Sree Akkamamba Textiles Limited (Akkamamba Textiles) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Sree Akkamamba Textiles Limited

SREE AKKAMAMBA TEXTILES Limited Balance Sheet (In Rs. Crores)

PARTICULARS	31st March 2023	31st March 2022
Equity and Liabilities Shareholders ' Funds
Share Capital	1.70	1.70
Reserves and Surplus	32.87	46.24
Total Equity	34.58	47.94
Non-Current Liabilities
Long-term Borrowings	12.98	15.06
Other Long-term liabilities	2.77	2.55
Deferred Tax Liability (Net)	6.22	11.14
Long-term Provisions	0.32	0.20
Total Non-Current Liabilities	22.29	28.94
Current Liabilities
Short-term Borrowings	27.64	34.15
Trade Payables:
Total outstanding dues of micro and small enterprises	0.041	0.059
Total outstanding dues of creditors other than micro and small enterprises	3.77	0.01
Other Current Liabilities	6.22	8.30
Short term Provisions	0.043	4.36
Total Current Liabilities	37.71	46.88
TOTAL LIABILITIES	94.57	123.76
Assets
Non current Assets
Property, Plant and Equipment and Intangible Assets:
Property, Plant and Equipment (Net Block)	53.78	56.99
Intangible Assets	-	-
Capital Work in Progress	0.060	-
Non-current Investments	0.37	3.88
Deferred Tax Assets (net)	-	-
Long term Loans and Advances	5.34	4.74
Trade Receivables	-	-
Other Non-Current assets	2.28	2.01
Total Non-current Assets	61.83	67.62
Current Assets
Inventories	20.70	31.66
Trade Receivables	8.98	18.85
Cash and Bank Balances	1.17	0.34
Short term Loans and Advances	1.05	4.74
Other Current Assets	0.85	0.55
Total Current Assets	32.74	56.14
Total Assets	94.57	123.76

SREE AKKAMAMBA TEXTILES Limited Profit & Loss Statement (In Rs. Crores)

PARTICULARS	31st March 2023	31st March 2022
Income:
Revenue from operations	114.46	171.25
Other Income	1.05	0.59
Total Income	115.50	171.84
Expenses:
Cost of raw materials and components consumed	69.37	88.85
[Increase]/Decrease in Inventories of finished goods	3.57	-4.07
Employee benefits expense	17.57	19.92
Finance Costs	3.65	4.85
Depreciation and amortization expense	4.34	4.24
Provision for diminution in value of Investments	3.51	-
Other expenses	30.40	34.56
Total Expenses	132.41	148.35
Profit/(Loss) before exceptional items & tax Exceptional item	-16.91	23.49
Loss of Stocks due to fire accident	1.04	-
Profit/(Loss) before tax	-17.95	23.49
Less: Tax expenses:
Short/(Excess) provision of IT for earlier years	-0.0069	-
Tax	-	4.21
MAT credit entitlement	-	-0.87
MAT credit adjustment for earlier years	0.0014	-
Deferred tax	-4.92	4.34
Tax for earlier years	-	-
Total tax expense	-4.92	7.69
Profit/(Loss)(after tax) for the year from continuing operations	-13.02	15.80
Earning per Equity Share:
Basic and diluted	-76.57	92.92

Sree Akkamamba Textiles Limited Financial Ratios

Financial Ratios	2023	2022	Read in
Current Ratio	0.87	1.2	Times
Debt-Equity Ratio	1.17	1.03	Times
Debt Service Coverage ratio	-0.11	0.46	Times
Inventory turnover ratio	4.37	6.66	Times
Trade Receivables turnover ratio	8.23	10.75	Times
Trade payables turnover ratio	32.12	22.96	Times
Net capital turnover ratio	-23.05	18.49	Times
Return on Equity Ratio	-32	39	%
Net profit ratio	-11	9	%

Insight of the financial ratios of Sree Akkamamba Textiles For March 31, 2023

Current Ratio: 0.87 Times

The current ratio measures the company 's ability to cover its short-term liabilities with its short-term assets. A ratio below 1 indicates potential liquidity issues. Sree Akkamamba Textiles ' current ratio of 0.87 suggests that its short-term liabilities may not be adequately covered by its current assets.

Debt-Equity Ratio: 1.17 Times

The debt-equity ratio reflects the proportion of debt and equity used to finance the company 's assets. A higher ratio indicates higher financial leverage. Sree Akkamamba Textiles ' ratio of 1.17 implies that the company is relying more on debt to finance its operations compared to equity.

Debt Service Coverage Ratio: -0.11 Times

A negative debt service coverage ratio indicates that the company is unable to cover its debt obligations with its operating income. This is a concerning sign as it suggests financial distress, and the company may face challenges in meeting its debt payments.

Inventory Turnover Ratio: 4.37 Times
The inventory turnover ratio measures how efficiently a company manages its inventory. A lower ratio may suggest slow-moving inventory. Sree Akkamamba Textiles ' ratio of 4.37 indicates a decrease in inventory turnover compared to the previous year, which may imply less efficient inventory management.

Trade Receivables Turnover Ratio: 8.23 Times
This ratio assesses how quickly the company collects payments from its customers. A lower ratio may indicate delayed collections. Sree Akkamamba Textiles ' ratio of 8.23 shows a decline from the previous year, suggesting a potential increase in the time it takes to collect receivables.

Trade Payables Turnover Ratio: 32.12 Times

A high trade payables turnover ratio indicates that the company is efficiently managing its trade payables. Sree Akkamamba Textiles ' ratio of 32.12 is higher than the previous year, indicating an improvement in the efficiency of managing trade payables.

Net Capital Turnover Ratio: -23.05 Times

A negative net capital turnover ratio may indicate operational inefficiencies, and it suggests that the company is not effectively using its capital to generate sales. Sree Akkamamba Textiles ' ratio of -23.05 is a significant decline from the previous year, indicating a potential issue in capital utilization.

Return on Equity (ROE): -32%

A negative ROE implies that the company is not generating profits from shareholders ' equity. Sree Akkamamba Textiles ' ROE of -32% is a substantial decrease from the previous year, indicating a significant decline in profitability.

Net Profit Ratio: -11%

The net profit ratio represents the percentage of profit generated from total revenue. A negative net profit ratio indicates a net loss. Sree Akkamamba Textiles ' net profit ratio of -11% reflects a decrease in profitability compared to the previous year.

In summary, based on the provided financial ratios, Sree Akkamamba Textiles appears to face challenges related to liquidity, debt servicing, inventory management, and profitability. The negative values in certain ratios raise concerns about the company 's financial health and performance. Further analysis and investigation into the specific factors affecting these ratios would be necessary to formulate appropriate strategies for improvement

Annual Report

Sree Akkamamba Textiles Limited Annual Report 2022-2023

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Sree Akkamamba Textiles Limited Annual Report 2021-22