Adtech Systems Annual Reports, Balance Sheet and Financials

AdTech Systems Limited Balance Sheet (Rs in Thousands)

AdTech Systems Limited Profit & Loss Statement (Rs in Thousands)

 AdTech Systems Limited Consolidated Cash Flow Statement (Rs in Thousands)

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

The cash flow statement for the years ending 31st March 2024 and 31st March 2023 provides a detailed view of the company 's cash inflows and outflows from operating, investing, and financing activities.

Cash Flow from Operating Activities:

The net profit after tax was Rs. 41,507.10 thousand in 2024, up from Rs. 35,934.95 thousand in 2023. Several adjustments were made to reconcile the profit before tax with cash generated from operations. These adjustments include non-cash expenses such as depreciation and amortization of Rs. 10,678.83 thousand in 2024, slightly higher than Rs. 10,237.27 thousand in 2023, and finance costs of Rs. 10,280.95 thousand in 2024, down from Rs. 17,556.37 thousand in 2023.

The company also recorded gains from the sale of property, plant, and equipment (Rs. 5,337.90 thousand) in 2024, compared to Rs. 1,173.60 thousand in 2023. Interest income contributed positively with Rs. 6,675.86 thousand in 2024, up from Rs. 6,031.90 thousand the previous year. After adjusting for tax expenses of Rs. 12,205.58 thousand, the operating profit before working capital changes was Rs. 62,112.95 thousand in 2024, slightly lower than Rs. 69,075.16 thousand in 2023.

Changes in working capital had a significant impact. Inventories increased by Rs. 12,472.21 thousand in 2024, a reversal from the significant decrease of Rs. 41,318.64 thousand in 2023. Receivables increased by Rs. 16,493.50 thousand, which was smaller than the huge increase of Rs. 60,716.61 thousand in 2023. Other assets such as financial and current tax assets also had noticeable changes. After these adjustments, the company generated Rs. 94,594.61 thousand from operations in 2024, up from Rs. 53,672.79 thousand in 2023.

After accounting for income taxes paid of Rs. 13,216.71 thousand, the net cash generated from operating activities was Rs. 81,377.90 thousand in 2024, a significant increase from Rs. 41,386.39 thousand in 2023.

Cash Flow from Investing Activities:

Investing activities resulted in net cash inflows of Rs. 1,214.03 thousand in 2024, a drop compared to Rs. 16,151.85 thousand in 2023.

Major expenditures included payments for property, plant, and equipment of Rs. 4,671.75 thousand in 2024, which was lower than Rs. 7,072.48 thousand in 2023. On the other hand, proceeds from the sale of property, plant, and equipment increased to Rs. 8,082.03 thousand in 2024, up from Rs. 4,150.00 thousand in the previous year.

Other notable cash inflows were rental income of Rs. 545.75 thousand, higher than Rs. 278.43 thousand in 2023. The company also saw changes in investments, with minor purchases of Rs. 71.15 thousand in 2024 compared to Rs. 628.67 thousand in 2023. Overall, despite a smaller net cash inflow, the company managed to maintain positive cash flows from investing activities in 2024.

Cash Flow from Financing Activities:

Financing activities saw a significant net cash outflow of Rs. 92,124.16 thousand in 2024, compared to an even larger outflow of Rs. 1,12,902.52 thousand in 2023.

The company’s finance costs in 2024 were Rs. 10,280.95 thousand, a decrease from Rs. 17,556.37 thousand in 2023. Dividend payments and dividend distribution taxes remained consistent at Rs. 11,913.75 thousand for both years.

The company experienced a substantial reduction in borrowings, with a cash outflow of Rs. 76,605.32 thousand in 2024, compared to Rs. 89,464.29 thousand in 2023. Despite some interest income of Rs. 6,675.86 thousand, the company’s cash outflows from financing activities remained significant.

Net Increase/Decrease in Cash:

Overall, the company experienced a net decrease in cash and cash equivalents of Rs. 9,532.23 thousand in 2024, which is a significant improvement from the decrease of Rs. 55,364.27 thousand in 2023. The company 's cash and cash equivalents at the beginning of the year were Rs. 14,522.95 thousand, ending the year at Rs. 4,990.72 thousand as of 31st March 2024.

Financial Ratios of AdTech Systems Limited

 Here is a summary of the financial and operational metrics for AdTech Systems Limited for the year 2024 and 2023:

Current Ratio:

The current ratio, which measures the company 's ability to meet short-term obligations with its current assets, improved significantly from 2.54 in 2023 to 4.26 in 2024. This indicates a stronger liquidity position in 2024, with the company holding more current assets relative to its current liabilities, making it better positioned to cover short-term debts.

Return on Equity (ROE):

The return on equity (ROE) increased slightly from 8.07% in 2023 to 8.79% in 2024. This ratio measures the company’s profitability relative to shareholders ' equity. The rise in ROE indicates the company generated higher returns for shareholders in 2024, reflecting more efficient use of equity capital.

Debt-Equity Ratio:

The debt-equity ratio dropped sharply from 0.25 in 2023 to 0.08 in 2024. This ratio indicates the proportion of debt used to finance the company 's assets. The significant reduction shows that the company reduced its reliance on debt in 2024, improving its financial leverage and decreasing risk for shareholders.

Trade Receivables Turnover Ratio:

The trade receivables turnover ratio, which measures how efficiently the company collects payments from customers, improved slightly from 2.59 in 2023 to 2.79 in 2024. A higher ratio indicates that the company is better at collecting receivables, improving its cash flow and reducing the risk of bad debts.

Trade Payable Turnover Ratio:

The trade payable turnover ratio increased dramatically from 5.67 in 2023 to 17.89 in 2024. This ratio measures how quickly the company pays its suppliers. A higher ratio in 2024 suggests that the company settled its payables much faster compared to 2023, potentially negotiating better terms or improving its supplier relationships.

Net Capital Turnover Ratio:

The net capital turnover ratio decreased from 1.83 in 2023 to 1.48 in 2024. This ratio measures how efficiently the company uses its working capital to generate revenue. The decline in 2024 indicates that the company generated less revenue for every unit of working capital, suggesting less efficient use of short-term resources compared to the previous year.

Return on Capital Employed (ROCE):

The return on capital employed (ROCE) rose significantly from 5.88% in 2023 to 13.29% in 2024. ROCE measures the company’s profitability and the efficiency with which its capital is employed. The large increase indicates much more effective utilization of the company’s capital in 2024, leading to higher returns.

Return on Net Worth (RONW):

The return on net worth (RONW) improved from 7.86% in 2023 to 8.52% in 2024. This ratio measures the profitability generated from shareholders ' equity. The increase signifies that the company provided better returns to shareholders in 2024, improving its overall financial performance

Dividend history