Ace Stone Craft Limited (Ace Stone ) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Ace Stone Craft Limited

Ace Stone Craft Limited Balance Sheet (Rs in Thousand)

Particulars	31-03-2023	31-03-2022
ASSETS:
Non-current assets
Property, Plant and Equipment	36	67
Other Intangible Assets:	2,153
Investments	59596	59,565
Deferred tax assets (net)	-	13
Current assets:
Cash and bank balances	73	57
Loans	184465	181419
Other Current Assets	12735	13838
TOTAL ASSETS	259058	254959
EQUITY AND LIABILITIES:
Share Capital	234921	234921
Other Equity	19979	18505
Non-Current Liabilities
Deferred tax liabilities (Net)	71	-
Current liabilities
Trade Payables	-	456
Other current liabilities	3322	1077
Current Tax Liabilities	766	-
TOTAL EQUITY AND LIABILITIES	259058	254959

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

Particulars	31-03-2023	31-03-2022
Other Income	10,701	10,431
Total Revenue	10,701	10,431
Purchase of stock-in-trade
Employee Benefit Expenses	3,783	3,059
Depreciation	3,77	14
Other expenses	3,597	4,979
Total expenses	7,757	8,053
Profit/Loss Before Tax	2,944	2,379
Current Tax	766	-
Earlier Period Tax	625	-
Deferred Tax	83	-
Profit/(Loss) for the Year	1,471	2,379
Earnings per equity share
Basic	0.06	0.1
Diluted	0.06	0.1

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

Particulars	31-03-2023	31-03-2022
Cash Flow from Operating Activities
Net Profit before taxes	2,944	2,379
Adjustment for Deferred Revenue Expenditure:
Depreciation	377	14
Operating Profit before Working Capital changes	3,321	2,393
Adjustment for changes in Working Capital
Increase/(decrease) in Trade Payables	-456	462
Increase/(decrease) in Other current Liabilities	2,318	919
(Increase)/decrease in Loan & Advances	-	-5,553
(Increase /decrease in Other Loan & Financial Assets	1,084	868
Cash generated from Operating Activities	6,269	-911
Taxes Paid	-708	-190
Net Cash from Operating Activities	5,561	-1,101
Cash Flow from Investing Activities
Sale/(Purchase)of Fixed Assets	-2500	-64
Loan Given to Parties	-3,045	1,171
Net Cash from Investing Activities	-5,546	1,107
Net Cash from Financing Activities	-	-
Net Increase/(Decrease) in Cash and Cash Equivalents	15	6
Cash and Cash Equivalents as on 01st April (Opening Balance)	58	53
Cash and Cash Equivalents as on 31st March (Closing Balance)	73	58

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

Particulars	2023
Current Ratio	48.27%
Return on Equity Ratio	0.58%
Return on Capital employed	1.15%

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.