| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Starlite Global Enterprises India Limited |
|
Particulars |
2023 |
2022 |
|
ASSETS |
|
|
|
Non-current assets |
|
|
|
Property, plant and equipment |
1,245.87 |
1,467.10 |
|
Investment Property |
2,148.48 |
1,944.86 |
|
Capital work-in-progress |
4,875.83 |
3,533.01 |
|
Financial assets |
|
|
|
(i)Investments |
- |
228.72 |
|
Deferred Tax Assets (Net) |
- |
11.87 |
|
Other non-current assets |
17.00 |
16.77 |
|
Total Non-Current assets |
8,287.18 |
7,202.33 |
|
Current assets |
|
|
|
Inventories |
16,161.47 |
1,525.03 |
|
Financial assets |
|
|
|
(i)Loans |
134.02 |
253.36 |
|
(ii)Trade receivables |
258.50 |
539.28 |
|
(iii)Cash and cash equivalents |
88.70 |
248.70 |
|
(iv)Bank balances other than cash and cash equivalents |
3.84 |
3.94 |
|
(v) Investments |
79.11 |
84.64 |
|
(vi) Other current financial assets |
0.54 |
0.54 |
|
Other current assets |
334.41 |
270.65 |
|
Total current assets |
2,515.59 |
2,926.14 |
|
Total Assets |
10,802.77 |
10,128.47 |
|
EQUITY & LIABILITIES |
|
|
|
Equity |
|
|
|
Equity share capital |
397.28 |
397.28 |
|
Retained Earnings |
2,436.11 |
2,353.61 |
|
Other Components of Equity |
1,799.09 |
1,856.24 |
|
|
4,632.48 |
4,607.13 |
|
Total Equity Attributable to Equity Shareholders of Company (SGEIL) |
4,632.48 |
4,607.13 |
|
Total Equity |
4,632.48 |
4,632.48 |
|
Liabilities |
|
|
|
Non-current liabilities |
|
|
|
Financial liabilities |
|
|
|
(i) Borrowings |
1,020.01 |
1,197.63 |
|
Other Non- Current Liabilities |
1,872.68 |
2,217.53 |
|
Total non-current liabilities |
2,892.69 |
3,415.16 |
|
Current liabilities |
|
|
|
Financial liabilities |
|
|
|
(i) Other current financial liabilities |
879.08 |
1,748.35 |
|
Current tax liability |
71.74 |
33.47 |
|
Other current liabilities |
2,323.01 |
324.35 |
|
Deferred Tax Liability (Net) |
3.78 |
- |
|
Total current liabilities |
3,277.61 |
2,106.17 |
|
Total Liabilities |
6,170.30 |
5,521.34 |
|
Total Equity and Liabilities |
10,802.78 |
10,128.47 |
|
Particulars |
2023 |
2022 |
|
|
|
Income |
|
|
|
|
|
Revenue from Operations |
1,341.87 |
1,226.92 |
|
|
|
Other Income |
107.20 |
73.82 |
|
|
|
Finance Income |
0.36 |
3.29 |
|
|
|
I. Total Income |
1,449.43 |
1,304.03 |
|
|
|
Expenses |
|
|
|
|
|
Cost of Material Consumed |
370.57 |
394.55 |
|
|
|
Changes in Inventories Employee benefits expense |
- 127.86 |
- 105.28 |
|
|
|
Operating & Other expenditure |
421.76 |
320.28 |
||
|
Depreciation and amortisation expense |
274.93 |
325.97 |
||
|
Finance costs |
84.41 |
200.19 |
||
|
II. Total expenses |
1,279.53 |
1,346.28 |
||
|
IV. Exceptional Items |
|
|
||
|
V. Profit/(loss) after exceptional items and tax (III+IV) |
169.90 |
-42.25 |
||
|
VI.Tax expenses |
|
|
||
|
(i) Current tax |
71.74 |
33.47 |
||
|
(ii) Deferred tax |
15.65 |
12.02 |
||
|
Income Tax Expense |
87.39 |
45.49 |
||
|
VII. Profit for the year (V-VI) |
82.51
|
-87.74
|
||
|
Other comprehensive income (OCI) |
||||
|
IX. Total Comprehensive income (VII+VIII) |
82.51 |
-87.74 |
||
|
X. Profit for the year Attributable to |
|
|
||
|
X. Total Comprehensive income Attributable to |
