Accuvant Advisory Annual Report

Accuvant Advisory Services Limited (ACCUVANT) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Accuvant Advisory Services Limited

Accuvant Advisory Services Limited Balance Sheet (Amount in Rs.)

Particulars	31-03-2024	31-03-2023
Non Current Assets
Property, Plant and Equipment	1,21,171	1,47,610
Capital work-in-progress	3,05,00,000	3,05,00,000
Investments	45,00,000	45,00,000
Loans	5,18,52,232	5,81,94,881
Deferred Tax Assets (net)	2,439	2,232
Current assets
Trade receivables	14,04,000	10,80,000
Cash and cash equivalents	1,10,497	16,85,026
Other current assets	3,95,744	10,13,013
Total Assets	8,88,86,083	9,71,22,762
Equity
Equity Share capital	6,78,75,000	6,78,75,000
Other Equity	1,60,91,132	1,33,70,145
Non Current liabilities
Borrowings	33,43,496	1,00,93,867
Current liabilities
Trade payables
Due to others	1,12,760	34,10,906
Other financial liabilities	4,65,172	13,79,672
Other current liabilities	-1,479	3,51,642
Short Term Provisions	10,00,000	6,41,530
Total Equity and Liabilities	8,88,86,081	9,71,22,762

Accuvant Advisory Services Limited Profit & Loss Statement (Amount in Rs.)

Particulars	31-03-2024	31-03-2023
Revenue from Operations	13,00,000	40,00,000
Other Income	39,67,175	40,65,738
Total Income	52,67,175	80,65,738
Expenses:
Professional Fees Paid for Services	-	24,00,000
Employee Benefits Expense	7,44,000	6,84,000
Finance Costs	73,579	3,11,425
Depreciation and Amortization Expense	26,439	30,454
Other Expenses	7,83,722	24,83,859
Total Expenses	16,27,740	59,09,738
Profit before tax	36,39,435	21,56,000
Current Tax	9,18,654	6,41,197
Deferred Tax	-207	378
Profit for the period	27,20,988	15,14,425
Total Comprehensive Income for the period (Comprising Profit and Other Comprehensive Income for the period)	27,20,988	15,14,425
Earnings per equity share (Face value of Rs. 10/- each)
Basic & Diluted	0.4	0.22

Accuvant Advisory Services Limited Consolidated Cash Flow Statement (Amount in Rs.)

Particulars	31-03-2024	31-03-2023
Cash Flow from Operating Activities
Net Profit before Tax as per Statement of Profit and Loss	36,39,435	21,56,000
Adjustment for
Less : Interest and Finance Income	39,63,025	40,61,166
Add : Finance Costs	73,579	3,11,425
Operating Profit Before Working Capital Changes	76,76,039	65,28,591
(Increase)/Decrease in Current Assets
Trade Receivables	-3,24,000	16,74,000
Other Current Assets	6,17,269	-3,14,719
Deferred Tax Assets	-207	378
Increase/(Decrease) in Current Liabilities
Trade Payable	-42,12,646	14,87,202
Other Current Liabilities	-3,53,121	1,28,774
Short Term Provisions	3,58,470	2,17,774
Cash Generated From Operations	37,61,804	97,22,000
Direct Taxes Paid	9,18,447	6,41,575
Net Cash Inflow/(Outflow) from Operating Activities	28,43,357	90,80,425
Cash Flow from Investing Activities
Purchase of Fixed Asset	26,439	-50,654
Long Term Loans and Advances	63,42,650	-1,34,08,790
Interest and Finance Income	-39,63,025	-40,61,166
Net Cash Inflow/(Outflow) from Investing Activities	24,06,064	-1,75,20,610
Cash Flow from Financing Activities
Newly taken/(Repayment) of Long Term Borrowings	-67,50,371	1,00,93,867
Interest and Finance Charges paid	-73,579	-3,11,425
Net Cash Inflow/(Outflow) from Financing Activities	-68,23,950	97,82,442
Net Increase / (Decrease) in Cash and Cash Equivalents	-15,74,529	13,42,258
Add : Cash and Cash Equivalents balance from beginning year	16,85,026	3,42,768
Cash and Cash Equivalents at the end of the year	1,10,497	16,85,026

Here is a summary of the Cash Flow Statement for the years 2024 and 2023:

Cash Flow from Operating Activities:

For the year ending March 31, 2024, the net cash inflow from operating activities amounted to Rs. 28.43 lakhs, a significant decrease from the Rs. 90.80 lakhs in the previous year. The starting point for cash flow from operations is the net profit before tax, which increased from Rs. 21.56 lakhs in 2023 to Rs. 36.39 lakhs in 2024. However, this improvement was countered by adjustments such as interest and finance income (Rs. 39.63 lakhs), which reduced the cash inflow. Despite the increase in operating profit before working capital changes (Rs. 76.76 lakhs in 2024 compared to Rs. 65.29 lakhs in 2023), a significant reduction in trade payables (Rs. 42.12 lakhs) and other liabilities led to a lower cash inflow from operations overall. Additionally, direct taxes paid increased from Rs. 6.41 lakhs to Rs. 9.18 lakhs, further impacting the net operating cash inflow.

