Sports Keeda Annual Reports, Balance Sheet and Financials

Absolute Sports Private Limited Balance Sheet (in Rs. millions)

Absolute Sports Private Limited Profit & Loss Statement (in Rs. millions)

Absolute Sports Private Limited Consolidated Cash Flow Statement (in Rs. millions)

Here is a summary of the Cash Flow Statement for the years 2022 and 2021:

Cash flows from operating activities: There was a significant increase in cash flows from operating activities, rising to 60,491 in 2022 from 29.70% of total revenue in 2021. This suggests a substantial improvement in the company 's ability to generate cash from its core business operations.

Profit / (Loss) before tax for the year: The profit before tax increased from 70.30% of total revenue in 2021 to 280.03 in 2022, indicating a substantial improvement in profitability.

Adjustments for: Various adjustments were made to arrive at the profit before tax figure, including depreciation and amortization expenses, interest income and expenses, expenses related to employee stock option plans, write-offs of intangible assets and bad debts, and provisions for expected credit losses.

Operating profit before working capital changes: The operating profit before considering working capital changes increased significantly from 1.933 in 2021 to 61,063.53 in 2022, indicating a substantial improvement in operational efficiency.

Changes in Working Capital: There were various changes in working capital elements, including increases in trade receivables, other current assets, other financial assets, trade payables, provisions, other financial liabilities, and other current liabilities.

Cash generated by operations: The cash generated by operations increased significantly from -34.797 in 2021 to 61,011.69 in 2022, indicating a substantial improvement in the company 's cash generation ability from its core business activities.

Income taxes paid (net of refunds): The company paid a net amount of 75.64 in taxes in 2022, compared to 38.82 in 2021.

Net cash generated by operating activities: There was a significant increase in net cash generated by operating activities, rising to 60,936.05 in 2022 from -73.617 in 2021.

Cash flows from investing activities: The company made investments in property, plant, and equipment, intangible assets, and fixed deposits. There were also proceeds from the sale of property, plant, and equipment. However, overall, there was a decrease in cash flows from investing activities from -170.01 in 2021 to -155.13 in 2022.

Cash flows from financing activities: The company generated a net cash inflow from financing activities of 2.83 in 2022, compared to a net cash outflow of -1.19 in 2021. This was primarily due to proceeds from the issue of equity shares.

Net increase/(decrease) in cash and cash equivalents during the year: There was a significant increase in cash and cash equivalents, rising to 60,783.75 in 2022 from -244.82 in 2021.

Cash and cash equivalents at the beginning and end of the year: Cash and cash equivalents increased substantially from 21.55 at the beginning to 60,805.30 at the end of 2022, compared to a decrease from 103.55 at the beginning to -141.27 at the end of 2021.

Financial Ratios of Absolute Sports Private Limited

Here is a summary of the financial and operational metrics for Absolute Sports Private Limited for the years 2022 and 2021:

Current Ratio: The current ratio increased significantly to 60491 in 2022 from 29.70% in 2021. This indicates a substantial improvement in the company 's liquidity position, reflecting its ability to cover short-term liabilities with its current assets.

Return on Equity Ratio: The return on equity ratio decreased to 53.73% in 2022 from 70.30% in 2021. While still relatively high, this decline suggests a decrease in the company 's profitability relative to its shareholders ' equity.

Trade Receivable Turnover Ratio: The trade receivable turnover ratio increased significantly to 60491.54 in 2022 from 100.00% in 2021. This indicates that the company is collecting its receivables much faster in 2022, which is a positive sign for cash flow management.

Trade Payable Turnover Ratio: The trade payable turnover ratio increased slightly to 9.03 in 2022 from 8.07 in 2021. This suggests that the company is paying its suppliers slightly faster in 2022 compared to the previous year.

Net Capital Turnover Ratio: The net capital turnover ratio increased to 2.11 in 2022 from 1.71 in 2021. This indicates that the company is generating more sales revenue per unit of capital employed, reflecting improved efficiency in asset utilization.

Net Profit Ratio: The net profit ratio decreased to 26.05% in 2022 from 33.33% in 2021. This suggests a decrease in the company 's profitability as a percentage of its total revenue, which could be attributed to various factors such as increased expenses or reduced revenue margins.

Return on Capital Employed (ROCE): The return on capital employed decreased slightly to 58.06% in 2022 from 59.35% in 2021. This indicates a slight reduction in the company 's efficiency in generating profits from its capital employed in the business.

Return on Investment: The return on investment remained unchanged at 3.47% in both 2021 and 2022. This suggests that the company 's ability to generate returns relative to its investments has remained stable over the two years.

Dividend History/NA