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×

Skyline India Annual Report, Balance Sheet & Revenue

Skyline India Limited (Skyline India) Return Comparision with Primex 40 Index

Periods 1 Week 1 Month 3 Months 6 Months 1 Year 3 Years All Time
Primex-40
Skyline India Limited

Skyline India Limited Balance Sheet (Rs in hundred)

Particulars

31-03-2023

31-03-2022

ASSETS

 

 

Non-current assets

 

 

Property, Plant and Equipment

15,875

7,620

Deferred tax assets (net)

411

69

Current assets

 

 

Trade receivables

4943

24,221

Cash and cash equivalents

5312

6,879

Current Tax Assets (Net)

5380

7,527

Other current assets

69273

1,33,210

Total Assets

115276

1,79,525

EQUITY AND LIABILITIES

 

 

Equity

 

 

Equity Share capital

4,25,906

4,25,906

Other Equity

-314453

-2,55,779

LIABILITIES

 

 

Current liabilities

 

 

Other current liabilities

3823

9,398

Total Equity and Liabilities

115276

1,79,525

Skyline India Limited Profit & Loss Statement (Rs in hundred)

Particulars

31-03-2023

31-03-2023

Revenue From Operations

25659

21,786

Other Income

12789

11799

Total Income

38447

33,585

EXPENSES

 

 

Operational Expenses

29600

16,133

Purchases of Stock-in-Trade

 

 

Changes in inventories of finished goods, Stock-in -Trade and work-in-progress

-14082

-

Employee benefits expense

20,194

7,073

Finance costs

14

101

Depreciation and amortization expense

6127

2346

Other expenses

51,125

46,949

Total expenses

97464

72,602

Profit/(loss) before exceptional items and

-59016

-39,017

Deferred tax

-

-7

Mat Credit Entitlement

342

616

Profit (Loss) for the period from continuing operations

-58674

-39626

Earnings per equity share

 

 

Basic

-1.38

-0.92

Diluted

-1.38

-0.92

Earnings per equity share (for Discontinued)

 

 

Basic

-1.38

-0.92

Diluted

-1.38

-0.92

Skyline India Limited Cash Flow Statement (Rs in hundred)

Particulars

31-03-2023

31-03-2023

Operating activity

 

 

Net profit before tax

-59,016

-39,017

Adjustments for

 

 

Amount w/off

-

5,722

Depreciation

6,127

2,346

Interest received

-224

190

Operating profit before working capital changes

-53,112

-30,759

Changes in working capital

 

 

Increase / decrease in inventories

-14,082

-

Increase / decrease in trade receivables

19,279

-20,124

Increase / decrease in long term loans and advances

66,084

48,971

Increase / decrease in other current liabilities

-5,576

-869

Cash generated from operations

12,592

-762

Net cash from operating activity

12,592

-762

Investing activity

 

 

Increase / decrease in fixed assets

-14,382

-8,148

Net cash from investing activity

-14,382

-8,148

Financing activities

 

 

Interest received

224

-190

Net cash from financing activity

224

-190

Net increase/ decrease in cash and cash equivalents

-1,567

-9,100

Opening cash and cash equivalent

6,879

15,979

Closing cash and cash equivalent

5,312

6,879

Cash in hand

1,326

3,220

Cheque in hand

3,376

-

Balances with banks

 

 

Current accounts

611

276

Fixed deposit

-

3,383

Here is a summary of the Cash Flow Statement for the years 2023 and 2022:

Operating Activity

Net Profit before Tax: There is a decrease from -₹59,016 in 31-03-2022 to -₹39,017 in 31-03-2023.

Adjustments:

Amount written off: No specific amount mentioned for 31-03-2023, but it was ₹5,722 in the previous period.

Depreciation: Increased from ₹2,346 to ₹6,127.

Interest received: Increased slightly from ₹190 to -₹224 (possibly interest paid in 2023).

Operating Profit Before Working Capital Changes: Decreased significantly from -₹53,112 to -₹30,759.

Changes in Working Capital:

Inventories: Decreased by -₹14,082 in 2023.

Trade Receivables: Improved by ₹19,279 in 2023 (reduced receivables).

Long Term Loans and Advances: Increased by ₹66,084 in 2023.

Other Current Liabilities: Improved by -₹5,576 in 2023.