|
|
||
|
(i) Owners of Parent Company(SGEIL) |
82.51 |
-87.74 |
||
|
(i) Non Controlling Interests |
- |
- |
||
|
|
82.51 |
-87.74 |
||
|
XI. Earnings/ (loss) per share: |
|
|
||
|
(a) Basic |
2.08 |
-2.21 |
||
|
(b) Diluted |
2.08 |
-2.21 |
|
Particulars |
2023 |
2022 |
|
A. Cash flow from operating activities |
|
|
|
Profit/(Loss) before tax and exceptional items |
169.90 |
-42.25 |
|
Adjustment to reconcile profit/(Loss) before tax to net cash flows: |
|
|
|
Depreciation and amortisation expense |
274.93 |
325.97 |
|
Finance Income |
-0.36 |
-3.29 |
|
Finance Cost |
84.41 |
200.19 |
|
Unrealised foreign exchange gain on Foreign Currency Translation Reserve |
-57.16 |
51.75 |
|
Dividend Income from Financial Assets measured at FVTPL |
-0.90 |
-0.72 |
|
Operating profit before working capital changes |
470.81 |
531.65 |
|
Movements in working capital |
|
|
|
(Increase)/ Decrease in Inventories |
-91.44 |
- |
|
(Increase)/ Decrease in Loans |
119.34 |
-85.41 |
|
(Increase)/ Decrease in Trade receivables |
280.79 |
21.16 |
|
(Increase)/ Decrease in other current assets |
-63.76 |
381.71 |
|
(Increase)/ Decrease in other non current assets |
-0.23 |
-7.95 |
|
Increase/ (Decrease) in Noncurrent Liabilities |
-344.85 |
560.45 |
|
Increase/ (Decrease) in Current Liabilities |
1,998.66 |
-56.60 |
|
Cash generated from operations |
1,898.50 |
813.36 |
|
Direct taxes paid |
-33.47 |
-77.82 |
|
Net cash generated from operating activities |
2,335.74 |
1,267.19 |
|
B. Cash flows from investing activities |
|
|
|
Purchase of property, plant and equipment |
-67.65 |
-51.50 |
|
Purchase of Investment Property |
-227.89 |
-241.44 |
|
Capital Work in progress |
-1,342.82 |
-177.66 |
|
Proceeds from Sale of Assets |
38.21 |
- |
|
(Increase)/ Decrease in Bank balances other than cash and cash equivalents |
0.10 |
34.85 |
|
(Increase)/ Decrease in Non Current Investments |
228.72 |
31.18 |
|
(Increase)/ Decrease in Current Investments |
5.53 |
28.01 |
|
Dividend Income |
0.90 |
0.72 |
|
Interest Income |
0.36 |
3.29 |
|
Net cash used in investing activities |
-1,364.54 |
-1,372.55 |
|
C. Cash flows from financing activities |
|
|
|
Proceeds/(Repayment) of long term borrowings |
-177.63 |
-46.08 |
|
Movement in current financial Liabilities |
-869.27 |
552.91 |
|
Finance Cost |
-84.41 |
-200.19 |
|
Net cash generated/(used in) from financing activities |
-1,131.30 |
306.64 |
|
Net (decrease)/increase in cash and cash equivalents |
-160.00 |
201.29 |
|
Cash and cash equivalents at the beginning of the year |
248.70 |
47.41 |
|
Cash and cash equivalents at the end of the year |
88.70 |
248.70 |
|
Components of cash and cash equivalents |
|
|
|
Cash on hand |
1.32 |
2.16 |
|
Balances with banks (in Current accounts) |
87.39 |
246.70 |
|
Total cash and cash equivalents |
88.70 |
248.70 |
In the financial data provided, we can see the cash flow statement for two different periods, ending on March 31, 2023.
1. Operating Profit:
The company 's operating profit before working capital changes was INR 470.81 lakhs in 2023, which is higher than the INR 531.65 lakhs in 2022.
