Xerox India Annual Report for FY 2022-23 | Balance Sheet

Xerox India Limited (XEROX) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Xerox India Limited

Balance Sheet of Xerox India Limited (In Rs. Lakhs)

Particulars	2020	2019
ASSETS
NON CURRENT ASSETS
Tangible assets	3,597.40	3,977.14
Intangible assets	99.71	120.76
Financial assets	928.58	636.5
Tax assets	8,715.66	9,584.95
Other non current assets	1,364.02	1,378.83
Assets classified as held for sale	24.05	24.05
TOTAL NON CURRENT ASSETS	14,729.42	15,722.23
CURRENT ASSETS
Inventories	6,677.47	3,446.02
Cash and Cash equivalents	7,955.70	20,263.66
Trade receivables	5,092.67	6,505.64
Other Financial assets	2,550.72	2,028.33
Other current assets	2,070.79	1,655.37
TOTAL CURRENT ASSETS	24,347.35	33,899.02
TOTAL ASSETS	39,076.77	49,621.25
EQUITY AND LIABILITIES
EQUITY
Equity share capital	4,480.80	4,480.80
Other Equity	18,159.23	29,495.09
TOTAL EQUITY	22,640.03	33,975.89
LIABILITIES
NON CURRENT LIABILITIES
Financial liabilities	345.1	4.16
Provisions	3,809.92	4,324.06
Tax liabilities	419.82	419.82
Liabilities directly associated with assets classified as held for sale	2,250.00	2,250.00
TOTAL NON CURRENT LIABILITIES	6824.84	6998.04
CURRENT LIABILITIES
Trade payables	6,983.34	5,547.04
Other financial liabilities	1,226.46	1,731.11
Contract liabilities	417.04	515.81
Provisions	222.5	273.35
Contract liabilities	762.56	580.01
TOTAL CURRENT LIABILITIES	9,611.90	8,647.32
TOTAL LIABILITIES	16,436.74	15,645.36
TOTAL EQUITY AND LIABILITIES	39,076.77	49,621.25

Profit & Loss Statement of Xerox India Limited (In Rs. Lakhs)

Particulars	2020	2019	2018	2017
Revenue from Operations	47,445.27	59,790.32	54,742.38	52,296.85
EBITDA	2,751.77	3,130.76	7,457.67	5,603.22
EBITDA margin	5.80%	5.24%	13.62%	10.71%
Finance Cost	57.77	11.75	35.15	59.2
Depreciation	1,633.86	1,314.20	1,118.50	1,576.18
Other Income	1,986.86	2,028.87	1,460.84	1,021.47
Profit Before Tax	3,047.00	3,833.68	7,764.86	4,989.31
Exceptional Items	0.00	0.00	0.00	3,437.14
Total Tax	1,857.82	1,513.79	3,239.92	2,464.46
Profit After Tax (PAT)	1,189.18	2,319.89	4,524.94	5,961.99
PAT margin	2.41%	3.75%	8.05%	11.18%
EPS	3.19	5.61	10.29	13.4

Xerox India Limited Cash Flow Statement for the last three years (Rs. In Crore)

Particulars	31st March 2022	31st March 2021	31st March 2020
Cash Flow Summary
Cash and Cash Equivalents at Beginning of the year	71.14	78.52	202.64
Net Cash from Operating Activities	65.15	-2.74	-1.94
Net Profit before Tax & Extraordinary Items	10.71	-15.71	30.47
Depreciation	12.04	14.44	16.34
Interest (Net)	0.34	0.24	0.58
P/L in Forex	0	0	-0.12
Others	1.47	6.28	4.27
Total Adjustments (PBT & Extraordinary Items)	13.85	20.96	21.07
Op. Profit before Working Capital Changes	24.56	5.25	51.54
Trade & 0th receivables	21.73	5.8	5.25
Inventories	3.02	14.72	-38.35
Trade Payables	23.72	-18.73	9.34
Others	0.81	-4.58	-7.7
Total (OP before Working Capital Changes)	49.28	-2.79	-31.46
Cash Generated from/(used in) Operations	73.84	2.46	20.08
Interest Paid(Net)	-2.85	-2.09	-11.45
Direct Taxes Paid	-5.84	-3.11	-10.58
Total-others	-8.69	-5.2	-22.02
Cash Flow before Extraordinary Items	65.15	-2.74	-1.94
Net Cash Used in Investing Activities	-1.3	0.09	8.75
Purchased of Fixed Assets	-3.48	-2.99	-3.34
Interest Received	1.37	2.26	12.09
Others	0.8	0.81	0
Net Cash Used in Financing Activities	-1.5	-3.91	-130.92
Of financial Liabilities	-1.43	-3.86	-3.86
Others	-0.07	-0.05	-0.12
Net Inc/(Dec) in Cash and Cash Equivalent	62.34	-6.57	-124.12
Cash and Cash Equivalents at End of the year	133.48	71.95	78.52

Summary of cash flow statement for Xerox India Limited:

1. Cash Flow from Operating Activities:

In terms of operating activities, Xerox India Limited experienced the following:

In 2022, the company generated a positive cash flow of Rs. 65.15 Crore. This indicates that the company generated cash from its core operations.
In 2021, there was a negative cash flow of Rs. -2.74 Crore. This suggests that the company faced challenges in generating cash from its operating activities.
In 2020, there was also a negative cash flow of Rs. -1.94 Crore. The company encountered difficulties in generating cash from its core operations during this period.

