Ace Stone Craft Annual Reports, Balance Sheet and Financials

Ace Stone Craft Limited Balance Sheet (Rs in Thousand)

Ace Stone Craft Limited Profit & Loss Statement (Rs in Thousand)

Ace Stone Craft Limited Consolidated Cash Flow Statement (Rs in Thousand)

Here is a summary of the Cash Flow Statement for the years 2023 and 2022:

Cash Flow from Operating Activities:

Net Profit before Taxes: In the year ending March 31, 2023, the company reported a net profit before taxes of rs.2,944, compared to rs.2,379 in the previous year.

Adjustment for Deferred Revenue Expenditure - Depreciation: The company accounted for depreciation expenses, with rs.377 in 2023 and rs.14 in 2022.

Operating Profit before Working Capital Changes: After adjusting for depreciation, the operating profit before changes in working capital was rs.3,321 in 2023 and rs.2,393 in 2022.

Adjustment for Changes in Working Capital: The company experienced changes in working capital components such as trade payables, other current liabilities, loan & advances, and other loan & financial assets, impacting cash flow from operating activities.

Cash Generated from Operating Activities: Taking into account these adjustments, the cash generated from operating activities was rs.6,269 in 2023, contrasting with a negative rs.911 in 2022.

Taxes Paid: The company paid taxes amounting to -rs.708 in 2023 and -rs.190 in 2022.

Net Cash from Operating Activities: Consequently, the net cash from operating activities was rs.5,561 in 2023 and -rs.1,101 in 2022, indicating a significant improvement in operating cash flow performance in 2023.

Cash Flow from Investing Activities:

Sale/(Purchase) of Fixed Assets: The company engaged in the sale/purchase of fixed assets, resulting in cash outflows of -rs.2,500 in 2023 and -rs.64 in 2022.

Loan Given to Parties: There were cash outflows due to loans given to parties, amounting to -rs.3,045 in 2023 and rs.1,171 in 2022.

Net Cash from Investing Activities: Consequently, the net cash from investing activities was -rs.5,546 in 2023 and rs.1,107 in 2022, reflecting substantial investing activities during both periods.

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

The net increase/(decrease) in cash and cash equivalents was rs.15 in 2023 and rs.6 in 2022, demonstrating the overall change in the company 's cash position due to operating and investing activities.

Cash and Cash Equivalents at the Beginning and End of the Year:

The cash and cash equivalents at the beginning of the year were rs.58 in 2023 and rs.53 in 2022. By the end of the year, cash and cash equivalents increased to rs.73 in 2023 and remained at rs.58 in 2022, indicating the ending cash position of the company.

Financial Ratios of Ace Stone Craft Limited

Here is a summary of the financial and operational metrics for Ace Stone Craft Limited for the years 2023 and 2022:

Current Ratio: With a current ratio of 48.27%, it seems there might be a data formatting issue, as the current ratio is typically expressed as a ratio (e.g., 2:1) or a decimal (e.g., 2.0). If the ratio is indeed 48.27, it would suggest an extremely high current ratio, which could indicate an excessive amount of current assets compared to current liabilities. This might be a result of inflated asset values or overstated current assets.

Return on Equity (ROE) Ratio: The return on equity ratio of 0.58% indicates that the company generated a very low return on shareholders ' equity during the period. This suggests that the company 's profitability relative to its equity investment is relatively low.

Return on Capital Employed (ROCE): The return on capital employed of 1.15% indicates that the company generated a modest return on its capital investments during the period. While positive, this return is relatively low and suggests room for improvement in capital efficiency.