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Valecha Engineering Annual Reports, Balance Sheet and Financials

Valecha Engineering Limited (Valecha Engineering) Return Comparision with Primex 40 Index

Periods 1 Week 1 Month 3 Months 6 Months 1 Year 3 Years All Time
Primex-40
Valecha Engineering Limited

Valecha Engineering Limited Balance Sheet (Rs In Crores)

Particulars

2023

2022

Non Current Assets

 

 

(a)Property, Plant & Equipment

2.31

2.68

(b)Right of use assets

0.11

0.05

(c)Investment Property

1.62

1.66

(d)Financial Assets

 

 

(i)Investments

42.07

42.07

(ii)Other Financial Assets

80.92

74.48

(e)Other Non-Current Assets

36.99

44.98

Total Non Current Assets

164.02

165.92

Current Assets

 

 

(a)Inventories

0.01

0.03

(b)Financial Assets

 

 

(i)Trade Receivables

298.97

305.24

(ii)Cash & Cash Equivalents

9.08

5.6

(iii)Bank Balances other than (ii) above

4.25

4.18

(iv)Loans

286.53

286.6

(v)Other Financial Assets

6.36

5.97

(c)Other Current Assets

26.54

31.18

Total Current Assets Total Assets

631.74

638.8

EQUITY AND LIABILITIES

795.76

804.72

Equity

 

 

(a)Equity Share Capital

22.53

22.53

(b)Other Equity

-0.81

16.85

Total Equity

21.72

39.38

Liabilities

 

 

Non Current Liabilities

 

 

(a)Financial Liabilities

 

 

(i)Borrowings

30.78

30.78

(ii)Other Financial Liabilities

77.97

71.41

(b)Provisions

0.58

0.13

Total Non Current Liabilities

109.33

102.32

Current Liabilities

 

 

(a)Financial Liabilities

 

 

(i)Borrowings

467.53

467.56

(ii)Trade Payables

 

 

-  Total outstanding dues of micro enterprises and small enterprises; and

-73.6

0.15

-  Total outstanding dues of creditors other than micro enterprises and small enterprises

116.12

72.15

(iii)Other Financial Liabilities

7.05

113.05

(b)Other Current Liabilities

0.41

9.35

(c)Provisions

 

0.76

Total Current Liabilities

664.71

663.02

Total Equity & Liabilities

795.76

804.72

 Valecha Engineering Limited Profit & Loss Statement (Rs In Crores)

Particulars

2023

2022

Income

 

 

Revenue from Operations

90.07

230.81

Other Income

3.61

7.96

Total Income

93.68

238.77

EXPENSES

 

 

Construction Expenses 

101.27

226.42

Changes in Inventories

0.02

1.08

Employee Benefit Expenses

5.41

5.62

Finance Cost

0.19

0.21

Depreciation and Amortization Expenses

0.54

0.4

Other Expenses

3.9

2.71

Total Expenses

111.33

236.44

Profit/ (Loss) Before Exceptional Items and Tax

-17.65

2.33

Exceptional Items (Net)

-

-

Profit/ (loss) Before Tax Tax Expenses

-17.65

2.33

Current Tax (Including earlier year taxation)

 

 

Profit/ (Loss) for the year

-17.65

2.33

Other Comprehensive Income / (Loss)

 

 

A.     (i) Items that will not be reclassified to profit or loss

 

 

(a)    Fair Value of Financial Instruments

-

-

(b)    Re-measurement of gain/(loss) of investment/advances in foreign subsidiary

-

-

(c)    Re-measurement of defined benefit plans

-0.01

0.17

(ii)  Income tax relating to items that will not be classified to profit or loss

-

-

B.     (i) Items that will be reclassified to profit or loss

 

 

(a)    Re-measurement of gain/(loss) of investment/advances in foreign subsidiary

-

0.72

(ii)  Income tax relating to items that will be classified to profit or loss

-

-

Other Comprehensive Income / (Loss) for the year

-0.01

0.89

Total Comprehensive Income for the year

-17.66

3.22

Earnings per Equity Share of Face Value of Rs. 10 each

 

 

Basic and Diluted

-7.83

1.03

 Valecha Engineering Limited Consolidated Cash Flow Statement (Rs In Crores)

Particulars

2023

2022

A.  Cash flow from Operating activities

 

 

Profit Before Tax

-17.65

2.33

Add / (Deduct) Adjustment for :

 

 

Depreciation and Amortization Expense

0.54

0.4

Finance Cost

0.19

0.21

Interest Income

-1.63

-3.1

Re-measurement of defined benefit plans

-0.01

0.17

Re-measurement of gain/(loss) of investment/advances in foreign subsidiary

-

0.72

Rental Income from Investment Properties

-0.4

-0.86

Operating Profit/ (Loss) before Working Capital changes

-18.96

-0.13

Changes in Working Capital:

 

 

Adjustment for (increase) / decrease in operating assets:

 