2. Cash Flow from Investing Activities:

Xerox India Limited 's investing activities during the three-year period resulted in the following cash flows:

In 2022, there was a net cash outflow of Rs. -1.3 Crore. The company invested more cash in acquiring fixed assets compared to the cash received from interest and other sources.
In 2021, there was a slight net cash inflow of Rs. 0.09 Crore from investing activities. This indicates that the company received more cash from investments than it spent during this period.
In 2020, there was a net cash inflow of Rs. 8.75 Crore from investing activities. This suggests that the company received more cash from investments than it spent, indicating a positive investment outcome.

3. Cash Flow from Financing Activities:

Xerox India Limited 's financing activities had the following impact on cash flows:

In 2022, there was a net cash outflow of Rs. -1.5 Crore from financing activities. The company utilized more cash for financial liabilities and other financing activities than it received during this period.
In 2021, there was a net cash outflow of Rs. -3.91 Crore from financing activities. This indicates that the company used more cash for financing purposes than it received during the year.
In 2020, there was a significant net cash outflow of Rs. -130.92 Crore from financing activities. This suggests that the company made substantial cash payments for financial liabilities and other financing activities during this period.

In summary, Xerox India Limited generated positive cash flow from operating activities in 2022, while experiencing negative cash flows in 2021 and 2020. The company made investments in fixed assets and received varying cash inflows from investing activities. Additionally, the company had net cash outflows from financing activities during all three years.

Funds Flow Statement of Xerox India Limited (Rs. In Crore)

Particulars	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18
Sources of funds
Cash profit	14.39	0	19.42	30.06	55.75
Increase in other net worth	0	0	0	2.81	1.35
Increase in loan funds	5.98	3.37	20.77	0	0
Decrease in gross block	0.36	0.57	0.31	0	0
Decrease in working capital	0	2.6	84.73	0	0
Total Inflow	20.73	6.54	125.23	32.87	57.1
Application of funds
Cash loss	0	5.6	0	0	0
Decrease in net worth	0.35	0.92	19.95	0	0
Decrease in loan funds	0	0	0	19.96	0.54
Increase in gross block	0	0	0	10.57	20.33
Increase in working capital	20.4	0	0	2.33	36.23
Dividend	0	0	105.3	0	0
Total Outflow	20.75	6.52	125.25	32.86	57.1

Xerox India Limited Key Financial Ratios

Particulars	Mar-22	Mar-21	Mar-20
Key Ratios
Current Ratio	3.5	3.5	3.58
Turnover Ratios
Fixed Assets Turnover Ratio	5.05	4.64	6.7
Inventory Turnover Ratio	5.62	4.98	9.37
Debtors Turnover Ratio	7.41	6.23	8.18
Total Asset Turnover Ratio	1.23	1.14	1.41
Interest Cover Ratio	32.53	-64.46	53.53
PBIDTM (%)	6.56	-0.31	9.99
PBITM (%)	3.14	-4.76	6.54
PBDTM (%)	6.46	-0.39	9.87
CPM (%)	5.56	0.47	5.95
APATM (%)	2.14	-3.98	2.51
ROCE (%)	3.86	-5.42	9.22
RONW (%)	3.48	-5.89	4.2
Payout (%)	0	0	885.62

Dividend History of Xerox India

Particulars	2020	2019	2018	2017
Dividend (final + interim) (In Rs.)	Nil	23.5	Nil	Nil
Retained Earnings (In Rs. Lakhs)	10,425.34	21,872.91	19,450.36	14,812.02

Performance of Xerox India

Revenue from Operations of Xerox India Limited declined by 20.6% from Rs. 59,790.32 lakhs in FY 2019 to Rs. 47,445.27 lakhs in FY 2020.
The total Income of the company in FY 2020 is Rs. 49,432.13 lakhs as compared to the total income of Rs. 61,819.19 lakhs in FY 2019, a decline of 20%.
The EBITDA of the company decreased by 12.1% in FY 2020 and touched Rs. 2,751.77 lakhs from Rs. 3,130.76 lakhs in FY 2019.
The Company posted a profit after tax of Rs. 1,189.18 lakhs in FY 2020 as against a profit after tax of Rs. 2,319.89 lakhs in FY 2019, thereby recording a decline of around 49%.
The company does not have any long-term or short-term borrowings.
The Current Ratio of the company is 2.5, this clearly states that the company does not any liquidity issues and is managing its current assets efficiently.
Retained Earnings of the company have seen a sharp decline of 52.33% from Rs. 21,872.91 lakhs for FY 2019 to Rs. 10,425.34 lakhs for FY 2020. This is mainly because the company has given huge dividends for the year FY 2019.-

Xerox India Annual Reports, Balance Sheet and Financials

Xerox India Limited (XEROX) Return Comparision with Primex 40 Index

Balance Sheet of Xerox India Limited (In Rs. Lakhs)

Profit & Loss Statement of Xerox India Limited (In Rs. Lakhs)

Xerox India Limited Cash Flow Statement for the last three years (Rs. In Crore)

Funds Flow Statement of Xerox India Limited (Rs. In Crore)

Xerox India Limited Key Financial Ratios

Dividend History of Xerox India

Performance of Xerox India

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