|
Particulars |
As at 31 March 2023 |
As at 31 March 2022 |
|
ASSETS |
|
|
|
Non - Current Assets |
|
|
|
A. Property, Plant, Equipment and Intangible assets |
|
|
|
i) Property, Plant and Equipment |
27.98 |
27.98 |
|
ii) Intangible Assets |
0.08 |
0.05 |
|
B. Non Current Investments |
66.26 |
27.25 |
|
C. Deferred Tax Assets |
0.55 |
0.62 |
|
D. Long Term Loans and Advances |
101.37 |
101.63 |
|
E. Other Non Current Assets |
92.22 |
86.34 |
|
CURRENT ASSETS |
- |
- |
|
A. Current Investments |
5.79 |
11.20 |
|
B. Trade Receivables |
1.73 |
1.50 |
|
C. Cash and Bank Balances |
47.09 |
86.47 |
|
D. Short Term Loans and Advances |
1.02 |
0.81 |
|
E. Other Current Assets |
47.83 |
48.41 |
|
Total Assets |
391.91 |
392.19 |
|
EQUITY & LIABILITIES |
|
|
|
1. SHAREHOLDERS ' FUND |
|
|
|
A. Share Capital |
0.06 |
0.06 |
|
B. Reserves and Surplus |
197.15 |
193.53 |
|
Total Equity |
197.21 |
193.59 |
|
2. NON CURRENT LIABILITIES |
|
|
|
A. Other Long Term Liabilities |
94.34 |
94.34 |
|
B. Deferred Tax Liability |
0.00 |
- |
|
Total |
94.34 |
94.34 |
|
3. CURRENT LIABILITIES |
|
|
|
A. Trade Payables |
|
|
|
i) Total outstanding dues of micro enterprises and small enterprises |
|
|
|
ii) Total outstanding dues of creditors other than micro enterprises and small enterprises |
1.04 |
0.93 |
|
B. Other Current Liabilities |
97.16 |
101.26 |
|
C. Short Term Provisions |
2.16 |
2.06 |
|
Total |
100.36 |
104.25 |
|
Total Equity & Liabilities |
391.91 |
392.19 |
|
PARTICULARS |
2023 |
2022 |
|
Income : |
|
|
|
Revenue from Operations |
5.66 |
4.44 |
|
Other Income |
12.98 |
13.03 |
|
Total (I) |
18.64 |
17.47 |
|
Expenses : |
|
|
|
Employee Benefits Expense |
9.71 |
8.52 |
|
Other Expenses |
2.94 |
2.89 |
|
Depreciation and Amortization Expense |
0.21 |
0.20 |
|
Contribution to SEBI |
0.30 |
0.21 |
|
Contribution to Stock Exchange Investors ' Protection Fund |
0.98 |
0.57 |
|
Total (II) |
14.15 |
12.40 |
|
Profit before Tax and contribution to Settlement Guarantee Fund and Investors ' Service Fund (III = I-II) |
4.50 |
5.07 |
|
Tax Expenses : |
|
|
|
Total Current Tax (Net) |
1.17 |
0.78 |
|
Pertaining to profit for the current year Adjustment of tax relating to earlier years MAT Credit utilised during the year |
0.00 |
0.01 |
|
(Refer Note no - 35) Deferred Tax |
-0.37 |
-0.20 |
|
Total Tax Expense (IV) |
0.88 |
1.07 |
|
Profit after tax before contribution to Settlement Guarantee Fund, Investors ' Service Fund and apportioned to General Reserve of |
|
|
|
Pre-Demutualisation period (V = III-IV) |
3.62 |
4.00 |
|
Apportioned to General Reserve of Pre-Demutualisatin period |
- |
0.55 |
|
Less: Tax on above Contribution to Settlement Guarantee Fund (net of tax) |
-2.35 |
2.45 |
|
Contribution to Investors ' Service Fund (net of tax) |
0.88 |
0.74 |
|
Total of Contributions to Settement Guarantee Fund, Investors ' Service Fund and apportioned |
|
|
|
to General Reserves of Pre-Demutualisation Period (net of tax) [VI] |
3.22 |
3.74 |
|
Profit after tax for the year (V-VI) |
0.39 |
0.26 |
|
Earning Per Share |
|
|
|
Basic |
6.42 |
4.18 |
|
Diluted |
6.42 |
4.18 |
|
Particulars |
31st March 2023 |
31 March 2022 |
|
A. Cash Flow from Operating Activities |
|
|
|
Net Profit after Tax as per Statement of Profit and Loss |
4.50 |
5.07 |
|
Adjustments to reconcile profit before tax to cash generated by operating activities : |
|
|
|
Depreciation and Amortization expense |
0.21 |
0.20 |
|
(Profit)/Loss on sale/discard of property, plant and equipment |
-0.01 |
0.00 |
|
Provision for Doubtful Debts and Advances |
0.03 |
0.12 |
|
Bad Debts (net of provision) |
0.04 |
- |
|
Sundry balance written off |
0.03 |
0.02 |
|
Liabilities/Provisions no longer required, written back |
-0.94 |
-1.51 |
|
Interest on Fixed Deposits |
-8.54 |
-9.08 |
|
Interest on Bonds |
-1.48 |
-0.11 |
|
Interest on Income Tax Refunds |
-0.13 |
- |
|
