Abhinandan Enterprises Annual Reports, Balance Sheet and Financials

ABINANDAN ENTERPRISES LIMITED Balance Sheet (Rs In Lakhs)

 ABINANDAN ENTERPRISES LIMITED Profit & Loss Statement (Rs In Lakhs)

 ABINANDAN ENTERPRISES LIMITED Consolidated Cash Flow Statement (Rs In Lakhs)

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

A. Cash Flow from Operating Activities:

In 2023, the company generated a Net Profit Before Tax and Extra-ordinary Items of 3,027.99 lakhs, which was a significant improvement compared to the previous year when it incurred a loss of 304.50 lakhs.

Operating Profit before Working Capital Changes in 2023 was also 3,027.99 lakhs, a substantial increase from the previous year.

Working Capital Changes:

- Trade Payables decreased by 146.42 lakhs in 2023, in contrast to an increase of 286.58 lakhs in 2022.

- Other Current Liabilities decreased by 649.42 lakhs in 2023, compared to an increase of 8.88 lakhs in 2022.

- Inventories decreased by 10.54 lakhs in 2023, while there was a decrease of 7.24 lakhs in 2022.

- Other Non-Current Assets increased by 20.00 lakhs in 2023.

- Other Current Assets decreased by a significant 6,749.92 lakhs in 2023, compared to a decrease of 4,658.16 lakhs in 2022.

Cash Generated from Operations in 2023 was a negative 4,508.31 lakhs, which was a slight improvement compared to the negative 4,674.44 lakhs in 2022.

Income Tax Paid was 244.79 lakhs in 2023, while it was higher at 517.57 lakhs in 2022.

Net Cash from Operating Activities in 2023 was a negative 4,263.52 lakhs, showing an improvement from the negative 5,192.01 lakhs in 2022.

B. Cash Flow from Investment Activities:

There is no specific data provided for investment activities in the given information.

C. Cash Flow from Financial Activities:

Loans Given in 2023 amounted to 4,300.00 lakhs, which was slightly lower than the previous year when it was 4,895.40 lakhs.

Net Cash from Financing Activities in 2023 was 4,300.00 lakhs, compared to 4,895.40 lakhs in 2022.

Net Increase/(Decrease) in Cash and Cash Equivalents (A+B+C) in 2023 was a positive 36.49 lakhs, indicating an increase in cash reserves. In contrast, in 2022, there was a decrease of 296.61 lakhs.

Cash and Cash Equivalents at the Beginning of the Year were 10,484.98 lakhs in 2023 and 10,781.59 lakhs in 2022.

Cash and Cash Equivalents at the End of the Year in 2023 were 10,521.47 lakhs, whereas in 2022, it was 10,484.98 lakhs.

Overall, in 2023, the company saw improvements in its operating activities and cash reserves, while it reduced its loans given. However, there was no specific data provided for investment activities.

Bellow are the Financial Ratios

Here 's a summary of the provided financial data, categorized by relevant activities:

1. EBITDA: - EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) shows a significant negative percentage of -167.80%. This indicates that the company 's operational earnings were insufficient to cover interest, taxes, and depreciation expenses, which is a concerning financial performance indicator.

2. Net Worth:- Net Worth displays a negative percentage of -1.08%. This suggests that the company 's liabilities exceed its assets, which could signify financial distress or a weakened financial position.

3. Debt/Equity Ratio:- The Debt/Equity Ratio stands at 1.35, indicating that the company has a higher level of debt relative to its equity. This might be a concern as it suggests that the company is leveraging debt to finance its operations, potentially increasing financial risk.

4. Return on Equity:- The Return on Equity (ROE) is -1.09%, indicating that the company experienced a negative return on shareholders ' equity. This means that the company 's profitability and efficiency in utilizing shareholders ' equity were not favorable.

5. Total Assets:- Total Assets increased by 2.15%, which suggests an overall growth in the company 's asset base. This could be a positive sign for the business.

6. Fixed Assets:- Fixed Assets remained unchanged with a 0.00% change. This might indicate that the company did not invest in or dispose of significant fixed assets during the period.

7. Current Assets:- Current Assets experienced a substantial decrease of -88.50%. This could be a red flag, indicating that the company 's liquidity position deteriorated, which may hinder its ability to meet short-term obligations.

8. Current Liabilities:- Current Liabilities increased by 4.65%, potentially reflecting higher short-term obligations or liabilities due in the near future.

9. Trade Receivables:- Trade Receivables remained unchanged at 0.00%, indicating that the company didn 't significantly alter its accounts receivable during the period.

10. Trade Payables:- Trade Payables increased by 2.03%, suggesting that the company 's trade creditors increased during the period.

11. Current Ratio:- The Current Ratio is very low at 0.1, indicating that the company may have difficulty covering its short-term liabilities with its current assets. This low ratio could be a liquidity risk.