Agarwal Duplex Board Annual Reports, Balance Sheet and Financials

Agarwal Duplex Board Mills Limited Balance Sheet (Rs in Lakhs)

Agarwal Duplex Board Mills Limited Profit & Loss Statement (Rs in Lakhs)

 Agarwal Duplex Board Mills 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:

In the year ending March 31, 2024, the net cash flow from operating activities shows a substantial outflow of ₹180.34 lakhs, compared to an inflow of ₹134.93 lakhs in the previous year. The operating profit before working capital adjustments stood at ₹263.92 lakhs for 2024, down from ₹376.55 lakhs in 2023, driven by a significant reduction in net profit before tax and lower depreciation.

The changes in working capital further strained cash flow. There was a notable increase in inventories (₹1,722.13 lakhs), which negatively impacted cash flow, similar to the prior year (₹1,760.63 lakhs). However, trade receivables improved, providing a positive cash flow impact of ₹589.60 lakhs in 2024, up from ₹509.11 lakhs in 2023. Trade payables also contributed positively, generating ₹428.08 lakhs in 2024, although slightly lower than the previous year. Changes in other current liabilities, which added ₹504.37 lakhs to cash flow in 2023, saw a reversal with an outflow of ₹88.47 lakhs in 2024, impacting operating cash flow negatively.

Cash Flow from Investing Activities:

The company experienced a sharp improvement in its investing cash flows in 2024, with a net inflow of ₹250.92 lakhs compared to an outflow of ₹34.43 lakhs in 2023. This was largely due to a change in other non-current liabilities, which added ₹350 lakhs to cash flow. Meanwhile, cash outflows were seen in the purchase of Property, Plant, and Equipment (₹122.44 lakhs), similar to the previous year. The proceeds from the sale of assets were negligible in 2024, in contrast to ₹25.83 lakhs in 2023. Non-operating income also increased marginally from ₹2.75 lakhs to ₹8.18 lakhs in 2024.

Cash Flow from Financing Activities:

The net cash flow from financing activities shows an increased outflow, with ₹169.64 lakhs used in 2024, compared to ₹122.01 lakhs in 2023. This was mainly driven by higher repayments of long-term borrowings (₹45.90 lakhs) and increased finance costs (₹123.75 lakhs) in 2024. The rising financing costs, coupled with the reduction in borrowings, limited the company 's ability to generate positive financing cash flows.

Financial Ratios of Agarwal Duplex Board Mills Limited

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

Current Ratio:

The current ratio measures a company’s ability to meet its short-term liabilities with its short-term assets. In 2024, the current ratio increased slightly to 1.34 from 1.32 in 2023. A ratio above 1 indicates that the company has more current assets than current liabilities, suggesting a relatively stable liquidity position.

Debt Equity Ratio:

The debt-equity ratio highlights the company’s financial leverage, comparing its total debt to its equity. In 2024, the ratio increased to 0.51 from 0.37 in 2023, indicating that the company has taken on more debt relative to its equity. A higher debt-equity ratio suggests increased financial risk, as the company is relying more on borrowed funds.

Debt Service Coverage Ratio (DSCR):

The DSCR measures a company 's ability to service its debt, with higher values indicating stronger coverage. In 2024, this ratio dropped significantly to 1.33 from 2.21 in 2023, signaling a weakened ability to cover debt obligations through operating income

Return on Equity (ROE) Ratio:

ROE measures the profitability relative to shareholders ' equity, indicating how well the company generates returns for its shareholders. In 2024, the company’s ROE is not reported, potentially reflecting a negative equity situation or negligible profit. In 2023, the ROE stood at a very low 0.02, indicating minimal returns to equity holders.

Inventory Turnover Ratio:

This ratio assesses how efficiently a company turns over its inventory within a period. In 2024, the inventory turnover ratio declined sharply to 2.95 from 5.37 in 2023, signaling a slowdown in inventory movement.

Trade Receivables Turnover Ratio:

This ratio measures how efficiently a company collects on its receivables. In 2024, the ratio decreased slightly to 5.55 from 5.95 in 2023. A lower turnover ratio indicates that the company may be taking longer to collect payments from customers, which could strain cash flow.

Trade Payables Turnover Ratio:

This ratio shows how quickly a company pays its suppliers. In 2024, it decreased to 3.07 from 4.44 in 2023, indicating that the company is taking longer to pay its suppliers.

Net Capital Turnover Ratio:

The net capital turnover ratio measures the efficiency with which a company uses its working capital to generate sales. In 2024, the ratio dropped to 7.01 from 10.43 in 2023, reflecting a decline in efficiency. A lower ratio indicates that the company is generating fewer sales for each unit of working capital.

Net Profit Ratio:

The net profit ratio measures a company’s overall profitability as a percentage of sales. In 2024, the net profit ratio was negative at -0.07%, compared to a positive 0.27% in 2023. This indicates that the company incurred losses relative to its revenue in 2024, whereas it was marginally profitable in 2023.

Return on Capital Employed (ROCE):

ROCE indicates the efficiency and profitability of a company’s capital investments. In 2024, the ROCE dropped to 0.03 from 0.06 in 2023, reflecting a reduction in returns generated from the capital employed.

Dividend History

No dividend have been declared or paid during the year by the company.