade payable turnover ratio

12.87

5.30%

Net capital turnover ratio

-1.82

47.50%

Net profit ratio

18.29%

-0.86%

Return on capital employed

8.07%

1.17%

Return on investment

4.08%

-0.76%

 

Here is a summary of the Financial Ratio for the years 2022 and 2021:

1. Debt Equity Ratio:

2022: 2.05, 2021: 2.16

The debt equity ratio measures the proportion of a company 's debt to its equity. A ratio above 1 indicates that the company has more debt than equity. A decrease from 2.16 in 2021 to 2.05 in 2022 suggests a slight improvement in the company 's financial leverage. However, the company still has more debt than equity.

2. Return on Equity (ROE):

2022: 17.34%, 2021: 10.18%

ROE indicates the profitability of a company in relation to shareholders ' equity. A higher ROE is generally favourable. The increase from 10.18% in 2021 to 17.34% in 2022 signifies improved profitability in relation to shareholders ' investment.

3. Trade Payable Turnover Ratio:

2022: 12.87, 2021: 5.30%

Trade payable turnover ratio measures how quickly a company pays its suppliers. A higher ratio indicates a shorter time to pay off payables. The increase from 5.30% in 2021 to 12.87 in 2022 suggests that the company is managing its trade payables more efficiently in 2022.

4. Net Capital Turnover Ratio:

2022: -1.82, 2021: 47.50%

Net capital turnover ratio measures how efficiently a company uses its capital to generate revenue. A negative ratio is unusual and may indicate operational challenges. The significant decrease from 47.50% in 2021 to -1.82 in 2022 is concerning. It implies that the company 's capital is not effectively utilized to generate revenue, possibly indicating operational inefficiencies or financial challenges.

5. Net Profit Ratio:

2022: 18.29%, 2021: -0.86%

Net profit ratio measures the percentage of profit relative to total revenue. A negative ratio in 2021 is uncommon and could be due to a net loss. The increase from -0.86% in 2021 to 18.29% in 2022 indicates a significant turnaround in profitability, with the company earning a positive net profit in 2022.

6. Return on Capital Employed (ROCE):

2022: 8.07%, 2021: 1.17%

ROCE assesses the efficiency of capital utilization, including both debt and equity. The increase from 1.17% in 2021 to 8.07% in 2022 signifies improved efficiency in generating profits from the capital employed.

7. Return on Investment (ROI):

2022: 4.08%, 2021: -0.76%

ROI measures the return on overall investments made by the company. The increase from -0.76% in 2021 to 4.08% in 2022 indicates a positive return on investments, suggesting a better performance in utilizing invested capital.

Dividend History (NA)

Annual Report

Sasvitha Home Finance Annual Report 2021-22

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