Agarwal Bolts Annual Reports, Balance Sheet and Financials

Agarwal Bolts Limited Balance Sheet (Rs in Lakhs)

Agarwal Bolts Limited Profit & Loss Statement (Rs in Lakhs)

 Agarwal Bolts Limited Consolidated Cash Flow Statement (Rs in Lakhs)

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

Cash Flow from Operating Activities:

The company generated a net profit before tax of ₹61.36 lakhs in 2024, slightly lower than ₹62.03 lakhs in 2023. Adjustments for non-cash items included depreciation (₹35.46 lakhs), interest paid (₹28.31 lakhs), and provision for gratuity (₹7.82 lakhs). After these adjustments, the operating profit before working capital changes was ₹132.11 lakhs.

Changes in working capital, such as an increase in inventories (₹264.39 lakhs) and a decrease in trade payables and other liabilities (₹-107.25 lakhs), affected cash flows. As a result, the net cash generated from operations amounted to ₹301.00 lakhs. After accounting for interest paid (₹-28.31 lakhs) and taxes (₹10.40 lakhs), the net cash from operating activities was ₹262.00 lakhs, a significant improvement over the previous year’s outflow of ₹-83 lakhs.

Cash Flow from Investing Activities:

The company recorded a net outflow of ₹-54.17 lakhs from investing activities, mainly due to the purchase of fixed assets (₹-60.32 lakhs), partially offset by interest received (₹6.14 lakhs). This was a slight improvement over the previous year’s outflow of ₹-89.4 lakhs, as there were no significant asset sales or security deposits during the period.

Cash Flow from Financing Activities:

Financing activities resulted in a net cash outflow of ₹-274.04 lakhs, as the company saw a significant repayment of borrowings, compared to a net inflow of ₹242.54 lakhs in 2023.

Net Change in Cash and Cash Equivalents:

The company experienced a net decrease in cash and cash equivalents of ₹-65.74 lakhs in 2024, compared to an increase of ₹70.53 lakhs in 2023. The closing balance of cash and cash equivalents stood at ₹10.39 lakhs at the end of 2024, down from ₹76.13 lakhs at the end of 2023.

Financial Ratios of Agarwal Bolts Limited

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

Current Ratio

The current ratio improved from 1.54 in 2023 to 1.97 in 2024. This indicates that the company’s liquidity has strengthened, with a higher level of current assets relative to current liabilities, showcasing a better ability to cover short-term obligations.

Debt-Equity Ratio

The debt-equity ratio decreased significantly from 0.60 in 2023 to 0.27 in 2024, reflecting a reduction in reliance on debt financing and a shift towards a more equity-driven capital structure. This indicates reduced financial risk and lower debt pressure on the company.

Debt Service Coverage Ratio (DSCR)

The DSCR improved from 0.16 to 0.36, signaling better capability to meet debt obligations through operating income. Although it’s still below 1, indicating some difficulty in covering debt, the improvement suggests enhanced financial health.

Return on Equity (ROE)

The ROE dropped from 130.81% to 105.92%, although it remains exceptionally high. This indicates that while the company is still generating substantial returns for its shareholders, the pace of return growth has slowed slightly.

Inventory Turnover Ratio

The inventory turnover ratio decreased slightly from 4.74 in 2023 to 4.55 in 2024. This indicates that the company is taking slightly longer to sell its inventory, which could impact efficiency or imply slower sales.

Trade Receivables Turnover Ratio

The trade receivables turnover ratio declined from 18.5 to 15.68, showing that the company is taking longer to collect payments from customers, which could affect cash flow.

Trade Payable Turnover Ratio

The trade payable turnover ratio increased from 7.15 in 2023 to 10.49 in 2024. This means the company is paying its suppliers faster, which might improve supplier relations but could strain cash reserves.

Net Capital Turnover Ratio

The net capital turnover ratio dropped from 9.52 to 7.41, indicating that the company is generating slightly less revenue for each unit of capital employed.

Net Profit Ratio

The net profit ratio remained stable at 0.013, reflecting consistency in profitability despite variations in other financial metrics.