 

Decrease in Inventories

0.03

1.08

(Increase)/ Decrease in Trade Receivable

6.27

6.9

(Increase) / Decrease Loans

0.08

3.6

(Increase)/ Decrease in other current assets and non-current financial assets

-2.26

-3.69

Adjustment for (increase) / decrease in operating liabilities:

 

 

Increase/ (Decrease) in Trade Payables

1.3

-22.12

Increase/(Decrease) in other current and financial liabilities (non-current)

7.33

-0.99

Increase/ (Decrease) in Provisions

0.09

-0.11

Cash Generated From / (used in) Operations

-6.12

-15.46

Direct Taxes (Paid)

7.99

-2.49

Net Cash Flow from operating activities (A)

1.87

-17.95

B.  Cash Flow from investing activities

 

 

Capital Expenditure for Property, Plant and Equipments, Right of use assets, Investments

-0.2

-1.14

Investments in subsidiaries

-

-0.01

Interest received

1.63

3.1

Rental Income from investment property

0.4

0.86

Net Cash flow from investing activities (B)

1.83

2.81

C.  Cash flow from financing activities

 

 

Net increase / (Decrease) in Working Capital borrowings

-0.03

-2.12

Finance Cost

-0.19

-0.21

Net Cash flow used in financing activities (C )

-0.22

-2.33

Net Increase / (Decrease) in Cash & Cash Equivalents (A+B+C)

3.48

-17.47

Cash and Cash Equivalent at the beginning of the period

5.6

23.07

Cash and Cash Equivalent at the end of the period

9.08

5.6

Certainly, here is a summary of the Cash Flow Statement for the years 2023 and 2022:

 Cash Flow from Operating Activities:

- 2023: Rs 1.87

- 2022: Rs -17.95

   Cash Flow from Investing Activities:

- 2023: Rs 1.83

- 2022: Rs 2.81

   Cash Flow from Financing Activities:

- 2023: Rs -0.22

- 2022: Rs -2.33

 Net Increase/(Decrease) in Cash & Cash Equivalents:

- 2023: Rs 3.48

- 2022: Rs -17.47

 Cash and Cash Equivalents:

- Cash at the beginning of 2023: Rs 5.6

- Cash at the end of 2023: Rs 9.08

- Cash at the beginning of 2022: Rs 23.07

- Cash at the end of 2022: Rs 5.6

The operating activities seem to have significantly improved from a negative value in 2022 to a positive value in 2023. The cash flow from investing activities decreased slightly, and the financing activities also improved slightly in 2023 compared to 2022. There 's a notable increase in cash and cash equivalents from the beginning to the end of 2023.

Bellow are the Financial Ratios

Particulars

2023

2022

Current Ratio

0.95

0.96

Debt – Equity Ratio

22.94

12.65

Debt Service Coverage Ratio

NA

NA

Return on Equity (ROE):

-57.77%

6.17%

Inventory Turnover Ratio

NA

NA

Trade receivables turnover ratio

0.3

0.75

Trade payables turnover ratio

138.82%

271.60%

Net profit ratio

-19.60%

1.01%

Net capital turnover ratio (in times)

-3.15

-11.62

Return on capital employed (%)

-2.21%

0.32%

Return on investment (ROI)

-81.26%

5.92%

Here is a summary of the financial and operational metrics for Valecha Engineering Limited for the years 2023 and 2022:

In 2023, Valecha Engineering Limited experienced a tumultuous financial landscape marked by a significant downturn across various key metrics. The company 's liquidity, reflected in the current ratio, marginally dropped to 0.95 compared to the previous year 's 0.96, indicating a slightly constrained ability to meet short-term obligations.

A notable shift emerged in the leverage ratios, particularly the debt-equity ratio, which surged from 12.65 in 2022 to 22.94 in 2023. This steep increase signaled a heightened reliance on debt for financing operations, potentially raising concerns about the company 's overall financial stability.

Efficiency ratios, such as inventory turnover, were not available for both years, suggesting a possible shift in inventory management practices. The trade receivables turnover ratio decreased from 0.75 to 0.3, indicating a slower pace at which the company collected payments from customers. In contrast, the trade payables turnover ratio decreased from 271.60% to 138.82%, indicating a slower rate at which the company paid off its trade payables.

The most notable decline was witnessed in profitability. The net profit ratio plummeted from 1.01% in 2022 to a concerning -19.60% in 2023, revealing a substantial loss-making scenario for the company. This decline in profitability was further echoed in the return on equity (ROE), return on capital employed (ROCE), and return on investment (ROI) ratios, all depicting negative figures or significantly reduced percentages compared to the previous year.

Moreover, the net capital turnover ratio declined steeply from -11.62 times to -3.15 times, indicating a reduction in the company 's efficiency in generating sales revenue concerning its capital base.

Annual Report

Valecha Engineering Ltd. Annual Report 2023

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Valecha Engineering Annual Report 2021-22

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