Verum Properties Annual Reports, Balance Sheet and Financials

Verum Properties Limited Balance Sheet (Amount in Rupees)

Verum Properties Limited Profit & Loss Statement (Amount in Rupees)

Verum Properties Limited Consolidated Cash Flow Statement (Amount in Rupees)

Here is the analysis of cash flow statement of 2023 and 2022:

CASH FLOW FROM OPERATING ACTIVITIES:

Net profit before tax:

For the year ended 31.03.2023, the company reported a net profit before tax of ₹64,301.

In contrast, for the year ended 31.03.2022, the company reported a net loss before tax of ₹619,223.

Adjustment for Other Income:

Other income, which is subtracted from the net profit, amounted to ₹1,097,905 in 2023.

In 2022, other income was ₹1,047,580.

Operating Profit before Working Capital Changes:

After adjusting for other income, the operating loss before working capital changes was ₹1,033,604 in 2023.

For 2022, the operating loss before working capital changes was ₹1,666,803.

Working Capital Changes:

Decrease (Increase) in Trade & Other Receivables:

In 2023, trade and other receivables decreased by ₹400,000.

In 2022, they decreased by ₹150,000.

Decrease (Increase) in Other Current Assets:

Other current assets increased by ₹109,788 in 2023.

In 2022, other current assets increased by ₹104,756.

Increase (Decrease) in Trade & Other Payables:

There was no change reported for 2023.

In 2022, trade and other payables decreased by ₹900,000.

Increase (Decrease) in Other Liabilities:

Other liabilities decreased by ₹429,900 in 2023.

In 2022, other liabilities increased by ₹471,237.

Net Changes in Working Capital:

The net changes in working capital resulted in a decrease of ₹139,688 in 2023.

For 2022, the net changes in working capital led to a decrease of ₹1,325,993.

Cash Generated from Operations:

In 2023, the cash generated from operations was a negative ₹1,173,292.

For 2022, it was a negative ₹2,992,795.

Net Cash Flow from Operating Activities:

The net cash flow from operating activities was a negative ₹1,173,292 for 2023.

For 2022, it was a negative ₹2,992,795.

CASH FLOW FROM INVESTING ACTIVITIES:

(Increase) Decrease in Loans & Advances (Non-Current Financial Assets):

In 2023, there was an increase in loans and advances amounting to ₹426,618.

In 2022, the increase was ₹1,585.

(Increase) Decrease in Loans & Advances (Current Financial Assets):

In 2023, there was an increase of ₹332,240.

In 2022, there was a significant decrease of ₹7,498,113.

Other Income:

The other income reported was ₹1,097,905 in 2023.

In 2022, the other income was ₹1,047,580.

Net Cash Flow from Investing Activities:

The net cash flow from investing activities was ₹339,047 for 2023.

For 2022, it was significantly higher at ₹8,544,108.

CASH FLOW FROM FINANCING ACTIVITIES:

Increase / (Decrease) in Borrowings:

There was a decrease in borrowings amounting to ₹200,000 in 2023.

In 2022, borrowings decreased by ₹4,440,000.

Net Cash Flow from Financing Activities:

The net cash flow from financing activities was a negative ₹200,000 in 2023.

For 2022, it was a negative ₹4,440,000.

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

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

Combining the net cash flows from operating, investing, and financing activities, the net decrease in cash and cash equivalents was ₹1,034,245 in 2023.

In 2022, there was a net increase in cash and cash equivalents amounting to ₹1,111,313.

Cash and Cash Equivalents at the Beginning of the Year/Period:

At the beginning of 2023, the cash and cash equivalents were ₹1,434,420.

At the beginning of 2022, the cash and cash equivalents were ₹323,109.

Cash and Cash Equivalents at the End of the Year/Period:

At the end of 2023, the cash and cash equivalents stood at ₹400,175.

At the end of 2022, the cash and cash equivalents were ₹1,434,420.

Dividend History

Verum Properties Limited Recent Financial Performance:

Dividend per Share: The specific dividend per share figure for March 2023 and 2022 is not recommended, Dividend per share represents the portion of a company's earnings that is distributed to shareholders in the form of dividends. A higher dividend per share may indicate that the company is sharing more of its profits with shareholders.

Retained Earnings: Retained earnings for 2023 amounted to Rs. -2,584,234.97 Lakhs, while in 2022, they were Rs. -2,644,177.97 Lakhs. Retained earnings represent the portion of a company's profits that is reinvested in the business rather than distributed as dividends. An increase in retained earnings suggests that the company has retained more of its profits for reinvestment or future growth.

To provide a more comprehensive analysis, it would be necessary to consider additional financial metrics such as revenue, net profit, assets, liabilities, and cash flows. Additionally, an analysis of trends over multiple years and a comparison to industry benchmarks and competitors would help in assessing the company's financial health and performance.

Industry overview

The Real Estate Industry in India Market size is estimated at USD 0.33 trillion in 2024, and is expected to reach USD 1.04 trillion by 2029, growing at a CAGR of 25.60% during the forecast period (2024-2029). India's real estate market was affected by the COVID-19 pandemic. The residential sector was the worst hit as strict lockdown measures across major cities impacted housing sales as home registrations were suspended and home loan disbursement was slow. However, the sector recovered due to an increase in house sales, new project launches, and increasing demand for new office and commercial spaces, etc.

FAQ Related to Verum Properties Limited

Q.1) Is Verum Properties Limited is a private or public company?

Verum Properties Limited is a Public incorporated on 19 June 1985.

Q.2) Do Verum Properties Limited Listed or not?

Verum Properties Limited is an unlisted company.

Q.3) In which field the work of Verum Properties Limited?

Verum Properties Limited is an integrated real estate company poised on development residential, commercial, retail and other projects. We undertake customized infrastructure projects as well. We also indulge ourselves in to trading of residential and commercial unit and also provide our consultancies for real estate projects.

Q.4) which is the state where Verum Properties Limited is incorporated?

It is incorporated in Delhi.