2. Working Capital Changes:
The company experienced positive movements in various working capital components, with increases in trade receivables and decreases in inventories contributing significantly.
- The increase in trade receivables by INR 280.79 lakhs in 2023 compared to a smaller increase of INR 21.16 lakhs in 2022 indicates improved sales and collection efficiency.
- The decrease in inventories by INR 91.44 lakhs in 2023 also positively impacted cash flows, although there was no specific data for 2022.
3. Non-Current Liabilities:
There was a decrease of INR 344.85 lakhs in non-current liabilities in 2023, while in 2022, there was an increase of INR 560.45 lakhs. This contributed positively to cash flows.
On the investing activities front, the company made significant capital investments in 2023, including property, plant and equipment, and investment property, amounting to INR -67.65 lakhs and INR -227.89 lakhs, respectively. This was offset by proceeds from the sale of assets (INR 38.21 lakhs) and an increase in non-current investments (INR 228.72 lakhs). In 2022, the company also invested in these categories, with similar figures, resulting in a net cash use of INR -1,364.54 lakhs in 2023 and INR -1,372.55 lakhs in 2022.
For financing activities, the company generated INR -1,131.30 lakhs in cash in 2023, primarily due to repayments of long-term borrowings (INR -177.63 lakhs) and changes in current financial liabilities (INR -869.27 lakhs). In contrast, the company generated INR 306.64 lakhs in cash from financing activities in 2022, with similar factors in play.
|
Particulars |
2023 |
|
EBITDA |
0.25% |
|
Networth |
-0.92% |
|
Debt/Equity Ratio |
0.33 |
|
Return on Equity |
-0.93% |
|
Total Assets |
12.66% |
|
Fixed Assets |
17.81% |
|
Current Assets |
1.21% |
|
Current Liabilities |
36.47% |
|
Trade Receivables |
86.30% |
|
Trade Payables |
0.00% |
|
Current Ratio |
0.6 |
In 2023, the company 's financial performance metrics paint a concerning picture.
1. EBITDA Margin:
The EBITDA margin for the year was a mere 0.25%. This suggests that the company 's earnings before interest, taxes, depreciation, and amortization are only a fraction of its total revenue, which could indicate low profitability or a challenging operating environment.
2. Net Worth:
The company 's net worth experienced a significant decline, with a negative figure of -0.92%. A negative net worth implies that the company 's liabilities exceed its assets, indicating potential financial instability.
3. Debt/Equity Ratio:
The debt-to-equity ratio was 0.33, which suggests that the company had a moderate level of debt compared to its equity. While this ratio doesn 't appear excessively high, it should be assessed in the context of the company 's industry and financial situation.
4. Return on Equity (ROE):
The company reported a negative ROE of -0.93%. This indicates that the company did not generate a positive return for its shareholders in 2023. It is important for investors to closely examine the reasons behind this negative ROE.
5. Total Assets:
Total assets increased by a substantial 12.66% in 2023. This suggests that the company expanded its asset base during the year, potentially through investments in fixed assets and other categories.
6. Fixed Assets:
Fixed assets increased by a notable 17.81%. This may indicate investments in property, plant, and equipment, which could be for capacity expansion or technology upgrades.
7. Current Assets:
Current assets increased by 1.21%. While this increase is relatively modest, it could indicate improved liquidity with a higher level of assets readily convertible into cash.
8. Current Liabilities:
Current liabilities, on the other hand, increased significantly by 36.47%. This substantial increase in short-term obligations could pose challenges for the company 's liquidity and working capital management.
9. Trade Receivables:
Trade receivables surged by 86.30%. This could signify an issue with the company 's credit and collection policies, potentially leading to delayed or uncollectible payments from customers.
10. Trade Payables:
Surprisingly, the trade payables remained at 0.00%, which could suggest that the company did not have any outstanding payables to its suppliers at the end of the year.
11. Current Ratio:
The current ratio, calculated as current assets divided by current liabilities, was a low 0.6. This indicates a potential liquidity issue, as the company 's short-term liabilities outweigh its short-term assets.