Dividend Income from Investments |
-0.59 |
-0.42 |
|
Profit on sale of Investments |
-0.53 |
-1.08 |
|
Operating (Loss) / profit before working capital changes |
-7.41 |
-6.80 |
|
Movements in working capital: |
|
|
|
Increase / (Decrease) in Long Term Liabilities |
- |
-0.62 |
|
Increase / (Decrease) in Short Term Provisions |
0.05 |
-0.31 |
|
Increase in Trade Payables |
0.12 |
-0.50 |
|
Decrease in Other Current Liabilities |
-1.64 |
1.00 |
|
Decrease in SGF - Other Current Liabilities on account of Shares and Fixed Deposits |
-1.41 |
63.24 |
|
(Increase) in Trade Receivables |
-0.30 |
-0.22 |
|
(Increase) in Long Term Loans & Advances |
-0.70 |
-0.17 |
|
(Increase) / Decrease in Short Term Loans & Advances |
-0.24 |
-0.45 |
|
Increase in SGF - Other Assets on account of Shares |
0.88 |
-46.42 |
|
Decrease in Other Current Assets |
74.44 |
90.15 |
|
Cash used in operations |
63.78 |
98.91 |
|
Payment of direct taxes (net) |
0.21 |
-0.03 |
|
Net Cash used in Operating Activities |
64.00 |
98.88 |
|
B. Cash flows from investing activities |
|
|
|
Proceeds from sale of property, plant and equipment |
0.02 |
0.01 |
|
Purchase of property, plant and equipment |
-0.28 |
-0.03 |
|
Proceeds from Sale of Current Investments (net) |
0.53 |
1.08 |
|
Dividend income from Investments |
5.51 |
-9.80 |
|
Investment in SGF - Fixed Deposits |
-4.98 |
-7.02 |
|
Investment in SGF - Other Assets on account of Fixed Deposits |
-120.22 |
-83.82 |
|
Investment in Fixed Deposits |
42.43 |
-11.24 |
|
Proceeds from maturity of Fixed Deposits / Mutual Fund investments |
8.54 |
9.06 |
|
Interest on Fixed Deposits |
0.13 |
- |
|
Interest on Income Tax Refunds |
1.48 |
0.11 |
|
Interest on Bonds |
-66.25 |
-101.24 |
|
Net cash used in investing activities |
|
|
|
C. Cash flows from financing activities |
|
|
|
Dividend Paid on equity shares |
-0.11 |
-0.10 |
|
Tax on equity dividend paid |
- |
- |
|
Net Cash Flow from financing activities |
-0.11 |
-0.10 |
|
Net Increase/Decrease in Cash (A+B+C) |
-2.36 |
-2.46 |
|
Add: Cash and Cash Equivalents at beginning |
9.05 |
11.51 |
|
Cash and Cash Equivalents as at end |
6.69 |
9.05 |
|
Particulars |
31-Mar-23 |
31-Mar-22 |
|
Current Ratio (in times) |
1.03 |
1.42 |
|
Return on Equity Ratio (in %) |
20.10% |
21.30% |
|
Trade Receivables Turnover Ratio (in times) |
3.3 |
1.95 |
|
Trade Payable Turnover Ratio (in times) |
3.49 |
2.78 |
|
Net Capital Turnover Ratio (in times) |
1.83 |
0.11 |
|
Net Profit Ratio (in %) |
6.93% |
5.75% |
|
Return on Investment (in %) |
7.40% |
8.00% |
|
Return on Capital Employed Ratio (in %) |
1.06% |
1.10% |
|
Particulars |
2023 |
2022 |
|
Dividend per Share |
NIL |
NIL |
|
Retained Earnings (In Rs. Crores) |
130.17 |
130.06 |
Revenue:
In 2023, the total income was ₹18.64 crore, representing a modest increase from ₹17.47 crore in 2022. This indicates slight revenue growth during the year
Total Expenses:
Total expenses in 2023 amounted to ₹14.15 crore, higher than the ₹12.40 crore in 2022. This suggests increased operational costs or investments in the business during 2023.
Profit before Tax:
The profit before tax in 2023 was ₹4.50 crore, slightly lower than the ₹5.07 crore recorded in 2022. This indicates a slight decrease in pre-tax profitability in 2023 compared to the previous year.
Earnings Per Share (EPS - Basic and Diluted):
Both basic and diluted EPS in 2023 were ₹6.42 crore, which was higher than the ₹4.18 crore in 2022. Shareholders earned higher earnings per share in 2023, indicating improved profitability on a per-share basis.
In summary, while the total income showed a modest increase in 2023, the increase in total expenses resulted in a slight decrease in pre-tax profitability compared to 2022. However, the company 's bottom-line performance improved significantly in 2023, as indicated by the higher profit after tax and earnings per share.