Cash Generated from Operations: Improved to ₹12,592 in 2023 from -₹762 in 2022.

Investing Activity

Increase/Decrease in Fixed Assets: -₹14,382 in 2023 compared to -₹8,148 in 2022.

Financing Activity

Interest Received: Net positive cash inflow of ₹224 in 2023, compared to a net outflow of -₹190 in 2022.

Cash Flow Analysis

Net Increase/Decrease in Cash and Cash Equivalents: -₹1,567 in 2023 compared to -₹9,100 in 2022.

Opening and Closing Cash Balances: There was a decrease in cash from ₹6,879 to ₹5,312 from 31-03-2022 to 31-03-2023.

Cash Breakdown

Cash in Hand: Decreased from ₹3,220 to ₹1,326.

Cheques in Hand: Decreased from ₹3,376 to 0.

Balances with Banks: Increased slightly from ₹276 to ₹611 in current accounts.

Overall Analysis

Profitability: The Company’s net profit before tax improved slightly in 2023 despite a challenging operating environment.

Operating Efficiency: Operating profit before working capital changes improved significantly, indicating better cost management.

Working Capital: Positive changes in trade receivables and long term loans and advances show effective management of liquidity and financing.

Cash Flow: Positive cash flow from operations and a decrease in investing outflows contributed to a better cash position despite lower net profits.

Financial Ratios of Skyline India Limited

Ratios

31-03-2023

31-03-2022

Current Ratio

25.89

18.28

Return on equity Ratio

-13.78

-9.16

Trade receivables turnover Ratio

0.19

1.11

Net capital turnover Ratio

-0.06

-0.24

Net profit Ratio

-2.28

-1.16

Return on capital employed

-0.14

-0.23

Current Ratio

31-03-2023: 25.89

31-03-2022: 18.28

Analysis:

The current ratio measures the company 's ability to pay its short-term obligations with its short-term assets. A higher current ratio indicates stronger liquidity. In 2023, the current ratio significantly increased to 25.89 from 18.28 in 2022, indicating a substantial improvement in liquidity and the company 's ability to cover its short-term liabilities with its current assets.

Return on Equity Ratio (ROE)

31-03-2023: -13.78%

31-03-2022: -9.16%

Analysis:

ROE measures the company 's profitability relative to shareholders ' equity. A negative ROE indicates that the company 's net income was insufficient to cover shareholders ' equity, resulting in a loss. The decrease in ROE from -9.16% in 2022 to -13.78% in 2023 indicates a worsening profitability situation relative to equity.

Trade Receivables Turnover Ratio

31-03-2023: 0.19

31-03-2022: 1.11

Analysis:

This ratio indicates how efficiently the company collects its credit sales from customers. A lower ratio suggests slower turnover and possibly inefficient credit management. The significant decrease from 1.11 in 2022 to 0.19 in 2023 indicates a substantial decline in the efficiency of collecting receivables, which could lead to cash flow challenges.

Net Capital Turnover Ratio

31-03-2023: -0.06

31-03-2022: -0.24

Analysis:

This ratio measures how effectively the company utilizes its total capital to generate sales. A negative ratio typically indicates inefficiency in capital utilization, where sales generated are less than the total capital employed. The improvement from -0.24 in 2022 to -0.06 in 2023 suggests a slight enhancement in capital efficiency, but it still indicates that capital utilization is not optimal.

Net Profit Ratio

31-03-2023: -2.28%

31-03-2022: -1.16%

Analysis:

The net profit ratio (also known as net profit margin) measures how much profit a company generates for every rupee of sales. A negative net profit ratio indicates a loss. The increase in the net profit ratio from -1.16% in 2022 to -2.28% in 2023 indicates a decrease in profitability relative to sales, reflecting increased costs or decreased revenue.

 

Return on Capital Employed (ROCE)

31-03-2023: -0.14%

31-03-2022: -0.23%

Dividend History

Particulars

31-03-2023

31-03-2022

Dividend paid

-

-

Retained earnings

-58674

-58,673

Total

-58674

-58,673

The Company has suffered losses, due to this Directors’ regret their inability to recommended dividend on equity shares for the year.

 

 

 

 

Annual Report

Skyline India Limited Annual Report 2022-2023

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