Cash Flow from Investing Activities:

In 2024, the company had a net cash inflow of Rs. 24.06 lakhs from investing activities, a stark contrast to the previous year, which saw a substantial outflow of Rs. 175.20 lakhs. This turnaround is mainly due to a significant inflow of Rs. 63.43 lakhs from long-term loans and advances, which were significantly negative in the previous year (-Rs. 134.09 lakhs). Additionally, while interest and finance income was stable at Rs. 39.63 lakhs, a small amount was spent on fixed asset purchases (Rs. 26,439), which was much lower than the prior year. This shift to positive cash inflows in 2024 demonstrates a more conservative approach to investing, focusing on recovery from the heavy outflows of 2023.

Cash Flow from Financing Activities:

The financing activities showed a sharp decline in 2024, with a net outflow of Rs. 68.24 lakhs compared to an inflow of Rs. 97.82 lakhs in 2023. This reversal was primarily driven by the repayment of long-term borrowings, with Rs. 67.50 lakhs being repaid in 2024 compared to new borrowings of Rs. 100.94 lakhs in the previous year. Interest and finance charges paid were lower in 2024 (Rs. 73,579) than in 2023 (Rs. 3.11 lakhs), but the significant repayment of borrowings dominated the financing activities for the year.

Net Change in Cash and Cash Equivalents:

As a result of these cash flow movements, the company’s cash balance decreased by Rs. 15.74 lakhs in 2024, compared to an increase of Rs. 13.42 lakhs in 2023. The year-end cash balance stood at Rs. 1.10 lakhs as of March 31, 2024, down from Rs. 16.85 lakhs at the end of the previous year. This indicates that despite generating cash from operations, the company faced pressures from financing outflows, particularly related to debt repayments.

Financial Ratios of Accuvant Advisory Services Limited

Particulars	2024	2023
Current Ratio	1.21	0.65
Debt Equity Ratio	0.04	0.12
Return on Equity Ratio	3.29%	1.88%
Trade Receivables Turnover Ratio	1.05	2.09
Net capital turnover ratio	3.89	-1.99
Net profit ratio	209.31%	37.86%
Return on Capital employed	3.12%	1.66%

Here is a summary of the financial and operational metrics for Accuvant Advisory Services Limited for the year 2024 and 2023:

Current Ratio:

The current ratio measures the company’s ability to meet its short-term obligations with its current assets. In 2024, the current ratio improved significantly to 1.21 from 0.65 in 2023. A ratio above 1 suggests that the company has sufficient current assets to cover its current liabilities, indicating an improvement in liquidity and working capital management compared to the previous year, where the company might have struggled to meet short-term obligations.

Debt-Equity Ratio:

The debt-equity ratio shows the proportion of debt used to finance the company’s assets relative to shareholders’ equity. In 2024, the ratio dropped to 0.04 from 0.12 in 2023, signifying that the company reduced its reliance on external debt, lowering its financial risk.

Return on Equity (ROE) Ratio:

The return on equity (ROE) ratio measures the profitability generated from shareholders ' equity. In 2024, ROE rose to 3.29% from 1.88% in 2023. This improvement suggests that the company became more efficient at generating profit from its equity base, reflecting enhanced operational performance and profit margins over the year.

Trade Receivables Turnover Ratio:

The trade receivables turnover ratio indicates how efficiently the company collects revenue from its credit sales. A decrease in this ratio from 2.09 in 2023 to 1.05 in 2024 suggests that the company was slower in collecting receivables in 2024.

Net Capital Turnover Ratio:

The net capital turnover ratio measures the efficiency of using working capital to generate sales. The ratio significantly improved to 3.89 in 2024 from a negative -1.99 in 2023. This sharp turnaround reflects better working capital management and the company 's ability to generate revenue from its available capital.

Net Profit Ratio:

The net profit ratio, which reflects how much of the revenue is converted into profit, surged dramatically from 37.86% in 2023 to 209.31% in 2024. This enormous increase signals a significant boost in profitability, potentially due to higher margins, cost control, or non-operating income.

Return on Capital Employed (ROCE):

The return on capital employed (ROCE) measures how efficiently the company is generating profit from its total capital (both equity and debt). In 2024, the ROCE improved to 3.12% from 1.66% in 2023. This improvement suggests that the company is using its capital more effectively to generate returns, which aligns with the overall increase in profitability and operational performance during the year.